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CITIC Heavy Industries CoSHSE:601608 +0.22%66 Return-on-Tangible-Asset is 2.09% as of Mar. 2026, which is 127% above its 10-year median of 0.92. GuruFocus rates SHSE:601608 with a GF Score™ of 66/100 and a GF Value™ of ¥4.19 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 3,081 Industrial Products companies, CITIC Heavy Industries Co ranks worse than 59.4% 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. CITIC Heavy Industries Co's annualizedNet Income for the quarter that ended in Mar. 2026 was ¥380 Mil. CITIC Heavy Industries Co's average total tangible assets for the quarter that ended in Mar. 2026 was ¥18,219 Mil. Therefore, CITIC Heavy Industries Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 2.09%.
The historical rank and industry rank for CITIC Heavy Industries Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:601608'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -8.42 Med: 0.92 Max: 2.22
Current: 2.12
During the past 13 years, CITIC Heavy Industries Co's highest Return-on-Tangible-Asset was 2.22%. The lowest was -8.42%. And the median was 0.92%.
SHSE:601608's Return-on-Tangible-Asset is ranked worse than 59.4% of 3081
companies
in the Industrial Products industry
Industry Median: 3.41
vs SHSE:601608: 2.12
CITIC Heavy Industries Co (SHSE:601608) 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.
CITIC Heavy Industries Co Return-on-Tangible-Asset Related Terms
CITIC Heavy Industries Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for CITIC Heavy Industries 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.
CITIC Heavy Industries Co Return-on-Tangible-Asset Chart
SHSE:601608 vs GEV, ETN, PH: Return-on-Tangible-Asset Comparison
For the Specialty Industrial Machinery subindustry, CITIC Heavy Industries 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.
CITIC Heavy Industries Co Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, CITIC Heavy Industries Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where CITIC Heavy Industries 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 2.09% mean?
CITIC Heavy Industries Co (SHSE:601608) has a Return-on-Tangible-Asset of 2.09% 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 CITIC Heavy Industries Co and its competitors. This is 127% above median its historical median of 0.92. According to the industry distribution chart, CITIC Heavy Industries Co ranks #1830 out of 3081 companies in the Industrial Products industry, placing it in the top 59.4%.
Is CITIC Heavy Industries Co's Return-on-Tangible-Asset too high?
CITIC Heavy Industries Co's current Return-on-Tangible-Asset of 2.09% is 127% above median its 10-year median of 0.92. The Industrial Products industry median Return-on-Tangible-Asset is 3.41. CITIC Heavy Industries Co's value of 2.09% is 38.7% below this industry median. Based on the distribution chart, CITIC Heavy Industries Co ranks #1830 out of 3081 companies in the Industrial Products industry, which is below the industry midpoint. Overall, CITIC Heavy Industries Co has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CITIC Heavy Industries Co's Return-on-Tangible-Asset compare to GEV and ETN?
According to the Industrial Products industry distribution chart, CITIC Heavy Industries Co ranks #1830 out of 3081 companies for Return-on-Tangible-Asset. This places CITIC Heavy Industries Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.41. CITIC Heavy Industries Co's value of 2.09% is 38.7% below this benchmark. While the company's 10-year median is 0.92 vs. the industry median of 3.41, CITIC Heavy Industries 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 3.41, based on 3,081 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. CITIC Heavy Industries Co's current Return-on-Tangible-Asset of 2.09% is 38.7% 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 CITIC Heavy Industries Co and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CITIC Heavy Industries Co's current Return-on-Tangible-Asset is 2.09%, which is 127% above median its own 10-year median of 0.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CITIC Heavy Industries Co stock overvalued right now?
Based on GuruFocus' analysis, CITIC Heavy Industries Co (SHSE:601608) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥4.19, compared to a current price of ¥4.66 — trading 11.2% above its estimated fair value. The current Return-on-Tangible-Asset is 2.09%, which is 127% above median its 10-year median of 0.92 and 38.7% below the Industrial Products industry median of 3.41. CITIC Heavy Industries 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 CITIC Heavy Industries Co (SHSE:601608), the current Return-on-Tangible-Asset is 2.09% 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 CITIC Heavy Industries Co (SHSE:601608) Overvalued in 2026?
Based on GuruFocus' analysis, CITIC Heavy Industries Co stock appears to be overvalued.
The current stock price of ¥4.66 is trading 11.2% above its estimated GF Value™ of ¥4.19.
GuruFocus considers CITIC Heavy Industries Co to be Modestly Overvalued.
Key valuation signals for SHSE:601608:
Return-on-Tangible-Asset: 2.09% (127% above median its 10-year median of 0.92)
GF Value™: ¥4.19 vs. price of ¥4.66 (11.2% above fair value)
Industry Position: 38.7% below the Industrial Products median (#1830 of 3081)
No single metric tells the full story. See the SHSE:601608 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CITIC Heavy Industries Co Ltd manufactures and distributes large-scale equipment, large complete sets of technical equipment, large castings and forging. Its products include building materials, mining, metallurgy and environmental protection equipment. Geographically, it operates through China, however, its products are sold in both China and internationally.
66GF Score
Get the complete analysis for SHSE:601608
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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