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Wave Cyber (Shanghai) CoSHSE:688718 +4.43%84 Return-on-Tangible-Asset is 4.78% as of Mar. 2026, which is 43% below its 10-year median of 8.36. GuruFocus rates SHSE:688718 with a GF Score™ of 84/100 and a GF Value™ of ¥15.14 (Fairly Valued). The stock has 3 warning signs investors should review. Among 247 Waste Management companies, Wave Cyber (Shanghai) Co ranks better than 70.85% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Wave Cyber (Shanghai) Co's annualizedNet Income for the quarter that ended in Mar. 2026 was ¥39.8 Mil. Wave Cyber (Shanghai) Co's average total tangible assets for the quarter that ended in Mar. 2026 was ¥832.3 Mil. Therefore, Wave Cyber (Shanghai) Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 4.78%.
The historical rank and industry rank for Wave Cyber (Shanghai) Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:688718'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.2 Med: 8.36 Max: 14.48
Current: 6
During the past 9 years, Wave Cyber (Shanghai) Co's highest Return-on-Tangible-Asset was 14.48%. The lowest was 4.20%. And the median was 8.36%.
SHSE:688718's Return-on-Tangible-Asset is ranked better than 70.85% of 247
companies
in the Waste Management industry
Industry Median: 2.29
vs SHSE:688718: 6.00
Wave Cyber (Shanghai) Co (SHSE:688718) 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.
Wave Cyber (Shanghai) Co Return-on-Tangible-Asset Related Terms
Wave Cyber (Shanghai) Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Wave Cyber (Shanghai) Co's Return-on-Tangible-Asset can be seen below:
* 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.
Wave Cyber (Shanghai) Co Return-on-Tangible-Asset Chart
SHSE:688718 vs WM, RSG, WCN: Return-on-Tangible-Asset Comparison
For the Waste Management subindustry, Wave Cyber (Shanghai) 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.
Wave Cyber (Shanghai) Co Return-on-Tangible-Asset vs Waste Management Industry
For the Waste Management industry and Industrials sector, Wave Cyber (Shanghai) Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Wave Cyber (Shanghai) 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 4.78% mean?
Wave Cyber (Shanghai) Co (SHSE:688718) has a Return-on-Tangible-Asset of 4.78% 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 Wave Cyber (Shanghai) Co and its competitors. This is 43% below median its historical median of 8.36. Over the past decade, Wave Cyber (Shanghai) Co's Return-on-Tangible-Asset has ranged from 4.20 to 14.48. According to the industry distribution chart, Wave Cyber (Shanghai) Co ranks #72 out of 247 companies in the Waste Management industry, placing it in the top 29.1%.
Is Wave Cyber (Shanghai) Co's Return-on-Tangible-Asset too high?
Wave Cyber (Shanghai) Co's current Return-on-Tangible-Asset of 4.78% is 43% below median its 10-year median of 8.36. Over the past 10 years, this metric has ranged from a low of 4.20 to a high of 14.48. The Waste Management industry median Return-on-Tangible-Asset is 2.29. Wave Cyber (Shanghai) Co's value of 4.78% is 108.7% above this industry median. Based on the distribution chart, Wave Cyber (Shanghai) Co ranks #72 out of 247 companies in the Waste Management industry, which is above the industry midpoint. Overall, Wave Cyber (Shanghai) Co has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Wave Cyber (Shanghai) Co's Return-on-Tangible-Asset compare to WM and RSG?
According to the Waste Management industry distribution chart, Wave Cyber (Shanghai) Co ranks #72 out of 247 companies for Return-on-Tangible-Asset. This puts Wave Cyber (Shanghai) Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.29. Wave Cyber (Shanghai) Co's value of 4.78% is 108.7% above this benchmark. Historically, Wave Cyber (Shanghai) Co's own Return-on-Tangible-Asset has ranged from 4.20 to 14.48 over the past decade. While the company's 10-year median is 8.36 vs. the industry median of 2.29, Wave Cyber (Shanghai) 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 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. Wave Cyber (Shanghai) Co's current Return-on-Tangible-Asset of 4.78% is 108.7% 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 Wave Cyber (Shanghai) 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. Wave Cyber (Shanghai) Co's current Return-on-Tangible-Asset is 4.78%, which is 43% below median its own 10-year median of 8.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wave Cyber (Shanghai) Co stock overvalued right now?
Based on GuruFocus' analysis, Wave Cyber (Shanghai) Co (SHSE:688718) is currently considered Fairly Valued. The stock's GF Value™ is ¥15.14, compared to a current price of ¥14.63 — trading 3.4% below its estimated fair value. The current Return-on-Tangible-Asset is 4.78%, which is 43% below median its 10-year median of 8.36 and 108.7% above the Waste Management industry median of 2.29. Wave Cyber (Shanghai) Co's overall GF Score™ is 84/100 with 3 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 Wave Cyber (Shanghai) Co (SHSE:688718), the current Return-on-Tangible-Asset is 4.78% 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 Wave Cyber (Shanghai) Co (SHSE:688718) Overvalued in 2026?
Based on GuruFocus' analysis, Wave Cyber (Shanghai) Co stock appears to be undervalued.
The current stock price of ¥14.63 is trading 3.4% below its estimated GF Value™ of ¥15.14.
GuruFocus considers Wave Cyber (Shanghai) Co to be Fairly Valued.
Key valuation signals for SHSE:688718:
Return-on-Tangible-Asset: 4.78% (43% below median its 10-year median of 8.36)
GF Value™: ¥15.14 vs. price of ¥14.63 (3.4% below fair value)
Industry Position: 108.7% above the Waste Management median (#72 of 247)
No single metric tells the full story. See the SHSE:688718 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wave Cyber (Shanghai) Co Ltd is a manufacturer of components for the residential, commercial, industrial and municipal water treatment industries. The products include full lines of fiberglass pressure tanks, brine tanks/cabinets, membrane pressure vessels and others.
84GF Score
Get the complete analysis for SHSE:688718
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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