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Ningbo Water Meter (Group) CoSHSE:603700 -1.66%70 Return-on-Tangible-Asset is 2.88% as of Jun. 2026, which is 78% below its 10-year median of 13.04. GuruFocus rates SHSE:603700 with a GF Score™ of 70/100 and a GF Value™ of ¥14.28 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 3,085 Industrial Products companies, Ningbo Water Meter (Group) Co ranks worse than 53.81% on this metric.
The historical rank and industry rank for Ningbo Water Meter (Group) Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:603700'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.35 Med: 13.04 Max: 24.04
Current: 2.86
During the past 13 years, Ningbo Water Meter (Group) Co's highest Return-on-Tangible-Asset was 24.04%. The lowest was 2.35%. And the median was 13.04%.
SHSE:603700's Return-on-Tangible-Asset is ranked worse than 53.81% of 3085
companies
in the Industrial Products industry
Industry Median: 3.34
vs SHSE:603700: 2.86
Ningbo Water Meter (Group) Co (SHSE:603700) 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 Water Meter (Group) Co Return-on-Tangible-Asset Related Terms
Ningbo Water Meter (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.
Ningbo Water Meter (Group) Co Return-on-Tangible-Asset Chart
SHSE:603700 vs VRT, BE: Return-on-Tangible-Asset Comparison
For the Electrical Equipment & Parts subindustry, Ningbo Water Meter (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.
Ningbo Water Meter (Group) Co Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ningbo Water Meter (Group) Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Ningbo Water Meter (Group) 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 2.88% mean?
Ningbo Water Meter (Group) Co (SHSE:603700) has a Return-on-Tangible-Asset of 2.88% 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 Water Meter (Group) Co and its competitors. This is 78% below median its historical median of 13.04. Over the past decade, Ningbo Water Meter (Group) Co's Return-on-Tangible-Asset has ranged from 2.35 to 24.04. According to the industry distribution chart, Ningbo Water Meter (Group) Co ranks #1660 out of 3085 companies in the Industrial Products industry, placing it in the top 53.8%.
Is Ningbo Water Meter (Group) Co's Return-on-Tangible-Asset too high?
Ningbo Water Meter (Group) Co's current Return-on-Tangible-Asset of 2.88% is 78% below median its 10-year median of 13.04. Over the past 10 years, this metric has ranged from a low of 2.35 to a high of 24.04. The Industrial Products industry median Return-on-Tangible-Asset is 3.34. Ningbo Water Meter (Group) Co's value of 2.88% is 13.8% below this industry median. Based on the distribution chart, Ningbo Water Meter (Group) Co ranks #1660 out of 3085 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Ningbo Water Meter (Group) Co has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Water Meter (Group) Co's Return-on-Tangible-Asset compare to VRT and BE?
According to the Industrial Products industry distribution chart, Ningbo Water Meter (Group) Co ranks #1660 out of 3085 companies for Return-on-Tangible-Asset. This places Ningbo Water Meter (Group) Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.34. Ningbo Water Meter (Group) Co's value of 2.88% is 13.8% below this benchmark. Historically, Ningbo Water Meter (Group) Co's own Return-on-Tangible-Asset has ranged from 2.35 to 24.04 over the past decade. While the company's 10-year median is 13.04 vs. the industry median of 3.34, Ningbo Water Meter (Group) Co has consistently been below 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 3.34, based on 3,085 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 Water Meter (Group) Co's current Return-on-Tangible-Asset of 2.88% is 13.8% below 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 Water Meter (Group) Co and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo Water Meter (Group) Co's current Return-on-Tangible-Asset is 2.88%, which is 78% below median its own 10-year median of 13.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Water Meter (Group) Co stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Water Meter (Group) Co (SHSE:603700) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥14.28, compared to a current price of ¥11.88 — trading 16.8% below its estimated fair value. The current Return-on-Tangible-Asset is 2.88%, which is 78% below median its 10-year median of 13.04 and 13.8% below the Industrial Products industry median of 3.34. Ningbo Water Meter (Group) Co's overall GF Score™ is 70/100 with 4 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 Water Meter (Group) Co (SHSE:603700), the current Return-on-Tangible-Asset is 2.88% 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 Water Meter (Group) Co (SHSE:603700) Overvalued in 2026?
Based on GuruFocus' analysis, Ningbo Water Meter (Group) Co stock appears to be undervalued.
The current stock price of ¥11.88 is trading 16.8% below its estimated GF Value™ of ¥14.28.
GuruFocus considers Ningbo Water Meter (Group) Co to be Modestly Undervalued.
Key valuation signals for SHSE:603700:
Return-on-Tangible-Asset: 2.88% (78% below median its 10-year median of 13.04)
GF Value™: ¥14.28 vs. price of ¥11.88 (16.8% below fair value)
Industry Position: 13.8% below the Industrial Products median (#1660 of 3085)
No single metric tells the full story. See the SHSE:603700 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ningbo Water Meter (Group) Co Ltd is engaged in manufacturing water meters. The product portfolio includes liquid sealed water meters, volumetric rotary piston water meter, manual batch control water meter, multi-jet dry type water meter and others.
70GF Score
Get the complete analysis for SHSE:603700
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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