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Guangdong Meiyan Jixiang Hydropower CoSHSE:600868 -3.08%66 Return-on-Tangible-Asset is 1.89% as of Jun. 2026, which is 59% above its 10-year median of 1.19. GuruFocus rates SHSE:600868 with a GF Score™ of 66/100 and a GF Value™ of ¥3.50 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 450 Utilities - Independent Power Producers companies, Guangdong Meiyan Jixiang Hydropower Co ranks worse than 76.22% on this metric.
SHSE:600868'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -3.75 Med: 1.19 Max: 4.82
Current: -2.59
During the past 13 years, Guangdong Meiyan Jixiang Hydropower Co's highest Return-on-Tangible-Asset was 4.82%. The lowest was -3.75%. And the median was 1.19%.
SHSE:600868's Return-on-Tangible-Asset is ranked worse than 76.22% of 450
companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.25
vs SHSE:600868: -2.59
Guangdong Meiyan Jixiang Hydropower Co (SHSE:600868) 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 Meiyan Jixiang Hydropower Co Return-on-Tangible-Asset Related Terms
Guangdong Meiyan Jixiang Hydropower 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 Meiyan Jixiang Hydropower Co Return-on-Tangible-Asset Chart
Guangdong Meiyan Jixiang Hydropower Co Annual Data
Guangdong Meiyan Jixiang Hydropower Co Return-on-Tangible-Asset Competitor Comparison
For the Utilities - Renewable subindustry, Guangdong Meiyan Jixiang Hydropower 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 Meiyan Jixiang Hydropower Co Return-on-Tangible-Asset vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Guangdong Meiyan Jixiang Hydropower Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Guangdong Meiyan Jixiang Hydropower 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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 1.89% mean?
Guangdong Meiyan Jixiang Hydropower Co (SHSE:600868) has a Return-on-Tangible-Asset of 1.89% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Guangdong Meiyan Jixiang Hydropower Co and its competitors. This is 59% above median its historical median of 1.19. According to the industry distribution chart, Guangdong Meiyan Jixiang Hydropower Co ranks #343 out of 450 companies in the Utilities - Independent Power Producers industry, placing it in the top 76.2%.
Is Guangdong Meiyan Jixiang Hydropower Co's Return-on-Tangible-Asset too high?
Guangdong Meiyan Jixiang Hydropower Co's current Return-on-Tangible-Asset of 1.89% is 59% above median its 10-year median of 1.19. The Utilities - Independent Power Producers industry median Return-on-Tangible-Asset is 1.25. Guangdong Meiyan Jixiang Hydropower Co's value of 1.89% is 51.2% above this industry median. Based on the distribution chart, Guangdong Meiyan Jixiang Hydropower Co ranks #343 out of 450 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Guangdong Meiyan Jixiang Hydropower Co has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Guangdong Meiyan Jixiang Hydropower Co's Return-on-Tangible-Asset compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Guangdong Meiyan Jixiang Hydropower Co ranks #343 out of 450 companies for Return-on-Tangible-Asset. This places Guangdong Meiyan Jixiang Hydropower Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 1.25. Guangdong Meiyan Jixiang Hydropower Co's value of 1.89% is 51.2% above this benchmark. While the company's 10-year median is 1.19 vs. the industry median of 1.25, Guangdong Meiyan Jixiang Hydropower 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 an Utilities - Independent Power Producers company?
The median Return-on-Tangible-Asset among Utilities - Independent Power Producers companies is 1.25, based on 450 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 Meiyan Jixiang Hydropower Co's current Return-on-Tangible-Asset of 1.89% is 51.2% 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 Guangdong Meiyan Jixiang Hydropower Co and its competitors. For the Utilities - Independent Power Producers industry, the median Return-on-Tangible-Asset is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Guangdong Meiyan Jixiang Hydropower Co's current Return-on-Tangible-Asset is 1.89%, which is 59% above median its own 10-year median of 1.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Guangdong Meiyan Jixiang Hydropower Co stock overvalued right now?
Based on GuruFocus' analysis, Guangdong Meiyan Jixiang Hydropower Co (SHSE:600868) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥3.50, compared to a current price of ¥2.83 — trading 19.1% below its estimated fair value. The current Return-on-Tangible-Asset is 1.89%, which is 59% above median its 10-year median of 1.19 and 51.2% above the Utilities - Independent Power Producers industry median of 1.25. Guangdong Meiyan Jixiang Hydropower Co's overall GF Score™ is 66/100 with 4 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 Meiyan Jixiang Hydropower Co (SHSE:600868), the current Return-on-Tangible-Asset is 1.89% as of Jun. 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 Meiyan Jixiang Hydropower Co (SHSE:600868) Overvalued in 2026?
Based on GuruFocus' analysis, Guangdong Meiyan Jixiang Hydropower Co stock appears to be undervalued.
The current stock price of ¥2.83 is trading 19.1% below its estimated GF Value™ of ¥3.50.
GuruFocus considers Guangdong Meiyan Jixiang Hydropower Co to be Modestly Undervalued.
Key valuation signals for SHSE:600868:
Return-on-Tangible-Asset: 1.89% (59% above median its 10-year median of 1.19)
GF Value™: ¥3.50 vs. price of ¥2.83 (19.1% below fair value)
Industry Position: 51.2% above the Utilities - Independent Power Producers median (#343 of 450)
No single metric tells the full story. See the SHSE:600868 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Guangdong Meiyan Jixiang Hydropower Co Ltd is mainly engaged in power generation and hydropower generation in China. The company's main business is hydropower generation. Its business divisions include hydroelectric generation, copper foil production, cement industry, silver mining, education services business and sales. The company mainly operates its business in Guangdong Province.
66GF Score
Get the complete analysis for SHSE:600868
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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