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China Merchants Energy Shipping CoSHSE:601872 -0.89%65 Return-on-Tangible-Asset is 13.50% as of Mar. 2026, which is 147% above its 10-year median of 5.47. GuruFocus rates SHSE:601872 with a GF Score™ of 65/100 and a GF Value™ of ¥8.93 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,038 Oil & Gas companies, China Merchants Energy Shipping Co ranks better than 85.55% on this metric.
The historical rank and industry rank for China Merchants Energy Shipping Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:601872'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.1 Med: 5.47 Max: 10.18
Current: 10.18
During the past 13 years, China Merchants Energy Shipping Co's highest Return-on-Tangible-Asset was 10.18%. The lowest was 2.10%. And the median was 5.47%.
SHSE:601872's Return-on-Tangible-Asset is ranked better than 85.55% of 1038
companies
in the Oil & Gas industry
Industry Median: 2.505
vs SHSE:601872: 10.18
China Merchants Energy Shipping Co (SHSE:601872) 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.
China Merchants Energy Shipping Co Return-on-Tangible-Asset Related Terms
China Merchants Energy Shipping 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.
China Merchants Energy Shipping Co Return-on-Tangible-Asset Chart
SHSE:601872 vs WMB, EPD, KMI: Return-on-Tangible-Asset Comparison
For the Oil & Gas Midstream subindustry, China Merchants Energy Shipping 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.
China Merchants Energy Shipping Co Return-on-Tangible-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, China Merchants Energy Shipping Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where China Merchants Energy Shipping 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 13.50% mean?
China Merchants Energy Shipping Co (SHSE:601872) has a Return-on-Tangible-Asset of 13.50% 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 China Merchants Energy Shipping Co and its competitors. This is 147% above median its historical median of 5.47. Over the past decade, China Merchants Energy Shipping Co's Return-on-Tangible-Asset has ranged from 2.10 to 10.18. According to the industry distribution chart, China Merchants Energy Shipping Co ranks #150 out of 1038 companies in the Oil & Gas industry, placing it in the top 14.5%.
Is China Merchants Energy Shipping Co's Return-on-Tangible-Asset too high?
China Merchants Energy Shipping Co's current Return-on-Tangible-Asset of 13.50% is 147% above median its 10-year median of 5.47. Over the past 10 years, this metric has ranged from a low of 2.10 to a high of 10.18. The Oil & Gas industry median Return-on-Tangible-Asset is 2.51. China Merchants Energy Shipping Co's value of 13.50% is 438.9% above this industry median. Based on the distribution chart, China Merchants Energy Shipping Co ranks #150 out of 1038 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, China Merchants Energy Shipping Co has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does China Merchants Energy Shipping Co's Return-on-Tangible-Asset compare to WMB and EPD?
According to the Oil & Gas industry distribution chart, China Merchants Energy Shipping Co ranks #150 out of 1038 companies for Return-on-Tangible-Asset. This places China Merchants Energy Shipping Co in the top 15% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.51. China Merchants Energy Shipping Co's value of 13.50% is 438.9% above this benchmark. Historically, China Merchants Energy Shipping Co's own Return-on-Tangible-Asset has ranged from 2.10 to 10.18 over the past decade. While the company's 10-year median is 5.47 vs. the industry median of 2.51, China Merchants Energy Shipping 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 Oil & Gas company?
The median Return-on-Tangible-Asset among Oil & Gas companies is 2.51, based on 1,038 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. China Merchants Energy Shipping Co's current Return-on-Tangible-Asset of 13.50% is 438.9% 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 China Merchants Energy Shipping Co and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Asset is 2.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Merchants Energy Shipping Co's current Return-on-Tangible-Asset is 13.50%, which is 147% above median its own 10-year median of 5.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Merchants Energy Shipping Co stock overvalued right now?
Based on GuruFocus' analysis, China Merchants Energy Shipping Co (SHSE:601872) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥8.93, compared to a current price of ¥18.83 — trading 110.9% above its estimated fair value. The current Return-on-Tangible-Asset is 13.50%, which is 147% above median its 10-year median of 5.47 and 438.9% above the Oil & Gas industry median of 2.51. China Merchants Energy Shipping Co's overall GF Score™ is 65/100 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 China Merchants Energy Shipping Co (SHSE:601872), the current Return-on-Tangible-Asset is 13.50% 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 China Merchants Energy Shipping Co (SHSE:601872) Overvalued in 2026?
Based on GuruFocus' analysis, China Merchants Energy Shipping Co stock appears to be overvalued.
The current stock price of ¥18.83 is trading 110.9% above its estimated GF Value™ of ¥8.93.
GuruFocus considers China Merchants Energy Shipping Co to be Significantly Overvalued.
Key valuation signals for SHSE:601872:
Return-on-Tangible-Asset: 13.50% (147% above median its 10-year median of 5.47)
GF Value™: ¥8.93 vs. price of ¥18.83 (110.9% above fair value)
Industry Position: 438.9% above the Oil & Gas median (#150 of 1038)
No single metric tells the full story. See the SHSE:601872 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Merchants Energy Shipping Co Ltd is a China-based company that engages in tanker transportation, bulk cargo vessel transportation, and liquid natural gas (LNG) vessel transportation. It provides a full range of energy transportation services running a large diversity of vessels, including crude oil tankers, dry bulk carriers, and LNG carriers. It provides services to customers from China, Japan, Korea, Southeast Asia, the United States, and other countries.
65GF Score
Get the complete analysis for SHSE:601872
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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