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Zhejiang Jianye Chemical CoSHSE:603948 +0.88%79 Return-on-Tangible-Equity is 10.10% as of Mar. 2026, which is 50% below its 10-year median of 20.39. GuruFocus rates SHSE:603948 with a GF Score™ of 79/100 and a GF Value™ of ¥16.12 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 1,571 Chemicals companies, Zhejiang Jianye Chemical Co ranks better than 72.63% 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. Zhejiang Jianye Chemical Co's annualized net income for the quarter that ended in Mar. 2026 was ¥212 Mil. Zhejiang Jianye Chemical Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥2,097 Mil. Therefore, Zhejiang Jianye Chemical Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 10.10%.
The historical rank and industry rank for Zhejiang Jianye Chemical Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:603948'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 10.76 Med: 20.39 Max: 43.73
Current: 11.49
During the past 11 years, Zhejiang Jianye Chemical Co's highest Return-on-Tangible-Equity was 43.73%. The lowest was 10.76%. And the median was 20.39%.
SHSE:603948's Return-on-Tangible-Equity is ranked better than 72.63% of 1571
companies
in the Chemicals industry
Industry Median: 5.9
vs SHSE:603948: 11.49
Zhejiang Jianye Chemical Co (SHSE:603948) 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.
Zhejiang Jianye Chemical Co Return-on-Tangible-Equity Related Terms
Zhejiang Jianye Chemical 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.
Zhejiang Jianye Chemical Co Return-on-Tangible-Equity Chart
SHSE:603948 vs DOW: Return-on-Tangible-Equity Comparison
For the Chemicals subindustry, Zhejiang Jianye Chemical 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.
Zhejiang Jianye Chemical Co Return-on-Tangible-Equity vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Zhejiang Jianye Chemical Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Zhejiang Jianye Chemical 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 10.10% mean?
Zhejiang Jianye Chemical Co (SHSE:603948) has a Return-on-Tangible-Equity of 10.10% 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 Zhejiang Jianye Chemical Co and its competitors. This is 50% below median its historical median of 20.39. Over the past decade, Zhejiang Jianye Chemical Co's Return-on-Tangible-Equity has ranged from 10.76 to 43.73. According to the industry distribution chart, Zhejiang Jianye Chemical Co ranks #430 out of 1571 companies in the Chemicals industry, placing it in the top 27.4%.
Is Zhejiang Jianye Chemical Co's Return-on-Tangible-Equity too high?
Zhejiang Jianye Chemical Co's current Return-on-Tangible-Equity of 10.10% is 50% below median its 10-year median of 20.39. Over the past 10 years, this metric has ranged from a low of 10.76 to a high of 43.73. The Chemicals industry median Return-on-Tangible-Equity is 5.90. Zhejiang Jianye Chemical Co's value of 10.10% is 71.2% above this industry median. Based on the distribution chart, Zhejiang Jianye Chemical Co ranks #430 out of 1571 companies in the Chemicals industry, which is above the industry midpoint. Overall, Zhejiang Jianye Chemical Co has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Jianye Chemical Co's Return-on-Tangible-Equity compare to DOW?
According to the Chemicals industry distribution chart, Zhejiang Jianye Chemical Co ranks #430 out of 1571 companies for Return-on-Tangible-Equity. This puts Zhejiang Jianye Chemical Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.90. Zhejiang Jianye Chemical Co's value of 10.10% is 71.2% above this benchmark. Historically, Zhejiang Jianye Chemical Co's own Return-on-Tangible-Equity has ranged from 10.76 to 43.73 over the past decade. While the company's 10-year median is 20.39 vs. the industry median of 5.90, Zhejiang Jianye Chemical 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 5.90, based on 1,571 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. Zhejiang Jianye Chemical Co's current Return-on-Tangible-Equity of 10.10% is 71.2% 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 Zhejiang Jianye Chemical Co and its competitors. For the Chemicals industry, the median Return-on-Tangible-Equity is 5.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Jianye Chemical Co's current Return-on-Tangible-Equity is 10.10%, which is 50% below median its own 10-year median of 20.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Jianye Chemical Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Jianye Chemical Co (SHSE:603948) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥16.12, compared to a current price of ¥20.68 — trading 28.3% above its estimated fair value. The current Return-on-Tangible-Equity is 10.10%, which is 50% below median its 10-year median of 20.39 and 71.2% above the Chemicals industry median of 5.90. Zhejiang Jianye Chemical Co's overall GF Score™ is 79/100 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 Zhejiang Jianye Chemical Co (SHSE:603948), the current Return-on-Tangible-Equity is 10.10% 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 Zhejiang Jianye Chemical Co (SHSE:603948) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Jianye Chemical Co stock appears to be overvalued.
The current stock price of ¥20.68 is trading 28.3% above its estimated GF Value™ of ¥16.12.
GuruFocus considers Zhejiang Jianye Chemical Co to be Modestly Overvalued.
Key valuation signals for SHSE:603948:
Return-on-Tangible-Equity: 10.10% (50% below median its 10-year median of 20.39)
GF Value™: ¥16.12 vs. price of ¥20.68 (28.3% above fair value)
Industry Position: 71.2% above the Chemicals median (#430 of 1571)
No single metric tells the full story. See the SHSE:603948 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Jianye Chemical Co Ltd is engaged in the production, research and development and sales of low-carbon fatty amines, plasticizers, acetates, and electronic chemicals.
79GF Score
Get the complete analysis for SHSE:603948
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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