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Hangzhou Alltest Biotech CoSHSE:688606 +0.51%53 ROE % is 1.98% as of Mar. 2026, which is 94% below its 10-year median of 31.89. GuruFocus rates SHSE:688606 with a GF Score™ of 53/100 and a GF Value™ of ¥85.74 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 798 Medical Devices & Instruments companies, Hangzhou Alltest Biotech Co ranks better than 57.39% on this metric.
The historical rank and industry rank for Hangzhou Alltest Biotech Co's ROE % or its related term are showing as below:
SHSE:688606'
s ROE % Range Over the Past 10 Years
Min: 4.52 Med: 31.89 Max: 107.34
Current: 4.55
During the past 10 years, Hangzhou Alltest Biotech Co's highest ROE % was 107.34%. The lowest was 4.52%. And the median was 31.89%.
SHSE:688606's ROE % is ranked better than 57.39% of 798
companies
in the Medical Devices & Instruments industry
Industry Median: 2.51
vs SHSE:688606: 4.55
Hangzhou Alltest Biotech Co (SHSE:688606) 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.
* 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 Medical Instruments & Supplies subindustry, Hangzhou Alltest Biotech 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.
Hangzhou Alltest Biotech Co ROE % vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Hangzhou Alltest Biotech Co's ROE % distribution charts can be found below:
* The bar in red indicates where Hangzhou Alltest Biotech 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.
Hangzhou Alltest Biotech Co (SHSE:688606) has a ROE % of 1.98% 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 Hangzhou Alltest Biotech Co and its competitors. This is 94% below median its historical median of 31.89. Over the past decade, Hangzhou Alltest Biotech Co's ROE % has ranged from 4.52 to 107.34. According to the industry distribution chart, Hangzhou Alltest Biotech Co ranks #340 out of 798 companies in the Medical Devices & Instruments industry, placing it in the top 42.6%.
Is Hangzhou Alltest Biotech Co's ROE % too high?
Hangzhou Alltest Biotech Co's current ROE % of 1.98% is 94% below median its 10-year median of 31.89. Over the past 10 years, this metric has ranged from a low of 4.52 to a high of 107.34. The Medical Devices & Instruments industry median ROE % is 2.51. Hangzhou Alltest Biotech Co's value of 1.98% is 21.1% below this industry median. Based on the distribution chart, Hangzhou Alltest Biotech Co ranks #340 out of 798 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, Hangzhou Alltest Biotech Co has a GF Score™ of 53/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Hangzhou Alltest Biotech Co's ROE % compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, Hangzhou Alltest Biotech Co ranks #340 out of 798 companies for ROE %. This puts Hangzhou Alltest Biotech Co in the upper half of its industry. The industry median ROE % is 2.51. Hangzhou Alltest Biotech Co's value of 1.98% is 21.1% below this benchmark. Historically, Hangzhou Alltest Biotech Co's own ROE % has ranged from 4.52 to 107.34 over the past decade. While the company's 10-year median is 31.89 vs. the industry median of 2.51, Hangzhou Alltest Biotech 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 Medical Devices & Instruments company?
The median ROE % among Medical Devices & Instruments companies is 2.51, based on 798 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. Hangzhou Alltest Biotech Co's current ROE % of 1.98% is 21.1% 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 Hangzhou Alltest Biotech Co and its competitors. For the Medical Devices & Instruments industry, the median ROE % is 2.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hangzhou Alltest Biotech Co's current ROE % is 1.98%, which is 94% below median its own 10-year median of 31.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hangzhou Alltest Biotech Co stock overvalued right now?
Based on GuruFocus' analysis, Hangzhou Alltest Biotech Co (SHSE:688606) is currently considered Possible Value Trap. The stock's GF Value™ is ¥85.74, compared to a current price of ¥43.69 — trading 49% below its estimated fair value. The current ROE % is 1.98%, which is 94% below median its 10-year median of 31.89 and 21.1% below the Medical Devices & Instruments industry median of 2.51. Hangzhou Alltest Biotech 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 Hangzhou Alltest Biotech Co (SHSE:688606), the current ROE % is 1.98% 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 Hangzhou Alltest Biotech Co (SHSE:688606) Overvalued in 2026?
Based on GuruFocus' analysis, Hangzhou Alltest Biotech Co stock appears to be undervalued.
The current stock price of ¥43.69 is trading 49% below its estimated GF Value™ of ¥85.74.
GuruFocus considers Hangzhou Alltest Biotech Co to be Possible Value Trap.
Key valuation signals for SHSE:688606:
ROE %: 1.98% (94% below median its 10-year median of 31.89)
GF Value™: ¥85.74 vs. price of ¥43.69 (49% below fair value)
Industry Position: 21.1% below the Medical Devices & Instruments median (#340 of 798)
No single metric tells the full story. See the SHSE:688606 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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