Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Qingdao Taide Automobile Bearing CoBJSE:920378 76 Return-on-Tangible-Equity is 1.96% as of Mar. 2026, which is 84% below its 10-year median of 12.10. GuruFocus rates BJSE:920378 with a GF Score™ of 76/100 and a GF Value™ of ¥9.02 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,284 Vehicles & Parts companies, Qingdao Taide Automobile Bearing Co ranks worse than 56.15% on this metric.
The historical rank and industry rank for Qingdao Taide Automobile Bearing Co's Return-on-Tangible-Equity or its related term are showing as below:
BJSE:920378'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.23 Med: 12.1 Max: 30.18
Current: 6.19
During the past 13 years, Qingdao Taide Automobile Bearing Co's highest Return-on-Tangible-Equity was 30.18%. The lowest was 2.23%. And the median was 12.10%.
BJSE:920378's Return-on-Tangible-Equity is ranked worse than 56.15% of 1284
companies
in the Vehicles & Parts industry
Industry Median: 7.86
vs BJSE:920378: 6.19
Qingdao Taide Automobile Bearing Co (BJSE:920378) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Qingdao Taide Automobile Bearing Co Return-on-Tangible-Equity Related Terms
Qingdao Taide Automobile Bearing Co Return-on-Tangible-Equity 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.
Qingdao Taide Automobile Bearing Co Return-on-Tangible-Equity Chart
BJSE:920378 vs ORLY, AZO: Return-on-Tangible-Equity Comparison
For the Auto Parts subindustry, Qingdao Taide Automobile Bearing Co's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
Qingdao Taide Automobile Bearing Co Return-on-Tangible-Equity vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Qingdao Taide Automobile Bearing Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Qingdao Taide Automobile Bearing Co's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 1.96% mean?
Qingdao Taide Automobile Bearing Co (BJSE:920378) has a Return-on-Tangible-Equity of 1.96% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Qingdao Taide Automobile Bearing Co and its competitors. This is 84% below median its historical median of 12.10. Over the past decade, Qingdao Taide Automobile Bearing Co's Return-on-Tangible-Equity has ranged from 2.23 to 30.18. According to the industry distribution chart, Qingdao Taide Automobile Bearing Co ranks #721 out of 1284 companies in the Vehicles & Parts industry, placing it in the top 56.2%.
Is Qingdao Taide Automobile Bearing Co's Return-on-Tangible-Equity too high?
Qingdao Taide Automobile Bearing Co's current Return-on-Tangible-Equity of 1.96% is 84% below median its 10-year median of 12.10. Over the past 10 years, this metric has ranged from a low of 2.23 to a high of 30.18. The Vehicles & Parts industry median Return-on-Tangible-Equity is 7.86. Qingdao Taide Automobile Bearing Co's value of 1.96% is 75.1% below this industry median. Based on the distribution chart, Qingdao Taide Automobile Bearing Co ranks #721 out of 1284 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Qingdao Taide Automobile Bearing Co has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Qingdao Taide Automobile Bearing Co's Return-on-Tangible-Equity compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Qingdao Taide Automobile Bearing Co ranks #721 out of 1284 companies for Return-on-Tangible-Equity. This places Qingdao Taide Automobile Bearing Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.86. Qingdao Taide Automobile Bearing Co's value of 1.96% is 75.1% below this benchmark. Historically, Qingdao Taide Automobile Bearing Co's own Return-on-Tangible-Equity has ranged from 2.23 to 30.18 over the past decade. While the company's 10-year median is 12.10 vs. the industry median of 7.86, Qingdao Taide Automobile Bearing 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-Equity for a Vehicles & Parts company?
The median Return-on-Tangible-Equity among Vehicles & Parts companies is 7.86, based on 1,284 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Qingdao Taide Automobile Bearing Co's current Return-on-Tangible-Equity of 1.96% is 75.1% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Qingdao Taide Automobile Bearing Co and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Equity is 7.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Qingdao Taide Automobile Bearing Co's current Return-on-Tangible-Equity is 1.96%, which is 84% below median its own 10-year median of 12.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qingdao Taide Automobile Bearing Co stock overvalued right now?
Based on GuruFocus' analysis, Qingdao Taide Automobile Bearing Co (BJSE:920378) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥9.02, compared to a current price of ¥7.38 — trading 18.2% below its estimated fair value. The current Return-on-Tangible-Equity is 1.96%, which is 84% below median its 10-year median of 12.10 and 75.1% below the Vehicles & Parts industry median of 7.86. Qingdao Taide Automobile Bearing Co's overall GF Score™ is 76/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Qingdao Taide Automobile Bearing Co (BJSE:920378), the current Return-on-Tangible-Equity is 1.96% 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 Qingdao Taide Automobile Bearing Co (BJSE:920378) Overvalued in 2026?
Based on GuruFocus' analysis, Qingdao Taide Automobile Bearing Co stock appears to be undervalued.
The current stock price of ¥7.38 is trading 18.2% below its estimated GF Value™ of ¥9.02.
GuruFocus considers Qingdao Taide Automobile Bearing Co to be Modestly Undervalued.
Key valuation signals for BJSE:920378:
Return-on-Tangible-Equity: 1.96% (84% below median its 10-year median of 12.10)
GF Value™: ¥9.02 vs. price of ¥7.38 (18.2% below fair value)
Industry Position: 75.1% below the Vehicles & Parts median (#721 of 1284)
No single metric tells the full story. See the BJSE:920378 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Qingdao Taide Automobile Bearing Co Ltd engages in the manufacturing and sales of high-precision special bearings for automobiles. It mainly produces high-quality automotive engine gear with specially used bearings: Automobile Air-condition compressor electromagnetic clutch bearing, tension bearing and unit for automotive engine, idler bearing, and unit, automotive engine intelligence fan clutch bearing, automotive silicone oil fan clutch bearing, automotive water pump bearing, precision bearing used in automotive engine auxiliary device, mower bearing.
76GF Score
Get the complete analysis for BJSE:920378
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BJSE:920378 has been successfully added to your 
