Shanghai No 1 Pharmacy Co (SHSE:600833) Return-on-Tangible-Asset: 4.72% (As of Mar. 2026) — Near 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:600833 Shanghai No 1 Pharmacy Co Ltd SHSE:600833
63 GF Score
Price ¥10.58
GF Value ¥12.75
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Shanghai No 1 Pharmacy Co Return-on-Tangible-Asset?

Shanghai No 1 Pharmacy Co SHSE:600833 -4.17% 63 Return-on-Tangible-Asset is 4.72% as of Mar. 2026, which is 3% above its 10-year median of 4.58. GuruFocus rates SHSE:600833 with a GF Score™ of 63/100 and a GF Value™ of ¥12.75 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 683 Healthcare Providers & Services companies, Shanghai No 1 Pharmacy Co ranks better than 56.81% 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. Shanghai No 1 Pharmacy Co's annualized Net Income for the quarter that ended in Mar. 2026 was ¥93 Mil. Shanghai No 1 Pharmacy Co's average total tangible assets for the quarter that ended in Mar. 2026 was ¥1,970 Mil. Therefore, Shanghai No 1 Pharmacy Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 4.72%.

The historical rank and industry rank for Shanghai No 1 Pharmacy Co's Return-on-Tangible-Asset or its related term are showing as below:

SHSE:600833' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.94   Med: 4.58   Max: 8.74
Current: 3.87

During the past 13 years, Shanghai No 1 Pharmacy Co's highest Return-on-Tangible-Asset was 8.74%. The lowest was 2.94%. And the median was 4.58%.

SHSE:600833's Return-on-Tangible-Asset is ranked better than
56.81% of 683 companies
in the Healthcare Providers & Services industry
Industry Median: 2.43 vs SHSE:600833: 3.87

Shanghai No 1 Pharmacy Co  (SHSE:600833) 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.


Shanghai No 1 Pharmacy Co Return-on-Tangible-Asset Related Terms


Shanghai No 1 Pharmacy Co Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Shanghai No 1 Pharmacy 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.

Shanghai No 1 Pharmacy Co Return-on-Tangible-Asset Chart

Shanghai No 1 Pharmacy 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 3.58 8.74 4.68 8.67 2.94

Shanghai No 1 Pharmacy 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 0.97 1.89 7.92 0.90 4.72

Shanghai No 1 Pharmacy Co Return-on-Tangible-Asset Competitor Comparison

For the Pharmaceutical Retailers subindustry, Shanghai No 1 Pharmacy 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.


Shanghai No 1 Pharmacy Co Return-on-Tangible-Asset vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Shanghai No 1 Pharmacy Co's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Shanghai No 1 Pharmacy Co's Return-on-Tangible-Asset falls into.


SHSE:600833
63GF Score
Shanghai No 1 Pharmacy Co Ltd SHSE:600833
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shanghai No 1 Pharmacy Co Return-on-Tangible-Asset Calculation

Shanghai No 1 Pharmacy 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 )
=57.747/( (1941.128+1984.868)/ 2 )
=57.747/1962.998
=2.94 %

Shanghai No 1 Pharmacy 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 )
=93.052/( (1984.868+1955.159)/ 2 )
=93.052/1970.0135
=4.72 %

* 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 4.72% mean?
Shanghai No 1 Pharmacy Co (SHSE:600833) has a Return-on-Tangible-Asset of 4.72% 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 Shanghai No 1 Pharmacy Co and its competitors. This is near median its historical median of 4.58. Over the past decade, Shanghai No 1 Pharmacy Co's Return-on-Tangible-Asset has ranged from 2.94 to 8.74. According to the industry distribution chart, Shanghai No 1 Pharmacy Co ranks #295 out of 683 companies in the Healthcare Providers & Services industry, placing it in the top 43.2%.
Is Shanghai No 1 Pharmacy Co's Return-on-Tangible-Asset too high?
Shanghai No 1 Pharmacy Co's current Return-on-Tangible-Asset of 4.72% is near median its 10-year median of 4.58. Over the past 10 years, this metric has ranged from a low of 2.94 to a high of 8.74. The Healthcare Providers & Services industry median Return-on-Tangible-Asset is 2.43. Shanghai No 1 Pharmacy Co's value of 4.72% is 94.2% above this industry median. Based on the distribution chart, Shanghai No 1 Pharmacy Co ranks #295 out of 683 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, Shanghai No 1 Pharmacy Co has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai No 1 Pharmacy Co's Return-on-Tangible-Asset compare to competitors?
According to the Healthcare Providers & Services industry distribution chart, Shanghai No 1 Pharmacy Co ranks #295 out of 683 companies for Return-on-Tangible-Asset. This puts Shanghai No 1 Pharmacy Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.43. Shanghai No 1 Pharmacy Co's value of 4.72% is 94.2% above this benchmark. Historically, Shanghai No 1 Pharmacy Co's own Return-on-Tangible-Asset has ranged from 2.94 to 8.74 over the past decade. While the company's 10-year median is 4.58 vs. the industry median of 2.43, Shanghai No 1 Pharmacy 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 Healthcare Providers & Services company?
The median Return-on-Tangible-Asset among Healthcare Providers & Services companies is 2.43, based on 683 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. Shanghai No 1 Pharmacy Co's current Return-on-Tangible-Asset of 4.72% is 94.2% 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 Shanghai No 1 Pharmacy Co and its competitors. For the Healthcare Providers & Services industry, the median Return-on-Tangible-Asset is 2.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai No 1 Pharmacy Co's current Return-on-Tangible-Asset is 4.72%, which is near median its own 10-year median of 4.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai No 1 Pharmacy Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai No 1 Pharmacy Co (SHSE:600833) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥12.75, compared to a current price of ¥10.58 — trading 17% below its estimated fair value. The current Return-on-Tangible-Asset is 4.72%, which is near median its 10-year median of 4.58 and 94.2% above the Healthcare Providers & Services industry median of 2.43. Shanghai No 1 Pharmacy Co's overall GF Score™ is 63/100 with 6 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 Shanghai No 1 Pharmacy Co (SHSE:600833), the current Return-on-Tangible-Asset is 4.72% 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 Shanghai No 1 Pharmacy Co (SHSE:600833) Overvalued in 2026?

Based on GuruFocus' analysis, Shanghai No 1 Pharmacy Co stock appears to be undervalued. The current stock price of ¥10.58 is trading 17% below its estimated GF Value™ of ¥12.75. GuruFocus considers Shanghai No 1 Pharmacy Co to be Modestly Undervalued.

Key valuation signals for SHSE:600833:

  • Return-on-Tangible-Asset: 4.72% (near median its 10-year median of 4.58)
  • GF Value™: ¥12.75 vs. price of ¥10.58 (17% below fair value)
  • GF Score™: 63/100 with 6 warning signs
  • Industry Position: 94.2% above the Healthcare Providers & Services median (#295 of 683)

No single metric tells the full story. See the SHSE:600833 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shanghai No 1 Pharmacy Co Business Description

Address No. 616 Nanjing East Road, Huangpu District, Shanghai, CHN, 200032
Shanghai No 1 Pharmacy Co Ltd is engaged in pharmaceutical retail and wholesale in China. The company's product profile include Lei Shi Pearl Powder, Tongrentang Ejiao Powder, Wanshuntang Yangyin mouth fragrance mixture, and others. It also provides Nourishing health Nutrition, Medical instruments, Rehabilitation care, Contact lens, and others.
63GF Score

Get the complete analysis for SHSE:600833

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

¥10.58
Price
¥12.75
GF Value