Vipshop HoldingsMEX:VIPS N 69 Return-on-Tangible-Equity is 30.14% as of Mar. 2026, which is 6% above its 10-year median of 28.32. GuruFocus rates MEX:VIPS N with a GF Score™ of 69/100 and a GF Value™ of MXN302.85 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,056 Retail - Cyclical companies, Vipshop Holdings ranks better than 77.75% 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. Vipshop Holdings's annualized net income for the quarter that ended in Mar. 2026 was MXN23,091 Mil. Vipshop Holdings's average shareholder tangible equity for the quarter that ended in Mar. 2026 was MXN76,614 Mil. Therefore, Vipshop Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 30.14%.
The historical rank and industry rank for Vipshop Holdings's Return-on-Tangible-Equity or its related term are showing as below:
MEX:VIPS N'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 18.2 Med: 28.32 Max: 85.77
Current: 26.18
During the past 13 years, Vipshop Holdings's highest Return-on-Tangible-Equity was 85.77%. The lowest was 18.20%. And the median was 28.32%.
MEX:VIPS N's Return-on-Tangible-Equity is ranked better than 77.75% of 1056
companies
in the Retail - Cyclical industry
Industry Median: 8.34
vs MEX:VIPS N: 26.18
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.
Vipshop Holdings Return-on-Tangible-Equity Related Terms
Vipshop Holdings Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Vipshop Holdings'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.
MEX:VIPS N vs GLBE, ETSY, CHWY: Return-on-Tangible-Equity Comparison
For the Internet Retail subindustry, Vipshop Holdings'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.
Vipshop Holdings Return-on-Tangible-Equity vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Vipshop Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Vipshop Holdings'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 30.14% mean?
Vipshop Holdings (MEX:VIPS N) has a Return-on-Tangible-Equity of 30.14% 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 Vipshop Holdings and its competitors. This is near median its historical median of 28.32. Over the past decade, Vipshop Holdings' Return-on-Tangible-Equity has ranged from 18.20 to 85.77. According to the industry distribution chart, Vipshop Holdings ranks #235 out of 1056 companies in the Retail - Cyclical industry, placing it in the top 22.3%.
Is Vipshop Holdings' Return-on-Tangible-Equity too high?
Vipshop Holdings' current Return-on-Tangible-Equity of 30.14% is near median its 10-year median of 28.32. Over the past 10 years, this metric has ranged from a low of 18.20 to a high of 85.77. The Retail - Cyclical industry median Return-on-Tangible-Equity is 8.34. Vipshop Holdings' value of 30.14% is 261.4% above this industry median. Based on the distribution chart, Vipshop Holdings ranks #235 out of 1056 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Vipshop Holdings has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vipshop Holdings' Return-on-Tangible-Equity compare to GLBE and ETSY?
According to the Retail - Cyclical industry distribution chart, Vipshop Holdings ranks #235 out of 1056 companies for Return-on-Tangible-Equity. This places Vipshop Holdings in the top 22% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.34. Vipshop Holdings' value of 30.14% is 261.4% above this benchmark. Historically, Vipshop Holdings' own Return-on-Tangible-Equity has ranged from 18.20 to 85.77 over the past decade. While the company's 10-year median is 28.32 vs. the industry median of 8.34, Vipshop Holdings 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-Equity for a Retail - Cyclical company?
The median Return-on-Tangible-Equity among Retail - Cyclical companies is 8.34, based on 1,056 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. Vipshop Holdings's current Return-on-Tangible-Equity of 30.14% is 261.4% 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-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 Vipshop Holdings and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Equity is 8.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vipshop Holdings's current Return-on-Tangible-Equity is 30.14%, which is near median its own 10-year median of 28.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vipshop Holdings stock overvalued right now?
Based on GuruFocus' analysis, Vipshop Holdings (MEX:VIPS N) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN302.85, compared to a current price of MXN235.00 — trading 22.4% below its estimated fair value. The current Return-on-Tangible-Equity is 30.14%, which is near median its 10-year median of 28.32 and 261.4% above the Retail - Cyclical industry median of 8.34. Vipshop Holdings' overall GF Score™ is 69/100 with 2 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 Vipshop Holdings (MEX:VIPS N), the current Return-on-Tangible-Equity is 30.14% 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 Vipshop Holdings (MEX:VIPS N) Overvalued in 2026?
Based on GuruFocus' analysis, Vipshop Holdings stock appears to be undervalued.
The current stock price of MXN235.00 is trading 22.4% below its estimated GF Value™ of MXN302.85.
GuruFocus considers Vipshop Holdings to be Modestly Undervalued.
Key valuation signals for MEX:VIPS N:
Return-on-Tangible-Equity: 30.14% (near median its 10-year median of 28.32)
GF Value™: MXN302.85 vs. price of MXN235.00 (22.4% below fair value)
Industry Position: 261.4% above the Retail - Cyclical median (#235 of 1056)
No single metric tells the full story. See the MEX:VIPS N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vipshop is a leading Chinese online discount retailer offering branded products at attractive discounts of 10%-90% off their original price through daily flash sales. It operates warehousing, retailing, product procurement, software development, and information technology support in-house while outsourcing to third-party logistics providers for distribution and shipments. Branded products on Vipshop's platform are sourced mostly through a consignment model with global brand partners. As of March 31, 2025, Eric Ya Shen, chair and CEO, had 64.5% voting rights. Leading Chinese social media firm and strategic shareholder Tencent also holds a 12.5% interest.
69GF Score
Get the complete analysis for MEX:VIPS N
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
MEX:VIPS N has been successfully added to your 
