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Ningbo Solartron Technology CoSHSE:688299 -3.68%73 Return-on-Tangible-Equity is 2.53% as of Mar. 2026, which is 75% below its 10-year median of 10.19. GuruFocus rates SHSE:688299 with a GF Score™ of 73/100 and a GF Value™ of ¥14.91 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,568 Chemicals companies, Ningbo Solartron Technology Co ranks worse than 84.31% 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. Ningbo Solartron Technology Co's annualized net income for the quarter that ended in Mar. 2026 was ¥45 Mil. Ningbo Solartron Technology Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥1,762 Mil. Therefore, Ningbo Solartron Technology Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 2.53%.
The historical rank and industry rank for Ningbo Solartron Technology Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:688299'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -7.95 Med: 10.19 Max: 30.25
Current: -7.95
During the past 12 years, Ningbo Solartron Technology Co's highest Return-on-Tangible-Equity was 30.25%. The lowest was -7.95%. And the median was 10.19%.
SHSE:688299's Return-on-Tangible-Equity is ranked worse than 84.31% of 1568
companies
in the Chemicals industry
Industry Median: 5.785
vs SHSE:688299: -7.95
Ningbo Solartron Technology Co (SHSE:688299) 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.
Ningbo Solartron Technology Co Return-on-Tangible-Equity Related Terms
Ningbo Solartron Technology 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.
Ningbo Solartron Technology Co Return-on-Tangible-Equity Chart
SHSE:688299 vs LIN, SHW, ECL: Return-on-Tangible-Equity Comparison
For the Specialty Chemicals subindustry, Ningbo Solartron Technology 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.
Ningbo Solartron Technology Co Return-on-Tangible-Equity vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Ningbo Solartron Technology Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Ningbo Solartron Technology 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 2.53% mean?
Ningbo Solartron Technology Co (SHSE:688299) has a Return-on-Tangible-Equity of 2.53% 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 Ningbo Solartron Technology Co and its competitors. This is 75% below median its historical median of 10.19. According to the industry distribution chart, Ningbo Solartron Technology Co ranks #1322 out of 1568 companies in the Chemicals industry, placing it in the top 84.3%.
Is Ningbo Solartron Technology Co's Return-on-Tangible-Equity too high?
Ningbo Solartron Technology Co's current Return-on-Tangible-Equity of 2.53% is 75% below median its 10-year median of 10.19. The Chemicals industry median Return-on-Tangible-Equity is 5.79. Ningbo Solartron Technology Co's value of 2.53% is 56.3% below this industry median. Based on the distribution chart, Ningbo Solartron Technology Co ranks #1322 out of 1568 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Ningbo Solartron Technology Co has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Solartron Technology Co's Return-on-Tangible-Equity compare to LIN and SHW?
According to the Chemicals industry distribution chart, Ningbo Solartron Technology Co ranks #1322 out of 1568 companies for Return-on-Tangible-Equity. This places Ningbo Solartron Technology Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.79. Ningbo Solartron Technology Co's value of 2.53% is 56.3% below this benchmark. While the company's 10-year median is 10.19 vs. the industry median of 5.79, Ningbo Solartron Technology 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 Chemicals company?
The median Return-on-Tangible-Equity among Chemicals companies is 5.79, based on 1,568 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. Ningbo Solartron Technology Co's current Return-on-Tangible-Equity of 2.53% is 56.3% 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 Ningbo Solartron Technology Co and its competitors. For the Chemicals industry, the median Return-on-Tangible-Equity is 5.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo Solartron Technology Co's current Return-on-Tangible-Equity is 2.53%, which is 75% below median its own 10-year median of 10.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Solartron Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Solartron Technology Co (SHSE:688299) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥14.91, compared to a current price of ¥11.25 — trading 24.5% below its estimated fair value. The current Return-on-Tangible-Equity is 2.53%, which is 75% below median its 10-year median of 10.19 and 56.3% below the Chemicals industry median of 5.79. Ningbo Solartron Technology Co's overall GF Score™ is 73/100 with 6 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 Ningbo Solartron Technology Co (SHSE:688299), the current Return-on-Tangible-Equity is 2.53% 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 Ningbo Solartron Technology Co (SHSE:688299) Overvalued in 2026?
Based on GuruFocus' analysis, Ningbo Solartron Technology Co stock appears to be undervalued.
The current stock price of ¥11.25 is trading 24.5% below its estimated GF Value™ of ¥14.91.
GuruFocus considers Ningbo Solartron Technology Co to be Modestly Undervalued.
Key valuation signals for SHSE:688299:
Return-on-Tangible-Equity: 2.53% (75% below median its 10-year median of 10.19)
GF Value™: ¥14.91 vs. price of ¥11.25 (24.5% below fair value)
Industry Position: 56.3% below the Chemicals median (#1322 of 1568)
No single metric tells the full story. See the SHSE:688299 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ningbo Solartron Technology Co Business Description
Ningbo Solartron Technology Co Ltd is mainly engaged in the research, development, production and sales of reflective film, backing base film, optical base film and other special functional films. The main products are reflective film, backing base film, optical base film and other high performance functional films. Used in liquid crystal display, semiconductor lighting, new energy, semiconductor flexible circuit boards and other fields.
73GF Score
Get the complete analysis for SHSE:688299
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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