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OKE Precision Cutting Tools CoSHSE:688308 +4.92%68 Return-on-Tangible-Equity is 31.04% as of Mar. 2026, which is 175% above its 10-year median of 11.28. GuruFocus rates SHSE:688308 with a GF Score™ of 68/100 and a GF Value™ of ¥46.52 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 2,974 Industrial Products companies, OKE Precision Cutting Tools Co ranks better than 69.5% 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. OKE Precision Cutting Tools Co's annualized net income for the quarter that ended in Mar. 2026 was ¥816 Mil. OKE Precision Cutting Tools Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥2,628 Mil. Therefore, OKE Precision Cutting Tools Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 31.04%.
The historical rank and industry rank for OKE Precision Cutting Tools Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:688308'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.34 Med: 11.28 Max: 16.75
Current: 11.86
During the past 9 years, OKE Precision Cutting Tools Co's highest Return-on-Tangible-Equity was 16.75%. The lowest was 2.34%. And the median was 11.28%.
SHSE:688308's Return-on-Tangible-Equity is ranked better than 69.5% of 2974
companies
in the Industrial Products industry
Industry Median: 6.775
vs SHSE:688308: 11.86
OKE Precision Cutting Tools Co (SHSE:688308) 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.
OKE Precision Cutting Tools Co Return-on-Tangible-Equity Related Terms
OKE Precision Cutting Tools 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.
OKE Precision Cutting Tools Co Return-on-Tangible-Equity Chart
SHSE:688308 vs SNA, RBC, SWK: Return-on-Tangible-Equity Comparison
For the Tools & Accessories subindustry, OKE Precision Cutting Tools 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.
OKE Precision Cutting Tools Co Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, OKE Precision Cutting Tools Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where OKE Precision Cutting Tools 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 31.04% mean?
OKE Precision Cutting Tools Co (SHSE:688308) has a Return-on-Tangible-Equity of 31.04% 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 OKE Precision Cutting Tools Co and its competitors. This is 175% above median its historical median of 11.28. Over the past decade, OKE Precision Cutting Tools Co's Return-on-Tangible-Equity has ranged from 2.34 to 16.75. According to the industry distribution chart, OKE Precision Cutting Tools Co ranks #907 out of 2974 companies in the Industrial Products industry, placing it in the top 30.5%.
Is OKE Precision Cutting Tools Co's Return-on-Tangible-Equity too high?
OKE Precision Cutting Tools Co's current Return-on-Tangible-Equity of 31.04% is 175% above median its 10-year median of 11.28. Over the past 10 years, this metric has ranged from a low of 2.34 to a high of 16.75. The Industrial Products industry median Return-on-Tangible-Equity is 6.78. OKE Precision Cutting Tools Co's value of 31.04% is 358.2% above this industry median. Based on the distribution chart, OKE Precision Cutting Tools Co ranks #907 out of 2974 companies in the Industrial Products industry, which is above the industry midpoint. Overall, OKE Precision Cutting Tools Co has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does OKE Precision Cutting Tools Co's Return-on-Tangible-Equity compare to SNA and RBC?
According to the Industrial Products industry distribution chart, OKE Precision Cutting Tools Co ranks #907 out of 2974 companies for Return-on-Tangible-Equity. This puts OKE Precision Cutting Tools Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.78. OKE Precision Cutting Tools Co's value of 31.04% is 358.2% above this benchmark. Historically, OKE Precision Cutting Tools Co's own Return-on-Tangible-Equity has ranged from 2.34 to 16.75 over the past decade. While the company's 10-year median is 11.28 vs. the industry median of 6.78, OKE Precision Cutting Tools 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 6.78, based on 2,974 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. OKE Precision Cutting Tools Co's current Return-on-Tangible-Equity of 31.04% is 358.2% 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 OKE Precision Cutting Tools Co and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. OKE Precision Cutting Tools Co's current Return-on-Tangible-Equity is 31.04%, which is 175% above median its own 10-year median of 11.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OKE Precision Cutting Tools Co stock overvalued right now?
Based on GuruFocus' analysis, OKE Precision Cutting Tools Co (SHSE:688308) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥46.52, compared to a current price of ¥96.54 — trading 107.5% above its estimated fair value. The current Return-on-Tangible-Equity is 31.04%, which is 175% above median its 10-year median of 11.28 and 358.2% above the Industrial Products industry median of 6.78. OKE Precision Cutting Tools Co's overall GF Score™ is 68/100 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 OKE Precision Cutting Tools Co (SHSE:688308), the current Return-on-Tangible-Equity is 31.04% 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 OKE Precision Cutting Tools Co (SHSE:688308) Overvalued in 2026?
Based on GuruFocus' analysis, OKE Precision Cutting Tools Co stock appears to be overvalued.
The current stock price of ¥96.54 is trading 107.5% above its estimated GF Value™ of ¥46.52.
GuruFocus considers OKE Precision Cutting Tools Co to be Significantly Overvalued.
Key valuation signals for SHSE:688308:
Return-on-Tangible-Equity: 31.04% (175% above median its 10-year median of 11.28)
GF Value™: ¥46.52 vs. price of ¥96.54 (107.5% above fair value)
Industry Position: 358.2% above the Industrial Products median (#907 of 2974)
No single metric tells the full story. See the SHSE:688308 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
OKE Precision Cutting Tools Co Business Description
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