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Huadian Liaoning Energy Development CoSHSE:600396 +5.77%26 Return-on-Tangible-Equity is 55.84% as of Mar. 2026, which is 3264% above its 10-year median of 1.66. GuruFocus rates SHSE:600396 with a GF Score™ of 26/100 and a GF Value™ of ¥2.41 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 498 Utilities - Regulated companies, Huadian Liaoning Energy Development Co ranks worse than 81.33% on this metric.
SHSE:600396'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -212.7 Med: 1.66 Max: 13.94
Current: 3.48
During the past 13 years, Huadian Liaoning Energy Development Co's highest Return-on-Tangible-Equity was 13.94%. The lowest was -212.70%. And the median was 1.66%.
SHSE:600396's Return-on-Tangible-Equity is ranked worse than 81.33% of 498
companies
in the Utilities - Regulated industry
Industry Median: 10.91
vs SHSE:600396: 3.48
Huadian Liaoning Energy Development Co (SHSE:600396) 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.
Huadian Liaoning Energy Development Co Return-on-Tangible-Equity Related Terms
Huadian Liaoning Energy Development 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.
Huadian Liaoning Energy Development Co Return-on-Tangible-Equity Chart
Huadian Liaoning Energy Development Co Annual Data
SHSE:600396 vs SRE: Return-on-Tangible-Equity Comparison
For the Utilities - Diversified subindustry, Huadian Liaoning Energy Development 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.
Huadian Liaoning Energy Development Co Return-on-Tangible-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Huadian Liaoning Energy Development Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Huadian Liaoning Energy Development 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 55.84% mean?
Huadian Liaoning Energy Development Co (SHSE:600396) has a Return-on-Tangible-Equity of 55.84% 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 Huadian Liaoning Energy Development Co and its competitors. This is 3264% above median its historical median of 1.66. According to the industry distribution chart, Huadian Liaoning Energy Development Co ranks #405 out of 498 companies in the Utilities - Regulated industry, placing it in the top 81.3%.
Is Huadian Liaoning Energy Development Co's Return-on-Tangible-Equity too high?
Huadian Liaoning Energy Development Co's current Return-on-Tangible-Equity of 55.84% is 3264% above median its 10-year median of 1.66. The Utilities - Regulated industry median Return-on-Tangible-Equity is 10.91. Huadian Liaoning Energy Development Co's value of 55.84% is 411.8% above this industry median. Based on the distribution chart, Huadian Liaoning Energy Development Co ranks #405 out of 498 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Huadian Liaoning Energy Development Co has a GF Score™ of 26/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Huadian Liaoning Energy Development Co's Return-on-Tangible-Equity compare to SRE?
According to the Utilities - Regulated industry distribution chart, Huadian Liaoning Energy Development Co ranks #405 out of 498 companies for Return-on-Tangible-Equity. This places Huadian Liaoning Energy Development Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 10.91. Huadian Liaoning Energy Development Co's value of 55.84% is 411.8% above this benchmark. While the company's 10-year median is 1.66 vs. the industry median of 10.91, Huadian Liaoning Energy Development 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 Utilities - Regulated company?
The median Return-on-Tangible-Equity among Utilities - Regulated companies is 10.91, based on 498 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. Huadian Liaoning Energy Development Co's current Return-on-Tangible-Equity of 55.84% is 411.8% 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 Huadian Liaoning Energy Development Co and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Equity is 10.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Huadian Liaoning Energy Development Co's current Return-on-Tangible-Equity is 55.84%, which is 3264% above median its own 10-year median of 1.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Huadian Liaoning Energy Development Co stock overvalued right now?
Based on GuruFocus' analysis, Huadian Liaoning Energy Development Co (SHSE:600396) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥2.41, compared to a current price of ¥13.56 — trading 462.7% above its estimated fair value. The current Return-on-Tangible-Equity is 55.84%, which is 3264% above median its 10-year median of 1.66 and 411.8% above the Utilities - Regulated industry median of 10.91. Huadian Liaoning Energy Development Co's overall GF Score™ is 26/100 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 Huadian Liaoning Energy Development Co (SHSE:600396), the current Return-on-Tangible-Equity is 55.84% 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 Huadian Liaoning Energy Development Co (SHSE:600396) Overvalued in 2026?
Based on GuruFocus' analysis, Huadian Liaoning Energy Development Co stock appears to be overvalued.
The current stock price of ¥13.56 is trading 462.7% above its estimated GF Value™ of ¥2.41.
GuruFocus considers Huadian Liaoning Energy Development Co to be Significantly Overvalued.
Key valuation signals for SHSE:600396:
Return-on-Tangible-Equity: 55.84% (3264% above median its 10-year median of 1.66)
GF Value™: ¥2.41 vs. price of ¥13.56 (462.7% above fair value)
Industry Position: 411.8% above the Utilities - Regulated median (#405 of 498)
No single metric tells the full story. See the SHSE:600396 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Huadian Liaoning Energy Development Co Business Description
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