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.
Yutong Bus CoSHSE:600066 +1.78%95 Return-on-Tangible-Equity is 18.24% as of Mar. 2026, which is 22% above its 10-year median of 14.97. GuruFocus rates SHSE:600066 with a GF Score™ of 95/100 and a GF Value™ of ¥30.93 (Fairly Valued). Among 199 Farm & Heavy Construction Machinery companies, Yutong Bus Co ranks better than 90.45% 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. Yutong Bus Co's annualized net income for the quarter that ended in Mar. 2026 was ¥2,637 Mil. Yutong Bus Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥14,457 Mil. Therefore, Yutong Bus Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 18.24%.
The historical rank and industry rank for Yutong Bus Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:600066'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.4 Med: 14.97 Max: 42.63
Current: 41.85
During the past 13 years, Yutong Bus Co's highest Return-on-Tangible-Equity was 42.63%. The lowest was 3.40%. And the median was 14.97%.
SHSE:600066's Return-on-Tangible-Equity is ranked better than 90.45% of 199
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 9.26
vs SHSE:600066: 41.85
Yutong Bus Co (SHSE:600066) 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.
Yutong Bus Co Return-on-Tangible-Equity Related Terms
Yutong Bus Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Yutong Bus 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.
SHSE:600066 vs CAT, DE, PCAR: Return-on-Tangible-Equity Comparison
For the Farm & Heavy Construction Machinery subindustry, Yutong Bus 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.
Yutong Bus Co Return-on-Tangible-Equity vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Yutong Bus Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Yutong Bus 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 18.24% mean?
Yutong Bus Co (SHSE:600066) has a Return-on-Tangible-Equity of 18.24% 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 Yutong Bus Co and its competitors. This is 22% above median its historical median of 14.97. Over the past decade, Yutong Bus Co's Return-on-Tangible-Equity has ranged from 3.40 to 42.63. According to the industry distribution chart, Yutong Bus Co ranks #19 out of 199 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 9.5%.
Is Yutong Bus Co's Return-on-Tangible-Equity too high?
Yutong Bus Co's current Return-on-Tangible-Equity of 18.24% is 22% above median its 10-year median of 14.97. Over the past 10 years, this metric has ranged from a low of 3.40 to a high of 42.63. The Farm & Heavy Construction Machinery industry median Return-on-Tangible-Equity is 9.26. Yutong Bus Co's value of 18.24% is 97% above this industry median. Based on the distribution chart, Yutong Bus Co ranks #19 out of 199 companies in the Farm & Heavy Construction Machinery industry, which is in the top quartile — a strong position relative to peers. Overall, Yutong Bus Co has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Yutong Bus Co's Return-on-Tangible-Equity compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Yutong Bus Co ranks #19 out of 199 companies for Return-on-Tangible-Equity. This places Yutong Bus Co in the top 10% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 9.26. Yutong Bus Co's value of 18.24% is 97% above this benchmark. Historically, Yutong Bus Co's own Return-on-Tangible-Equity has ranged from 3.40 to 42.63 over the past decade. While the company's 10-year median is 14.97 vs. the industry median of 9.26, Yutong Bus 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 a Farm & Heavy Construction Machinery company?
The median Return-on-Tangible-Equity among Farm & Heavy Construction Machinery companies is 9.26, based on 199 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. Yutong Bus Co's current Return-on-Tangible-Equity of 18.24% is 97% 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 Yutong Bus Co and its competitors. For the Farm & Heavy Construction Machinery industry, the median Return-on-Tangible-Equity is 9.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Yutong Bus Co's current Return-on-Tangible-Equity is 18.24%, which is 22% above median its own 10-year median of 14.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yutong Bus Co stock overvalued right now?
Based on GuruFocus' analysis, Yutong Bus Co (SHSE:600066) is currently considered Fairly Valued. The stock's GF Value™ is ¥30.93, compared to a current price of ¥29.16 — trading 5.7% below its estimated fair value. The current Return-on-Tangible-Equity is 18.24%, which is 22% above median its 10-year median of 14.97 and 97% above the Farm & Heavy Construction Machinery industry median of 9.26. Yutong Bus Co's overall GF Score™ is 95/100. 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 Yutong Bus Co (SHSE:600066), the current Return-on-Tangible-Equity is 18.24% 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 Yutong Bus Co (SHSE:600066) Overvalued in 2026?
Based on GuruFocus' analysis, Yutong Bus Co stock appears to be undervalued.
The current stock price of ¥29.16 is trading 5.7% below its estimated GF Value™ of ¥30.93.
GuruFocus considers Yutong Bus Co to be Fairly Valued.
Key valuation signals for SHSE:600066:
Return-on-Tangible-Equity: 18.24% (22% above median its 10-year median of 14.97)
GF Value™: ¥30.93 vs. price of ¥29.16 (5.7% below fair value)
Industry Position: 97% above the Farm & Heavy Construction Machinery median (#19 of 199)
No single metric tells the full story. See the SHSE:600066 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Yutong Bus Co Ltd engages in the manufacture and sale of buses and related products. The company operates its business through four main segments. The Bus Manufacturing segment focuses on producing and selling large, medium, and light buses, which include passenger buses, city buses, school buses, and various types of new energy vehicles such as pure electric, plug-in hybrid, and fuel cell models. The Foreign Trade segment handles both domestic and international sales and distribution of buses and new energy vehicles. The Passenger Transportation segment covers services such as group rentals, short-distance and highway travel, tourism transport, bus operations, employee commuting, and school transportation. The Other segment is responsible for providing after-sales support and services.
95GF Score
Get the complete analysis for SHSE:600066
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
SHSE:600066 has been successfully added to your 
