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Noblelift Intelligent Equipment CoSHSE:603611 -3.17%80 Return-on-Tangible-Equity is 13.24% as of Mar. 2026, which is 46% below its 10-year median of 24.59. GuruFocus rates SHSE:603611 with a GF Score™ of 80/100 and a GF Value™ of ¥21.14 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 200 Farm & Heavy Construction Machinery companies, Noblelift Intelligent Equipment Co ranks better than 74% on this metric.
The historical rank and industry rank for Noblelift Intelligent Equipment Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:603611'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 16.04 Med: 24.59 Max: 29.55
Current: 17.83
During the past 13 years, Noblelift Intelligent Equipment Co's highest Return-on-Tangible-Equity was 29.55%. The lowest was 16.04%. And the median was 24.59%.
SHSE:603611's Return-on-Tangible-Equity is ranked better than 74% of 200
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 9.355
vs SHSE:603611: 17.83
Noblelift Intelligent Equipment Co (SHSE:603611) 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.
Noblelift Intelligent Equipment Co Return-on-Tangible-Equity Related Terms
Noblelift Intelligent Equipment 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.
Noblelift Intelligent Equipment Co Return-on-Tangible-Equity Chart
SHSE:603611 vs CAT, DE, PCAR: Return-on-Tangible-Equity Comparison
For the Farm & Heavy Construction Machinery subindustry, Noblelift Intelligent Equipment 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.
Noblelift Intelligent Equipment Co Return-on-Tangible-Equity vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Noblelift Intelligent Equipment Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Noblelift Intelligent Equipment 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 13.24% mean?
Noblelift Intelligent Equipment Co (SHSE:603611) has a Return-on-Tangible-Equity of 13.24% 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 Noblelift Intelligent Equipment Co and its competitors. This is 46% below median its historical median of 24.59. Over the past decade, Noblelift Intelligent Equipment Co's Return-on-Tangible-Equity has ranged from 16.04 to 29.55. According to the industry distribution chart, Noblelift Intelligent Equipment Co ranks #52 out of 200 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 26%.
Is Noblelift Intelligent Equipment Co's Return-on-Tangible-Equity too high?
Noblelift Intelligent Equipment Co's current Return-on-Tangible-Equity of 13.24% is 46% below median its 10-year median of 24.59. Over the past 10 years, this metric has ranged from a low of 16.04 to a high of 29.55. The Farm & Heavy Construction Machinery industry median Return-on-Tangible-Equity is 9.36. Noblelift Intelligent Equipment Co's value of 13.24% is 41.5% above this industry median. Based on the distribution chart, Noblelift Intelligent Equipment Co ranks #52 out of 200 companies in the Farm & Heavy Construction Machinery industry, which is above the industry midpoint. Overall, Noblelift Intelligent Equipment Co has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Noblelift Intelligent Equipment Co's Return-on-Tangible-Equity compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Noblelift Intelligent Equipment Co ranks #52 out of 200 companies for Return-on-Tangible-Equity. This puts Noblelift Intelligent Equipment Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 9.36. Noblelift Intelligent Equipment Co's value of 13.24% is 41.5% above this benchmark. Historically, Noblelift Intelligent Equipment Co's own Return-on-Tangible-Equity has ranged from 16.04 to 29.55 over the past decade. While the company's 10-year median is 24.59 vs. the industry median of 9.36, Noblelift Intelligent Equipment 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 9.36, 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. Noblelift Intelligent Equipment Co's current Return-on-Tangible-Equity of 13.24% is 41.5% 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 Noblelift Intelligent Equipment Co and its competitors. For the Farm & Heavy Construction Machinery industry, the median Return-on-Tangible-Equity is 9.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Noblelift Intelligent Equipment Co's current Return-on-Tangible-Equity is 13.24%, which is 46% below median its own 10-year median of 24.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Noblelift Intelligent Equipment Co stock overvalued right now?
Based on GuruFocus' analysis, Noblelift Intelligent Equipment Co (SHSE:603611) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥21.14, compared to a current price of ¥16.52 — trading 21.9% below its estimated fair value. The current Return-on-Tangible-Equity is 13.24%, which is 46% below median its 10-year median of 24.59 and 41.5% above the Farm & Heavy Construction Machinery industry median of 9.36. Noblelift Intelligent Equipment Co's overall GF Score™ is 80/100 with 4 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 Noblelift Intelligent Equipment Co (SHSE:603611), the current Return-on-Tangible-Equity is 13.24% 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 Noblelift Intelligent Equipment Co (SHSE:603611) Overvalued in 2026?
Based on GuruFocus' analysis, Noblelift Intelligent Equipment Co stock appears to be undervalued.
The current stock price of ¥16.52 is trading 21.9% below its estimated GF Value™ of ¥21.14.
GuruFocus considers Noblelift Intelligent Equipment Co to be Modestly Undervalued.
Key valuation signals for SHSE:603611:
Return-on-Tangible-Equity: 13.24% (46% below median its 10-year median of 24.59)
GF Value™: ¥21.14 vs. price of ¥16.52 (21.9% below fair value)
Industry Position: 41.5% above the Farm & Heavy Construction Machinery median (#52 of 200)
No single metric tells the full story. See the SHSE:603611 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Noblelift Intelligent Equipment Co Ltd manufacturers that joined the industrial equipment. It is mainly engaged in the research, production, and sales of light industrial trucks and electric storage vehicles. The company's products and services include Hand pallet trucks, Industrial products, Forklift, Reach truck, Electric Stacker, After sales services, and others. Its products are used in manufacturing, logistics, construction, military systems, the textile industry, chemical industry, metallurgy industry, energy industry, and many other industries.
80GF Score
Get the complete analysis for SHSE:603611
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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