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SHSE:688370's Return-on-Tangible-Asset is ranked worse than 56.68% of 247
companies
in the Waste Management industry
Industry Median: 2.29
vs SHSE:688370: 1.37
Shanghai Conglin Environmental Protection Technology Co (SHSE:688370) 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.
Shanghai Conglin Environmental Protection Technology Co Return-on-Tangible-Asset Related Terms
Shanghai Conglin Environmental Protection 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.
Shanghai Conglin Environmental Protection Technology Co Return-on-Tangible-Asset Chart
Shanghai Conglin Environmental Protection Technology Co Annual Data
* 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.
Shanghai Conglin Environmental Protection Technology Co Return-on-Tangible-Asset vs Waste Management 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 1.63% mean?
Shanghai Conglin Environmental Protection Technology Co (SHSE:688370) has a Return-on-Tangible-Asset of 1.63% 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 Shanghai Conglin Environmental Protection Technology Co and its competitors. This is 80% below median its historical median of 8.33. Over the past decade, Shanghai Conglin Environmental Protection Technology Co's Return-on-Tangible-Asset has ranged from 0.78 to 23.24. According to the industry distribution chart, Shanghai Conglin Environmental Protection Technology Co ranks #140 out of 247 companies in the Waste Management industry, placing it in the top 56.7%.
Is Shanghai Conglin Environmental Protection Technology Co's Return-on-Tangible-Asset too high?
Shanghai Conglin Environmental Protection Technology Co's current Return-on-Tangible-Asset of 1.63% is 80% below median its 10-year median of 8.33. Over the past 10 years, this metric has ranged from a low of 0.78 to a high of 23.24. The Waste Management industry median Return-on-Tangible-Asset is 2.29. Shanghai Conglin Environmental Protection Technology Co's value of 1.63% is 28.8% below this industry median. Based on the distribution chart, Shanghai Conglin Environmental Protection Technology Co ranks #140 out of 247 companies in the Waste Management industry, which is below the industry midpoint. Overall, Shanghai Conglin Environmental Protection Technology Co has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Conglin Environmental Protection Technology Co's Return-on-Tangible-Asset compare to WM and RSG?
According to the Waste Management industry distribution chart, Shanghai Conglin Environmental Protection Technology Co ranks #140 out of 247 companies for Return-on-Tangible-Asset. This places Shanghai Conglin Environmental Protection Technology Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.29. Shanghai Conglin Environmental Protection Technology Co's value of 1.63% is 28.8% below this benchmark. Historically, Shanghai Conglin Environmental Protection Technology Co's own Return-on-Tangible-Asset has ranged from 0.78 to 23.24 over the past decade. While the company's 10-year median is 8.33 vs. the industry median of 2.29, Shanghai Conglin Environmental Protection Technology Co has consistently been below 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 Waste Management company?
The median Return-on-Tangible-Asset among Waste Management companies is 2.29, based on 247 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. Shanghai Conglin Environmental Protection Technology Co's current Return-on-Tangible-Asset of 1.63% is 28.8% below 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 Shanghai Conglin Environmental Protection Technology Co and its competitors. For the Waste Management industry, the median Return-on-Tangible-Asset is 2.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Conglin Environmental Protection Technology Co's current Return-on-Tangible-Asset is 1.63%, which is 80% below median its own 10-year median of 8.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Conglin Environmental Protection Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Conglin Environmental Protection Technology Co (SHSE:688370) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥18.94, compared to a current price of ¥23.55 — trading 24.3% above its estimated fair value. The current Return-on-Tangible-Asset is 1.63%, which is 80% below median its 10-year median of 8.33 and 28.8% below the Waste Management industry median of 2.29. Shanghai Conglin Environmental Protection Technology Co's overall GF Score™ is 80/100 with 5 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 Shanghai Conglin Environmental Protection Technology Co (SHSE:688370), the current Return-on-Tangible-Asset is 1.63% 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 Shanghai Conglin Environmental Protection Technology Co (SHSE:688370) Overvalued in 2026?
Based on GuruFocus' analysis, Shanghai Conglin Environmental Protection Technology Co stock appears to be overvalued.
The current stock price of ¥23.55 is trading 24.3% above its estimated GF Value™ of ¥18.94.
GuruFocus considers Shanghai Conglin Environmental Protection Technology Co to be Modestly Overvalued.
Key valuation signals for SHSE:688370:
Return-on-Tangible-Asset: 1.63% (80% below median its 10-year median of 8.33)
GF Value™: ¥18.94 vs. price of ¥23.55 (24.3% above fair value)
Industry Position: 28.8% below the Waste Management median (#140 of 247)
No single metric tells the full story. See the SHSE:688370 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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