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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. Shandong Hi-Speed Co's annualized net income for the quarter that ended in Mar. 2026 was ¥3,339 Mil. Shandong Hi-Speed Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥-37,476 Mil. Therefore, Shandong Hi-Speed Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was Negative Tangible Equity%.
The historical rank and industry rank for Shandong Hi-Speed Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:600350'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 22.41 Med: 22.41 Max: 35.02
Current: Negative Tangible Equity
During the past 13 years, Shandong Hi-Speed Co's highest Return-on-Tangible-Equity was 35.02%. The lowest was 22.41%. And the median was 22.41%.
SHSE:600350's Return-on-Tangible-Equity is ranked better than 99.94% of 1715
companies
in the Construction industry
Industry Median: 8.21
vs SHSE:600350: Negative Tangible Equity
Shandong Hi-Speed Co (SHSE:600350) 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.
Shandong Hi-Speed Co Return-on-Tangible-Equity Related Terms
Shandong Hi-Speed Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Shandong Hi-Speed 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.
Shandong Hi-Speed Co Return-on-Tangible-Equity Chart
Shandong Hi-Speed Co Return-on-Tangible-Equity Competitor Comparison
For the Infrastructure Operations subindustry, Shandong Hi-Speed 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.
Shandong Hi-Speed Co Return-on-Tangible-Equity vs Construction Industry
For the Construction industry and Industrials sector, Shandong Hi-Speed Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Shandong Hi-Speed 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 Negative Tangible Equity% mean?
Shandong Hi-Speed Co (SHSE:600350) has a Return-on-Tangible-Equity of Negative Tangible Equity% 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 Shandong Hi-Speed Co and its competitors. Over the past decade, Shandong Hi-Speed Co's Return-on-Tangible-Equity has ranged from 22.41 to 35.02. According to the industry distribution chart, Shandong Hi-Speed Co ranks #1 out of 1715 companies in the Construction industry, placing it in the top 0.099999999999994%.
Is Shandong Hi-Speed Co's Return-on-Tangible-Equity too high?
Shandong Hi-Speed Co's current Return-on-Tangible-Equity is Negative Tangible Equity%. Over the past 10 years, this metric has ranged from a low of 22.41 to a high of 35.02. Based on the distribution chart, Shandong Hi-Speed Co ranks #1 out of 1715 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Shandong Hi-Speed Co has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shandong Hi-Speed Co's Return-on-Tangible-Equity compare to competitors?
According to the Construction industry distribution chart, Shandong Hi-Speed Co ranks #1 out of 1715 companies for Return-on-Tangible-Equity. This places Shandong Hi-Speed Co in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.21. Historically, Shandong Hi-Speed Co's own Return-on-Tangible-Equity has ranged from 22.41 to 35.02 over the past decade. 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 Construction company?
The median Return-on-Tangible-Equity among Construction companies is 8.21, based on 1,715 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 Shandong Hi-Speed Co and its competitors. For the Construction industry, the median Return-on-Tangible-Equity is 8.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shandong Hi-Speed Co's current Return-on-Tangible-Equity is Negative Tangible Equity%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shandong Hi-Speed Co stock overvalued right now?
Based on GuruFocus' analysis, Shandong Hi-Speed Co (SHSE:600350) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥8.40, compared to a current price of ¥10.81 — trading 28.7% above its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. Shandong Hi-Speed Co's overall GF Score™ is 68/100 with 12 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 Shandong Hi-Speed Co (SHSE:600350), the current Return-on-Tangible-Equity is Negative Tangible Equity% 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 Shandong Hi-Speed Co (SHSE:600350) Overvalued in 2026?
Based on GuruFocus' analysis, Shandong Hi-Speed Co stock appears to be overvalued.
The current stock price of ¥10.81 is trading 28.7% above its estimated GF Value™ of ¥8.40.
GuruFocus considers Shandong Hi-Speed Co to be Modestly Overvalued.
No single metric tells the full story. See the SHSE:600350 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shandong Hi-Speed Co Ltd is a China-based company mainly engaged in the investment and operation of transportation infrastructure. It is also engaged in activities of equity investment in the upstream and downstream industries, finance, and environmental protection of the highway industry chain. It operates and maintains toll roads, bridges, tunnels, and other infrastructure facilities. The company earns majority revenue in the form of Toll, railway transportation, sales of goods, project construction, and other businesses.
68GF Score
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