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Changbai Mountain Tourism CoSHSE:603099 -0.92%74 Return-on-Tangible-Equity is 2.42% as of Mar. 2026, which is 72% below its 10-year median of 8.70. GuruFocus rates SHSE:603099 with a GF Score™ of 74/100 and a GF Value™ of ¥36.32 (Fairly Valued). The stock has 1 warning sign investors should review. Among 798 Travel & Leisure companies, Changbai Mountain Tourism Co ranks better than 60.03% 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. Changbai Mountain Tourism Co's annualized net income for the quarter that ended in Mar. 2026 was ¥32.4 Mil. Changbai Mountain Tourism Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥1,339.1 Mil. Therefore, Changbai Mountain Tourism Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 2.42%.
The historical rank and industry rank for Changbai Mountain Tourism Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:603099'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -7.58 Med: 8.7 Max: 17.34
Current: 11.62
During the past 13 years, Changbai Mountain Tourism Co's highest Return-on-Tangible-Equity was 17.34%. The lowest was -7.58%. And the median was 8.70%.
SHSE:603099's Return-on-Tangible-Equity is ranked better than 60.03% of 798
companies
in the Travel & Leisure industry
Industry Median: 7.7
vs SHSE:603099: 11.62
Changbai Mountain Tourism Co (SHSE:603099) 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.
Changbai Mountain Tourism Co Return-on-Tangible-Equity Related Terms
Changbai Mountain Tourism 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.
Changbai Mountain Tourism Co Return-on-Tangible-Equity Chart
SHSE:603099 vs BKNG, ABNB, RCL: Return-on-Tangible-Equity Comparison
For the Travel Services subindustry, Changbai Mountain Tourism 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.
Changbai Mountain Tourism Co Return-on-Tangible-Equity vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Changbai Mountain Tourism Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Changbai Mountain Tourism 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 2.42% mean?
Changbai Mountain Tourism Co (SHSE:603099) has a Return-on-Tangible-Equity of 2.42% 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 Changbai Mountain Tourism Co and its competitors. This is 72% below median its historical median of 8.70. According to the industry distribution chart, Changbai Mountain Tourism Co ranks #319 out of 798 companies in the Travel & Leisure industry, placing it in the top 40%.
Is Changbai Mountain Tourism Co's Return-on-Tangible-Equity too high?
Changbai Mountain Tourism Co's current Return-on-Tangible-Equity of 2.42% is 72% below median its 10-year median of 8.70. The Travel & Leisure industry median Return-on-Tangible-Equity is 7.70. Changbai Mountain Tourism Co's value of 2.42% is 68.6% below this industry median. Based on the distribution chart, Changbai Mountain Tourism Co ranks #319 out of 798 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Changbai Mountain Tourism Co has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Changbai Mountain Tourism Co's Return-on-Tangible-Equity compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, Changbai Mountain Tourism Co ranks #319 out of 798 companies for Return-on-Tangible-Equity. This puts Changbai Mountain Tourism Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.70. Changbai Mountain Tourism Co's value of 2.42% is 68.6% below this benchmark. While the company's 10-year median is 8.70 vs. the industry median of 7.70, Changbai Mountain Tourism 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 Travel & Leisure company?
The median Return-on-Tangible-Equity among Travel & Leisure companies is 7.70, based on 798 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. Changbai Mountain Tourism Co's current Return-on-Tangible-Equity of 2.42% is 68.6% 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 Changbai Mountain Tourism Co and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Equity is 7.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Changbai Mountain Tourism Co's current Return-on-Tangible-Equity is 2.42%, which is 72% below median its own 10-year median of 8.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Changbai Mountain Tourism Co stock overvalued right now?
Based on GuruFocus' analysis, Changbai Mountain Tourism Co (SHSE:603099) is currently considered Fairly Valued. The stock's GF Value™ is ¥36.32, compared to a current price of ¥38.60 — trading 6.3% above its estimated fair value. The current Return-on-Tangible-Equity is 2.42%, which is 72% below median its 10-year median of 8.70 and 68.6% below the Travel & Leisure industry median of 7.70. Changbai Mountain Tourism Co's overall GF Score™ is 74/100 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 Changbai Mountain Tourism Co (SHSE:603099), the current Return-on-Tangible-Equity is 2.42% 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 Changbai Mountain Tourism Co (SHSE:603099) Overvalued in 2026?
Based on GuruFocus' analysis, Changbai Mountain Tourism Co stock appears to be overvalued.
The current stock price of ¥38.60 is trading 6.3% above its estimated GF Value™ of ¥36.32.
GuruFocus considers Changbai Mountain Tourism Co to be Fairly Valued.
Key valuation signals for SHSE:603099:
Return-on-Tangible-Equity: 2.42% (72% below median its 10-year median of 8.70)
GF Value™: ¥36.32 vs. price of ¥38.60 (6.3% above fair value)
Industry Position: 68.6% below the Travel & Leisure median (#319 of 798)
No single metric tells the full story. See the SHSE:603099 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Changbai Mountain Tourism Co Ltd is a travel agency company. It is mainly engaged in tourism passenger transport, hotel management, travel agencies and hot spring water development and utilization business.
74GF Score
Get the complete analysis for SHSE:603099
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