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Fujian Raynen Technology CoSHSE:603933 +3.15%78 Return-on-Tangible-Equity is 11.62% as of Mar. 2026, which is 123% above its 10-year median of 5.22. GuruFocus rates SHSE:603933 with a GF Score™ of 78/100 and a GF Value™ of ¥19.63 (Fairly Valued). The stock has 4 warning signs investors should review. Among 2,382 Hardware companies, Fujian Raynen Technology Co ranks worse than 52.31% 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. Fujian Raynen Technology Co's annualized net income for the quarter that ended in Mar. 2026 was ¥138 Mil. Fujian Raynen Technology Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥1,188 Mil. Therefore, Fujian Raynen Technology Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 11.62%.
The historical rank and industry rank for Fujian Raynen Technology Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:603933'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.5 Med: 5.22 Max: 27.8
Current: 4.78
During the past 13 years, Fujian Raynen Technology Co's highest Return-on-Tangible-Equity was 27.80%. The lowest was 2.50%. And the median was 5.22%.
SHSE:603933's Return-on-Tangible-Equity is ranked worse than 52.31% of 2382
companies
in the Hardware industry
Industry Median: 5.37
vs SHSE:603933: 4.78
Fujian Raynen Technology Co (SHSE:603933) 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.
Fujian Raynen Technology Co Return-on-Tangible-Equity Related Terms
Fujian Raynen Technology 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.
Fujian Raynen Technology Co Return-on-Tangible-Equity Chart
SHSE:603933 vs DELL, ANET, SNDK: Return-on-Tangible-Equity Comparison
For the Computer Hardware subindustry, Fujian Raynen 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.
Fujian Raynen Technology Co Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Fujian Raynen Technology Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Fujian Raynen 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 11.62% mean?
Fujian Raynen Technology Co (SHSE:603933) has a Return-on-Tangible-Equity of 11.62% 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 Fujian Raynen Technology Co and its competitors. This is 123% above median its historical median of 5.22. Over the past decade, Fujian Raynen Technology Co's Return-on-Tangible-Equity has ranged from 2.50 to 27.80. According to the industry distribution chart, Fujian Raynen Technology Co ranks #1246 out of 2382 companies in the Hardware industry, placing it in the top 52.3%.
Is Fujian Raynen Technology Co's Return-on-Tangible-Equity too high?
Fujian Raynen Technology Co's current Return-on-Tangible-Equity of 11.62% is 123% above median its 10-year median of 5.22. Over the past 10 years, this metric has ranged from a low of 2.50 to a high of 27.80. The Hardware industry median Return-on-Tangible-Equity is 5.37. Fujian Raynen Technology Co's value of 11.62% is 116.4% above this industry median. Based on the distribution chart, Fujian Raynen Technology Co ranks #1246 out of 2382 companies in the Hardware industry, which is below the industry midpoint. Overall, Fujian Raynen Technology Co has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fujian Raynen Technology Co's Return-on-Tangible-Equity compare to DELL and ANET?
According to the Hardware industry distribution chart, Fujian Raynen Technology Co ranks #1246 out of 2382 companies for Return-on-Tangible-Equity. This places Fujian Raynen Technology Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.37. Fujian Raynen Technology Co's value of 11.62% is 116.4% above this benchmark. Historically, Fujian Raynen Technology Co's own Return-on-Tangible-Equity has ranged from 2.50 to 27.80 over the past decade. While the company's 10-year median is 5.22 vs. the industry median of 5.37, Fujian Raynen Technology 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 Hardware company?
The median Return-on-Tangible-Equity among Hardware companies is 5.37, 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. Fujian Raynen Technology Co's current Return-on-Tangible-Equity of 11.62% is 116.4% 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 Fujian Raynen Technology Co and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fujian Raynen Technology Co's current Return-on-Tangible-Equity is 11.62%, which is 123% above median its own 10-year median of 5.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fujian Raynen Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Fujian Raynen Technology Co (SHSE:603933) is currently considered Fairly Valued. The stock's GF Value™ is ¥19.63, compared to a current price of ¥19.02 — trading 3.1% below its estimated fair value. The current Return-on-Tangible-Equity is 11.62%, which is 123% above median its 10-year median of 5.22 and 116.4% above the Hardware industry median of 5.37. Fujian Raynen Technology Co's overall GF Score™ is 78/100 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 Fujian Raynen Technology Co (SHSE:603933), the current Return-on-Tangible-Equity is 11.62% 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 Fujian Raynen Technology Co (SHSE:603933) Overvalued in 2026?
Based on GuruFocus' analysis, Fujian Raynen Technology Co stock appears to be undervalued.
The current stock price of ¥19.02 is trading 3.1% below its estimated GF Value™ of ¥19.63.
GuruFocus considers Fujian Raynen Technology Co to be Fairly Valued.
Key valuation signals for SHSE:603933:
Return-on-Tangible-Equity: 11.62% (123% above median its 10-year median of 5.22)
GF Value™: ¥19.63 vs. price of ¥19.02 (3.1% below fair value)
Industry Position: 116.4% above the Hardware median (#1246 of 2382)
No single metric tells the full story. See the SHSE:603933 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fujian Raynen Technology Co Ltd specializes in R&D, production and sales of needle spinning electronic control, textile servo drives and intelligent lighting power supply. Its subsidiaries include application software development in the knitting industry, distribution of IC products, distribution of industrial electrical automation products and system integration.
78GF Score
Get the complete analysis for SHSE:603933
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