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Hangcha Group CoSHSE:603298 -0.38%91 3-Year ROIIC % is 22.90 as of Dec. 2025, which is 16% above its 10-year median of 19.82. GuruFocus rates SHSE:603298 with a GF Score™ of 91/100 and a GF Value™ of ¥23.43 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 203 Farm & Heavy Construction Machinery companies, Hangcha Group Co ranks better than 75.37% 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.
Hangcha Group Co's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 22.90%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Hangcha Group Co's 3-Year ROIIC % or its related term are showing as below:
SHSE:603298's 3-Year ROIIC % is ranked better than 75.37% of 203
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 2.26
vs SHSE:603298: 22.90
Hangcha Group Co (SHSE:603298) 3-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.
Hangcha Group Co 3-Year ROIIC % Related Terms
Hangcha Group Co 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Hangcha Group Co'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:603298 vs CAT, DE, PCAR: 3-Year ROIIC % Comparison
For the Farm & Heavy Construction Machinery subindustry, Hangcha Group Co'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.
Hangcha Group Co 3-Year ROIIC % vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Hangcha Group Co's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Hangcha Group Co'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.
Hangcha Group Co (SHSE:603298) has a 3-Year ROIIC % of 22.90 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 Hangcha Group Co and its competitors. This is 16% above median its historical median of 19.82. Over the past decade, Hangcha Group Co's 3-Year ROIIC % has ranged from 11.25 to 36.37. According to the industry distribution chart, Hangcha Group Co ranks #50 out of 203 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 24.6%.
Is Hangcha Group Co's 3-Year ROIIC % too high?
Hangcha Group Co's current 3-Year ROIIC % of 22.90 is 16% above median its 10-year median of 19.82. Over the past 10 years, this metric has ranged from a low of 11.25 to a high of 36.37. The Farm & Heavy Construction Machinery industry median 3-Year ROIIC % is 2.26. Hangcha Group Co's value of 22.90 is 913.3% above this industry median. Based on the distribution chart, Hangcha Group Co ranks #50 out of 203 companies in the Farm & Heavy Construction Machinery industry, which is in the top quartile — a strong position relative to peers. Overall, Hangcha Group Co has a GF Score™ of 91/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hangcha Group Co's 3-Year ROIIC % compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Hangcha Group Co ranks #50 out of 203 companies for 3-Year ROIIC %. This places Hangcha Group Co in the top 25% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 2.26. Hangcha Group Co's value of 22.90 is 913.3% above this benchmark. Historically, Hangcha Group Co's own 3-Year ROIIC % has ranged from 11.25 to 36.37 over the past decade. While the company's 10-year median is 19.82 vs. the industry median of 2.26, Hangcha Group Co has consistently been above the industry average. 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 Farm & Heavy Construction Machinery company?
The median 3-Year ROIIC % among Farm & Heavy Construction Machinery companies is 2.26, based on 203 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hangcha Group Co's current 3-Year ROIIC % of 22.90 is 913.3% 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 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 Hangcha Group Co and its competitors. For the Farm & Heavy Construction Machinery industry, the median 3-Year ROIIC % is 2.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hangcha Group Co's current 3-Year ROIIC % is 22.90, which is 16% above median its own 10-year median of 19.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hangcha Group Co stock overvalued right now?
Based on GuruFocus' analysis, Hangcha Group Co (SHSE:603298) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥23.43, compared to a current price of ¥26.26 — trading 12.1% above its estimated fair value. The current 3-Year ROIIC % is 22.90, which is 16% above median its 10-year median of 19.82 and 913.3% above the Farm & Heavy Construction Machinery industry median of 2.26. Hangcha Group Co's overall GF Score™ is 91/100 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 Hangcha Group Co (SHSE:603298), the current 3-Year ROIIC % is 22.90 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 Hangcha Group Co (SHSE:603298) Overvalued in 2026?
Based on GuruFocus' analysis, Hangcha Group Co stock appears to be overvalued.
The current stock price of ¥26.26 is trading 12.1% above its estimated GF Value™ of ¥23.43.
GuruFocus considers Hangcha Group Co to be Modestly Overvalued.
Key valuation signals for SHSE:603298:
3-Year ROIIC %: 22.90 (16% above median its 10-year median of 19.82)
GF Value™: ¥23.43 vs. price of ¥26.26 (12.1% above fair value)
Industry Position: 913.3% above the Farm & Heavy Construction Machinery median (#50 of 203)
No single metric tells the full story. See the SHSE:603298 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hangcha Group Co Ltd is engaged in manufacturing of forklift truck. Its products include IC forklift truck, Electric forklift truck, warehouse equipment, tow tractors, side loading forklifts, explosion proof forklifts, empty container handlers and among others.
91GF Score
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