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.
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. Shanghai Laiyifen Co's annualized net income for the quarter that ended in Mar. 2026 was ¥-56 Mil. Shanghai Laiyifen Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥1,524 Mil. Therefore, Shanghai Laiyifen Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -3.69%.
The historical rank and industry rank for Shanghai Laiyifen Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:603777'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -11.87 Med: 1.23 Max: 9.3
Current: -11.87
During the past 13 years, Shanghai Laiyifen Co's highest Return-on-Tangible-Equity was 9.30%. The lowest was -11.87%. And the median was 1.23%.
SHSE:603777's Return-on-Tangible-Equity is ranked worse than 90.33% of 300
companies
in the Retail - Defensive industry
Industry Median: 10.955
vs SHSE:603777: -11.87
Shanghai Laiyifen Co (SHSE:603777) 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.
Shanghai Laiyifen Co Return-on-Tangible-Equity Related Terms
Shanghai Laiyifen Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Shanghai Laiyifen Co's Return-on-Tangible-Equity can be seen below:
* 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.
Shanghai Laiyifen Co Return-on-Tangible-Equity Chart
SHSE:603777 vs KR: Return-on-Tangible-Equity Comparison
For the Grocery Stores subindustry, Shanghai Laiyifen 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.
Shanghai Laiyifen Co Return-on-Tangible-Equity vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Shanghai Laiyifen Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Shanghai Laiyifen 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 -3.69% mean?
Shanghai Laiyifen Co (SHSE:603777) has a Return-on-Tangible-Equity of -3.69% 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 Shanghai Laiyifen Co and its competitors. According to the industry distribution chart, Shanghai Laiyifen Co ranks #271 out of 300 companies in the Retail - Defensive industry, placing it in the top 90.3%.
Is Shanghai Laiyifen Co's Return-on-Tangible-Equity too high?
Shanghai Laiyifen Co's current Return-on-Tangible-Equity is -3.69%. Based on the distribution chart, Shanghai Laiyifen Co ranks #271 out of 300 companies in the Retail - Defensive industry, which is in the bottom quartile relative to peers. Overall, Shanghai Laiyifen Co has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Laiyifen Co's Return-on-Tangible-Equity compare to KR?
According to the Retail - Defensive industry distribution chart, Shanghai Laiyifen Co ranks #271 out of 300 companies for Return-on-Tangible-Equity. This places Shanghai Laiyifen Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 10.96. 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 Retail - Defensive company?
The median Return-on-Tangible-Equity among Retail - Defensive companies is 10.96, based on 300 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. 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 Shanghai Laiyifen Co and its competitors. For the Retail - Defensive industry, the median Return-on-Tangible-Equity is 10.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Laiyifen Co's current Return-on-Tangible-Equity is -3.69%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Laiyifen Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Laiyifen Co (SHSE:603777) is currently considered Fairly Valued. The stock's GF Value™ is ¥12.64, compared to a current price of ¥13.23 — trading 4.7% above its estimated fair value. The current Return-on-Tangible-Equity is -3.69%. Shanghai Laiyifen Co's overall GF Score™ is 64/100 with 2 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 Shanghai Laiyifen Co (SHSE:603777), the current Return-on-Tangible-Equity is -3.69% 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 Shanghai Laiyifen Co (SHSE:603777) Overvalued in 2026?
Based on GuruFocus' analysis, Shanghai Laiyifen Co stock appears to be overvalued.
The current stock price of ¥13.23 is trading 4.7% above its estimated GF Value™ of ¥12.64.
GuruFocus considers Shanghai Laiyifen Co to be Fairly Valued.
Key valuation signals for SHSE:603777:
Return-on-Tangible-Equity: -3.69%
GF Value™: ¥12.64 vs. price of ¥13.23 (4.7% above fair value)
No single metric tells the full story. See the SHSE:603777 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shanghai Laiyifen Co Ltd is an omnichannel operator of its own branded snack foods. The company's core brand is Lai Yifen. Its products cover nuts, meat products, dried fruit, pastries, vegetables, soy products and 9 categories of snack foods such as aquatic products, chocolate candies/jelly and puffed.
64GF Score
Get the complete analysis for SHSE:603777
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:603777 has been successfully added to your 
