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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. Ningbo Boway Alloy Material Co's annualized net income for the quarter that ended in Mar. 2026 was ¥-365 Mil. Ningbo Boway Alloy Material Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥8,780 Mil. Therefore, Ningbo Boway Alloy Material Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -4.16%.
The historical rank and industry rank for Ningbo Boway Alloy Material Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:601137'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -3.31 Med: 10.1 Max: 18.29
Current: -3.31
During the past 13 years, Ningbo Boway Alloy Material Co's highest Return-on-Tangible-Equity was 18.29%. The lowest was -3.31%. And the median was 10.10%.
SHSE:601137's Return-on-Tangible-Equity is ranked better than 67.95% of 2381
companies
in the Metals & Mining industry
Industry Median: -16.41
vs SHSE:601137: -3.31
Ningbo Boway Alloy Material Co (SHSE:601137) 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.
Ningbo Boway Alloy Material Co Return-on-Tangible-Equity Related Terms
Ningbo Boway Alloy Material 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.
Ningbo Boway Alloy Material Co Return-on-Tangible-Equity Chart
SHSE:601137 vs SCCO, FCX: Return-on-Tangible-Equity Comparison
For the Copper subindustry, Ningbo Boway Alloy Material 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.
Ningbo Boway Alloy Material Co Return-on-Tangible-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Ningbo Boway Alloy Material Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Ningbo Boway Alloy Material 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 -4.16% mean?
Ningbo Boway Alloy Material Co (SHSE:601137) has a Return-on-Tangible-Equity of -4.16% 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 Ningbo Boway Alloy Material Co and its competitors. According to the industry distribution chart, Ningbo Boway Alloy Material Co ranks #763 out of 2381 companies in the Metals & Mining industry, placing it in the top 32%.
Is Ningbo Boway Alloy Material Co's Return-on-Tangible-Equity too high?
Ningbo Boway Alloy Material Co's current Return-on-Tangible-Equity is -4.16%. Based on the distribution chart, Ningbo Boway Alloy Material Co ranks #763 out of 2381 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Ningbo Boway Alloy Material Co has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Boway Alloy Material Co's Return-on-Tangible-Equity compare to SCCO and FCX?
According to the Metals & Mining industry distribution chart, Ningbo Boway Alloy Material Co ranks #763 out of 2381 companies for Return-on-Tangible-Equity. This puts Ningbo Boway Alloy Material Co in the upper half of its industry. 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 Ningbo Boway Alloy Material Co and its competitors. Ningbo Boway Alloy Material Co's current Return-on-Tangible-Equity is -4.16%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Boway Alloy Material Co stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Boway Alloy Material Co (SHSE:601137) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥19.07, compared to a current price of ¥16.46 — trading 13.7% below its estimated fair value. The current Return-on-Tangible-Equity is -4.16%. Ningbo Boway Alloy Material Co's overall GF Score™ is 83/100 with 7 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 Ningbo Boway Alloy Material Co (SHSE:601137), the current Return-on-Tangible-Equity is -4.16% 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 Ningbo Boway Alloy Material Co (SHSE:601137) Overvalued in 2026?
Based on GuruFocus' analysis, Ningbo Boway Alloy Material Co stock appears to be undervalued.
The current stock price of ¥16.46 is trading 13.7% below its estimated GF Value™ of ¥19.07.
GuruFocus considers Ningbo Boway Alloy Material Co to be Modestly Undervalued.
Key valuation signals for SHSE:601137:
Return-on-Tangible-Equity: -4.16%
GF Value™: ¥19.07 vs. price of ¥16.46 (13.7% below fair value)
No single metric tells the full story. See the SHSE:601137 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ningbo Boway Alloy Material Co Business Description
Ningbo Boway Alloy Material Co Ltd is engaged in researching, developing, producing and selling non-ferrous alloy materials in China and internationally. It offers environmental, high conductivity, special, bronze, nickel-silver, and brass alloy materials, as well as copper alloys; and high precision copper alloy strips. The company also offers copper-titanium-zirconium- zinc alloy materials; and energy products, such as monocrystalline black components, polycrystalline, and solar modules.
83GF Score
Get the complete analysis for SHSE:601137
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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