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SHSE:600648's Return-on-Tangible-Equity is ranked worse than 63.85% of 1007
companies
in the Business Services industry
Industry Median: 10.73
vs SHSE:600648: 6.06
Shanghai Wai Gaoqia Free Trade Zone Group Co (SHSE:600648) 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 Wai Gaoqia Free Trade Zone Group Co Return-on-Tangible-Equity Related Terms
Shanghai Wai Gaoqia Free Trade Zone Group 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 Wai Gaoqia Free Trade Zone Group Co Return-on-Tangible-Equity Chart
Shanghai Wai Gaoqia Free Trade Zone Group Co Annual Data
SHSE:600648 vs CTAS, CPRT, ULS: Return-on-Tangible-Equity Comparison
For the Specialty Business Services subindustry, Shanghai Wai Gaoqia Free Trade Zone Group 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 Wai Gaoqia Free Trade Zone Group Co Return-on-Tangible-Equity vs Business Services Industry
* 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 0.37% mean?
Shanghai Wai Gaoqia Free Trade Zone Group Co (SHSE:600648) has a Return-on-Tangible-Equity of 0.37% 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 Wai Gaoqia Free Trade Zone Group Co and its competitors. This is 95% below median its historical median of 7.82. Over the past decade, Shanghai Wai Gaoqia Free Trade Zone Group Co's Return-on-Tangible-Equity has ranged from 6.06 to 10.60. According to the industry distribution chart, Shanghai Wai Gaoqia Free Trade Zone Group Co ranks #643 out of 1007 companies in the Business Services industry, placing it in the top 63.9%.
Is Shanghai Wai Gaoqia Free Trade Zone Group Co's Return-on-Tangible-Equity too high?
Shanghai Wai Gaoqia Free Trade Zone Group Co's current Return-on-Tangible-Equity of 0.37% is 95% below median its 10-year median of 7.82. Over the past 10 years, this metric has ranged from a low of 6.06 to a high of 10.60. The Business Services industry median Return-on-Tangible-Equity is 10.73. Shanghai Wai Gaoqia Free Trade Zone Group Co's value of 0.37% is 96.6% below this industry median. Based on the distribution chart, Shanghai Wai Gaoqia Free Trade Zone Group Co ranks #643 out of 1007 companies in the Business Services industry, which is below the industry midpoint. Overall, Shanghai Wai Gaoqia Free Trade Zone Group Co has a GF Score™ of 47/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Wai Gaoqia Free Trade Zone Group Co's Return-on-Tangible-Equity compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Shanghai Wai Gaoqia Free Trade Zone Group Co ranks #643 out of 1007 companies for Return-on-Tangible-Equity. This places Shanghai Wai Gaoqia Free Trade Zone Group Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 10.73. Shanghai Wai Gaoqia Free Trade Zone Group Co's value of 0.37% is 96.6% below this benchmark. Historically, Shanghai Wai Gaoqia Free Trade Zone Group Co's own Return-on-Tangible-Equity has ranged from 6.06 to 10.60 over the past decade. While the company's 10-year median is 7.82 vs. the industry median of 10.73, Shanghai Wai Gaoqia Free Trade Zone Group Co has consistently been below 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 Business Services company?
The median Return-on-Tangible-Equity among Business Services companies is 10.73, based on 1,007 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 Wai Gaoqia Free Trade Zone Group Co's current Return-on-Tangible-Equity of 0.37% is 96.6% below 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 Wai Gaoqia Free Trade Zone Group Co and its competitors. For the Business Services industry, the median Return-on-Tangible-Equity is 10.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Wai Gaoqia Free Trade Zone Group Co's current Return-on-Tangible-Equity is 0.37%, which is 95% below median its own 10-year median of 7.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Wai Gaoqia Free Trade Zone Group Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Wai Gaoqia Free Trade Zone Group Co (SHSE:600648) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥7.54, compared to a current price of ¥8.41 — trading 11.5% above its estimated fair value. The current Return-on-Tangible-Equity is 0.37%, which is 95% below median its 10-year median of 7.82 and 96.6% below the Business Services industry median of 10.73. Shanghai Wai Gaoqia Free Trade Zone Group Co's overall GF Score™ is 47/100 with 9 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 Wai Gaoqia Free Trade Zone Group Co (SHSE:600648), the current Return-on-Tangible-Equity is 0.37% 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 Wai Gaoqia Free Trade Zone Group Co (SHSE:600648) Overvalued in 2026?
Based on GuruFocus' analysis, Shanghai Wai Gaoqia Free Trade Zone Group Co stock appears to be overvalued.
The current stock price of ¥8.41 is trading 11.5% above its estimated GF Value™ of ¥7.54.
GuruFocus considers Shanghai Wai Gaoqia Free Trade Zone Group Co to be Modestly Overvalued.
Key valuation signals for SHSE:600648:
Return-on-Tangible-Equity: 0.37% (95% below median its 10-year median of 7.82)
GF Value™: ¥7.54 vs. price of ¥8.41 (11.5% above fair value)
Industry Position: 96.6% below the Business Services median (#643 of 1007)
No single metric tells the full story. See the SHSE:600648 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shanghai Wai Gaoqia Free Trade Zone Group Co Business Description
Shanghai Wai Gaoqia Free Trade Zone Group Co Ltd, formerly Shanghai Wai Gaoqiao Free Trade Zone Development Co., Ltd. provides a multi-functional free trade zone in China. Its developments include office and factory buildings & public warehouse services.
47GF Score
Get the complete analysis for SHSE:600648
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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