Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
The historical rank and industry rank for Ningbo Fubang High Tech Materials Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:600768'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -31.83 Med: 9.84 Max: 92.14
Current: 25.15
During the past 13 years, Ningbo Fubang High Tech Materials Co's highest Return-on-Tangible-Equity was 92.14%. The lowest was -31.83%. And the median was 9.84%.
SHSE:600768's Return-on-Tangible-Equity is ranked better than 89.14% of 2395
companies
in the Metals & Mining industry
Industry Median: -15.76
vs SHSE:600768: 25.15
Ningbo Fubang High Tech Materials Co (SHSE:600768) 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.
Ningbo Fubang High Tech Materials Co Return-on-Tangible-Equity Related Terms
Ningbo Fubang High Tech Materials 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.
Ningbo Fubang High Tech Materials Co Return-on-Tangible-Equity Chart
SHSE:600768 vs AA: Return-on-Tangible-Equity Comparison
For the Aluminum subindustry, Ningbo Fubang High Tech Materials 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.
Ningbo Fubang High Tech Materials Co Return-on-Tangible-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Ningbo Fubang High Tech Materials Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Ningbo Fubang High Tech Materials 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 (Jun. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 26.01% mean?
Ningbo Fubang High Tech Materials Co (SHSE:600768) has a Return-on-Tangible-Equity of 26.01% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Ningbo Fubang High Tech Materials Co and its competitors. This is 164% above median its historical median of 9.84. According to the industry distribution chart, Ningbo Fubang High Tech Materials Co ranks #260 out of 2395 companies in the Metals & Mining industry, placing it in the top 10.9%.
Is Ningbo Fubang High Tech Materials Co's Return-on-Tangible-Equity too high?
Ningbo Fubang High Tech Materials Co's current Return-on-Tangible-Equity of 26.01% is 164% above median its 10-year median of 9.84. Based on the distribution chart, Ningbo Fubang High Tech Materials Co ranks #260 out of 2395 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Ningbo Fubang High Tech Materials Co has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Fubang High Tech Materials Co's Return-on-Tangible-Equity compare to AA?
According to the Metals & Mining industry distribution chart, Ningbo Fubang High Tech Materials Co ranks #260 out of 2395 companies for Return-on-Tangible-Equity. This places Ningbo Fubang High Tech Materials Co in the top 11% of its industry — outperforming the majority of peers. 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 Metals & Mining company?
A good Return-on-Tangible-Equity depends on the Metals & Mining industry context. 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 Ningbo Fubang High Tech Materials Co and its competitors. Ningbo Fubang High Tech Materials Co's current Return-on-Tangible-Equity is 26.01%, which is 164% above median its own 10-year median of 9.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Fubang High Tech Materials Co stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Fubang High Tech Materials Co (SHSE:600768) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥21.18, compared to a current price of ¥15.01 — trading 29.1% below its estimated fair value. The current Return-on-Tangible-Equity is 26.01%, which is 164% above median its 10-year median of 9.84. Ningbo Fubang High Tech Materials Co's overall GF Score™ is 73/100 with 3 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 Ningbo Fubang High Tech Materials Co (SHSE:600768), the current Return-on-Tangible-Equity is 26.01% as of Jun. 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 Ningbo Fubang High Tech Materials Co (SHSE:600768) Overvalued in 2026?
Based on GuruFocus' analysis, Ningbo Fubang High Tech Materials Co stock appears to be undervalued.
The current stock price of ¥15.01 is trading 29.1% below its estimated GF Value™ of ¥21.18.
GuruFocus considers Ningbo Fubang High Tech Materials Co to be Modestly Undervalued.
Key valuation signals for SHSE:600768:
Return-on-Tangible-Equity: 26.01% (164% above median its 10-year median of 9.84)
GF Value™: ¥21.18 vs. price of ¥15.01 (29.1% below fair value)
No single metric tells the full story. See the SHSE:600768 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ningbo Fubang Jingye Group Co Ltd engages in the regional deep processing of industrial and civil aluminum profiles, and also engages in the trade of aluminum cast bars.
73GF Score
Get the complete analysis for SHSE:600768
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SHSE:600768 has been successfully added to your 
