Hang Lung PropertiesFRA:AOP -0.40%81 Return-on-Tangible-Equity is 1.33% as of Dec. 2025, which is 54% below its 10-year median of 2.89. GuruFocus rates FRA:AOP with a GF Score™ of 81/100 and a GF Value™ of €0.85. The stock has 7 warning signs investors should review. Among 1,714 Real Estate companies, Hang Lung Properties ranks worse than 64.59% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Hang Lung Properties's annualized net income for the quarter that ended in Dec. 2025 was €196 Mil. Hang Lung Properties's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €14,747 Mil. Therefore, Hang Lung Properties's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 1.33%.
The historical rank and industry rank for Hang Lung Properties's Return-on-Tangible-Equity or its related term are showing as below:
FRA:AOP'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -1.86 Med: 2.89 Max: 6.18
Current: 1.36
During the past 13 years, Hang Lung Properties's highest Return-on-Tangible-Equity was 6.18%. The lowest was -1.86%. And the median was 2.89%.
FRA:AOP's Return-on-Tangible-Equity is ranked worse than 64.59% of 1714
companies
in the Real Estate industry
Industry Median: 4.325
vs FRA:AOP: 1.36
Hang Lung Properties (FRA:AOP) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Hang Lung Properties Return-on-Tangible-Equity Related Terms
Hang Lung Properties Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Hang Lung Properties's Return-on-Tangible-Equity 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.
Hang Lung Properties Return-on-Tangible-Equity Chart
FRA:AOP vs CBRE, BEKE, JLL: Return-on-Tangible-Equity Comparison
For the Real Estate Services subindustry, Hang Lung Properties's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
Hang Lung Properties Return-on-Tangible-Equity vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Hang Lung Properties's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Hang Lung Properties's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is two times the semi-annual (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 1.33% mean?
Hang Lung Properties (FRA:AOP) has a Return-on-Tangible-Equity of 1.33% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Hang Lung Properties and its competitors. This is 54% below median its historical median of 2.89. According to the industry distribution chart, Hang Lung Properties ranks #1107 out of 1714 companies in the Real Estate industry, placing it in the top 64.6%.
Is Hang Lung Properties' Return-on-Tangible-Equity too high?
Hang Lung Properties' current Return-on-Tangible-Equity of 1.33% is 54% below median its 10-year median of 2.89. The Real Estate industry median Return-on-Tangible-Equity is 4.33. Hang Lung Properties' value of 1.33% is 69.2% below this industry median. Based on the distribution chart, Hang Lung Properties ranks #1107 out of 1714 companies in the Real Estate industry, which is below the industry midpoint. Overall, Hang Lung Properties has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Hang Lung Properties' Return-on-Tangible-Equity compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Hang Lung Properties ranks #1107 out of 1714 companies for Return-on-Tangible-Equity. This places Hang Lung Properties in the lower half of its industry. The industry median Return-on-Tangible-Equity is 4.33. Hang Lung Properties' value of 1.33% is 69.2% below this benchmark. While the company's 10-year median is 2.89 vs. the industry median of 4.33, Hang Lung Properties has consistently been below 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-Equity for a Real Estate company?
The median Return-on-Tangible-Equity among Real Estate companies is 4.33, based on 1,714 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hang Lung Properties's current Return-on-Tangible-Equity of 1.33% is 69.2% below 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Hang Lung Properties and its competitors. For the Real Estate industry, the median Return-on-Tangible-Equity is 4.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hang Lung Properties's current Return-on-Tangible-Equity is 1.33%, which is 54% below median its own 10-year median of 2.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hang Lung Properties stock overvalued right now?
Hang Lung Properties (FRA:AOP) has a current Return-on-Tangible-Equity of 1.33%. The stock's GF Value™ is €0.85, compared to a current price of €0.75 — trading 11.6% below its estimated fair value. The current Return-on-Tangible-Equity is 1.33%, which is 54% below median its 10-year median of 2.89 and 69.2% below the Real Estate industry median of 4.33. Hang Lung Properties' overall GF Score™ is 81/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Hang Lung Properties (FRA:AOP), the current Return-on-Tangible-Equity is 1.33% 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 Hang Lung Properties (FRA:AOP) Overvalued in 2026?
Based on GuruFocus' analysis, Hang Lung Properties stock appears to be undervalued.
The current stock price of €0.75 is trading 11.6% below its estimated GF Value™ of €0.85.
Key valuation signals for FRA:AOP:
Return-on-Tangible-Equity: 1.33% (54% below median its 10-year median of 2.89)
GF Value™: €0.85 vs. price of €0.75 (11.6% below fair value)
Industry Position: 69.2% below the Real Estate median (#1107 of 1714)
No single metric tells the full story. See the FRA:AOP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hung Lung Properties, or HLP, is the property arm of Hang Lung Group Limited and primarily operates premium commercial properties in mainland China and Hong Kong. The company also develops and sells residential properties in both regions. Most of its revenue is generated from mainland China, with focus on retail malls in Tier 1 and 2 cities including Shanghai, Wuxi, Hangzhou, Wuhan, Kunming, Jinan, Dalian, Shenyang and Tianjin. The company is 59% owned by Hang Lung Group.
81GF Score
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