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Zhongjin GoldSHSE:600489 +5.07%87 3-Year ROIIC % is 108.74 as of Dec. 2025, which is 206% above its 10-year median of 35.56. GuruFocus rates SHSE:600489 with a GF Score™ of 87/100 and a GF Value™ of ¥21.72 (Fairly Valued). The stock has 1 warning sign investors should review. Among 2,302 Metals & Mining companies, Zhongjin Gold ranks better than 88.58% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Zhongjin Gold's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 108.74%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Zhongjin Gold's 3-Year ROIIC % or its related term are showing as below:
SHSE:600489's 3-Year ROIIC % is ranked better than 88.58% of 2302
companies
in the Metals & Mining industry
Industry Median: -2.69
vs SHSE:600489: 108.74
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.
Zhongjin Gold 3-Year ROIIC % Related Terms
Zhongjin Gold 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Zhongjin Gold's 3-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.
SHSE:600489 vs NEM, AU, RGLD: 3-Year ROIIC % Comparison
For the Gold subindustry, Zhongjin Gold's 3-Year ROIIC %, along with its competitors' market caps and 3-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.
Zhongjin Gold 3-Year ROIIC % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Zhongjin Gold's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Zhongjin Gold's 3-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 3-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.
Zhongjin Gold (SHSE:600489) has a 3-Year ROIIC % of 108.74 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Zhongjin Gold and its competitors. This is 206% above median its historical median of 35.56. According to the industry distribution chart, Zhongjin Gold ranks #263 out of 2302 companies in the Metals & Mining industry, placing it in the top 11.4%.
Is Zhongjin Gold's 3-Year ROIIC % too high?
Zhongjin Gold's current 3-Year ROIIC % of 108.74 is 206% above median its 10-year median of 35.56. Based on the distribution chart, Zhongjin Gold ranks #263 out of 2302 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Zhongjin Gold has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zhongjin Gold's 3-Year ROIIC % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Zhongjin Gold ranks #263 out of 2302 companies for 3-Year ROIIC %. This places Zhongjin Gold in the top 11% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for a Metals & Mining company?
A good 3-Year ROIIC % depends on the Metals & Mining industry context. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Zhongjin Gold and its competitors. Zhongjin Gold's current 3-Year ROIIC % is 108.74, which is 206% above median its own 10-year median of 35.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhongjin Gold stock overvalued right now?
Based on GuruFocus' analysis, Zhongjin Gold (SHSE:600489) is currently considered Fairly Valued. The stock's GF Value™ is ¥21.72, compared to a current price of ¥23.01 — trading 5.9% above its estimated fair value. The current 3-Year ROIIC % is 108.74, which is 206% above median its 10-year median of 35.56. Zhongjin Gold's overall GF Score™ is 87/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Zhongjin Gold (SHSE:600489), the current 3-Year ROIIC % is 108.74 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 Zhongjin Gold (SHSE:600489) Overvalued in 2026?
Based on GuruFocus' analysis, Zhongjin Gold stock appears to be overvalued.
The current stock price of ¥23.01 is trading 5.9% above its estimated GF Value™ of ¥21.72.
GuruFocus considers Zhongjin Gold to be Fairly Valued.
Key valuation signals for SHSE:600489:
3-Year ROIIC %: 108.74 (206% above median its 10-year median of 35.56)
GF Value™: ¥21.72 vs. price of ¥23.01 (5.9% above fair value)
No single metric tells the full story. See the SHSE:600489 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhongjin Gold Corp Ltd engages in the mining, smelting, and sale of non-ferrous metals in China. Its products include gold, electrolytic silver and copper, sulfuric acid, and other products, as well as iron oxide pigments. The company operates its business in both the domestic and overseas market.
87GF Score
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