Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Shandong Gold Mining CoSHSE:600547 +0.61%60 Return-on-Tangible-Equity is 66.94% as of Mar. 2026, which is 459% above its 10-year median of 11.97. GuruFocus rates SHSE:600547 with a GF Score™ of 60/100 and a GF Value™ of ¥47.94 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 2,378 Metals & Mining companies, Shandong Gold Mining Co ranks better than 98.65% 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. Shandong Gold Mining Co's annualized net income for the quarter that ended in Mar. 2026 was ¥5,783 Mil. Shandong Gold Mining Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥8,639 Mil. Therefore, Shandong Gold Mining Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 66.94%.
The historical rank and industry rank for Shandong Gold Mining Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:600547'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -0.78 Med: 11.97 Max: 287.75
Current: 287.75
During the past 13 years, Shandong Gold Mining Co's highest Return-on-Tangible-Equity was 287.75%. The lowest was -0.78%. And the median was 11.97%.
SHSE:600547's Return-on-Tangible-Equity is ranked better than 98.65% of 2378
companies
in the Metals & Mining industry
Industry Median: -16.405
vs SHSE:600547: 287.75
Shandong Gold Mining Co (SHSE:600547) 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 Gold Mining Co Return-on-Tangible-Equity Related Terms
Shandong Gold Mining Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Shandong Gold Mining 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 Gold Mining Co Return-on-Tangible-Equity Chart
SHSE:600547 vs NEM, AU, RGLD: Return-on-Tangible-Equity Comparison
For the Gold subindustry, Shandong Gold Mining 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 Gold Mining Co Return-on-Tangible-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Shandong Gold Mining Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Shandong Gold Mining 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 66.94% mean?
Shandong Gold Mining Co (SHSE:600547) has a Return-on-Tangible-Equity of 66.94% 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 Gold Mining Co and its competitors. This is 459% above median its historical median of 11.97. According to the industry distribution chart, Shandong Gold Mining Co ranks #32 out of 2378 companies in the Metals & Mining industry, placing it in the top 1.3%.
Is Shandong Gold Mining Co's Return-on-Tangible-Equity too high?
Shandong Gold Mining Co's current Return-on-Tangible-Equity of 66.94% is 459% above median its 10-year median of 11.97. Based on the distribution chart, Shandong Gold Mining Co ranks #32 out of 2378 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Shandong Gold Mining Co has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Shandong Gold Mining Co's Return-on-Tangible-Equity compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Shandong Gold Mining Co ranks #32 out of 2378 companies for Return-on-Tangible-Equity. This places Shandong Gold Mining Co in the top 1% of its industry — outperforming the majority of peers. 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 Metals & Mining company?
A good Return-on-Tangible-Equity depends on the Metals & Mining industry context. 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 Gold Mining Co and its competitors. Shandong Gold Mining Co's current Return-on-Tangible-Equity is 66.94%, which is 459% above median its own 10-year median of 11.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shandong Gold Mining Co stock overvalued right now?
Based on GuruFocus' analysis, Shandong Gold Mining Co (SHSE:600547) is currently considered Possible Value Trap. The stock's GF Value™ is ¥47.94, compared to a current price of ¥26.60 — trading 44.5% below its estimated fair value. The current Return-on-Tangible-Equity is 66.94%, which is 459% above median its 10-year median of 11.97. Shandong Gold Mining Co's overall GF Score™ is 60/100 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 Shandong Gold Mining Co (SHSE:600547), the current Return-on-Tangible-Equity is 66.94% 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 Gold Mining Co (SHSE:600547) Overvalued in 2026?
Based on GuruFocus' analysis, Shandong Gold Mining Co stock appears to be undervalued.
The current stock price of ¥26.60 is trading 44.5% below its estimated GF Value™ of ¥47.94.
GuruFocus considers Shandong Gold Mining Co to be Possible Value Trap.
Key valuation signals for SHSE:600547:
Return-on-Tangible-Equity: 66.94% (459% above median its 10-year median of 11.97)
GF Value™: ¥47.94 vs. price of ¥26.60 (44.5% below fair value)
No single metric tells the full story. See the SHSE:600547 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shandong Gold Mining Co Ltd is a China-based company mainly engaged in the exploration, mining, beneficiation, and sales of gold and non-ferrous metals. Additionally, it is involved in the production, processing, and sales of specialized equipment for gold mines and construction and decoration materials. The company's main products include standard gold bullions, investment gold bars, alloy gold, and silver ingots. Its portfolio of gold mines comprises Sanshandao Gold Mine, Jiaojia Gold Mine, Xincheng Gold Mine, Veladero Gold Mine, and Qinghai Dachaidan Mining, among others. The company's reporting segments are: Gold, which derives maximum revenue, Silver metal, Copper metal, Iron ore concentrates, Lead metal, Zinc metal, Purchased gold, Small gold bars, and Others.
60GF Score
Get the complete analysis for SHSE:600547
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SHSE:600547 has been successfully added to your 
