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.
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.
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. Leshan Electric Power Co's annualizedNet Income for the quarter that ended in Mar. 2026 was ¥-7 Mil. Leshan Electric Power Co's average total tangible assets for the quarter that ended in Mar. 2026 was ¥4,446 Mil. Therefore, Leshan Electric Power Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -0.16%.
The historical rank and industry rank for Leshan Electric Power Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:600644'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.52 Med: 2.24 Max: 9.19
Current: 0.52
During the past 13 years, Leshan Electric Power Co's highest Return-on-Tangible-Asset was 9.19%. The lowest was 0.52%. And the median was 2.24%.
SHSE:600644's Return-on-Tangible-Asset is ranked worse than 83.33% of 510
companies
in the Utilities - Regulated industry
Industry Median: 3.305
vs SHSE:600644: 0.52
Leshan Electric Power Co (SHSE:600644) 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.
Leshan Electric Power Co Return-on-Tangible-Asset Related Terms
Leshan Electric Power Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Leshan Electric Power 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.
Leshan Electric Power Co Return-on-Tangible-Asset Chart
SHSE:600644 vs NEE, SO, DUK: Return-on-Tangible-Asset Comparison
For the Utilities - Regulated Electric subindustry, Leshan Electric Power 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.
Leshan Electric Power Co Return-on-Tangible-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Leshan Electric Power Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Leshan Electric Power 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 -0.16% mean?
Leshan Electric Power Co (SHSE:600644) has a Return-on-Tangible-Asset of -0.16% 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 Leshan Electric Power Co and its competitors. Over the past decade, Leshan Electric Power Co's Return-on-Tangible-Asset has ranged from 0.52 to 9.19. According to the industry distribution chart, Leshan Electric Power Co ranks #425 out of 510 companies in the Utilities - Regulated industry, placing it in the top 83.3%.
Is Leshan Electric Power Co's Return-on-Tangible-Asset too high?
Leshan Electric Power Co's current Return-on-Tangible-Asset is -0.16%. Over the past 10 years, this metric has ranged from a low of 0.52 to a high of 9.19. Based on the distribution chart, Leshan Electric Power Co ranks #425 out of 510 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Leshan Electric Power Co has a GF Score™ of 51/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Leshan Electric Power Co's Return-on-Tangible-Asset compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Leshan Electric Power Co ranks #425 out of 510 companies for Return-on-Tangible-Asset. This places Leshan Electric Power Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.31. Historically, Leshan Electric Power Co's own Return-on-Tangible-Asset has ranged from 0.52 to 9.19 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 an Utilities - Regulated company?
The median Return-on-Tangible-Asset among Utilities - Regulated companies is 3.31, based on 510 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 Leshan Electric Power Co and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Asset is 3.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Leshan Electric Power Co's current Return-on-Tangible-Asset is -0.16%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Leshan Electric Power Co stock overvalued right now?
Based on GuruFocus' analysis, Leshan Electric Power Co (SHSE:600644) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥7.51, compared to a current price of ¥9.01 — trading 20% above its estimated fair value. The current Return-on-Tangible-Asset is -0.16%. Leshan Electric Power Co's overall GF Score™ is 51/100 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 Leshan Electric Power Co (SHSE:600644), the current Return-on-Tangible-Asset is -0.16% 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 Leshan Electric Power Co (SHSE:600644) Overvalued in 2026?
Based on GuruFocus' analysis, Leshan Electric Power Co stock appears to be overvalued.
The current stock price of ¥9.01 is trading 20% above its estimated GF Value™ of ¥7.51.
GuruFocus considers Leshan Electric Power Co to be Modestly Overvalued.
Key valuation signals for SHSE:600644:
Return-on-Tangible-Asset: -0.16%
GF Value™: ¥7.51 vs. price of ¥9.01 (20% above fair value)
No single metric tells the full story. See the SHSE:600644 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Leshan Electric Power Co Ltd is an electric power company. The company is engaged in covering power, natural gas, tap water and hotels, photovoltaic new energy and other fields.
51GF Score
Get the complete analysis for SHSE:600644
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SHSE:600644 has been successfully added to your 
