Goldstone Capital Group (HKSE:01160) Return-on-Tangible-Equity: -303.14% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

HKSE:01160 Goldstone Capital Group Ltd HKSE:01160
27 GF Score
Price HK$0.49
! 2 Warning Signs
View Full Analysis

What is Goldstone Capital Group Return-on-Tangible-Equity?

Goldstone Capital Group HKSE:01160 27 Return-on-Tangible-Equity is -303.14% as of Mar. 2026. GuruFocus rates HKSE:01160 with a GF Score™ of 27/100. The stock has 2 warning signs investors should review. Among 1,587 Asset Management companies, Goldstone Capital Group ranks worse than 98.3% 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. Goldstone Capital Group's annualized net income for the quarter that ended in Mar. 2026 was HK$-6.85 Mil. Goldstone Capital Group's average shareholder tangible equity for the quarter that ended in Mar. 2026 was HK$2.26 Mil. Therefore, Goldstone Capital Group's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -303.14%.

The historical rank and industry rank for Goldstone Capital Group's Return-on-Tangible-Equity or its related term are showing as below:

HKSE:01160' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -866.94   Med: -53.44   Max: -18.02
Current: -165.57

During the past 13 years, Goldstone Capital Group's highest Return-on-Tangible-Equity was -18.02%. The lowest was -866.94%. And the median was -53.44%.

HKSE:01160's Return-on-Tangible-Equity is ranked worse than
98.3% of 1587 companies
in the Asset Management industry
Industry Median: 7.5 vs HKSE:01160: -165.57

Goldstone Capital Group  (HKSE:01160) 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.


Goldstone Capital Group Return-on-Tangible-Equity Related Terms


Goldstone Capital Group Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Goldstone Capital Group'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.

Goldstone Capital Group Return-on-Tangible-Equity Chart

Goldstone Capital Group Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -41.33 -37.20 -53.24 -62.11 -170.16

Goldstone Capital Group Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -60.63 -54.39 -72.91 -104.65 -303.14

HKSE:01160 vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison

For the Asset Management subindustry, Goldstone Capital Group'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.


Goldstone Capital Group Return-on-Tangible-Equity vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Goldstone Capital Group's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Goldstone Capital Group's Return-on-Tangible-Equity falls into.


HKSE:01160
27GF Score
Goldstone Capital Group Ltd HKSE:01160
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Goldstone Capital Group Return-on-Tangible-Equity Calculation

Goldstone Capital Group's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=-6.238/( (6.785+0.547 )/ 2 )
=-6.238/3.666
=-170.16 %

Goldstone Capital Group's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2026 )  (Q: Sep. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Sep. 2025 )(Q: Mar. 2026 )
=-6.848/( (3.971+0.547)/ 2 )
=-6.848/2.259
=-303.14 %

* 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 (Mar. 2026) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

What does a Return-on-Tangible-Equity of -303.14% mean?
Goldstone Capital Group (HKSE:01160) has a Return-on-Tangible-Equity of -303.14% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Goldstone Capital Group and its competitors. According to the industry distribution chart, Goldstone Capital Group ranks #1560 out of 1587 companies in the Asset Management industry, placing it in the top 98.3%.
Is Goldstone Capital Group's Return-on-Tangible-Equity too high?
Goldstone Capital Group's current Return-on-Tangible-Equity is -303.14%. Based on the distribution chart, Goldstone Capital Group ranks #1560 out of 1587 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Goldstone Capital Group has a GF Score™ of 27/100, reflecting its overall financial health beyond just this single metric.
How does Goldstone Capital Group's Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, Goldstone Capital Group ranks #1560 out of 1587 companies for Return-on-Tangible-Equity. This places Goldstone Capital Group in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.50. 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 Asset Management company?
The median Return-on-Tangible-Equity among Asset Management companies is 7.50, based on 1,587 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 Goldstone Capital Group and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Goldstone Capital Group's current Return-on-Tangible-Equity is -303.14%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Goldstone Capital Group stock overvalued right now?
Goldstone Capital Group (HKSE:01160) has a current Return-on-Tangible-Equity of -303.14%. The current Return-on-Tangible-Equity is -303.14%. Goldstone Capital Group's overall GF Score™ is 27/100 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 Goldstone Capital Group (HKSE:01160), the current Return-on-Tangible-Equity is -303.14% as of Mar. 2026. 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.

Goldstone Capital Group Business Description

Address 12 Harcourt Road, Room 1801A, 18th Floor, Bank of America Tower, Admiralty, Hong Kong, HKG
Goldstone Capital Group Ltd is an investment holding company. The company is principally engaged in investing in listed and unlisted enterprises established in Hong Kong, the People's Republic of China, and other regions with the potential for earnings growth and capital appreciation. It generates revenue from Dividend income and Interest income.
27GF Score

Get the complete analysis for HKSE:01160

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$0.49
Price