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Shanghai Precilasers Technology CoSHSE:688826 -5.74%20 Return-on-Tangible-Equity is 23.07% as of Mar. 2026, which is 60% below its 10-year median of 57.13. GuruFocus rates SHSE:688826 with a GF Score™ of 20/100. The stock has 1 warning sign investors should review. Among 2,379 Hardware companies, Shanghai Precilasers Technology Co ranks better than 79.23% on this metric.
The historical rank and industry rank for Shanghai Precilasers Technology Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:688826'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 17.36 Med: 57.13 Max: 70.37
Current: 17.36
During the past 4 years, Shanghai Precilasers Technology Co's highest Return-on-Tangible-Equity was 70.37%. The lowest was 17.36%. And the median was 57.13%.
SHSE:688826's Return-on-Tangible-Equity is ranked better than 79.23% of 2379
companies
in the Hardware industry
Industry Median: 6.26
vs SHSE:688826: 17.36
Shanghai Precilasers Technology Co (SHSE:688826) 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.
Shanghai Precilasers Technology Co Return-on-Tangible-Equity Related Terms
Shanghai Precilasers 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.
Shanghai Precilasers Technology Co Return-on-Tangible-Equity Chart
SHSE:688826 vs GRMN, COHR, KEYS: Return-on-Tangible-Equity Comparison
For the Scientific & Technical Instruments subindustry, Shanghai Precilasers 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.
Shanghai Precilasers Technology Co Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Shanghai Precilasers Technology Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Shanghai Precilasers 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 23.07% mean?
Shanghai Precilasers Technology Co (SHSE:688826) has a Return-on-Tangible-Equity of 23.07% 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 Shanghai Precilasers Technology Co and its competitors. This is 60% below median its historical median of 57.13. Over the past decade, Shanghai Precilasers Technology Co's Return-on-Tangible-Equity has ranged from 17.36 to 70.37. According to the industry distribution chart, Shanghai Precilasers Technology Co ranks #494 out of 2379 companies in the Hardware industry, placing it in the top 20.8%.
Is Shanghai Precilasers Technology Co's Return-on-Tangible-Equity too high?
Shanghai Precilasers Technology Co's current Return-on-Tangible-Equity of 23.07% is 60% below median its 10-year median of 57.13. Over the past 10 years, this metric has ranged from a low of 17.36 to a high of 70.37. The Hardware industry median Return-on-Tangible-Equity is 6.26. Shanghai Precilasers Technology Co's value of 23.07% is 268.5% above this industry median. Based on the distribution chart, Shanghai Precilasers Technology Co ranks #494 out of 2379 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Shanghai Precilasers Technology Co has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Shanghai Precilasers Technology Co's Return-on-Tangible-Equity compare to GRMN and COHR?
According to the Hardware industry distribution chart, Shanghai Precilasers Technology Co ranks #494 out of 2379 companies for Return-on-Tangible-Equity. This places Shanghai Precilasers Technology Co in the top 21% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.26. Shanghai Precilasers Technology Co's value of 23.07% is 268.5% above this benchmark. Historically, Shanghai Precilasers Technology Co's own Return-on-Tangible-Equity has ranged from 17.36 to 70.37 over the past decade. While the company's 10-year median is 57.13 vs. the industry median of 6.26, Shanghai Precilasers 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 Hardware company?
The median Return-on-Tangible-Equity among Hardware companies is 6.26, based on 2,379 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. Shanghai Precilasers Technology Co's current Return-on-Tangible-Equity of 23.07% is 268.5% 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 Shanghai Precilasers Technology Co and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 6.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Precilasers Technology Co's current Return-on-Tangible-Equity is 23.07%, which is 60% below median its own 10-year median of 57.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Precilasers Technology Co stock overvalued right now?
Shanghai Precilasers Technology Co (SHSE:688826) has a current Return-on-Tangible-Equity of 23.07%. The current Return-on-Tangible-Equity is 23.07%, which is 60% below median its 10-year median of 57.13 and 268.5% above the Hardware industry median of 6.26. Shanghai Precilasers Technology Co's overall GF Score™ is 20/100 with 1 warning sign 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 Shanghai Precilasers Technology Co (SHSE:688826), the current Return-on-Tangible-Equity is 23.07% 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.
Shanghai Precilasers Technology Co Ltd is engaged in the research, development, production and sales of precision lasers. It targets various markets such as quantum information, lidar, and medical aesthetics, it offers high-end fiber laser products with precisely controllable wavelength, linewidth, and pulse waveform. Its high-end laser products are already used in cutting-edge quantum science research, including quantum precision measurement, quantum computing, lidar, laser sensing, and semiconductor testing and processing.
20GF Score
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