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SHSE:603173'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 14.06 Med: 26.73 Max: 58.4
Current: 22.08
During the past 8 years, Hangzhou Fortune Gas Cryogenic Group Co's highest Return-on-Tangible-Equity was 58.40%. The lowest was 14.06%. And the median was 26.73%.
SHSE:603173's Return-on-Tangible-Equity is ranked better than 86.65% of 2973
companies
in the Industrial Products industry
Industry Median: 6.78
vs SHSE:603173: 22.08
Hangzhou Fortune Gas Cryogenic Group Co (SHSE:603173) 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.
Hangzhou Fortune Gas Cryogenic Group Co Return-on-Tangible-Equity Related Terms
Hangzhou Fortune Gas Cryogenic Group 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.
Hangzhou Fortune Gas Cryogenic Group Co Return-on-Tangible-Equity Chart
Hangzhou Fortune Gas Cryogenic Group Co Annual Data
SHSE:603173 vs GEV, ETN, PH: Return-on-Tangible-Equity Comparison
For the Specialty Industrial Machinery subindustry, Hangzhou Fortune Gas Cryogenic 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.
Hangzhou Fortune Gas Cryogenic Group Co Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Hangzhou Fortune Gas Cryogenic Group Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Hangzhou Fortune Gas Cryogenic 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 19.16% mean?
Hangzhou Fortune Gas Cryogenic Group Co (SHSE:603173) has a Return-on-Tangible-Equity of 19.16% 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 Hangzhou Fortune Gas Cryogenic Group Co and its competitors. This is 28% below median its historical median of 26.73. Over the past decade, Hangzhou Fortune Gas Cryogenic Group Co's Return-on-Tangible-Equity has ranged from 14.06 to 58.40. According to the industry distribution chart, Hangzhou Fortune Gas Cryogenic Group Co ranks #397 out of 2973 companies in the Industrial Products industry, placing it in the top 13.4%.
Is Hangzhou Fortune Gas Cryogenic Group Co's Return-on-Tangible-Equity too high?
Hangzhou Fortune Gas Cryogenic Group Co's current Return-on-Tangible-Equity of 19.16% is 28% below median its 10-year median of 26.73. Over the past 10 years, this metric has ranged from a low of 14.06 to a high of 58.40. The Industrial Products industry median Return-on-Tangible-Equity is 6.78. Hangzhou Fortune Gas Cryogenic Group Co's value of 19.16% is 182.6% above this industry median. Based on the distribution chart, Hangzhou Fortune Gas Cryogenic Group Co ranks #397 out of 2973 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Hangzhou Fortune Gas Cryogenic Group Co has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hangzhou Fortune Gas Cryogenic Group Co's Return-on-Tangible-Equity compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Hangzhou Fortune Gas Cryogenic Group Co ranks #397 out of 2973 companies for Return-on-Tangible-Equity. This places Hangzhou Fortune Gas Cryogenic Group Co in the top 13% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.78. Hangzhou Fortune Gas Cryogenic Group Co's value of 19.16% is 182.6% above this benchmark. Historically, Hangzhou Fortune Gas Cryogenic Group Co's own Return-on-Tangible-Equity has ranged from 14.06 to 58.40 over the past decade. While the company's 10-year median is 26.73 vs. the industry median of 6.78, Hangzhou Fortune Gas Cryogenic 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 an Industrial Products company?
The median Return-on-Tangible-Equity among Industrial Products companies is 6.78, based on 2,973 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. Hangzhou Fortune Gas Cryogenic Group Co's current Return-on-Tangible-Equity of 19.16% is 182.6% 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 Hangzhou Fortune Gas Cryogenic Group Co and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hangzhou Fortune Gas Cryogenic Group Co's current Return-on-Tangible-Equity is 19.16%, which is 28% below median its own 10-year median of 26.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hangzhou Fortune Gas Cryogenic Group Co stock overvalued right now?
Based on GuruFocus' analysis, Hangzhou Fortune Gas Cryogenic Group Co (SHSE:603173) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥38.13, compared to a current price of ¥31.35 — trading 17.8% below its estimated fair value. The current Return-on-Tangible-Equity is 19.16%, which is 28% below median its 10-year median of 26.73 and 182.6% above the Industrial Products industry median of 6.78. Hangzhou Fortune Gas Cryogenic Group Co's overall GF Score™ is 92/100 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 Hangzhou Fortune Gas Cryogenic Group Co (SHSE:603173), the current Return-on-Tangible-Equity is 19.16% 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 Hangzhou Fortune Gas Cryogenic Group Co (SHSE:603173) Overvalued in 2026?
Based on GuruFocus' analysis, Hangzhou Fortune Gas Cryogenic Group Co stock appears to be undervalued.
The current stock price of ¥31.35 is trading 17.8% below its estimated GF Value™ of ¥38.13.
GuruFocus considers Hangzhou Fortune Gas Cryogenic Group Co to be Modestly Undervalued.
Key valuation signals for SHSE:603173:
Return-on-Tangible-Equity: 19.16% (28% below median its 10-year median of 26.73)
GF Value™: ¥38.13 vs. price of ¥31.35 (17.8% below fair value)
Industry Position: 182.6% above the Industrial Products median (#397 of 2973)
No single metric tells the full story. See the SHSE:603173 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hangzhou Fortune Gas Cryogenic Group Co Business Description
Hangzhou Fortune Gas Cryogenic Group Co Ltd is engaged in the development of various cryogenic technology processes and the design, manufacture, and sales of cryogenic equipment. The company's products mainly include air separation equipment, liquefied natural gas equipment (LNG equipment), coil-wound heat exchangers, chemical cold boxes, and cryogenic equipment such as cryogenic storage tanks.
92GF Score
Get the complete analysis for SHSE:603173
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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