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Sichuan Changhong Electric CoSHSE:600839 +1.97%54 Return-on-Tangible-Equity is 3.78% as of Mar. 2026, which is 17% below its 10-year median of 4.56. GuruFocus rates SHSE:600839 with a GF Score™ of 54/100 and a GF Value™ of ¥8.95 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 421 Furnishings, Fixtures & Appliances companies, Sichuan Changhong Electric Co ranks better than 59.38% 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. Sichuan Changhong Electric Co's annualized net income for the quarter that ended in Mar. 2026 was ¥394 Mil. Sichuan Changhong Electric Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥10,410 Mil. Therefore, Sichuan Changhong Electric Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 3.78%.
The historical rank and industry rank for Sichuan Changhong Electric Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:600839'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0.57 Med: 4.56 Max: 9.8
Current: 7.2
During the past 13 years, Sichuan Changhong Electric Co's highest Return-on-Tangible-Equity was 9.80%. The lowest was 0.57%. And the median was 4.56%.
SHSE:600839's Return-on-Tangible-Equity is ranked better than 59.38% of 421
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 5.07
vs SHSE:600839: 7.20
Sichuan Changhong Electric Co (SHSE:600839) 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.
Sichuan Changhong Electric Co Return-on-Tangible-Equity Related Terms
Sichuan Changhong Electric 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.
Sichuan Changhong Electric Co Return-on-Tangible-Equity Chart
SHSE:600839 vs SN, SGI, MHK: Return-on-Tangible-Equity Comparison
For the Furnishings, Fixtures & Appliances subindustry, Sichuan Changhong Electric 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.
Sichuan Changhong Electric Co Return-on-Tangible-Equity vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Sichuan Changhong Electric Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Sichuan Changhong Electric 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 3.78% mean?
Sichuan Changhong Electric Co (SHSE:600839) has a Return-on-Tangible-Equity of 3.78% 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 Sichuan Changhong Electric Co and its competitors. This is 17% below median its historical median of 4.56. Over the past decade, Sichuan Changhong Electric Co's Return-on-Tangible-Equity has ranged from 0.57 to 9.80. According to the industry distribution chart, Sichuan Changhong Electric Co ranks #171 out of 421 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 40.6%.
Is Sichuan Changhong Electric Co's Return-on-Tangible-Equity too high?
Sichuan Changhong Electric Co's current Return-on-Tangible-Equity of 3.78% is 17% below median its 10-year median of 4.56. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 9.80. The Furnishings, Fixtures & Appliances industry median Return-on-Tangible-Equity is 5.07. Sichuan Changhong Electric Co's value of 3.78% is 25.4% below this industry median. Based on the distribution chart, Sichuan Changhong Electric Co ranks #171 out of 421 companies in the Furnishings, Fixtures & Appliances industry, which is above the industry midpoint. Overall, Sichuan Changhong Electric Co has a GF Score™ of 54/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sichuan Changhong Electric Co's Return-on-Tangible-Equity compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Sichuan Changhong Electric Co ranks #171 out of 421 companies for Return-on-Tangible-Equity. This puts Sichuan Changhong Electric Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.07. Sichuan Changhong Electric Co's value of 3.78% is 25.4% below this benchmark. Historically, Sichuan Changhong Electric Co's own Return-on-Tangible-Equity has ranged from 0.57 to 9.80 over the past decade. While the company's 10-year median is 4.56 vs. the industry median of 5.07, Sichuan Changhong Electric Co 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 a Furnishings, Fixtures & Appliances company?
The median Return-on-Tangible-Equity among Furnishings, Fixtures & Appliances companies is 5.07, based on 421 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. Sichuan Changhong Electric Co's current Return-on-Tangible-Equity of 3.78% is 25.4% 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 Sichuan Changhong Electric Co and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Return-on-Tangible-Equity is 5.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sichuan Changhong Electric Co's current Return-on-Tangible-Equity is 3.78%, which is 17% below median its own 10-year median of 4.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sichuan Changhong Electric Co stock overvalued right now?
Based on GuruFocus' analysis, Sichuan Changhong Electric Co (SHSE:600839) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥8.95, compared to a current price of ¥6.73 — trading 24.8% below its estimated fair value. The current Return-on-Tangible-Equity is 3.78%, which is 17% below median its 10-year median of 4.56 and 25.4% below the Furnishings, Fixtures & Appliances industry median of 5.07. Sichuan Changhong Electric Co's overall GF Score™ is 54/100 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 Sichuan Changhong Electric Co (SHSE:600839), the current Return-on-Tangible-Equity is 3.78% 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 Sichuan Changhong Electric Co (SHSE:600839) Overvalued in 2026?
Based on GuruFocus' analysis, Sichuan Changhong Electric Co stock appears to be undervalued.
The current stock price of ¥6.73 is trading 24.8% below its estimated GF Value™ of ¥8.95.
GuruFocus considers Sichuan Changhong Electric Co to be Modestly Undervalued.
Key valuation signals for SHSE:600839:
Return-on-Tangible-Equity: 3.78% (17% below median its 10-year median of 4.56)
GF Value™: ¥8.95 vs. price of ¥6.73 (24.8% below fair value)
Industry Position: 25.4% below the Furnishings, Fixtures & Appliances median (#171 of 421)
No single metric tells the full story. See the SHSE:600839 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sichuan Changhong Electric Co Business Description
Sichuan Changhong Electric Co Ltd is a China-based manufacturer and distributor of electronics and home appliances. It specializes in research and development, manufacturing, and marketing of various series of products, including TVs, refrigerators, air conditioners, cell phones, electronic components, compressors, and IT-integrated service businesses represented by mass distribution of digital products and cloud computing value-added services.
54GF Score
Get the complete analysis for SHSE:600839
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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