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.
China Three Gorges Renewables (Group) CoSHSE:600905 +0.25%74 Return-on-Tangible-Equity is 5.19% as of Mar. 2026, which is 46% below its 10-year median of 9.65. GuruFocus rates SHSE:600905 with a GF Score™ of 74/100 and a GF Value™ of ¥4.44 (Modestly Undervalued). The stock has 10 warning signs investors should review. Among 429 Utilities - Independent Power Producers companies, China Three Gorges Renewables (Group) Co ranks worse than 58.04% on this metric.
SHSE:600905'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0.39 Med: 9.65 Max: 13.19
Current: 2.87
During the past 13 years, China Three Gorges Renewables (Group) Co's highest Return-on-Tangible-Equity was 13.19%. The lowest was 0.39%. And the median was 9.65%.
SHSE:600905's Return-on-Tangible-Equity is ranked worse than 58.04% of 429
companies
in the Utilities - Independent Power Producers industry
Industry Median: 4.68
vs SHSE:600905: 2.87
China Three Gorges Renewables (Group) Co (SHSE:600905) 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.
China Three Gorges Renewables (Group) Co Return-on-Tangible-Equity Related Terms
China Three Gorges Renewables (Group) 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.
China Three Gorges Renewables (Group) Co Return-on-Tangible-Equity Chart
China Three Gorges Renewables (Group) Co Annual Data
China Three Gorges Renewables (Group) Co Return-on-Tangible-Equity Competitor Comparison
For the Utilities - Renewable subindustry, China Three Gorges Renewables (Group) 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.
China Three Gorges Renewables (Group) Co Return-on-Tangible-Equity vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, China Three Gorges Renewables (Group) Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where China Three Gorges Renewables (Group) 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 5.19% mean?
China Three Gorges Renewables (Group) Co (SHSE:600905) has a Return-on-Tangible-Equity of 5.19% 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 China Three Gorges Renewables (Group) Co and its competitors. This is 46% below median its historical median of 9.65. Over the past decade, China Three Gorges Renewables (Group) Co's Return-on-Tangible-Equity has ranged from 0.39 to 13.19. According to the industry distribution chart, China Three Gorges Renewables (Group) Co ranks #249 out of 429 companies in the Utilities - Independent Power Producers industry, placing it in the top 58%.
Is China Three Gorges Renewables (Group) Co's Return-on-Tangible-Equity too high?
China Three Gorges Renewables (Group) Co's current Return-on-Tangible-Equity of 5.19% is 46% below median its 10-year median of 9.65. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 13.19. The Utilities - Independent Power Producers industry median Return-on-Tangible-Equity is 4.68. China Three Gorges Renewables (Group) Co's value of 5.19% is 10.9% above this industry median. Based on the distribution chart, China Three Gorges Renewables (Group) Co ranks #249 out of 429 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, China Three Gorges Renewables (Group) Co has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Three Gorges Renewables (Group) Co's Return-on-Tangible-Equity compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, China Three Gorges Renewables (Group) Co ranks #249 out of 429 companies for Return-on-Tangible-Equity. This places China Three Gorges Renewables (Group) Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 4.68. China Three Gorges Renewables (Group) Co's value of 5.19% is 10.9% above this benchmark. Historically, China Three Gorges Renewables (Group) Co's own Return-on-Tangible-Equity has ranged from 0.39 to 13.19 over the past decade. While the company's 10-year median is 9.65 vs. the industry median of 4.68, China Three Gorges Renewables (Group) 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 Utilities - Independent Power Producers company?
The median Return-on-Tangible-Equity among Utilities - Independent Power Producers companies is 4.68, based on 429 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. China Three Gorges Renewables (Group) Co's current Return-on-Tangible-Equity of 5.19% is 10.9% 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 China Three Gorges Renewables (Group) Co and its competitors. For the Utilities - Independent Power Producers industry, the median Return-on-Tangible-Equity is 4.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Three Gorges Renewables (Group) Co's current Return-on-Tangible-Equity is 5.19%, which is 46% below median its own 10-year median of 9.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Three Gorges Renewables (Group) Co stock overvalued right now?
Based on GuruFocus' analysis, China Three Gorges Renewables (Group) Co (SHSE:600905) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥4.44, compared to a current price of ¥3.94 — trading 11.3% below its estimated fair value. The current Return-on-Tangible-Equity is 5.19%, which is 46% below median its 10-year median of 9.65 and 10.9% above the Utilities - Independent Power Producers industry median of 4.68. China Three Gorges Renewables (Group) Co's overall GF Score™ is 74/100 with 10 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 China Three Gorges Renewables (Group) Co (SHSE:600905), the current Return-on-Tangible-Equity is 5.19% 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 China Three Gorges Renewables (Group) Co (SHSE:600905) Overvalued in 2026?
Based on GuruFocus' analysis, China Three Gorges Renewables (Group) Co stock appears to be undervalued.
The current stock price of ¥3.94 is trading 11.3% below its estimated GF Value™ of ¥4.44.
GuruFocus considers China Three Gorges Renewables (Group) Co to be Modestly Undervalued.
Key valuation signals for SHSE:600905:
Return-on-Tangible-Equity: 5.19% (46% below median its 10-year median of 9.65)
GF Value™: ¥4.44 vs. price of ¥3.94 (11.3% below fair value)
Industry Position: 10.9% above the Utilities - Independent Power Producers median (#249 of 429)
No single metric tells the full story. See the SHSE:600905 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Three Gorges Renewables (Group) Co Business Description
China Three Gorges Renewables is one of China's largest renewable energy producers. The firm operates wind farms, photovoltaic power plants, hydroelectric power plants, and energy storage projects. CTGR has a total generation capacity of about 52.4 gigawatts as of the end of 2025. The firm is also one of the largest offshore wind farm operators in China, with 7.5 GW of installed capacity at the end of 2025. Parent company China Three Gorges, a state-owned enterprise, owns approximately 52.3% of CTGR's issued shares as of the end of 2025.
74GF Score
Get the complete analysis for SHSE:600905
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:600905 has been successfully added to your 
