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TBEA CoSHSE:600089 +0.84%77 Return-on-Tangible-Equity is 11.26% as of Mar. 2026, which is 20% above its 10-year median of 9.41. GuruFocus rates SHSE:600089 with a GF Score™ of 77/100 and a GF Value™ of ¥13.43 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 2,972 Industrial Products companies, TBEA Co ranks better than 63.29% 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. TBEA Co's annualized net income for the quarter that ended in Mar. 2026 was ¥7,258 Mil. TBEA Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥64,472 Mil. Therefore, TBEA Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 11.26%.
The historical rank and industry rank for TBEA Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:600089'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.73 Med: 9.41 Max: 34.4
Current: 9.9
During the past 13 years, TBEA Co's highest Return-on-Tangible-Equity was 34.40%. The lowest was 6.73%. And the median was 9.41%.
SHSE:600089's Return-on-Tangible-Equity is ranked better than 63.29% of 2972
companies
in the Industrial Products industry
Industry Median: 6.72
vs SHSE:600089: 9.90
TBEA Co (SHSE:600089) 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.
TBEA Co Return-on-Tangible-Equity Related Terms
TBEA Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for TBEA 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:600089 vs VRT, BE: Return-on-Tangible-Equity Comparison
For the Electrical Equipment & Parts subindustry, TBEA 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.
TBEA Co Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, TBEA Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where TBEA 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 11.26% mean?
TBEA Co (SHSE:600089) has a Return-on-Tangible-Equity of 11.26% 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 TBEA Co and its competitors. This is 20% above median its historical median of 9.41. Over the past decade, TBEA Co's Return-on-Tangible-Equity has ranged from 6.73 to 34.40. According to the industry distribution chart, TBEA Co ranks #1091 out of 2972 companies in the Industrial Products industry, placing it in the top 36.7%.
Is TBEA Co's Return-on-Tangible-Equity too high?
TBEA Co's current Return-on-Tangible-Equity of 11.26% is 20% above median its 10-year median of 9.41. Over the past 10 years, this metric has ranged from a low of 6.73 to a high of 34.40. The Industrial Products industry median Return-on-Tangible-Equity is 6.72. TBEA Co's value of 11.26% is 67.6% above this industry median. Based on the distribution chart, TBEA Co ranks #1091 out of 2972 companies in the Industrial Products industry, which is above the industry midpoint. Overall, TBEA Co has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TBEA Co's Return-on-Tangible-Equity compare to VRT and BE?
According to the Industrial Products industry distribution chart, TBEA Co ranks #1091 out of 2972 companies for Return-on-Tangible-Equity. This puts TBEA Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.72. TBEA Co's value of 11.26% is 67.6% above this benchmark. Historically, TBEA Co's own Return-on-Tangible-Equity has ranged from 6.73 to 34.40 over the past decade. While the company's 10-year median is 9.41 vs. the industry median of 6.72, TBEA 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 Industrial Products company?
The median Return-on-Tangible-Equity among Industrial Products companies is 6.72, based on 2,972 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. TBEA Co's current Return-on-Tangible-Equity of 11.26% is 67.6% 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 TBEA Co and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TBEA Co's current Return-on-Tangible-Equity is 11.26%, which is 20% above median its own 10-year median of 9.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TBEA Co stock overvalued right now?
Based on GuruFocus' analysis, TBEA Co (SHSE:600089) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥13.43, compared to a current price of ¥19.30 — trading 43.7% above its estimated fair value. The current Return-on-Tangible-Equity is 11.26%, which is 20% above median its 10-year median of 9.41 and 67.6% above the Industrial Products industry median of 6.72. TBEA Co's overall GF Score™ is 77/100 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 TBEA Co (SHSE:600089), the current Return-on-Tangible-Equity is 11.26% 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 TBEA Co (SHSE:600089) Overvalued in 2026?
Based on GuruFocus' analysis, TBEA Co stock appears to be overvalued.
The current stock price of ¥19.30 is trading 43.7% above its estimated GF Value™ of ¥13.43.
GuruFocus considers TBEA Co to be Significantly Overvalued.
Key valuation signals for SHSE:600089:
Return-on-Tangible-Equity: 11.26% (20% above median its 10-year median of 9.41)
GF Value™: ¥13.43 vs. price of ¥19.30 (43.7% above fair value)
Industry Position: 67.6% above the Industrial Products median (#1091 of 2972)
No single metric tells the full story. See the SHSE:600089 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TBEA Co Ltd is a China-based company that offers energy business solutions to service providers. The company distributes electric power transmission and transformation equipment. It provides solutions such as green technology, smart environmental protection, energy equipment for turnkey projects, and system solutions that range from surveying to design, construction, installation, and commissioning, as well as integration of training, operation, and maintenance. It also promotes the construction of green and efficient power grids. The company has a business presence in China and other countries.
77GF Score
Get the complete analysis for SHSE:600089
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