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Zhejiang Meilun Elevator CoSHSE:603321 +1.27%60 Return-on-Tangible-Equity is 1.92% as of Mar. 2026, which is 62% below its 10-year median of 5.07. GuruFocus rates SHSE:603321 with a GF Score™ of 60/100 and a GF Value™ of ¥5.19 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 2,975 Industrial Products companies, Zhejiang Meilun Elevator Co ranks worse than 66.72% 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. Zhejiang Meilun Elevator Co's annualized net income for the quarter that ended in Mar. 2026 was ¥26.3 Mil. Zhejiang Meilun Elevator Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥1,373.4 Mil. Therefore, Zhejiang Meilun Elevator Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 1.92%.
The historical rank and industry rank for Zhejiang Meilun Elevator Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:603321'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.56 Med: 5.07 Max: 21.97
Current: 2.71
During the past 13 years, Zhejiang Meilun Elevator Co's highest Return-on-Tangible-Equity was 21.97%. The lowest was 2.56%. And the median was 5.07%.
SHSE:603321's Return-on-Tangible-Equity is ranked worse than 66.72% of 2975
companies
in the Industrial Products industry
Industry Median: 6.86
vs SHSE:603321: 2.71
Zhejiang Meilun Elevator Co (SHSE:603321) 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 Meilun Elevator Co Return-on-Tangible-Equity Related Terms
Zhejiang Meilun Elevator 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 Meilun Elevator Co Return-on-Tangible-Equity Chart
SHSE:603321 vs GEV, ETN, PH: Return-on-Tangible-Equity Comparison
For the Specialty Industrial Machinery subindustry, Zhejiang Meilun Elevator 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 Meilun Elevator Co Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Zhejiang Meilun Elevator Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Zhejiang Meilun Elevator 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 1.92% mean?
Zhejiang Meilun Elevator Co (SHSE:603321) has a Return-on-Tangible-Equity of 1.92% 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 Meilun Elevator Co and its competitors. This is 62% below median its historical median of 5.07. Over the past decade, Zhejiang Meilun Elevator Co's Return-on-Tangible-Equity has ranged from 2.56 to 21.97. According to the industry distribution chart, Zhejiang Meilun Elevator Co ranks #1985 out of 2975 companies in the Industrial Products industry, placing it in the top 66.7%.
Is Zhejiang Meilun Elevator Co's Return-on-Tangible-Equity too high?
Zhejiang Meilun Elevator Co's current Return-on-Tangible-Equity of 1.92% is 62% below median its 10-year median of 5.07. Over the past 10 years, this metric has ranged from a low of 2.56 to a high of 21.97. The Industrial Products industry median Return-on-Tangible-Equity is 6.86. Zhejiang Meilun Elevator Co's value of 1.92% is 72% below this industry median. Based on the distribution chart, Zhejiang Meilun Elevator Co ranks #1985 out of 2975 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Zhejiang Meilun Elevator Co has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Meilun Elevator Co's Return-on-Tangible-Equity compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Zhejiang Meilun Elevator Co ranks #1985 out of 2975 companies for Return-on-Tangible-Equity. This places Zhejiang Meilun Elevator Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.86. Zhejiang Meilun Elevator Co's value of 1.92% is 72% below this benchmark. Historically, Zhejiang Meilun Elevator Co's own Return-on-Tangible-Equity has ranged from 2.56 to 21.97 over the past decade. While the company's 10-year median is 5.07 vs. the industry median of 6.86, Zhejiang Meilun Elevator Co has consistently been below 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 6.86, based on 2,975 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 Meilun Elevator Co's current Return-on-Tangible-Equity of 1.92% is 72% below 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 Meilun Elevator Co and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Meilun Elevator Co's current Return-on-Tangible-Equity is 1.92%, which is 62% below median its own 10-year median of 5.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Meilun Elevator Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Meilun Elevator Co (SHSE:603321) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥5.19, compared to a current price of ¥6.37 — trading 22.7% above its estimated fair value. The current Return-on-Tangible-Equity is 1.92%, which is 62% below median its 10-year median of 5.07 and 72% below the Industrial Products industry median of 6.86. Zhejiang Meilun Elevator Co's overall GF Score™ is 60/100 with 6 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 Meilun Elevator Co (SHSE:603321), the current Return-on-Tangible-Equity is 1.92% 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 Meilun Elevator Co (SHSE:603321) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Meilun Elevator Co stock appears to be overvalued.
The current stock price of ¥6.37 is trading 22.7% above its estimated GF Value™ of ¥5.19.
GuruFocus considers Zhejiang Meilun Elevator Co to be Modestly Overvalued.
Key valuation signals for SHSE:603321:
Return-on-Tangible-Equity: 1.92% (62% below median its 10-year median of 5.07)
GF Value™: ¥5.19 vs. price of ¥6.37 (22.7% above fair value)
Industry Position: 72% below the Industrial Products median (#1985 of 2975)
No single metric tells the full story. See the SHSE:603321 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Meilun Elevator Co Ltd operates in the elevator industrial field. The company is mainly engaged in the production and sales of passenger elevators, escalators, moving walkways, and accessory parts, installation and maintenance of the whole product. The main products include passenger elevators, freight elevators, medical ladders, sightseeing ladders, escalators, automatic sidewalks, three-dimensional garages, and accessories. The products are widely used in residential areas, shopping malls, hotels, and public facilities.
60GF Score
Get the complete analysis for SHSE:603321
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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