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JiangSu Changling Hydraulic CoSHSE:605389 +1.18%63 Return-on-Tangible-Asset is 6.35% as of Jun. 2026, which is 38% below its 10-year median of 10.17. GuruFocus rates SHSE:605389 with a GF Score™ of 63/100 and a GF Value™ of ¥30.40 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 3,089 Industrial Products companies, JiangSu Changling Hydraulic Co ranks better than 67.76% on this metric.
The historical rank and industry rank for JiangSu Changling Hydraulic Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:605389'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.44 Med: 10.17 Max: 33.76
Current: 6.19
During the past 10 years, JiangSu Changling Hydraulic Co's highest Return-on-Tangible-Asset was 33.76%. The lowest was 4.44%. And the median was 10.17%.
SHSE:605389's Return-on-Tangible-Asset is ranked better than 67.76% of 3089
companies
in the Industrial Products industry
Industry Median: 3.43
vs SHSE:605389: 6.19
JiangSu Changling Hydraulic Co (SHSE:605389) 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.
JiangSu Changling Hydraulic Co Return-on-Tangible-Asset Related Terms
JiangSu Changling Hydraulic 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.
JiangSu Changling Hydraulic Co Return-on-Tangible-Asset Chart
SHSE:605389 vs SNA, RBC, LECO: Return-on-Tangible-Asset Comparison
For the Tools & Accessories subindustry, JiangSu Changling Hydraulic 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.
JiangSu Changling Hydraulic Co Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, JiangSu Changling Hydraulic Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where JiangSu Changling Hydraulic 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 6.35% mean?
JiangSu Changling Hydraulic Co (SHSE:605389) has a Return-on-Tangible-Asset of 6.35% 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 JiangSu Changling Hydraulic Co and its competitors. This is 38% below median its historical median of 10.17. Over the past decade, JiangSu Changling Hydraulic Co's Return-on-Tangible-Asset has ranged from 4.44 to 33.76. According to the industry distribution chart, JiangSu Changling Hydraulic Co ranks #996 out of 3089 companies in the Industrial Products industry, placing it in the top 32.2%.
Is JiangSu Changling Hydraulic Co's Return-on-Tangible-Asset too high?
JiangSu Changling Hydraulic Co's current Return-on-Tangible-Asset of 6.35% is 38% below median its 10-year median of 10.17. Over the past 10 years, this metric has ranged from a low of 4.44 to a high of 33.76. The Industrial Products industry median Return-on-Tangible-Asset is 3.43. JiangSu Changling Hydraulic Co's value of 6.35% is 85.1% above this industry median. Based on the distribution chart, JiangSu Changling Hydraulic Co ranks #996 out of 3089 companies in the Industrial Products industry, which is above the industry midpoint. Overall, JiangSu Changling Hydraulic Co has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does JiangSu Changling Hydraulic Co's Return-on-Tangible-Asset compare to SNA and RBC?
According to the Industrial Products industry distribution chart, JiangSu Changling Hydraulic Co ranks #996 out of 3089 companies for Return-on-Tangible-Asset. This puts JiangSu Changling Hydraulic Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.43. JiangSu Changling Hydraulic Co's value of 6.35% is 85.1% above this benchmark. Historically, JiangSu Changling Hydraulic Co's own Return-on-Tangible-Asset has ranged from 4.44 to 33.76 over the past decade. While the company's 10-year median is 10.17 vs. the industry median of 3.43, JiangSu Changling Hydraulic 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. JiangSu Changling Hydraulic Co's current Return-on-Tangible-Asset of 6.35% is 85.1% 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 JiangSu Changling Hydraulic 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. JiangSu Changling Hydraulic Co's current Return-on-Tangible-Asset is 6.35%, which is 38% below median its own 10-year median of 10.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JiangSu Changling Hydraulic Co stock overvalued right now?
Based on GuruFocus' analysis, JiangSu Changling Hydraulic Co (SHSE:605389) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥30.40, compared to a current price of ¥69.61 — trading 129% above its estimated fair value. The current Return-on-Tangible-Asset is 6.35%, which is 38% below median its 10-year median of 10.17 and 85.1% above the Industrial Products industry median of 3.43. JiangSu Changling Hydraulic Co's overall GF Score™ is 63/100 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 JiangSu Changling Hydraulic Co (SHSE:605389), the current Return-on-Tangible-Asset is 6.35% 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 JiangSu Changling Hydraulic Co (SHSE:605389) Overvalued in 2026?
Based on GuruFocus' analysis, JiangSu Changling Hydraulic Co stock appears to be overvalued.
The current stock price of ¥69.61 is trading 129% above its estimated GF Value™ of ¥30.40.
GuruFocus considers JiangSu Changling Hydraulic Co to be Significantly Overvalued.
Key valuation signals for SHSE:605389:
Return-on-Tangible-Asset: 6.35% (38% below median its 10-year median of 10.17)
GF Value™: ¥30.40 vs. price of ¥69.61 (129% above fair value)
Industry Position: 85.1% above the Industrial Products median (#996 of 3089)
No single metric tells the full story. See the SHSE:605389 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
JiangSu Changling Hydraulic Co Ltd is engaged in the research and development, production, and sales of key hydraulic components for construction machinery. The main products are hydraulic central rotary joints for construction machinery and hydraulic crawler tensioners, hydraulic valves and others.
63GF Score
Get the complete analysis for SHSE:605389
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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