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Yutong Bus CoSHSE:600066 -4.73%94 Return-on-Tangible-Asset is 8.25% as of Mar. 2026, which is 29% above its 10-year median of 6.42. GuruFocus rates SHSE:600066 with a GF Score™ of 94/100 and a GF Value™ of ¥31.07 (Fairly Valued). Among 212 Farm & Heavy Construction Machinery companies, Yutong Bus Co ranks better than 95.28% on this metric.
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. Yutong Bus Co's annualizedNet Income for the quarter that ended in Mar. 2026 was ¥2,637 Mil. Yutong Bus Co's average total tangible assets for the quarter that ended in Mar. 2026 was ¥31,963 Mil. Therefore, Yutong Bus Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 8.25%.
The historical rank and industry rank for Yutong Bus Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:600066'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.53 Med: 6.42 Max: 17.9
Current: 17.9
During the past 13 years, Yutong Bus Co's highest Return-on-Tangible-Asset was 17.90%. The lowest was 1.53%. And the median was 6.42%.
SHSE:600066's Return-on-Tangible-Asset is ranked better than 95.28% of 212
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 3.985
vs SHSE:600066: 17.90
Yutong Bus Co (SHSE:600066) 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.
Yutong Bus Co Return-on-Tangible-Asset Related Terms
Yutong Bus Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Yutong Bus 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.
SHSE:600066 vs CAT, DE, PCAR: Return-on-Tangible-Asset Comparison
For the Farm & Heavy Construction Machinery subindustry, Yutong Bus 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.
Yutong Bus Co Return-on-Tangible-Asset vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Yutong Bus Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Yutong Bus 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 8.25% mean?
Yutong Bus Co (SHSE:600066) has a Return-on-Tangible-Asset of 8.25% 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 Yutong Bus Co and its competitors. This is 29% above median its historical median of 6.42. Over the past decade, Yutong Bus Co's Return-on-Tangible-Asset has ranged from 1.53 to 17.90. According to the industry distribution chart, Yutong Bus Co ranks #10 out of 212 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 4.7%.
Is Yutong Bus Co's Return-on-Tangible-Asset too high?
Yutong Bus Co's current Return-on-Tangible-Asset of 8.25% is 29% above median its 10-year median of 6.42. Over the past 10 years, this metric has ranged from a low of 1.53 to a high of 17.90. The Farm & Heavy Construction Machinery industry median Return-on-Tangible-Asset is 3.99. Yutong Bus Co's value of 8.25% is 107% above this industry median. Based on the distribution chart, Yutong Bus Co ranks #10 out of 212 companies in the Farm & Heavy Construction Machinery industry, which is in the top quartile — a strong position relative to peers. Overall, Yutong Bus Co has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Yutong Bus Co's Return-on-Tangible-Asset compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Yutong Bus Co ranks #10 out of 212 companies for Return-on-Tangible-Asset. This places Yutong Bus Co in the top 5% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.99. Yutong Bus Co's value of 8.25% is 107% above this benchmark. Historically, Yutong Bus Co's own Return-on-Tangible-Asset has ranged from 1.53 to 17.90 over the past decade. While the company's 10-year median is 6.42 vs. the industry median of 3.99, Yutong Bus 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 Farm & Heavy Construction Machinery company?
The median Return-on-Tangible-Asset among Farm & Heavy Construction Machinery companies is 3.99, based on 212 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. Yutong Bus Co's current Return-on-Tangible-Asset of 8.25% is 107% 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 Yutong Bus Co and its competitors. For the Farm & Heavy Construction Machinery industry, the median Return-on-Tangible-Asset is 3.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Yutong Bus Co's current Return-on-Tangible-Asset is 8.25%, which is 29% above median its own 10-year median of 6.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yutong Bus Co stock overvalued right now?
Based on GuruFocus' analysis, Yutong Bus Co (SHSE:600066) is currently considered Fairly Valued. The stock's GF Value™ is ¥31.07, compared to a current price of ¥32.20 — trading 3.6% above its estimated fair value. The current Return-on-Tangible-Asset is 8.25%, which is 29% above median its 10-year median of 6.42 and 107% above the Farm & Heavy Construction Machinery industry median of 3.99. Yutong Bus Co's overall GF Score™ is 94/100. 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 Yutong Bus Co (SHSE:600066), the current Return-on-Tangible-Asset is 8.25% 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 Yutong Bus Co (SHSE:600066) Overvalued in 2026?
Based on GuruFocus' analysis, Yutong Bus Co stock appears to be overvalued.
The current stock price of ¥32.20 is trading 3.6% above its estimated GF Value™ of ¥31.07.
GuruFocus considers Yutong Bus Co to be Fairly Valued.
Key valuation signals for SHSE:600066:
Return-on-Tangible-Asset: 8.25% (29% above median its 10-year median of 6.42)
GF Value™: ¥31.07 vs. price of ¥32.20 (3.6% above fair value)
Industry Position: 107% above the Farm & Heavy Construction Machinery median (#10 of 212)
No single metric tells the full story. See the SHSE:600066 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Yutong Bus Co Ltd engages in the manufacture and sale of buses and related products. The company operates its business through four main segments. The Bus Manufacturing segment focuses on producing and selling large, medium, and light buses, which include passenger buses, city buses, school buses, and various types of new energy vehicles such as pure electric, plug-in hybrid, and fuel cell models. The Foreign Trade segment handles both domestic and international sales and distribution of buses and new energy vehicles. The Passenger Transportation segment covers services such as group rentals, short-distance and highway travel, tourism transport, bus operations, employee commuting, and school transportation. The Other segment is responsible for providing after-sales support and services.
94GF Score
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