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ICO GroupHKSE:01460 +1.28%63 Return-on-Tangible-Equity is 5.35% as of Mar. 2026, which is 25% above its 10-year median of 4.28. GuruFocus rates HKSE:01460 with a GF Score™ of 63/100 and a GF Value™ of HK$0.25 (Fairly Valued). The stock has 3 warning signs investors should review. Among 2,483 Software companies, ICO Group ranks worse than 58.16% 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. ICO Group's annualized net income for the quarter that ended in Mar. 2026 was HK$31 Mil. ICO Group's average shareholder tangible equity for the quarter that ended in Mar. 2026 was HK$578 Mil. Therefore, ICO Group's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 5.35%.
The historical rank and industry rank for ICO Group's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:01460'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -5.81 Med: 4.28 Max: 31.47
Current: 5.1
During the past 13 years, ICO Group's highest Return-on-Tangible-Equity was 31.47%. The lowest was -5.81%. And the median was 4.28%.
HKSE:01460's Return-on-Tangible-Equity is ranked worse than 58.16% of 2483
companies
in the Software industry
Industry Median: 9.65
vs HKSE:01460: 5.10
ICO Group (HKSE:01460) 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.
ICO Group Return-on-Tangible-Equity Related Terms
ICO Group Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for ICO 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.
HKSE:01460 vs IBM, ACN, FISV: Return-on-Tangible-Equity Comparison
For the Information Technology Services subindustry, ICO 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.
ICO Group Return-on-Tangible-Equity vs Software Industry
For the Software industry and Technology sector, ICO Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where ICO Group'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 (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 5.35% mean?
ICO Group (HKSE:01460) has a Return-on-Tangible-Equity of 5.35% 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 ICO Group and its competitors. This is 25% above median its historical median of 4.28. According to the industry distribution chart, ICO Group ranks #1444 out of 2483 companies in the Software industry, placing it in the top 58.2%.
Is ICO Group's Return-on-Tangible-Equity too high?
ICO Group's current Return-on-Tangible-Equity of 5.35% is 25% above median its 10-year median of 4.28. The Software industry median Return-on-Tangible-Equity is 9.65. ICO Group's value of 5.35% is 44.6% below this industry median. Based on the distribution chart, ICO Group ranks #1444 out of 2483 companies in the Software industry, which is below the industry midpoint. Overall, ICO Group has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ICO Group's Return-on-Tangible-Equity compare to IBM and ACN?
According to the Software industry distribution chart, ICO Group ranks #1444 out of 2483 companies for Return-on-Tangible-Equity. This places ICO Group in the lower half of its industry. The industry median Return-on-Tangible-Equity is 9.65. ICO Group's value of 5.35% is 44.6% below this benchmark. While the company's 10-year median is 4.28 vs. the industry median of 9.65, ICO Group 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 Software company?
The median Return-on-Tangible-Equity among Software companies is 9.65, based on 2,483 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. ICO Group's current Return-on-Tangible-Equity of 5.35% is 44.6% 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 ICO Group and its competitors. For the Software industry, the median Return-on-Tangible-Equity is 9.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ICO Group's current Return-on-Tangible-Equity is 5.35%, which is 25% above median its own 10-year median of 4.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ICO Group stock overvalued right now?
Based on GuruFocus' analysis, ICO Group (HKSE:01460) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.25, compared to a current price of HK$0.24 — trading 5.2% below its estimated fair value. The current Return-on-Tangible-Equity is 5.35%, which is 25% above median its 10-year median of 4.28 and 44.6% below the Software industry median of 9.65. ICO Group's overall GF Score™ is 63/100 with 3 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 ICO Group (HKSE:01460), the current Return-on-Tangible-Equity is 5.35% 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.
Is ICO Group (HKSE:01460) Overvalued in 2026?
Based on GuruFocus' analysis, ICO Group stock appears to be undervalued.
The current stock price of HK$0.24 is trading 5.2% below its estimated GF Value™ of HK$0.25.
GuruFocus considers ICO Group to be Fairly Valued.
Key valuation signals for HKSE:01460:
Return-on-Tangible-Equity: 5.35% (25% above median its 10-year median of 4.28)
GF Value™: HK$0.25 vs. price of HK$0.24 (5.2% below fair value)
Industry Position: 44.6% below the Software median (#1444 of 2483)
No single metric tells the full story. See the HKSE:01460 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ICO Group Ltd, along with its subsidiaries, is engaged in the provision of Information technology (IT) solutions and services. The business activity of the group functions through IT application and solution development, IT infrastructure solutions, IT secondment services, IT maintenance and support services, and Property leasing reportable business segments. The group derives a majority of its revenue from the IT Infrastructure solutions segment, which provides design and implementation of IT application solution services and procurement of third-party hardware and software. Geographically, it generates maximum revenue from Hong Kong, and the rest from Malaysia.
63GF Score
Get the complete analysis for HKSE:01460
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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