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The historical rank and industry rank for Zhejiang Qianjiang Biochemical Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:600796'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -7.7 Med: 25.55 Max: 115.1
Current: 101.62
During the past 13 years, Zhejiang Qianjiang Biochemical Co's highest Return-on-Tangible-Equity was 115.10%. The lowest was -7.70%. And the median was 25.55%.
SHSE:600796's Return-on-Tangible-Equity is ranked better than 97.99% of 249
companies
in the Agriculture industry
Industry Median: 7.29
vs SHSE:600796: 101.62
Zhejiang Qianjiang Biochemical Co (SHSE:600796) 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.
Zhejiang Qianjiang Biochemical Co Return-on-Tangible-Equity Related Terms
Zhejiang Qianjiang Biochemical 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.
Zhejiang Qianjiang Biochemical Co Return-on-Tangible-Equity Chart
SHSE:600796 vs CTVA, CF, MOS: Return-on-Tangible-Equity Comparison
For the Agricultural Inputs subindustry, Zhejiang Qianjiang Biochemical 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.
Zhejiang Qianjiang Biochemical Co Return-on-Tangible-Equity vs Agriculture Industry
For the Agriculture industry and Basic Materials sector, Zhejiang Qianjiang Biochemical Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Zhejiang Qianjiang Biochemical 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 164.87% mean?
Zhejiang Qianjiang Biochemical Co (SHSE:600796) has a Return-on-Tangible-Equity of 164.87% 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 Zhejiang Qianjiang Biochemical Co and its competitors. This is 545% above median its historical median of 25.55. According to the industry distribution chart, Zhejiang Qianjiang Biochemical Co ranks #5 out of 249 companies in the Agriculture industry, placing it in the top 2%.
Is Zhejiang Qianjiang Biochemical Co's Return-on-Tangible-Equity too high?
Zhejiang Qianjiang Biochemical Co's current Return-on-Tangible-Equity of 164.87% is 545% above median its 10-year median of 25.55. The Agriculture industry median Return-on-Tangible-Equity is 7.29. Zhejiang Qianjiang Biochemical Co's value of 164.87% is 2161.6% above this industry median. Based on the distribution chart, Zhejiang Qianjiang Biochemical Co ranks #5 out of 249 companies in the Agriculture industry, which is in the top quartile — a strong position relative to peers. Overall, Zhejiang Qianjiang Biochemical Co has a GF Score™ of 47/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Qianjiang Biochemical Co's Return-on-Tangible-Equity compare to CTVA and CF?
According to the Agriculture industry distribution chart, Zhejiang Qianjiang Biochemical Co ranks #5 out of 249 companies for Return-on-Tangible-Equity. This places Zhejiang Qianjiang Biochemical Co in the top 2% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.29. Zhejiang Qianjiang Biochemical Co's value of 164.87% is 2161.6% above this benchmark. While the company's 10-year median is 25.55 vs. the industry median of 7.29, Zhejiang Qianjiang Biochemical 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 an Agriculture company?
The median Return-on-Tangible-Equity among Agriculture companies is 7.29, based on 249 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. Zhejiang Qianjiang Biochemical Co's current Return-on-Tangible-Equity of 164.87% is 2161.6% 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 Zhejiang Qianjiang Biochemical Co and its competitors. For the Agriculture industry, the median Return-on-Tangible-Equity is 7.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Qianjiang Biochemical Co's current Return-on-Tangible-Equity is 164.87%, which is 545% above median its own 10-year median of 25.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Qianjiang Biochemical Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Qianjiang Biochemical Co (SHSE:600796) is currently considered Fairly Valued. The stock's GF Value™ is ¥4.37, compared to a current price of ¥4.75 — trading 8.7% above its estimated fair value. The current Return-on-Tangible-Equity is 164.87%, which is 545% above median its 10-year median of 25.55 and 2161.6% above the Agriculture industry median of 7.29. Zhejiang Qianjiang Biochemical Co's overall GF Score™ is 47/100 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 Zhejiang Qianjiang Biochemical Co (SHSE:600796), the current Return-on-Tangible-Equity is 164.87% 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 Zhejiang Qianjiang Biochemical Co (SHSE:600796) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Qianjiang Biochemical Co stock appears to be overvalued.
The current stock price of ¥4.75 is trading 8.7% above its estimated GF Value™ of ¥4.37.
GuruFocus considers Zhejiang Qianjiang Biochemical Co to be Fairly Valued.
Key valuation signals for SHSE:600796:
Return-on-Tangible-Equity: 164.87% (545% above median its 10-year median of 25.55)
GF Value™: ¥4.37 vs. price of ¥4.75 (8.7% above fair value)
Industry Position: 2161.6% above the Agriculture median (#5 of 249)
No single metric tells the full story. See the SHSE:600796 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Qianjiang Biochemical Co Business Description
Zhejiang Qianjiang Biochemical Co Ltd is primarily engaged in the production of bio-pesticides, bio-veterinary drugs, and biopharmaceuticals. The company's product profile includes gibberellic acid, abamectin, methylamino abamectin, validamycin, and other products.
47GF Score
Get the complete analysis for SHSE:600796
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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