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Zhejiang Dingli Machinery CoSHSE:603338 -0.70%98 Return-on-Tangible-Asset is 12.68% as of Jun. 2026, which is 6% below its 10-year median of 13.53. GuruFocus rates SHSE:603338 with a GF Score™ of 98/100 and a GF Value™ of ¥69.82 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 216 Farm & Heavy Construction Machinery companies, Zhejiang Dingli Machinery Co ranks better than 85.19% on this metric.
The historical rank and industry rank for Zhejiang Dingli Machinery Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:603338'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 11.17 Med: 13.53 Max: 16.91
Current: 11.17
During the past 13 years, Zhejiang Dingli Machinery Co's highest Return-on-Tangible-Asset was 16.91%. The lowest was 11.17%. And the median was 13.53%.
SHSE:603338's Return-on-Tangible-Asset is ranked better than 85.19% of 216
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 3.665
vs SHSE:603338: 11.17
Zhejiang Dingli Machinery Co (SHSE:603338) 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.
Zhejiang Dingli Machinery Co Return-on-Tangible-Asset Related Terms
Zhejiang Dingli Machinery 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.
Zhejiang Dingli Machinery Co Return-on-Tangible-Asset Chart
SHSE:603338 vs CAT, DE, PCAR: Return-on-Tangible-Asset Comparison
For the Farm & Heavy Construction Machinery subindustry, Zhejiang Dingli Machinery 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.
Zhejiang Dingli Machinery Co Return-on-Tangible-Asset vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Zhejiang Dingli Machinery Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Zhejiang Dingli Machinery 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 12.68% mean?
Zhejiang Dingli Machinery Co (SHSE:603338) has a Return-on-Tangible-Asset of 12.68% 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 Zhejiang Dingli Machinery Co and its competitors. This is near median its historical median of 13.53. Over the past decade, Zhejiang Dingli Machinery Co's Return-on-Tangible-Asset has ranged from 11.17 to 16.91. According to the industry distribution chart, Zhejiang Dingli Machinery Co ranks #32 out of 216 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 14.8%.
Is Zhejiang Dingli Machinery Co's Return-on-Tangible-Asset too high?
Zhejiang Dingli Machinery Co's current Return-on-Tangible-Asset of 12.68% is near median its 10-year median of 13.53. Over the past 10 years, this metric has ranged from a low of 11.17 to a high of 16.91. The Farm & Heavy Construction Machinery industry median Return-on-Tangible-Asset is 3.67. Zhejiang Dingli Machinery Co's value of 12.68% is 246% above this industry median. Based on the distribution chart, Zhejiang Dingli Machinery Co ranks #32 out of 216 companies in the Farm & Heavy Construction Machinery industry, which is in the top quartile — a strong position relative to peers. Overall, Zhejiang Dingli Machinery Co has a GF Score™ of 98/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Dingli Machinery Co's Return-on-Tangible-Asset compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Zhejiang Dingli Machinery Co ranks #32 out of 216 companies for Return-on-Tangible-Asset. This places Zhejiang Dingli Machinery Co in the top 15% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.67. Zhejiang Dingli Machinery Co's value of 12.68% is 246% above this benchmark. Historically, Zhejiang Dingli Machinery Co's own Return-on-Tangible-Asset has ranged from 11.17 to 16.91 over the past decade. While the company's 10-year median is 13.53 vs. the industry median of 3.67, Zhejiang Dingli Machinery 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 Farm & Heavy Construction Machinery company?
The median Return-on-Tangible-Asset among Farm & Heavy Construction Machinery companies is 3.67, based on 216 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. Zhejiang Dingli Machinery Co's current Return-on-Tangible-Asset of 12.68% is 246% 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 Zhejiang Dingli Machinery Co and its competitors. For the Farm & Heavy Construction Machinery industry, the median Return-on-Tangible-Asset is 3.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Dingli Machinery Co's current Return-on-Tangible-Asset is 12.68%, which is near median its own 10-year median of 13.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Dingli Machinery Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Dingli Machinery Co (SHSE:603338) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥69.82, compared to a current price of ¥57.91 — trading 17.1% below its estimated fair value. The current Return-on-Tangible-Asset is 12.68%, which is near median its 10-year median of 13.53 and 246% above the Farm & Heavy Construction Machinery industry median of 3.67. Zhejiang Dingli Machinery Co's overall GF Score™ is 98/100 with 2 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 Zhejiang Dingli Machinery Co (SHSE:603338), the current Return-on-Tangible-Asset is 12.68% 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 Zhejiang Dingli Machinery Co (SHSE:603338) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Dingli Machinery Co stock appears to be undervalued.
The current stock price of ¥57.91 is trading 17.1% below its estimated GF Value™ of ¥69.82.
GuruFocus considers Zhejiang Dingli Machinery Co to be Modestly Undervalued.
Key valuation signals for SHSE:603338:
Return-on-Tangible-Asset: 12.68% (near median its 10-year median of 13.53)
GF Value™: ¥69.82 vs. price of ¥57.91 (17.1% below fair value)
Industry Position: 246% above the Farm & Heavy Construction Machinery median (#32 of 216)
No single metric tells the full story. See the SHSE:603338 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Dingli Machinery Co Ltd is engaged in the research and development, production, and sales of aerial work machinery and industrial vehicles. The company manufactures a range of aerial work platforms, including electric, diesel, and hybrid boom lifts, scissor lifts, mast lifts, and specialized models. Its products are applied across industrial, commercial, construction, and engineering sectors, as well as in logistics, petrochemicals, shipbuilding, and specialized fields such as power grids, nuclear facilities, high-speed rail, airports, and tunnels.
98GF Score
Get the complete analysis for SHSE:603338
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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