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Henan Zhongyuan Expressway CoSHSE:600020 61 Return-on-Tangible-Asset is 5.97% as of Mar. 2026, which is 107% above its 10-year median of 2.88. GuruFocus rates SHSE:600020 with a GF Score™ of 61/100 and a GF Value™ of ¥4.83 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,781 Construction companies, Henan Zhongyuan Expressway Co ranks worse than 53.17% on this metric.
The historical rank and industry rank for Henan Zhongyuan Expressway Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:600020'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.56 Med: 2.88 Max: 5.5
Current: 2.59
During the past 13 years, Henan Zhongyuan Expressway Co's highest Return-on-Tangible-Asset was 5.50%. The lowest was 0.56%. And the median was 2.88%.
SHSE:600020's Return-on-Tangible-Asset is ranked worse than 53.17% of 1781
companies
in the Construction industry
Industry Median: 3.05
vs SHSE:600020: 2.59
Henan Zhongyuan Expressway Co (SHSE:600020) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Henan Zhongyuan Expressway Co Return-on-Tangible-Asset Related Terms
Henan Zhongyuan Expressway Co Return-on-Tangible-Asset 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.
Henan Zhongyuan Expressway Co Return-on-Tangible-Asset Chart
Henan Zhongyuan Expressway Co Return-on-Tangible-Asset Competitor Comparison
For the Infrastructure Operations subindustry, Henan Zhongyuan Expressway Co's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
Henan Zhongyuan Expressway Co Return-on-Tangible-Asset vs Construction Industry
For the Construction industry and Industrials sector, Henan Zhongyuan Expressway Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Henan Zhongyuan Expressway Co's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 5.97% mean?
Henan Zhongyuan Expressway Co (SHSE:600020) has a Return-on-Tangible-Asset of 5.97% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Henan Zhongyuan Expressway Co and its competitors. This is 107% above median its historical median of 2.88. Over the past decade, Henan Zhongyuan Expressway Co's Return-on-Tangible-Asset has ranged from 0.56 to 5.50. According to the industry distribution chart, Henan Zhongyuan Expressway Co ranks #947 out of 1781 companies in the Construction industry, placing it in the top 53.2%.
Is Henan Zhongyuan Expressway Co's Return-on-Tangible-Asset too high?
Henan Zhongyuan Expressway Co's current Return-on-Tangible-Asset of 5.97% is 107% above median its 10-year median of 2.88. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 5.50. The Construction industry median Return-on-Tangible-Asset is 3.05. Henan Zhongyuan Expressway Co's value of 5.97% is 95.7% above this industry median. Based on the distribution chart, Henan Zhongyuan Expressway Co ranks #947 out of 1781 companies in the Construction industry, which is below the industry midpoint. Overall, Henan Zhongyuan Expressway Co has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Henan Zhongyuan Expressway Co's Return-on-Tangible-Asset compare to competitors?
According to the Construction industry distribution chart, Henan Zhongyuan Expressway Co ranks #947 out of 1781 companies for Return-on-Tangible-Asset. This places Henan Zhongyuan Expressway Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.05. Henan Zhongyuan Expressway Co's value of 5.97% is 95.7% above this benchmark. Historically, Henan Zhongyuan Expressway Co's own Return-on-Tangible-Asset has ranged from 0.56 to 5.50 over the past decade. While the company's 10-year median is 2.88 vs. the industry median of 3.05, Henan Zhongyuan Expressway 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 Return-on-Tangible-Asset for a Construction company?
The median Return-on-Tangible-Asset among Construction companies is 3.05, based on 1,781 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Henan Zhongyuan Expressway Co's current Return-on-Tangible-Asset of 5.97% is 95.7% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Henan Zhongyuan Expressway Co and its competitors. For the Construction industry, the median Return-on-Tangible-Asset is 3.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Henan Zhongyuan Expressway Co's current Return-on-Tangible-Asset is 5.97%, which is 107% above median its own 10-year median of 2.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Henan Zhongyuan Expressway Co stock overvalued right now?
Based on GuruFocus' analysis, Henan Zhongyuan Expressway Co (SHSE:600020) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥4.83, compared to a current price of ¥3.85 — trading 20.3% below its estimated fair value. The current Return-on-Tangible-Asset is 5.97%, which is 107% above median its 10-year median of 2.88 and 95.7% above the Construction industry median of 3.05. Henan Zhongyuan Expressway Co's overall GF Score™ is 61/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Henan Zhongyuan Expressway Co (SHSE:600020), the current Return-on-Tangible-Asset is 5.97% as of Mar. 2026. 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 Henan Zhongyuan Expressway Co (SHSE:600020) Overvalued in 2026?
Based on GuruFocus' analysis, Henan Zhongyuan Expressway Co stock appears to be undervalued.
The current stock price of ¥3.85 is trading 20.3% below its estimated GF Value™ of ¥4.83.
GuruFocus considers Henan Zhongyuan Expressway Co to be Modestly Undervalued.
Key valuation signals for SHSE:600020:
Return-on-Tangible-Asset: 5.97% (107% above median its 10-year median of 2.88)
GF Value™: ¥4.83 vs. price of ¥3.85 (20.3% below fair value)
Industry Position: 95.7% above the Construction median (#947 of 1781)
No single metric tells the full story. See the SHSE:600020 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Henan Zhongyuan Expressway Co Ltd engages in investment, operation, management, and maintenance of high-grade highways, independent bridges, and other transportation infrastructure projects. It operates Zhengxi, Zhumadian, Zhengzhou, Pingdingshan, Zhengxin yellow river bridge, Zhengkai, Shangqiu, and Jixian County projects. The company also engages in the highway construction, management, investment, and financing systems.
61GF Score
Get the complete analysis for SHSE:600020
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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