Shenzhen ExpresswaySHZNF 72 3-Year ROIIC % is 3.84 as of Dec. 2025, which is 26% above its 10-year median of 3.04. GuruFocus rates SHZNF with a GF Score™ of 72/100 and a GF Value™ of $1.06. The stock has 7 warning signs investors should review. Among 1,681 Construction companies, Shenzhen Expressway ranks worse than 51.75% 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.
Shenzhen Expressway's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 3.84%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Shenzhen Expressway's 3-Year ROIIC % or its related term are showing as below:
SHZNF's 3-Year ROIIC % is ranked worse than 51.75% of 1681
companies
in the Construction industry
Industry Median: 4.63
vs SHZNF: 3.84
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.
Shenzhen Expressway 3-Year ROIIC % Related Terms
Shenzhen Expressway 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Shenzhen Expressway'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.
For the Infrastructure Operations subindustry, Shenzhen Expressway'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.
Shenzhen Expressway 3-Year ROIIC % vs Construction Industry
For the Construction industry and Industrials sector, Shenzhen Expressway's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Shenzhen Expressway'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.
Shenzhen Expressway (SHZNF) has a 3-Year ROIIC % of 3.84 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 Shenzhen Expressway and its competitors. This is 26% above median its historical median of 3.04. According to the industry distribution chart, Shenzhen Expressway ranks #870 out of 1681 companies in the Construction industry, placing it in the top 51.8%.
Is Shenzhen Expressway's 3-Year ROIIC % too high?
Shenzhen Expressway's current 3-Year ROIIC % of 3.84 is 26% above median its 10-year median of 3.04. The Construction industry median 3-Year ROIIC % is 4.63. Shenzhen Expressway's value of 3.84 is 17.1% below this industry median. Based on the distribution chart, Shenzhen Expressway ranks #870 out of 1681 companies in the Construction industry, which is below the industry midpoint. Overall, Shenzhen Expressway has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Shenzhen Expressway's 3-Year ROIIC % compare to competitors?
According to the Construction industry distribution chart, Shenzhen Expressway ranks #870 out of 1681 companies for 3-Year ROIIC %. This places Shenzhen Expressway in the lower half of its industry. The industry median 3-Year ROIIC % is 4.63. Shenzhen Expressway's value of 3.84 is 17.1% below this benchmark. While the company's 10-year median is 3.04 vs. the industry median of 4.63, Shenzhen Expressway has consistently been below 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 4.63, based on 1,681 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. Shenzhen Expressway's current 3-Year ROIIC % of 3.84 is 17.1% below 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 Shenzhen Expressway and its competitors. For the Construction industry, the median 3-Year ROIIC % is 4.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shenzhen Expressway's current 3-Year ROIIC % is 3.84, which is 26% above median its own 10-year median of 3.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shenzhen Expressway stock overvalued right now?
Shenzhen Expressway (SHZNF) has a current 3-Year ROIIC % of 3.84. The stock's GF Value™ is $1.06, compared to a current price of $0.95 — trading 10.4% below its estimated fair value. The current 3-Year ROIIC % is 3.84, which is 26% above median its 10-year median of 3.04 and 17.1% below the Construction industry median of 4.63. Shenzhen Expressway's overall GF Score™ is 72/100 with 7 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 Shenzhen Expressway (SHZNF), the current 3-Year ROIIC % is 3.84 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 Shenzhen Expressway (SHZNF) Overvalued in 2026?
Based on GuruFocus' analysis, Shenzhen Expressway stock appears to be undervalued.
The current stock price of $0.95 is trading 10.4% below its estimated GF Value™ of $1.06.
Key valuation signals for SHZNF:
3-Year ROIIC %: 3.84 (26% above median its 10-year median of 3.04)
GF Value™: $1.06 vs. price of $0.95 (10.4% below fair value)
Industry Position: 17.1% below the Construction median (#870 of 1681)
No single metric tells the full story. See the SHZNF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shenzhen Expressway Corp Ltd is engaged in the construction, operation, management, and investment of toll highways and environmental protection in China. The Group has identified two reporting segments, namely the toll road segment and the environmental protection segment. The toll road segment takes charge of the operation and management of toll roads in Mainland China. The environmental protection segment operates and manages environmentally related infrastructure, mainly including solid waste treatment, clean energy, and other related fields. The majority of its revenue is derived from the toll road segment.
72GF Score
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