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.
Wanhua Chemical Group CoSHSE:600309 +2.01%91 Return-on-Tangible-Equity is 15.68% as of Mar. 2026, which is 44% below its 10-year median of 27.79. GuruFocus rates SHSE:600309 with a GF Score™ of 91/100 and a GF Value™ of ¥95.63 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,568 Chemicals companies, Wanhua Chemical Group Co ranks better than 81.95% 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. Wanhua Chemical Group Co's annualized net income for the quarter that ended in Mar. 2026 was ¥14,871 Mil. Wanhua Chemical Group Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥94,846 Mil. Therefore, Wanhua Chemical Group Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 15.68%.
The historical rank and industry rank for Wanhua Chemical Group Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:600309'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 14.42 Med: 27.79 Max: 61.16
Current: 14.67
During the past 13 years, Wanhua Chemical Group Co's highest Return-on-Tangible-Equity was 61.16%. The lowest was 14.42%. And the median was 27.79%.
SHSE:600309's Return-on-Tangible-Equity is ranked better than 81.95% of 1568
companies
in the Chemicals industry
Industry Median: 5.785
vs SHSE:600309: 14.67
Wanhua Chemical Group Co (SHSE:600309) 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.
Wanhua Chemical Group Co Return-on-Tangible-Equity Related Terms
Wanhua Chemical Group Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Wanhua Chemical Group 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.
Wanhua Chemical Group Co Return-on-Tangible-Equity Chart
SHSE:600309 vs LIN, SHW, ECL: Return-on-Tangible-Equity Comparison
For the Specialty Chemicals subindustry, Wanhua Chemical Group 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.
Wanhua Chemical Group Co Return-on-Tangible-Equity vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Wanhua Chemical Group Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Wanhua Chemical Group 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 15.68% mean?
Wanhua Chemical Group Co (SHSE:600309) has a Return-on-Tangible-Equity of 15.68% 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 Wanhua Chemical Group Co and its competitors. This is 44% below median its historical median of 27.79. Over the past decade, Wanhua Chemical Group Co's Return-on-Tangible-Equity has ranged from 14.42 to 61.16. According to the industry distribution chart, Wanhua Chemical Group Co ranks #283 out of 1568 companies in the Chemicals industry, placing it in the top 18%.
Is Wanhua Chemical Group Co's Return-on-Tangible-Equity too high?
Wanhua Chemical Group Co's current Return-on-Tangible-Equity of 15.68% is 44% below median its 10-year median of 27.79. Over the past 10 years, this metric has ranged from a low of 14.42 to a high of 61.16. The Chemicals industry median Return-on-Tangible-Equity is 5.79. Wanhua Chemical Group Co's value of 15.68% is 171% above this industry median. Based on the distribution chart, Wanhua Chemical Group Co ranks #283 out of 1568 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Wanhua Chemical Group Co has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Wanhua Chemical Group Co's Return-on-Tangible-Equity compare to LIN and SHW?
According to the Chemicals industry distribution chart, Wanhua Chemical Group Co ranks #283 out of 1568 companies for Return-on-Tangible-Equity. This places Wanhua Chemical Group Co in the top 18% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.79. Wanhua Chemical Group Co's value of 15.68% is 171% above this benchmark. Historically, Wanhua Chemical Group Co's own Return-on-Tangible-Equity has ranged from 14.42 to 61.16 over the past decade. While the company's 10-year median is 27.79 vs. the industry median of 5.79, Wanhua Chemical Group 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 Chemicals company?
The median Return-on-Tangible-Equity among Chemicals companies is 5.79, based on 1,568 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. Wanhua Chemical Group Co's current Return-on-Tangible-Equity of 15.68% is 171% 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 Wanhua Chemical Group Co and its competitors. For the Chemicals industry, the median Return-on-Tangible-Equity is 5.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wanhua Chemical Group Co's current Return-on-Tangible-Equity is 15.68%, which is 44% below median its own 10-year median of 27.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wanhua Chemical Group Co stock overvalued right now?
Based on GuruFocus' analysis, Wanhua Chemical Group Co (SHSE:600309) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥95.63, compared to a current price of ¥75.49 — trading 21.1% below its estimated fair value. The current Return-on-Tangible-Equity is 15.68%, which is 44% below median its 10-year median of 27.79 and 171% above the Chemicals industry median of 5.79. Wanhua Chemical Group Co's overall GF Score™ is 91/100 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 Wanhua Chemical Group Co (SHSE:600309), the current Return-on-Tangible-Equity is 15.68% 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 Wanhua Chemical Group Co (SHSE:600309) Overvalued in 2026?
Based on GuruFocus' analysis, Wanhua Chemical Group Co stock appears to be undervalued.
The current stock price of ¥75.49 is trading 21.1% below its estimated GF Value™ of ¥95.63.
GuruFocus considers Wanhua Chemical Group Co to be Modestly Undervalued.
Key valuation signals for SHSE:600309:
Return-on-Tangible-Equity: 15.68% (44% below median its 10-year median of 27.79)
GF Value™: ¥95.63 vs. price of ¥75.49 (21.1% below fair value)
Industry Position: 171% above the Chemicals median (#283 of 1568)
No single metric tells the full story. See the SHSE:600309 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wanhua Chemical Group Co Ltd is engaged in the development, production, and sales of polyurethane and additives, isocyanate and derivative products; the sales of liquefied petroleum gas, propylene, acrylic acid, and other petrochemical products.
91GF Score
Get the complete analysis for SHSE:600309
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:600309 has been successfully added to your 
