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Shandong Fiberglass Group CoSHSE:605006 +0.20%58 Return-on-Tangible-Equity is 1.65% as of Mar. 2026, which is 88% below its 10-year median of 13.79. GuruFocus rates SHSE:605006 with a GF Score™ of 58/100 and a GF Value™ of ¥8.22 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,019 Manufacturing - Apparel & Accessories companies, Shandong Fiberglass Group Co ranks worse than 73.9% 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. Shandong Fiberglass Group Co's annualized net income for the quarter that ended in Mar. 2026 was ¥40 Mil. Shandong Fiberglass Group Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥2,442 Mil. Therefore, Shandong Fiberglass Group Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 1.65%.
The historical rank and industry rank for Shandong Fiberglass Group Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:605006'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -3.88 Med: 13.79 Max: 28.24
Current: -0.49
During the past 13 years, Shandong Fiberglass Group Co's highest Return-on-Tangible-Equity was 28.24%. The lowest was -3.88%. And the median was 13.79%.
SHSE:605006's Return-on-Tangible-Equity is ranked worse than 73.9% of 1019
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.47
vs SHSE:605006: -0.49
Shandong Fiberglass Group Co (SHSE:605006) 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.
Shandong Fiberglass Group Co Return-on-Tangible-Equity Related Terms
Shandong Fiberglass Group 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.
Shandong Fiberglass Group Co Return-on-Tangible-Equity Chart
Shandong Fiberglass Group Co Return-on-Tangible-Equity Competitor Comparison
For the Textile Manufacturing subindustry, Shandong Fiberglass Group 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.
Shandong Fiberglass Group Co Return-on-Tangible-Equity vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Shandong Fiberglass Group Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Shandong Fiberglass Group 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 1.65% mean?
Shandong Fiberglass Group Co (SHSE:605006) has a Return-on-Tangible-Equity of 1.65% 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 Shandong Fiberglass Group Co and its competitors. This is 88% below median its historical median of 13.79. According to the industry distribution chart, Shandong Fiberglass Group Co ranks #753 out of 1019 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 73.9%.
Is Shandong Fiberglass Group Co's Return-on-Tangible-Equity too high?
Shandong Fiberglass Group Co's current Return-on-Tangible-Equity of 1.65% is 88% below median its 10-year median of 13.79. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Equity is 4.47. Shandong Fiberglass Group Co's value of 1.65% is 63.1% below this industry median. Based on the distribution chart, Shandong Fiberglass Group Co ranks #753 out of 1019 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Shandong Fiberglass Group Co has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shandong Fiberglass Group Co's Return-on-Tangible-Equity compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Shandong Fiberglass Group Co ranks #753 out of 1019 companies for Return-on-Tangible-Equity. This places Shandong Fiberglass Group Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 4.47. Shandong Fiberglass Group Co's value of 1.65% is 63.1% below this benchmark. While the company's 10-year median is 13.79 vs. the industry median of 4.47, Shandong Fiberglass Group 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 Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Equity among Manufacturing - Apparel & Accessories companies is 4.47, based on 1,019 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. Shandong Fiberglass Group Co's current Return-on-Tangible-Equity of 1.65% is 63.1% 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 Shandong Fiberglass Group Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Equity is 4.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shandong Fiberglass Group Co's current Return-on-Tangible-Equity is 1.65%, which is 88% below median its own 10-year median of 13.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shandong Fiberglass Group Co stock overvalued right now?
Based on GuruFocus' analysis, Shandong Fiberglass Group Co (SHSE:605006) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥8.22, compared to a current price of ¥14.82 — trading 80.3% above its estimated fair value. The current Return-on-Tangible-Equity is 1.65%, which is 88% below median its 10-year median of 13.79 and 63.1% below the Manufacturing - Apparel & Accessories industry median of 4.47. Shandong Fiberglass Group Co's overall GF Score™ is 58/100 with 9 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 Shandong Fiberglass Group Co (SHSE:605006), the current Return-on-Tangible-Equity is 1.65% 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 Shandong Fiberglass Group Co (SHSE:605006) Overvalued in 2026?
Based on GuruFocus' analysis, Shandong Fiberglass Group Co stock appears to be overvalued.
The current stock price of ¥14.82 is trading 80.3% above its estimated GF Value™ of ¥8.22.
GuruFocus considers Shandong Fiberglass Group Co to be Significantly Overvalued.
Key valuation signals for SHSE:605006:
Return-on-Tangible-Equity: 1.65% (88% below median its 10-year median of 13.79)
GF Value™: ¥8.22 vs. price of ¥14.82 (80.3% above fair value)
Industry Position: 63.1% below the Manufacturing - Apparel & Accessories median (#753 of 1019)
No single metric tells the full story. See the SHSE:605006 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shandong Fiberglass Group Co Ltd is engaged in production and sales of glass fiber and its products. The company's products include Glass fiber yarn and Fiberglass products.
58GF Score
Get the complete analysis for SHSE:605006
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