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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. Shanghai Fudan Forward S&T Co's annualized net income for the quarter that ended in Mar. 2026 was ¥-43.7 Mil. Shanghai Fudan Forward S&T Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥345.1 Mil. Therefore, Shanghai Fudan Forward S&T Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -12.68%.
The historical rank and industry rank for Shanghai Fudan Forward S&T Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:600624'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -43.58 Med: -1.94 Max: 4.26
Current: -43.08
During the past 13 years, Shanghai Fudan Forward S&T Co's highest Return-on-Tangible-Equity was 4.26%. The lowest was -43.58%. And the median was -1.94%.
SHSE:600624's Return-on-Tangible-Equity is ranked worse than 94.73% of 550
companies
in the Conglomerates industry
Industry Median: 7.465
vs SHSE:600624: -43.08
Shanghai Fudan Forward S&T Co (SHSE:600624) 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.
Shanghai Fudan Forward S&T Co Return-on-Tangible-Equity Related Terms
Shanghai Fudan Forward S&T 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.
Shanghai Fudan Forward S&T Co Return-on-Tangible-Equity Chart
SHSE:600624 vs MMM, HON: Return-on-Tangible-Equity Comparison
For the Conglomerates subindustry, Shanghai Fudan Forward S&T 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.
Shanghai Fudan Forward S&T Co Return-on-Tangible-Equity vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Shanghai Fudan Forward S&T Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Shanghai Fudan Forward S&T 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 -12.68% mean?
Shanghai Fudan Forward S&T Co (SHSE:600624) has a Return-on-Tangible-Equity of -12.68% 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 Shanghai Fudan Forward S&T Co and its competitors. According to the industry distribution chart, Shanghai Fudan Forward S&T Co ranks #521 out of 550 companies in the Conglomerates industry, placing it in the top 94.7%.
Is Shanghai Fudan Forward S&T Co's Return-on-Tangible-Equity too high?
Shanghai Fudan Forward S&T Co's current Return-on-Tangible-Equity is -12.68%. Based on the distribution chart, Shanghai Fudan Forward S&T Co ranks #521 out of 550 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, Shanghai Fudan Forward S&T Co has a GF Score™ of 40/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Fudan Forward S&T Co's Return-on-Tangible-Equity compare to MMM and HON?
According to the Conglomerates industry distribution chart, Shanghai Fudan Forward S&T Co ranks #521 out of 550 companies for Return-on-Tangible-Equity. This places Shanghai Fudan Forward S&T Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.47. 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 Conglomerates company?
The median Return-on-Tangible-Equity among Conglomerates companies is 7.47, based on 550 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 Shanghai Fudan Forward S&T Co and its competitors. For the Conglomerates industry, the median Return-on-Tangible-Equity is 7.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Fudan Forward S&T Co's current Return-on-Tangible-Equity is -12.68%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Fudan Forward S&T Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Fudan Forward S&T Co (SHSE:600624) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥4.97, compared to a current price of ¥3.58 — trading 28% below its estimated fair value. The current Return-on-Tangible-Equity is -12.68%. Shanghai Fudan Forward S&T Co's overall GF Score™ is 40/100 with 5 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 Shanghai Fudan Forward S&T Co (SHSE:600624), the current Return-on-Tangible-Equity is -12.68% 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 Shanghai Fudan Forward S&T Co (SHSE:600624) Overvalued in 2026?
Based on GuruFocus' analysis, Shanghai Fudan Forward S&T Co stock appears to be undervalued.
The current stock price of ¥3.58 is trading 28% below its estimated GF Value™ of ¥4.97.
GuruFocus considers Shanghai Fudan Forward S&T Co to be Modestly Undervalued.
Key valuation signals for SHSE:600624:
Return-on-Tangible-Equity: -12.68%
GF Value™: ¥4.97 vs. price of ¥3.58 (28% below fair value)
No single metric tells the full story. See the SHSE:600624 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shanghai Fudan Forward S&T Co Business Description
Shanghai Fudan Forward S&T Co Ltd is a multi-industry, cross-regional, export-oriented and multi-functional comprehensive enterprise integrating domestic and foreign trade, textile new materials, automobile interiors, real estate and other industries.
40GF Score
Get the complete analysis for SHSE:600624
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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