Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Zhejiang Wazam New Materials CoSHSE:603186 +6.07%62 Return-on-Tangible-Equity is 6.69% as of Mar. 2026, which is 57% below its 10-year median of 15.65. GuruFocus rates SHSE:603186 with a GF Score™ of 62/100 and a GF Value™ of ¥41.55 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,383 Hardware companies, Zhejiang Wazam New Materials Co ranks better than 84.56% on this metric.
The historical rank and industry rank for Zhejiang Wazam New Materials Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:603186'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -8.87 Med: 15.65 Max: 23.3
Current: 19.24
During the past 13 years, Zhejiang Wazam New Materials Co's highest Return-on-Tangible-Equity was 23.30%. The lowest was -8.87%. And the median was 15.65%.
SHSE:603186's Return-on-Tangible-Equity is ranked better than 84.56% of 2383
companies
in the Hardware industry
Industry Median: 5.39
vs SHSE:603186: 19.24
Zhejiang Wazam New Materials Co (SHSE:603186) 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 Wazam New Materials Co Return-on-Tangible-Equity Related Terms
Zhejiang Wazam New Materials 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 Wazam New Materials Co Return-on-Tangible-Equity Chart
SHSE:603186 vs APH, GLW, TEL: Return-on-Tangible-Equity Comparison
For the Electronic Components subindustry, Zhejiang Wazam New Materials 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 Wazam New Materials Co Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Zhejiang Wazam New Materials Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Zhejiang Wazam New Materials 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 6.69% mean?
Zhejiang Wazam New Materials Co (SHSE:603186) has a Return-on-Tangible-Equity of 6.69% 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 Wazam New Materials Co and its competitors. This is 57% below median its historical median of 15.65. According to the industry distribution chart, Zhejiang Wazam New Materials Co ranks #368 out of 2383 companies in the Hardware industry, placing it in the top 15.4%.
Is Zhejiang Wazam New Materials Co's Return-on-Tangible-Equity too high?
Zhejiang Wazam New Materials Co's current Return-on-Tangible-Equity of 6.69% is 57% below median its 10-year median of 15.65. The Hardware industry median Return-on-Tangible-Equity is 5.39. Zhejiang Wazam New Materials Co's value of 6.69% is 24.1% above this industry median. Based on the distribution chart, Zhejiang Wazam New Materials Co ranks #368 out of 2383 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Zhejiang Wazam New Materials Co has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Wazam New Materials Co's Return-on-Tangible-Equity compare to APH and GLW?
According to the Hardware industry distribution chart, Zhejiang Wazam New Materials Co ranks #368 out of 2383 companies for Return-on-Tangible-Equity. This places Zhejiang Wazam New Materials Co in the top 15% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.39. Zhejiang Wazam New Materials Co's value of 6.69% is 24.1% above this benchmark. While the company's 10-year median is 15.65 vs. the industry median of 5.39, Zhejiang Wazam New Materials 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 5.39, based on 2,383 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 Wazam New Materials Co's current Return-on-Tangible-Equity of 6.69% is 24.1% 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 Wazam New Materials Co and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Wazam New Materials Co's current Return-on-Tangible-Equity is 6.69%, which is 57% below median its own 10-year median of 15.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Wazam New Materials Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Wazam New Materials Co (SHSE:603186) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥41.55, compared to a current price of ¥107.99 — trading 159.9% above its estimated fair value. The current Return-on-Tangible-Equity is 6.69%, which is 57% below median its 10-year median of 15.65 and 24.1% above the Hardware industry median of 5.39. Zhejiang Wazam New Materials Co's overall GF Score™ is 62/100 with 4 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 Wazam New Materials Co (SHSE:603186), the current Return-on-Tangible-Equity is 6.69% 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 Wazam New Materials Co (SHSE:603186) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Wazam New Materials Co stock appears to be overvalued.
The current stock price of ¥107.99 is trading 159.9% above its estimated GF Value™ of ¥41.55.
GuruFocus considers Zhejiang Wazam New Materials Co to be Significantly Overvalued.
Key valuation signals for SHSE:603186:
Return-on-Tangible-Equity: 6.69% (57% below median its 10-year median of 15.65)
GF Value™: ¥41.55 vs. price of ¥107.99 (159.9% above fair value)
Industry Position: 24.1% above the Hardware median (#368 of 2383)
No single metric tells the full story. See the SHSE:603186 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Wazam New Materials Co Ltd formerly Zhejiang Huazheng New Material Co Ltd is a China based company manufactures components for computer, medical equipment, communication equipment, automotive electronic, rail transit, new energy and other different uses. The company distributes its products in both Chinese and other international markets.
62GF Score
Get the complete analysis for SHSE:603186
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SHSE:603186 has been successfully added to your 
