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Shede Spirits CoSHSE:600702 -4.88%79 Return-on-Tangible-Equity is 14.06% as of Mar. 2026, which is 15% below its 10-year median of 16.62. GuruFocus rates SHSE:600702 with a GF Score™ of 79/100 and a GF Value™ of ¥50.66 (Possible Value Trap). The stock has 10 warning signs investors should review. Among 200 Beverages - Alcoholic companies, Shede Spirits Co ranks worse than 68.5% 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. Shede Spirits Co's annualized net income for the quarter that ended in Mar. 2026 was ¥926 Mil. Shede Spirits Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥6,588 Mil. Therefore, Shede Spirits Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 14.06%.
The historical rank and industry rank for Shede Spirits Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:600702'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.64 Med: 16.62 Max: 32.05
Current: 1.64
During the past 13 years, Shede Spirits Co's highest Return-on-Tangible-Equity was 32.05%. The lowest was 1.64%. And the median was 16.62%.
SHSE:600702's Return-on-Tangible-Equity is ranked worse than 68.5% of 200
companies
in the Beverages - Alcoholic industry
Industry Median: 8.51
vs SHSE:600702: 1.64
Shede Spirits Co (SHSE:600702) 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.
Shede Spirits Co Return-on-Tangible-Equity Related Terms
Shede Spirits Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Shede Spirits 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.
SHSE:600702 vs BF.B: Return-on-Tangible-Equity Comparison
For the Beverages - Wineries & Distilleries subindustry, Shede Spirits 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.
Shede Spirits Co Return-on-Tangible-Equity vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Shede Spirits Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Shede Spirits 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 14.06% mean?
Shede Spirits Co (SHSE:600702) has a Return-on-Tangible-Equity of 14.06% 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 Shede Spirits Co and its competitors. This is 15% below median its historical median of 16.62. Over the past decade, Shede Spirits Co's Return-on-Tangible-Equity has ranged from 1.64 to 32.05. According to the industry distribution chart, Shede Spirits Co ranks #137 out of 200 companies in the Beverages - Alcoholic industry, placing it in the top 68.5%.
Is Shede Spirits Co's Return-on-Tangible-Equity too high?
Shede Spirits Co's current Return-on-Tangible-Equity of 14.06% is 15% below median its 10-year median of 16.62. Over the past 10 years, this metric has ranged from a low of 1.64 to a high of 32.05. The Beverages - Alcoholic industry median Return-on-Tangible-Equity is 8.51. Shede Spirits Co's value of 14.06% is 65.2% above this industry median. Based on the distribution chart, Shede Spirits Co ranks #137 out of 200 companies in the Beverages - Alcoholic industry, which is below the industry midpoint. Overall, Shede Spirits Co has a GF Score™ of 79/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Shede Spirits Co's Return-on-Tangible-Equity compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Shede Spirits Co ranks #137 out of 200 companies for Return-on-Tangible-Equity. This places Shede Spirits Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 8.51. Shede Spirits Co's value of 14.06% is 65.2% above this benchmark. Historically, Shede Spirits Co's own Return-on-Tangible-Equity has ranged from 1.64 to 32.05 over the past decade. While the company's 10-year median is 16.62 vs. the industry median of 8.51, Shede Spirits 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 Beverages - Alcoholic company?
The median Return-on-Tangible-Equity among Beverages - Alcoholic companies is 8.51, based on 200 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. Shede Spirits Co's current Return-on-Tangible-Equity of 14.06% is 65.2% 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 Shede Spirits Co and its competitors. For the Beverages - Alcoholic industry, the median Return-on-Tangible-Equity is 8.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shede Spirits Co's current Return-on-Tangible-Equity is 14.06%, which is 15% below median its own 10-year median of 16.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shede Spirits Co stock overvalued right now?
Based on GuruFocus' analysis, Shede Spirits Co (SHSE:600702) is currently considered Possible Value Trap. The stock's GF Value™ is ¥50.66, compared to a current price of ¥32.72 — trading 35.4% below its estimated fair value. The current Return-on-Tangible-Equity is 14.06%, which is 15% below median its 10-year median of 16.62 and 65.2% above the Beverages - Alcoholic industry median of 8.51. Shede Spirits Co's overall GF Score™ is 79/100 with 10 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 Shede Spirits Co (SHSE:600702), the current Return-on-Tangible-Equity is 14.06% 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 Shede Spirits Co (SHSE:600702) Overvalued in 2026?
Based on GuruFocus' analysis, Shede Spirits Co stock appears to be undervalued.
The current stock price of ¥32.72 is trading 35.4% below its estimated GF Value™ of ¥50.66.
GuruFocus considers Shede Spirits Co to be Possible Value Trap.
Key valuation signals for SHSE:600702:
Return-on-Tangible-Equity: 14.06% (15% below median its 10-year median of 16.62)
GF Value™: ¥50.66 vs. price of ¥32.72 (35.4% below fair value)
Industry Position: 65.2% above the Beverages - Alcoholic median (#137 of 200)
No single metric tells the full story. See the SHSE:600702 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shede Spirits Co Ltd manufactures liquor products. The company produces high-end liquor, low-end liquor, mid-end liquor, and other products. Shede Spirits markets its products throughout China.
79GF Score
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