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Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Shandong Iron & Steel Co's annualizedNet Income for the quarter that ended in Mar. 2026 was ¥-872 Mil. Shandong Iron & Steel Co's average total tangible assets for the quarter that ended in Mar. 2026 was ¥75,335 Mil. Therefore, Shandong Iron & Steel Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -1.16%.
The historical rank and industry rank for Shandong Iron & Steel Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:600022'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -4.18 Med: 0.86 Max: 3.69
Current: -0.03
During the past 13 years, Shandong Iron & Steel Co's highest Return-on-Tangible-Asset was 3.69%. The lowest was -4.18%. And the median was 0.86%.
SHSE:600022's Return-on-Tangible-Asset is ranked worse than 68.35% of 635
companies
in the Steel industry
Industry Median: 2.07
vs SHSE:600022: -0.03
Shandong Iron & Steel Co (SHSE:600022) 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.
Shandong Iron & Steel Co Return-on-Tangible-Asset Related Terms
Shandong Iron & Steel Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Shandong Iron & Steel Co's Return-on-Tangible-Asset 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.
Shandong Iron & Steel Co Return-on-Tangible-Asset Chart
SHSE:600022 vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, Shandong Iron & Steel 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.
Shandong Iron & Steel Co Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, Shandong Iron & Steel Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Shandong Iron & Steel 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 -1.16% mean?
Shandong Iron & Steel Co (SHSE:600022) has a Return-on-Tangible-Asset of -1.16% 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 Shandong Iron & Steel Co and its competitors. According to the industry distribution chart, Shandong Iron & Steel Co ranks #434 out of 635 companies in the Steel industry, placing it in the top 68.3%.
Is Shandong Iron & Steel Co's Return-on-Tangible-Asset too high?
Shandong Iron & Steel Co's current Return-on-Tangible-Asset is -1.16%. Based on the distribution chart, Shandong Iron & Steel Co ranks #434 out of 635 companies in the Steel industry, which is below the industry midpoint. Overall, Shandong Iron & Steel Co has a GF Score™ of 49/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shandong Iron & Steel Co's Return-on-Tangible-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, Shandong Iron & Steel Co ranks #434 out of 635 companies for Return-on-Tangible-Asset. This places Shandong Iron & Steel Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.07. 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 Steel company?
The median Return-on-Tangible-Asset among Steel companies is 2.07, based on 635 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. 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 Shandong Iron & Steel Co and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shandong Iron & Steel Co's current Return-on-Tangible-Asset is -1.16%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shandong Iron & Steel Co stock overvalued right now?
Based on GuruFocus' analysis, Shandong Iron & Steel Co (SHSE:600022) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥1.11, compared to a current price of ¥1.38 — trading 24.3% above its estimated fair value. The current Return-on-Tangible-Asset is -1.16%. Shandong Iron & Steel Co's overall GF Score™ is 49/100 with 9 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 Shandong Iron & Steel Co (SHSE:600022), the current Return-on-Tangible-Asset is -1.16% 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 Shandong Iron & Steel Co (SHSE:600022) Overvalued in 2026?
Based on GuruFocus' analysis, Shandong Iron & Steel Co stock appears to be overvalued.
The current stock price of ¥1.38 is trading 24.3% above its estimated GF Value™ of ¥1.11.
GuruFocus considers Shandong Iron & Steel Co to be Modestly Overvalued.
Key valuation signals for SHSE:600022:
Return-on-Tangible-Asset: -1.16%
GF Value™: ¥1.11 vs. price of ¥1.38 (24.3% above fair value)
No single metric tells the full story. See the SHSE:600022 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shandong Iron & Steel Co Ltd is a China-based company engaged in manufacturing and marketing steel materials. The company produces cold-formed steel, galvanized coil, composite board, hot rolled equal angle steel, hot-rolled channel steel and other products.
49GF Score
Get the complete analysis for SHSE:600022
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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