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 Tony Electronic CoSHSE:603595 -7.32%69 Return-on-Tangible-Equity is 6.55% as of Mar. 2026, which is 78% above its 10-year median of 3.68. GuruFocus rates SHSE:603595 with a GF Score™ of 69/100 and a GF Value™ of ¥22.66 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 2,973 Industrial Products companies, Zhejiang Tony Electronic Co ranks worse than 80.96% 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 Tony Electronic Co's annualized net income for the quarter that ended in Mar. 2026 was ¥95 Mil. Zhejiang Tony Electronic Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥1,453 Mil. Therefore, Zhejiang Tony Electronic Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 6.55%.
The historical rank and industry rank for Zhejiang Tony Electronic Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:603595'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -36.69 Med: 3.68 Max: 37.09
Current: -3.45
During the past 13 years, Zhejiang Tony Electronic Co's highest Return-on-Tangible-Equity was 37.09%. The lowest was -36.69%. And the median was 3.68%.
SHSE:603595's Return-on-Tangible-Equity is ranked worse than 80.96% of 2973
companies
in the Industrial Products industry
Industry Median: 6.78
vs SHSE:603595: -3.45
Zhejiang Tony Electronic Co (SHSE:603595) 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 Tony Electronic Co Return-on-Tangible-Equity Related Terms
Zhejiang Tony Electronic 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 Tony Electronic Co Return-on-Tangible-Equity Chart
SHSE:603595 vs VRT, BE: Return-on-Tangible-Equity Comparison
For the Electrical Equipment & Parts subindustry, Zhejiang Tony Electronic 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 Tony Electronic Co Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Zhejiang Tony Electronic Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Zhejiang Tony Electronic 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 6.55% mean?
Zhejiang Tony Electronic Co (SHSE:603595) has a Return-on-Tangible-Equity of 6.55% 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 Tony Electronic Co and its competitors. This is 78% above median its historical median of 3.68. According to the industry distribution chart, Zhejiang Tony Electronic Co ranks #2407 out of 2973 companies in the Industrial Products industry, placing it in the top 81%.
Is Zhejiang Tony Electronic Co's Return-on-Tangible-Equity too high?
Zhejiang Tony Electronic Co's current Return-on-Tangible-Equity of 6.55% is 78% above median its 10-year median of 3.68. The Industrial Products industry median Return-on-Tangible-Equity is 6.78. Zhejiang Tony Electronic Co's value of 6.55% is 3.4% below this industry median. Based on the distribution chart, Zhejiang Tony Electronic Co ranks #2407 out of 2973 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Zhejiang Tony Electronic Co has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Tony Electronic Co's Return-on-Tangible-Equity compare to VRT and BE?
According to the Industrial Products industry distribution chart, Zhejiang Tony Electronic Co ranks #2407 out of 2973 companies for Return-on-Tangible-Equity. This places Zhejiang Tony Electronic Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.78. Zhejiang Tony Electronic Co's value of 6.55% is 3.4% below this benchmark. While the company's 10-year median is 3.68 vs. the industry median of 6.78, Zhejiang Tony Electronic 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 6.78, based on 2,973 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 Tony Electronic Co's current Return-on-Tangible-Equity of 6.55% is 3.4% 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 Tony Electronic Co and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Tony Electronic Co's current Return-on-Tangible-Equity is 6.55%, which is 78% above median its own 10-year median of 3.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Tony Electronic Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Tony Electronic Co (SHSE:603595) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥22.66, compared to a current price of ¥19.89 — trading 12.2% below its estimated fair value. The current Return-on-Tangible-Equity is 6.55%, which is 78% above median its 10-year median of 3.68 and 3.4% below the Industrial Products industry median of 6.78. Zhejiang Tony Electronic Co's overall GF Score™ is 69/100 with 5 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 Tony Electronic Co (SHSE:603595), the current Return-on-Tangible-Equity is 6.55% 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 Tony Electronic Co (SHSE:603595) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Tony Electronic Co stock appears to be undervalued.
The current stock price of ¥19.89 is trading 12.2% below its estimated GF Value™ of ¥22.66.
GuruFocus considers Zhejiang Tony Electronic Co to be Modestly Undervalued.
Key valuation signals for SHSE:603595:
Return-on-Tangible-Equity: 6.55% (78% above median its 10-year median of 3.68)
GF Value™: ¥22.66 vs. price of ¥19.89 (12.2% below fair value)
Industry Position: 3.4% below the Industrial Products median (#2407 of 2973)
No single metric tells the full story. See the SHSE:603595 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Tony Electronic Co Ltd is engaged in the research, manufacturing, and marketing of ultra-fine alloy wire and other metal matrix composite. The major products are ultra-fine conductors and laminating wires. Its ultra-fine conductors and laminating wires are widely applied in electronic, new energy automobile, medical apparatus, and intelligent robot fields; and diamond cutting lines are mainly used in the cutting of hard and brittle materials such as silicon and sapphire.
69GF Score
Get the complete analysis for SHSE:603595
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:603595 has been successfully added to your 
