Zhejiang Expressway CoZHEXF +3.73%73 Return-on-Tangible-Equity is 11.52% as of Dec. 2025, which is 73% below its 10-year median of 42.94. GuruFocus rates ZHEXF with a GF Score™ of 73/100 and a GF Value™ of $1.01 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,703 Construction companies, Zhejiang Expressway Co ranks worse than 51.32% 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. Zhejiang Expressway Co's annualized net income for the quarter that ended in Dec. 2025 was $645 Mil. Zhejiang Expressway Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was $5,597 Mil. Therefore, Zhejiang Expressway Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 11.52%.
The historical rank and industry rank for Zhejiang Expressway Co's Return-on-Tangible-Equity or its related term are showing as below:
ZHEXF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.77 Med: 42.94 Max: 802.08
Current: 7.77
During the past 13 years, Zhejiang Expressway Co's highest Return-on-Tangible-Equity was 802.08%. The lowest was 7.77%. And the median was 42.94%.
ZHEXF's Return-on-Tangible-Equity is ranked worse than 51.32% of 1703
companies
in the Construction industry
Industry Median: 8.23
vs ZHEXF: 7.77
Zhejiang Expressway Co (OTCPK:ZHEXF) 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.
Zhejiang Expressway Co Return-on-Tangible-Equity Related Terms
Zhejiang Expressway Co Return-on-Tangible-Equity Historical Data
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The historical data trend for Zhejiang Expressway 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.
Zhejiang Expressway Co Return-on-Tangible-Equity Chart
Zhejiang Expressway Co Return-on-Tangible-Equity Competitor Comparison
For the Infrastructure Operations subindustry, Zhejiang Expressway 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.
Zhejiang Expressway Co Return-on-Tangible-Equity vs Construction Industry
For the Construction industry and Industrials sector, Zhejiang Expressway Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Zhejiang Expressway 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 (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 11.52% mean?
Zhejiang Expressway Co (ZHEXF) has a Return-on-Tangible-Equity of 11.52% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Zhejiang Expressway Co and its competitors. This is 73% below median its historical median of 42.94. Over the past decade, Zhejiang Expressway Co's Return-on-Tangible-Equity has ranged from 7.77 to 802.08. According to the industry distribution chart, Zhejiang Expressway Co ranks #874 out of 1703 companies in the Construction industry, placing it in the top 51.3%.
Is Zhejiang Expressway Co's Return-on-Tangible-Equity too high?
Zhejiang Expressway Co's current Return-on-Tangible-Equity of 11.52% is 73% below median its 10-year median of 42.94. Over the past 10 years, this metric has ranged from a low of 7.77 to a high of 802.08. The Construction industry median Return-on-Tangible-Equity is 8.23. Zhejiang Expressway Co's value of 11.52% is 40% above this industry median. Based on the distribution chart, Zhejiang Expressway Co ranks #874 out of 1703 companies in the Construction industry, which is below the industry midpoint. Overall, Zhejiang Expressway Co has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Expressway Co's Return-on-Tangible-Equity compare to competitors?
According to the Construction industry distribution chart, Zhejiang Expressway Co ranks #874 out of 1703 companies for Return-on-Tangible-Equity. This places Zhejiang Expressway Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 8.23. Zhejiang Expressway Co's value of 11.52% is 40% above this benchmark. Historically, Zhejiang Expressway Co's own Return-on-Tangible-Equity has ranged from 7.77 to 802.08 over the past decade. While the company's 10-year median is 42.94 vs. the industry median of 8.23, Zhejiang Expressway 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 Construction company?
The median Return-on-Tangible-Equity among Construction companies is 8.23, based on 1,703 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. Zhejiang Expressway Co's current Return-on-Tangible-Equity of 11.52% is 40% 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 Zhejiang Expressway Co and its competitors. For the Construction industry, the median Return-on-Tangible-Equity is 8.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Expressway Co's current Return-on-Tangible-Equity is 11.52%, which is 73% below median its own 10-year median of 42.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Expressway Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Expressway Co (ZHEXF) is currently considered Modestly Undervalued. The stock's GF Value™ is $1.01, compared to a current price of $0.81 — trading 19.4% below its estimated fair value. The current Return-on-Tangible-Equity is 11.52%, which is 73% below median its 10-year median of 42.94 and 40% above the Construction industry median of 8.23. Zhejiang Expressway Co's overall GF Score™ is 73/100 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 Zhejiang Expressway Co (ZHEXF), the current Return-on-Tangible-Equity is 11.52% as of Dec. 2025. 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 Zhejiang Expressway Co (ZHEXF) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Expressway Co stock appears to be undervalued.
The current stock price of $0.81 is trading 19.4% below its estimated GF Value™ of $1.01.
GuruFocus considers Zhejiang Expressway Co to be Modestly Undervalued.
Key valuation signals for ZHEXF:
Return-on-Tangible-Equity: 11.52% (73% below median its 10-year median of 42.94)
GF Value™: $1.01 vs. price of $0.81 (19.4% below fair value)
Industry Position: 40% above the Construction median (#874 of 1703)
No single metric tells the full story. See the ZHEXF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Expressway Co Ltd is a Chinese infrastructure company that, through its subsidiaries, develops, maintains, and operates high-grade roads. The company organizes itself into three segments: toll operation, securities business, and other business. The company derives the majority of revenue and earnings from the toll road business. The securities business, the next segment, provides brokerage services, including advisory, margin lending, and asset management. The company earns the entirety of its revenue domestically.
73GF Score
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Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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