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Ningbo Qrunning Cable CoBJSE:920682 80 Return-on-Tangible-Equity is 2.45% as of Mar. 2026, which is 81% below its 10-year median of 12.88. GuruFocus rates BJSE:920682 with a GF Score™ of 80/100 and a GF Value™ of ¥6.67 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 2,973 Industrial Products companies, Ningbo Qrunning Cable Co ranks better than 55.57% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Ningbo Qrunning Cable Co's annualized net income for the quarter that ended in Mar. 2026 was ¥27 Mil. Ningbo Qrunning Cable Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥1,095 Mil. Therefore, Ningbo Qrunning Cable Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 2.45%.
The historical rank and industry rank for Ningbo Qrunning Cable Co's Return-on-Tangible-Equity or its related term are showing as below:
BJSE:920682'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 8.12 Med: 12.88 Max: 18.72
Current: 8.12
During the past 13 years, Ningbo Qrunning Cable Co's highest Return-on-Tangible-Equity was 18.72%. The lowest was 8.12%. And the median was 12.88%.
BJSE:920682's Return-on-Tangible-Equity is ranked better than 55.57% of 2973
companies
in the Industrial Products industry
Industry Median: 6.79
vs BJSE:920682: 8.12
Ningbo Qrunning Cable Co (BJSE:920682) 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.
Ningbo Qrunning Cable Co Return-on-Tangible-Equity Related Terms
Ningbo Qrunning Cable Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Ningbo Qrunning Cable Co's Return-on-Tangible-Equity 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.
Ningbo Qrunning Cable Co Return-on-Tangible-Equity Chart
BJSE:920682 vs VRT, BE: Return-on-Tangible-Equity Comparison
For the Electrical Equipment & Parts subindustry, Ningbo Qrunning Cable 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.
Ningbo Qrunning Cable Co Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ningbo Qrunning Cable Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Ningbo Qrunning Cable 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 2.45% mean?
Ningbo Qrunning Cable Co (BJSE:920682) has a Return-on-Tangible-Equity of 2.45% 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 Ningbo Qrunning Cable Co and its competitors. This is 81% below median its historical median of 12.88. Over the past decade, Ningbo Qrunning Cable Co's Return-on-Tangible-Equity has ranged from 8.12 to 18.72. According to the industry distribution chart, Ningbo Qrunning Cable Co ranks #1321 out of 2973 companies in the Industrial Products industry, placing it in the top 44.4%.
Is Ningbo Qrunning Cable Co's Return-on-Tangible-Equity too high?
Ningbo Qrunning Cable Co's current Return-on-Tangible-Equity of 2.45% is 81% below median its 10-year median of 12.88. Over the past 10 years, this metric has ranged from a low of 8.12 to a high of 18.72. The Industrial Products industry median Return-on-Tangible-Equity is 6.79. Ningbo Qrunning Cable Co's value of 2.45% is 63.9% below this industry median. Based on the distribution chart, Ningbo Qrunning Cable Co ranks #1321 out of 2973 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Ningbo Qrunning Cable Co has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Qrunning Cable Co's Return-on-Tangible-Equity compare to VRT and BE?
According to the Industrial Products industry distribution chart, Ningbo Qrunning Cable Co ranks #1321 out of 2973 companies for Return-on-Tangible-Equity. This puts Ningbo Qrunning Cable Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.79. Ningbo Qrunning Cable Co's value of 2.45% is 63.9% below this benchmark. Historically, Ningbo Qrunning Cable Co's own Return-on-Tangible-Equity has ranged from 8.12 to 18.72 over the past decade. While the company's 10-year median is 12.88 vs. the industry median of 6.79, Ningbo Qrunning Cable 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 an Industrial Products company?
The median Return-on-Tangible-Equity among Industrial Products companies is 6.79, based on 2,973 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. Ningbo Qrunning Cable Co's current Return-on-Tangible-Equity of 2.45% is 63.9% 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 Ningbo Qrunning Cable Co and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo Qrunning Cable Co's current Return-on-Tangible-Equity is 2.45%, which is 81% below median its own 10-year median of 12.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Qrunning Cable Co stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Qrunning Cable Co (BJSE:920682) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥6.67, compared to a current price of ¥5.88 — trading 11.8% below its estimated fair value. The current Return-on-Tangible-Equity is 2.45%, which is 81% below median its 10-year median of 12.88 and 63.9% below the Industrial Products industry median of 6.79. Ningbo Qrunning Cable Co's overall GF Score™ is 80/100 with 8 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 Ningbo Qrunning Cable Co (BJSE:920682), the current Return-on-Tangible-Equity is 2.45% 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 Ningbo Qrunning Cable Co (BJSE:920682) Overvalued in 2026?
Based on GuruFocus' analysis, Ningbo Qrunning Cable Co stock appears to be undervalued.
The current stock price of ¥5.88 is trading 11.8% below its estimated GF Value™ of ¥6.67.
GuruFocus considers Ningbo Qrunning Cable Co to be Modestly Undervalued.
Key valuation signals for BJSE:920682:
Return-on-Tangible-Equity: 2.45% (81% below median its 10-year median of 12.88)
GF Value™: ¥6.67 vs. price of ¥5.88 (11.8% below fair value)
Industry Position: 63.9% below the Industrial Products median (#1321 of 2973)
No single metric tells the full story. See the BJSE:920682 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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