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Top Form InternationalHKSE:00333 26 Return-on-Tangible-Equity is -24.53% as of Dec. 2025. GuruFocus rates HKSE:00333 with a GF Score™ of 26/100 and a GF Value™ of HK$0.29 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 1,024 Manufacturing - Apparel & Accessories companies, Top Form International ranks worse than 89.84% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Top Form International's annualized net income for the quarter that ended in Dec. 2025 was HK$-83 Mil. Top Form International's average shareholder tangible equity for the quarter that ended in Dec. 2025 was HK$338 Mil. Therefore, Top Form International's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was -24.53%.
The historical rank and industry rank for Top Form International's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:00333'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -20.18 Med: 0.02 Max: 5.8
Current: -16.18
During the past 13 years, Top Form International's highest Return-on-Tangible-Equity was 5.80%. The lowest was -20.18%. And the median was 0.02%.
HKSE:00333's Return-on-Tangible-Equity is ranked worse than 89.84% of 1024
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.77
vs HKSE:00333: -16.18
Top Form International (HKSE:00333) 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.
Top Form International Return-on-Tangible-Equity Related Terms
Top Form International Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Top Form International'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.
Top Form International Return-on-Tangible-Equity Chart
HKSE:00333 vs RL, LEVI, VFC: Return-on-Tangible-Equity Comparison
For the Apparel Manufacturing subindustry, Top Form International'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.
Top Form International Return-on-Tangible-Equity vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Top Form International's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Top Form International'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 -24.53% mean?
Top Form International (HKSE:00333) has a Return-on-Tangible-Equity of -24.53% 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 Top Form International and its competitors. According to the industry distribution chart, Top Form International ranks #920 out of 1024 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 89.8%.
Is Top Form International's Return-on-Tangible-Equity too high?
Top Form International's current Return-on-Tangible-Equity is -24.53%. Based on the distribution chart, Top Form International ranks #920 out of 1024 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Top Form International has a GF Score™ of 26/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Top Form International's Return-on-Tangible-Equity compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Top Form International ranks #920 out of 1024 companies for Return-on-Tangible-Equity. This places Top Form International in the lower half of its industry. The industry median Return-on-Tangible-Equity is 4.77. 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 Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Equity among Manufacturing - Apparel & Accessories companies is 4.77, based on 1,024 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. 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 Top Form International and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Equity is 4.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Top Form International's current Return-on-Tangible-Equity is -24.53%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Top Form International stock overvalued right now?
Based on GuruFocus' analysis, Top Form International (HKSE:00333) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.29, compared to a current price of HK$0.20 — trading 29.7% below its estimated fair value. The current Return-on-Tangible-Equity is -24.53%. Top Form International's overall GF Score™ is 26/100 with 2 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 Top Form International (HKSE:00333), the current Return-on-Tangible-Equity is -24.53% 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 Top Form International (HKSE:00333) Overvalued in 2026?
Based on GuruFocus' analysis, Top Form International stock appears to be undervalued.
The current stock price of HK$0.20 is trading 29.7% below its estimated GF Value™ of HK$0.29.
GuruFocus considers Top Form International to be Possible Value Trap.
Key valuation signals for HKSE:00333:
Return-on-Tangible-Equity: -24.53%
GF Value™: HK$0.29 vs. price of HK$0.20 (29.7% below fair value)
No single metric tells the full story. See the HKSE:00333 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Top Form International Ltd is an investment holding company. The company designs, manufacture, and distributes ladies intimate apparel, principally brassieres. Geographically, it derives a majority of revenue from the United States of America and also has a presence in Belgium; Hong Kong, Cambodia, Myanmar, Indonesia, Netherlands; Spain; France; Sri Lanka; Canada; People's Republic of China; Germany; Italy; Mexico; and other countries.
26GF Score
Get the complete analysis for HKSE:00333
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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