Ningbo Deye TechnologySHSE:605117 +1.88%87 ROE % is 43.44% as of Mar. 2026, which is 3% above its 10-year median of 42.32. GuruFocus rates SHSE:605117 with a GF Score™ of 87/100 and a GF Value™ of ¥74.35 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 3,003 Industrial Products companies, Ningbo Deye Technology ranks better than 97.34% on this metric.
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.
* 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.
For the Electrical Equipment & Parts subindustry, Ningbo Deye Technology's ROE %, along with its competitors' market caps and ROE % 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.
Ningbo Deye Technology ROE % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ningbo Deye Technology's ROE % distribution charts can be found below:
* The bar in red indicates where Ningbo Deye Technology's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder 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.
ROE % is displayed in the 30-year financial page.
Ningbo Deye Technology (SHSE:605117) has a ROE % of 43.44% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Ningbo Deye Technology and its competitors. This is near median its historical median of 42.32. Over the past decade, Ningbo Deye Technology's ROE % has ranged from 32.08 to 59.27. According to the industry distribution chart, Ningbo Deye Technology ranks #80 out of 3003 companies in the Industrial Products industry, placing it in the top 2.7%.
Is Ningbo Deye Technology's ROE % too high?
Ningbo Deye Technology's current ROE % of 43.44% is near median its 10-year median of 42.32. Over the past 10 years, this metric has ranged from a low of 32.08 to a high of 59.27. The Industrial Products industry median ROE % is 5.85. Ningbo Deye Technology's value of 43.44% is 642.6% above this industry median. Based on the distribution chart, Ningbo Deye Technology ranks #80 out of 3003 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Ningbo Deye Technology has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Deye Technology's ROE % compare to VRT and BE?
According to the Industrial Products industry distribution chart, Ningbo Deye Technology ranks #80 out of 3003 companies for ROE %. This places Ningbo Deye Technology in the top 3% of its industry — outperforming the majority of peers. The industry median ROE % is 5.85. Ningbo Deye Technology's value of 43.44% is 642.6% above this benchmark. Historically, Ningbo Deye Technology's own ROE % has ranged from 32.08 to 59.27 over the past decade. While the company's 10-year median is 42.32 vs. the industry median of 5.85, Ningbo Deye Technology 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 ROE % for an Industrial Products company?
The median ROE % among Industrial Products companies is 5.85, based on 3,003 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ningbo Deye Technology's current ROE % of 43.44% is 642.6% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Ningbo Deye Technology and its competitors. For the Industrial Products industry, the median ROE % is 5.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo Deye Technology's current ROE % is 43.44%, which is near median its own 10-year median of 42.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Deye Technology stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Deye Technology (SHSE:605117) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥74.35, compared to a current price of ¥96.44 — trading 29.7% above its estimated fair value. The current ROE % is 43.44%, which is near median its 10-year median of 42.32 and 642.6% above the Industrial Products industry median of 5.85. Ningbo Deye Technology's overall GF Score™ is 87/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Ningbo Deye Technology (SHSE:605117), the current ROE % is 43.44% 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 Ningbo Deye Technology (SHSE:605117) Overvalued in 2026?
Based on GuruFocus' analysis, Ningbo Deye Technology stock appears to be overvalued.
The current stock price of ¥96.44 is trading 29.7% above its estimated GF Value™ of ¥74.35.
GuruFocus considers Ningbo Deye Technology to be Modestly Overvalued.
Key valuation signals for SHSE:605117:
ROE %: 43.44% (near median its 10-year median of 42.32)
GF Value™: ¥74.35 vs. price of ¥96.44 (29.7% above fair value)
Industry Position: 642.6% above the Industrial Products median (#80 of 3003)
No single metric tells the full story. See the SHSE:605117 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ningbo Deye Technology Corp is engaged in the research, development, manufacturing, and sale of inverters, heat exchangers, and dehumidifiers. Its product range also includes refrigeration equipment, air and water purification systems, fresh air systems, solar air conditioners, variable frequency water pumps, and electronic controllers.
87GF Score
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