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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. Link Holdings's annualizedNet Income for the quarter that ended in Jun. 2025 was HK$-84.41 Mil. Link Holdings's average total tangible assets for the quarter that ended in Jun. 2025 was HK$470.66 Mil. Therefore, Link Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2025 was -33.52%.
The historical rank and industry rank for Link Holdings's Return-on-Tangible-Asset or its related term are showing as below:
HKSE:08237'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -29.97 Med: -6.89 Max: 69.15
Current: 69.15
During the past 13 years, Link Holdings's highest Return-on-Tangible-Asset was 69.15%. The lowest was -29.97%. And the median was -6.89%.
HKSE:08237's Return-on-Tangible-Asset is ranked better than 99.65% of 853
companies
in the Travel & Leisure industry
Industry Median: 2.73
vs HKSE:08237: 69.15
Link Holdings (HKSE:08237) 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.
Link Holdings Return-on-Tangible-Asset Related Terms
Link Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Link 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:08237 vs MAR, HLT, H: Return-on-Tangible-Asset Comparison
For the Lodging subindustry, Link 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.
Link Holdings Return-on-Tangible-Asset vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Link Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Link 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. 2025) net income data.
What does a Return-on-Tangible-Asset of -33.52% mean?
Link Holdings (HKSE:08237) has a Return-on-Tangible-Asset of -33.52% as of Jun. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Link Holdings and its competitors. According to the industry distribution chart, Link Holdings ranks #3 out of 853 companies in the Travel & Leisure industry, placing it in the top 0.40000000000001%.
Is Link Holdings' Return-on-Tangible-Asset too high?
Link Holdings' current Return-on-Tangible-Asset is -33.52%. Based on the distribution chart, Link Holdings ranks #3 out of 853 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Link Holdings has a GF Score™ of 32/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Link Holdings' Return-on-Tangible-Asset compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, Link Holdings ranks #3 out of 853 companies for Return-on-Tangible-Asset. This places Link Holdings in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.73. 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 Travel & Leisure company?
The median Return-on-Tangible-Asset among Travel & Leisure companies is 2.73, based on 853 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. 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 Link Holdings and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Asset is 2.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Link Holdings's current Return-on-Tangible-Asset is -33.52%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Link Holdings stock overvalued right now?
Based on GuruFocus' analysis, Link Holdings (HKSE:08237) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.14, compared to a current price of HK$0.83 — trading 492.9% above its estimated fair value. The current Return-on-Tangible-Asset is -33.52%. Link Holdings' overall GF Score™ is 32/100 with 10 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 Link Holdings (HKSE:08237), the current Return-on-Tangible-Asset is -33.52% as of Jun. 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 Link Holdings (HKSE:08237) Overvalued in 2026?
Based on GuruFocus' analysis, Link Holdings stock appears to be overvalued.
The current stock price of HK$0.83 is trading 492.9% above its estimated GF Value™ of HK$0.14.
GuruFocus considers Link Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:08237:
Return-on-Tangible-Asset: -33.52%
GF Value™: HK$0.14 vs. price of HK$0.83 (492.9% above fair value)
No single metric tells the full story. See the HKSE:08237 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Link Holdings Ltd is an investment holding company engaged in the operation of hotel services and property investment in the Southeast Asia region. The Company's reportable segments are: operation of hotel business in Singapore, Indonesia, and Japan; and distressed debt asset management in the PRC. The majority of the Company's revenue is generated from the operation of the hotel business in Japan.
32GF Score
Get the complete analysis for HKSE:08237
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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