IPE Group (HKSE:00929) Construction In Progress: HK$12 Mil (As of Dec. 2025)

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.

HKSE:00929 IPE Group Ltd HKSE:00929
56 GF Score
Price HK$0.53
GF Value HK$0.58
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is IPE Group Construction In Progress?

IPE Group HKSE:00929 56 Construction In Progress is HK$12 Mil as of Dec. 2025. GuruFocus rates HKSE:00929 with a GF Score™ of 56/100 and a GF Value™ of HK$0.58 (Fairly Valued). The stock has 4 warning signs investors should review.

IPE Group's quarterly construction in progress increased from Dec. 2024 (HK$18 Mil) to Jun. 2025 (HK$30 Mil) but then declined from Jun. 2025 (HK$30 Mil) to Dec. 2025 (HK$12 Mil).

IPE Group's annual construction in progress declined from Dec. 2023 (HK$38 Mil) to Dec. 2024 (HK$18 Mil) and declined from Dec. 2024 (HK$18 Mil) to Dec. 2025 (HK$12 Mil).

IPE Group Construction In Progress Historical Data

* Premium members only.

The historical data trend for IPE Group's Construction In Progress 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.

IPE Group Construction In Progress Chart

IPE Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.82 11.91 37.54 18.22 11.91

IPE Group Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Construction In Progress 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 37.54 121.29 18.22 30.30 11.91
HKSE:00929
56GF Score
IPE Group Ltd HKSE:00929
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

IPE Group Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of HK$12 Mil mean?
IPE Group (HKSE:00929) has a Construction In Progress of HK$12 Mil as of Dec. 2025. Construction in Progress records the amount of construction work that is not complete. View historical data on IPE Group and its competitors.
Is IPE Group's Construction In Progress too high?
IPE Group's current Construction In Progress is HK$12 Mil. Overall, IPE Group has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does IPE Group's Construction In Progress compare to CRS and ATI?
IPE Group's Construction In Progress of HK$12 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for an Industrial Products company?
A good Construction In Progress depends on the Industrial Products industry context. However, Construction In Progress 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 Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on IPE Group and its competitors. IPE Group's current Construction In Progress is HK$12 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IPE Group stock overvalued right now?
Based on GuruFocus' analysis, IPE Group (HKSE:00929) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.58, compared to a current price of HK$0.53 — trading 8.6% below its estimated fair value. The current Construction In Progress is HK$12 Mil. IPE Group's overall GF Score™ is 56/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For IPE Group (HKSE:00929), the current Construction In Progress is HK$12 Mil as of Dec. 2025. 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 IPE Group (HKSE:00929) Overvalued in 2026?

Based on GuruFocus' analysis, IPE Group stock appears to be undervalued. The current stock price of HK$0.53 is trading 8.6% below its estimated GF Value™ of HK$0.58. GuruFocus considers IPE Group to be Fairly Valued.

Key valuation signals for HKSE:00929:

  • Construction In Progress: HK$12 Mil
  • GF Value™: HK$0.58 vs. price of HK$0.53 (8.6% below fair value)
  • GF Score™: 56/100 with 4 warning signs

No single metric tells the full story. See the HKSE:00929 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

IPE Group Business Description

Address 39 Wang Chiu Road, Kowloon Bay, Unit 5-6, 23th Floor, Enterprise Square Three, Kowloon, Hong Kong, HKG
IPE Group Ltd is an investment holding company engaged in the manufacturing and sale of precision components products. The company operates in segments based on sales: automotive components, hydraulic equipment components, electronic equipment components, CNC lathes, and others. The products of the company are used in automotive parts, hydraulic equipment, electronic equipment components, and other devices. Its geographical segments are Thailand, Malaysia, Mainland China, Macau and Hong Kong, North America, Europe, and Other countries.
56GF Score

Get the complete analysis for HKSE:00929

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$0.53
Price
HK$0.58
GF Value