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SHSE:603659's Return-on-Tangible-Asset is ranked better than 66.21% of 1622
companies
in the Chemicals industry
Industry Median: 3.62
vs SHSE:603659: 5.86
Shanghai Putailai New Energy Technology Group Co (SHSE:603659) 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.
Shanghai Putailai New Energy Technology Group Co Return-on-Tangible-Asset Related Terms
Shanghai Putailai New Energy Technology Group 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.
Shanghai Putailai New Energy Technology Group Co Return-on-Tangible-Asset Chart
Shanghai Putailai New Energy Technology Group Co Annual Data
SHSE:603659 vs LIN, SHW, ECL: Return-on-Tangible-Asset Comparison
For the Specialty Chemicals subindustry, Shanghai Putailai New Energy Technology Group 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.
Shanghai Putailai New Energy Technology Group Co Return-on-Tangible-Asset vs Chemicals 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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 5.90% mean?
Shanghai Putailai New Energy Technology Group Co (SHSE:603659) has a Return-on-Tangible-Asset of 5.90% 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 Shanghai Putailai New Energy Technology Group Co and its competitors. This is 38% below median its historical median of 9.58. Over the past decade, Shanghai Putailai New Energy Technology Group Co's Return-on-Tangible-Asset has ranged from 2.84 to 23.54. According to the industry distribution chart, Shanghai Putailai New Energy Technology Group Co ranks #548 out of 1622 companies in the Chemicals industry, placing it in the top 33.8%.
Is Shanghai Putailai New Energy Technology Group Co's Return-on-Tangible-Asset too high?
Shanghai Putailai New Energy Technology Group Co's current Return-on-Tangible-Asset of 5.90% is 38% below median its 10-year median of 9.58. Over the past 10 years, this metric has ranged from a low of 2.84 to a high of 23.54. The Chemicals industry median Return-on-Tangible-Asset is 3.62. Shanghai Putailai New Energy Technology Group Co's value of 5.90% is 63% above this industry median. Based on the distribution chart, Shanghai Putailai New Energy Technology Group Co ranks #548 out of 1622 companies in the Chemicals industry, which is above the industry midpoint. Overall, Shanghai Putailai New Energy Technology Group Co has a GF Score™ of 96/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Putailai New Energy Technology Group Co's Return-on-Tangible-Asset compare to LIN and SHW?
According to the Chemicals industry distribution chart, Shanghai Putailai New Energy Technology Group Co ranks #548 out of 1622 companies for Return-on-Tangible-Asset. This puts Shanghai Putailai New Energy Technology Group Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.62. Shanghai Putailai New Energy Technology Group Co's value of 5.90% is 63% above this benchmark. Historically, Shanghai Putailai New Energy Technology Group Co's own Return-on-Tangible-Asset has ranged from 2.84 to 23.54 over the past decade. While the company's 10-year median is 9.58 vs. the industry median of 3.62, Shanghai Putailai New Energy Technology Group 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 Chemicals company?
The median Return-on-Tangible-Asset among Chemicals companies is 3.62, based on 1,622 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. Shanghai Putailai New Energy Technology Group Co's current Return-on-Tangible-Asset of 5.90% is 63% 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 Shanghai Putailai New Energy Technology Group Co and its competitors. For the Chemicals industry, the median Return-on-Tangible-Asset is 3.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Putailai New Energy Technology Group Co's current Return-on-Tangible-Asset is 5.90%, which is 38% below median its own 10-year median of 9.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Putailai New Energy Technology Group Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Putailai New Energy Technology Group Co (SHSE:603659) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥26.77, compared to a current price of ¥21.97 — trading 17.9% below its estimated fair value. The current Return-on-Tangible-Asset is 5.90%, which is 38% below median its 10-year median of 9.58 and 63% above the Chemicals industry median of 3.62. Shanghai Putailai New Energy Technology Group Co's overall GF Score™ is 96/100 with 6 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 Shanghai Putailai New Energy Technology Group Co (SHSE:603659), the current Return-on-Tangible-Asset is 5.90% 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 Shanghai Putailai New Energy Technology Group Co (SHSE:603659) Overvalued in 2026?
Based on GuruFocus' analysis, Shanghai Putailai New Energy Technology Group Co stock appears to be undervalued.
The current stock price of ¥21.97 is trading 17.9% below its estimated GF Value™ of ¥26.77.
GuruFocus considers Shanghai Putailai New Energy Technology Group Co to be Modestly Undervalued.
Key valuation signals for SHSE:603659:
Return-on-Tangible-Asset: 5.90% (38% below median its 10-year median of 9.58)
GF Value™: ¥26.77 vs. price of ¥21.97 (17.9% below fair value)
Industry Position: 63% above the Chemicals median (#548 of 1622)
No single metric tells the full story. See the SHSE:603659 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shanghai Putailai New Energy Technology Group Co Ltd engages in research, development, production, and sales of key materials and process equipment for the lithium-ion battery industry, including anode materials, automatic coating machines, coating separators, aluminum-plastic packaging films, and nano alumina. It provides downstream customers with comprehensive solutions for new energy lithium-ion battery materials and process equipment. The company supports industrial synergy across key business value chains through channel sharing, R&D cooperation, and process support.
96GF Score
Get the complete analysis for SHSE:603659
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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