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Sanxiang Advanced Materials CoSHSE:603663 +5.98%62 Return-on-Tangible-Equity is 11.90% as of Mar. 2026, which is 11% below its 10-year median of 13.41. GuruFocus rates SHSE:603663 with a GF Score™ of 62/100 and a GF Value™ of ¥15.48 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,570 Chemicals companies, Sanxiang Advanced Materials Co ranks better than 73.69% 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. Sanxiang Advanced Materials Co's annualized net income for the quarter that ended in Mar. 2026 was ¥148 Mil. Sanxiang Advanced Materials Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥1,240 Mil. Therefore, Sanxiang Advanced Materials Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 11.90%.
The historical rank and industry rank for Sanxiang Advanced Materials Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:603663'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.69 Med: 13.41 Max: 18.91
Current: 11.65
During the past 13 years, Sanxiang Advanced Materials Co's highest Return-on-Tangible-Equity was 18.91%. The lowest was 6.69%. And the median was 13.41%.
SHSE:603663's Return-on-Tangible-Equity is ranked better than 73.69% of 1570
companies
in the Chemicals industry
Industry Median: 5.88
vs SHSE:603663: 11.65
Sanxiang Advanced Materials Co (SHSE:603663) 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.
Sanxiang Advanced Materials Co Return-on-Tangible-Equity Related Terms
Sanxiang Advanced Materials 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.
Sanxiang Advanced Materials Co Return-on-Tangible-Equity Chart
SHSE:603663 vs LIN, SHW, ECL: Return-on-Tangible-Equity Comparison
For the Specialty Chemicals subindustry, Sanxiang Advanced Materials 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.
Sanxiang Advanced Materials Co Return-on-Tangible-Equity vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Sanxiang Advanced Materials Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Sanxiang Advanced Materials 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 11.90% mean?
Sanxiang Advanced Materials Co (SHSE:603663) has a Return-on-Tangible-Equity of 11.90% 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 Sanxiang Advanced Materials Co and its competitors. This is 11% below median its historical median of 13.41. Over the past decade, Sanxiang Advanced Materials Co's Return-on-Tangible-Equity has ranged from 6.69 to 18.91. According to the industry distribution chart, Sanxiang Advanced Materials Co ranks #413 out of 1570 companies in the Chemicals industry, placing it in the top 26.3%.
Is Sanxiang Advanced Materials Co's Return-on-Tangible-Equity too high?
Sanxiang Advanced Materials Co's current Return-on-Tangible-Equity of 11.90% is 11% below median its 10-year median of 13.41. Over the past 10 years, this metric has ranged from a low of 6.69 to a high of 18.91. The Chemicals industry median Return-on-Tangible-Equity is 5.88. Sanxiang Advanced Materials Co's value of 11.90% is 102.4% above this industry median. Based on the distribution chart, Sanxiang Advanced Materials Co ranks #413 out of 1570 companies in the Chemicals industry, which is above the industry midpoint. Overall, Sanxiang Advanced Materials Co has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sanxiang Advanced Materials Co's Return-on-Tangible-Equity compare to LIN and SHW?
According to the Chemicals industry distribution chart, Sanxiang Advanced Materials Co ranks #413 out of 1570 companies for Return-on-Tangible-Equity. This puts Sanxiang Advanced Materials Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.88. Sanxiang Advanced Materials Co's value of 11.90% is 102.4% above this benchmark. Historically, Sanxiang Advanced Materials Co's own Return-on-Tangible-Equity has ranged from 6.69 to 18.91 over the past decade. While the company's 10-year median is 13.41 vs. the industry median of 5.88, Sanxiang Advanced Materials 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 Chemicals company?
The median Return-on-Tangible-Equity among Chemicals companies is 5.88, based on 1,570 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. Sanxiang Advanced Materials Co's current Return-on-Tangible-Equity of 11.90% is 102.4% 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 Sanxiang Advanced Materials Co and its competitors. For the Chemicals industry, the median Return-on-Tangible-Equity is 5.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sanxiang Advanced Materials Co's current Return-on-Tangible-Equity is 11.90%, which is 11% below median its own 10-year median of 13.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sanxiang Advanced Materials Co stock overvalued right now?
Based on GuruFocus' analysis, Sanxiang Advanced Materials Co (SHSE:603663) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥15.48, compared to a current price of ¥33.87 — trading 118.8% above its estimated fair value. The current Return-on-Tangible-Equity is 11.90%, which is 11% below median its 10-year median of 13.41 and 102.4% above the Chemicals industry median of 5.88. Sanxiang Advanced Materials Co's overall GF Score™ is 62/100 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 Sanxiang Advanced Materials Co (SHSE:603663), the current Return-on-Tangible-Equity is 11.90% 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 Sanxiang Advanced Materials Co (SHSE:603663) Overvalued in 2026?
Based on GuruFocus' analysis, Sanxiang Advanced Materials Co stock appears to be overvalued.
The current stock price of ¥33.87 is trading 118.8% above its estimated GF Value™ of ¥15.48.
GuruFocus considers Sanxiang Advanced Materials Co to be Significantly Overvalued.
Key valuation signals for SHSE:603663:
Return-on-Tangible-Equity: 11.90% (11% below median its 10-year median of 13.41)
GF Value™: ¥15.48 vs. price of ¥33.87 (118.8% above fair value)
Industry Position: 102.4% above the Chemicals median (#413 of 1570)
No single metric tells the full story. See the SHSE:603663 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sanxiang Advanced Materials Co Ltd produces, manufactures, and sells new materials such as varieties of zirconia, magnesium, and advanced ceramics. Its products are widely used in aerospace, military, fire-resistant and wear-resistant materials, ceramic glazes, and other industries. The company's business segments include the zirconium series, magnesium series, and advanced ceramic series through which it offers products like nano zirconium oxide, zirconium oxychloride, lightweight new materials, casting new materials, magnesium aluminum alloys, and others.
62GF Score
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