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Top Energy Co shanxiSHSE:600780 +1.18%75 Return-on-Tangible-Equity is 8.26% as of Mar. 2026, which is 49% above its 10-year median of 5.56. GuruFocus rates SHSE:600780 with a GF Score™ of 75/100 and a GF Value™ of ¥6.31 (Fairly Valued). The stock has 4 warning signs investors should review. Among 497 Utilities - Regulated companies, Top Energy Co shanxi ranks worse than 63.18% 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. Top Energy Co shanxi's annualized net income for the quarter that ended in Mar. 2026 was ¥688 Mil. Top Energy Co shanxi's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥8,331 Mil. Therefore, Top Energy Co shanxi's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 8.26%.
The historical rank and industry rank for Top Energy Co shanxi's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:600780'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.8 Med: 5.56 Max: 14.12
Current: 8.08
During the past 13 years, Top Energy Co shanxi's highest Return-on-Tangible-Equity was 14.12%. The lowest was 1.80%. And the median was 5.56%.
SHSE:600780's Return-on-Tangible-Equity is ranked worse than 63.18% of 497
companies
in the Utilities - Regulated industry
Industry Median: 10.92
vs SHSE:600780: 8.08
Top Energy Co shanxi (SHSE:600780) 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.
Top Energy Co shanxi Return-on-Tangible-Equity Related Terms
Top Energy Co shanxi Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Top Energy Co shanxi'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.
Top Energy Co shanxi Return-on-Tangible-Equity Chart
SHSE:600780 vs NEE, SO, DUK: Return-on-Tangible-Equity Comparison
For the Utilities - Regulated Electric subindustry, Top Energy Co shanxi'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.
Top Energy Co shanxi Return-on-Tangible-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Top Energy Co shanxi's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Top Energy Co shanxi'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 8.26% mean?
Top Energy Co shanxi (SHSE:600780) has a Return-on-Tangible-Equity of 8.26% 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 Top Energy Co shanxi and its competitors. This is 49% above median its historical median of 5.56. Over the past decade, Top Energy Co shanxi's Return-on-Tangible-Equity has ranged from 1.80 to 14.12. According to the industry distribution chart, Top Energy Co shanxi ranks #314 out of 497 companies in the Utilities - Regulated industry, placing it in the top 63.2%.
Is Top Energy Co shanxi's Return-on-Tangible-Equity too high?
Top Energy Co shanxi's current Return-on-Tangible-Equity of 8.26% is 49% above median its 10-year median of 5.56. Over the past 10 years, this metric has ranged from a low of 1.80 to a high of 14.12. The Utilities - Regulated industry median Return-on-Tangible-Equity is 10.92. Top Energy Co shanxi's value of 8.26% is 24.4% below this industry median. Based on the distribution chart, Top Energy Co shanxi ranks #314 out of 497 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Top Energy Co shanxi has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Top Energy Co shanxi's Return-on-Tangible-Equity compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Top Energy Co shanxi ranks #314 out of 497 companies for Return-on-Tangible-Equity. This places Top Energy Co shanxi in the lower half of its industry. The industry median Return-on-Tangible-Equity is 10.92. Top Energy Co shanxi's value of 8.26% is 24.4% below this benchmark. Historically, Top Energy Co shanxi's own Return-on-Tangible-Equity has ranged from 1.80 to 14.12 over the past decade. While the company's 10-year median is 5.56 vs. the industry median of 10.92, Top Energy Co shanxi 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 an Utilities - Regulated company?
The median Return-on-Tangible-Equity among Utilities - Regulated companies is 10.92, based on 497 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. Top Energy Co shanxi's current Return-on-Tangible-Equity of 8.26% is 24.4% 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 Top Energy Co shanxi and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Equity is 10.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Top Energy Co shanxi's current Return-on-Tangible-Equity is 8.26%, which is 49% above median its own 10-year median of 5.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Top Energy Co shanxi stock overvalued right now?
Based on GuruFocus' analysis, Top Energy Co shanxi (SHSE:600780) is currently considered Fairly Valued. The stock's GF Value™ is ¥6.31, compared to a current price of ¥5.99 — trading 5.1% below its estimated fair value. The current Return-on-Tangible-Equity is 8.26%, which is 49% above median its 10-year median of 5.56 and 24.4% below the Utilities - Regulated industry median of 10.92. Top Energy Co shanxi's overall GF Score™ is 75/100 with 4 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 Top Energy Co shanxi (SHSE:600780), the current Return-on-Tangible-Equity is 8.26% 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 Top Energy Co shanxi (SHSE:600780) Overvalued in 2026?
Based on GuruFocus' analysis, Top Energy Co shanxi stock appears to be undervalued.
The current stock price of ¥5.99 is trading 5.1% below its estimated GF Value™ of ¥6.31.
GuruFocus considers Top Energy Co shanxi to be Fairly Valued.
Key valuation signals for SHSE:600780:
Return-on-Tangible-Equity: 8.26% (49% above median its 10-year median of 5.56)
GF Value™: ¥6.31 vs. price of ¥5.99 (5.1% below fair value)
Industry Position: 24.4% below the Utilities - Regulated median (#314 of 497)
No single metric tells the full story. See the SHSE:600780 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Top Energy Co Ltd shanxi is a Chinese company engaged in the generation of thermal electric power and heat. Its main distribution market is Shanxi province, China.
75GF Score
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