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.
Zhuzhou Smelter Group CoSHSE:600961 -2.39%67 Return-on-Tangible-Equity is 59.42% as of Jun. 2026, which is 120% above its 10-year median of 26.96. GuruFocus rates SHSE:600961 with a GF Score™ of 67/100 and a GF Value™ of ¥14.46 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,391 Metals & Mining companies, Zhuzhou Smelter Group Co ranks better than 95.69% 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. Zhuzhou Smelter Group Co's annualized net income for the quarter that ended in Jun. 2026 was ¥3,218 Mil. Zhuzhou Smelter Group Co's average shareholder tangible equity for the quarter that ended in Jun. 2026 was ¥5,415 Mil. Therefore, Zhuzhou Smelter Group Co's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was 59.42%.
The historical rank and industry rank for Zhuzhou Smelter Group Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:600961'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 21.2 Med: 26.96 Max: 445.59
Current: 52.91
During the past 13 years, Zhuzhou Smelter Group Co's highest Return-on-Tangible-Equity was 445.59%. The lowest was 21.20%. And the median was 26.96%.
SHSE:600961's Return-on-Tangible-Equity is ranked better than 95.69% of 2391
companies
in the Metals & Mining industry
Industry Median: -16.33
vs SHSE:600961: 52.91
Zhuzhou Smelter Group Co (SHSE:600961) 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.
Zhuzhou Smelter Group Co Return-on-Tangible-Equity Related Terms
Zhuzhou Smelter Group Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Zhuzhou Smelter Group 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.
Zhuzhou Smelter Group Co Return-on-Tangible-Equity Chart
Zhuzhou Smelter Group Co Return-on-Tangible-Equity Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Zhuzhou Smelter 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.
Zhuzhou Smelter Group Co Return-on-Tangible-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Zhuzhou Smelter Group Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Zhuzhou Smelter 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 (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 59.42% mean?
Zhuzhou Smelter Group Co (SHSE:600961) has a Return-on-Tangible-Equity of 59.42% 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 Zhuzhou Smelter Group Co and its competitors. This is 120% above median its historical median of 26.96. Over the past decade, Zhuzhou Smelter Group Co's Return-on-Tangible-Equity has ranged from 21.20 to 445.59. According to the industry distribution chart, Zhuzhou Smelter Group Co ranks #103 out of 2391 companies in the Metals & Mining industry, placing it in the top 4.3%.
Is Zhuzhou Smelter Group Co's Return-on-Tangible-Equity too high?
Zhuzhou Smelter Group Co's current Return-on-Tangible-Equity of 59.42% is 120% above median its 10-year median of 26.96. Over the past 10 years, this metric has ranged from a low of 21.20 to a high of 445.59. Based on the distribution chart, Zhuzhou Smelter Group Co ranks #103 out of 2391 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Zhuzhou Smelter Group Co has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zhuzhou Smelter Group Co's Return-on-Tangible-Equity compare to competitors?
According to the Metals & Mining industry distribution chart, Zhuzhou Smelter Group Co ranks #103 out of 2391 companies for Return-on-Tangible-Equity. This places Zhuzhou Smelter Group Co in the top 4% of its industry — outperforming the majority of peers. Historically, Zhuzhou Smelter Group Co's own Return-on-Tangible-Equity has ranged from 21.20 to 445.59 over the past decade. 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 Metals & Mining company?
A good Return-on-Tangible-Equity depends on the Metals & Mining industry context. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 Zhuzhou Smelter Group Co and its competitors. Zhuzhou Smelter Group Co's current Return-on-Tangible-Equity is 59.42%, which is 120% above median its own 10-year median of 26.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhuzhou Smelter Group Co stock overvalued right now?
Based on GuruFocus' analysis, Zhuzhou Smelter Group Co (SHSE:600961) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥14.46, compared to a current price of ¥27.35 — trading 89.1% above its estimated fair value. The current Return-on-Tangible-Equity is 59.42%, which is 120% above median its 10-year median of 26.96. Zhuzhou Smelter Group Co's overall GF Score™ is 67/100 with 2 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 Zhuzhou Smelter Group Co (SHSE:600961), the current Return-on-Tangible-Equity is 59.42% 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 Zhuzhou Smelter Group Co (SHSE:600961) Overvalued in 2026?
Based on GuruFocus' analysis, Zhuzhou Smelter Group Co stock appears to be overvalued.
The current stock price of ¥27.35 is trading 89.1% above its estimated GF Value™ of ¥14.46.
GuruFocus considers Zhuzhou Smelter Group Co to be Significantly Overvalued.
Key valuation signals for SHSE:600961:
Return-on-Tangible-Equity: 59.42% (120% above median its 10-year median of 26.96)
GF Value™: ¥14.46 vs. price of ¥27.35 (89.1% above fair value)
No single metric tells the full story. See the SHSE:600961 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhuzhou Smelter Group Co Ltd produces and sells lead, zinc, and alloy products in China. Further, the group comprehensively recovers various rare metals such as copper, gold, silver, antimony, cadmium, indium and antimony and sulfuric acid. Geographically it operates through the region of China.
67GF Score
Get the complete analysis for SHSE:600961
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:600961 has been successfully added to your 
