Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Henderson Land Development CoFRA:HLD +4.20%73 Return-on-Tangible-Equity is 1.71% as of Dec. 2025, which is 52% below its 10-year median of 3.57. GuruFocus rates FRA:HLD with a GF Score™ of 73/100 and a GF Value™ of €2.44 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,714 Real Estate companies, Henderson Land Development Co ranks worse than 62.08% 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. Henderson Land Development Co's annualized net income for the quarter that ended in Dec. 2025 was €603 Mil. Henderson Land Development Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €35,340 Mil. Therefore, Henderson Land Development Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 1.71%.
The historical rank and industry rank for Henderson Land Development Co's Return-on-Tangible-Equity or its related term are showing as below:
FRA:HLD'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.76 Med: 3.57 Max: 11.1
Current: 1.76
During the past 13 years, Henderson Land Development Co's highest Return-on-Tangible-Equity was 11.10%. The lowest was 1.76%. And the median was 3.57%.
FRA:HLD's Return-on-Tangible-Equity is ranked worse than 62.08% of 1714
companies
in the Real Estate industry
Industry Median: 4.27
vs FRA:HLD: 1.76
Henderson Land Development Co (FRA:HLD) 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.
Henderson Land Development Co Return-on-Tangible-Equity Related Terms
Henderson Land Development Co Return-on-Tangible-Equity Historical Data
* 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.
Henderson Land Development Co Return-on-Tangible-Equity Chart
Henderson Land Development Co Return-on-Tangible-Equity Competitor Comparison
For the Real Estate - Diversified subindustry, Henderson Land Development Co'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.
Henderson Land Development Co Return-on-Tangible-Equity vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Henderson Land Development Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Henderson Land Development Co'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 1.71% mean?
Henderson Land Development Co (FRA:HLD) has a Return-on-Tangible-Equity of 1.71% 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 Henderson Land Development Co and its competitors. This is 52% below median its historical median of 3.57. Over the past decade, Henderson Land Development Co's Return-on-Tangible-Equity has ranged from 1.76 to 11.10. According to the industry distribution chart, Henderson Land Development Co ranks #1064 out of 1714 companies in the Real Estate industry, placing it in the top 62.1%.
Is Henderson Land Development Co's Return-on-Tangible-Equity too high?
Henderson Land Development Co's current Return-on-Tangible-Equity of 1.71% is 52% below median its 10-year median of 3.57. Over the past 10 years, this metric has ranged from a low of 1.76 to a high of 11.10. The Real Estate industry median Return-on-Tangible-Equity is 4.27. Henderson Land Development Co's value of 1.71% is 60% below this industry median. Based on the distribution chart, Henderson Land Development Co ranks #1064 out of 1714 companies in the Real Estate industry, which is below the industry midpoint. Overall, Henderson Land Development Co has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Henderson Land Development Co's Return-on-Tangible-Equity compare to competitors?
According to the Real Estate industry distribution chart, Henderson Land Development Co ranks #1064 out of 1714 companies for Return-on-Tangible-Equity. This places Henderson Land Development Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 4.27. Henderson Land Development Co's value of 1.71% is 60% below this benchmark. Historically, Henderson Land Development Co's own Return-on-Tangible-Equity has ranged from 1.76 to 11.10 over the past decade. While the company's 10-year median is 3.57 vs. the industry median of 4.27, Henderson Land Development Co 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 4.27, 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. Henderson Land Development Co's current Return-on-Tangible-Equity of 1.71% is 60% 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 Henderson Land Development Co and its competitors. For the Real Estate industry, the median Return-on-Tangible-Equity is 4.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Henderson Land Development Co's current Return-on-Tangible-Equity is 1.71%, which is 52% below median its own 10-year median of 3.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Henderson Land Development Co stock overvalued right now?
Based on GuruFocus' analysis, Henderson Land Development Co (FRA:HLD) is currently considered Modestly Overvalued. The stock's GF Value™ is €2.44, compared to a current price of €2.97 — trading 21.9% above its estimated fair value. The current Return-on-Tangible-Equity is 1.71%, which is 52% below median its 10-year median of 3.57 and 60% below the Real Estate industry median of 4.27. Henderson Land Development Co's overall GF Score™ is 73/100 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 Henderson Land Development Co (FRA:HLD), the current Return-on-Tangible-Equity is 1.71% 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 Henderson Land Development Co (FRA:HLD) Overvalued in 2026?
Based on GuruFocus' analysis, Henderson Land Development Co stock appears to be overvalued.
The current stock price of €2.97 is trading 21.9% above its estimated GF Value™ of €2.44.
GuruFocus considers Henderson Land Development Co to be Modestly Overvalued.
Key valuation signals for FRA:HLD:
Return-on-Tangible-Equity: 1.71% (52% below median its 10-year median of 3.57)
GF Value™: €2.44 vs. price of €2.97 (21.9% above fair value)
Industry Position: 60% below the Real Estate median (#1064 of 1714)
No single metric tells the full story. See the FRA:HLD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Henderson Land Development Co Business Description
Henderson Land Development is a leading property developer in Hong Kong with a focus on urban redevelopment and farmland conversion. The company was founded in 1976, listed in 1981. Henderson Land directly controls four listed entities, including a 69% stake in Henderson Investment, a 41.5% stake in Hong Kong and China Gas, a 33.4% stake in Hong Kong Ferry, and a 50.1% stake in Miramar Hotel & Investment.
73GF Score
Get the complete analysis for FRA:HLD
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:HLD has been successfully added to your 
