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Zhongtai Securities CoSHSE:600918 +1.43%66 Return-on-Tangible-Asset is 1.81% as of Jun. 2026, which is 55% above its 10-year median of 1.17. GuruFocus rates SHSE:600918 with a GF Score™ of 66/100 and a GF Value™ of ¥6.87 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 814 Capital Markets companies, Zhongtai Securities Co ranks worse than 61.55% 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. Zhongtai Securities Co's annualizedNet Income for the quarter that ended in Jun. 2026 was ¥5,134 Mil. Zhongtai Securities Co's average total tangible assets for the quarter that ended in Jun. 2026 was ¥284,377 Mil. Therefore, Zhongtai Securities Co's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 1.81%.
The historical rank and industry rank for Zhongtai Securities Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:600918'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.29 Med: 1.17 Max: 1.9
Current: 0.64
During the past 13 years, Zhongtai Securities Co's highest Return-on-Tangible-Asset was 1.90%. The lowest was 0.29%. And the median was 1.17%.
SHSE:600918's Return-on-Tangible-Asset is ranked worse than 61.55% of 814
companies
in the Capital Markets industry
Industry Median: 1.575
vs SHSE:600918: 0.64
Zhongtai Securities Co (SHSE:600918) 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.
Zhongtai Securities Co Return-on-Tangible-Asset Related Terms
Zhongtai Securities Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Zhongtai Securities 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.
Zhongtai Securities Co Return-on-Tangible-Asset Chart
SHSE:600918 vs MS, GS, SCHW: Return-on-Tangible-Asset Comparison
For the Capital Markets subindustry, Zhongtai Securities 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.
Zhongtai Securities Co Return-on-Tangible-Asset vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Zhongtai Securities Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Zhongtai Securities 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 1.81% mean?
Zhongtai Securities Co (SHSE:600918) has a Return-on-Tangible-Asset of 1.81% 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 Zhongtai Securities Co and its competitors. This is 55% above median its historical median of 1.17. Over the past decade, Zhongtai Securities Co's Return-on-Tangible-Asset has ranged from 0.29 to 1.90. According to the industry distribution chart, Zhongtai Securities Co ranks #501 out of 814 companies in the Capital Markets industry, placing it in the top 61.5%.
Is Zhongtai Securities Co's Return-on-Tangible-Asset too high?
Zhongtai Securities Co's current Return-on-Tangible-Asset of 1.81% is 55% above median its 10-year median of 1.17. Over the past 10 years, this metric has ranged from a low of 0.29 to a high of 1.90. The Capital Markets industry median Return-on-Tangible-Asset is 1.58. Zhongtai Securities Co's value of 1.81% is 14.9% above this industry median. Based on the distribution chart, Zhongtai Securities Co ranks #501 out of 814 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Zhongtai Securities 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 Zhongtai Securities Co's Return-on-Tangible-Asset compare to MS and GS?
According to the Capital Markets industry distribution chart, Zhongtai Securities Co ranks #501 out of 814 companies for Return-on-Tangible-Asset. This places Zhongtai Securities Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 1.58. Zhongtai Securities Co's value of 1.81% is 14.9% above this benchmark. Historically, Zhongtai Securities Co's own Return-on-Tangible-Asset has ranged from 0.29 to 1.90 over the past decade. While the company's 10-year median is 1.17 vs. the industry median of 1.58, Zhongtai Securities 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 Capital Markets company?
The median Return-on-Tangible-Asset among Capital Markets companies is 1.58, based on 814 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. Zhongtai Securities Co's current Return-on-Tangible-Asset of 1.81% is 14.9% 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 Zhongtai Securities Co and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Asset is 1.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhongtai Securities Co's current Return-on-Tangible-Asset is 1.81%, which is 55% above median its own 10-year median of 1.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhongtai Securities Co stock overvalued right now?
Based on GuruFocus' analysis, Zhongtai Securities Co (SHSE:600918) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥6.87, compared to a current price of ¥5.67 — trading 17.5% below its estimated fair value. The current Return-on-Tangible-Asset is 1.81%, which is 55% above median its 10-year median of 1.17 and 14.9% above the Capital Markets industry median of 1.58. Zhongtai Securities Co's overall GF Score™ is 66/100 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 Zhongtai Securities Co (SHSE:600918), the current Return-on-Tangible-Asset is 1.81% 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 Zhongtai Securities Co (SHSE:600918) Overvalued in 2026?
Based on GuruFocus' analysis, Zhongtai Securities Co stock appears to be undervalued.
The current stock price of ¥5.67 is trading 17.5% below its estimated GF Value™ of ¥6.87.
GuruFocus considers Zhongtai Securities Co to be Modestly Undervalued.
Key valuation signals for SHSE:600918:
Return-on-Tangible-Asset: 1.81% (55% above median its 10-year median of 1.17)
GF Value™: ¥6.87 vs. price of ¥5.67 (17.5% below fair value)
Industry Position: 14.9% above the Capital Markets median (#501 of 814)
No single metric tells the full story. See the SHSE:600918 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhongtai Securities Co Ltd is a China-based company mainly engaged in wealth management business. The company operates through eight segments: Asset management business segment, Credit business segment, Futures business segment, International business segment, Investment banking segment, Investment business segment, Wealth management business segment, and Others. It generates the majority of its revenue from the Wealth management business segment. The wealth management business mainly provides securities brokerage services, investment advisory services, product allocation services, and comprehensive financial services.
66GF Score
Get the complete analysis for SHSE:600918
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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