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Hangzhou Pinming Software CoSHSE:688109 -1.13%67 Return-on-Tangible-Asset is 6.95% as of Jun. 2026, which is 62% below its 10-year median of 18.14. GuruFocus rates SHSE:688109 with a GF Score™ of 67/100 and a GF Value™ of ¥25.11 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,896 Software companies, Hangzhou Pinming Software Co ranks worse than 51.04% on this metric.
The historical rank and industry rank for Hangzhou Pinming Software Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:688109'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -5.67 Med: 18.14 Max: 42.2
Current: 1.88
During the past 13 years, Hangzhou Pinming Software Co's highest Return-on-Tangible-Asset was 42.20%. The lowest was -5.67%. And the median was 18.14%.
SHSE:688109's Return-on-Tangible-Asset is ranked worse than 51.04% of 2896
companies
in the Software industry
Industry Median: 2.175
vs SHSE:688109: 1.88
Hangzhou Pinming Software Co (SHSE:688109) 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.
Hangzhou Pinming Software Co Return-on-Tangible-Asset Related Terms
Hangzhou Pinming Software 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.
Hangzhou Pinming Software Co Return-on-Tangible-Asset Chart
SHSE:688109 vs QH, SHOP, UBER: Return-on-Tangible-Asset Comparison
For the Software - Application subindustry, Hangzhou Pinming Software 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.
Hangzhou Pinming Software Co Return-on-Tangible-Asset vs Software Industry
For the Software industry and Technology sector, Hangzhou Pinming Software Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Hangzhou Pinming Software 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 6.95% mean?
Hangzhou Pinming Software Co (SHSE:688109) has a Return-on-Tangible-Asset of 6.95% 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 Hangzhou Pinming Software Co and its competitors. This is 62% below median its historical median of 18.14. According to the industry distribution chart, Hangzhou Pinming Software Co ranks #1478 out of 2896 companies in the Software industry, placing it in the top 51%.
Is Hangzhou Pinming Software Co's Return-on-Tangible-Asset too high?
Hangzhou Pinming Software Co's current Return-on-Tangible-Asset of 6.95% is 62% below median its 10-year median of 18.14. The Software industry median Return-on-Tangible-Asset is 2.18. Hangzhou Pinming Software Co's value of 6.95% is 219.5% above this industry median. Based on the distribution chart, Hangzhou Pinming Software Co ranks #1478 out of 2896 companies in the Software industry, which is below the industry midpoint. Overall, Hangzhou Pinming Software 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 Hangzhou Pinming Software Co's Return-on-Tangible-Asset compare to QH and SHOP?
According to the Software industry distribution chart, Hangzhou Pinming Software Co ranks #1478 out of 2896 companies for Return-on-Tangible-Asset. This places Hangzhou Pinming Software Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.18. Hangzhou Pinming Software Co's value of 6.95% is 219.5% above this benchmark. While the company's 10-year median is 18.14 vs. the industry median of 2.18, Hangzhou Pinming Software 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 Software company?
The median Return-on-Tangible-Asset among Software companies is 2.18, based on 2,896 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. Hangzhou Pinming Software Co's current Return-on-Tangible-Asset of 6.95% is 219.5% 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 Hangzhou Pinming Software Co and its competitors. For the Software industry, the median Return-on-Tangible-Asset is 2.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hangzhou Pinming Software Co's current Return-on-Tangible-Asset is 6.95%, which is 62% below median its own 10-year median of 18.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hangzhou Pinming Software Co stock overvalued right now?
Based on GuruFocus' analysis, Hangzhou Pinming Software Co (SHSE:688109) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥25.11, compared to a current price of ¥70.13 — trading 179.3% above its estimated fair value. The current Return-on-Tangible-Asset is 6.95%, which is 62% below median its 10-year median of 18.14 and 219.5% above the Software industry median of 2.18. Hangzhou Pinming Software Co's overall GF Score™ is 67/100 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 Hangzhou Pinming Software Co (SHSE:688109), the current Return-on-Tangible-Asset is 6.95% 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 Hangzhou Pinming Software Co (SHSE:688109) Overvalued in 2026?
Based on GuruFocus' analysis, Hangzhou Pinming Software Co stock appears to be overvalued.
The current stock price of ¥70.13 is trading 179.3% above its estimated GF Value™ of ¥25.11.
GuruFocus considers Hangzhou Pinming Software Co to be Significantly Overvalued.
Key valuation signals for SHSE:688109:
Return-on-Tangible-Asset: 6.95% (62% below median its 10-year median of 18.14)
GF Value™: ¥25.11 vs. price of ¥70.13 (179.3% above fair value)
Industry Position: 219.5% above the Software median (#1478 of 2896)
No single metric tells the full story. See the SHSE:688109 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hangzhou Pinming Software Co Ltd is a provider of applied technology and products of digital construction in the construction phase. It focuses on the field of engineering construction information technology. Its business covers engineering cost, construction software, BIM software, smart construction sites, and universities. , Industry supervision, infrastructure and others.
67GF Score
Get the complete analysis for SHSE:688109
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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