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Anhui Yingjia Distillery CoSHSE:603198 -1.47%100 Return-on-Tangible-Equity is 30.91% as of Mar. 2026, which is 51% above its 10-year median of 20.47. GuruFocus rates SHSE:603198 with a GF Score™ of 100/100 and a GF Value™ of ¥47.59 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 200 Beverages - Alcoholic companies, Anhui Yingjia Distillery Co ranks better than 73.5% 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. Anhui Yingjia Distillery Co's annualized net income for the quarter that ended in Mar. 2026 was ¥3,338 Mil. Anhui Yingjia Distillery Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥10,802 Mil. Therefore, Anhui Yingjia Distillery Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 30.91%.
The historical rank and industry rank for Anhui Yingjia Distillery Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:603198'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 17.05 Med: 20.47 Max: 30.42
Current: 19.36
During the past 13 years, Anhui Yingjia Distillery Co's highest Return-on-Tangible-Equity was 30.42%. The lowest was 17.05%. And the median was 20.47%.
SHSE:603198's Return-on-Tangible-Equity is ranked better than 73.5% of 200
companies
in the Beverages - Alcoholic industry
Industry Median: 8.335
vs SHSE:603198: 19.36
Anhui Yingjia Distillery Co (SHSE:603198) 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.
Anhui Yingjia Distillery Co Return-on-Tangible-Equity Related Terms
Anhui Yingjia Distillery 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.
Anhui Yingjia Distillery Co Return-on-Tangible-Equity Chart
SHSE:603198 vs BF.B: Return-on-Tangible-Equity Comparison
For the Beverages - Wineries & Distilleries subindustry, Anhui Yingjia Distillery 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.
Anhui Yingjia Distillery Co Return-on-Tangible-Equity vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Anhui Yingjia Distillery Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Anhui Yingjia Distillery 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 30.91% mean?
Anhui Yingjia Distillery Co (SHSE:603198) has a Return-on-Tangible-Equity of 30.91% 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 Anhui Yingjia Distillery Co and its competitors. This is 51% above median its historical median of 20.47. Over the past decade, Anhui Yingjia Distillery Co's Return-on-Tangible-Equity has ranged from 17.05 to 30.42. According to the industry distribution chart, Anhui Yingjia Distillery Co ranks #53 out of 200 companies in the Beverages - Alcoholic industry, placing it in the top 26.5%.
Is Anhui Yingjia Distillery Co's Return-on-Tangible-Equity too high?
Anhui Yingjia Distillery Co's current Return-on-Tangible-Equity of 30.91% is 51% above median its 10-year median of 20.47. Over the past 10 years, this metric has ranged from a low of 17.05 to a high of 30.42. The Beverages - Alcoholic industry median Return-on-Tangible-Equity is 8.34. Anhui Yingjia Distillery Co's value of 30.91% is 270.8% above this industry median. Based on the distribution chart, Anhui Yingjia Distillery Co ranks #53 out of 200 companies in the Beverages - Alcoholic industry, which is above the industry midpoint. Overall, Anhui Yingjia Distillery Co has a GF Score™ of 100/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Anhui Yingjia Distillery Co's Return-on-Tangible-Equity compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Anhui Yingjia Distillery Co ranks #53 out of 200 companies for Return-on-Tangible-Equity. This puts Anhui Yingjia Distillery Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.34. Anhui Yingjia Distillery Co's value of 30.91% is 270.8% above this benchmark. Historically, Anhui Yingjia Distillery Co's own Return-on-Tangible-Equity has ranged from 17.05 to 30.42 over the past decade. While the company's 10-year median is 20.47 vs. the industry median of 8.34, Anhui Yingjia Distillery 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 Beverages - Alcoholic company?
The median Return-on-Tangible-Equity among Beverages - Alcoholic companies is 8.34, based on 200 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. Anhui Yingjia Distillery Co's current Return-on-Tangible-Equity of 30.91% is 270.8% 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 Anhui Yingjia Distillery Co and its competitors. For the Beverages - Alcoholic industry, the median Return-on-Tangible-Equity is 8.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Anhui Yingjia Distillery Co's current Return-on-Tangible-Equity is 30.91%, which is 51% above median its own 10-year median of 20.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anhui Yingjia Distillery Co stock overvalued right now?
Based on GuruFocus' analysis, Anhui Yingjia Distillery Co (SHSE:603198) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥47.59, compared to a current price of ¥38.30 — trading 19.5% below its estimated fair value. The current Return-on-Tangible-Equity is 30.91%, which is 51% above median its 10-year median of 20.47 and 270.8% above the Beverages - Alcoholic industry median of 8.34. Anhui Yingjia Distillery Co's overall GF Score™ is 100/100 with 3 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 Anhui Yingjia Distillery Co (SHSE:603198), the current Return-on-Tangible-Equity is 30.91% 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 Anhui Yingjia Distillery Co (SHSE:603198) Overvalued in 2026?
Based on GuruFocus' analysis, Anhui Yingjia Distillery Co stock appears to be undervalued.
The current stock price of ¥38.30 is trading 19.5% below its estimated GF Value™ of ¥47.59.
GuruFocus considers Anhui Yingjia Distillery Co to be Modestly Undervalued.
Key valuation signals for SHSE:603198:
Return-on-Tangible-Equity: 30.91% (51% above median its 10-year median of 20.47)
GF Value™: ¥47.59 vs. price of ¥38.30 (19.5% below fair value)
Industry Position: 270.8% above the Beverages - Alcoholic median (#53 of 200)
No single metric tells the full story. See the SHSE:603198 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Anhui Yingjia, or Yingjia, is the second-largest baijiu distiller in Anhui province by sales revenue in 2024. The company produces rich-flavored baijiu, and it is one of the well-known brands in the mainstream market in Anhui and its surrounding provinces. Its flagship product, the Dongcang Yearly series, contributed about 50%-60% of the company's sales in 2025. Yingjia is 72% held by Anhui Yingjia Group, following a management buyout in 1997, so ownership comprises mainly Yingjia's management and core employees.
100GF Score
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