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SPIC Hydropower CoSHSE:600292 -5.51%42 Return-on-Tangible-Equity is 10.29% as of Mar. 2026, which is 312% above its 10-year median of 2.50. GuruFocus rates SHSE:600292 with a GF Score™ of 42/100 and a GF Value™ of ¥4.44 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 497 Utilities - Regulated companies, SPIC Hydropower Co ranks worse than 57.75% 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. SPIC Hydropower Co's annualized net income for the quarter that ended in Mar. 2026 was ¥1,572 Mil. SPIC Hydropower Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥15,282 Mil. Therefore, SPIC Hydropower Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 10.29%.
The historical rank and industry rank for SPIC Hydropower Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:600292'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -0.78 Med: 2.5 Max: 9.27
Current: 9.27
During the past 13 years, SPIC Hydropower Co's highest Return-on-Tangible-Equity was 9.27%. The lowest was -0.78%. And the median was 2.50%.
SHSE:600292's Return-on-Tangible-Equity is ranked worse than 57.75% of 497
companies
in the Utilities - Regulated industry
Industry Median: 10.92
vs SHSE:600292: 9.27
SPIC Hydropower Co (SHSE:600292) 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.
SPIC Hydropower Co Return-on-Tangible-Equity Related Terms
SPIC Hydropower Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for SPIC Hydropower 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.
SPIC Hydropower Co Return-on-Tangible-Equity Chart
SHSE:600292 vs NEE, SO, DUK: Return-on-Tangible-Equity Comparison
For the Utilities - Regulated Electric subindustry, SPIC Hydropower 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.
SPIC Hydropower Co Return-on-Tangible-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, SPIC Hydropower Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where SPIC Hydropower 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 10.29% mean?
SPIC Hydropower Co (SHSE:600292) has a Return-on-Tangible-Equity of 10.29% 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 SPIC Hydropower Co and its competitors. This is 312% above median its historical median of 2.50. According to the industry distribution chart, SPIC Hydropower Co ranks #287 out of 497 companies in the Utilities - Regulated industry, placing it in the top 57.7%.
Is SPIC Hydropower Co's Return-on-Tangible-Equity too high?
SPIC Hydropower Co's current Return-on-Tangible-Equity of 10.29% is 312% above median its 10-year median of 2.50. The Utilities - Regulated industry median Return-on-Tangible-Equity is 10.92. SPIC Hydropower Co's value of 10.29% is 5.8% below this industry median. Based on the distribution chart, SPIC Hydropower Co ranks #287 out of 497 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, SPIC Hydropower Co has a GF Score™ of 42/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SPIC Hydropower Co's Return-on-Tangible-Equity compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, SPIC Hydropower Co ranks #287 out of 497 companies for Return-on-Tangible-Equity. This places SPIC Hydropower Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 10.92. SPIC Hydropower Co's value of 10.29% is 5.8% below this benchmark. While the company's 10-year median is 2.50 vs. the industry median of 10.92, SPIC Hydropower 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 - Regulated company?
The median Return-on-Tangible-Equity among Utilities - Regulated companies is 10.92, based on 497 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. SPIC Hydropower Co's current Return-on-Tangible-Equity of 10.29% is 5.8% 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 SPIC Hydropower Co and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Equity is 10.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SPIC Hydropower Co's current Return-on-Tangible-Equity is 10.29%, which is 312% above median its own 10-year median of 2.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPIC Hydropower Co stock overvalued right now?
Based on GuruFocus' analysis, SPIC Hydropower Co (SHSE:600292) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥4.44, compared to a current price of ¥12.00 — trading 170.3% above its estimated fair value. The current Return-on-Tangible-Equity is 10.29%, which is 312% above median its 10-year median of 2.50 and 5.8% below the Utilities - Regulated industry median of 10.92. SPIC Hydropower Co's overall GF Score™ is 42/100 with 5 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 SPIC Hydropower Co (SHSE:600292), the current Return-on-Tangible-Equity is 10.29% 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 SPIC Hydropower Co (SHSE:600292) Overvalued in 2026?
Based on GuruFocus' analysis, SPIC Hydropower Co stock appears to be overvalued.
The current stock price of ¥12.00 is trading 170.3% above its estimated GF Value™ of ¥4.44.
GuruFocus considers SPIC Hydropower Co to be Significantly Overvalued.
Key valuation signals for SHSE:600292:
Return-on-Tangible-Equity: 10.29% (312% above median its 10-year median of 2.50)
GF Value™: ¥4.44 vs. price of ¥12.00 (170.3% above fair value)
Industry Position: 5.8% below the Utilities - Regulated median (#287 of 497)
No single metric tells the full story. See the SHSE:600292 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SPIC Hydropower Co Ltd is engaged in energy and ecological integration activities, with a focus on hydropower generation and the integrated development and operation of river basin hydropower and new energy projects. Its business scope includes the provision of technical services, technology development and consultation, technology exchange and transfer, and technology promotion.
42GF Score
Get the complete analysis for SHSE:600292
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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