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.
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:601686'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.93 Med: 5.21 Max: 11.52
Current: 2.82
During the past 10 years, Tianjin You Fa Steel Pipe Group Stock Co's highest Return-on-Tangible-Asset was 11.52%. The lowest was 1.93%. And the median was 5.21%.
SHSE:601686's Return-on-Tangible-Asset is ranked better than 56.15% of 634
companies
in the Steel industry
Industry Median: 2.095
vs SHSE:601686: 2.82
Tianjin You Fa Steel Pipe Group Stock Co (SHSE:601686) 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.
Tianjin You Fa Steel Pipe Group Stock Co Return-on-Tangible-Asset Related Terms
Tianjin You Fa Steel Pipe Group Stock 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.
Tianjin You Fa Steel Pipe Group Stock Co Return-on-Tangible-Asset Chart
Tianjin You Fa Steel Pipe Group Stock Co Annual Data
SHSE:601686 vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, Tianjin You Fa Steel Pipe Group Stock 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.
Tianjin You Fa Steel Pipe Group Stock Co Return-on-Tangible-Asset vs Steel Industry
* 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 2.28% mean?
Tianjin You Fa Steel Pipe Group Stock Co (SHSE:601686) has a Return-on-Tangible-Asset of 2.28% 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 Tianjin You Fa Steel Pipe Group Stock Co and its competitors. This is 56% below median its historical median of 5.21. Over the past decade, Tianjin You Fa Steel Pipe Group Stock Co's Return-on-Tangible-Asset has ranged from 1.93 to 11.52. According to the industry distribution chart, Tianjin You Fa Steel Pipe Group Stock Co ranks #278 out of 634 companies in the Steel industry, placing it in the top 43.8%.
Is Tianjin You Fa Steel Pipe Group Stock Co's Return-on-Tangible-Asset too high?
Tianjin You Fa Steel Pipe Group Stock Co's current Return-on-Tangible-Asset of 2.28% is 56% below median its 10-year median of 5.21. Over the past 10 years, this metric has ranged from a low of 1.93 to a high of 11.52. The Steel industry median Return-on-Tangible-Asset is 2.10. Tianjin You Fa Steel Pipe Group Stock Co's value of 2.28% is 8.8% above this industry median. Based on the distribution chart, Tianjin You Fa Steel Pipe Group Stock Co ranks #278 out of 634 companies in the Steel industry, which is above the industry midpoint. Overall, Tianjin You Fa Steel Pipe Group Stock Co has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tianjin You Fa Steel Pipe Group Stock Co's Return-on-Tangible-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, Tianjin You Fa Steel Pipe Group Stock Co ranks #278 out of 634 companies for Return-on-Tangible-Asset. This puts Tianjin You Fa Steel Pipe Group Stock Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.10. Tianjin You Fa Steel Pipe Group Stock Co's value of 2.28% is 8.8% above this benchmark. Historically, Tianjin You Fa Steel Pipe Group Stock Co's own Return-on-Tangible-Asset has ranged from 1.93 to 11.52 over the past decade. While the company's 10-year median is 5.21 vs. the industry median of 2.10, Tianjin You Fa Steel Pipe Group Stock 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 Steel company?
The median Return-on-Tangible-Asset among Steel companies is 2.10, based on 634 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. Tianjin You Fa Steel Pipe Group Stock Co's current Return-on-Tangible-Asset of 2.28% is 8.8% 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 Tianjin You Fa Steel Pipe Group Stock Co and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 2.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tianjin You Fa Steel Pipe Group Stock Co's current Return-on-Tangible-Asset is 2.28%, which is 56% below median its own 10-year median of 5.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tianjin You Fa Steel Pipe Group Stock Co stock overvalued right now?
Based on GuruFocus' analysis, Tianjin You Fa Steel Pipe Group Stock Co (SHSE:601686) is currently considered Fairly Valued. The stock's GF Value™ is ¥4.87, compared to a current price of ¥5.17 — trading 6.2% above its estimated fair value. The current Return-on-Tangible-Asset is 2.28%, which is 56% below median its 10-year median of 5.21 and 8.8% above the Steel industry median of 2.10. Tianjin You Fa Steel Pipe Group Stock Co's overall GF Score™ is 70/100 with 5 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 Tianjin You Fa Steel Pipe Group Stock Co (SHSE:601686), the current Return-on-Tangible-Asset is 2.28% 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 Tianjin You Fa Steel Pipe Group Stock Co (SHSE:601686) Overvalued in 2026?
Based on GuruFocus' analysis, Tianjin You Fa Steel Pipe Group Stock Co stock appears to be overvalued.
The current stock price of ¥5.17 is trading 6.2% above its estimated GF Value™ of ¥4.87.
GuruFocus considers Tianjin You Fa Steel Pipe Group Stock Co to be Fairly Valued.
Key valuation signals for SHSE:601686:
Return-on-Tangible-Asset: 2.28% (56% below median its 10-year median of 5.21)
GF Value™: ¥4.87 vs. price of ¥5.17 (6.2% above fair value)
Industry Position: 8.8% above the Steel median (#278 of 634)
No single metric tells the full story. See the SHSE:601686 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tianjin You Fa Steel Pipe Group Stock Co Ltd formerly Tianjin Youfa Steel Pipe Group Co Ltd is primarily involved in the development, production and sales of welded steel pipes. It offers welded pipes, hot-dip galvanized steel pipes, steel-plastic composite pipes, stainless steel composite pipes, spiral steel pipes and others.
70GF Score
Get the complete analysis for SHSE:601686
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SHSE:601686 has been successfully added to your 
