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Hla GroupSHSE:600398 -2.17%89 Return-on-Tangible-Equity is 12.50% as of Jun. 2026, which is 39% below its 10-year median of 20.62. GuruFocus rates SHSE:600398 with a GF Score™ of 89/100 and a GF Value™ of ¥7.53 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,024 Manufacturing - Apparel & Accessories companies, Hla Group ranks better than 73.73% 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. Hla Group's annualized net income for the quarter that ended in Jun. 2026 was ¥2,154 Mil. Hla Group's average shareholder tangible equity for the quarter that ended in Jun. 2026 was ¥17,234 Mil. Therefore, Hla Group's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was 12.50%.
The historical rank and industry rank for Hla Group's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:600398'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 12.28 Med: 20.62 Max: 35.65
Current: 12.28
During the past 13 years, Hla Group's highest Return-on-Tangible-Equity was 35.65%. The lowest was 12.28%. And the median was 20.62%.
SHSE:600398's Return-on-Tangible-Equity is ranked better than 73.73% of 1024
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.945
vs SHSE:600398: 12.28
Hla Group (SHSE:600398) 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.
Hla Group Return-on-Tangible-Equity Related Terms
Hla Group Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Hla Group'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.
SHSE:600398 vs RL, LEVI, VFC: Return-on-Tangible-Equity Comparison
For the Apparel Manufacturing subindustry, Hla Group'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.
Hla Group Return-on-Tangible-Equity vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Hla Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Hla Group'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 (Jun. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 12.50% mean?
Hla Group (SHSE:600398) has a Return-on-Tangible-Equity of 12.50% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Hla Group and its competitors. This is 39% below median its historical median of 20.62. Over the past decade, Hla Group's Return-on-Tangible-Equity has ranged from 12.28 to 35.65. According to the industry distribution chart, Hla Group ranks #269 out of 1024 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 26.3%.
Is Hla Group's Return-on-Tangible-Equity too high?
Hla Group's current Return-on-Tangible-Equity of 12.50% is 39% below median its 10-year median of 20.62. Over the past 10 years, this metric has ranged from a low of 12.28 to a high of 35.65. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Equity is 4.95. Hla Group's value of 12.50% is 152.8% above this industry median. Based on the distribution chart, Hla Group ranks #269 out of 1024 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Hla Group has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hla Group's Return-on-Tangible-Equity compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Hla Group ranks #269 out of 1024 companies for Return-on-Tangible-Equity. This puts Hla Group in the upper half of its industry. The industry median Return-on-Tangible-Equity is 4.95. Hla Group's value of 12.50% is 152.8% above this benchmark. Historically, Hla Group's own Return-on-Tangible-Equity has ranged from 12.28 to 35.65 over the past decade. While the company's 10-year median is 20.62 vs. the industry median of 4.95, Hla Group 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 Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Equity among Manufacturing - Apparel & Accessories companies is 4.95, based on 1,024 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. Hla Group's current Return-on-Tangible-Equity of 12.50% is 152.8% 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 Hla Group and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Equity is 4.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hla Group's current Return-on-Tangible-Equity is 12.50%, which is 39% below median its own 10-year median of 20.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hla Group stock overvalued right now?
Based on GuruFocus' analysis, Hla Group (SHSE:600398) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥7.53, compared to a current price of ¥5.87 — trading 22% below its estimated fair value. The current Return-on-Tangible-Equity is 12.50%, which is 39% below median its 10-year median of 20.62 and 152.8% above the Manufacturing - Apparel & Accessories industry median of 4.95. Hla Group's overall GF Score™ is 89/100 with 3 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 Hla Group (SHSE:600398), the current Return-on-Tangible-Equity is 12.50% as of Jun. 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 Hla Group (SHSE:600398) Overvalued in 2026?
Based on GuruFocus' analysis, Hla Group stock appears to be undervalued.
The current stock price of ¥5.87 is trading 22% below its estimated GF Value™ of ¥7.53.
GuruFocus considers Hla Group to be Modestly Undervalued.
Key valuation signals for SHSE:600398:
Return-on-Tangible-Equity: 12.50% (39% below median its 10-year median of 20.62)
GF Value™: ¥7.53 vs. price of ¥5.87 (22% below fair value)
Industry Position: 152.8% above the Manufacturing - Apparel & Accessories median (#269 of 1024)
No single metric tells the full story. See the SHSE:600398 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hla Group Corp Ltd is a Chinese clothing company. Its businesses include the operation of brand clothes, the production, and sales of upscale suits and professional clothing. Its brand clothing management includes brand management, supply chain management, and marketing network management. The company operates product brands including HLA, HLA Group Buying, OVV, Yingshi YeeHoO, and HLA Optimal Selection. The company offers men's clothing, women's clothing, and accessories.
89GF Score
Get the complete analysis for SHSE:600398
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