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SHSE:603062's Return-on-Tangible-Equity is ranked better than 61.53% of 1570
companies
in the Chemicals industry
Industry Median: 5.88
vs SHSE:603062: 8.39
MEGA P and C Advanced Materials (Shanghai) Co (SHSE:603062) 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.
MEGA P and C Advanced Materials (Shanghai) Co Return-on-Tangible-Equity Related Terms
MEGA P and C Advanced Materials (Shanghai) 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.
MEGA P and C Advanced Materials (Shanghai) Co Return-on-Tangible-Equity Chart
MEGA P and C Advanced Materials (Shanghai) Co Annual Data
SHSE:603062 vs LIN, SHW, ECL: Return-on-Tangible-Equity Comparison
For the Specialty Chemicals subindustry, MEGA P and C Advanced Materials (Shanghai) 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.
MEGA P and C Advanced Materials (Shanghai) Co Return-on-Tangible-Equity vs Chemicals Industry
* 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 1.97% mean?
MEGA P and C Advanced Materials (Shanghai) Co (SHSE:603062) has a Return-on-Tangible-Equity of 1.97% 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 MEGA P and C Advanced Materials (Shanghai) Co and its competitors. This is 84% below median its historical median of 12.46. Over the past decade, MEGA P and C Advanced Materials (Shanghai) Co's Return-on-Tangible-Equity has ranged from 8.39 to 93.70. According to the industry distribution chart, MEGA P and C Advanced Materials (Shanghai) Co ranks #604 out of 1570 companies in the Chemicals industry, placing it in the top 38.5%.
Is MEGA P and C Advanced Materials (Shanghai) Co's Return-on-Tangible-Equity too high?
MEGA P and C Advanced Materials (Shanghai) Co's current Return-on-Tangible-Equity of 1.97% is 84% below median its 10-year median of 12.46. Over the past 10 years, this metric has ranged from a low of 8.39 to a high of 93.70. The Chemicals industry median Return-on-Tangible-Equity is 5.88. MEGA P and C Advanced Materials (Shanghai) Co's value of 1.97% is 66.5% below this industry median. Based on the distribution chart, MEGA P and C Advanced Materials (Shanghai) Co ranks #604 out of 1570 companies in the Chemicals industry, which is above the industry midpoint. Overall, MEGA P and C Advanced Materials (Shanghai) Co has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MEGA P and C Advanced Materials (Shanghai) Co's Return-on-Tangible-Equity compare to LIN and SHW?
According to the Chemicals industry distribution chart, MEGA P and C Advanced Materials (Shanghai) Co ranks #604 out of 1570 companies for Return-on-Tangible-Equity. This puts MEGA P and C Advanced Materials (Shanghai) Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.88. MEGA P and C Advanced Materials (Shanghai) Co's value of 1.97% is 66.5% below this benchmark. Historically, MEGA P and C Advanced Materials (Shanghai) Co's own Return-on-Tangible-Equity has ranged from 8.39 to 93.70 over the past decade. While the company's 10-year median is 12.46 vs. the industry median of 5.88, MEGA P and C Advanced Materials (Shanghai) Co has consistently been below 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 Chemicals company?
The median Return-on-Tangible-Equity among Chemicals companies is 5.88, based on 1,570 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. MEGA P and C Advanced Materials (Shanghai) Co's current Return-on-Tangible-Equity of 1.97% is 66.5% below 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 MEGA P and C Advanced Materials (Shanghai) Co and its competitors. For the Chemicals industry, the median Return-on-Tangible-Equity is 5.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MEGA P and C Advanced Materials (Shanghai) Co's current Return-on-Tangible-Equity is 1.97%, which is 84% below median its own 10-year median of 12.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MEGA P and C Advanced Materials (Shanghai) Co stock overvalued right now?
Based on GuruFocus' analysis, MEGA P and C Advanced Materials (Shanghai) Co (SHSE:603062) is currently considered Fairly Valued. The stock's GF Value™ is ¥41.33, compared to a current price of ¥37.79 — trading 8.6% below its estimated fair value. The current Return-on-Tangible-Equity is 1.97%, which is 84% below median its 10-year median of 12.46 and 66.5% below the Chemicals industry median of 5.88. MEGA P and C Advanced Materials (Shanghai) Co's overall GF Score™ is 66/100 with 5 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 MEGA P and C Advanced Materials (Shanghai) Co (SHSE:603062), the current Return-on-Tangible-Equity is 1.97% 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 MEGA P and C Advanced Materials (Shanghai) Co (SHSE:603062) Overvalued in 2026?
Based on GuruFocus' analysis, MEGA P and C Advanced Materials (Shanghai) Co stock appears to be undervalued.
The current stock price of ¥37.79 is trading 8.6% below its estimated GF Value™ of ¥41.33.
GuruFocus considers MEGA P and C Advanced Materials (Shanghai) Co to be Fairly Valued.
Key valuation signals for SHSE:603062:
Return-on-Tangible-Equity: 1.97% (84% below median its 10-year median of 12.46)
GF Value™: ¥41.33 vs. price of ¥37.79 (8.6% below fair value)
Industry Position: 66.5% below the Chemicals median (#604 of 1570)
No single metric tells the full story. See the SHSE:603062 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MEGA P and C Advanced Materials (Shanghai) Co Ltd is engaged in research & development, production and sales of high-performance multi-category coating products.
66GF Score
Get the complete analysis for SHSE:603062
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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