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Ningbo Orient Wires & Cables CoSHSE:603606 +0.06%87 Return-on-Tangible-Asset is 4.71% as of Jun. 2026, which is 51% below its 10-year median of 9.69. GuruFocus rates SHSE:603606 with a GF Score™ of 87/100 and a GF Value™ of ¥62.50 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 3,089 Industrial Products companies, Ningbo Orient Wires & Cables Co ranks better than 81.32% on this metric.
The historical rank and industry rank for Ningbo Orient Wires & Cables Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:603606'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.1 Med: 9.69 Max: 18.69
Current: 9.09
During the past 13 years, Ningbo Orient Wires & Cables Co's highest Return-on-Tangible-Asset was 18.69%. The lowest was 2.10%. And the median was 9.69%.
SHSE:603606's Return-on-Tangible-Asset is ranked better than 81.32% of 3089
companies
in the Industrial Products industry
Industry Median: 3.43
vs SHSE:603606: 9.09
Ningbo Orient Wires & Cables Co (SHSE:603606) 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.
Ningbo Orient Wires & Cables Co Return-on-Tangible-Asset Related Terms
Ningbo Orient Wires & Cables 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.
Ningbo Orient Wires & Cables Co Return-on-Tangible-Asset Chart
SHSE:603606 vs VRT, BE: Return-on-Tangible-Asset Comparison
For the Electrical Equipment & Parts subindustry, Ningbo Orient Wires & Cables 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.
Ningbo Orient Wires & Cables Co Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ningbo Orient Wires & Cables Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Ningbo Orient Wires & Cables 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 4.71% mean?
Ningbo Orient Wires & Cables Co (SHSE:603606) has a Return-on-Tangible-Asset of 4.71% 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 Ningbo Orient Wires & Cables Co and its competitors. This is 51% below median its historical median of 9.69. Over the past decade, Ningbo Orient Wires & Cables Co's Return-on-Tangible-Asset has ranged from 2.10 to 18.69. According to the industry distribution chart, Ningbo Orient Wires & Cables Co ranks #577 out of 3089 companies in the Industrial Products industry, placing it in the top 18.7%.
Is Ningbo Orient Wires & Cables Co's Return-on-Tangible-Asset too high?
Ningbo Orient Wires & Cables Co's current Return-on-Tangible-Asset of 4.71% is 51% below median its 10-year median of 9.69. Over the past 10 years, this metric has ranged from a low of 2.10 to a high of 18.69. The Industrial Products industry median Return-on-Tangible-Asset is 3.43. Ningbo Orient Wires & Cables Co's value of 4.71% is 37.3% above this industry median. Based on the distribution chart, Ningbo Orient Wires & Cables Co ranks #577 out of 3089 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Ningbo Orient Wires & Cables Co has a GF Score™ of 87/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Orient Wires & Cables Co's Return-on-Tangible-Asset compare to VRT and BE?
According to the Industrial Products industry distribution chart, Ningbo Orient Wires & Cables Co ranks #577 out of 3089 companies for Return-on-Tangible-Asset. This places Ningbo Orient Wires & Cables Co in the top 19% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.43. Ningbo Orient Wires & Cables Co's value of 4.71% is 37.3% above this benchmark. Historically, Ningbo Orient Wires & Cables Co's own Return-on-Tangible-Asset has ranged from 2.10 to 18.69 over the past decade. While the company's 10-year median is 9.69 vs. the industry median of 3.43, Ningbo Orient Wires & Cables 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 Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.43, based on 3,089 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. Ningbo Orient Wires & Cables Co's current Return-on-Tangible-Asset of 4.71% is 37.3% 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 Ningbo Orient Wires & Cables Co and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo Orient Wires & Cables Co's current Return-on-Tangible-Asset is 4.71%, which is 51% below median its own 10-year median of 9.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Orient Wires & Cables Co stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Orient Wires & Cables Co (SHSE:603606) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥62.50, compared to a current price of ¥33.85 — trading 45.8% below its estimated fair value. The current Return-on-Tangible-Asset is 4.71%, which is 51% below median its 10-year median of 9.69 and 37.3% above the Industrial Products industry median of 3.43. Ningbo Orient Wires & Cables Co's overall GF Score™ is 87/100 with 3 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 Ningbo Orient Wires & Cables Co (SHSE:603606), the current Return-on-Tangible-Asset is 4.71% 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 Ningbo Orient Wires & Cables Co (SHSE:603606) Overvalued in 2026?
Based on GuruFocus' analysis, Ningbo Orient Wires & Cables Co stock appears to be undervalued.
The current stock price of ¥33.85 is trading 45.8% below its estimated GF Value™ of ¥62.50.
GuruFocus considers Ningbo Orient Wires & Cables Co to be Significantly Undervalued.
Key valuation signals for SHSE:603606:
Return-on-Tangible-Asset: 4.71% (51% below median its 10-year median of 9.69)
GF Value™: ¥62.50 vs. price of ¥33.85 (45.8% below fair value)
Industry Position: 37.3% above the Industrial Products median (#577 of 3089)
No single metric tells the full story. See the SHSE:603606 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ningbo Orient Wires & Cables Co Ltd is engaged in the research & development, production, and sales of wires and cables; providing customized services for customers of cables for marine engineering.
87GF Score
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