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TBEA CoSHSE:600089 +1.28%77 Return-on-Tangible-Asset is 3.25% as of Mar. 2026, which is 14% above its 10-year median of 2.86. GuruFocus rates SHSE:600089 with a GF Score™ of 77/100 and a GF Value™ of ¥13.49 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 3,079 Industrial Products companies, TBEA Co ranks worse than 52.71% 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. TBEA Co's annualizedNet Income for the quarter that ended in Mar. 2026 was ¥7,258 Mil. TBEA Co's average total tangible assets for the quarter that ended in Mar. 2026 was ¥223,225 Mil. Therefore, TBEA Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 3.25%.
The historical rank and industry rank for TBEA Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:600089'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.13 Med: 2.86 Max: 10.72
Current: 2.88
During the past 13 years, TBEA Co's highest Return-on-Tangible-Asset was 10.72%. The lowest was 2.13%. And the median was 2.86%.
SHSE:600089's Return-on-Tangible-Asset is ranked worse than 52.71% of 3079
companies
in the Industrial Products industry
Industry Median: 3.28
vs SHSE:600089: 2.88
TBEA Co (SHSE:600089) 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.
TBEA Co Return-on-Tangible-Asset Related Terms
TBEA Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for TBEA 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:600089 vs VRT, BE: Return-on-Tangible-Asset Comparison
For the Electrical Equipment & Parts subindustry, TBEA 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.
TBEA Co Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, TBEA Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where TBEA 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 3.25% mean?
TBEA Co (SHSE:600089) has a Return-on-Tangible-Asset of 3.25% 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 TBEA Co and its competitors. This is 14% above median its historical median of 2.86. Over the past decade, TBEA Co's Return-on-Tangible-Asset has ranged from 2.13 to 10.72. According to the industry distribution chart, TBEA Co ranks #1623 out of 3079 companies in the Industrial Products industry, placing it in the top 52.7%.
Is TBEA Co's Return-on-Tangible-Asset too high?
TBEA Co's current Return-on-Tangible-Asset of 3.25% is 14% above median its 10-year median of 2.86. Over the past 10 years, this metric has ranged from a low of 2.13 to a high of 10.72. The Industrial Products industry median Return-on-Tangible-Asset is 3.28. TBEA Co's value of 3.25% is 0.9% below this industry median. Based on the distribution chart, TBEA Co ranks #1623 out of 3079 companies in the Industrial Products industry, which is below the industry midpoint. Overall, TBEA Co has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TBEA Co's Return-on-Tangible-Asset compare to VRT and BE?
According to the Industrial Products industry distribution chart, TBEA Co ranks #1623 out of 3079 companies for Return-on-Tangible-Asset. This places TBEA Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.28. TBEA Co's value of 3.25% is 0.9% below this benchmark. Historically, TBEA Co's own Return-on-Tangible-Asset has ranged from 2.13 to 10.72 over the past decade. While the company's 10-year median is 2.86 vs. the industry median of 3.28, TBEA Co 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 Return-on-Tangible-Asset for an Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.28, based on 3,079 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. TBEA Co's current Return-on-Tangible-Asset of 3.25% is 0.9% 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 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 TBEA Co and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TBEA Co's current Return-on-Tangible-Asset is 3.25%, which is 14% above median its own 10-year median of 2.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TBEA Co stock overvalued right now?
Based on GuruFocus' analysis, TBEA Co (SHSE:600089) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥13.49, compared to a current price of ¥20.65 — trading 53.1% above its estimated fair value. The current Return-on-Tangible-Asset is 3.25%, which is 14% above median its 10-year median of 2.86 and 0.9% below the Industrial Products industry median of 3.28. TBEA Co's overall GF Score™ is 77/100 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 TBEA Co (SHSE:600089), the current Return-on-Tangible-Asset is 3.25% 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 TBEA Co (SHSE:600089) Overvalued in 2026?
Based on GuruFocus' analysis, TBEA Co stock appears to be overvalued.
The current stock price of ¥20.65 is trading 53.1% above its estimated GF Value™ of ¥13.49.
GuruFocus considers TBEA Co to be Significantly Overvalued.
Key valuation signals for SHSE:600089:
Return-on-Tangible-Asset: 3.25% (14% above median its 10-year median of 2.86)
GF Value™: ¥13.49 vs. price of ¥20.65 (53.1% above fair value)
Industry Position: 0.9% below the Industrial Products median (#1623 of 3079)
No single metric tells the full story. See the SHSE:600089 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TBEA Co Ltd is a China-based company that offers energy business solutions to service providers. The company distributes electric power transmission and transformation equipment. It provides solutions such as green technology, smart environmental protection, energy equipment for turnkey projects, and system solutions that range from surveying to design, construction, installation, and commissioning, as well as integration of training, operation, and maintenance. It also promotes the construction of green and efficient power grids. The company has a business presence in China and other countries.
77GF Score
Get the complete analysis for SHSE:600089
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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