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Henan Mingtai Al Industrial CoSHSE:601677 -4.91%90 Return-on-Tangible-Equity is 14.85% as of Mar. 2026, which is 35% above its 10-year median of 11.03. GuruFocus rates SHSE:601677 with a GF Score™ of 90/100 and a GF Value™ of ¥15.81 (Fairly Valued). The stock has 4 warning signs investors should review. Among 2,381 Metals & Mining companies, Henan Mingtai Al Industrial Co ranks better than 82.7% 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. Henan Mingtai Al Industrial Co's annualized net income for the quarter that ended in Mar. 2026 was ¥2,808 Mil. Henan Mingtai Al Industrial Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥18,905 Mil. Therefore, Henan Mingtai Al Industrial Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 14.85%.
The historical rank and industry rank for Henan Mingtai Al Industrial Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:601677'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.41 Med: 11.03 Max: 20.01
Current: 12.24
During the past 13 years, Henan Mingtai Al Industrial Co's highest Return-on-Tangible-Equity was 20.01%. The lowest was 7.41%. And the median was 11.03%.
SHSE:601677's Return-on-Tangible-Equity is ranked better than 82.7% of 2381
companies
in the Metals & Mining industry
Industry Median: -16.41
vs SHSE:601677: 12.24
Henan Mingtai Al Industrial Co (SHSE:601677) 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.
Henan Mingtai Al Industrial Co Return-on-Tangible-Equity Related Terms
Henan Mingtai Al Industrial 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.
Henan Mingtai Al Industrial Co Return-on-Tangible-Equity Chart
SHSE:601677 vs AA: Return-on-Tangible-Equity Comparison
For the Aluminum subindustry, Henan Mingtai Al Industrial 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.
Henan Mingtai Al Industrial Co Return-on-Tangible-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Henan Mingtai Al Industrial Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Henan Mingtai Al Industrial 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 14.85% mean?
Henan Mingtai Al Industrial Co (SHSE:601677) has a Return-on-Tangible-Equity of 14.85% 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 Henan Mingtai Al Industrial Co and its competitors. This is 35% above median its historical median of 11.03. Over the past decade, Henan Mingtai Al Industrial Co's Return-on-Tangible-Equity has ranged from 7.41 to 20.01. According to the industry distribution chart, Henan Mingtai Al Industrial Co ranks #412 out of 2381 companies in the Metals & Mining industry, placing it in the top 17.3%.
Is Henan Mingtai Al Industrial Co's Return-on-Tangible-Equity too high?
Henan Mingtai Al Industrial Co's current Return-on-Tangible-Equity of 14.85% is 35% above median its 10-year median of 11.03. Over the past 10 years, this metric has ranged from a low of 7.41 to a high of 20.01. Based on the distribution chart, Henan Mingtai Al Industrial Co ranks #412 out of 2381 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Henan Mingtai Al Industrial Co has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Henan Mingtai Al Industrial Co's Return-on-Tangible-Equity compare to AA?
According to the Metals & Mining industry distribution chart, Henan Mingtai Al Industrial Co ranks #412 out of 2381 companies for Return-on-Tangible-Equity. This places Henan Mingtai Al Industrial Co in the top 17% of its industry — outperforming the majority of peers. Historically, Henan Mingtai Al Industrial Co's own Return-on-Tangible-Equity has ranged from 7.41 to 20.01 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 Henan Mingtai Al Industrial Co and its competitors. Henan Mingtai Al Industrial Co's current Return-on-Tangible-Equity is 14.85%, which is 35% above median its own 10-year median of 11.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Henan Mingtai Al Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Henan Mingtai Al Industrial Co (SHSE:601677) is currently considered Fairly Valued. The stock's GF Value™ is ¥15.81, compared to a current price of ¥15.69 — trading 0.8% below its estimated fair value. The current Return-on-Tangible-Equity is 14.85%, which is 35% above median its 10-year median of 11.03. Henan Mingtai Al Industrial Co's overall GF Score™ is 90/100 with 4 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 Henan Mingtai Al Industrial Co (SHSE:601677), the current Return-on-Tangible-Equity is 14.85% 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 Henan Mingtai Al Industrial Co (SHSE:601677) Overvalued in 2026?
Based on GuruFocus' analysis, Henan Mingtai Al Industrial Co stock appears to be undervalued.
The current stock price of ¥15.69 is trading 0.8% below its estimated GF Value™ of ¥15.81.
GuruFocus considers Henan Mingtai Al Industrial Co to be Fairly Valued.
Key valuation signals for SHSE:601677:
Return-on-Tangible-Equity: 14.85% (35% above median its 10-year median of 11.03)
GF Value™: ¥15.81 vs. price of ¥15.69 (0.8% below fair value)
No single metric tells the full story. See the SHSE:601677 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Henan Mingtai Al Industrial Co Business Description
Henan Mingtai Al Industrial Co Ltd is a China based aluminum processing enterprise. It is involved in the producing and selling aluminum products. The products offered by the company include CTP plate stock, PS plate stock, aluminum electrode capacitor foil, foil stock, deep-draw stock, brazing sheet, alloy sheet and plate, and others. The products are used in different industries such as automobile making, traffic and transportation, packaging and containers, buildings and decorations, electrical and electronic, printing, among others. The company has the business presence in China and other international countries.
90GF Score
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