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SHSE:688011's Return-on-Tangible-Asset is ranked worse than 78.37% of 2501
companies
in the Hardware industry
Industry Median: 2.85
vs SHSE:688011: -4.20
Harbin Xinguang Optic-Electronics Technology Co (SHSE:688011) 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.
Harbin Xinguang Optic-Electronics Technology Co Return-on-Tangible-Asset Related Terms
Harbin Xinguang Optic-Electronics Technology 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.
Harbin Xinguang Optic-Electronics Technology Co Return-on-Tangible-Asset Chart
Harbin Xinguang Optic-Electronics Technology Co Annual Data
SHSE:688011 vs APH, GLW, TEL: Return-on-Tangible-Asset Comparison
For the Electronic Components subindustry, Harbin Xinguang Optic-Electronics Technology 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.
Harbin Xinguang Optic-Electronics Technology Co Return-on-Tangible-Asset vs Hardware 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 -6.07% mean?
Harbin Xinguang Optic-Electronics Technology Co (SHSE:688011) has a Return-on-Tangible-Asset of -6.07% 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 Harbin Xinguang Optic-Electronics Technology Co and its competitors. According to the industry distribution chart, Harbin Xinguang Optic-Electronics Technology Co ranks #1960 out of 2501 companies in the Hardware industry, placing it in the top 78.4%.
Is Harbin Xinguang Optic-Electronics Technology Co's Return-on-Tangible-Asset too high?
Harbin Xinguang Optic-Electronics Technology Co's current Return-on-Tangible-Asset is -6.07%. Based on the distribution chart, Harbin Xinguang Optic-Electronics Technology Co ranks #1960 out of 2501 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Harbin Xinguang Optic-Electronics Technology Co has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Harbin Xinguang Optic-Electronics Technology Co's Return-on-Tangible-Asset compare to APH and GLW?
According to the Hardware industry distribution chart, Harbin Xinguang Optic-Electronics Technology Co ranks #1960 out of 2501 companies for Return-on-Tangible-Asset. This places Harbin Xinguang Optic-Electronics Technology Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.85. 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 Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.85, based on 2,501 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. 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 Harbin Xinguang Optic-Electronics Technology Co and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harbin Xinguang Optic-Electronics Technology Co's current Return-on-Tangible-Asset is -6.07%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harbin Xinguang Optic-Electronics Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Harbin Xinguang Optic-Electronics Technology Co (SHSE:688011) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥23.44, compared to a current price of ¥79.00 — trading 237% above its estimated fair value. The current Return-on-Tangible-Asset is -6.07%. Harbin Xinguang Optic-Electronics Technology Co's overall GF Score™ is 58/100 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 Harbin Xinguang Optic-Electronics Technology Co (SHSE:688011), the current Return-on-Tangible-Asset is -6.07% 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 Harbin Xinguang Optic-Electronics Technology Co (SHSE:688011) Overvalued in 2026?
Based on GuruFocus' analysis, Harbin Xinguang Optic-Electronics Technology Co stock appears to be overvalued.
The current stock price of ¥79.00 is trading 237% above its estimated GF Value™ of ¥23.44.
GuruFocus considers Harbin Xinguang Optic-Electronics Technology Co to be Significantly Overvalued.
Key valuation signals for SHSE:688011:
Return-on-Tangible-Asset: -6.07%
GF Value™: ¥23.44 vs. price of ¥79.00 (237% above fair value)
No single metric tells the full story. See the SHSE:688011 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harbin Xinguang Optic-Electronics Technology Co Ltd is engaged in providing high-precision components, devices, systems and solutions for optical targets and scene simulation, optical guidance, optoelectronic-specific testing and laser countermeasures.
58GF Score
Get the complete analysis for SHSE:688011
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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