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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 PIA Automation Holding's annualized net income for the quarter that ended in Mar. 2026 was ¥-137 Mil. Ningbo PIA Automation Holding's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥989 Mil. Therefore, Ningbo PIA Automation Holding's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -13.87%.
The historical rank and industry rank for Ningbo PIA Automation Holding's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:688306'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -18.22 Med: 1.01 Max: 8.71
Current: 0.82
During the past 9 years, Ningbo PIA Automation Holding's highest Return-on-Tangible-Equity was 8.71%. The lowest was -18.22%. And the median was 1.01%.
SHSE:688306's Return-on-Tangible-Equity is ranked worse than 77.13% of 1281
companies
in the Vehicles & Parts industry
Industry Median: 7.58
vs SHSE:688306: 0.82
Ningbo PIA Automation Holding (SHSE:688306) 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 PIA Automation Holding Return-on-Tangible-Equity Related Terms
Ningbo PIA Automation Holding 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 PIA Automation Holding Return-on-Tangible-Equity Chart
SHSE:688306 vs ORLY, AZO: Return-on-Tangible-Equity Comparison
For the Auto Parts subindustry, Ningbo PIA Automation Holding'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 PIA Automation Holding Return-on-Tangible-Equity vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Ningbo PIA Automation Holding's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Ningbo PIA Automation Holding'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 -13.87% mean?
Ningbo PIA Automation Holding (SHSE:688306) has a Return-on-Tangible-Equity of -13.87% 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 PIA Automation Holding and its competitors. According to the industry distribution chart, Ningbo PIA Automation Holding ranks #988 out of 1281 companies in the Vehicles & Parts industry, placing it in the top 77.1%.
Is Ningbo PIA Automation Holding's Return-on-Tangible-Equity too high?
Ningbo PIA Automation Holding's current Return-on-Tangible-Equity is -13.87%. Based on the distribution chart, Ningbo PIA Automation Holding ranks #988 out of 1281 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Ningbo PIA Automation Holding has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ningbo PIA Automation Holding's Return-on-Tangible-Equity compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Ningbo PIA Automation Holding ranks #988 out of 1281 companies for Return-on-Tangible-Equity. This places Ningbo PIA Automation Holding in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.58. 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 Vehicles & Parts company?
The median Return-on-Tangible-Equity among Vehicles & Parts companies is 7.58, based on 1,281 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. 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 PIA Automation Holding and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Equity is 7.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo PIA Automation Holding's current Return-on-Tangible-Equity is -13.87%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo PIA Automation Holding stock overvalued right now?
Based on GuruFocus' analysis, Ningbo PIA Automation Holding (SHSE:688306) is currently considered Fairly Valued. The stock's GF Value™ is ¥7.86, compared to a current price of ¥8.58 — trading 9.2% above its estimated fair value. The current Return-on-Tangible-Equity is -13.87%. Ningbo PIA Automation Holding's overall GF Score™ is 67/100 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 PIA Automation Holding (SHSE:688306), the current Return-on-Tangible-Equity is -13.87% 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 PIA Automation Holding (SHSE:688306) Overvalued in 2026?
Based on GuruFocus' analysis, Ningbo PIA Automation Holding stock appears to be overvalued.
The current stock price of ¥8.58 is trading 9.2% above its estimated GF Value™ of ¥7.86.
GuruFocus considers Ningbo PIA Automation Holding to be Fairly Valued.
Key valuation signals for SHSE:688306:
Return-on-Tangible-Equity: -13.87%
GF Value™: ¥7.86 vs. price of ¥8.58 (9.2% above fair value)
No single metric tells the full story. See the SHSE:688306 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ningbo PIA Automation Holding Business Description
Ningbo PIA Automation Holding Corp is engaged in the research and development, production, sales and service of complete sets of customized assembly and inspection intelligent manufacturing equipment and digital software.
67GF Score
Get the complete analysis for SHSE:688306
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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