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.
Founder Securities CoSHSE:601901 +1.29%63 Return-on-Tangible-Equity is 12.68% as of Mar. 2026, which is 145% above its 10-year median of 5.18. GuruFocus rates SHSE:601901 with a GF Score™ of 63/100 and a GF Value™ of ¥10.76 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 782 Capital Markets companies, Founder Securities Co ranks better than 58.82% 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. Founder Securities Co's annualized net income for the quarter that ended in Mar. 2026 was ¥5,944 Mil. Founder Securities Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥46,872 Mil. Therefore, Founder Securities Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 12.68%.
The historical rank and industry rank for Founder Securities Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:601901'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.02 Med: 5.18 Max: 9.32
Current: 9.32
During the past 13 years, Founder Securities Co's highest Return-on-Tangible-Equity was 9.32%. The lowest was 2.02%. And the median was 5.18%.
SHSE:601901's Return-on-Tangible-Equity is ranked better than 58.82% of 782
companies
in the Capital Markets industry
Industry Median: 6.52
vs SHSE:601901: 9.32
Founder Securities Co (SHSE:601901) 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.
Founder Securities Co Return-on-Tangible-Equity Related Terms
Founder Securities Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Founder 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.
Founder Securities Co Return-on-Tangible-Equity Chart
SHSE:601901 vs MS, GS, SCHW: Return-on-Tangible-Equity Comparison
For the Capital Markets subindustry, Founder 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.
Founder Securities Co Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Founder Securities Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Founder 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 12.68% mean?
Founder Securities Co (SHSE:601901) has a Return-on-Tangible-Equity of 12.68% 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 Founder Securities Co and its competitors. This is 145% above median its historical median of 5.18. Over the past decade, Founder Securities Co's Return-on-Tangible-Equity has ranged from 2.02 to 9.32. According to the industry distribution chart, Founder Securities Co ranks #322 out of 782 companies in the Capital Markets industry, placing it in the top 41.2%.
Is Founder Securities Co's Return-on-Tangible-Equity too high?
Founder Securities Co's current Return-on-Tangible-Equity of 12.68% is 145% above median its 10-year median of 5.18. Over the past 10 years, this metric has ranged from a low of 2.02 to a high of 9.32. The Capital Markets industry median Return-on-Tangible-Equity is 6.52. Founder Securities Co's value of 12.68% is 94.5% above this industry median. Based on the distribution chart, Founder Securities Co ranks #322 out of 782 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Founder Securities Co has a GF Score™ of 63/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Founder Securities Co's Return-on-Tangible-Equity compare to MS and GS?
According to the Capital Markets industry distribution chart, Founder Securities Co ranks #322 out of 782 companies for Return-on-Tangible-Equity. This puts Founder Securities Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.52. Founder Securities Co's value of 12.68% is 94.5% above this benchmark. Historically, Founder Securities Co's own Return-on-Tangible-Equity has ranged from 2.02 to 9.32 over the past decade. While the company's 10-year median is 5.18 vs. the industry median of 6.52, Founder 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 6.52, based on 782 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. Founder Securities Co's current Return-on-Tangible-Equity of 12.68% is 94.5% 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 Founder Securities Co and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Founder Securities Co's current Return-on-Tangible-Equity is 12.68%, which is 145% above median its own 10-year median of 5.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Founder Securities Co stock overvalued right now?
Based on GuruFocus' analysis, Founder Securities Co (SHSE:601901) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥10.76, compared to a current price of ¥7.07 — trading 34.3% below its estimated fair value. The current Return-on-Tangible-Equity is 12.68%, which is 145% above median its 10-year median of 5.18 and 94.5% above the Capital Markets industry median of 6.52. Founder Securities Co's overall GF Score™ is 63/100 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 Founder Securities Co (SHSE:601901), the current Return-on-Tangible-Equity is 12.68% 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 Founder Securities Co (SHSE:601901) Overvalued in 2026?
Based on GuruFocus' analysis, Founder Securities Co stock appears to be undervalued.
The current stock price of ¥7.07 is trading 34.3% below its estimated GF Value™ of ¥10.76.
GuruFocus considers Founder Securities Co to be Significantly Undervalued.
Key valuation signals for SHSE:601901:
Return-on-Tangible-Equity: 12.68% (145% above median its 10-year median of 5.18)
GF Value™: ¥10.76 vs. price of ¥7.07 (34.3% below fair value)
Industry Position: 94.5% above the Capital Markets median (#322 of 782)
No single metric tells the full story. See the SHSE:601901 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founder Securities Co Ltd provides financial services. Its business includes securities brokerage, investment banking, consulting, QFII business, securities underwriting and sponsorship, and fund and asset management. It generates the majority of its revenue from the Wealth Management business segment.
63GF Score
Get the complete analysis for SHSE:601901
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:601901 has been successfully added to your 
