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Avic Heavy Machinery CoSHSE:600765 -1.33%69 Return-on-Tangible-Asset is 2.08% as of Mar. 2026, which is 10% below its 10-year median of 2.30. GuruFocus rates SHSE:600765 with a GF Score™ of 69/100 and a GF Value™ of ¥17.27 (Modestly Undervalued). The stock has 10 warning signs investors should review. Among 3,077 Industrial Products companies, Avic Heavy Machinery Co ranks worse than 60.84% 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. Avic Heavy Machinery Co's annualizedNet Income for the quarter that ended in Mar. 2026 was ¥632 Mil. Avic Heavy Machinery Co's average total tangible assets for the quarter that ended in Mar. 2026 was ¥30,366 Mil. Therefore, Avic Heavy Machinery Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 2.08%.
The historical rank and industry rank for Avic Heavy Machinery Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:600765'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.3 Med: 2.3 Max: 5.99
Current: 1.87
During the past 13 years, Avic Heavy Machinery Co's highest Return-on-Tangible-Asset was 5.99%. The lowest was 1.30%. And the median was 2.30%.
SHSE:600765's Return-on-Tangible-Asset is ranked worse than 60.84% of 3077
companies
in the Industrial Products industry
Industry Median: 3.26
vs SHSE:600765: 1.87
Avic Heavy Machinery Co (SHSE:600765) 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.
Avic Heavy Machinery Co Return-on-Tangible-Asset Related Terms
Avic Heavy Machinery Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Avic Heavy Machinery 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.
Avic Heavy Machinery Co Return-on-Tangible-Asset Chart
SHSE:600765 vs GEV, ETN, PH: Return-on-Tangible-Asset Comparison
For the Specialty Industrial Machinery subindustry, Avic Heavy Machinery 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.
Avic Heavy Machinery Co Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Avic Heavy Machinery Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Avic Heavy Machinery 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 2.08% mean?
Avic Heavy Machinery Co (SHSE:600765) has a Return-on-Tangible-Asset of 2.08% 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 Avic Heavy Machinery Co and its competitors. This is 10% below median its historical median of 2.30. Over the past decade, Avic Heavy Machinery Co's Return-on-Tangible-Asset has ranged from 1.30 to 5.99. According to the industry distribution chart, Avic Heavy Machinery Co ranks #1872 out of 3077 companies in the Industrial Products industry, placing it in the top 60.8%.
Is Avic Heavy Machinery Co's Return-on-Tangible-Asset too high?
Avic Heavy Machinery Co's current Return-on-Tangible-Asset of 2.08% is 10% below median its 10-year median of 2.30. Over the past 10 years, this metric has ranged from a low of 1.30 to a high of 5.99. The Industrial Products industry median Return-on-Tangible-Asset is 3.26. Avic Heavy Machinery Co's value of 2.08% is 36.2% below this industry median. Based on the distribution chart, Avic Heavy Machinery Co ranks #1872 out of 3077 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Avic Heavy Machinery Co has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Avic Heavy Machinery Co's Return-on-Tangible-Asset compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Avic Heavy Machinery Co ranks #1872 out of 3077 companies for Return-on-Tangible-Asset. This places Avic Heavy Machinery Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.26. Avic Heavy Machinery Co's value of 2.08% is 36.2% below this benchmark. Historically, Avic Heavy Machinery Co's own Return-on-Tangible-Asset has ranged from 1.30 to 5.99 over the past decade. While the company's 10-year median is 2.30 vs. the industry median of 3.26, Avic Heavy Machinery 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 an Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.26, based on 3,077 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. Avic Heavy Machinery Co's current Return-on-Tangible-Asset of 2.08% is 36.2% 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 Avic Heavy Machinery Co and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Avic Heavy Machinery Co's current Return-on-Tangible-Asset is 2.08%, which is 10% below median its own 10-year median of 2.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Avic Heavy Machinery Co stock overvalued right now?
Based on GuruFocus' analysis, Avic Heavy Machinery Co (SHSE:600765) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥17.27, compared to a current price of ¥13.37 — trading 22.6% below its estimated fair value. The current Return-on-Tangible-Asset is 2.08%, which is 10% below median its 10-year median of 2.30 and 36.2% below the Industrial Products industry median of 3.26. Avic Heavy Machinery Co's overall GF Score™ is 69/100 with 10 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 Avic Heavy Machinery Co (SHSE:600765), the current Return-on-Tangible-Asset is 2.08% 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 Avic Heavy Machinery Co (SHSE:600765) Overvalued in 2026?
Based on GuruFocus' analysis, Avic Heavy Machinery Co stock appears to be undervalued.
The current stock price of ¥13.37 is trading 22.6% below its estimated GF Value™ of ¥17.27.
GuruFocus considers Avic Heavy Machinery Co to be Modestly Undervalued.
Key valuation signals for SHSE:600765:
Return-on-Tangible-Asset: 2.08% (10% below median its 10-year median of 2.30)
GF Value™: ¥17.27 vs. price of ¥13.37 (22.6% below fair value)
Industry Position: 36.2% below the Industrial Products median (#1872 of 3077)
No single metric tells the full story. See the SHSE:600765 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Avic Heavy Machinery Co Ltd is a China-based company engaged in the development, production, and sale of both military and civilian-used high-end equipment. It manufactures hydraulic parts, hydraulic systems, forging products, heat exchangers and gas turbines in China. The company operates in the business areas of Forging business, Hydraulic business, and New energy business. In the Forging business, the company mainly produces die forgings, free forgings, isothermal forgings and rings of different materials. In Hydraulic business, the main products are various types of heat exchangers, high-speed rotating machinery (turbine, pumps, fans), oil tanks, cooling devices, high-temperature insulation components.
69GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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