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The historical rank and industry rank for Zhejiang Rongtai Electric Material Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:603119'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 12.31 Med: 15.59 Max: 38.63
Current: 16.36
During the past 7 years, Zhejiang Rongtai Electric Material Co's highest Return-on-Tangible-Equity was 38.63%. The lowest was 12.31%. And the median was 15.59%.
SHSE:603119's Return-on-Tangible-Equity is ranked better than 80.56% of 2382
companies
in the Hardware industry
Industry Median: 5.38
vs SHSE:603119: 16.36
Zhejiang Rongtai Electric Material Co (SHSE:603119) 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.
Zhejiang Rongtai Electric Material Co Return-on-Tangible-Equity Related Terms
Zhejiang Rongtai Electric Material 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.
Zhejiang Rongtai Electric Material Co Return-on-Tangible-Equity Chart
SHSE:603119 vs APH, GLW, TEL: Return-on-Tangible-Equity Comparison
For the Electronic Components subindustry, Zhejiang Rongtai Electric Material 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.
Zhejiang Rongtai Electric Material Co Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Zhejiang Rongtai Electric Material Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Zhejiang Rongtai Electric Material 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 15.59% mean?
Zhejiang Rongtai Electric Material Co (SHSE:603119) has a Return-on-Tangible-Equity of 15.59% 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 Zhejiang Rongtai Electric Material Co and its competitors. This is near median its historical median of 15.59. Over the past decade, Zhejiang Rongtai Electric Material Co's Return-on-Tangible-Equity has ranged from 12.31 to 38.63. According to the industry distribution chart, Zhejiang Rongtai Electric Material Co ranks #463 out of 2382 companies in the Hardware industry, placing it in the top 19.4%.
Is Zhejiang Rongtai Electric Material Co's Return-on-Tangible-Equity too high?
Zhejiang Rongtai Electric Material Co's current Return-on-Tangible-Equity of 15.59% is near median its 10-year median of 15.59. Over the past 10 years, this metric has ranged from a low of 12.31 to a high of 38.63. The Hardware industry median Return-on-Tangible-Equity is 5.38. Zhejiang Rongtai Electric Material Co's value of 15.59% is 189.8% above this industry median. Based on the distribution chart, Zhejiang Rongtai Electric Material Co ranks #463 out of 2382 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Zhejiang Rongtai Electric Material Co has a GF Score™ of 88/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Rongtai Electric Material Co's Return-on-Tangible-Equity compare to APH and GLW?
According to the Hardware industry distribution chart, Zhejiang Rongtai Electric Material Co ranks #463 out of 2382 companies for Return-on-Tangible-Equity. This places Zhejiang Rongtai Electric Material Co in the top 19% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.38. Zhejiang Rongtai Electric Material Co's value of 15.59% is 189.8% above this benchmark. Historically, Zhejiang Rongtai Electric Material Co's own Return-on-Tangible-Equity has ranged from 12.31 to 38.63 over the past decade. While the company's 10-year median is 15.59 vs. the industry median of 5.38, Zhejiang Rongtai Electric Material 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 Hardware company?
The median Return-on-Tangible-Equity among Hardware companies is 5.38, based on 2,382 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. Zhejiang Rongtai Electric Material Co's current Return-on-Tangible-Equity of 15.59% is 189.8% 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 Zhejiang Rongtai Electric Material Co and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Rongtai Electric Material Co's current Return-on-Tangible-Equity is 15.59%, which is near median its own 10-year median of 15.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Rongtai Electric Material Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Rongtai Electric Material Co (SHSE:603119) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥30.26, compared to a current price of ¥54.49 — trading 80.1% above its estimated fair value. The current Return-on-Tangible-Equity is 15.59%, which is near median its 10-year median of 15.59 and 189.8% above the Hardware industry median of 5.38. Zhejiang Rongtai Electric Material Co's overall GF Score™ is 88/100 with 2 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 Zhejiang Rongtai Electric Material Co (SHSE:603119), the current Return-on-Tangible-Equity is 15.59% 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 Zhejiang Rongtai Electric Material Co (SHSE:603119) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Rongtai Electric Material Co stock appears to be overvalued.
The current stock price of ¥54.49 is trading 80.1% above its estimated GF Value™ of ¥30.26.
GuruFocus considers Zhejiang Rongtai Electric Material Co to be Significantly Overvalued.
Key valuation signals for SHSE:603119:
Return-on-Tangible-Equity: 15.59% (near median its 10-year median of 15.59)
GF Value™: ¥30.26 vs. price of ¥54.49 (80.1% above fair value)
Industry Position: 189.8% above the Hardware median (#463 of 2382)
No single metric tells the full story. See the SHSE:603119 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Rongtai Electric Material Co Ltd is a high-tech enterprise specializing in the research, development, production, and sales of new composite materials of high temperature resistant insulating mica with multiple plants in Zhejiang and Hunan, and is one of the global market leaders in mica products. Its main products include mica rigid materials, flexible materials, heat generating components, thermal management mica safety components and various mica derivative products. its mica products are widely used in new energy vehicles, rail transportation, aerospace and military ships, special wires and cables, intelligent household appliances and other related industrial fields, and provide customers with professional one-stop system solutions for electrical and thermal insulation.
88GF Score
Get the complete analysis for SHSE:603119
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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