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The historical rank and industry rank for Zhiyang Innovation Technology Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:688191'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.28 Med: 10.75 Max: 19.68
Current: 3.97
During the past 13 years, Zhiyang Innovation Technology Co's highest Return-on-Tangible-Asset was 19.68%. The lowest was 2.28%. And the median was 10.75%.
SHSE:688191's Return-on-Tangible-Asset is ranked better than 54.68% of 3076
companies
in the Industrial Products industry
Industry Median: 3.33
vs SHSE:688191: 3.97
Zhiyang Innovation Technology Co (SHSE:688191) 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.
Zhiyang Innovation Technology Co Return-on-Tangible-Asset Related Terms
Zhiyang Innovation 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.
Zhiyang Innovation Technology Co Return-on-Tangible-Asset Chart
SHSE:688191 vs VRT, BE: Return-on-Tangible-Asset Comparison
For the Electrical Equipment & Parts subindustry, Zhiyang Innovation 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.
Zhiyang Innovation Technology Co Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Zhiyang Innovation Technology Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Zhiyang Innovation Technology 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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of -2.58% mean?
Zhiyang Innovation Technology Co (SHSE:688191) has a Return-on-Tangible-Asset of -2.58% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Zhiyang Innovation Technology Co and its competitors. Over the past decade, Zhiyang Innovation Technology Co's Return-on-Tangible-Asset has ranged from 2.28 to 19.68. According to the industry distribution chart, Zhiyang Innovation Technology Co ranks #1394 out of 3076 companies in the Industrial Products industry, placing it in the top 45.3%.
Is Zhiyang Innovation Technology Co's Return-on-Tangible-Asset too high?
Zhiyang Innovation Technology Co's current Return-on-Tangible-Asset is -2.58%. Over the past 10 years, this metric has ranged from a low of 2.28 to a high of 19.68. Based on the distribution chart, Zhiyang Innovation Technology Co ranks #1394 out of 3076 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Zhiyang Innovation Technology Co has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zhiyang Innovation Technology Co's Return-on-Tangible-Asset compare to VRT and BE?
According to the Industrial Products industry distribution chart, Zhiyang Innovation Technology Co ranks #1394 out of 3076 companies for Return-on-Tangible-Asset. This puts Zhiyang Innovation Technology Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.33. Historically, Zhiyang Innovation Technology Co's own Return-on-Tangible-Asset has ranged from 2.28 to 19.68 over the past decade. 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 3.33, based on 3,076 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 Zhiyang Innovation Technology Co and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhiyang Innovation Technology Co's current Return-on-Tangible-Asset is -2.58%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhiyang Innovation Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Zhiyang Innovation Technology Co (SHSE:688191) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥16.03, compared to a current price of ¥23.28 — trading 45.2% above its estimated fair value. The current Return-on-Tangible-Asset is -2.58%. Zhiyang Innovation Technology Co's overall GF Score™ is 83/100 with 7 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 Zhiyang Innovation Technology Co (SHSE:688191), the current Return-on-Tangible-Asset is -2.58% as of Mar. 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 Zhiyang Innovation Technology Co (SHSE:688191) Overvalued in 2026?
Based on GuruFocus' analysis, Zhiyang Innovation Technology Co stock appears to be overvalued.
The current stock price of ¥23.28 is trading 45.2% above its estimated GF Value™ of ¥16.03.
GuruFocus considers Zhiyang Innovation Technology Co to be Significantly Overvalued.
Key valuation signals for SHSE:688191:
Return-on-Tangible-Asset: -2.58%
GF Value™: ¥16.03 vs. price of ¥23.28 (45.2% above fair value)
No single metric tells the full story. See the SHSE:688191 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhiyang Innovation Technology Co Ltd provides an intelligent operation and maintenance analysis and management system that integrates monitoring, management, analysis, early warning, alarm, and linkage. The company's products have covered intelligent operation and maintenance of power grid transmission, transformation, and power distribution.
83GF Score
Get the complete analysis for SHSE:688191
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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