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China Micro Semicon (Shenzhen)SHSE:688380 -2.86%81 Return-on-Tangible-Equity is 6.46% as of Mar. 2026, which is 57% below its 10-year median of 15.09. GuruFocus rates SHSE:688380 with a GF Score™ of 81/100 and a GF Value™ of ¥43.06 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 985 Semiconductors companies, China Micro Semicon (Shenzhen) ranks better than 64.97% 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. China Micro Semicon (Shenzhen)'s annualized net income for the quarter that ended in Mar. 2026 was ¥205 Mil. China Micro Semicon (Shenzhen)'s average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥3,173 Mil. Therefore, China Micro Semicon (Shenzhen)'s annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 6.46%.
The historical rank and industry rank for China Micro Semicon (Shenzhen)'s Return-on-Tangible-Equity or its related term are showing as below:
SHSE:688380'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -0.72 Med: 15.09 Max: 88.18
Current: 9.83
During the past 8 years, China Micro Semicon (Shenzhen)'s highest Return-on-Tangible-Equity was 88.18%. The lowest was -0.72%. And the median was 15.09%.
SHSE:688380's Return-on-Tangible-Equity is ranked better than 64.97% of 985
companies
in the Semiconductors industry
Industry Median: 5.31
vs SHSE:688380: 9.83
China Micro Semicon (Shenzhen) (SHSE:688380) 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 Micro Semicon (Shenzhen) Return-on-Tangible-Equity Related Terms
China Micro Semicon (Shenzhen) 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 Micro Semicon (Shenzhen) Return-on-Tangible-Equity Chart
SHSE:688380 vs NVDA, AVGO, MU: Return-on-Tangible-Equity Comparison
For the Semiconductors subindustry, China Micro Semicon (Shenzhen)'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 Micro Semicon (Shenzhen) Return-on-Tangible-Equity vs Semiconductors Industry
For the Semiconductors industry and Technology sector, China Micro Semicon (Shenzhen)'s Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where China Micro Semicon (Shenzhen)'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 6.46% mean?
China Micro Semicon (Shenzhen) (SHSE:688380) has a Return-on-Tangible-Equity of 6.46% 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 Micro Semicon (Shenzhen) and its competitors. This is 57% below median its historical median of 15.09. According to the industry distribution chart, China Micro Semicon (Shenzhen) ranks #345 out of 985 companies in the Semiconductors industry, placing it in the top 35%.
Is China Micro Semicon (Shenzhen)'s Return-on-Tangible-Equity too high?
China Micro Semicon (Shenzhen)'s current Return-on-Tangible-Equity of 6.46% is 57% below median its 10-year median of 15.09. The Semiconductors industry median Return-on-Tangible-Equity is 5.31. China Micro Semicon (Shenzhen)'s value of 6.46% is 21.7% above this industry median. Based on the distribution chart, China Micro Semicon (Shenzhen) ranks #345 out of 985 companies in the Semiconductors industry, which is above the industry midpoint. Overall, China Micro Semicon (Shenzhen) has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Micro Semicon (Shenzhen)'s Return-on-Tangible-Equity compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, China Micro Semicon (Shenzhen) ranks #345 out of 985 companies for Return-on-Tangible-Equity. This puts China Micro Semicon (Shenzhen) in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.31. China Micro Semicon (Shenzhen)'s value of 6.46% is 21.7% above this benchmark. While the company's 10-year median is 15.09 vs. the industry median of 5.31, China Micro Semicon (Shenzhen) 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 Semiconductors company?
The median Return-on-Tangible-Equity among Semiconductors companies is 5.31, based on 985 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 Micro Semicon (Shenzhen)'s current Return-on-Tangible-Equity of 6.46% is 21.7% 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 Micro Semicon (Shenzhen) and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Equity is 5.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Micro Semicon (Shenzhen)'s current Return-on-Tangible-Equity is 6.46%, which is 57% below median its own 10-year median of 15.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Micro Semicon (Shenzhen) stock overvalued right now?
Based on GuruFocus' analysis, China Micro Semicon (Shenzhen) (SHSE:688380) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥43.06, compared to a current price of ¥38.08 — trading 11.6% below its estimated fair value. The current Return-on-Tangible-Equity is 6.46%, which is 57% below median its 10-year median of 15.09 and 21.7% above the Semiconductors industry median of 5.31. China Micro Semicon (Shenzhen)'s overall GF Score™ is 81/100 with 3 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 Micro Semicon (Shenzhen) (SHSE:688380), the current Return-on-Tangible-Equity is 6.46% 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 Micro Semicon (Shenzhen) (SHSE:688380) Overvalued in 2026?
Based on GuruFocus' analysis, China Micro Semicon (Shenzhen) stock appears to be undervalued.
The current stock price of ¥38.08 is trading 11.6% below its estimated GF Value™ of ¥43.06.
GuruFocus considers China Micro Semicon (Shenzhen) to be Modestly Undervalued.
Key valuation signals for SHSE:688380:
Return-on-Tangible-Equity: 6.46% (57% below median its 10-year median of 15.09)
GF Value™: ¥43.06 vs. price of ¥38.08 (11.6% below fair value)
Industry Position: 21.7% above the Semiconductors median (#345 of 985)
No single metric tells the full story. See the SHSE:688380 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Micro Semicon (Shenzhen) Business Description
China Micro Semicon (Shenzhen) Ltd is engaged in the research and development, design, and sales of digital-analog mixed-signal chips and analog chips.
81GF Score
Get the complete analysis for SHSE:688380
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