Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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.
Shandong Donghong Pipe Industry Co's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 377.45%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Shandong Donghong Pipe Industry Co (SHSE:603856) 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.
Shandong Donghong Pipe Industry Co 3-Year ROIIC % Related Terms
Shandong Donghong Pipe Industry Co 3-Year ROIIC % Historical Data
* 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.
Shandong Donghong Pipe Industry Co 3-Year ROIIC % Chart
SHSE:603856 vs TT, JCI, CARR: 3-Year ROIIC % Comparison
For the Building Products & Equipment subindustry, Shandong Donghong Pipe Industry 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.
Shandong Donghong Pipe Industry Co 3-Year ROIIC % vs Construction Industry
For the Construction industry and Industrials sector, Shandong Donghong Pipe Industry Co's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Shandong Donghong Pipe Industry 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.
Shandong Donghong Pipe Industry Co (SHSE:603856) has a 3-Year ROIIC % of 377.45 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 Shandong Donghong Pipe Industry Co and its competitors. This is 11443% above median its historical median of 3.27. According to the industry distribution chart, Shandong Donghong Pipe Industry Co ranks #24 out of 1692 companies in the Construction industry, placing it in the top 1.4%.
Is Shandong Donghong Pipe Industry Co's 3-Year ROIIC % too high?
Shandong Donghong Pipe Industry Co's current 3-Year ROIIC % of 377.45 is 11443% above median its 10-year median of 3.27. The Construction industry median 3-Year ROIIC % is 4.47. Shandong Donghong Pipe Industry Co's value of 377.45 is 8353.5% above this industry median. Based on the distribution chart, Shandong Donghong Pipe Industry Co ranks #24 out of 1692 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Shandong Donghong Pipe Industry Co has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shandong Donghong Pipe Industry Co's 3-Year ROIIC % compare to TT and JCI?
According to the Construction industry distribution chart, Shandong Donghong Pipe Industry Co ranks #24 out of 1692 companies for 3-Year ROIIC %. This places Shandong Donghong Pipe Industry Co in the top 1% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 4.47. Shandong Donghong Pipe Industry Co's value of 377.45 is 8353.5% above this benchmark. While the company's 10-year median is 3.27 vs. the industry median of 4.47, Shandong Donghong Pipe Industry 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 Construction company?
The median 3-Year ROIIC % among Construction companies is 4.47, based on 1,692 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. Shandong Donghong Pipe Industry Co's current 3-Year ROIIC % of 377.45 is 8353.5% 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 Shandong Donghong Pipe Industry Co and its competitors. For the Construction industry, the median 3-Year ROIIC % is 4.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shandong Donghong Pipe Industry Co's current 3-Year ROIIC % is 377.45, which is 11443% above median its own 10-year median of 3.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shandong Donghong Pipe Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Shandong Donghong Pipe Industry Co (SHSE:603856) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥9.30, compared to a current price of ¥11.24 — trading 20.9% above its estimated fair value. The current 3-Year ROIIC % is 377.45, which is 11443% above median its 10-year median of 3.27 and 8353.5% above the Construction industry median of 4.47. Shandong Donghong Pipe Industry Co's overall GF Score™ is 82/100 with 5 warning signs 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 Shandong Donghong Pipe Industry Co (SHSE:603856), the current 3-Year ROIIC % is 377.45 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 Shandong Donghong Pipe Industry Co (SHSE:603856) Overvalued in 2026?
Based on GuruFocus' analysis, Shandong Donghong Pipe Industry Co stock appears to be overvalued.
The current stock price of ¥11.24 is trading 20.9% above its estimated GF Value™ of ¥9.30.
GuruFocus considers Shandong Donghong Pipe Industry Co to be Modestly Overvalued.
Key valuation signals for SHSE:603856:
3-Year ROIIC %: 377.45 (11443% above median its 10-year median of 3.27)
GF Value™: ¥9.30 vs. price of ¥11.24 (20.9% above fair value)
Industry Position: 8353.5% above the Construction median (#24 of 1692)
No single metric tells the full story. See the SHSE:603856 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shandong Donghong Pipe Industry Co Ltd is engaged in the research and development, manufacturing and service of an intelligent pipeline system in China. Its products line includes steel mesh skeleton plastic composite pipes, super wear-resisting composite pipes, HDPE gas pipes, plastic-coated steel pipes, polyethylene pipes for underground coal mining, and other products.
82GF Score
Get the complete analysis for SHSE:603856
3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SHSE:603856 has been successfully added to your 
