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Wuchan Zhongda Group CoSHSE:600704 71 Return-on-Tangible-Equity is 10.10% as of Mar. 2026, which is 20% below its 10-year median of 12.59. GuruFocus rates SHSE:600704 with a GF Score™ of 71/100 and a GF Value™ of ¥5.36 (Fairly Valued). The stock has 7 warning signs investors should review. Among 550 Conglomerates companies, Wuchan Zhongda Group Co ranks better than 58.55% 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. Wuchan Zhongda Group Co's annualized net income for the quarter that ended in Mar. 2026 was ¥3,884 Mil. Wuchan Zhongda Group Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥38,473 Mil. Therefore, Wuchan Zhongda Group Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 10.10%.
The historical rank and industry rank for Wuchan Zhongda Group Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:600704'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 9.32 Med: 12.59 Max: 17.75
Current: 9.66
During the past 13 years, Wuchan Zhongda Group Co's highest Return-on-Tangible-Equity was 17.75%. The lowest was 9.32%. And the median was 12.59%.
SHSE:600704's Return-on-Tangible-Equity is ranked better than 58.55% of 550
companies
in the Conglomerates industry
Industry Median: 7.465
vs SHSE:600704: 9.66
Wuchan Zhongda Group Co (SHSE:600704) 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.
Wuchan Zhongda Group Co Return-on-Tangible-Equity Related Terms
Wuchan Zhongda Group Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Wuchan Zhongda Group 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.
Wuchan Zhongda Group Co Return-on-Tangible-Equity Chart
SHSE:600704 vs HON, MMM: Return-on-Tangible-Equity Comparison
For the Conglomerates subindustry, Wuchan Zhongda 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.
Wuchan Zhongda Group Co Return-on-Tangible-Equity vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Wuchan Zhongda Group Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Wuchan Zhongda Group 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 10.10% mean?
Wuchan Zhongda Group Co (SHSE:600704) has a Return-on-Tangible-Equity of 10.10% 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 Wuchan Zhongda Group Co and its competitors. This is 20% below median its historical median of 12.59. Over the past decade, Wuchan Zhongda Group Co's Return-on-Tangible-Equity has ranged from 9.32 to 17.75. According to the industry distribution chart, Wuchan Zhongda Group Co ranks #228 out of 550 companies in the Conglomerates industry, placing it in the top 41.5%.
Is Wuchan Zhongda Group Co's Return-on-Tangible-Equity too high?
Wuchan Zhongda Group Co's current Return-on-Tangible-Equity of 10.10% is 20% below median its 10-year median of 12.59. Over the past 10 years, this metric has ranged from a low of 9.32 to a high of 17.75. The Conglomerates industry median Return-on-Tangible-Equity is 7.47. Wuchan Zhongda Group Co's value of 10.10% is 35.3% above this industry median. Based on the distribution chart, Wuchan Zhongda Group Co ranks #228 out of 550 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Wuchan Zhongda Group Co has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Wuchan Zhongda Group Co's Return-on-Tangible-Equity compare to HON and MMM?
According to the Conglomerates industry distribution chart, Wuchan Zhongda Group Co ranks #228 out of 550 companies for Return-on-Tangible-Equity. This puts Wuchan Zhongda Group Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.47. Wuchan Zhongda Group Co's value of 10.10% is 35.3% above this benchmark. Historically, Wuchan Zhongda Group Co's own Return-on-Tangible-Equity has ranged from 9.32 to 17.75 over the past decade. While the company's 10-year median is 12.59 vs. the industry median of 7.47, Wuchan Zhongda Group 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 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. Wuchan Zhongda Group Co's current Return-on-Tangible-Equity of 10.10% is 35.3% 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 Wuchan Zhongda Group 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. Wuchan Zhongda Group Co's current Return-on-Tangible-Equity is 10.10%, which is 20% below median its own 10-year median of 12.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wuchan Zhongda Group Co stock overvalued right now?
Based on GuruFocus' analysis, Wuchan Zhongda Group Co (SHSE:600704) is currently considered Fairly Valued. The stock's GF Value™ is ¥5.36, compared to a current price of ¥4.97 — trading 7.3% below its estimated fair value. The current Return-on-Tangible-Equity is 10.10%, which is 20% below median its 10-year median of 12.59 and 35.3% above the Conglomerates industry median of 7.47. Wuchan Zhongda Group Co's overall GF Score™ is 71/100 with 7 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 Wuchan Zhongda Group Co (SHSE:600704), the current Return-on-Tangible-Equity is 10.10% 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 Wuchan Zhongda Group Co (SHSE:600704) Overvalued in 2026?
Based on GuruFocus' analysis, Wuchan Zhongda Group Co stock appears to be undervalued.
The current stock price of ¥4.97 is trading 7.3% below its estimated GF Value™ of ¥5.36.
GuruFocus considers Wuchan Zhongda Group Co to be Fairly Valued.
Key valuation signals for SHSE:600704:
Return-on-Tangible-Equity: 10.10% (20% below median its 10-year median of 12.59)
GF Value™: ¥5.36 vs. price of ¥4.97 (7.3% below fair value)
Industry Position: 35.3% above the Conglomerates median (#228 of 550)
No single metric tells the full story. See the SHSE:600704 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wuchan Zhongda Group Co Ltd is engaged in industrial investment, equity investment, asset management, investment management, management consulting, information consulting services. It is also engaged in car sales and leasing, e-commerce technology services, used car transactions and services.
71GF Score
Get the complete analysis for SHSE:600704
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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