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Zhejiang Dingli Machinery CoSHSE:603338 -2.05%99 Return-on-Tangible-Equity is 16.85% as of Mar. 2026, which is 14% below its 10-year median of 19.66. GuruFocus rates SHSE:603338 with a GF Score™ of 99/100 and a GF Value™ of ¥72.40 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 199 Farm & Heavy Construction Machinery companies, Zhejiang Dingli Machinery Co ranks better than 75.38% 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 Dingli Machinery Co's annualized net income for the quarter that ended in Mar. 2026 was ¥1,812 Mil. Zhejiang Dingli Machinery Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥10,749 Mil. Therefore, Zhejiang Dingli Machinery Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 16.85%.
The historical rank and industry rank for Zhejiang Dingli Machinery Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:603338'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 18.31 Med: 19.66 Max: 25.13
Current: 18.88
During the past 13 years, Zhejiang Dingli Machinery Co's highest Return-on-Tangible-Equity was 25.13%. The lowest was 18.31%. And the median was 19.66%.
SHSE:603338's Return-on-Tangible-Equity is ranked better than 75.38% of 199
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 9.27
vs SHSE:603338: 18.88
Zhejiang Dingli Machinery Co (SHSE:603338) 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 Dingli Machinery Co Return-on-Tangible-Equity Related Terms
Zhejiang Dingli Machinery 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 Dingli Machinery Co Return-on-Tangible-Equity Chart
SHSE:603338 vs CAT, DE, PCAR: Return-on-Tangible-Equity Comparison
For the Farm & Heavy Construction Machinery subindustry, Zhejiang Dingli Machinery 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 Dingli Machinery Co Return-on-Tangible-Equity vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Zhejiang Dingli Machinery Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Zhejiang Dingli Machinery 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 16.85% mean?
Zhejiang Dingli Machinery Co (SHSE:603338) has a Return-on-Tangible-Equity of 16.85% 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 Dingli Machinery Co and its competitors. This is 14% below median its historical median of 19.66. Over the past decade, Zhejiang Dingli Machinery Co's Return-on-Tangible-Equity has ranged from 18.31 to 25.13. According to the industry distribution chart, Zhejiang Dingli Machinery Co ranks #49 out of 199 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 24.6%.
Is Zhejiang Dingli Machinery Co's Return-on-Tangible-Equity too high?
Zhejiang Dingli Machinery Co's current Return-on-Tangible-Equity of 16.85% is 14% below median its 10-year median of 19.66. Over the past 10 years, this metric has ranged from a low of 18.31 to a high of 25.13. The Farm & Heavy Construction Machinery industry median Return-on-Tangible-Equity is 9.27. Zhejiang Dingli Machinery Co's value of 16.85% is 81.8% above this industry median. Based on the distribution chart, Zhejiang Dingli Machinery Co ranks #49 out of 199 companies in the Farm & Heavy Construction Machinery industry, which is in the top quartile — a strong position relative to peers. Overall, Zhejiang Dingli Machinery Co has a GF Score™ of 99/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Dingli Machinery Co's Return-on-Tangible-Equity compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Zhejiang Dingli Machinery Co ranks #49 out of 199 companies for Return-on-Tangible-Equity. This places Zhejiang Dingli Machinery Co in the top 25% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 9.27. Zhejiang Dingli Machinery Co's value of 16.85% is 81.8% above this benchmark. Historically, Zhejiang Dingli Machinery Co's own Return-on-Tangible-Equity has ranged from 18.31 to 25.13 over the past decade. While the company's 10-year median is 19.66 vs. the industry median of 9.27, Zhejiang Dingli Machinery 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 Farm & Heavy Construction Machinery company?
The median Return-on-Tangible-Equity among Farm & Heavy Construction Machinery companies is 9.27, based on 199 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 Dingli Machinery Co's current Return-on-Tangible-Equity of 16.85% is 81.8% 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 Zhejiang Dingli Machinery Co and its competitors. For the Farm & Heavy Construction Machinery industry, the median Return-on-Tangible-Equity is 9.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Dingli Machinery Co's current Return-on-Tangible-Equity is 16.85%, which is 14% below median its own 10-year median of 19.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Dingli Machinery Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Dingli Machinery Co (SHSE:603338) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥72.40, compared to a current price of ¥56.85 — trading 21.5% below its estimated fair value. The current Return-on-Tangible-Equity is 16.85%, which is 14% below median its 10-year median of 19.66 and 81.8% above the Farm & Heavy Construction Machinery industry median of 9.27. Zhejiang Dingli Machinery Co's overall GF Score™ is 99/100 with 1 warning sign 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 Dingli Machinery Co (SHSE:603338), the current Return-on-Tangible-Equity is 16.85% 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 Dingli Machinery Co (SHSE:603338) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Dingli Machinery Co stock appears to be undervalued.
The current stock price of ¥56.85 is trading 21.5% below its estimated GF Value™ of ¥72.40.
GuruFocus considers Zhejiang Dingli Machinery Co to be Modestly Undervalued.
Key valuation signals for SHSE:603338:
Return-on-Tangible-Equity: 16.85% (14% below median its 10-year median of 19.66)
GF Value™: ¥72.40 vs. price of ¥56.85 (21.5% below fair value)
Industry Position: 81.8% above the Farm & Heavy Construction Machinery median (#49 of 199)
No single metric tells the full story. See the SHSE:603338 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Dingli Machinery Co Ltd is engaged in the research and development, production, and sales of aerial work machinery and industrial vehicles. The company manufactures a range of aerial work platforms, including electric, diesel, and hybrid boom lifts, scissor lifts, mast lifts, and specialized models. Its products are applied across industrial, commercial, construction, and engineering sectors, as well as in logistics, petrochemicals, shipbuilding, and specialized fields such as power grids, nuclear facilities, high-speed rail, airports, and tunnels.
99GF Score
Get the complete analysis for SHSE:603338
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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