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Shanghai Electric Power CoSHSE:600021 -0.96%65 Return-on-Tangible-Equity is 8.65% as of Mar. 2026, which is 2% below its 10-year median of 8.83. GuruFocus rates SHSE:600021 with a GF Score™ of 65/100 and a GF Value™ of ¥9.78 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 427 Utilities - Independent Power Producers companies, Shanghai Electric Power Co ranks better than 67.21% 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. Shanghai Electric Power Co's annualized net income for the quarter that ended in Mar. 2026 was ¥2,268 Mil. Shanghai Electric Power Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥26,224 Mil. Therefore, Shanghai Electric Power Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 8.65%.
The historical rank and industry rank for Shanghai Electric Power Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:600021'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -12.32 Med: 8.83 Max: 23.93
Current: 10.36
During the past 13 years, Shanghai Electric Power Co's highest Return-on-Tangible-Equity was 23.93%. The lowest was -12.32%. And the median was 8.83%.
SHSE:600021's Return-on-Tangible-Equity is ranked better than 67.21% of 427
companies
in the Utilities - Independent Power Producers industry
Industry Median: 4.68
vs SHSE:600021: 10.36
Shanghai Electric Power Co (SHSE:600021) 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.
Shanghai Electric Power Co Return-on-Tangible-Equity Related Terms
Shanghai Electric Power 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.
Shanghai Electric Power Co Return-on-Tangible-Equity Chart
Shanghai Electric Power Co Return-on-Tangible-Equity Competitor Comparison
For the Utilities - Renewable subindustry, Shanghai Electric Power 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.
Shanghai Electric Power Co Return-on-Tangible-Equity vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Shanghai Electric Power Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Shanghai Electric Power 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 8.65% mean?
Shanghai Electric Power Co (SHSE:600021) has a Return-on-Tangible-Equity of 8.65% 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 Shanghai Electric Power Co and its competitors. This is near median its historical median of 8.83. According to the industry distribution chart, Shanghai Electric Power Co ranks #140 out of 427 companies in the Utilities - Independent Power Producers industry, placing it in the top 32.8%.
Is Shanghai Electric Power Co's Return-on-Tangible-Equity too high?
Shanghai Electric Power Co's current Return-on-Tangible-Equity of 8.65% is near median its 10-year median of 8.83. The Utilities - Independent Power Producers industry median Return-on-Tangible-Equity is 4.68. Shanghai Electric Power Co's value of 8.65% is 84.8% above this industry median. Based on the distribution chart, Shanghai Electric Power Co ranks #140 out of 427 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Shanghai Electric Power Co has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Electric Power Co's Return-on-Tangible-Equity compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Shanghai Electric Power Co ranks #140 out of 427 companies for Return-on-Tangible-Equity. This puts Shanghai Electric Power Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 4.68. Shanghai Electric Power Co's value of 8.65% is 84.8% above this benchmark. While the company's 10-year median is 8.83 vs. the industry median of 4.68, Shanghai Electric Power Co 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 an Utilities - Independent Power Producers company?
The median Return-on-Tangible-Equity among Utilities - Independent Power Producers companies is 4.68, based on 427 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. Shanghai Electric Power Co's current Return-on-Tangible-Equity of 8.65% is 84.8% 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 Shanghai Electric Power Co and its competitors. For the Utilities - Independent Power Producers industry, the median Return-on-Tangible-Equity is 4.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Electric Power Co's current Return-on-Tangible-Equity is 8.65%, which is near median its own 10-year median of 8.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Electric Power Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Electric Power Co (SHSE:600021) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥9.78, compared to a current price of ¥15.44 — trading 57.9% above its estimated fair value. The current Return-on-Tangible-Equity is 8.65%, which is near median its 10-year median of 8.83 and 84.8% above the Utilities - Independent Power Producers industry median of 4.68. Shanghai Electric Power Co's overall GF Score™ is 65/100 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 Shanghai Electric Power Co (SHSE:600021), the current Return-on-Tangible-Equity is 8.65% 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 Shanghai Electric Power Co (SHSE:600021) Overvalued in 2026?
Based on GuruFocus' analysis, Shanghai Electric Power Co stock appears to be overvalued.
The current stock price of ¥15.44 is trading 57.9% above its estimated GF Value™ of ¥9.78.
GuruFocus considers Shanghai Electric Power Co to be Significantly Overvalued.
Key valuation signals for SHSE:600021:
Return-on-Tangible-Equity: 8.65% (near median its 10-year median of 8.83)
GF Value™: ¥9.78 vs. price of ¥15.44 (57.9% above fair value)
Industry Position: 84.8% above the Utilities - Independent Power Producers median (#140 of 427)
No single metric tells the full story. See the SHSE:600021 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shanghai Electric Power Co Ltd is a China-based energy company. It is engaged in the production and sale of electricity and thermal power. It is a modern energy company integrating high-parameter and large-capacity coal-fired power, gas-fired power, wind power, solar power, and distributed energy supply, and others.
65GF Score
Get the complete analysis for SHSE:600021
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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