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.
Jiangsu United Water Technology CoSHSE:603291 +1.56%67 Return-on-Tangible-Asset is 3.61% as of Mar. 2026, which is 66% below its 10-year median of 10.70. GuruFocus rates SHSE:603291 with a GF Score™ of 67/100 and a GF Value™ of ¥10.93 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 508 Utilities - Regulated companies, Jiangsu United Water Technology Co ranks better than 76.57% on this metric.
The historical rank and industry rank for Jiangsu United Water Technology Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:603291'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 6.21 Med: 10.7 Max: 12.64
Current: 6.3
During the past 8 years, Jiangsu United Water Technology Co's highest Return-on-Tangible-Asset was 12.64%. The lowest was 6.21%. And the median was 10.70%.
SHSE:603291's Return-on-Tangible-Asset is ranked better than 76.57% of 508
companies
in the Utilities - Regulated industry
Industry Median: 3.38
vs SHSE:603291: 6.30
Jiangsu United Water Technology Co (SHSE:603291) 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.
Jiangsu United Water Technology Co Return-on-Tangible-Asset Related Terms
Jiangsu United Water Technology 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.
Jiangsu United Water Technology Co Return-on-Tangible-Asset Chart
SHSE:603291 vs AWK, WTRG, AWR: Return-on-Tangible-Asset Comparison
For the Utilities - Regulated Water subindustry, Jiangsu United Water Technology 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.
Jiangsu United Water Technology Co Return-on-Tangible-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Jiangsu United Water Technology Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Jiangsu United Water Technology 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 3.61% mean?
Jiangsu United Water Technology Co (SHSE:603291) has a Return-on-Tangible-Asset of 3.61% 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 Jiangsu United Water Technology Co and its competitors. This is 66% below median its historical median of 10.70. Over the past decade, Jiangsu United Water Technology Co's Return-on-Tangible-Asset has ranged from 6.21 to 12.64. According to the industry distribution chart, Jiangsu United Water Technology Co ranks #119 out of 508 companies in the Utilities - Regulated industry, placing it in the top 23.4%.
Is Jiangsu United Water Technology Co's Return-on-Tangible-Asset too high?
Jiangsu United Water Technology Co's current Return-on-Tangible-Asset of 3.61% is 66% below median its 10-year median of 10.70. Over the past 10 years, this metric has ranged from a low of 6.21 to a high of 12.64. The Utilities - Regulated industry median Return-on-Tangible-Asset is 3.38. Jiangsu United Water Technology Co's value of 3.61% is 6.8% above this industry median. Based on the distribution chart, Jiangsu United Water Technology Co ranks #119 out of 508 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Jiangsu United Water Technology Co has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jiangsu United Water Technology Co's Return-on-Tangible-Asset compare to AWK and WTRG?
According to the Utilities - Regulated industry distribution chart, Jiangsu United Water Technology Co ranks #119 out of 508 companies for Return-on-Tangible-Asset. This places Jiangsu United Water Technology Co in the top 23% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.38. Jiangsu United Water Technology Co's value of 3.61% is 6.8% above this benchmark. Historically, Jiangsu United Water Technology Co's own Return-on-Tangible-Asset has ranged from 6.21 to 12.64 over the past decade. While the company's 10-year median is 10.70 vs. the industry median of 3.38, Jiangsu United Water Technology 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 - Regulated company?
The median Return-on-Tangible-Asset among Utilities - Regulated companies is 3.38, based on 508 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. Jiangsu United Water Technology Co's current Return-on-Tangible-Asset of 3.61% is 6.8% 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 Jiangsu United Water Technology Co and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Asset is 3.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jiangsu United Water Technology Co's current Return-on-Tangible-Asset is 3.61%, which is 66% below median its own 10-year median of 10.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jiangsu United Water Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Jiangsu United Water Technology Co (SHSE:603291) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥10.93, compared to a current price of ¥9.13 — trading 16.5% below its estimated fair value. The current Return-on-Tangible-Asset is 3.61%, which is 66% below median its 10-year median of 10.70 and 6.8% above the Utilities - Regulated industry median of 3.38. Jiangsu United Water Technology Co's overall GF Score™ is 67/100 with 8 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 Jiangsu United Water Technology Co (SHSE:603291), the current Return-on-Tangible-Asset is 3.61% 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 Jiangsu United Water Technology Co (SHSE:603291) Overvalued in 2026?
Based on GuruFocus' analysis, Jiangsu United Water Technology Co stock appears to be undervalued.
The current stock price of ¥9.13 is trading 16.5% below its estimated GF Value™ of ¥10.93.
GuruFocus considers Jiangsu United Water Technology Co to be Modestly Undervalued.
Key valuation signals for SHSE:603291:
Return-on-Tangible-Asset: 3.61% (66% below median its 10-year median of 10.70)
GF Value™: ¥10.93 vs. price of ¥9.13 (16.5% below fair value)
Industry Position: 6.8% above the Utilities - Regulated median (#119 of 508)
No single metric tells the full story. See the SHSE:603291 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jiangsu United Water Technology Co Ltd engages in tap water production and supply, sewage treatment and wastewater resource utilization, and water reuse, as well as municipal engineering business. It also actively expands water environment management businesses, such as river and lake basin water management and water ecological restoration.
67GF Score
Get the complete analysis for SHSE:603291
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:603291 has been successfully added to your 
