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SHSE:603619'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -23.35 Med: 16.95 Max: 38.59
Current: 7.35
During the past 13 years, Zhongman Petroleum And Natural Gas Group's highest Return-on-Tangible-Equity was 38.59%. The lowest was -23.35%. And the median was 16.95%.
SHSE:603619's Return-on-Tangible-Equity is ranked better than 51.1% of 951
companies
in the Oil & Gas industry
Industry Median: 6.83
vs SHSE:603619: 7.35
Zhongman Petroleum And Natural Gas Group (SHSE:603619) 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.
Zhongman Petroleum And Natural Gas Group Return-on-Tangible-Equity Related Terms
Zhongman Petroleum And Natural Gas Group 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.
Zhongman Petroleum And Natural Gas Group Return-on-Tangible-Equity Chart
Zhongman Petroleum And Natural Gas Group Annual Data
SHSE:603619 vs XOM, CVX: Return-on-Tangible-Equity Comparison
For the Oil & Gas Integrated subindustry, Zhongman Petroleum And Natural Gas Group'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.
Zhongman Petroleum And Natural Gas Group Return-on-Tangible-Equity vs Oil & Gas Industry
* 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 2.95% mean?
Zhongman Petroleum And Natural Gas Group (SHSE:603619) has a Return-on-Tangible-Equity of 2.95% 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 Zhongman Petroleum And Natural Gas Group and its competitors. This is 83% below median its historical median of 16.95. According to the industry distribution chart, Zhongman Petroleum And Natural Gas Group ranks #465 out of 951 companies in the Oil & Gas industry, placing it in the top 48.9%.
Is Zhongman Petroleum And Natural Gas Group's Return-on-Tangible-Equity too high?
Zhongman Petroleum And Natural Gas Group's current Return-on-Tangible-Equity of 2.95% is 83% below median its 10-year median of 16.95. The Oil & Gas industry median Return-on-Tangible-Equity is 6.83. Zhongman Petroleum And Natural Gas Group's value of 2.95% is 56.8% below this industry median. Based on the distribution chart, Zhongman Petroleum And Natural Gas Group ranks #465 out of 951 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Zhongman Petroleum And Natural Gas Group has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zhongman Petroleum And Natural Gas Group's Return-on-Tangible-Equity compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Zhongman Petroleum And Natural Gas Group ranks #465 out of 951 companies for Return-on-Tangible-Equity. This puts Zhongman Petroleum And Natural Gas Group in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.83. Zhongman Petroleum And Natural Gas Group's value of 2.95% is 56.8% below this benchmark. While the company's 10-year median is 16.95 vs. the industry median of 6.83, Zhongman Petroleum And Natural Gas Group 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 Oil & Gas company?
The median Return-on-Tangible-Equity among Oil & Gas companies is 6.83, based on 951 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. Zhongman Petroleum And Natural Gas Group's current Return-on-Tangible-Equity of 2.95% is 56.8% 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 Zhongman Petroleum And Natural Gas Group and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Equity is 6.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhongman Petroleum And Natural Gas Group's current Return-on-Tangible-Equity is 2.95%, which is 83% below median its own 10-year median of 16.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhongman Petroleum And Natural Gas Group stock overvalued right now?
Based on GuruFocus' analysis, Zhongman Petroleum And Natural Gas Group (SHSE:603619) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥19.93, compared to a current price of ¥22.50 — trading 12.9% above its estimated fair value. The current Return-on-Tangible-Equity is 2.95%, which is 83% below median its 10-year median of 16.95 and 56.8% below the Oil & Gas industry median of 6.83. Zhongman Petroleum And Natural Gas Group's overall GF Score™ is 73/100 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 Zhongman Petroleum And Natural Gas Group (SHSE:603619), the current Return-on-Tangible-Equity is 2.95% 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 Zhongman Petroleum And Natural Gas Group (SHSE:603619) Overvalued in 2026?
Based on GuruFocus' analysis, Zhongman Petroleum And Natural Gas Group stock appears to be overvalued.
The current stock price of ¥22.50 is trading 12.9% above its estimated GF Value™ of ¥19.93.
GuruFocus considers Zhongman Petroleum And Natural Gas Group to be Modestly Overvalued.
Key valuation signals for SHSE:603619:
Return-on-Tangible-Equity: 2.95% (83% below median its 10-year median of 16.95)
GF Value™: ¥19.93 vs. price of ¥22.50 (12.9% above fair value)
Industry Position: 56.8% below the Oil & Gas median (#465 of 951)
No single metric tells the full story. See the SHSE:603619 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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