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HuaAn Securities CoSHSE:600909 -0.50%70 Return-on-Tangible-Equity is 6.96% as of Mar. 2026, which is 4% above its 10-year median of 6.71. GuruFocus rates SHSE:600909 with a GF Score™ of 70/100 and a GF Value™ of ¥6.78 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 780 Capital Markets companies, HuaAn Securities Co ranks better than 55.51% 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. HuaAn Securities Co's annualized net income for the quarter that ended in Mar. 2026 was ¥1,733 Mil. HuaAn Securities Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥24,889 Mil. Therefore, HuaAn Securities Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 6.96%.
The historical rank and industry rank for HuaAn Securities Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:600909'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.5 Med: 6.71 Max: 9.2
Current: 8.49
During the past 13 years, HuaAn Securities Co's highest Return-on-Tangible-Equity was 9.20%. The lowest was 4.50%. And the median was 6.71%.
SHSE:600909's Return-on-Tangible-Equity is ranked better than 55.51% of 780
companies
in the Capital Markets industry
Industry Median: 6.63
vs SHSE:600909: 8.49
HuaAn Securities Co (SHSE:600909) 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.
HuaAn Securities Co Return-on-Tangible-Equity Related Terms
HuaAn Securities Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for HuaAn Securities Co'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.
HuaAn Securities Co Return-on-Tangible-Equity Chart
SHSE:600909 vs MS, GS, SCHW: Return-on-Tangible-Equity Comparison
For the Capital Markets subindustry, HuaAn Securities 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.
HuaAn Securities Co Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, HuaAn Securities Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where HuaAn Securities 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 6.96% mean?
HuaAn Securities Co (SHSE:600909) has a Return-on-Tangible-Equity of 6.96% 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 HuaAn Securities Co and its competitors. This is near median its historical median of 6.71. Over the past decade, HuaAn Securities Co's Return-on-Tangible-Equity has ranged from 4.50 to 9.20. According to the industry distribution chart, HuaAn Securities Co ranks #347 out of 780 companies in the Capital Markets industry, placing it in the top 44.5%.
Is HuaAn Securities Co's Return-on-Tangible-Equity too high?
HuaAn Securities Co's current Return-on-Tangible-Equity of 6.96% is near median its 10-year median of 6.71. Over the past 10 years, this metric has ranged from a low of 4.50 to a high of 9.20. The Capital Markets industry median Return-on-Tangible-Equity is 6.63. HuaAn Securities Co's value of 6.96% is 5% above this industry median. Based on the distribution chart, HuaAn Securities Co ranks #347 out of 780 companies in the Capital Markets industry, which is above the industry midpoint. Overall, HuaAn Securities Co has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does HuaAn Securities Co's Return-on-Tangible-Equity compare to MS and GS?
According to the Capital Markets industry distribution chart, HuaAn Securities Co ranks #347 out of 780 companies for Return-on-Tangible-Equity. This puts HuaAn Securities Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.63. HuaAn Securities Co's value of 6.96% is 5% above this benchmark. Historically, HuaAn Securities Co's own Return-on-Tangible-Equity has ranged from 4.50 to 9.20 over the past decade. While the company's 10-year median is 6.71 vs. the industry median of 6.63, HuaAn Securities 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 a Capital Markets company?
The median Return-on-Tangible-Equity among Capital Markets companies is 6.63, based on 780 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. HuaAn Securities Co's current Return-on-Tangible-Equity of 6.96% is 5% 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 HuaAn Securities Co and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HuaAn Securities Co's current Return-on-Tangible-Equity is 6.96%, which is near median its own 10-year median of 6.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HuaAn Securities Co stock overvalued right now?
Based on GuruFocus' analysis, HuaAn Securities Co (SHSE:600909) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥6.78, compared to a current price of ¥8.04 — trading 18.6% above its estimated fair value. The current Return-on-Tangible-Equity is 6.96%, which is near median its 10-year median of 6.71 and 5% above the Capital Markets industry median of 6.63. HuaAn Securities Co's overall GF Score™ is 70/100 with 3 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 HuaAn Securities Co (SHSE:600909), the current Return-on-Tangible-Equity is 6.96% 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 HuaAn Securities Co (SHSE:600909) Overvalued in 2026?
Based on GuruFocus' analysis, HuaAn Securities Co stock appears to be overvalued.
The current stock price of ¥8.04 is trading 18.6% above its estimated GF Value™ of ¥6.78.
GuruFocus considers HuaAn Securities Co to be Modestly Overvalued.
Key valuation signals for SHSE:600909:
Return-on-Tangible-Equity: 6.96% (near median its 10-year median of 6.71)
GF Value™: ¥6.78 vs. price of ¥8.04 (18.6% above fair value)
Industry Position: 5% above the Capital Markets median (#347 of 780)
No single metric tells the full story. See the SHSE:600909 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HuaAn Securities Co Ltd is a China-based securities company. It is primarily involved in various business activities such as securities brokerage, securities investment consulting, financial advisory, trading and securities investment, wealth management, investment banking, asset management and direct investment business. Geographically all the activities are carried out through China.
70GF Score
Get the complete analysis for SHSE:600909
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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