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The historical rank and industry rank for Careray Digital Medical Technology Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:688607'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -2.31 Med: 11.14 Max: 23.68
Current: -2.31
During the past 9 years, Careray Digital Medical Technology Co's highest Return-on-Tangible-Equity was 23.68%. The lowest was -2.31%. And the median was 11.14%.
SHSE:688607's Return-on-Tangible-Equity is ranked worse than 60.95% of 758
companies
in the Medical Devices & Instruments industry
Industry Median: 4.055
vs SHSE:688607: -2.31
Careray Digital Medical Technology Co (SHSE:688607) 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.
Careray Digital Medical Technology Co Return-on-Tangible-Equity Related Terms
Careray Digital Medical 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.
Careray Digital Medical Technology Co Return-on-Tangible-Equity Chart
SHSE:688607 vs ABT, SYK, MDT: Return-on-Tangible-Equity Comparison
For the Medical Devices subindustry, Careray Digital Medical 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.
Careray Digital Medical Technology Co Return-on-Tangible-Equity vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Careray Digital Medical Technology Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Careray Digital Medical 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 -7.70% mean?
Careray Digital Medical Technology Co (SHSE:688607) has a Return-on-Tangible-Equity of -7.70% 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 Careray Digital Medical Technology Co and its competitors. According to the industry distribution chart, Careray Digital Medical Technology Co ranks #462 out of 758 companies in the Medical Devices & Instruments industry, placing it in the top 60.9%.
Is Careray Digital Medical Technology Co's Return-on-Tangible-Equity too high?
Careray Digital Medical Technology Co's current Return-on-Tangible-Equity is -7.70%. Based on the distribution chart, Careray Digital Medical Technology Co ranks #462 out of 758 companies in the Medical Devices & Instruments industry, which is below the industry midpoint. Overall, Careray Digital Medical Technology Co has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Careray Digital Medical Technology Co's Return-on-Tangible-Equity compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Careray Digital Medical Technology Co ranks #462 out of 758 companies for Return-on-Tangible-Equity. This places Careray Digital Medical Technology Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 4.06. 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 Medical Devices & Instruments company?
The median Return-on-Tangible-Equity among Medical Devices & Instruments companies is 4.06, based on 758 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 Careray Digital Medical Technology Co and its competitors. For the Medical Devices & Instruments industry, the median Return-on-Tangible-Equity is 4.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Careray Digital Medical Technology Co's current Return-on-Tangible-Equity is -7.70%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Careray Digital Medical Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Careray Digital Medical Technology Co (SHSE:688607) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥29.86, compared to a current price of ¥36.23 — trading 21.3% above its estimated fair value. The current Return-on-Tangible-Equity is -7.70%. Careray Digital Medical 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 Careray Digital Medical Technology Co (SHSE:688607), the current Return-on-Tangible-Equity is -7.70% 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 Careray Digital Medical Technology Co (SHSE:688607) Overvalued in 2026?
Based on GuruFocus' analysis, Careray Digital Medical Technology Co stock appears to be overvalued.
The current stock price of ¥36.23 is trading 21.3% above its estimated GF Value™ of ¥29.86.
GuruFocus considers Careray Digital Medical Technology Co to be Modestly Overvalued.
Key valuation signals for SHSE:688607:
Return-on-Tangible-Equity: -7.70%
GF Value™: ¥29.86 vs. price of ¥36.23 (21.3% above fair value)
No single metric tells the full story. See the SHSE:688607 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Careray Digital Medical Technology Co Business Description
Careray Digital Medical Technology Co Ltd is engaged in the development and production of digital X-ray flat panel detectors, which are widely used in medical, pet, security, and industrial imaging diagnostic products. The product portfolio includes radiography, mammography, fluoroscopy, dental products, and other accessories.
73GF Score
Get the complete analysis for SHSE:688607
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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