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Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Pinestone Capital's annualizedNet Income for the quarter that ended in Jun. 2026 was HK$5.64 Mil. Pinestone Capital's average total tangible assets for the quarter that ended in Jun. 2026 was HK$0.00 Mil. Therefore, Pinestone Capital's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 2.33%.
The historical rank and industry rank for Pinestone Capital's Return-on-Tangible-Asset or its related term are showing as below:
HKSE:00804'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -22.52 Med: -5.07 Max: 11.12
Current: -5.1
During the past 13 years, Pinestone Capital's highest Return-on-Tangible-Asset was 11.12%. The lowest was -22.52%. And the median was -5.07%.
HKSE:00804's Return-on-Tangible-Asset is ranked worse than 78.77% of 810
companies
in the Capital Markets industry
Industry Median: 1.56
vs HKSE:00804: -5.10
Pinestone Capital (HKSE:00804) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Pinestone Capital Return-on-Tangible-Asset Related Terms
Pinestone Capital Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Pinestone Capital's Return-on-Tangible-Asset 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:00804 vs MS, GS, SCHW: Return-on-Tangible-Asset Comparison
For the Capital Markets subindustry, Pinestone Capital's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
Pinestone Capital Return-on-Tangible-Asset vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Pinestone Capital's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Pinestone Capital's Return-on-Tangible-Asset 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 Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is two times the semi-annual (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 2.33% mean?
Pinestone Capital (HKSE:00804) has a Return-on-Tangible-Asset of 2.33% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Pinestone Capital and its competitors. According to the industry distribution chart, Pinestone Capital ranks #638 out of 810 companies in the Capital Markets industry, placing it in the top 78.8%.
Is Pinestone Capital's Return-on-Tangible-Asset too high?
Pinestone Capital's current Return-on-Tangible-Asset is 2.33%. The Capital Markets industry median Return-on-Tangible-Asset is 1.56. Pinestone Capital's value of 2.33% is 49.4% above this industry median. Based on the distribution chart, Pinestone Capital ranks #638 out of 810 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Pinestone Capital has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pinestone Capital's Return-on-Tangible-Asset compare to MS and GS?
According to the Capital Markets industry distribution chart, Pinestone Capital ranks #638 out of 810 companies for Return-on-Tangible-Asset. This places Pinestone Capital in the lower half of its industry. The industry median Return-on-Tangible-Asset is 1.56. Pinestone Capital's value of 2.33% is 49.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a Capital Markets company?
The median Return-on-Tangible-Asset among Capital Markets companies is 1.56, based on 810 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pinestone Capital's current Return-on-Tangible-Asset of 2.33% is 49.4% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Pinestone Capital and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Asset is 1.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pinestone Capital's current Return-on-Tangible-Asset is 2.33%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pinestone Capital stock overvalued right now?
Based on GuruFocus' analysis, Pinestone Capital (HKSE:00804) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$1.45, compared to a current price of HK$15.00 — trading 934.5% above its estimated fair value. The current Return-on-Tangible-Asset is 2.33% and 49.4% above the Capital Markets industry median of 1.56. Pinestone Capital's overall GF Score™ is 46/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Pinestone Capital (HKSE:00804), the current Return-on-Tangible-Asset is 2.33% as of Jun. 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 Pinestone Capital (HKSE:00804) Overvalued in 2026?
Based on GuruFocus' analysis, Pinestone Capital stock appears to be overvalued.
The current stock price of HK$15.00 is trading 934.5% above its estimated GF Value™ of HK$1.45.
GuruFocus considers Pinestone Capital to be Significantly Overvalued.
Key valuation signals for HKSE:00804:
Return-on-Tangible-Asset: 2.33%
GF Value™: HK$1.45 vs. price of HK$15.00 (934.5% above fair value)
Industry Position: 49.4% above the Capital Markets median (#638 of 810)
No single metric tells the full story. See the HKSE:00804 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pinestone Capital Ltd is an investment holding company principally engaged in the provision of financial services in Hong Kong. The group provides securities brokerage, placing and underwriting services, and securities-backed financing services for individual and corporate clients through its subsidiaries. The group derives its revenue mainly from interest income from financing services, commission income from brokerage services, and placing and underwriting income.
46GF Score
Get the complete analysis for HKSE:00804
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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