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.
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. Hebei Ruixing Gas Equipment Co's annualized net income for the quarter that ended in Jun. 2026 was ¥-50.2 Mil. Hebei Ruixing Gas Equipment Co's average shareholder tangible equity for the quarter that ended in Jun. 2026 was ¥528.3 Mil. Therefore, Hebei Ruixing Gas Equipment Co's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was -9.51%.
The historical rank and industry rank for Hebei Ruixing Gas Equipment Co's Return-on-Tangible-Equity or its related term are showing as below:
BJSE:920717'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -5.04 Med: 11.25 Max: 27.44
Current: -5.04
During the past 13 years, Hebei Ruixing Gas Equipment Co's highest Return-on-Tangible-Equity was 27.44%. The lowest was -5.04%. And the median was 11.25%.
BJSE:920717's Return-on-Tangible-Equity is ranked worse than 75.34% of 949
companies
in the Oil & Gas industry
Industry Median: 8.4
vs BJSE:920717: -5.04
Hebei Ruixing Gas Equipment Co (BJSE:920717) 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.
Hebei Ruixing Gas Equipment Co Return-on-Tangible-Equity Related Terms
Hebei Ruixing Gas Equipment 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.
Hebei Ruixing Gas Equipment Co Return-on-Tangible-Equity Chart
BJSE:920717 vs SLB, BKR, HAL: Return-on-Tangible-Equity Comparison
For the Oil & Gas Equipment & Services subindustry, Hebei Ruixing Gas Equipment 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.
Hebei Ruixing Gas Equipment Co Return-on-Tangible-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Hebei Ruixing Gas Equipment Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Hebei Ruixing Gas Equipment 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 (Jun. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of -9.51% mean?
Hebei Ruixing Gas Equipment Co (BJSE:920717) has a Return-on-Tangible-Equity of -9.51% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Hebei Ruixing Gas Equipment Co and its competitors. According to the industry distribution chart, Hebei Ruixing Gas Equipment Co ranks #715 out of 949 companies in the Oil & Gas industry, placing it in the top 75.3%.
Is Hebei Ruixing Gas Equipment Co's Return-on-Tangible-Equity too high?
Hebei Ruixing Gas Equipment Co's current Return-on-Tangible-Equity is -9.51%. Based on the distribution chart, Hebei Ruixing Gas Equipment Co ranks #715 out of 949 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Hebei Ruixing Gas Equipment Co has a GF Score™ of 61/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hebei Ruixing Gas Equipment Co's Return-on-Tangible-Equity compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Hebei Ruixing Gas Equipment Co ranks #715 out of 949 companies for Return-on-Tangible-Equity. This places Hebei Ruixing Gas Equipment Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 8.40. 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 Oil & Gas company?
The median Return-on-Tangible-Equity among Oil & Gas companies is 8.40, based on 949 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. 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 Hebei Ruixing Gas Equipment Co and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Equity is 8.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hebei Ruixing Gas Equipment Co's current Return-on-Tangible-Equity is -9.51%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hebei Ruixing Gas Equipment Co stock overvalued right now?
Based on GuruFocus' analysis, Hebei Ruixing Gas Equipment Co (BJSE:920717) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥6.51, compared to a current price of ¥7.21 — trading 10.8% above its estimated fair value. The current Return-on-Tangible-Equity is -9.51%. Hebei Ruixing Gas Equipment Co's overall GF Score™ is 61/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Hebei Ruixing Gas Equipment Co (BJSE:920717), the current Return-on-Tangible-Equity is -9.51% 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 Hebei Ruixing Gas Equipment Co (BJSE:920717) Overvalued in 2026?
Based on GuruFocus' analysis, Hebei Ruixing Gas Equipment Co stock appears to be overvalued.
The current stock price of ¥7.21 is trading 10.8% above its estimated GF Value™ of ¥6.51.
GuruFocus considers Hebei Ruixing Gas Equipment Co to be Modestly Overvalued.
Key valuation signals for BJSE:920717:
Return-on-Tangible-Equity: -9.51%
GF Value™: ¥6.51 vs. price of ¥7.21 (10.8% above fair value)
No single metric tells the full story. See the BJSE:920717 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hebei Ruixing Gas Equipment Co Ltd is engaged in Research and development, design, production and sales of pressure regulating equipment in urban gas transmission and distribution systems.
61GF Score
Get the complete analysis for BJSE:920717
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:920717 has been successfully added to your 
