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Zero2IPO HoldingsHKSE:01945 +3.70%88 Return-on-Tangible-Asset is 6.08% as of Jun. 2026, which is 19% below its 10-year median of 7.53. GuruFocus rates HKSE:01945 with a GF Score™ of 88/100 and a GF Value™ of HK$1.71 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 586 Diversified Financial Services companies, Zero2IPO Holdings ranks better than 97.44% on this metric.
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. Zero2IPO Holdings's annualizedNet Income for the quarter that ended in Jun. 2026 was HK$34.7 Mil. Zero2IPO Holdings's average total tangible assets for the quarter that ended in Jun. 2026 was HK$1,136.5 Mil. Therefore, Zero2IPO Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 6.08%.
The historical rank and industry rank for Zero2IPO Holdings's Return-on-Tangible-Asset or its related term are showing as below:
HKSE:01945'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.6 Med: 7.53 Max: 18.95
Current: 10.96
During the past 9 years, Zero2IPO Holdings's highest Return-on-Tangible-Asset was 18.95%. The lowest was 1.60%. And the median was 7.53%.
HKSE:01945's Return-on-Tangible-Asset is ranked better than 97.44% of 586
companies
in the Diversified Financial Services industry
Industry Median: 1.19
vs HKSE:01945: 10.96
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.
Zero2IPO Holdings Return-on-Tangible-Asset Related Terms
Zero2IPO Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Zero2IPO Holdings'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:01945 vs FRHC, VOYA: Return-on-Tangible-Asset Comparison
For the Financial Conglomerates subindustry, Zero2IPO Holdings'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.
Zero2IPO Holdings Return-on-Tangible-Asset vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Zero2IPO Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Zero2IPO Holdings'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 6.08% mean?
Zero2IPO Holdings (HKSE:01945) has a Return-on-Tangible-Asset of 6.08% 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 Zero2IPO Holdings and its competitors. This is 19% below median its historical median of 7.53. Over the past decade, Zero2IPO Holdings' Return-on-Tangible-Asset has ranged from 1.60 to 18.95. According to the industry distribution chart, Zero2IPO Holdings ranks #15 out of 586 companies in the Diversified Financial Services industry, placing it in the top 2.6%.
Is Zero2IPO Holdings' Return-on-Tangible-Asset too high?
Zero2IPO Holdings' current Return-on-Tangible-Asset of 6.08% is 19% below median its 10-year median of 7.53. Over the past 10 years, this metric has ranged from a low of 1.60 to a high of 18.95. The Diversified Financial Services industry median Return-on-Tangible-Asset is 1.19. Zero2IPO Holdings' value of 6.08% is 410.9% above this industry median. Based on the distribution chart, Zero2IPO Holdings ranks #15 out of 586 companies in the Diversified Financial Services industry, which is in the top quartile — a strong position relative to peers. Overall, Zero2IPO Holdings has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zero2IPO Holdings' Return-on-Tangible-Asset compare to FRHC and VOYA?
According to the Diversified Financial Services industry distribution chart, Zero2IPO Holdings ranks #15 out of 586 companies for Return-on-Tangible-Asset. This places Zero2IPO Holdings in the top 3% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.19. Zero2IPO Holdings' value of 6.08% is 410.9% above this benchmark. Historically, Zero2IPO Holdings' own Return-on-Tangible-Asset has ranged from 1.60 to 18.95 over the past decade. While the company's 10-year median is 7.53 vs. the industry median of 1.19, Zero2IPO 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 Return-on-Tangible-Asset for a Diversified Financial Services company?
The median Return-on-Tangible-Asset among Diversified Financial Services companies is 1.19, based on 586 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. Zero2IPO Holdings's current Return-on-Tangible-Asset of 6.08% is 410.9% 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 Zero2IPO Holdings and its competitors. For the Diversified Financial Services industry, the median Return-on-Tangible-Asset is 1.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zero2IPO Holdings's current Return-on-Tangible-Asset is 6.08%, which is 19% below median its own 10-year median of 7.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zero2IPO Holdings stock overvalued right now?
Based on GuruFocus' analysis, Zero2IPO Holdings (HKSE:01945) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$1.71, compared to a current price of HK$1.40 — trading 18.1% below its estimated fair value. The current Return-on-Tangible-Asset is 6.08%, which is 19% below median its 10-year median of 7.53 and 410.9% above the Diversified Financial Services industry median of 1.19. Zero2IPO Holdings' overall GF Score™ is 88/100 with 2 warning signs 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 Zero2IPO Holdings (HKSE:01945), the current Return-on-Tangible-Asset is 6.08% 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 Zero2IPO Holdings (HKSE:01945) Overvalued in 2026?
Based on GuruFocus' analysis, Zero2IPO Holdings stock appears to be undervalued.
The current stock price of HK$1.40 is trading 18.1% below its estimated GF Value™ of HK$1.71.
GuruFocus considers Zero2IPO Holdings to be Modestly Undervalued.
Key valuation signals for HKSE:01945:
Return-on-Tangible-Asset: 6.08% (19% below median its 10-year median of 7.53)
GF Value™: HK$1.71 vs. price of HK$1.40 (18.1% below fair value)
Industry Position: 410.9% above the Diversified Financial Services median (#15 of 586)
No single metric tells the full story. See the HKSE:01945 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zero2IPO Holdings Inc is an integrated service platform for the equity investment industry. It provides data, marketing, consulting, and training services to participants in the equity investment industry. Its segment includes Data services that focus on providing information data and research reports; Marketing services that focuses on providing information, industry exchanges, and brand promotion; Investment Banking Services for the venture capital industry; Training services that focus on talent training in the venture capital industry and provide professional entrepreneurship and investment training services. The majority of the revenue comes from the Investment Banking Services. Geographically, the company generates almost all of its revenue from PRC.
88GF Score
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