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. China Ecotourism Group's annualized net income for the quarter that ended in Dec. 2025 was €-6.46 Mil. China Ecotourism Group's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €-81.96 Mil. Therefore, China Ecotourism Group's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was N/A%.
The historical rank and industry rank for China Ecotourism Group's Return-on-Tangible-Equity or its related term are showing as below:
During the past 13 years, China Ecotourism Group's highest Return-on-Tangible-Equity was 10.18%. The lowest was -1,541.34%. And the median was -48.08%.
FRA:WORA's Return-on-Tangible-Equity is not ranked *
in the Travel & Leisure industry.
Industry Median: 7.69 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
China Ecotourism Group (FRA:WORA) 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.
China Ecotourism Group Return-on-Tangible-Equity Related Terms
China Ecotourism Group Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for China Ecotourism Group'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.
China Ecotourism Group Return-on-Tangible-Equity Chart
FRA:WORA vs FLUT, DKNG, SGHC: Return-on-Tangible-Equity Comparison
For the Gambling subindustry, China Ecotourism Group'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.
China Ecotourism Group Return-on-Tangible-Equity vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, China Ecotourism Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where China Ecotourism Group'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 two times the semi-annual (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 0.00% mean?
China Ecotourism Group (FRA:WORA) has a Return-on-Tangible-Equity of 0.00% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on China Ecotourism Group and its competitors. According to the industry distribution chart, China Ecotourism Group ranks #999999 out of 793 companies in the Travel & Leisure industry.
Is China Ecotourism Group's Return-on-Tangible-Equity too high?
China Ecotourism Group's current Return-on-Tangible-Equity is 0.00%. Based on the distribution chart, China Ecotourism Group ranks #999999 out of 793 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, China Ecotourism Group has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does China Ecotourism Group's Return-on-Tangible-Equity compare to FLUT and DKNG?
According to the Travel & Leisure industry distribution chart, China Ecotourism Group ranks #999999 out of 793 companies for Return-on-Tangible-Equity. This places China Ecotourism Group in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.69. 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 Travel & Leisure company?
The median Return-on-Tangible-Equity among Travel & Leisure companies is 7.69, based on 793 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 China Ecotourism Group and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Equity is 7.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Ecotourism Group's current Return-on-Tangible-Equity is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Ecotourism Group stock overvalued right now?
China Ecotourism Group (FRA:WORA) has a current Return-on-Tangible-Equity of 0.00%. The stock's GF Value™ is €0.18, compared to a current price of €0.12 — trading 33.3% below its estimated fair value. The current Return-on-Tangible-Equity is 0.00%. China Ecotourism Group's overall GF Score™ is 38/100 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 China Ecotourism Group (FRA:WORA), the current Return-on-Tangible-Equity is 0.00% as of Dec. 2025. 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 China Ecotourism Group (FRA:WORA) Overvalued in 2026?
Based on GuruFocus' analysis, China Ecotourism Group stock appears to be undervalued.
The current stock price of €0.12 is trading 33.3% below its estimated GF Value™ of €0.18.
Key valuation signals for FRA:WORA:
Return-on-Tangible-Equity: 0.00%
GF Value™: €0.18 vs. price of €0.12 (33.3% below fair value)
No single metric tells the full story. See the FRA:WORA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Ecotourism Group Ltd is an investment holding company. Along with its subsidiaries, the firm is engaged in the business of the provision of technology and operation services for lottery systems, terminal equipment, and gaming products and their operations in China's lottery market. It offers various lottery products ranging from video lottery, computer ticket games, and KENO-type lottery. The segments of the group are Lottery systems, terminal equipment, and related products, which is the key revenue-generating segment; Ecotourism; and Natural and health food. It has a business presence in the PRC, Hong Kong, and Others of which a majority of revenue is derived from the PRC.
38GF Score
Get the complete analysis for FRA:WORA
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
FRA:WORA has been successfully added to your 
