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.
State Grid Informationmmunication CoSHSE:600131 -0.56%86 Return-on-Tangible-Equity is 0.35% as of Mar. 2026, which is 98% below its 10-year median of 17.06. GuruFocus rates SHSE:600131 with a GF Score™ of 86/100 and a GF Value™ of ¥21.99 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 430 Utilities - Independent Power Producers companies, State Grid Informationmmunication Co ranks better than 74.88% on this metric.
The historical rank and industry rank for State Grid Informationmmunication Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:600131'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.44 Med: 17.06 Max: 21.9
Current: 13.19
During the past 13 years, State Grid Informationmmunication Co's highest Return-on-Tangible-Equity was 21.90%. The lowest was 7.44%. And the median was 17.06%.
SHSE:600131's Return-on-Tangible-Equity is ranked better than 74.88% of 430
companies
in the Utilities - Independent Power Producers industry
Industry Median: 4.49
vs SHSE:600131: 13.19
State Grid Informationmmunication Co (SHSE:600131) 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.
State Grid Informationmmunication Co Return-on-Tangible-Equity Related Terms
State Grid Informationmmunication 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.
State Grid Informationmmunication Co Return-on-Tangible-Equity Chart
State Grid Informationmmunication Co Return-on-Tangible-Equity Competitor Comparison
For the Utilities - Renewable subindustry, State Grid Informationmmunication 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.
State Grid Informationmmunication Co Return-on-Tangible-Equity vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, State Grid Informationmmunication Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where State Grid Informationmmunication 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 0.35% mean?
State Grid Informationmmunication Co (SHSE:600131) has a Return-on-Tangible-Equity of 0.35% 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 State Grid Informationmmunication Co and its competitors. This is 98% below median its historical median of 17.06. Over the past decade, State Grid Informationmmunication Co's Return-on-Tangible-Equity has ranged from 7.44 to 21.90. According to the industry distribution chart, State Grid Informationmmunication Co ranks #108 out of 430 companies in the Utilities - Independent Power Producers industry, placing it in the top 25.1%.
Is State Grid Informationmmunication Co's Return-on-Tangible-Equity too high?
State Grid Informationmmunication Co's current Return-on-Tangible-Equity of 0.35% is 98% below median its 10-year median of 17.06. Over the past 10 years, this metric has ranged from a low of 7.44 to a high of 21.90. The Utilities - Independent Power Producers industry median Return-on-Tangible-Equity is 4.49. State Grid Informationmmunication Co's value of 0.35% is 92.2% below this industry median. Based on the distribution chart, State Grid Informationmmunication Co ranks #108 out of 430 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, State Grid Informationmmunication Co has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does State Grid Informationmmunication Co's Return-on-Tangible-Equity compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, State Grid Informationmmunication Co ranks #108 out of 430 companies for Return-on-Tangible-Equity. This puts State Grid Informationmmunication Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 4.49. State Grid Informationmmunication Co's value of 0.35% is 92.2% below this benchmark. Historically, State Grid Informationmmunication Co's own Return-on-Tangible-Equity has ranged from 7.44 to 21.90 over the past decade. While the company's 10-year median is 17.06 vs. the industry median of 4.49, State Grid Informationmmunication 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 4.49, based on 430 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. State Grid Informationmmunication Co's current Return-on-Tangible-Equity of 0.35% is 92.2% 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 State Grid Informationmmunication Co and its competitors. For the Utilities - Independent Power Producers industry, the median Return-on-Tangible-Equity is 4.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. State Grid Informationmmunication Co's current Return-on-Tangible-Equity is 0.35%, which is 98% below median its own 10-year median of 17.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is State Grid Informationmmunication Co stock overvalued right now?
Based on GuruFocus' analysis, State Grid Informationmmunication Co (SHSE:600131) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥21.99, compared to a current price of ¥16.08 — trading 26.9% below its estimated fair value. The current Return-on-Tangible-Equity is 0.35%, which is 98% below median its 10-year median of 17.06 and 92.2% below the Utilities - Independent Power Producers industry median of 4.49. State Grid Informationmmunication Co's overall GF Score™ is 86/100 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 State Grid Informationmmunication Co (SHSE:600131), the current Return-on-Tangible-Equity is 0.35% 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 State Grid Informationmmunication Co (SHSE:600131) Overvalued in 2026?
Based on GuruFocus' analysis, State Grid Informationmmunication Co stock appears to be undervalued.
The current stock price of ¥16.08 is trading 26.9% below its estimated GF Value™ of ¥21.99.
GuruFocus considers State Grid Informationmmunication Co to be Modestly Undervalued.
Key valuation signals for SHSE:600131:
Return-on-Tangible-Equity: 0.35% (98% below median its 10-year median of 17.06)
GF Value™: ¥21.99 vs. price of ¥16.08 (26.9% below fair value)
Industry Position: 92.2% below the Utilities - Independent Power Producers median (#108 of 430)
No single metric tells the full story. See the SHSE:600131 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
State Grid Information & Communication Co Ltd, formerly Sichuan Minjiang Hydropower Co Ltd is a China-based company is engaged in the hydroelectric generation business. It is mainly engaged in the development, generation, transmission, distribution, and sales of electric power, as well as other businesses with its subsidiaries.
86GF Score
Get the complete analysis for SHSE:600131
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:600131 has been successfully added to your 
