SHSE:600032's Return-on-Tangible-Equity is ranked worse than 55.27% of 427
companies
in the Utilities - Independent Power Producers industry
Industry Median: 4.68
vs SHSE:600032: 3.65
Zhejiang Provincial New Energy Investment Group Co (SHSE:600032) 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.
Zhejiang Provincial New Energy Investment Group Co Return-on-Tangible-Equity Related Terms
Zhejiang Provincial New Energy Investment Group 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.
Zhejiang Provincial New Energy Investment Group Co Return-on-Tangible-Equity Chart
Zhejiang Provincial New Energy Investment Group Co Annual Data
Zhejiang Provincial New Energy Investment Group Co Return-on-Tangible-Equity Competitor Comparison
For the Utilities - Renewable subindustry, Zhejiang Provincial New Energy Investment Group 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.
Zhejiang Provincial New Energy Investment Group Co Return-on-Tangible-Equity vs Utilities - Independent Power Producers Industry
* 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 0.92% mean?
Zhejiang Provincial New Energy Investment Group Co (SHSE:600032) has a Return-on-Tangible-Equity of 0.92% 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 Zhejiang Provincial New Energy Investment Group Co and its competitors. This is 86% below median its historical median of 6.67. Over the past decade, Zhejiang Provincial New Energy Investment Group Co's Return-on-Tangible-Equity has ranged from 3.31 to 12.38. According to the industry distribution chart, Zhejiang Provincial New Energy Investment Group Co ranks #236 out of 427 companies in the Utilities - Independent Power Producers industry, placing it in the top 55.3%.
Is Zhejiang Provincial New Energy Investment Group Co's Return-on-Tangible-Equity too high?
Zhejiang Provincial New Energy Investment Group Co's current Return-on-Tangible-Equity of 0.92% is 86% below median its 10-year median of 6.67. Over the past 10 years, this metric has ranged from a low of 3.31 to a high of 12.38. The Utilities - Independent Power Producers industry median Return-on-Tangible-Equity is 4.68. Zhejiang Provincial New Energy Investment Group Co's value of 0.92% is 80.3% below this industry median. Based on the distribution chart, Zhejiang Provincial New Energy Investment Group Co ranks #236 out of 427 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, Zhejiang Provincial New Energy Investment Group Co has a GF Scoreâ„¢ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Provincial New Energy Investment Group Co's Return-on-Tangible-Equity compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Zhejiang Provincial New Energy Investment Group Co ranks #236 out of 427 companies for Return-on-Tangible-Equity. This places Zhejiang Provincial New Energy Investment Group Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 4.68. Zhejiang Provincial New Energy Investment Group Co's value of 0.92% is 80.3% below this benchmark. Historically, Zhejiang Provincial New Energy Investment Group Co's own Return-on-Tangible-Equity has ranged from 3.31 to 12.38 over the past decade. While the company's 10-year median is 6.67 vs. the industry median of 4.68, Zhejiang Provincial New Energy Investment Group 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 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. Zhejiang Provincial New Energy Investment Group Co's current Return-on-Tangible-Equity of 0.92% is 80.3% 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 Zhejiang Provincial New Energy Investment Group 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. Zhejiang Provincial New Energy Investment Group Co's current Return-on-Tangible-Equity is 0.92%, which is 86% below median its own 10-year median of 6.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Provincial New Energy Investment Group Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Provincial New Energy Investment Group Co (SHSE:600032) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥7.51, compared to a current price of ¥6.49 — trading 13.6% below its estimated fair value. The current Return-on-Tangible-Equity is 0.92%, which is 86% below median its 10-year median of 6.67 and 80.3% below the Utilities - Independent Power Producers industry median of 4.68. Zhejiang Provincial New Energy Investment Group Co's overall GF Score™ is 76/100 with 9 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 Zhejiang Provincial New Energy Investment Group Co (SHSE:600032), the current Return-on-Tangible-Equity is 0.92% 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 Zhejiang Provincial New Energy Investment Group Co (SHSE:600032) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Provincial New Energy Investment Group Co stock appears to be undervalued.
The current stock price of Â¥6.49 is trading 13.6% below its estimated GF Value™ of Â¥7.51.
GuruFocus considers Zhejiang Provincial New Energy Investment Group Co to be Modestly Undervalued.
Key valuation signals for SHSE:600032:
Return-on-Tangible-Equity: 0.92% (86% below median its 10-year median of 6.67)
GF Value™: Â¥7.51 vs. price of Â¥6.49 (13.6% below fair value)
Industry Position: 80.3% below the Utilities - Independent Power Producers median (#236 of 427)
No single metric tells the full story. See the SHSE:600032 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Provincial New Energy Investment Group Co Business Description
Zhejiang Provincial New Energy Investment Group Co Ltd is engaged in the investment, development, construction and operation management of renewable energy projects such as hydropower, photovoltaic power generation, and wind power generation.
76GF Score
Get the complete analysis for SHSE:600032
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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