Lushang Freda Pharmaceutical Co (SHSE:600223) Return-on-Tangible-Asset: 2.31% (As of Mar. 2026) — 267% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SHSE:600223 Lushang Freda Pharmaceutical Co Ltd SHSE:600223
73 GF Score
Price ¥5.54
GF Value ¥6.58
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Lushang Freda Pharmaceutical Co Return-on-Tangible-Asset?

Lushang Freda Pharmaceutical Co SHSE:600223 -1.42% 73 Return-on-Tangible-Asset is 2.31% as of Mar. 2026, which is 267% above its 10-year median of 0.63. GuruFocus rates SHSE:600223 with a GF Score™ of 73/100 and a GF Value™ of ¥6.58 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,803 Real Estate companies, Lushang Freda Pharmaceutical Co ranks better than 61.67% 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. Lushang Freda Pharmaceutical Co's annualized Net Income for the quarter that ended in Mar. 2026 was ¥128 Mil. Lushang Freda Pharmaceutical Co's average total tangible assets for the quarter that ended in Mar. 2026 was ¥5,530 Mil. Therefore, Lushang Freda Pharmaceutical Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 2.31%.

The historical rank and industry rank for Lushang Freda Pharmaceutical Co's Return-on-Tangible-Asset or its related term are showing as below:

SHSE:600223' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.08   Med: 0.63   Max: 3.71
Current: 3.03

During the past 13 years, Lushang Freda Pharmaceutical Co's highest Return-on-Tangible-Asset was 3.71%. The lowest was 0.08%. And the median was 0.63%.

SHSE:600223's Return-on-Tangible-Asset is ranked better than
61.67% of 1803 companies
in the Real Estate industry
Industry Median: 1.9 vs SHSE:600223: 3.03

Lushang Freda Pharmaceutical Co  (SHSE:600223) 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 company’s 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 company’s 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.


Lushang Freda Pharmaceutical Co Return-on-Tangible-Asset Related Terms


Lushang Freda Pharmaceutical Co Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Lushang Freda Pharmaceutical 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.

Lushang Freda Pharmaceutical Co Return-on-Tangible-Asset Chart

Lushang Freda Pharmaceutical Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.59 0.08 0.93 3.71 3.37

Lushang Freda Pharmaceutical Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.58 4.03 2.42 3.35 2.31

Lushang Freda Pharmaceutical Co Return-on-Tangible-Asset Competitor Comparison

For the Real Estate - Development subindustry, Lushang Freda Pharmaceutical 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.


Lushang Freda Pharmaceutical Co Return-on-Tangible-Asset vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Lushang Freda Pharmaceutical Co's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Lushang Freda Pharmaceutical Co's Return-on-Tangible-Asset falls into.


SHSE:600223
73GF Score
Lushang Freda Pharmaceutical Co Ltd SHSE:600223
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lushang Freda Pharmaceutical Co Return-on-Tangible-Asset Calculation

Lushang Freda Pharmaceutical Co's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=187.752/( (5643.18+5495.373)/ 2 )
=187.752/5569.2765
=3.37 %

Lushang Freda Pharmaceutical Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=127.588/( (5495.373+5564.714)/ 2 )
=127.588/5530.0435
=2.31 %

* 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 2.31% mean?
Lushang Freda Pharmaceutical Co (SHSE:600223) has a Return-on-Tangible-Asset of 2.31% 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 Lushang Freda Pharmaceutical Co and its competitors. This is 267% above median its historical median of 0.63. Over the past decade, Lushang Freda Pharmaceutical Co's Return-on-Tangible-Asset has ranged from 0.08 to 3.71. According to the industry distribution chart, Lushang Freda Pharmaceutical Co ranks #691 out of 1803 companies in the Real Estate industry, placing it in the top 38.3%.
Is Lushang Freda Pharmaceutical Co's Return-on-Tangible-Asset too high?
Lushang Freda Pharmaceutical Co's current Return-on-Tangible-Asset of 2.31% is 267% above median its 10-year median of 0.63. Over the past 10 years, this metric has ranged from a low of 0.08 to a high of 3.71. The Real Estate industry median Return-on-Tangible-Asset is 1.90. Lushang Freda Pharmaceutical Co's value of 2.31% is 21.6% above this industry median. Based on the distribution chart, Lushang Freda Pharmaceutical Co ranks #691 out of 1803 companies in the Real Estate industry, which is above the industry midpoint. Overall, Lushang Freda Pharmaceutical Co has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lushang Freda Pharmaceutical Co's Return-on-Tangible-Asset compare to competitors?
According to the Real Estate industry distribution chart, Lushang Freda Pharmaceutical Co ranks #691 out of 1803 companies for Return-on-Tangible-Asset. This puts Lushang Freda Pharmaceutical Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 1.90. Lushang Freda Pharmaceutical Co's value of 2.31% is 21.6% above this benchmark. Historically, Lushang Freda Pharmaceutical Co's own Return-on-Tangible-Asset has ranged from 0.08 to 3.71 over the past decade. While the company's 10-year median is 0.63 vs. the industry median of 1.90, Lushang Freda Pharmaceutical 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 Real Estate company?
The median Return-on-Tangible-Asset among Real Estate companies is 1.90, based on 1,803 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. Lushang Freda Pharmaceutical Co's current Return-on-Tangible-Asset of 2.31% is 21.6% 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 Lushang Freda Pharmaceutical Co and its competitors. For the Real Estate industry, the median Return-on-Tangible-Asset is 1.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lushang Freda Pharmaceutical Co's current Return-on-Tangible-Asset is 2.31%, which is 267% above median its own 10-year median of 0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lushang Freda Pharmaceutical Co stock overvalued right now?
Based on GuruFocus' analysis, Lushang Freda Pharmaceutical Co (SHSE:600223) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥6.58, compared to a current price of ¥5.54 — trading 15.8% below its estimated fair value. The current Return-on-Tangible-Asset is 2.31%, which is 267% above median its 10-year median of 0.63 and 21.6% above the Real Estate industry median of 1.90. Lushang Freda Pharmaceutical Co's overall GF Score™ is 73/100 with 2 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 Lushang Freda Pharmaceutical Co (SHSE:600223), the current Return-on-Tangible-Asset is 2.31% 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 Lushang Freda Pharmaceutical Co (SHSE:600223) Overvalued in 2026?

Based on GuruFocus' analysis, Lushang Freda Pharmaceutical Co stock appears to be undervalued. The current stock price of ¥5.54 is trading 15.8% below its estimated GF Value™ of ¥6.58. GuruFocus considers Lushang Freda Pharmaceutical Co to be Modestly Undervalued.

Key valuation signals for SHSE:600223:

  • Return-on-Tangible-Asset: 2.31% (267% above median its 10-year median of 0.63)
  • GF Value™: ¥6.58 vs. price of ¥5.54 (15.8% below fair value)
  • GF Score™: 73/100 with 2 warning signs
  • Industry Position: 21.6% above the Real Estate median (#691 of 1803)

No single metric tells the full story. See the SHSE:600223 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Lushang Freda Pharmaceutical Co Business Description

Address No. 9777 Jingshi Road, Building 5, Lixia District, Jinan City, CHN
Lushang Freda Pharmaceutical Co Ltd formerly Lushang Health Industry Development Co Ltd is a real estate developer in China. The company is engaged in the development of office buildings, infrastructure, apartments, and hotels.
73GF Score

Get the complete analysis for SHSE:600223

Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥5.54
Price
¥6.58
GF Value