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Qingdao NovelBeam Technology CoSHSE:688677 -0.47%90 Return-on-Tangible-Equity is 14.16% as of Mar. 2026, which is 40% below its 10-year median of 23.51. GuruFocus rates SHSE:688677 with a GF Score™ of 90/100 and a GF Value™ of ¥63.03 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 758 Medical Devices & Instruments companies, Qingdao NovelBeam Technology Co ranks better than 73.75% 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. Qingdao NovelBeam Technology Co's annualized net income for the quarter that ended in Mar. 2026 was ¥188.8 Mil. Qingdao NovelBeam Technology Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥1,333.5 Mil. Therefore, Qingdao NovelBeam Technology Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 14.16%.
The historical rank and industry rank for Qingdao NovelBeam Technology Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:688677'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 10.69 Med: 23.51 Max: 40.97
Current: 13.2
During the past 13 years, Qingdao NovelBeam Technology Co's highest Return-on-Tangible-Equity was 40.97%. The lowest was 10.69%. And the median was 23.51%.
SHSE:688677's Return-on-Tangible-Equity is ranked better than 73.75% of 758
companies
in the Medical Devices & Instruments industry
Industry Median: 4.08
vs SHSE:688677: 13.20
Qingdao NovelBeam Technology Co (SHSE:688677) 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.
Qingdao NovelBeam Technology Co Return-on-Tangible-Equity Related Terms
Qingdao NovelBeam 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.
Qingdao NovelBeam Technology Co Return-on-Tangible-Equity Chart
SHSE:688677 vs ISRG, BDX, MDLN: Return-on-Tangible-Equity Comparison
For the Medical Instruments & Supplies subindustry, Qingdao NovelBeam 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.
Qingdao NovelBeam Technology Co Return-on-Tangible-Equity vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Qingdao NovelBeam Technology Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Qingdao NovelBeam 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 14.16% mean?
Qingdao NovelBeam Technology Co (SHSE:688677) has a Return-on-Tangible-Equity of 14.16% 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 Qingdao NovelBeam Technology Co and its competitors. This is 40% below median its historical median of 23.51. Over the past decade, Qingdao NovelBeam Technology Co's Return-on-Tangible-Equity has ranged from 10.69 to 40.97. According to the industry distribution chart, Qingdao NovelBeam Technology Co ranks #199 out of 758 companies in the Medical Devices & Instruments industry, placing it in the top 26.3%.
Is Qingdao NovelBeam Technology Co's Return-on-Tangible-Equity too high?
Qingdao NovelBeam Technology Co's current Return-on-Tangible-Equity of 14.16% is 40% below median its 10-year median of 23.51. Over the past 10 years, this metric has ranged from a low of 10.69 to a high of 40.97. The Medical Devices & Instruments industry median Return-on-Tangible-Equity is 4.08. Qingdao NovelBeam Technology Co's value of 14.16% is 247.1% above this industry median. Based on the distribution chart, Qingdao NovelBeam Technology Co ranks #199 out of 758 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, Qingdao NovelBeam Technology Co has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Qingdao NovelBeam Technology Co's Return-on-Tangible-Equity compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, Qingdao NovelBeam Technology Co ranks #199 out of 758 companies for Return-on-Tangible-Equity. This puts Qingdao NovelBeam Technology Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 4.08. Qingdao NovelBeam Technology Co's value of 14.16% is 247.1% above this benchmark. Historically, Qingdao NovelBeam Technology Co's own Return-on-Tangible-Equity has ranged from 10.69 to 40.97 over the past decade. While the company's 10-year median is 23.51 vs. the industry median of 4.08, Qingdao NovelBeam Technology 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 a Medical Devices & Instruments company?
The median Return-on-Tangible-Equity among Medical Devices & Instruments companies is 4.08, 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. Qingdao NovelBeam Technology Co's current Return-on-Tangible-Equity of 14.16% is 247.1% 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 Qingdao NovelBeam Technology Co and its competitors. For the Medical Devices & Instruments industry, the median Return-on-Tangible-Equity is 4.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Qingdao NovelBeam Technology Co's current Return-on-Tangible-Equity is 14.16%, which is 40% below median its own 10-year median of 23.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qingdao NovelBeam Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Qingdao NovelBeam Technology Co (SHSE:688677) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥63.03, compared to a current price of ¥72.48 — trading 15% above its estimated fair value. The current Return-on-Tangible-Equity is 14.16%, which is 40% below median its 10-year median of 23.51 and 247.1% above the Medical Devices & Instruments industry median of 4.08. Qingdao NovelBeam Technology Co's overall GF Score™ is 90/100 with 4 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 Qingdao NovelBeam Technology Co (SHSE:688677), the current Return-on-Tangible-Equity is 14.16% 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 Qingdao NovelBeam Technology Co (SHSE:688677) Overvalued in 2026?
Based on GuruFocus' analysis, Qingdao NovelBeam Technology Co stock appears to be overvalued.
The current stock price of ¥72.48 is trading 15% above its estimated GF Value™ of ¥63.03.
GuruFocus considers Qingdao NovelBeam Technology Co to be Modestly Overvalued.
Key valuation signals for SHSE:688677:
Return-on-Tangible-Equity: 14.16% (40% below median its 10-year median of 23.51)
GF Value™: ¥63.03 vs. price of ¥72.48 (15% above fair value)
Industry Position: 247.1% above the Medical Devices & Instruments median (#199 of 758)
No single metric tells the full story. See the SHSE:688677 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Qingdao NovelBeam Technology Co Business Description
Qingdao NovelBeam Technology Co Ltd is engaged in the research and development, production and sales of medical endoscope equipment and optical products. The product portfolio of the group includes Endoscope, Camera coupler, Camera lens, Medical optics, Biometrics and others.
90GF Score
Get the complete analysis for SHSE:688677
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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