Zhejiang Heda Technology Co (SHSE:688296) ROE % Adjusted to Book Value: -3.33% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SHSE:688296 Zhejiang Heda Technology Co Ltd SHSE:688296
67 GF Score
Price ¥12.66
GF Value ¥10.91
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Zhejiang Heda Technology Co ROE % Adjusted to Book Value?

Zhejiang Heda Technology Co SHSE:688296 +0.08% 67 ROE % Adjusted to Book Value is -3.33% as of Mar. 2026. GuruFocus rates SHSE:688296 with a GF Score™ of 67/100 and a GF Value™ of ¥10.91 (Modestly Overvalued). The stock has 5 warning signs investors should review.

Zhejiang Heda Technology Co's ROE % for the quarter that ended in Mar. 2026 was -8.69%. Zhejiang Heda Technology Co's PB Ratio for the quarter that ended in Mar. 2026 was 2.61. Zhejiang Heda Technology Co's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was -3.33%.


Zhejiang Heda Technology Co ROE % Adjusted to Book Value Related Terms


Zhejiang Heda Technology Co ROE % Adjusted to Book Value Historical Data

* Premium members only.

The historical data trend for Zhejiang Heda Technology Co's ROE % Adjusted to Book Value 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 Heda Technology Co ROE % Adjusted to Book Value Chart

Zhejiang Heda Technology Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.48 1.90 -1.48 -0.46 -4.51

Zhejiang Heda Technology Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Adjusted to Book Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -4.33 -0.89 -4.62 -9.05 -3.33

SHSE:688296 vs AWK, WTRG, AWR: ROE % Adjusted to Book Value Comparison

For the Utilities - Regulated Water subindustry, Zhejiang Heda Technology Co's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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 Heda Technology Co ROE % Adjusted to Book Value vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Zhejiang Heda Technology Co's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Zhejiang Heda Technology Co's ROE % Adjusted to Book Value falls into.


SHSE:688296
67GF Score
Zhejiang Heda Technology Co Ltd SHSE:688296
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zhejiang Heda Technology Co ROE % Adjusted to Book Value Calculation

Zhejiang Heda Technology Co's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=-10.83% / 2.40
=-4.51%

Zhejiang Heda Technology Co's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=-8.69% / 2.61
=-3.33%

* 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.

What does a ROE % Adjusted to Book Value of -3.33% mean?
Zhejiang Heda Technology Co (SHSE:688296) has a ROE % Adjusted to Book Value of -3.33% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Zhejiang Heda Technology Co and its competitors.
Is Zhejiang Heda Technology Co's ROE % Adjusted to Book Value too high?
Zhejiang Heda Technology Co's current ROE % Adjusted to Book Value is -3.33%. Overall, Zhejiang Heda Technology Co has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Heda Technology Co's ROE % Adjusted to Book Value compare to AWK and WTRG?
Zhejiang Heda Technology Co's ROE % Adjusted to Book Value of -3.33% can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for an Utilities - Regulated company?
A good ROE % Adjusted to Book Value depends on the Utilities - Regulated industry context. However, ROE % Adjusted to Book Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Zhejiang Heda Technology Co and its competitors. Zhejiang Heda Technology Co's current ROE % Adjusted to Book Value is -3.33%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Heda Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Heda Technology Co (SHSE:688296) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥10.91, compared to a current price of ¥12.66 — trading 16% above its estimated fair value. The current ROE % Adjusted to Book Value is -3.33%. Zhejiang Heda Technology Co's overall GF Score™ is 67/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For Zhejiang Heda Technology Co (SHSE:688296), the current ROE % Adjusted to Book Value is -3.33% 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 Zhejiang Heda Technology Co (SHSE:688296) Overvalued in 2026?

Based on GuruFocus' analysis, Zhejiang Heda Technology Co stock appears to be overvalued. The current stock price of ¥12.66 is trading 16% above its estimated GF Value™ of ¥10.91. GuruFocus considers Zhejiang Heda Technology Co to be Modestly Overvalued.

Key valuation signals for SHSE:688296:

  • ROE % Adjusted to Book Value: -3.33%
  • GF Value™: ¥10.91 vs. price of ¥12.66 (16% above fair value)
  • GF Score™: 67/100 with 5 warning signs

No single metric tells the full story. See the SHSE:688296 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zhejiang Heda Technology Co Business Description

Address 36 Changsheng South Road, Building 18, Jiaxing Smart Industrial Innovation Park, Economic and Technological Development Zone, Zhejiang Province, Jiaxing, CHN, 314006
Zhejiang Heda Technology Co Ltd focuses on serving water supply, drainage, water conservancy, and agricultural drinking water.
67GF Score

Get the complete analysis for SHSE:688296

ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥12.66
Price
¥10.91
GF Value