Shenzhen ExpresswaySHZNF 72 Return-on-Tangible-Asset is 4.45% as of Mar. 2026, which is 42% below its 10-year median of 7.68. GuruFocus rates SHZNF with a GF Score™ of 72/100 and a GF Value™ of $1.07. The stock has 7 warning signs investors should review. Among 1,779 Construction companies, Shenzhen Expressway ranks worse than 53.68% 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. Shenzhen Expressway's annualizedNet Income for the quarter that ended in Mar. 2026 was $296 Mil. Shenzhen Expressway's average total tangible assets for the quarter that ended in Mar. 2026 was $6,650 Mil. Therefore, Shenzhen Expressway's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 4.45%.
The historical rank and industry rank for Shenzhen Expressway's Return-on-Tangible-Asset or its related term are showing as below:
SHZNF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.51 Med: 7.68 Max: 20.13
Current: 2.51
During the past 13 years, Shenzhen Expressway's highest Return-on-Tangible-Asset was 20.13%. The lowest was 2.51%. And the median was 7.68%.
SHZNF's Return-on-Tangible-Asset is ranked worse than 53.68% of 1779
companies
in the Construction industry
Industry Median: 3.03
vs SHZNF: 2.51
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.
Shenzhen Expressway Return-on-Tangible-Asset Related Terms
Shenzhen Expressway Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Shenzhen Expressway'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.
For the Infrastructure Operations subindustry, Shenzhen Expressway'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.
Shenzhen Expressway Return-on-Tangible-Asset vs Construction Industry
For the Construction industry and Industrials sector, Shenzhen Expressway's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Shenzhen Expressway'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 4.45% mean?
Shenzhen Expressway (SHZNF) has a Return-on-Tangible-Asset of 4.45% 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 Shenzhen Expressway and its competitors. This is 42% below median its historical median of 7.68. Over the past decade, Shenzhen Expressway's Return-on-Tangible-Asset has ranged from 2.51 to 20.13. According to the industry distribution chart, Shenzhen Expressway ranks #955 out of 1779 companies in the Construction industry, placing it in the top 53.7%.
Is Shenzhen Expressway's Return-on-Tangible-Asset too high?
Shenzhen Expressway's current Return-on-Tangible-Asset of 4.45% is 42% below median its 10-year median of 7.68. Over the past 10 years, this metric has ranged from a low of 2.51 to a high of 20.13. The Construction industry median Return-on-Tangible-Asset is 3.03. Shenzhen Expressway's value of 4.45% is 46.9% above this industry median. Based on the distribution chart, Shenzhen Expressway ranks #955 out of 1779 companies in the Construction industry, which is below the industry midpoint. Overall, Shenzhen Expressway has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Shenzhen Expressway's Return-on-Tangible-Asset compare to competitors?
According to the Construction industry distribution chart, Shenzhen Expressway ranks #955 out of 1779 companies for Return-on-Tangible-Asset. This places Shenzhen Expressway in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.03. Shenzhen Expressway's value of 4.45% is 46.9% above this benchmark. Historically, Shenzhen Expressway's own Return-on-Tangible-Asset has ranged from 2.51 to 20.13 over the past decade. While the company's 10-year median is 7.68 vs. the industry median of 3.03, Shenzhen Expressway 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 Construction company?
The median Return-on-Tangible-Asset among Construction companies is 3.03, based on 1,779 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. Shenzhen Expressway's current Return-on-Tangible-Asset of 4.45% is 46.9% 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 Shenzhen Expressway and its competitors. For the Construction industry, the median Return-on-Tangible-Asset is 3.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shenzhen Expressway's current Return-on-Tangible-Asset is 4.45%, which is 42% below median its own 10-year median of 7.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shenzhen Expressway stock overvalued right now?
Shenzhen Expressway (SHZNF) has a current Return-on-Tangible-Asset of 4.45%. The stock's GF Value™ is $1.07, compared to a current price of $0.95 — trading 11.2% below its estimated fair value. The current Return-on-Tangible-Asset is 4.45%, which is 42% below median its 10-year median of 7.68 and 46.9% above the Construction industry median of 3.03. Shenzhen Expressway's overall GF Score™ is 72/100 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 Shenzhen Expressway (SHZNF), the current Return-on-Tangible-Asset is 4.45% 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 Shenzhen Expressway (SHZNF) Overvalued in 2026?
Based on GuruFocus' analysis, Shenzhen Expressway stock appears to be undervalued.
The current stock price of $0.95 is trading 11.2% below its estimated GF Value™ of $1.07.
Key valuation signals for SHZNF:
Return-on-Tangible-Asset: 4.45% (42% below median its 10-year median of 7.68)
GF Value™: $1.07 vs. price of $0.95 (11.2% below fair value)
Industry Position: 46.9% above the Construction median (#955 of 1779)
No single metric tells the full story. See the SHZNF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shenzhen Expressway Corp Ltd is engaged in the construction, operation, management, and investment of toll highways and environmental protection in China. The Group has identified two reporting segments, namely the toll road segment and the environmental protection segment. The toll road segment takes charge of the operation and management of toll roads in Mainland China. The environmental protection segment operates and manages environmentally related infrastructure, mainly including solid waste treatment, clean energy, and other related fields. The majority of its revenue is derived from the toll road segment.
72GF Score
Get the complete analysis for SHZNF
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SHZNF has been successfully added to your 
