Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
Ningbo Deye TechnologySHSE:605117 -4.63%89 Return-on-Tangible-Asset is 26.45% as of Jun. 2026, which is 32% above its 10-year median of 20.03. GuruFocus rates SHSE:605117 with a GF Score™ of 89/100 and a GF Value™ of ¥83.29 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 3,087 Industrial Products companies, Ningbo Deye Technology ranks better than 96.47% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Ningbo Deye Technology's annualizedNet Income for the quarter that ended in Jun. 2026 was ¥6,118 Mil. Ningbo Deye Technology's average total tangible assets for the quarter that ended in Jun. 2026 was ¥23,129 Mil. Therefore, Ningbo Deye Technology's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 26.45%.
The historical rank and industry rank for Ningbo Deye Technology's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:605117'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 14.14 Med: 20.03 Max: 27.33
Current: 20.77
During the past 10 years, Ningbo Deye Technology's highest Return-on-Tangible-Asset was 27.33%. The lowest was 14.14%. And the median was 20.03%.
SHSE:605117's Return-on-Tangible-Asset is ranked better than 96.47% of 3087
companies
in the Industrial Products industry
Industry Median: 3.46
vs SHSE:605117: 20.77
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 Deye Technology Return-on-Tangible-Asset Related Terms
Ningbo Deye Technology Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Ningbo Deye Technology's Return-on-Tangible-Asset can be seen below:
* 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.
SHSE:605117 vs VRT, BE: Return-on-Tangible-Asset Comparison
For the Electrical Equipment & Parts subindustry, Ningbo Deye Technology'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 Deye Technology Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ningbo Deye Technology's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Ningbo Deye Technology'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 26.45% mean?
Ningbo Deye Technology (SHSE:605117) has a Return-on-Tangible-Asset of 26.45% 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 Deye Technology and its competitors. This is 32% above median its historical median of 20.03. Over the past decade, Ningbo Deye Technology's Return-on-Tangible-Asset has ranged from 14.14 to 27.33. According to the industry distribution chart, Ningbo Deye Technology ranks #109 out of 3087 companies in the Industrial Products industry, placing it in the top 3.5%.
Is Ningbo Deye Technology's Return-on-Tangible-Asset too high?
Ningbo Deye Technology's current Return-on-Tangible-Asset of 26.45% is 32% above median its 10-year median of 20.03. Over the past 10 years, this metric has ranged from a low of 14.14 to a high of 27.33. The Industrial Products industry median Return-on-Tangible-Asset is 3.46. Ningbo Deye Technology's value of 26.45% is 664.5% above this industry median. Based on the distribution chart, Ningbo Deye Technology ranks #109 out of 3087 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Ningbo Deye Technology has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Deye Technology's Return-on-Tangible-Asset compare to VRT and BE?
According to the Industrial Products industry distribution chart, Ningbo Deye Technology ranks #109 out of 3087 companies for Return-on-Tangible-Asset. This places Ningbo Deye Technology in the top 4% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.46. Ningbo Deye Technology's value of 26.45% is 664.5% above this benchmark. Historically, Ningbo Deye Technology's own Return-on-Tangible-Asset has ranged from 14.14 to 27.33 over the past decade. While the company's 10-year median is 20.03 vs. the industry median of 3.46, Ningbo Deye Technology 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 3.46, based on 3,087 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 Deye Technology's current Return-on-Tangible-Asset of 26.45% is 664.5% 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 Deye Technology and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo Deye Technology's current Return-on-Tangible-Asset is 26.45%, which is 32% above median its own 10-year median of 20.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Deye Technology stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Deye Technology (SHSE:605117) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥83.29, compared to a current price of ¥92.30 — trading 10.8% above its estimated fair value. The current Return-on-Tangible-Asset is 26.45%, which is 32% above median its 10-year median of 20.03 and 664.5% above the Industrial Products industry median of 3.46. Ningbo Deye Technology's overall GF Score™ is 89/100 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 Deye Technology (SHSE:605117), the current Return-on-Tangible-Asset is 26.45% 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 Deye Technology (SHSE:605117) Overvalued in 2026?
Based on GuruFocus' analysis, Ningbo Deye Technology stock appears to be overvalued.
The current stock price of ¥92.30 is trading 10.8% above its estimated GF Value™ of ¥83.29.
GuruFocus considers Ningbo Deye Technology to be Modestly Overvalued.
Key valuation signals for SHSE:605117:
Return-on-Tangible-Asset: 26.45% (32% above median its 10-year median of 20.03)
GF Value™: ¥83.29 vs. price of ¥92.30 (10.8% above fair value)
Industry Position: 664.5% above the Industrial Products median (#109 of 3087)
No single metric tells the full story. See the SHSE:605117 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ningbo Deye Technology Corp is engaged in the research, development, manufacturing, and sale of inverters, heat exchangers, and dehumidifiers. Its product range also includes refrigeration equipment, air and water purification systems, fresh air systems, solar air conditioners, variable frequency water pumps, and electronic controllers.
89GF Score
Get the complete analysis for SHSE:605117
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SHSE:605117 has been successfully added to your 
