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Wave Cyber (Shanghai) CoSHSE:688718 -2.51%83 Return-on-Tangible-Equity is 5.38% as of Mar. 2026, which is 48% below its 10-year median of 10.32. GuruFocus rates SHSE:688718 with a GF Score™ of 83/100 and a GF Value™ of ¥15.04 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 225 Waste Management companies, Wave Cyber (Shanghai) Co ranks worse than 56% 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. Wave Cyber (Shanghai) Co's annualized net income for the quarter that ended in Mar. 2026 was ¥39.8 Mil. Wave Cyber (Shanghai) Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥740.7 Mil. Therefore, Wave Cyber (Shanghai) Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 5.38%.
The historical rank and industry rank for Wave Cyber (Shanghai) Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:688718'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.95 Med: 10.32 Max: 17.96
Current: 6.91
During the past 9 years, Wave Cyber (Shanghai) Co's highest Return-on-Tangible-Equity was 17.96%. The lowest was 4.95%. And the median was 10.32%.
SHSE:688718's Return-on-Tangible-Equity is ranked worse than 56% of 225
companies
in the Waste Management industry
Industry Median: 9.67
vs SHSE:688718: 6.91
Wave Cyber (Shanghai) Co (SHSE:688718) 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.
Wave Cyber (Shanghai) Co Return-on-Tangible-Equity Related Terms
Wave Cyber (Shanghai) Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Wave Cyber (Shanghai) Co's Return-on-Tangible-Equity can be seen below:
* 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.
Wave Cyber (Shanghai) Co Return-on-Tangible-Equity Chart
SHSE:688718 vs WM, RSG, WCN: Return-on-Tangible-Equity Comparison
For the Waste Management subindustry, Wave Cyber (Shanghai) 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.
Wave Cyber (Shanghai) Co Return-on-Tangible-Equity vs Waste Management Industry
For the Waste Management industry and Industrials sector, Wave Cyber (Shanghai) Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Wave Cyber (Shanghai) 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 5.38% mean?
Wave Cyber (Shanghai) Co (SHSE:688718) has a Return-on-Tangible-Equity of 5.38% 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 Wave Cyber (Shanghai) Co and its competitors. This is 48% below median its historical median of 10.32. Over the past decade, Wave Cyber (Shanghai) Co's Return-on-Tangible-Equity has ranged from 4.95 to 17.96. According to the industry distribution chart, Wave Cyber (Shanghai) Co ranks #126 out of 225 companies in the Waste Management industry, placing it in the top 56%.
Is Wave Cyber (Shanghai) Co's Return-on-Tangible-Equity too high?
Wave Cyber (Shanghai) Co's current Return-on-Tangible-Equity of 5.38% is 48% below median its 10-year median of 10.32. Over the past 10 years, this metric has ranged from a low of 4.95 to a high of 17.96. The Waste Management industry median Return-on-Tangible-Equity is 9.67. Wave Cyber (Shanghai) Co's value of 5.38% is 44.4% below this industry median. Based on the distribution chart, Wave Cyber (Shanghai) Co ranks #126 out of 225 companies in the Waste Management industry, which is below the industry midpoint. Overall, Wave Cyber (Shanghai) Co has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Wave Cyber (Shanghai) Co's Return-on-Tangible-Equity compare to WM and RSG?
According to the Waste Management industry distribution chart, Wave Cyber (Shanghai) Co ranks #126 out of 225 companies for Return-on-Tangible-Equity. This places Wave Cyber (Shanghai) Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 9.67. Wave Cyber (Shanghai) Co's value of 5.38% is 44.4% below this benchmark. Historically, Wave Cyber (Shanghai) Co's own Return-on-Tangible-Equity has ranged from 4.95 to 17.96 over the past decade. While the company's 10-year median is 10.32 vs. the industry median of 9.67, Wave Cyber (Shanghai) Co has consistently been below 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 Waste Management company?
The median Return-on-Tangible-Equity among Waste Management companies is 9.67, based on 225 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. Wave Cyber (Shanghai) Co's current Return-on-Tangible-Equity of 5.38% is 44.4% below 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 Wave Cyber (Shanghai) Co and its competitors. For the Waste Management industry, the median Return-on-Tangible-Equity is 9.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wave Cyber (Shanghai) Co's current Return-on-Tangible-Equity is 5.38%, which is 48% below median its own 10-year median of 10.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wave Cyber (Shanghai) Co stock overvalued right now?
Based on GuruFocus' analysis, Wave Cyber (Shanghai) Co (SHSE:688718) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥15.04, compared to a current price of ¥11.63 — trading 22.7% below its estimated fair value. The current Return-on-Tangible-Equity is 5.38%, which is 48% below median its 10-year median of 10.32 and 44.4% below the Waste Management industry median of 9.67. Wave Cyber (Shanghai) Co's overall GF Score™ is 83/100 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 Wave Cyber (Shanghai) Co (SHSE:688718), the current Return-on-Tangible-Equity is 5.38% 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 Wave Cyber (Shanghai) Co (SHSE:688718) Overvalued in 2026?
Based on GuruFocus' analysis, Wave Cyber (Shanghai) Co stock appears to be undervalued.
The current stock price of ¥11.63 is trading 22.7% below its estimated GF Value™ of ¥15.04.
GuruFocus considers Wave Cyber (Shanghai) Co to be Modestly Undervalued.
Key valuation signals for SHSE:688718:
Return-on-Tangible-Equity: 5.38% (48% below median its 10-year median of 10.32)
GF Value™: ¥15.04 vs. price of ¥11.63 (22.7% below fair value)
Industry Position: 44.4% below the Waste Management median (#126 of 225)
No single metric tells the full story. See the SHSE:688718 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wave Cyber (Shanghai) Co Ltd is a manufacturer of components for the residential, commercial, industrial and municipal water treatment industries. The products include full lines of fiberglass pressure tanks, brine tanks/cabinets, membrane pressure vessels and others.
83GF Score
Get the complete analysis for SHSE:688718
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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