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The historical rank and industry rank for Shenzhen Neoway Technology Co's ROE % or its related term are showing as below:
SHSE:688159'
s ROE % Range Over the Past 10 Years
Min: -11.08 Med: 7.37 Max: 25.1
Current: 4.09
During the past 13 years, Shenzhen Neoway Technology Co's highest ROE % was 25.10%. The lowest was -11.08%. And the median was 7.37%.
SHSE:688159's ROE % is ranked worse than 52.16% of 2429
companies
in the Hardware industry
Industry Median: 4.67
vs SHSE:688159: 4.09
Shenzhen Neoway Technology Co (SHSE:688159) ROE % Explanation
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.
Shenzhen Neoway Technology Co ROE % Related Terms
Shenzhen Neoway Technology Co ROE % 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.
For the Communication Equipment subindustry, Shenzhen Neoway Technology Co'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.
Shenzhen Neoway Technology Co ROE % vs Hardware Industry
For the Hardware industry and Technology sector, Shenzhen Neoway Technology Co's ROE % distribution charts can be found below:
* The bar in red indicates where Shenzhen Neoway Technology Co'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.
Shenzhen Neoway Technology Co (SHSE:688159) has a ROE % of 12.13% 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 Shenzhen Neoway Technology Co and its competitors. This is 65% above median its historical median of 7.37. According to the industry distribution chart, Shenzhen Neoway Technology Co ranks #1267 out of 2429 companies in the Hardware industry, placing it in the top 52.2%.
Is Shenzhen Neoway Technology Co's ROE % too high?
Shenzhen Neoway Technology Co's current ROE % of 12.13% is 65% above median its 10-year median of 7.37. The Hardware industry median ROE % is 4.67. Shenzhen Neoway Technology Co's value of 12.13% is 159.7% above this industry median. Based on the distribution chart, Shenzhen Neoway Technology Co ranks #1267 out of 2429 companies in the Hardware industry, which is below the industry midpoint. Overall, Shenzhen Neoway Technology Co has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shenzhen Neoway Technology Co's ROE % compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Shenzhen Neoway Technology Co ranks #1267 out of 2429 companies for ROE %. This places Shenzhen Neoway Technology Co in the lower half of its industry. The industry median ROE % is 4.67. Shenzhen Neoway Technology Co's value of 12.13% is 159.7% above this benchmark. While the company's 10-year median is 7.37 vs. the industry median of 4.67, Shenzhen Neoway 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 ROE % for a Hardware company?
The median ROE % among Hardware companies is 4.67, based on 2,429 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. Shenzhen Neoway Technology Co's current ROE % of 12.13% is 159.7% 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 Shenzhen Neoway Technology Co and its competitors. For the Hardware industry, the median ROE % is 4.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shenzhen Neoway Technology Co's current ROE % is 12.13%, which is 65% above median its own 10-year median of 7.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shenzhen Neoway Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Shenzhen Neoway Technology Co (SHSE:688159) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥43.83, compared to a current price of ¥31.45 — trading 28.2% below its estimated fair value. The current ROE % is 12.13%, which is 65% above median its 10-year median of 7.37 and 159.7% above the Hardware industry median of 4.67. Shenzhen Neoway Technology Co's overall GF Score™ is 71/100 with 9 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 Shenzhen Neoway Technology Co (SHSE:688159), the current ROE % is 12.13% 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 Shenzhen Neoway Technology Co (SHSE:688159) Overvalued in 2026?
Based on GuruFocus' analysis, Shenzhen Neoway Technology Co stock appears to be undervalued.
The current stock price of ¥31.45 is trading 28.2% below its estimated GF Value™ of ¥43.83.
GuruFocus considers Shenzhen Neoway Technology Co to be Modestly Undervalued.
Key valuation signals for SHSE:688159:
ROE %: 12.13% (65% above median its 10-year median of 7.37)
GF Value™: ¥43.83 vs. price of ¥31.45 (28.2% below fair value)
Industry Position: 159.7% above the Hardware median (#1267 of 2429)
No single metric tells the full story. See the SHSE:688159 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shenzhen Neoway Technology Co Business Description
Shenzhen Neoway Technology Co Ltd is engaged in production and sales of IoT wireless communication modules, IoT wireless communication terminals and IoT wireless communication solutions. The company provides technical development and sales of electronic products; electronic communication products and communication modules; communication module software and related technical consulting.
71GF Score
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