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Zhongce Rubber Group CoSHSE:603049 -0.90%42 Return-on-Tangible-Equity is 20.48% as of Mar. 2026, which is 8% above its 10-year median of 18.94. GuruFocus rates SHSE:603049 with a GF Score™ of 42/100. The stock has 8 warning signs investors should review. Among 1,282 Vehicles & Parts companies, Zhongce Rubber Group Co ranks better than 82.45% 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. Zhongce Rubber Group Co's annualized net income for the quarter that ended in Mar. 2026 was ¥4,878 Mil. Zhongce Rubber Group Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥23,824 Mil. Therefore, Zhongce Rubber Group Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 20.48%.
The historical rank and industry rank for Zhongce Rubber Group Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:603049'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 11.01 Med: 18.94 Max: 29.5
Current: 19.31
During the past 13 years, Zhongce Rubber Group Co's highest Return-on-Tangible-Equity was 29.50%. The lowest was 11.01%. And the median was 18.94%.
SHSE:603049's Return-on-Tangible-Equity is ranked better than 82.45% of 1282
companies
in the Vehicles & Parts industry
Industry Median: 7.59
vs SHSE:603049: 19.31
Zhongce Rubber Group Co (SHSE:603049) 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.
Zhongce Rubber Group Co Return-on-Tangible-Equity Related Terms
Zhongce Rubber Group Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Zhongce Rubber 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.
Zhongce Rubber Group Co Return-on-Tangible-Equity Chart
SHSE:603049 vs ORLY, AZO: Return-on-Tangible-Equity Comparison
For the Auto Parts subindustry, Zhongce Rubber 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.
Zhongce Rubber Group Co Return-on-Tangible-Equity vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Zhongce Rubber Group Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Zhongce Rubber 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 (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 20.48% mean?
Zhongce Rubber Group Co (SHSE:603049) has a Return-on-Tangible-Equity of 20.48% 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 Zhongce Rubber Group Co and its competitors. This is near median its historical median of 18.94. Over the past decade, Zhongce Rubber Group Co's Return-on-Tangible-Equity has ranged from 11.01 to 29.50. According to the industry distribution chart, Zhongce Rubber Group Co ranks #225 out of 1282 companies in the Vehicles & Parts industry, placing it in the top 17.6%.
Is Zhongce Rubber Group Co's Return-on-Tangible-Equity too high?
Zhongce Rubber Group Co's current Return-on-Tangible-Equity of 20.48% is near median its 10-year median of 18.94. Over the past 10 years, this metric has ranged from a low of 11.01 to a high of 29.50. The Vehicles & Parts industry median Return-on-Tangible-Equity is 7.59. Zhongce Rubber Group Co's value of 20.48% is 169.8% above this industry median. Based on the distribution chart, Zhongce Rubber Group Co ranks #225 out of 1282 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Zhongce Rubber Group Co has a GF Score™ of 42/100, reflecting its overall financial health beyond just this single metric.
How does Zhongce Rubber Group Co's Return-on-Tangible-Equity compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Zhongce Rubber Group Co ranks #225 out of 1282 companies for Return-on-Tangible-Equity. This places Zhongce Rubber Group Co in the top 18% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.59. Zhongce Rubber Group Co's value of 20.48% is 169.8% above this benchmark. Historically, Zhongce Rubber Group Co's own Return-on-Tangible-Equity has ranged from 11.01 to 29.50 over the past decade. While the company's 10-year median is 18.94 vs. the industry median of 7.59, Zhongce Rubber Group 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. Zhongce Rubber Group Co's current Return-on-Tangible-Equity of 20.48% is 169.8% 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 Zhongce Rubber Group 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. Zhongce Rubber Group Co's current Return-on-Tangible-Equity is 20.48%, which is near median its own 10-year median of 18.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhongce Rubber Group Co stock overvalued right now?
Zhongce Rubber Group Co (SHSE:603049) has a current Return-on-Tangible-Equity of 20.48%. The current Return-on-Tangible-Equity is 20.48%, which is near median its 10-year median of 18.94 and 169.8% above the Vehicles & Parts industry median of 7.59. Zhongce Rubber Group Co's overall GF Score™ is 42/100 with 8 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 Zhongce Rubber Group Co (SHSE:603049), the current Return-on-Tangible-Equity is 20.48% 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.
Zhongce Rubber Group Co Ltd is engaged in Research and development, production and sales of tire products such as all-steel tires, semi-steel tires, bias tires and car tires.
42GF Score
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