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Heilongjiang Agriculture CoSHSE:600598 +2.09%70 Return-on-Tangible-Equity is 28.95% as of Mar. 2026, which is 102% above its 10-year median of 14.31. GuruFocus rates SHSE:600598 with a GF Score™ of 70/100 and a GF Value™ of ¥14.97 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,880 Consumer Packaged Goods companies, Heilongjiang Agriculture Co ranks better than 71.86% 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. Heilongjiang Agriculture Co's annualized net income for the quarter that ended in Mar. 2026 was ¥2,324 Mil. Heilongjiang Agriculture Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥8,026 Mil. Therefore, Heilongjiang Agriculture Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 28.95%.
The historical rank and industry rank for Heilongjiang Agriculture Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:600598'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 11.29 Med: 14.31 Max: 16.71
Current: 15.31
During the past 13 years, Heilongjiang Agriculture Co's highest Return-on-Tangible-Equity was 16.71%. The lowest was 11.29%. And the median was 14.31%.
SHSE:600598's Return-on-Tangible-Equity is ranked better than 71.86% of 1880
companies
in the Consumer Packaged Goods industry
Industry Median: 7.86
vs SHSE:600598: 15.31
Heilongjiang Agriculture Co (SHSE:600598) 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.
Heilongjiang Agriculture Co Return-on-Tangible-Equity Related Terms
Heilongjiang Agriculture 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.
Heilongjiang Agriculture Co Return-on-Tangible-Equity Chart
SHSE:600598 vs ADM, BG, TSN: Return-on-Tangible-Equity Comparison
For the Farm Products subindustry, Heilongjiang Agriculture 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.
Heilongjiang Agriculture Co Return-on-Tangible-Equity vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Heilongjiang Agriculture Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Heilongjiang Agriculture 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 28.95% mean?
Heilongjiang Agriculture Co (SHSE:600598) has a Return-on-Tangible-Equity of 28.95% 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 Heilongjiang Agriculture Co and its competitors. This is 102% above median its historical median of 14.31. Over the past decade, Heilongjiang Agriculture Co's Return-on-Tangible-Equity has ranged from 11.29 to 16.71. According to the industry distribution chart, Heilongjiang Agriculture Co ranks #529 out of 1880 companies in the Consumer Packaged Goods industry, placing it in the top 28.1%.
Is Heilongjiang Agriculture Co's Return-on-Tangible-Equity too high?
Heilongjiang Agriculture Co's current Return-on-Tangible-Equity of 28.95% is 102% above median its 10-year median of 14.31. Over the past 10 years, this metric has ranged from a low of 11.29 to a high of 16.71. The Consumer Packaged Goods industry median Return-on-Tangible-Equity is 7.86. Heilongjiang Agriculture Co's value of 28.95% is 268.3% above this industry median. Based on the distribution chart, Heilongjiang Agriculture Co ranks #529 out of 1880 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Heilongjiang Agriculture Co has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Heilongjiang Agriculture Co's Return-on-Tangible-Equity compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Heilongjiang Agriculture Co ranks #529 out of 1880 companies for Return-on-Tangible-Equity. This puts Heilongjiang Agriculture Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.86. Heilongjiang Agriculture Co's value of 28.95% is 268.3% above this benchmark. Historically, Heilongjiang Agriculture Co's own Return-on-Tangible-Equity has ranged from 11.29 to 16.71 over the past decade. While the company's 10-year median is 14.31 vs. the industry median of 7.86, Heilongjiang Agriculture 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 Consumer Packaged Goods company?
The median Return-on-Tangible-Equity among Consumer Packaged Goods companies is 7.86, based on 1,880 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. Heilongjiang Agriculture Co's current Return-on-Tangible-Equity of 28.95% is 268.3% 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 Heilongjiang Agriculture Co and its competitors. For the Consumer Packaged Goods industry, the median Return-on-Tangible-Equity is 7.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heilongjiang Agriculture Co's current Return-on-Tangible-Equity is 28.95%, which is 102% above median its own 10-year median of 14.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heilongjiang Agriculture Co stock overvalued right now?
Based on GuruFocus' analysis, Heilongjiang Agriculture Co (SHSE:600598) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥14.97, compared to a current price of ¥12.20 — trading 18.5% below its estimated fair value. The current Return-on-Tangible-Equity is 28.95%, which is 102% above median its 10-year median of 14.31 and 268.3% above the Consumer Packaged Goods industry median of 7.86. Heilongjiang Agriculture Co's overall GF Score™ is 70/100 with 6 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 Heilongjiang Agriculture Co (SHSE:600598), the current Return-on-Tangible-Equity is 28.95% 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 Heilongjiang Agriculture Co (SHSE:600598) Overvalued in 2026?
Based on GuruFocus' analysis, Heilongjiang Agriculture Co stock appears to be undervalued.
The current stock price of ¥12.20 is trading 18.5% below its estimated GF Value™ of ¥14.97.
GuruFocus considers Heilongjiang Agriculture Co to be Modestly Undervalued.
Key valuation signals for SHSE:600598:
Return-on-Tangible-Equity: 28.95% (102% above median its 10-year median of 14.31)
GF Value™: ¥14.97 vs. price of ¥12.20 (18.5% below fair value)
Industry Position: 268.3% above the Consumer Packaged Goods median (#529 of 1880)
No single metric tells the full story. See the SHSE:600598 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Heilongjiang Agriculture Co Ltd is an agricultural company. It is engaged in the contracting and operating of cultivated land; production and sale of food crops such as rice and corn; technology, information, and services related to crop production; retail of fertilizers (only branches can operate these businesses); and real estate development and sales.
70GF Score
Get the complete analysis for SHSE:600598
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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