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Chongqing Road & Bridge CoSHSE:600106 -0.69%67 Return-on-Tangible-Asset is 1.50% as of Mar. 2026, which is 57% below its 10-year median of 3.47. GuruFocus rates SHSE:600106 with a GF Score™ of 67/100 and a GF Value™ of ¥5.31 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,787 Construction companies, Chongqing Road & Bridge Co ranks worse than 63.79% 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. Chongqing Road & Bridge Co's annualizedNet Income for the quarter that ended in Mar. 2026 was ¥106.2 Mil. Chongqing Road & Bridge Co's average total tangible assets for the quarter that ended in Mar. 2026 was ¥7,060.3 Mil. Therefore, Chongqing Road & Bridge Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 1.50%.
The historical rank and industry rank for Chongqing Road & Bridge Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:600106'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.2 Med: 3.47 Max: 4.17
Current: 1.2
During the past 13 years, Chongqing Road & Bridge Co's highest Return-on-Tangible-Asset was 4.17%. The lowest was 1.20%. And the median was 3.47%.
SHSE:600106's Return-on-Tangible-Asset is ranked worse than 63.79% of 1787
companies
in the Construction industry
Industry Median: 3.08
vs SHSE:600106: 1.20
Chongqing Road & Bridge Co (SHSE:600106) 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.
Chongqing Road & Bridge Co Return-on-Tangible-Asset Related Terms
Chongqing Road & Bridge 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.
Chongqing Road & Bridge Co Return-on-Tangible-Asset Chart
Chongqing Road & Bridge Co Return-on-Tangible-Asset Competitor Comparison
For the Infrastructure Operations subindustry, Chongqing Road & Bridge 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.
Chongqing Road & Bridge Co Return-on-Tangible-Asset vs Construction Industry
For the Construction industry and Industrials sector, Chongqing Road & Bridge Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Chongqing Road & Bridge 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 1.50% mean?
Chongqing Road & Bridge Co (SHSE:600106) has a Return-on-Tangible-Asset of 1.50% 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 Chongqing Road & Bridge Co and its competitors. This is 57% below median its historical median of 3.47. Over the past decade, Chongqing Road & Bridge Co's Return-on-Tangible-Asset has ranged from 1.20 to 4.17. According to the industry distribution chart, Chongqing Road & Bridge Co ranks #1140 out of 1787 companies in the Construction industry, placing it in the top 63.8%.
Is Chongqing Road & Bridge Co's Return-on-Tangible-Asset too high?
Chongqing Road & Bridge Co's current Return-on-Tangible-Asset of 1.50% is 57% below median its 10-year median of 3.47. Over the past 10 years, this metric has ranged from a low of 1.20 to a high of 4.17. The Construction industry median Return-on-Tangible-Asset is 3.08. Chongqing Road & Bridge Co's value of 1.50% is 51.3% below this industry median. Based on the distribution chart, Chongqing Road & Bridge Co ranks #1140 out of 1787 companies in the Construction industry, which is below the industry midpoint. Overall, Chongqing Road & Bridge Co has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Chongqing Road & Bridge Co's Return-on-Tangible-Asset compare to competitors?
According to the Construction industry distribution chart, Chongqing Road & Bridge Co ranks #1140 out of 1787 companies for Return-on-Tangible-Asset. This places Chongqing Road & Bridge Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.08. Chongqing Road & Bridge Co's value of 1.50% is 51.3% below this benchmark. Historically, Chongqing Road & Bridge Co's own Return-on-Tangible-Asset has ranged from 1.20 to 4.17 over the past decade. While the company's 10-year median is 3.47 vs. the industry median of 3.08, Chongqing Road & Bridge 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 a Construction company?
The median Return-on-Tangible-Asset among Construction companies is 3.08, based on 1,787 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. Chongqing Road & Bridge Co's current Return-on-Tangible-Asset of 1.50% is 51.3% 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 Chongqing Road & Bridge Co and its competitors. For the Construction industry, the median Return-on-Tangible-Asset is 3.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chongqing Road & Bridge Co's current Return-on-Tangible-Asset is 1.50%, which is 57% below median its own 10-year median of 3.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chongqing Road & Bridge Co stock overvalued right now?
Based on GuruFocus' analysis, Chongqing Road & Bridge Co (SHSE:600106) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥5.31, compared to a current price of ¥4.29 — trading 19.2% below its estimated fair value. The current Return-on-Tangible-Asset is 1.50%, which is 57% below median its 10-year median of 3.47 and 51.3% below the Construction industry median of 3.08. Chongqing Road & Bridge Co's overall GF Score™ is 67/100 with 5 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 Chongqing Road & Bridge Co (SHSE:600106), the current Return-on-Tangible-Asset is 1.50% 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 Chongqing Road & Bridge Co (SHSE:600106) Overvalued in 2026?
Based on GuruFocus' analysis, Chongqing Road & Bridge Co stock appears to be undervalued.
The current stock price of ¥4.29 is trading 19.2% below its estimated GF Value™ of ¥5.31.
GuruFocus considers Chongqing Road & Bridge Co to be Modestly Undervalued.
Key valuation signals for SHSE:600106:
Return-on-Tangible-Asset: 1.50% (57% below median its 10-year median of 3.47)
GF Value™: ¥5.31 vs. price of ¥4.29 (19.2% below fair value)
Industry Position: 51.3% below the Construction median (#1140 of 1787)
No single metric tells the full story. See the SHSE:600106 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chongqing Road & Bridge Co Ltd is engaged in the Construction, maintenance, operation and management of the Chongqing Niujiaotuo Jialing River Bridge and the Yangtze River Shibanpo Bridge; development of residential communities; operation, maintenance and management of the Jialing River Shimen Bridge and the Nanshan Tourist Highway.
67GF Score
Get the complete analysis for SHSE:600106
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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