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.
Raisecom Technology CoSHSE:603803 +3.63%59 Return-on-Tangible-Equity is 1.94% as of Mar. 2026, which is 60% below its 10-year median of 4.90. GuruFocus rates SHSE:603803 with a GF Score™ of 59/100 and a GF Value™ of ¥6.56 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,382 Hardware companies, Raisecom Technology Co ranks worse than 71.24% 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. Raisecom Technology Co's annualized net income for the quarter that ended in Mar. 2026 was ¥27 Mil. Raisecom Technology Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥1,413 Mil. Therefore, Raisecom Technology Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 1.94%.
The historical rank and industry rank for Raisecom Technology Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:603803'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -37.7 Med: 4.9 Max: 18.63
Current: -1.27
During the past 13 years, Raisecom Technology Co's highest Return-on-Tangible-Equity was 18.63%. The lowest was -37.70%. And the median was 4.90%.
SHSE:603803's Return-on-Tangible-Equity is ranked worse than 71.24% of 2382
companies
in the Hardware industry
Industry Median: 5.485
vs SHSE:603803: -1.27
Raisecom Technology Co (SHSE:603803) 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.
Raisecom Technology Co Return-on-Tangible-Equity Related Terms
Raisecom Technology Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Raisecom Technology 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.
Raisecom Technology Co Return-on-Tangible-Equity Chart
SHSE:603803 vs CSCO, MSI, HPE: Return-on-Tangible-Equity Comparison
For the Communication Equipment subindustry, Raisecom Technology 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.
Raisecom Technology Co Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Raisecom Technology Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Raisecom Technology 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 1.94% mean?
Raisecom Technology Co (SHSE:603803) has a Return-on-Tangible-Equity of 1.94% 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 Raisecom Technology Co and its competitors. This is 60% below median its historical median of 4.90. According to the industry distribution chart, Raisecom Technology Co ranks #1697 out of 2382 companies in the Hardware industry, placing it in the top 71.2%.
Is Raisecom Technology Co's Return-on-Tangible-Equity too high?
Raisecom Technology Co's current Return-on-Tangible-Equity of 1.94% is 60% below median its 10-year median of 4.90. The Hardware industry median Return-on-Tangible-Equity is 5.49. Raisecom Technology Co's value of 1.94% is 64.6% below this industry median. Based on the distribution chart, Raisecom Technology Co ranks #1697 out of 2382 companies in the Hardware industry, which is below the industry midpoint. Overall, Raisecom Technology Co has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Raisecom Technology Co's Return-on-Tangible-Equity compare to CSCO and MSI?
According to the Hardware industry distribution chart, Raisecom Technology Co ranks #1697 out of 2382 companies for Return-on-Tangible-Equity. This places Raisecom Technology Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.49. Raisecom Technology Co's value of 1.94% is 64.6% below this benchmark. While the company's 10-year median is 4.90 vs. the industry median of 5.49, Raisecom Technology 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 a Hardware company?
The median Return-on-Tangible-Equity among Hardware companies is 5.49, based on 2,382 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. Raisecom Technology Co's current Return-on-Tangible-Equity of 1.94% is 64.6% 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 Raisecom Technology Co and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Raisecom Technology Co's current Return-on-Tangible-Equity is 1.94%, which is 60% below median its own 10-year median of 4.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Raisecom Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Raisecom Technology Co (SHSE:603803) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥6.56, compared to a current price of ¥11.14 — trading 69.8% above its estimated fair value. The current Return-on-Tangible-Equity is 1.94%, which is 60% below median its 10-year median of 4.90 and 64.6% below the Hardware industry median of 5.49. Raisecom Technology Co's overall GF Score™ is 59/100 with 1 warning sign 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 Raisecom Technology Co (SHSE:603803), the current Return-on-Tangible-Equity is 1.94% 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 Raisecom Technology Co (SHSE:603803) Overvalued in 2026?
Based on GuruFocus' analysis, Raisecom Technology Co stock appears to be overvalued.
The current stock price of ¥11.14 is trading 69.8% above its estimated GF Value™ of ¥6.56.
GuruFocus considers Raisecom Technology Co to be Significantly Overvalued.
Key valuation signals for SHSE:603803:
Return-on-Tangible-Equity: 1.94% (60% below median its 10-year median of 4.90)
GF Value™: ¥6.56 vs. price of ¥11.14 (69.8% above fair value)
Industry Position: 64.6% below the Hardware median (#1697 of 2382)
No single metric tells the full story. See the SHSE:603803 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Raisecom Technology Co Ltd is a Chinese provider of access solutions and network devices. Its product lines consist carrier ethernet, IP MPLS, optical transport network, packet transport network, xPON, SME routers, industrial switch, PCM for SCADA, ethernet over everything, multi-service last mile access and network management system. In addition, the company also offers tailored solutions for access scenarios focusing on service providers, mobile backhaul and front haul, broadband access, mission critical networks, enterprise and government communications services.
59GF Score
Get the complete analysis for SHSE:603803
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:603803 has been successfully added to your 
