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Quectel Wireless Solutions CoSHSE:603236 -2.43%90 Return-on-Tangible-Equity is 8.59% as of Mar. 2026, which is 49% below its 10-year median of 16.76. GuruFocus rates SHSE:603236 with a GF Score™ of 90/100 and a GF Value™ of ¥67.66 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,384 Hardware companies, Quectel Wireless Solutions Co ranks better than 78.52% 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. Quectel Wireless Solutions Co's annualized net income for the quarter that ended in Mar. 2026 was ¥565 Mil. Quectel Wireless Solutions Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥6,581 Mil. Therefore, Quectel Wireless Solutions Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 8.59%.
The historical rank and industry rank for Quectel Wireless Solutions Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:603236'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.76 Med: 16.76 Max: 33.12
Current: 15.18
During the past 13 years, Quectel Wireless Solutions Co's highest Return-on-Tangible-Equity was 33.12%. The lowest was 2.76%. And the median was 16.76%.
SHSE:603236's Return-on-Tangible-Equity is ranked better than 78.52% of 2384
companies
in the Hardware industry
Industry Median: 5.32
vs SHSE:603236: 15.18
Quectel Wireless Solutions Co (SHSE:603236) 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.
Quectel Wireless Solutions Co Return-on-Tangible-Equity Related Terms
Quectel Wireless Solutions 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.
Quectel Wireless Solutions Co Return-on-Tangible-Equity Chart
SHSE:603236 vs CSCO, MSI, HPE: Return-on-Tangible-Equity Comparison
For the Communication Equipment subindustry, Quectel Wireless Solutions 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.
Quectel Wireless Solutions Co Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Quectel Wireless Solutions Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Quectel Wireless Solutions 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 8.59% mean?
Quectel Wireless Solutions Co (SHSE:603236) has a Return-on-Tangible-Equity of 8.59% 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 Quectel Wireless Solutions Co and its competitors. This is 49% below median its historical median of 16.76. Over the past decade, Quectel Wireless Solutions Co's Return-on-Tangible-Equity has ranged from 2.76 to 33.12. According to the industry distribution chart, Quectel Wireless Solutions Co ranks #512 out of 2384 companies in the Hardware industry, placing it in the top 21.5%.
Is Quectel Wireless Solutions Co's Return-on-Tangible-Equity too high?
Quectel Wireless Solutions Co's current Return-on-Tangible-Equity of 8.59% is 49% below median its 10-year median of 16.76. Over the past 10 years, this metric has ranged from a low of 2.76 to a high of 33.12. The Hardware industry median Return-on-Tangible-Equity is 5.32. Quectel Wireless Solutions Co's value of 8.59% is 61.5% above this industry median. Based on the distribution chart, Quectel Wireless Solutions Co ranks #512 out of 2384 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Quectel Wireless Solutions Co has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Quectel Wireless Solutions Co's Return-on-Tangible-Equity compare to CSCO and MSI?
According to the Hardware industry distribution chart, Quectel Wireless Solutions Co ranks #512 out of 2384 companies for Return-on-Tangible-Equity. This places Quectel Wireless Solutions Co in the top 22% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.32. Quectel Wireless Solutions Co's value of 8.59% is 61.5% above this benchmark. Historically, Quectel Wireless Solutions Co's own Return-on-Tangible-Equity has ranged from 2.76 to 33.12 over the past decade. While the company's 10-year median is 16.76 vs. the industry median of 5.32, Quectel Wireless Solutions 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 5.32, based on 2,384 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. Quectel Wireless Solutions Co's current Return-on-Tangible-Equity of 8.59% is 61.5% 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 Quectel Wireless Solutions Co and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Quectel Wireless Solutions Co's current Return-on-Tangible-Equity is 8.59%, which is 49% below median its own 10-year median of 16.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Quectel Wireless Solutions Co stock overvalued right now?
Based on GuruFocus' analysis, Quectel Wireless Solutions Co (SHSE:603236) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥67.66, compared to a current price of ¥48.96 — trading 27.6% below its estimated fair value. The current Return-on-Tangible-Equity is 8.59%, which is 49% below median its 10-year median of 16.76 and 61.5% above the Hardware industry median of 5.32. Quectel Wireless Solutions Co's overall GF Score™ is 90/100 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 Quectel Wireless Solutions Co (SHSE:603236), the current Return-on-Tangible-Equity is 8.59% 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 Quectel Wireless Solutions Co (SHSE:603236) Overvalued in 2026?
Based on GuruFocus' analysis, Quectel Wireless Solutions Co stock appears to be undervalued.
The current stock price of ¥48.96 is trading 27.6% below its estimated GF Value™ of ¥67.66.
GuruFocus considers Quectel Wireless Solutions Co to be Modestly Undervalued.
Key valuation signals for SHSE:603236:
Return-on-Tangible-Equity: 8.59% (49% below median its 10-year median of 16.76)
GF Value™: ¥67.66 vs. price of ¥48.96 (27.6% below fair value)
Industry Position: 61.5% above the Hardware median (#512 of 2384)
No single metric tells the full story. See the SHSE:603236 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Quectel Wireless Solutions Co Business Description
Quectel Wireless Solutions Co Ltd is engaged in the design, development of cellular communication modules. It primarily supplies 5G, LTE, LTE-A, LPWA, Smart Module, C-V2X, GSM/GPRS and GNSS modules.
90GF Score
Get the complete analysis for SHSE:603236
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