Power Assets HoldingsHGKGF 67 Return-on-Tangible-Equity is 7.14% as of Dec. 2025, which is 1% above its 10-year median of 7.09. GuruFocus rates HGKGF with a GF Score™ of 67/100 and a GF Value™ of $4.13 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 426 Utilities - Independent Power Producers companies, Power Assets Holdings ranks better than 57.28% 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. Power Assets Holdings's annualized net income for the quarter that ended in Dec. 2025 was $821.0 Mil. Power Assets Holdings's average shareholder tangible equity for the quarter that ended in Dec. 2025 was $11,494.6 Mil. Therefore, Power Assets Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 7.14%.
The historical rank and industry rank for Power Assets Holdings's Return-on-Tangible-Equity or its related term are showing as below:
HGKGF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.3 Med: 7.09 Max: 8.53
Current: 7.01
During the past 13 years, Power Assets Holdings's highest Return-on-Tangible-Equity was 8.53%. The lowest was 5.30%. And the median was 7.09%.
HGKGF's Return-on-Tangible-Equity is ranked better than 57.28% of 426
companies
in the Utilities - Independent Power Producers industry
Industry Median: 4.695
vs HGKGF: 7.01
Power Assets Holdings (OTCPK:HGKGF) 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.
Power Assets Holdings Return-on-Tangible-Equity Related Terms
Power Assets Holdings Return-on-Tangible-Equity Historical Data
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The historical data trend for Power Assets Holdings'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.
Power Assets Holdings Return-on-Tangible-Equity Chart
HGKGF vs CEG, VST, NRG: Return-on-Tangible-Equity Comparison
For the Utilities - Independent Power Producers subindustry, Power Assets Holdings'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.
Power Assets Holdings Return-on-Tangible-Equity vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Power Assets Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Power Assets Holdings'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 7.14% mean?
Power Assets Holdings (HGKGF) has a Return-on-Tangible-Equity of 7.14% 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 Power Assets Holdings and its competitors. This is near median its historical median of 7.09. Over the past decade, Power Assets Holdings' Return-on-Tangible-Equity has ranged from 5.30 to 8.53. According to the industry distribution chart, Power Assets Holdings ranks #182 out of 426 companies in the Utilities - Independent Power Producers industry, placing it in the top 42.7%.
Is Power Assets Holdings' Return-on-Tangible-Equity too high?
Power Assets Holdings' current Return-on-Tangible-Equity of 7.14% is near median its 10-year median of 7.09. Over the past 10 years, this metric has ranged from a low of 5.30 to a high of 8.53. The Utilities - Independent Power Producers industry median Return-on-Tangible-Equity is 4.70. Power Assets Holdings' value of 7.14% is 52.1% above this industry median. Based on the distribution chart, Power Assets Holdings ranks #182 out of 426 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Power Assets Holdings has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Power Assets Holdings' Return-on-Tangible-Equity compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Power Assets Holdings ranks #182 out of 426 companies for Return-on-Tangible-Equity. This puts Power Assets Holdings in the upper half of its industry. The industry median Return-on-Tangible-Equity is 4.70. Power Assets Holdings' value of 7.14% is 52.1% above this benchmark. Historically, Power Assets Holdings' own Return-on-Tangible-Equity has ranged from 5.30 to 8.53 over the past decade. While the company's 10-year median is 7.09 vs. the industry median of 4.70, Power Assets 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-Equity for an Utilities - Independent Power Producers company?
The median Return-on-Tangible-Equity among Utilities - Independent Power Producers companies is 4.70, based on 426 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. Power Assets Holdings's current Return-on-Tangible-Equity of 7.14% is 52.1% 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-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 Power Assets Holdings and its competitors. For the Utilities - Independent Power Producers industry, the median Return-on-Tangible-Equity is 4.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Power Assets Holdings's current Return-on-Tangible-Equity is 7.14%, which is near median its own 10-year median of 7.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Power Assets Holdings stock overvalued right now?
Based on GuruFocus' analysis, Power Assets Holdings (HGKGF) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.13, compared to a current price of $8.57 — trading 107.5% above its estimated fair value. The current Return-on-Tangible-Equity is 7.14%, which is near median its 10-year median of 7.09 and 52.1% above the Utilities - Independent Power Producers industry median of 4.70. Power Assets Holdings' overall GF Score™ is 67/100 with 4 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 Power Assets Holdings (HGKGF), the current Return-on-Tangible-Equity is 7.14% 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 Power Assets Holdings (HGKGF) Overvalued in 2026?
Based on GuruFocus' analysis, Power Assets Holdings stock appears to be overvalued.
The current stock price of $8.57 is trading 107.5% above its estimated GF Value™ of $4.13.
GuruFocus considers Power Assets Holdings to be Significantly Overvalued.
Key valuation signals for HGKGF:
Return-on-Tangible-Equity: 7.14% (near median its 10-year median of 7.09)
GF Value™: $4.13 vs. price of $8.57 (107.5% above fair value)
Industry Position: 52.1% above the Utilities - Independent Power Producers median (#182 of 426)
No single metric tells the full story. See the HGKGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Power Assets Holdings is an investment holding company with a focus on regulated utility assets. The firm owns a portfolio of regulated electricity and gas assets and similarly stable utilities in Hong Kong, the UK, Australia, Canada, the Netherlands, Thailand, and New Zealand. Profit from its regulated assets contributes around 80% of total income, with earnings from its UK and Australian assets totaling around 65% of group profit. The firm is part of CK Hutchison Holdings, a Hong Kong-based multinational conglomerate, and is currently 36% owned by CKI Holdings.
67GF Score
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