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YAPP Automotive Systems CoSHSE:603013 +0.52%83 Return-on-Tangible-Equity is 15.72% as of Mar. 2026, which is 10% above its 10-year median of 14.25. GuruFocus rates SHSE:603013 with a GF Score™ of 83/100 and a GF Value™ of ¥18.86 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,282 Vehicles & Parts companies, YAPP Automotive Systems Co ranks better than 69.81% 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. YAPP Automotive Systems Co's annualized net income for the quarter that ended in Mar. 2026 was ¥648 Mil. YAPP Automotive Systems Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥4,118 Mil. Therefore, YAPP Automotive Systems Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 15.72%.
The historical rank and industry rank for YAPP Automotive Systems Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:603013'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 12.49 Med: 14.25 Max: 21.73
Current: 13.72
During the past 13 years, YAPP Automotive Systems Co's highest Return-on-Tangible-Equity was 21.73%. The lowest was 12.49%. And the median was 14.25%.
SHSE:603013's Return-on-Tangible-Equity is ranked better than 69.81% of 1282
companies
in the Vehicles & Parts industry
Industry Median: 7.59
vs SHSE:603013: 13.72
YAPP Automotive Systems Co (SHSE:603013) 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.
YAPP Automotive Systems Co Return-on-Tangible-Equity Related Terms
YAPP Automotive Systems 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.
YAPP Automotive Systems Co Return-on-Tangible-Equity Chart
SHSE:603013 vs ORLY, AZO: Return-on-Tangible-Equity Comparison
For the Auto Parts subindustry, YAPP Automotive Systems 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.
YAPP Automotive Systems Co Return-on-Tangible-Equity vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, YAPP Automotive Systems Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where YAPP Automotive Systems 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 15.72% mean?
YAPP Automotive Systems Co (SHSE:603013) has a Return-on-Tangible-Equity of 15.72% 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 YAPP Automotive Systems Co and its competitors. This is 10% above median its historical median of 14.25. Over the past decade, YAPP Automotive Systems Co's Return-on-Tangible-Equity has ranged from 12.49 to 21.73. According to the industry distribution chart, YAPP Automotive Systems Co ranks #387 out of 1282 companies in the Vehicles & Parts industry, placing it in the top 30.2%.
Is YAPP Automotive Systems Co's Return-on-Tangible-Equity too high?
YAPP Automotive Systems Co's current Return-on-Tangible-Equity of 15.72% is 10% above median its 10-year median of 14.25. Over the past 10 years, this metric has ranged from a low of 12.49 to a high of 21.73. The Vehicles & Parts industry median Return-on-Tangible-Equity is 7.59. YAPP Automotive Systems Co's value of 15.72% is 107.1% above this industry median. Based on the distribution chart, YAPP Automotive Systems Co ranks #387 out of 1282 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, YAPP Automotive Systems Co has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does YAPP Automotive Systems Co's Return-on-Tangible-Equity compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, YAPP Automotive Systems Co ranks #387 out of 1282 companies for Return-on-Tangible-Equity. This puts YAPP Automotive Systems Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.59. YAPP Automotive Systems Co's value of 15.72% is 107.1% above this benchmark. Historically, YAPP Automotive Systems Co's own Return-on-Tangible-Equity has ranged from 12.49 to 21.73 over the past decade. While the company's 10-year median is 14.25 vs. the industry median of 7.59, YAPP Automotive Systems 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 Vehicles & Parts company?
The median Return-on-Tangible-Equity among Vehicles & Parts companies is 7.59, based on 1,282 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. YAPP Automotive Systems Co's current Return-on-Tangible-Equity of 15.72% is 107.1% 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 YAPP Automotive Systems Co and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Equity is 7.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. YAPP Automotive Systems Co's current Return-on-Tangible-Equity is 15.72%, which is 10% above median its own 10-year median of 14.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is YAPP Automotive Systems Co stock overvalued right now?
Based on GuruFocus' analysis, YAPP Automotive Systems Co (SHSE:603013) is currently considered Fairly Valued. The stock's GF Value™ is ¥18.86, compared to a current price of ¥17.24 — trading 8.6% below its estimated fair value. The current Return-on-Tangible-Equity is 15.72%, which is 10% above median its 10-year median of 14.25 and 107.1% above the Vehicles & Parts industry median of 7.59. YAPP Automotive Systems Co's overall GF Score™ is 83/100 with 1 warning sign 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 YAPP Automotive Systems Co (SHSE:603013), the current Return-on-Tangible-Equity is 15.72% 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 YAPP Automotive Systems Co (SHSE:603013) Overvalued in 2026?
Based on GuruFocus' analysis, YAPP Automotive Systems Co stock appears to be undervalued.
The current stock price of ¥17.24 is trading 8.6% below its estimated GF Value™ of ¥18.86.
GuruFocus considers YAPP Automotive Systems Co to be Fairly Valued.
Key valuation signals for SHSE:603013:
Return-on-Tangible-Equity: 15.72% (10% above median its 10-year median of 14.25)
GF Value™: ¥18.86 vs. price of ¥17.24 (8.6% below fair value)
Industry Position: 107.1% above the Vehicles & Parts median (#387 of 1282)
No single metric tells the full story. See the SHSE:603013 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
YAPP Automotive Systems Co Ltd is engaged in Research & Development, manufacturing and marketing of automotive fuel systems, and the main products are plastic fuel tanks and filler pipe.
83GF Score
Get the complete analysis for SHSE:603013
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