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S.A.S. Dragon HoldingsHKSE:01184 +0.06%65 Return-on-Tangible-Equity is 19.07% as of Dec. 2025, which is 3% above its 10-year median of 18.43. GuruFocus rates HKSE:01184 with a GF Score™ of 65/100 and a GF Value™ of HK$5.08 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 2,374 Hardware companies, S.A.S. Dragon Holdings ranks better than 91.79% 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. S.A.S. Dragon Holdings's annualized net income for the quarter that ended in Dec. 2025 was HK$586 Mil. S.A.S. Dragon Holdings's average shareholder tangible equity for the quarter that ended in Dec. 2025 was HK$3,075 Mil. Therefore, S.A.S. Dragon Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 19.07%.
The historical rank and industry rank for S.A.S. Dragon Holdings's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:01184'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 15.04 Med: 18.43 Max: 33.83
Current: 33.25
During the past 13 years, S.A.S. Dragon Holdings's highest Return-on-Tangible-Equity was 33.83%. The lowest was 15.04%. And the median was 18.43%.
HKSE:01184's Return-on-Tangible-Equity is ranked better than 91.79% of 2374
companies
in the Hardware industry
Industry Median: 6.305
vs HKSE:01184: 33.25
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.
S.A.S. Dragon Holdings Return-on-Tangible-Equity Related Terms
S.A.S. Dragon Holdings Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for S.A.S. Dragon 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.
HKSE:01184 vs SNX, ARW, AVT: Return-on-Tangible-Equity Comparison
For the Electronics & Computer Distribution subindustry, S.A.S. Dragon 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.
S.A.S. Dragon Holdings Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, S.A.S. Dragon Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where S.A.S. Dragon 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 19.07% mean?
S.A.S. Dragon Holdings (HKSE:01184) has a Return-on-Tangible-Equity of 19.07% 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 S.A.S. Dragon Holdings and its competitors. This is near median its historical median of 18.43. Over the past decade, S.A.S. Dragon Holdings' Return-on-Tangible-Equity has ranged from 15.04 to 33.83. According to the industry distribution chart, S.A.S. Dragon Holdings ranks #195 out of 2374 companies in the Hardware industry, placing it in the top 8.2%.
Is S.A.S. Dragon Holdings' Return-on-Tangible-Equity too high?
S.A.S. Dragon Holdings' current Return-on-Tangible-Equity of 19.07% is near median its 10-year median of 18.43. Over the past 10 years, this metric has ranged from a low of 15.04 to a high of 33.83. The Hardware industry median Return-on-Tangible-Equity is 6.31. S.A.S. Dragon Holdings' value of 19.07% is 202.5% above this industry median. Based on the distribution chart, S.A.S. Dragon Holdings ranks #195 out of 2374 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, S.A.S. Dragon Holdings has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does S.A.S. Dragon Holdings' Return-on-Tangible-Equity compare to SNX and ARW?
According to the Hardware industry distribution chart, S.A.S. Dragon Holdings ranks #195 out of 2374 companies for Return-on-Tangible-Equity. This places S.A.S. Dragon Holdings in the top 8% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.31. S.A.S. Dragon Holdings' value of 19.07% is 202.5% above this benchmark. Historically, S.A.S. Dragon Holdings' own Return-on-Tangible-Equity has ranged from 15.04 to 33.83 over the past decade. While the company's 10-year median is 18.43 vs. the industry median of 6.31, S.A.S. Dragon 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 a Hardware company?
The median Return-on-Tangible-Equity among Hardware companies is 6.31, based on 2,374 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. S.A.S. Dragon Holdings's current Return-on-Tangible-Equity of 19.07% is 202.5% 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 S.A.S. Dragon Holdings and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 6.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. S.A.S. Dragon Holdings's current Return-on-Tangible-Equity is 19.07%, which is near median its own 10-year median of 18.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is S.A.S. Dragon Holdings stock overvalued right now?
Based on GuruFocus' analysis, S.A.S. Dragon Holdings (HKSE:01184) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$5.08, compared to a current price of HK$8.81 — trading 73.4% above its estimated fair value. The current Return-on-Tangible-Equity is 19.07%, which is near median its 10-year median of 18.43 and 202.5% above the Hardware industry median of 6.31. S.A.S. Dragon Holdings' overall GF Score™ is 65/100 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 S.A.S. Dragon Holdings (HKSE:01184), the current Return-on-Tangible-Equity is 19.07% 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 S.A.S. Dragon Holdings (HKSE:01184) Overvalued in 2026?
Based on GuruFocus' analysis, S.A.S. Dragon Holdings stock appears to be overvalued.
The current stock price of HK$8.81 is trading 73.4% above its estimated GF Value™ of HK$5.08.
GuruFocus considers S.A.S. Dragon Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:01184:
Return-on-Tangible-Equity: 19.07% (near median its 10-year median of 18.43)
GF Value™: HK$5.08 vs. price of HK$8.81 (73.4% above fair value)
Industry Position: 202.5% above the Hardware median (#195 of 2374)
No single metric tells the full story. See the HKSE:01184 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
S.A.S. Dragon Holdings Ltd is engaged in the distribution of electronic components and semiconductor products used in mobile phones, consumer electronics, computer and networking equipment, and telecommunication products. The Group is also involved in the sale and contract works of LED lighting and display products, distribution of business equipment, provision of related ancillary services, and property investments. Its segments are Sales of electronic components and semiconductors, Sales of business equipment and provision of related ancillary services, Contract works of LED lighting and display products, and Sales of LED lighting and display products. It generates maximum revenue from Sales of electronic components and semiconductors from Hong Kong.
65GF Score
Get the complete analysis for HKSE:01184
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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