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.
SilkwaveHKSE:00471 19 Return-on-Tangible-Equity is -4.13% as of Dec. 2025. GuruFocus rates HKSE:00471 with a GF Score™ of 19/100 and a GF Value™ of HK$0.63 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 2,370 Hardware companies, Silkwave ranks worse than 87.72% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Silkwave's annualized net income for the quarter that ended in Dec. 2025 was HK$-1.00 Mil. Silkwave's average shareholder tangible equity for the quarter that ended in Dec. 2025 was HK$24.09 Mil. Therefore, Silkwave's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was -4.13%.
The historical rank and industry rank for Silkwave's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:00471'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -448.63 Med: -72.28 Max: 21.83
Current: -18.52
During the past 13 years, Silkwave's highest Return-on-Tangible-Equity was 21.83%. The lowest was -448.63%. And the median was -72.28%.
HKSE:00471's Return-on-Tangible-Equity is ranked worse than 87.72% of 2370
companies
in the Hardware industry
Industry Median: 6.335
vs HKSE:00471: -18.52
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.
Silkwave Return-on-Tangible-Equity Related Terms
Silkwave Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Silkwave'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.
HKSE:00471 vs SNX, ARW, AVT: Return-on-Tangible-Equity Comparison
For the Electronics & Computer Distribution subindustry, Silkwave'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.
Silkwave Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Silkwave's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Silkwave'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 -4.13% mean?
Silkwave (HKSE:00471) has a Return-on-Tangible-Equity of -4.13% 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 Silkwave and its competitors. According to the industry distribution chart, Silkwave ranks #2079 out of 2370 companies in the Hardware industry, placing it in the top 87.7%.
Is Silkwave's Return-on-Tangible-Equity too high?
Silkwave's current Return-on-Tangible-Equity is -4.13%. Based on the distribution chart, Silkwave ranks #2079 out of 2370 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Silkwave has a GF Score™ of 19/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Silkwave's Return-on-Tangible-Equity compare to SNX and ARW?
According to the Hardware industry distribution chart, Silkwave ranks #2079 out of 2370 companies for Return-on-Tangible-Equity. This places Silkwave in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.34. 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 Hardware company?
The median Return-on-Tangible-Equity among Hardware companies is 6.34, based on 2,370 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 Silkwave and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 6.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Silkwave's current Return-on-Tangible-Equity is -4.13%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Silkwave stock overvalued right now?
Based on GuruFocus' analysis, Silkwave (HKSE:00471) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.63, compared to a current price of HK$0.12 — trading 80.5% below its estimated fair value. The current Return-on-Tangible-Equity is -4.13%. Silkwave's overall GF Score™ is 19/100 with 5 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 Silkwave (HKSE:00471), the current Return-on-Tangible-Equity is -4.13% 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 Silkwave (HKSE:00471) Overvalued in 2026?
Based on GuruFocus' analysis, Silkwave stock appears to be undervalued.
The current stock price of HK$0.12 is trading 80.5% below its estimated GF Value™ of HK$0.63.
GuruFocus considers Silkwave to be Possible Value Trap.
Key valuation signals for HKSE:00471:
Return-on-Tangible-Equity: -4.13%
GF Value™: HK$0.63 vs. price of HK$0.12 (80.5% below fair value)
No single metric tells the full story. See the HKSE:00471 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Silkwave Inc along with its subsidiaries, is principally engaged in the development and promotion of converged mobile multimedia broadcasting (CMMB)-based multimedia and interactive services via proprietary terrestrial infrastructure. The business operates through two segments: the CMMB business, which provides transmission and broadcasting of television programs, and the Trading Business, which trades printed circuit board material. The majority is from the Trading business. Geographically, it operates in the United States, Taiwan, PRC, and Hong Kong. The majority is derived from United States.
19GF Score
Get the complete analysis for HKSE:00471
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
HKSE:00471 has been successfully added to your 
