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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. Kangxin New Materials Co's annualized net income for the quarter that ended in Mar. 2026 was ¥-207.6 Mil. Kangxin New Materials Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥2,007.7 Mil. Therefore, Kangxin New Materials Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -10.34%.
The historical rank and industry rank for Kangxin New Materials Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:600076'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -18.11 Med: -2.73 Max: 20.45
Current: -18.11
During the past 13 years, Kangxin New Materials Co's highest Return-on-Tangible-Equity was 20.45%. The lowest was -18.11%. And the median was -2.73%.
SHSE:600076's Return-on-Tangible-Equity is ranked worse than 86.79% of 280
companies
in the Forest Products industry
Industry Median: 2.2
vs SHSE:600076: -18.11
Kangxin New Materials Co (SHSE:600076) 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.
Kangxin New Materials Co Return-on-Tangible-Equity Related Terms
Kangxin New Materials Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Kangxin New Materials 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.
Kangxin New Materials Co Return-on-Tangible-Equity Chart
SHSE:600076 vs SSD, UFPI, BCC: Return-on-Tangible-Equity Comparison
For the Lumber & Wood Production subindustry, Kangxin New Materials 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.
Kangxin New Materials Co Return-on-Tangible-Equity vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Kangxin New Materials Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Kangxin New Materials 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 -10.34% mean?
Kangxin New Materials Co (SHSE:600076) has a Return-on-Tangible-Equity of -10.34% 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 Kangxin New Materials Co and its competitors. According to the industry distribution chart, Kangxin New Materials Co ranks #243 out of 280 companies in the Forest Products industry, placing it in the top 86.8%.
Is Kangxin New Materials Co's Return-on-Tangible-Equity too high?
Kangxin New Materials Co's current Return-on-Tangible-Equity is -10.34%. Based on the distribution chart, Kangxin New Materials Co ranks #243 out of 280 companies in the Forest Products industry, which is in the bottom quartile relative to peers. Overall, Kangxin New Materials Co has a GF Score™ of 47/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kangxin New Materials Co's Return-on-Tangible-Equity compare to SSD and UFPI?
According to the Forest Products industry distribution chart, Kangxin New Materials Co ranks #243 out of 280 companies for Return-on-Tangible-Equity. This places Kangxin New Materials Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 2.20. 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 Forest Products company?
The median Return-on-Tangible-Equity among Forest Products companies is 2.20, based on 280 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. 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 Kangxin New Materials Co and its competitors. For the Forest Products industry, the median Return-on-Tangible-Equity is 2.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kangxin New Materials Co's current Return-on-Tangible-Equity is -10.34%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kangxin New Materials Co stock overvalued right now?
Based on GuruFocus' analysis, Kangxin New Materials Co (SHSE:600076) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥2.60, compared to a current price of ¥3.10 — trading 19.2% above its estimated fair value. The current Return-on-Tangible-Equity is -10.34%. Kangxin New Materials Co's overall GF Score™ is 47/100 with 4 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 Kangxin New Materials Co (SHSE:600076), the current Return-on-Tangible-Equity is -10.34% 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 Kangxin New Materials Co (SHSE:600076) Overvalued in 2026?
Based on GuruFocus' analysis, Kangxin New Materials Co stock appears to be overvalued.
The current stock price of ¥3.10 is trading 19.2% above its estimated GF Value™ of ¥2.60.
GuruFocus considers Kangxin New Materials Co to be Modestly Overvalued.
Key valuation signals for SHSE:600076:
Return-on-Tangible-Equity: -10.34%
GF Value™: ¥2.60 vs. price of ¥3.10 (19.2% above fair value)
No single metric tells the full story. See the SHSE:600076 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kangxin New Materials Co Ltd engages in the collection, afforestation, processing, and sale of timber products in China. It also designs and produces building structural materials; and produces wood structural housing products. The company's products include COSB composite, multi-layer solid wood, and bamboo and wood composite container flooring products; civil sheets comprise building templates, ordinary COSB boards, environmental protection boards, and COSB boards; and landscape and green seedlings.
47GF Score
Get the complete analysis for SHSE:600076
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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