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Neway CNC Equipment (Suzhou) CoSHSE:688697 +0.62%94 Return-on-Tangible-Equity is 14.90% as of Mar. 2026, which is 28% below its 10-year median of 20.66. GuruFocus rates SHSE:688697 with a GF Score™ of 94/100 and a GF Value™ of ¥13.06 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,972 Industrial Products companies, Neway CNC Equipment (Suzhou) Co ranks better than 82.91% on this metric.
The historical rank and industry rank for Neway CNC Equipment (Suzhou) Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:688697'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 9.09 Med: 20.66 Max: 26.57
Current: 18.11
During the past 9 years, Neway CNC Equipment (Suzhou) Co's highest Return-on-Tangible-Equity was 26.57%. The lowest was 9.09%. And the median was 20.66%.
SHSE:688697's Return-on-Tangible-Equity is ranked better than 82.91% of 2972
companies
in the Industrial Products industry
Industry Median: 6.78
vs SHSE:688697: 18.11
Neway CNC Equipment (Suzhou) Co (SHSE:688697) 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.
Neway CNC Equipment (Suzhou) Co Return-on-Tangible-Equity Related Terms
Neway CNC Equipment (Suzhou) 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.
Neway CNC Equipment (Suzhou) Co Return-on-Tangible-Equity Chart
SHSE:688697 vs GEV, ETN, PH: Return-on-Tangible-Equity Comparison
For the Specialty Industrial Machinery subindustry, Neway CNC Equipment (Suzhou) 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.
Neway CNC Equipment (Suzhou) Co Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Neway CNC Equipment (Suzhou) Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Neway CNC Equipment (Suzhou) 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 14.90% mean?
Neway CNC Equipment (Suzhou) Co (SHSE:688697) has a Return-on-Tangible-Equity of 14.90% 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 Neway CNC Equipment (Suzhou) Co and its competitors. This is 28% below median its historical median of 20.66. Over the past decade, Neway CNC Equipment (Suzhou) Co's Return-on-Tangible-Equity has ranged from 9.09 to 26.57. According to the industry distribution chart, Neway CNC Equipment (Suzhou) Co ranks #508 out of 2972 companies in the Industrial Products industry, placing it in the top 17.1%.
Is Neway CNC Equipment (Suzhou) Co's Return-on-Tangible-Equity too high?
Neway CNC Equipment (Suzhou) Co's current Return-on-Tangible-Equity of 14.90% is 28% below median its 10-year median of 20.66. Over the past 10 years, this metric has ranged from a low of 9.09 to a high of 26.57. The Industrial Products industry median Return-on-Tangible-Equity is 6.78. Neway CNC Equipment (Suzhou) Co's value of 14.90% is 119.8% above this industry median. Based on the distribution chart, Neway CNC Equipment (Suzhou) Co ranks #508 out of 2972 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Neway CNC Equipment (Suzhou) Co has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Neway CNC Equipment (Suzhou) Co's Return-on-Tangible-Equity compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Neway CNC Equipment (Suzhou) Co ranks #508 out of 2972 companies for Return-on-Tangible-Equity. This places Neway CNC Equipment (Suzhou) Co in the top 17% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.78. Neway CNC Equipment (Suzhou) Co's value of 14.90% is 119.8% above this benchmark. Historically, Neway CNC Equipment (Suzhou) Co's own Return-on-Tangible-Equity has ranged from 9.09 to 26.57 over the past decade. While the company's 10-year median is 20.66 vs. the industry median of 6.78, Neway CNC Equipment (Suzhou) 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 2,972 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. Neway CNC Equipment (Suzhou) Co's current Return-on-Tangible-Equity of 14.90% is 119.8% 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 Neway CNC Equipment (Suzhou) 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. Neway CNC Equipment (Suzhou) Co's current Return-on-Tangible-Equity is 14.90%, which is 28% below median its own 10-year median of 20.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Neway CNC Equipment (Suzhou) Co stock overvalued right now?
Based on GuruFocus' analysis, Neway CNC Equipment (Suzhou) Co (SHSE:688697) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥13.06, compared to a current price of ¥11.43 — trading 12.5% below its estimated fair value. The current Return-on-Tangible-Equity is 14.90%, which is 28% below median its 10-year median of 20.66 and 119.8% above the Industrial Products industry median of 6.78. Neway CNC Equipment (Suzhou) Co's overall GF Score™ is 94/100 with 2 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 Neway CNC Equipment (Suzhou) Co (SHSE:688697), the current Return-on-Tangible-Equity is 14.90% 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 Neway CNC Equipment (Suzhou) Co (SHSE:688697) Overvalued in 2026?
Based on GuruFocus' analysis, Neway CNC Equipment (Suzhou) Co stock appears to be undervalued.
The current stock price of ¥11.43 is trading 12.5% below its estimated GF Value™ of ¥13.06.
GuruFocus considers Neway CNC Equipment (Suzhou) Co to be Modestly Undervalued.
Key valuation signals for SHSE:688697:
Return-on-Tangible-Equity: 14.90% (28% below median its 10-year median of 20.66)
GF Value™: ¥13.06 vs. price of ¥11.43 (12.5% below fair value)
Industry Position: 119.8% above the Industrial Products median (#508 of 2972)
No single metric tells the full story. See the SHSE:688697 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Neway CNC Equipment (Suzhou) Co Business Description
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