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REF HoldingsHKSE:01631 +3.85%50 OCF Margin % is 64.32% as of Dec. 2025, which is 183% above its 10-year median of 22.73. GuruFocus rates HKSE:01631 with a GF Score™ of 50/100 and a GF Value™ of HK$0.23 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,067 Business Services companies, REF Holdings ranks better than 90.82% on this metric.
The historical data trend for REF Holdings's OCF Margin % 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.
HKSE:01631 vs CTAS, CPRT, GPN: OCF Margin % Comparison
For the Specialty Business Services subindustry, REF Holdings's OCF Margin %, along with its competitors' market caps and OCF Margin % 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.
REF Holdings OCF Margin % vs Business Services Industry
For the Business Services industry and Industrials sector, REF Holdings's OCF Margin % distribution charts can be found below:
* The bar in red indicates where REF Holdings's OCF Margin % 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.
REF Holdings (HKSE:01631) has a OCF Margin % of 64.32% as of Dec. 2025. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on REF Holdings and its competitors. This is 183% above median its historical median of 22.73. Over the past decade, REF Holdings' OCF Margin % has ranged from 15.59 to 33.03. According to the industry distribution chart, REF Holdings ranks #98 out of 1067 companies in the Business Services industry, placing it in the top 9.2%.
Is REF Holdings' OCF Margin % too high?
REF Holdings' current OCF Margin % of 64.32% is 183% above median its 10-year median of 22.73. Over the past 10 years, this metric has ranged from a low of 15.59 to a high of 33.03. The Business Services industry median OCF Margin % is 6.98. REF Holdings' value of 64.32% is 821.5% above this industry median. Based on the distribution chart, REF Holdings ranks #98 out of 1067 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, REF Holdings has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does REF Holdings' OCF Margin % compare to CTAS and CPRT?
According to the Business Services industry distribution chart, REF Holdings ranks #98 out of 1067 companies for OCF Margin %. This places REF Holdings in the top 9% of its industry — outperforming the majority of peers. The industry median OCF Margin % is 6.98. REF Holdings' value of 64.32% is 821.5% above this benchmark. Historically, REF Holdings' own OCF Margin % has ranged from 15.59 to 33.03 over the past decade. While the company's 10-year median is 22.73 vs. the industry median of 6.98, REF Holdings 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 OCF Margin % for a Business Services company?
The median OCF Margin % among Business Services companies is 6.98, based on 1,067 companies in the industry. Companies in the top quartile (top 25%) have a OCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, OCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. REF Holdings's current OCF Margin % of 64.32% is 821.5% 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 OCF Margin % mean?
A high OCF Margin % can signal that a stock is expensive relative to its fundamentals. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on REF Holdings and its competitors. For the Business Services industry, the median OCF Margin % is 6.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. REF Holdings's current OCF Margin % is 64.32%, which is 183% above median its own 10-year median of 22.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is REF Holdings stock overvalued right now?
Based on GuruFocus' analysis, REF Holdings (HKSE:01631) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.23, compared to a current price of HK$1.35 — trading 487% above its estimated fair value. The current OCF Margin % is 64.32%, which is 183% above median its 10-year median of 22.73 and 821.5% above the Business Services industry median of 6.98. REF Holdings' overall GF Score™ is 50/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is OCF Margin % calculated?
OCF Margin % is calculated from a company's financial statements. For REF Holdings (HKSE:01631), the current OCF Margin % is 64.32% 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 REF Holdings (HKSE:01631) Overvalued in 2026?
Based on GuruFocus' analysis, REF Holdings stock appears to be overvalued.
The current stock price of HK$1.35 is trading 487% above its estimated GF Value™ of HK$0.23.
GuruFocus considers REF Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:01631:
OCF Margin %: 64.32% (183% above median its 10-year median of 22.73)
GF Value™: HK$0.23 vs. price of HK$1.35 (487% above fair value)
Industry Position: 821.5% above the Business Services median (#98 of 1067)
No single metric tells the full story. See the HKSE:01631 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
REF Holdings Ltd provides financial printing, which comprises cover printing of listing documents, financial reports, compliance documents, and other documents. The convenient financial printing services include typesetting, proofreading, translation, design, printing, web submission, media placement, and distribution. The services of the group can be categorized into printing, translation, and media placement. The company generates revenue from the provision of financial printing services and investment holdings.
50GF Score
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