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.
SHSE:688128's Return-on-Tangible-Equity is ranked better than 80.05% of 2973
companies
in the Industrial Products industry
Industry Median: 6.79
vs SHSE:688128: 16.57
China National Electric Apparatus Research Institute Co (SHSE:688128) 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.
China National Electric Apparatus Research Institute Co Return-on-Tangible-Equity Related Terms
China National Electric Apparatus Research Institute 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.
China National Electric Apparatus Research Institute Co Return-on-Tangible-Equity Chart
China National Electric Apparatus Research Institute Co Annual Data
SHSE:688128 vs VRT, BE: Return-on-Tangible-Equity Comparison
For the Electrical Equipment & Parts subindustry, China National Electric Apparatus Research Institute 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.
China National Electric Apparatus Research Institute Co Return-on-Tangible-Equity vs Industrial Products Industry
* 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 15.80% mean?
China National Electric Apparatus Research Institute Co (SHSE:688128) has a Return-on-Tangible-Equity of 15.80% 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 China National Electric Apparatus Research Institute Co and its competitors. This is near median its historical median of 16.33. Over the past decade, China National Electric Apparatus Research Institute Co's Return-on-Tangible-Equity has ranged from 13.41 to 44.93. According to the industry distribution chart, China National Electric Apparatus Research Institute Co ranks #593 out of 2973 companies in the Industrial Products industry, placing it in the top 19.9%.
Is China National Electric Apparatus Research Institute Co's Return-on-Tangible-Equity too high?
China National Electric Apparatus Research Institute Co's current Return-on-Tangible-Equity of 15.80% is near median its 10-year median of 16.33. Over the past 10 years, this metric has ranged from a low of 13.41 to a high of 44.93. The Industrial Products industry median Return-on-Tangible-Equity is 6.79. China National Electric Apparatus Research Institute Co's value of 15.80% is 132.7% above this industry median. Based on the distribution chart, China National Electric Apparatus Research Institute Co ranks #593 out of 2973 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, China National Electric Apparatus Research Institute Co has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does China National Electric Apparatus Research Institute Co's Return-on-Tangible-Equity compare to VRT and BE?
According to the Industrial Products industry distribution chart, China National Electric Apparatus Research Institute Co ranks #593 out of 2973 companies for Return-on-Tangible-Equity. This places China National Electric Apparatus Research Institute Co in the top 20% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.79. China National Electric Apparatus Research Institute Co's value of 15.80% is 132.7% above this benchmark. Historically, China National Electric Apparatus Research Institute Co's own Return-on-Tangible-Equity has ranged from 13.41 to 44.93 over the past decade. While the company's 10-year median is 16.33 vs. the industry median of 6.79, China National Electric Apparatus Research Institute 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 an Industrial Products company?
The median Return-on-Tangible-Equity among Industrial Products companies is 6.79, based on 2,973 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. China National Electric Apparatus Research Institute Co's current Return-on-Tangible-Equity of 15.80% is 132.7% 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 China National Electric Apparatus Research Institute Co and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China National Electric Apparatus Research Institute Co's current Return-on-Tangible-Equity is 15.80%, which is near median its own 10-year median of 16.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China National Electric Apparatus Research Institute Co stock overvalued right now?
Based on GuruFocus' analysis, China National Electric Apparatus Research Institute Co (SHSE:688128) is currently considered Fairly Valued. The stock's GF Value™ is ¥25.03, compared to a current price of ¥22.78 — trading 9% below its estimated fair value. The current Return-on-Tangible-Equity is 15.80%, which is near median its 10-year median of 16.33 and 132.7% above the Industrial Products industry median of 6.79. China National Electric Apparatus Research Institute Co's overall GF Score™ is 90/100 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 China National Electric Apparatus Research Institute Co (SHSE:688128), the current Return-on-Tangible-Equity is 15.80% 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 China National Electric Apparatus Research Institute Co (SHSE:688128) Overvalued in 2026?
Based on GuruFocus' analysis, China National Electric Apparatus Research Institute Co stock appears to be undervalued.
The current stock price of ¥22.78 is trading 9% below its estimated GF Value™ of ¥25.03.
GuruFocus considers China National Electric Apparatus Research Institute Co to be Fairly Valued.
Key valuation signals for SHSE:688128:
Return-on-Tangible-Equity: 15.80% (near median its 10-year median of 16.33)
GF Value™: ¥25.03 vs. price of ¥22.78 (9% below fair value)
Industry Position: 132.7% above the Industrial Products median (#593 of 2973)
No single metric tells the full story. See the SHSE:688128 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China National Electric Apparatus Research Institute Co Ltd is a national innovative science-and-technology enterprise. It is characterized with an integration of three core business sectors namely scientific research and development, science and technology service, as well as science and technology industry.
90GF Score
Get the complete analysis for SHSE:688128
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:688128 has been successfully added to your 
