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Shenzhen Qingyi PhotomaskSHSE:688138 -2.17%87 Return-on-Tangible-Equity is 8.17% as of Mar. 2026, which is 8% below its 10-year median of 8.91. GuruFocus rates SHSE:688138 with a GF Score™ of 87/100 and a GF Value™ of ¥31.69 (Fairly Valued). The stock has 4 warning signs investors should review. Among 2,383 Hardware companies, Shenzhen Qingyi Photomask ranks better than 59.67% 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. Shenzhen Qingyi Photomask's annualized net income for the quarter that ended in Mar. 2026 was ¥223 Mil. Shenzhen Qingyi Photomask's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥2,728 Mil. Therefore, Shenzhen Qingyi Photomask's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 8.17%.
The historical rank and industry rank for Shenzhen Qingyi Photomask's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:688138'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.8 Med: 8.91 Max: 12.65
Current: 7.84
During the past 13 years, Shenzhen Qingyi Photomask's highest Return-on-Tangible-Equity was 12.65%. The lowest was 3.80%. And the median was 8.91%.
SHSE:688138's Return-on-Tangible-Equity is ranked better than 59.67% of 2383
companies
in the Hardware industry
Industry Median: 5.36
vs SHSE:688138: 7.84
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.
Shenzhen Qingyi Photomask Return-on-Tangible-Equity Related Terms
Shenzhen Qingyi Photomask Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Shenzhen Qingyi Photomask's Return-on-Tangible-Equity can be seen below:
* 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.
SHSE:688138 vs APH, GLW: Return-on-Tangible-Equity Comparison
For the Electronic Components subindustry, Shenzhen Qingyi Photomask'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.
Shenzhen Qingyi Photomask Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Shenzhen Qingyi Photomask's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Shenzhen Qingyi Photomask'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 8.17% mean?
Shenzhen Qingyi Photomask (SHSE:688138) has a Return-on-Tangible-Equity of 8.17% 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 Shenzhen Qingyi Photomask and its competitors. This is near median its historical median of 8.91. Over the past decade, Shenzhen Qingyi Photomask's Return-on-Tangible-Equity has ranged from 3.80 to 12.65. According to the industry distribution chart, Shenzhen Qingyi Photomask ranks #961 out of 2383 companies in the Hardware industry, placing it in the top 40.3%.
Is Shenzhen Qingyi Photomask's Return-on-Tangible-Equity too high?
Shenzhen Qingyi Photomask's current Return-on-Tangible-Equity of 8.17% is near median its 10-year median of 8.91. Over the past 10 years, this metric has ranged from a low of 3.80 to a high of 12.65. The Hardware industry median Return-on-Tangible-Equity is 5.36. Shenzhen Qingyi Photomask's value of 8.17% is 52.4% above this industry median. Based on the distribution chart, Shenzhen Qingyi Photomask ranks #961 out of 2383 companies in the Hardware industry, which is above the industry midpoint. Overall, Shenzhen Qingyi Photomask has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shenzhen Qingyi Photomask's Return-on-Tangible-Equity compare to APH and GLW?
According to the Hardware industry distribution chart, Shenzhen Qingyi Photomask ranks #961 out of 2383 companies for Return-on-Tangible-Equity. This puts Shenzhen Qingyi Photomask in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.36. Shenzhen Qingyi Photomask's value of 8.17% is 52.4% above this benchmark. Historically, Shenzhen Qingyi Photomask's own Return-on-Tangible-Equity has ranged from 3.80 to 12.65 over the past decade. While the company's 10-year median is 8.91 vs. the industry median of 5.36, Shenzhen Qingyi Photomask 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 5.36, based on 2,383 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. Shenzhen Qingyi Photomask's current Return-on-Tangible-Equity of 8.17% is 52.4% 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 Shenzhen Qingyi Photomask and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shenzhen Qingyi Photomask's current Return-on-Tangible-Equity is 8.17%, which is near median its own 10-year median of 8.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shenzhen Qingyi Photomask stock overvalued right now?
Based on GuruFocus' analysis, Shenzhen Qingyi Photomask (SHSE:688138) is currently considered Fairly Valued. The stock's GF Value™ is ¥31.69, compared to a current price of ¥29.74 — trading 6.2% below its estimated fair value. The current Return-on-Tangible-Equity is 8.17%, which is near median its 10-year median of 8.91 and 52.4% above the Hardware industry median of 5.36. Shenzhen Qingyi Photomask's overall GF Score™ is 87/100 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 Shenzhen Qingyi Photomask (SHSE:688138), the current Return-on-Tangible-Equity is 8.17% 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 Shenzhen Qingyi Photomask (SHSE:688138) Overvalued in 2026?
Based on GuruFocus' analysis, Shenzhen Qingyi Photomask stock appears to be undervalued.
The current stock price of ¥29.74 is trading 6.2% below its estimated GF Value™ of ¥31.69.
GuruFocus considers Shenzhen Qingyi Photomask to be Fairly Valued.
Key valuation signals for SHSE:688138:
Return-on-Tangible-Equity: 8.17% (near median its 10-year median of 8.91)
GF Value™: ¥31.69 vs. price of ¥29.74 (6.2% below fair value)
Industry Position: 52.4% above the Hardware median (#961 of 2383)
No single metric tells the full story. See the SHSE:688138 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shenzhen Qingyi Photomask Ltd is a manufacturer of high precision mask that integrates research, design, production and sales with the technology in China. Its products include TFT, color STN, STN and TNLCD chrome plate mask, EL, OLED chrome plate mask; PDP, VFD chrome plate mask, and IC capsulation, HDI, including chrome plate mask and dry mask, such as BGA, CSP, and BUMPING.
87GF Score
Get the complete analysis for SHSE:688138
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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