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Shanghai DragonSHSE:600630 +2.84%47 Return-on-Tangible-Equity is 12.84% as of Mar. 2026, which is 660% above its 10-year median of 1.69. GuruFocus rates SHSE:600630 with a GF Score™ of 47/100 and a GF Value™ of ¥9.04 (Possible Value Trap). The stock has 1 warning sign investors should review. Among 1,016 Manufacturing - Apparel & Accessories companies, Shanghai Dragon ranks better than 61.42% 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. Shanghai Dragon's annualized net income for the quarter that ended in Mar. 2026 was ¥99 Mil. Shanghai Dragon's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥771 Mil. Therefore, Shanghai Dragon's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 12.84%.
The historical rank and industry rank for Shanghai Dragon's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:600630'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -56.18 Med: 1.69 Max: 7.48
Current: 7.12
During the past 13 years, Shanghai Dragon's highest Return-on-Tangible-Equity was 7.48%. The lowest was -56.18%. And the median was 1.69%.
SHSE:600630's Return-on-Tangible-Equity is ranked better than 61.42% of 1016
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.43
vs SHSE:600630: 7.12
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 Dragon Return-on-Tangible-Equity Related Terms
Shanghai Dragon Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Shanghai Dragon'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.
For the Textile Manufacturing subindustry, Shanghai Dragon'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 Dragon Return-on-Tangible-Equity vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Shanghai Dragon's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Shanghai Dragon'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 12.84% mean?
Shanghai Dragon (SHSE:600630) has a Return-on-Tangible-Equity of 12.84% 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 Dragon and its competitors. This is 660% above median its historical median of 1.69. According to the industry distribution chart, Shanghai Dragon ranks #392 out of 1016 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 38.6%.
Is Shanghai Dragon's Return-on-Tangible-Equity too high?
Shanghai Dragon's current Return-on-Tangible-Equity of 12.84% is 660% above median its 10-year median of 1.69. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Equity is 4.43. Shanghai Dragon's value of 12.84% is 189.8% above this industry median. Based on the distribution chart, Shanghai Dragon ranks #392 out of 1016 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Shanghai Dragon has a GF Score™ of 47/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Shanghai Dragon's Return-on-Tangible-Equity compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Shanghai Dragon ranks #392 out of 1016 companies for Return-on-Tangible-Equity. This puts Shanghai Dragon in the upper half of its industry. The industry median Return-on-Tangible-Equity is 4.43. Shanghai Dragon's value of 12.84% is 189.8% above this benchmark. While the company's 10-year median is 1.69 vs. the industry median of 4.43, Shanghai Dragon 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 Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Equity among Manufacturing - Apparel & Accessories companies is 4.43, based on 1,016 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. Shanghai Dragon's current Return-on-Tangible-Equity of 12.84% is 189.8% 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 Shanghai Dragon and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Equity is 4.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Dragon's current Return-on-Tangible-Equity is 12.84%, which is 660% above median its own 10-year median of 1.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Dragon stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Dragon (SHSE:600630) is currently considered Possible Value Trap. The stock's GF Value™ is ¥9.04, compared to a current price of ¥6.15 — trading 32% below its estimated fair value. The current Return-on-Tangible-Equity is 12.84%, which is 660% above median its 10-year median of 1.69 and 189.8% above the Manufacturing - Apparel & Accessories industry median of 4.43. Shanghai Dragon's overall GF Score™ is 47/100 with 1 warning sign 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 Dragon (SHSE:600630), the current Return-on-Tangible-Equity is 12.84% 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 Dragon (SHSE:600630) Overvalued in 2026?
Based on GuruFocus' analysis, Shanghai Dragon stock appears to be undervalued.
The current stock price of ¥6.15 is trading 32% below its estimated GF Value™ of ¥9.04.
GuruFocus considers Shanghai Dragon to be Possible Value Trap.
Key valuation signals for SHSE:600630:
Return-on-Tangible-Equity: 12.84% (660% above median its 10-year median of 1.69)
GF Value™: ¥9.04 vs. price of ¥6.15 (32% below fair value)
Industry Position: 189.8% above the Manufacturing - Apparel & Accessories median (#392 of 1016)
No single metric tells the full story. See the SHSE:600630 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shanghai Dragon Corp focuses on the business of urban fashionable dress and home textile and foreign trade. Its core business includes Knitting and underwear; Clothing and dress; International trade; Home textile and Printing and dyeing.
47GF Score
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Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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