Jiangxi Ganyue Expressway Co (SHSE:600269) Return-on-Tangible-Asset: -0.70% (As of Jun. 2026)

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:600269 Jiangxi Ganyue Expressway Co Ltd SHSE:600269
58 GF Score
Price ¥3.78
GF Value ¥4.15
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Jiangxi Ganyue Expressway Co Return-on-Tangible-Asset?

Jiangxi Ganyue Expressway Co SHSE:600269 +0.53% 58 Return-on-Tangible-Asset is -0.70% as of Jun. 2026. GuruFocus rates SHSE:600269 with a GF Score™ of 58/100 and a GF Value™ of ¥4.15 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,787 Construction companies, Jiangxi Ganyue Expressway Co ranks worse than 57.69% 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. Jiangxi Ganyue Expressway Co's annualized Net Income for the quarter that ended in Jun. 2026 was ¥-269 Mil. Jiangxi Ganyue Expressway Co's average total tangible assets for the quarter that ended in Jun. 2026 was ¥38,664 Mil. Therefore, Jiangxi Ganyue Expressway Co's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was -0.70%.

The historical rank and industry rank for Jiangxi Ganyue Expressway Co's Return-on-Tangible-Asset or its related term are showing as below:

SHSE:600269' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.5   Med: 3.29   Max: 3.51
Current: 1.9

During the past 13 years, Jiangxi Ganyue Expressway Co's highest Return-on-Tangible-Asset was 3.51%. The lowest was 1.50%. And the median was 3.29%.

SHSE:600269's Return-on-Tangible-Asset is ranked worse than
57.69% of 1787 companies
in the Construction industry
Industry Median: 3.08 vs SHSE:600269: 1.90

Jiangxi Ganyue Expressway Co  (SHSE:600269) 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.


Jiangxi Ganyue Expressway Co Return-on-Tangible-Asset Related Terms


Jiangxi Ganyue Expressway Co Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Jiangxi Ganyue Expressway 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.

Jiangxi Ganyue Expressway Co Return-on-Tangible-Asset Chart

Jiangxi Ganyue Expressway 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 2.54 2.01 3.35 3.51 3.43

Jiangxi Ganyue Expressway Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 3.62 9.18 -3.68 2.85 -0.70

Jiangxi Ganyue Expressway Co Return-on-Tangible-Asset Competitor Comparison

For the Infrastructure Operations subindustry, Jiangxi Ganyue Expressway 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.


Jiangxi Ganyue Expressway Co Return-on-Tangible-Asset vs Construction Industry

For the Construction industry and Industrials sector, Jiangxi Ganyue Expressway Co's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Jiangxi Ganyue Expressway Co's Return-on-Tangible-Asset falls into.


SHSE:600269
58GF Score
Jiangxi Ganyue Expressway Co Ltd SHSE:600269
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Jiangxi Ganyue Expressway Co Return-on-Tangible-Asset Calculation

Jiangxi Ganyue Expressway 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 )
=1279.547/( (37072.751+37596.348)/ 2 )
=1279.547/37334.5495
=3.43 %

Jiangxi Ganyue Expressway Co's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jun. 2026 )  (Q: Mar. 2026 )(Q: Jun. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jun. 2026 )  (Q: Mar. 2026 )(Q: Jun. 2026 )
=-268.96/( (39467.736+37861.158)/ 2 )
=-268.96/38664.447
=-0.70 %

* 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 (Jun. 2026) net income data.

What does a Return-on-Tangible-Asset of -0.70% mean?
Jiangxi Ganyue Expressway Co (SHSE:600269) has a Return-on-Tangible-Asset of -0.70% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Jiangxi Ganyue Expressway Co and its competitors. Over the past decade, Jiangxi Ganyue Expressway Co's Return-on-Tangible-Asset has ranged from 1.50 to 3.51. According to the industry distribution chart, Jiangxi Ganyue Expressway Co ranks #1031 out of 1787 companies in the Construction industry, placing it in the top 57.7%.
Is Jiangxi Ganyue Expressway Co's Return-on-Tangible-Asset too high?
Jiangxi Ganyue Expressway Co's current Return-on-Tangible-Asset is -0.70%. Over the past 10 years, this metric has ranged from a low of 1.50 to a high of 3.51. Based on the distribution chart, Jiangxi Ganyue Expressway Co ranks #1031 out of 1787 companies in the Construction industry, which is below the industry midpoint. Overall, Jiangxi Ganyue Expressway Co has a GF Score™ of 58/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Jiangxi Ganyue Expressway Co's Return-on-Tangible-Asset compare to competitors?
According to the Construction industry distribution chart, Jiangxi Ganyue Expressway Co ranks #1031 out of 1787 companies for Return-on-Tangible-Asset. This places Jiangxi Ganyue Expressway Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.08. Historically, Jiangxi Ganyue Expressway Co's own Return-on-Tangible-Asset has ranged from 1.50 to 3.51 over the past decade. 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. 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 Jiangxi Ganyue Expressway 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. Jiangxi Ganyue Expressway Co's current Return-on-Tangible-Asset is -0.70%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jiangxi Ganyue Expressway Co stock overvalued right now?
Based on GuruFocus' analysis, Jiangxi Ganyue Expressway Co (SHSE:600269) is currently considered Fairly Valued. The stock's GF Value™ is ¥4.15, compared to a current price of ¥3.78 — trading 8.9% below its estimated fair value. The current Return-on-Tangible-Asset is -0.70%. Jiangxi Ganyue Expressway Co's overall GF Score™ is 58/100 with 4 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 Jiangxi Ganyue Expressway Co (SHSE:600269), the current Return-on-Tangible-Asset is -0.70% as of Jun. 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 Jiangxi Ganyue Expressway Co (SHSE:600269) Overvalued in 2026?

Based on GuruFocus' analysis, Jiangxi Ganyue Expressway Co stock appears to be undervalued. The current stock price of ¥3.78 is trading 8.9% below its estimated GF Value™ of ¥4.15. GuruFocus considers Jiangxi Ganyue Expressway Co to be Fairly Valued.

Key valuation signals for SHSE:600269:

  • Return-on-Tangible-Asset: -0.70%
  • GF Value™: ¥4.15 vs. price of ¥3.78 (8.9% below fair value)
  • GF Score™: 58/100 with 4 warning signs

No single metric tells the full story. See the SHSE:600269 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Jiangxi Ganyue Expressway Co Business Description

Address No. 199, Torch Street, Yanneng Building, igh-tech Development Zone, Jiangxi, Nanchang, CHN, 330025
Jiangxi Ganyue Expressway Co Ltd is a Chinese company engaged in the investment, construction, operation, and management of toll highways and roads.
58GF Score

Get the complete analysis for SHSE:600269

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

¥3.78
Price
¥4.15
GF Value