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Kweichow Moutai CoSHSE:600519 +0.42%97 Return-on-Tangible-Equity is 43.76% as of Mar. 2026, which is 28% above its 10-year median of 34.32. GuruFocus rates SHSE:600519 with a GF Score™ of 97/100 and a GF Value™ of ¥1,593.68 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 200 Beverages - Alcoholic companies, Kweichow Moutai Co ranks better than 83% 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. Kweichow Moutai Co's annualized net income for the quarter that ended in Mar. 2026 was ¥108,970 Mil. Kweichow Moutai Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥248,992 Mil. Therefore, Kweichow Moutai Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 43.76%.
The historical rank and industry rank for Kweichow Moutai Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:600519'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 25.78 Med: 34.32 Max: 40.01
Current: 33.75
During the past 13 years, Kweichow Moutai Co's highest Return-on-Tangible-Equity was 40.01%. The lowest was 25.78%. And the median was 34.32%.
SHSE:600519's Return-on-Tangible-Equity is ranked better than 83% of 200
companies
in the Beverages - Alcoholic industry
Industry Median: 8.51
vs SHSE:600519: 33.75
Kweichow Moutai Co (SHSE:600519) 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.
Kweichow Moutai Co Return-on-Tangible-Equity Related Terms
Kweichow Moutai Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Kweichow Moutai 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.
Kweichow Moutai Co Return-on-Tangible-Equity Chart
SHSE:600519 vs BF.B: Return-on-Tangible-Equity Comparison
For the Beverages - Wineries & Distilleries subindustry, Kweichow Moutai 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.
Kweichow Moutai Co Return-on-Tangible-Equity vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Kweichow Moutai Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Kweichow Moutai 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 43.76% mean?
Kweichow Moutai Co (SHSE:600519) has a Return-on-Tangible-Equity of 43.76% 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 Kweichow Moutai Co and its competitors. This is 28% above median its historical median of 34.32. Over the past decade, Kweichow Moutai Co's Return-on-Tangible-Equity has ranged from 25.78 to 40.01. According to the industry distribution chart, Kweichow Moutai Co ranks #34 out of 200 companies in the Beverages - Alcoholic industry, placing it in the top 17%.
Is Kweichow Moutai Co's Return-on-Tangible-Equity too high?
Kweichow Moutai Co's current Return-on-Tangible-Equity of 43.76% is 28% above median its 10-year median of 34.32. Over the past 10 years, this metric has ranged from a low of 25.78 to a high of 40.01. The Beverages - Alcoholic industry median Return-on-Tangible-Equity is 8.51. Kweichow Moutai Co's value of 43.76% is 414.2% above this industry median. Based on the distribution chart, Kweichow Moutai Co ranks #34 out of 200 companies in the Beverages - Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Kweichow Moutai Co has a GF Score™ of 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kweichow Moutai Co's Return-on-Tangible-Equity compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Kweichow Moutai Co ranks #34 out of 200 companies for Return-on-Tangible-Equity. This places Kweichow Moutai Co in the top 17% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.51. Kweichow Moutai Co's value of 43.76% is 414.2% above this benchmark. Historically, Kweichow Moutai Co's own Return-on-Tangible-Equity has ranged from 25.78 to 40.01 over the past decade. While the company's 10-year median is 34.32 vs. the industry median of 8.51, Kweichow Moutai 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 Beverages - Alcoholic company?
The median Return-on-Tangible-Equity among Beverages - Alcoholic companies is 8.51, based on 200 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. Kweichow Moutai Co's current Return-on-Tangible-Equity of 43.76% is 414.2% 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 Kweichow Moutai Co and its competitors. For the Beverages - Alcoholic industry, the median Return-on-Tangible-Equity is 8.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kweichow Moutai Co's current Return-on-Tangible-Equity is 43.76%, which is 28% above median its own 10-year median of 34.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kweichow Moutai Co stock overvalued right now?
Based on GuruFocus' analysis, Kweichow Moutai Co (SHSE:600519) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥1,593.68, compared to a current price of ¥1,297.41 — trading 18.6% below its estimated fair value. The current Return-on-Tangible-Equity is 43.76%, which is 28% above median its 10-year median of 34.32 and 414.2% above the Beverages - Alcoholic industry median of 8.51. Kweichow Moutai Co's overall GF Score™ is 97/100 with 2 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 Kweichow Moutai Co (SHSE:600519), the current Return-on-Tangible-Equity is 43.76% 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 Kweichow Moutai Co (SHSE:600519) Overvalued in 2026?
Based on GuruFocus' analysis, Kweichow Moutai Co stock appears to be undervalued.
The current stock price of ¥1,297.41 is trading 18.6% below its estimated GF Value™ of ¥1,593.68.
GuruFocus considers Kweichow Moutai Co to be Modestly Undervalued.
Key valuation signals for SHSE:600519:
Return-on-Tangible-Equity: 43.76% (28% above median its 10-year median of 34.32)
GF Value™: ¥1,593.68 vs. price of ¥1,297.41 (18.6% below fair value)
Industry Position: 414.2% above the Beverages - Alcoholic median (#34 of 200)
No single metric tells the full story. See the SHSE:600519 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kweichow Moutai is China's largest baijiu producer, with sales revenue of over CNY 170 billion in 2024. Established in 1951, Moutai is headquartered in Moutai Town, Renhuai City, Guizhou province, in southwest China. Its core product, 53-degree Feitian Moutai, is known as China's national drink and has been consumed during many high-profile historical and political events. Moutai's unparalleled brand strength and premium product quality have led to remarkable pricing power, allowing it to achieve the industry's highest retail prices and profit margins. The State-owned Assets Supervision and Administration Commission of Guizhou province, through Moutai Group, controls a 49% stake in Kweichow Moutai.
97GF Score
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