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SHSE:688016's Return-on-Tangible-Equity is ranked better than 83.25% of 758
companies
in the Medical Devices & Instruments industry
Industry Median: 4.055
vs SHSE:688016: 19.87
Shanghai Microport Endovascular Medtech Co (SHSE:688016) 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 Microport Endovascular Medtech Co Return-on-Tangible-Equity Related Terms
Shanghai Microport Endovascular Medtech 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.
Shanghai Microport Endovascular Medtech Co Return-on-Tangible-Equity Chart
Shanghai Microport Endovascular Medtech Co Annual Data
SHSE:688016 vs ABT, SYK, MDT: Return-on-Tangible-Equity Comparison
For the Medical Devices subindustry, Shanghai Microport Endovascular Medtech 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 Microport Endovascular Medtech Co Return-on-Tangible-Equity vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Shanghai Microport Endovascular Medtech Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Shanghai Microport Endovascular Medtech 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 20.07% mean?
Shanghai Microport Endovascular Medtech Co (SHSE:688016) has a Return-on-Tangible-Equity of 20.07% 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 Microport Endovascular Medtech Co and its competitors. This is 20% below median its historical median of 25.21. Over the past decade, Shanghai Microport Endovascular Medtech Co's Return-on-Tangible-Equity has ranged from 16.06 to 77.93. According to the industry distribution chart, Shanghai Microport Endovascular Medtech Co ranks #127 out of 758 companies in the Medical Devices & Instruments industry, placing it in the top 16.8%.
Is Shanghai Microport Endovascular Medtech Co's Return-on-Tangible-Equity too high?
Shanghai Microport Endovascular Medtech Co's current Return-on-Tangible-Equity of 20.07% is 20% below median its 10-year median of 25.21. Over the past 10 years, this metric has ranged from a low of 16.06 to a high of 77.93. The Medical Devices & Instruments industry median Return-on-Tangible-Equity is 4.06. Shanghai Microport Endovascular Medtech Co's value of 20.07% is 394.9% above this industry median. Based on the distribution chart, Shanghai Microport Endovascular Medtech Co ranks #127 out of 758 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, Shanghai Microport Endovascular Medtech Co has a GF Score™ of 99/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Microport Endovascular Medtech Co's Return-on-Tangible-Equity compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Shanghai Microport Endovascular Medtech Co ranks #127 out of 758 companies for Return-on-Tangible-Equity. This places Shanghai Microport Endovascular Medtech Co in the top 17% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 4.06. Shanghai Microport Endovascular Medtech Co's value of 20.07% is 394.9% above this benchmark. Historically, Shanghai Microport Endovascular Medtech Co's own Return-on-Tangible-Equity has ranged from 16.06 to 77.93 over the past decade. While the company's 10-year median is 25.21 vs. the industry median of 4.06, Shanghai Microport Endovascular Medtech 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 Medical Devices & Instruments company?
The median Return-on-Tangible-Equity among Medical Devices & Instruments companies is 4.06, based on 758 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. Shanghai Microport Endovascular Medtech Co's current Return-on-Tangible-Equity of 20.07% is 394.9% 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 Shanghai Microport Endovascular Medtech Co and its competitors. For the Medical Devices & Instruments industry, the median Return-on-Tangible-Equity is 4.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Microport Endovascular Medtech Co's current Return-on-Tangible-Equity is 20.07%, which is 20% below median its own 10-year median of 25.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Microport Endovascular Medtech Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Microport Endovascular Medtech Co (SHSE:688016) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥120.81, compared to a current price of ¥91.37 — trading 24.4% below its estimated fair value. The current Return-on-Tangible-Equity is 20.07%, which is 20% below median its 10-year median of 25.21 and 394.9% above the Medical Devices & Instruments industry median of 4.06. Shanghai Microport Endovascular Medtech Co's overall GF Score™ is 99/100 with 3 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 Microport Endovascular Medtech Co (SHSE:688016), the current Return-on-Tangible-Equity is 20.07% 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 Microport Endovascular Medtech Co (SHSE:688016) Overvalued in 2026?
Based on GuruFocus' analysis, Shanghai Microport Endovascular Medtech Co stock appears to be undervalued.
The current stock price of ¥91.37 is trading 24.4% below its estimated GF Value™ of ¥120.81.
GuruFocus considers Shanghai Microport Endovascular Medtech Co to be Modestly Undervalued.
Key valuation signals for SHSE:688016:
Return-on-Tangible-Equity: 20.07% (20% below median its 10-year median of 25.21)
GF Value™: ¥120.81 vs. price of ¥91.37 (24.4% below fair value)
Industry Position: 394.9% above the Medical Devices & Instruments median (#127 of 758)
No single metric tells the full story. See the SHSE:688016 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shanghai Microport Endovascular Medtech Co Business Description
Shanghai Microport Endovascular Medtech Co Ltd is engaged in the Research, development, production and sales of interventional medical devices for the aorta and peripheral blood vessels.
99GF Score
Get the complete analysis for SHSE:688016
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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