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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. Shanxi Antai Group Co's annualized net income for the quarter that ended in Mar. 2026 was ¥-200 Mil. Shanxi Antai Group Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥1,047 Mil. Therefore, Shanxi Antai Group Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -19.07%.
The historical rank and industry rank for Shanxi Antai Group Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:600408'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -54.73 Med: -16.86 Max: 90.52
Current: -24.71
During the past 13 years, Shanxi Antai Group Co's highest Return-on-Tangible-Equity was 90.52%. The lowest was -54.73%. And the median was -16.86%.
SHSE:600408's Return-on-Tangible-Equity is ranked worse than 93.01% of 615
companies
in the Steel industry
Industry Median: 4.1
vs SHSE:600408: -24.71
Shanxi Antai Group Co (SHSE:600408) 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.
Shanxi Antai Group Co Return-on-Tangible-Equity Related Terms
Shanxi Antai Group Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Shanxi Antai 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.
Shanxi Antai Group Co Return-on-Tangible-Equity Chart
SHSE:600408 vs HCC, AMR, METC: Return-on-Tangible-Equity Comparison
For the Coking Coal subindustry, Shanxi Antai 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.
Shanxi Antai Group Co Return-on-Tangible-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, Shanxi Antai Group Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Shanxi Antai 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 -19.07% mean?
Shanxi Antai Group Co (SHSE:600408) has a Return-on-Tangible-Equity of -19.07% 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 Shanxi Antai Group Co and its competitors. According to the industry distribution chart, Shanxi Antai Group Co ranks #572 out of 615 companies in the Steel industry, placing it in the top 93%.
Is Shanxi Antai Group Co's Return-on-Tangible-Equity too high?
Shanxi Antai Group Co's current Return-on-Tangible-Equity is -19.07%. Based on the distribution chart, Shanxi Antai Group Co ranks #572 out of 615 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Shanxi Antai Group Co has a GF Score™ of 36/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shanxi Antai Group Co's Return-on-Tangible-Equity compare to HCC and AMR?
According to the Steel industry distribution chart, Shanxi Antai Group Co ranks #572 out of 615 companies for Return-on-Tangible-Equity. This places Shanxi Antai Group Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 4.10. 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 Steel company?
The median Return-on-Tangible-Equity among Steel companies is 4.10, based on 615 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 Shanxi Antai Group Co and its competitors. For the Steel industry, the median Return-on-Tangible-Equity is 4.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanxi Antai Group Co's current Return-on-Tangible-Equity is -19.07%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanxi Antai Group Co stock overvalued right now?
Based on GuruFocus' analysis, Shanxi Antai Group Co (SHSE:600408) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥1.27, compared to a current price of ¥2.51 — trading 97.6% above its estimated fair value. The current Return-on-Tangible-Equity is -19.07%. Shanxi Antai Group Co's overall GF Score™ is 36/100 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 Shanxi Antai Group Co (SHSE:600408), the current Return-on-Tangible-Equity is -19.07% 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 Shanxi Antai Group Co (SHSE:600408) Overvalued in 2026?
Based on GuruFocus' analysis, Shanxi Antai Group Co stock appears to be overvalued.
The current stock price of ¥2.51 is trading 97.6% above its estimated GF Value™ of ¥1.27.
GuruFocus considers Shanxi Antai Group Co to be Significantly Overvalued.
Key valuation signals for SHSE:600408:
Return-on-Tangible-Equity: -19.07%
GF Value™: ¥1.27 vs. price of ¥2.51 (97.6% above fair value)
No single metric tells the full story. See the SHSE:600408 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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