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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.
Guangdong Guanhao High-Tech CoSHSE:600433 +0.59%56 Return-on-Tangible-Asset is 6.39% as of Mar. 2026, which is 177% above its 10-year median of 2.31. GuruFocus rates SHSE:600433 with a GF Score™ of 56/100 and a GF Value™ of ¥3.43 (Fairly Valued). The stock has 7 warning signs investors should review. Among 287 Forest Products companies, Guangdong Guanhao High-Tech Co ranks worse than 66.2% on this metric.
The historical rank and industry rank for Guangdong Guanhao High-Tech Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:600433'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2.76 Med: 2.31 Max: 4.97
Current: -1.11
During the past 13 years, Guangdong Guanhao High-Tech Co's highest Return-on-Tangible-Asset was 4.97%. The lowest was -2.76%. And the median was 2.31%.
SHSE:600433's Return-on-Tangible-Asset is ranked worse than 66.2% of 287
companies
in the Forest Products industry
Industry Median: 0.99
vs SHSE:600433: -1.11
Guangdong Guanhao High-Tech Co (SHSE:600433) 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.
Guangdong Guanhao High-Tech Co Return-on-Tangible-Asset Related Terms
Guangdong Guanhao High-Tech 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.
Guangdong Guanhao High-Tech Co Return-on-Tangible-Asset Chart
Guangdong Guanhao High-Tech Co Return-on-Tangible-Asset Competitor Comparison
For the Paper & Paper Products subindustry, Guangdong Guanhao High-Tech 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.
Guangdong Guanhao High-Tech Co Return-on-Tangible-Asset vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Guangdong Guanhao High-Tech Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Guangdong Guanhao High-Tech 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 6.39% mean?
Guangdong Guanhao High-Tech Co (SHSE:600433) has a Return-on-Tangible-Asset of 6.39% 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 Guangdong Guanhao High-Tech Co and its competitors. This is 177% above median its historical median of 2.31. According to the industry distribution chart, Guangdong Guanhao High-Tech Co ranks #190 out of 287 companies in the Forest Products industry, placing it in the top 66.2%.
Is Guangdong Guanhao High-Tech Co's Return-on-Tangible-Asset too high?
Guangdong Guanhao High-Tech Co's current Return-on-Tangible-Asset of 6.39% is 177% above median its 10-year median of 2.31. The Forest Products industry median Return-on-Tangible-Asset is 0.99. Guangdong Guanhao High-Tech Co's value of 6.39% is 545.5% above this industry median. Based on the distribution chart, Guangdong Guanhao High-Tech Co ranks #190 out of 287 companies in the Forest Products industry, which is below the industry midpoint. Overall, Guangdong Guanhao High-Tech Co has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Guangdong Guanhao High-Tech Co's Return-on-Tangible-Asset compare to competitors?
According to the Forest Products industry distribution chart, Guangdong Guanhao High-Tech Co ranks #190 out of 287 companies for Return-on-Tangible-Asset. This places Guangdong Guanhao High-Tech Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 0.99. Guangdong Guanhao High-Tech Co's value of 6.39% is 545.5% above this benchmark. While the company's 10-year median is 2.31 vs. the industry median of 0.99, Guangdong Guanhao High-Tech 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 Forest Products company?
The median Return-on-Tangible-Asset among Forest Products companies is 0.99, based on 287 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. Guangdong Guanhao High-Tech Co's current Return-on-Tangible-Asset of 6.39% is 545.5% 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 Guangdong Guanhao High-Tech Co and its competitors. For the Forest Products industry, the median Return-on-Tangible-Asset is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Guangdong Guanhao High-Tech Co's current Return-on-Tangible-Asset is 6.39%, which is 177% above median its own 10-year median of 2.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Guangdong Guanhao High-Tech Co stock overvalued right now?
Based on GuruFocus' analysis, Guangdong Guanhao High-Tech Co (SHSE:600433) is currently considered Fairly Valued. The stock's GF Value™ is ¥3.43, compared to a current price of ¥3.43 — trading right at its estimated fair value. The current Return-on-Tangible-Asset is 6.39%, which is 177% above median its 10-year median of 2.31 and 545.5% above the Forest Products industry median of 0.99. Guangdong Guanhao High-Tech Co's overall GF Score™ is 56/100 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 Guangdong Guanhao High-Tech Co (SHSE:600433), the current Return-on-Tangible-Asset is 6.39% 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 Guangdong Guanhao High-Tech Co (SHSE:600433) Overvalued in 2026?
Based on GuruFocus' analysis, Guangdong Guanhao High-Tech Co stock appears to be undervalued.
The current stock price of ¥3.43 is trading 0% below its estimated GF Value™ of ¥3.43.
GuruFocus considers Guangdong Guanhao High-Tech Co to be Fairly Valued.
Key valuation signals for SHSE:600433:
Return-on-Tangible-Asset: 6.39% (177% above median its 10-year median of 2.31)
GF Value™: ¥3.43 vs. price of ¥3.43 (0% below fair value)
Industry Position: 545.5% above the Forest Products median (#190 of 287)
No single metric tells the full story. See the SHSE:600433 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Guangdong Guanhao High-Tech Co Ltd is a China-based company engages in the paper production business. Its products include common carbonless copy paper, special purpose carbonless copy paper and other carbonless copy paper. Its thermal paper products are mainly used in the manufacturing of bills, tags, fax materials and others.
56GF Score
Get the complete analysis for SHSE:600433
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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