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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.
Zhejiang Great Shengda Packing CoSHSE:603687 -3.10%67 Return-on-Tangible-Asset is 4.37% as of Jun. 2026, which is 6% above its 10-year median of 4.14. GuruFocus rates SHSE:603687 with a GF Score™ of 67/100 and a GF Value™ of ¥10.22 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 286 Forest Products companies, Zhejiang Great Shengda Packing Co ranks better than 57.69% on this metric.
The historical rank and industry rank for Zhejiang Great Shengda Packing Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:603687'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.02 Med: 4.14 Max: 13.76
Current: 2.18
During the past 12 years, Zhejiang Great Shengda Packing Co's highest Return-on-Tangible-Asset was 13.76%. The lowest was 2.02%. And the median was 4.14%.
SHSE:603687's Return-on-Tangible-Asset is ranked better than 57.69% of 286
companies
in the Forest Products industry
Industry Median: 1.095
vs SHSE:603687: 2.18
Zhejiang Great Shengda Packing Co (SHSE:603687) 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 Great Shengda Packing Co Return-on-Tangible-Asset Related Terms
Zhejiang Great Shengda Packing 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 Great Shengda Packing Co Return-on-Tangible-Asset Chart
Zhejiang Great Shengda Packing Co Return-on-Tangible-Asset Competitor Comparison
For the Paper & Paper Products subindustry, Zhejiang Great Shengda Packing 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 Great Shengda Packing Co Return-on-Tangible-Asset vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Zhejiang Great Shengda Packing Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Zhejiang Great Shengda Packing 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 4.37% mean?
Zhejiang Great Shengda Packing Co (SHSE:603687) has a Return-on-Tangible-Asset of 4.37% 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 Great Shengda Packing Co and its competitors. This is near median its historical median of 4.14. Over the past decade, Zhejiang Great Shengda Packing Co's Return-on-Tangible-Asset has ranged from 2.02 to 13.76. According to the industry distribution chart, Zhejiang Great Shengda Packing Co ranks #121 out of 286 companies in the Forest Products industry, placing it in the top 42.3%.
Is Zhejiang Great Shengda Packing Co's Return-on-Tangible-Asset too high?
Zhejiang Great Shengda Packing Co's current Return-on-Tangible-Asset of 4.37% is near median its 10-year median of 4.14. Over the past 10 years, this metric has ranged from a low of 2.02 to a high of 13.76. The Forest Products industry median Return-on-Tangible-Asset is 1.10. Zhejiang Great Shengda Packing Co's value of 4.37% is 299.1% above this industry median. Based on the distribution chart, Zhejiang Great Shengda Packing Co ranks #121 out of 286 companies in the Forest Products industry, which is above the industry midpoint. Overall, Zhejiang Great Shengda Packing Co has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Great Shengda Packing Co's Return-on-Tangible-Asset compare to competitors?
According to the Forest Products industry distribution chart, Zhejiang Great Shengda Packing Co ranks #121 out of 286 companies for Return-on-Tangible-Asset. This puts Zhejiang Great Shengda Packing Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 1.10. Zhejiang Great Shengda Packing Co's value of 4.37% is 299.1% above this benchmark. Historically, Zhejiang Great Shengda Packing Co's own Return-on-Tangible-Asset has ranged from 2.02 to 13.76 over the past decade. While the company's 10-year median is 4.14 vs. the industry median of 1.10, Zhejiang Great Shengda Packing 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 Forest Products company?
The median Return-on-Tangible-Asset among Forest Products companies is 1.10, based on 286 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 Great Shengda Packing Co's current Return-on-Tangible-Asset of 4.37% is 299.1% 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 Great Shengda Packing Co and its competitors. For the Forest Products industry, the median Return-on-Tangible-Asset is 1.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Great Shengda Packing Co's current Return-on-Tangible-Asset is 4.37%, which is near median its own 10-year median of 4.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Great Shengda Packing Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Great Shengda Packing Co (SHSE:603687) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥10.22, compared to a current price of ¥16.25 — trading 59% above its estimated fair value. The current Return-on-Tangible-Asset is 4.37%, which is near median its 10-year median of 4.14 and 299.1% above the Forest Products industry median of 1.10. Zhejiang Great Shengda Packing Co's overall GF Score™ is 67/100 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 Zhejiang Great Shengda Packing Co (SHSE:603687), the current Return-on-Tangible-Asset is 4.37% 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 Great Shengda Packing Co (SHSE:603687) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Great Shengda Packing Co stock appears to be overvalued.
The current stock price of ¥16.25 is trading 59% above its estimated GF Value™ of ¥10.22.
GuruFocus considers Zhejiang Great Shengda Packing Co to be Significantly Overvalued.
Key valuation signals for SHSE:603687:
Return-on-Tangible-Asset: 4.37% (near median its 10-year median of 4.14)
GF Value™: ¥10.22 vs. price of ¥16.25 (59% above fair value)
Industry Position: 299.1% above the Forest Products median (#121 of 286)
No single metric tells the full story. See the SHSE:603687 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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