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Inner Mongolia Mengdian Huaneng Thermal PowerSHSE:600863 -3.19%77 Return-on-Tangible-Asset is 6.08% as of Mar. 2026, which is 159% above its 10-year median of 2.35. GuruFocus rates SHSE:600863 with a GF Score™ of 77/100 and a GF Value™ of ¥3.70 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 457 Utilities - Independent Power Producers companies, Inner Mongolia Mengdian Huaneng Thermal Power ranks better than 78.77% on this metric.
SHSE:600863's Return-on-Tangible-Asset is ranked better than 78.77% of 457
companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.1
vs SHSE:600863: 5.57
Inner Mongolia Mengdian Huaneng Thermal Power (SHSE:600863) 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.
Inner Mongolia Mengdian Huaneng Thermal Power Return-on-Tangible-Asset Related Terms
Inner Mongolia Mengdian Huaneng Thermal Power 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.
Inner Mongolia Mengdian Huaneng Thermal Power Return-on-Tangible-Asset Chart
Inner Mongolia Mengdian Huaneng Thermal Power Annual Data
SHSE:600863 vs CEG, VST, NRG: Return-on-Tangible-Asset Comparison
For the Utilities - Independent Power Producers subindustry, Inner Mongolia Mengdian Huaneng Thermal Power'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.
Inner Mongolia Mengdian Huaneng Thermal Power Return-on-Tangible-Asset vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Inner Mongolia Mengdian Huaneng Thermal Power's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Inner Mongolia Mengdian Huaneng Thermal Power'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 6.08% mean?
Inner Mongolia Mengdian Huaneng Thermal Power (SHSE:600863) has a Return-on-Tangible-Asset of 6.08% 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 Inner Mongolia Mengdian Huaneng Thermal Power and its competitors. This is 159% above median its historical median of 2.35. Over the past decade, Inner Mongolia Mengdian Huaneng Thermal Power's Return-on-Tangible-Asset has ranged from 1.04 to 7.10. According to the industry distribution chart, Inner Mongolia Mengdian Huaneng Thermal Power ranks #97 out of 457 companies in the Utilities - Independent Power Producers industry, placing it in the top 21.2%.
Is Inner Mongolia Mengdian Huaneng Thermal Power's Return-on-Tangible-Asset too high?
Inner Mongolia Mengdian Huaneng Thermal Power's current Return-on-Tangible-Asset of 6.08% is 159% above median its 10-year median of 2.35. Over the past 10 years, this metric has ranged from a low of 1.04 to a high of 7.10. The Utilities - Independent Power Producers industry median Return-on-Tangible-Asset is 1.10. Inner Mongolia Mengdian Huaneng Thermal Power's value of 6.08% is 452.7% above this industry median. Based on the distribution chart, Inner Mongolia Mengdian Huaneng Thermal Power ranks #97 out of 457 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Inner Mongolia Mengdian Huaneng Thermal Power has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Inner Mongolia Mengdian Huaneng Thermal Power's Return-on-Tangible-Asset compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Inner Mongolia Mengdian Huaneng Thermal Power ranks #97 out of 457 companies for Return-on-Tangible-Asset. This places Inner Mongolia Mengdian Huaneng Thermal Power in the top 21% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.10. Inner Mongolia Mengdian Huaneng Thermal Power's value of 6.08% is 452.7% above this benchmark. Historically, Inner Mongolia Mengdian Huaneng Thermal Power's own Return-on-Tangible-Asset has ranged from 1.04 to 7.10 over the past decade. While the company's 10-year median is 2.35 vs. the industry median of 1.10, Inner Mongolia Mengdian Huaneng Thermal Power 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 an Utilities - Independent Power Producers company?
The median Return-on-Tangible-Asset among Utilities - Independent Power Producers companies is 1.10, based on 457 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. Inner Mongolia Mengdian Huaneng Thermal Power's current Return-on-Tangible-Asset of 6.08% is 452.7% 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 Inner Mongolia Mengdian Huaneng Thermal Power and its competitors. For the Utilities - Independent Power Producers industry, the median Return-on-Tangible-Asset is 1.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Inner Mongolia Mengdian Huaneng Thermal Power's current Return-on-Tangible-Asset is 6.08%, which is 159% above median its own 10-year median of 2.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Inner Mongolia Mengdian Huaneng Thermal Power stock overvalued right now?
Based on GuruFocus' analysis, Inner Mongolia Mengdian Huaneng Thermal Power (SHSE:600863) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥3.70, compared to a current price of ¥4.85 — trading 31.1% above its estimated fair value. The current Return-on-Tangible-Asset is 6.08%, which is 159% above median its 10-year median of 2.35 and 452.7% above the Utilities - Independent Power Producers industry median of 1.10. Inner Mongolia Mengdian Huaneng Thermal Power's overall GF Score™ is 77/100 with 3 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 Inner Mongolia Mengdian Huaneng Thermal Power (SHSE:600863), the current Return-on-Tangible-Asset is 6.08% 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 Inner Mongolia Mengdian Huaneng Thermal Power (SHSE:600863) Overvalued in 2026?
Based on GuruFocus' analysis, Inner Mongolia Mengdian Huaneng Thermal Power stock appears to be overvalued.
The current stock price of ¥4.85 is trading 31.1% above its estimated GF Value™ of ¥3.70.
GuruFocus considers Inner Mongolia Mengdian Huaneng Thermal Power to be Significantly Overvalued.
Key valuation signals for SHSE:600863:
Return-on-Tangible-Asset: 6.08% (159% above median its 10-year median of 2.35)
GF Value™: ¥3.70 vs. price of ¥4.85 (31.1% above fair value)
Industry Position: 452.7% above the Utilities - Independent Power Producers median (#97 of 457)
No single metric tells the full story. See the SHSE:600863 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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