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SHSE:688593's ROE % is ranked worse than 65.58% of 2429
companies
in the Hardware industry
Industry Median: 4.68
vs SHSE:688593: 0.79
Shanghai New Vision Microelectronics Co (SHSE:688593) 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.
Shanghai New Vision Microelectronics Co ROE % Related Terms
Shanghai New Vision Microelectronics 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.
Shanghai New Vision Microelectronics Co ROE % Chart
Shanghai New Vision Microelectronics Co Annual Data
For the Electronic Components subindustry, Shanghai New Vision Microelectronics 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.
Shanghai New Vision Microelectronics Co ROE % vs Hardware Industry
* 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.
Shanghai New Vision Microelectronics Co (SHSE:688593) has a ROE % of 1.39% 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 Shanghai New Vision Microelectronics Co and its competitors. This is 43% below median its historical median of 2.45. According to the industry distribution chart, Shanghai New Vision Microelectronics Co ranks #1593 out of 2429 companies in the Hardware industry, placing it in the top 65.6%.
Is Shanghai New Vision Microelectronics Co's ROE % too high?
Shanghai New Vision Microelectronics Co's current ROE % of 1.39% is 43% below median its 10-year median of 2.45. The Hardware industry median ROE % is 4.68. Shanghai New Vision Microelectronics Co's value of 1.39% is 70.3% below this industry median. Based on the distribution chart, Shanghai New Vision Microelectronics Co ranks #1593 out of 2429 companies in the Hardware industry, which is below the industry midpoint. Overall, Shanghai New Vision Microelectronics Co has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai New Vision Microelectronics Co's ROE % compare to APH and GLW?
According to the Hardware industry distribution chart, Shanghai New Vision Microelectronics Co ranks #1593 out of 2429 companies for ROE %. This places Shanghai New Vision Microelectronics Co in the lower half of its industry. The industry median ROE % is 4.68. Shanghai New Vision Microelectronics Co's value of 1.39% is 70.3% below this benchmark. While the company's 10-year median is 2.45 vs. the industry median of 4.68, Shanghai New Vision Microelectronics Co has consistently been below 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 4.68, 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. Shanghai New Vision Microelectronics Co's current ROE % of 1.39% is 70.3% below 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 Shanghai New Vision Microelectronics Co and its competitors. For the Hardware industry, the median ROE % is 4.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai New Vision Microelectronics Co's current ROE % is 1.39%, which is 43% below median its own 10-year median of 2.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai New Vision Microelectronics Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai New Vision Microelectronics Co (SHSE:688593) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥22.18, compared to a current price of ¥30.89 — trading 39.3% above its estimated fair value. The current ROE % is 1.39%, which is 43% below median its 10-year median of 2.45 and 70.3% below the Hardware industry median of 4.68. Shanghai New Vision Microelectronics Co's overall GF Score™ is 53/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Shanghai New Vision Microelectronics Co (SHSE:688593), the current ROE % is 1.39% 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 Shanghai New Vision Microelectronics Co (SHSE:688593) Overvalued in 2026?
Based on GuruFocus' analysis, Shanghai New Vision Microelectronics Co stock appears to be overvalued.
The current stock price of ¥30.89 is trading 39.3% above its estimated GF Value™ of ¥22.18.
GuruFocus considers Shanghai New Vision Microelectronics Co to be Significantly Overvalued.
Key valuation signals for SHSE:688593:
ROE %: 1.39% (43% below median its 10-year median of 2.45)
GF Value™: ¥22.18 vs. price of ¥30.89 (39.3% above fair value)
Industry Position: 70.3% below the Hardware median (#1593 of 2429)
No single metric tells the full story. See the SHSE:688593 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shanghai New Vision Microelectronics Co Business Description
Shanghai New Vision Microelectronics Co Ltd is engaged in research & Development, design, and sales of display chips. The company is committed to providing new display IC products and system solutions. It has formed nearly a hundred new display IC and power supply IC products covering smart wearables, mobile phones, tablets, monitors, notebooks, TVs, etc, and has long committed to TFT-LCD, AMOLED display driver chips, and power management chips.
53GF Score
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