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San Miguel Brewery Hong KongHKSE:00236 -0.91%51 Return-on-Tangible-Equity is 7.58% as of Dec. 2025, which is 175% above its 10-year median of 2.76. GuruFocus rates HKSE:00236 with a GF Score™ of 51/100 and a GF Value™ of HK$0.91 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 200 Beverages - Alcoholic companies, San Miguel Brewery Hong Kong ranks worse than 58.5% 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. San Miguel Brewery Hong Kong's annualized net income for the quarter that ended in Dec. 2025 was HK$53.0 Mil. San Miguel Brewery Hong Kong's average shareholder tangible equity for the quarter that ended in Dec. 2025 was HK$698.8 Mil. Therefore, San Miguel Brewery Hong Kong's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 7.58%.
The historical rank and industry rank for San Miguel Brewery Hong Kong's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:00236'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -14 Med: 2.76 Max: 13.17
Current: 5.25
During the past 13 years, San Miguel Brewery Hong Kong's highest Return-on-Tangible-Equity was 13.17%. The lowest was -14.00%. And the median was 2.76%.
HKSE:00236's Return-on-Tangible-Equity is ranked worse than 58.5% of 200
companies
in the Beverages - Alcoholic industry
Industry Median: 8.51
vs HKSE:00236: 5.25
San Miguel Brewery Hong Kong (HKSE:00236) 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.
San Miguel Brewery Hong Kong Return-on-Tangible-Equity Related Terms
San Miguel Brewery Hong Kong 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.
San Miguel Brewery Hong Kong Return-on-Tangible-Equity Chart
HKSE:00236 vs STZ: Return-on-Tangible-Equity Comparison
For the Beverages - Brewers subindustry, San Miguel Brewery Hong Kong'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.
San Miguel Brewery Hong Kong Return-on-Tangible-Equity vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, San Miguel Brewery Hong Kong's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where San Miguel Brewery Hong Kong'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 7.58% mean?
San Miguel Brewery Hong Kong (HKSE:00236) has a Return-on-Tangible-Equity of 7.58% 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 San Miguel Brewery Hong Kong and its competitors. This is 175% above median its historical median of 2.76. According to the industry distribution chart, San Miguel Brewery Hong Kong ranks #117 out of 200 companies in the Beverages - Alcoholic industry, placing it in the top 58.5%.
Is San Miguel Brewery Hong Kong's Return-on-Tangible-Equity too high?
San Miguel Brewery Hong Kong's current Return-on-Tangible-Equity of 7.58% is 175% above median its 10-year median of 2.76. The Beverages - Alcoholic industry median Return-on-Tangible-Equity is 8.51. San Miguel Brewery Hong Kong's value of 7.58% is 10.9% below this industry median. Based on the distribution chart, San Miguel Brewery Hong Kong ranks #117 out of 200 companies in the Beverages - Alcoholic industry, which is below the industry midpoint. Overall, San Miguel Brewery Hong Kong has a GF Score™ of 51/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does San Miguel Brewery Hong Kong's Return-on-Tangible-Equity compare to STZ?
According to the Beverages - Alcoholic industry distribution chart, San Miguel Brewery Hong Kong ranks #117 out of 200 companies for Return-on-Tangible-Equity. This places San Miguel Brewery Hong Kong in the lower half of its industry. The industry median Return-on-Tangible-Equity is 8.51. San Miguel Brewery Hong Kong's value of 7.58% is 10.9% below this benchmark. While the company's 10-year median is 2.76 vs. the industry median of 8.51, San Miguel Brewery Hong Kong 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 Beverages - Alcoholic company?
The median Return-on-Tangible-Equity among Beverages - Alcoholic companies is 8.51, based on 200 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. San Miguel Brewery Hong Kong's current Return-on-Tangible-Equity of 7.58% is 10.9% 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 San Miguel Brewery Hong Kong and its competitors. For the Beverages - Alcoholic industry, the median Return-on-Tangible-Equity is 8.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. San Miguel Brewery Hong Kong's current Return-on-Tangible-Equity is 7.58%, which is 175% above median its own 10-year median of 2.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is San Miguel Brewery Hong Kong stock overvalued right now?
Based on GuruFocus' analysis, San Miguel Brewery Hong Kong (HKSE:00236) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$0.91, compared to a current price of HK$1.09 — trading 19.8% above its estimated fair value. The current Return-on-Tangible-Equity is 7.58%, which is 175% above median its 10-year median of 2.76 and 10.9% below the Beverages - Alcoholic industry median of 8.51. San Miguel Brewery Hong Kong's overall GF Score™ is 51/100 with 1 warning sign 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 San Miguel Brewery Hong Kong (HKSE:00236), the current Return-on-Tangible-Equity is 7.58% 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 San Miguel Brewery Hong Kong (HKSE:00236) Overvalued in 2026?
Based on GuruFocus' analysis, San Miguel Brewery Hong Kong stock appears to be overvalued.
The current stock price of HK$1.09 is trading 19.8% above its estimated GF Value™ of HK$0.91.
GuruFocus considers San Miguel Brewery Hong Kong to be Modestly Overvalued.
Key valuation signals for HKSE:00236:
Return-on-Tangible-Equity: 7.58% (175% above median its 10-year median of 2.76)
GF Value™: HK$0.91 vs. price of HK$1.09 (19.8% above fair value)
Industry Position: 10.9% below the Beverages - Alcoholic median (#117 of 200)
No single metric tells the full story. See the HKSE:00236 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
San Miguel Brewery Hong Kong Ltd is engaged in the manufacturing and distribution of bottled, canned, and draught beers. Its two reportable segments are: The Hong Kong operations comprise the manufacture and distribution of own brewed beer products and the distribution of imported beer products in Hong Kong and overseas; and The Mainland China operations comprise the manufacture and distribution of own-brewed beer products in the southern part of the People's Republic of China and overseas. It derives the majority of its revenue from Hong Kong.
51GF Score
Get the complete analysis for HKSE:00236
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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