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Minmetals Development CoSHSE:600058 -2.93%55 Return-on-Tangible-Equity is 1.01% as of Mar. 2026, which is 57% below its 10-year median of 2.34. GuruFocus rates SHSE:600058 with a GF Score™ of 55/100 and a GF Value™ of ¥5.45 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 615 Steel companies, Minmetals Development Co ranks worse than 72.68% 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. Minmetals Development Co's annualized net income for the quarter that ended in Mar. 2026 was ¥68 Mil. Minmetals Development Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥6,755 Mil. Therefore, Minmetals Development Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 1.01%.
The historical rank and industry rank for Minmetals Development Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:600058'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -12.55 Med: 2.34 Max: 7.54
Current: -0.48
During the past 13 years, Minmetals Development Co's highest Return-on-Tangible-Equity was 7.54%. The lowest was -12.55%. And the median was 2.34%.
SHSE:600058's Return-on-Tangible-Equity is ranked worse than 72.68% of 615
companies
in the Steel industry
Industry Median: 3.97
vs SHSE:600058: -0.48
Minmetals Development Co (SHSE:600058) 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.
Minmetals Development Co Return-on-Tangible-Equity Related Terms
Minmetals Development Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Minmetals Development Co'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.
Minmetals Development Co Return-on-Tangible-Equity Chart
SHSE:600058 vs NUE, STLD, RS: Return-on-Tangible-Equity Comparison
For the Steel subindustry, Minmetals Development 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.
Minmetals Development Co Return-on-Tangible-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, Minmetals Development Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Minmetals Development 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 1.01% mean?
Minmetals Development Co (SHSE:600058) has a Return-on-Tangible-Equity of 1.01% 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 Minmetals Development Co and its competitors. This is 57% below median its historical median of 2.34. According to the industry distribution chart, Minmetals Development Co ranks #447 out of 615 companies in the Steel industry, placing it in the top 72.7%.
Is Minmetals Development Co's Return-on-Tangible-Equity too high?
Minmetals Development Co's current Return-on-Tangible-Equity of 1.01% is 57% below median its 10-year median of 2.34. The Steel industry median Return-on-Tangible-Equity is 3.97. Minmetals Development Co's value of 1.01% is 74.6% below this industry median. Based on the distribution chart, Minmetals Development Co ranks #447 out of 615 companies in the Steel industry, which is below the industry midpoint. Overall, Minmetals Development Co has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Minmetals Development Co's Return-on-Tangible-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, Minmetals Development Co ranks #447 out of 615 companies for Return-on-Tangible-Equity. This places Minmetals Development Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 3.97. Minmetals Development Co's value of 1.01% is 74.6% below this benchmark. While the company's 10-year median is 2.34 vs. the industry median of 3.97, Minmetals Development 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 a Steel company?
The median Return-on-Tangible-Equity among Steel companies is 3.97, based on 615 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. Minmetals Development Co's current Return-on-Tangible-Equity of 1.01% is 74.6% 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 Minmetals Development Co and its competitors. For the Steel industry, the median Return-on-Tangible-Equity is 3.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Minmetals Development Co's current Return-on-Tangible-Equity is 1.01%, which is 57% below median its own 10-year median of 2.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Minmetals Development Co stock overvalued right now?
Based on GuruFocus' analysis, Minmetals Development Co (SHSE:600058) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥5.45, compared to a current price of ¥8.62 — trading 58.2% above its estimated fair value. The current Return-on-Tangible-Equity is 1.01%, which is 57% below median its 10-year median of 2.34 and 74.6% below the Steel industry median of 3.97. Minmetals Development Co's overall GF Score™ is 55/100 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 Minmetals Development Co (SHSE:600058), the current Return-on-Tangible-Equity is 1.01% 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 Minmetals Development Co (SHSE:600058) Overvalued in 2026?
Based on GuruFocus' analysis, Minmetals Development Co stock appears to be overvalued.
The current stock price of ¥8.62 is trading 58.2% above its estimated GF Value™ of ¥5.45.
GuruFocus considers Minmetals Development Co to be Significantly Overvalued.
Key valuation signals for SHSE:600058:
Return-on-Tangible-Equity: 1.01% (57% below median its 10-year median of 2.34)
GF Value™: ¥5.45 vs. price of ¥8.62 (58.2% above fair value)
Industry Position: 74.6% below the Steel median (#447 of 615)
No single metric tells the full story. See the SHSE:600058 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Minmetals Development Co Ltd is a steel distribution service provider. The activities of the company include the supply of metallurgical raw materials which includes iron ore, coal, coke, and pig iron, steel trading, processing and distribution, and logistics services.
55GF Score
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