10-Year Return on Invested Incremental Capital (10-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 10-year.
China Steel's 10-Year ROIIC % for the quarter that ended in Dec. 2025 was 17.62%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for China Steel's 10-Year ROIIC % or its related term are showing as below:
TPE:2002's 10-Year ROIIC % is ranked better than 81.15% of 541
companies
in the Steel industry
Industry Median: 3.35
vs TPE:2002: 17.62
China Steel (TPE:2002) 10-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
China Steel 10-Year ROIIC % Related Terms
China Steel 10-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for China Steel's 10-Year ROIIC % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
TPE:2002 vs NUE, STLD, RS: 10-Year ROIIC % Comparison
For the Steel subindustry, China Steel's 10-Year ROIIC %, along with its competitors' market caps and 10-Year ROIIC % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
China Steel 10-Year ROIIC % vs Steel Industry
For the Steel industry and Basic Materials sector, China Steel's 10-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where China Steel's 10-Year ROIIC % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
** Annual data of NOPAT and Invested Capital was used to calculate 10-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
China Steel (TPE:2002) has a 10-Year ROIIC % of 17.62 as of Dec. 2025. 10-Year ROIIC % measures the change in earnings as a percentage of change in investment over 10-year. View historical data on China Steel and its competitors. According to the industry distribution chart, China Steel ranks #102 out of 541 companies in the Steel industry, placing it in the top 18.9%.
Is China Steel's 10-Year ROIIC % too high?
China Steel's current 10-Year ROIIC % is 17.62. The Steel industry median 10-Year ROIIC % is 3.35. China Steel's value of 17.62 is 426% above this industry median. Based on the distribution chart, China Steel ranks #102 out of 541 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, China Steel has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Steel's 10-Year ROIIC % compare to NUE and STLD?
According to the Steel industry distribution chart, China Steel ranks #102 out of 541 companies for 10-Year ROIIC %. This places China Steel in the top 19% of its industry — outperforming the majority of peers. The industry median 10-Year ROIIC % is 3.35. China Steel's value of 17.62 is 426% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 10-Year ROIIC % for a Steel company?
The median 10-Year ROIIC % among Steel companies is 3.35, based on 541 companies in the industry. Companies in the top quartile (top 25%) have a 10-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 10-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. China Steel's current 10-Year ROIIC % of 17.62 is 426% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 10-Year ROIIC % mean?
A high 10-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 10-Year ROIIC % measures the change in earnings as a percentage of change in investment over 10-year. View historical data on China Steel and its competitors. For the Steel industry, the median 10-Year ROIIC % is 3.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Steel's current 10-Year ROIIC % is 17.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Steel stock overvalued right now?
Based on GuruFocus' analysis, China Steel (TPE:2002) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$20.91, compared to a current price of NT$18.70 — trading 10.6% below its estimated fair value. The current 10-Year ROIIC % is 17.62 and 426% above the Steel industry median of 3.35. China Steel's overall GF Score™ is 67/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 10-Year ROIIC % calculated?
10-Year ROIIC % is calculated from a company's financial statements. For China Steel (TPE:2002), the current 10-Year ROIIC % is 17.62 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is China Steel (TPE:2002) Overvalued in 2026?
Based on GuruFocus' analysis, China Steel stock appears to be undervalued.
The current stock price of NT$18.70 is trading 10.6% below its estimated GF Value™ of NT$20.91.
GuruFocus considers China Steel to be Modestly Undervalued.
Key valuation signals for TPE:2002:
10-Year ROIIC %: 17.62
GF Value™: NT$20.91 vs. price of NT$18.70 (10.6% below fair value)
Industry Position: 426% above the Steel median (#102 of 541)
No single metric tells the full story. See the TPE:2002 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Steel Corp is a steelmaker in Taiwan. It manufactures and sells steel products and engages in mechanical, communications, and electrical engineering. The company's product portfolio includes plates, bars, wire rods, hot and cold rolled coils, electro-galvanized coils, electrical steel coils, and hot-dip galvanized coils. Along with its subsidiaries, the company operates in the following reportable segments: Steel Department and Non-Steel Department. A majority of its revenue is generated from the Steel department segment, which manufactures and sells steel products. Geographically, the company derives maximum revenue from Taiwan, followed by Vietnam, Malaysia, India, China, and other regions.
67GF Score
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