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Harbin Hatou Investment CoSHSE:600864 +0.35%58 Return-on-Tangible-Equity is 10.20% as of Jun. 2026, which is 445% above its 10-year median of 1.87. GuruFocus rates SHSE:600864 with a GF Score™ of 58/100 and a GF Value™ of ¥6.81 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 494 Utilities - Regulated companies, Harbin Hatou Investment Co ranks worse than 83.6% 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. Harbin Hatou Investment Co's annualized net income for the quarter that ended in Jun. 2026 was ¥1,298 Mil. Harbin Hatou Investment Co's average shareholder tangible equity for the quarter that ended in Jun. 2026 was ¥12,725 Mil. Therefore, Harbin Hatou Investment Co's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was 10.20%.
The historical rank and industry rank for Harbin Hatou Investment Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:600864'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -8.22 Med: 1.87 Max: 3.52
Current: 2.91
During the past 13 years, Harbin Hatou Investment Co's highest Return-on-Tangible-Equity was 3.52%. The lowest was -8.22%. And the median was 1.87%.
SHSE:600864's Return-on-Tangible-Equity is ranked worse than 83.6% of 494
companies
in the Utilities - Regulated industry
Industry Median: 11.145
vs SHSE:600864: 2.91
Harbin Hatou Investment Co (SHSE:600864) 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.
Harbin Hatou Investment Co Return-on-Tangible-Equity Related Terms
Harbin Hatou Investment 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.
Harbin Hatou Investment Co Return-on-Tangible-Equity Chart
SHSE:600864 vs NEE, SO, DUK: Return-on-Tangible-Equity Comparison
For the Utilities - Regulated Electric subindustry, Harbin Hatou Investment 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.
Harbin Hatou Investment Co Return-on-Tangible-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Harbin Hatou Investment Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Harbin Hatou Investment 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 10.20% mean?
Harbin Hatou Investment Co (SHSE:600864) has a Return-on-Tangible-Equity of 10.20% 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 Harbin Hatou Investment Co and its competitors. This is 445% above median its historical median of 1.87. According to the industry distribution chart, Harbin Hatou Investment Co ranks #413 out of 494 companies in the Utilities - Regulated industry, placing it in the top 83.6%.
Is Harbin Hatou Investment Co's Return-on-Tangible-Equity too high?
Harbin Hatou Investment Co's current Return-on-Tangible-Equity of 10.20% is 445% above median its 10-year median of 1.87. The Utilities - Regulated industry median Return-on-Tangible-Equity is 11.15. Harbin Hatou Investment Co's value of 10.20% is 8.5% below this industry median. Based on the distribution chart, Harbin Hatou Investment Co ranks #413 out of 494 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Harbin Hatou Investment Co has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Harbin Hatou Investment Co's Return-on-Tangible-Equity compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Harbin Hatou Investment Co ranks #413 out of 494 companies for Return-on-Tangible-Equity. This places Harbin Hatou Investment Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 11.15. Harbin Hatou Investment Co's value of 10.20% is 8.5% below this benchmark. While the company's 10-year median is 1.87 vs. the industry median of 11.15, Harbin Hatou Investment 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 an Utilities - Regulated company?
The median Return-on-Tangible-Equity among Utilities - Regulated companies is 11.15, based on 494 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. Harbin Hatou Investment Co's current Return-on-Tangible-Equity of 10.20% is 8.5% 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 Harbin Hatou Investment Co and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Equity is 11.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harbin Hatou Investment Co's current Return-on-Tangible-Equity is 10.20%, which is 445% above median its own 10-year median of 1.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harbin Hatou Investment Co stock overvalued right now?
Based on GuruFocus' analysis, Harbin Hatou Investment Co (SHSE:600864) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥6.81, compared to a current price of ¥5.73 — trading 15.9% below its estimated fair value. The current Return-on-Tangible-Equity is 10.20%, which is 445% above median its 10-year median of 1.87 and 8.5% below the Utilities - Regulated industry median of 11.15. Harbin Hatou Investment Co's overall GF Score™ is 58/100 with 6 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 Harbin Hatou Investment Co (SHSE:600864), the current Return-on-Tangible-Equity is 10.20% 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 Harbin Hatou Investment Co (SHSE:600864) Overvalued in 2026?
Based on GuruFocus' analysis, Harbin Hatou Investment Co stock appears to be undervalued.
The current stock price of ¥5.73 is trading 15.9% below its estimated GF Value™ of ¥6.81.
GuruFocus considers Harbin Hatou Investment Co to be Modestly Undervalued.
Key valuation signals for SHSE:600864:
Return-on-Tangible-Equity: 10.20% (445% above median its 10-year median of 1.87)
GF Value™: ¥6.81 vs. price of ¥5.73 (15.9% below fair value)
Industry Position: 8.5% below the Utilities - Regulated median (#413 of 494)
No single metric tells the full story. See the SHSE:600864 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harbin Hatou Investment Co Ltd is engaged in the generation and supply of heat and electric power using coal. The Company is also engaged in forest harvesting, timber distribution and real estate development.
58GF Score
Get the complete analysis for SHSE:600864
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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