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Zhongtai Futures CoHKSE:01461 39 Return-on-Tangible-Equity is 4.11% as of Dec. 2025, which is 23% below its 10-year median of 5.32. GuruFocus rates HKSE:01461 with a GF Score™ of 39/100 and a GF Value™ of HK$0.18 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 782 Capital Markets companies, Zhongtai Futures Co ranks worse than 60.36% 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. Zhongtai Futures Co's annualized net income for the quarter that ended in Dec. 2025 was HK$117.0 Mil. Zhongtai Futures Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was HK$2,847.5 Mil. Therefore, Zhongtai Futures Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 4.11%.
The historical rank and industry rank for Zhongtai Futures Co's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:01461'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0.18 Med: 5.32 Max: 8.5
Current: 3.36
During the past 12 years, Zhongtai Futures Co's highest Return-on-Tangible-Equity was 8.50%. The lowest was 0.18%. And the median was 5.32%.
HKSE:01461's Return-on-Tangible-Equity is ranked worse than 60.36% of 782
companies
in the Capital Markets industry
Industry Median: 6.52
vs HKSE:01461: 3.36
Zhongtai Futures Co (HKSE:01461) 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.
Zhongtai Futures Co Return-on-Tangible-Equity Related Terms
Zhongtai Futures Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Zhongtai Futures Co'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.
Zhongtai Futures Co Return-on-Tangible-Equity Chart
HKSE:01461 vs MS, GS, SCHW: Return-on-Tangible-Equity Comparison
For the Capital Markets subindustry, Zhongtai Futures Co'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.
Zhongtai Futures Co Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Zhongtai Futures Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Zhongtai Futures Co'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 4.11% mean?
Zhongtai Futures Co (HKSE:01461) has a Return-on-Tangible-Equity of 4.11% 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 Zhongtai Futures Co and its competitors. This is 23% below median its historical median of 5.32. Over the past decade, Zhongtai Futures Co's Return-on-Tangible-Equity has ranged from 0.18 to 8.50. According to the industry distribution chart, Zhongtai Futures Co ranks #472 out of 782 companies in the Capital Markets industry, placing it in the top 60.4%.
Is Zhongtai Futures Co's Return-on-Tangible-Equity too high?
Zhongtai Futures Co's current Return-on-Tangible-Equity of 4.11% is 23% below median its 10-year median of 5.32. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 8.50. The Capital Markets industry median Return-on-Tangible-Equity is 6.52. Zhongtai Futures Co's value of 4.11% is 37% below this industry median. Based on the distribution chart, Zhongtai Futures Co ranks #472 out of 782 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Zhongtai Futures Co has a GF Score™ of 39/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zhongtai Futures Co's Return-on-Tangible-Equity compare to MS and GS?
According to the Capital Markets industry distribution chart, Zhongtai Futures Co ranks #472 out of 782 companies for Return-on-Tangible-Equity. This places Zhongtai Futures Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.52. Zhongtai Futures Co's value of 4.11% is 37% below this benchmark. Historically, Zhongtai Futures Co's own Return-on-Tangible-Equity has ranged from 0.18 to 8.50 over the past decade. While the company's 10-year median is 5.32 vs. the industry median of 6.52, Zhongtai Futures Co 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 Capital Markets company?
The median Return-on-Tangible-Equity among Capital Markets companies is 6.52, based on 782 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. Zhongtai Futures Co's current Return-on-Tangible-Equity of 4.11% is 37% 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 Zhongtai Futures Co and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhongtai Futures Co's current Return-on-Tangible-Equity is 4.11%, which is 23% below median its own 10-year median of 5.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhongtai Futures Co stock overvalued right now?
Based on GuruFocus' analysis, Zhongtai Futures Co (HKSE:01461) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.18, compared to a current price of HK$0.67 — trading 272.2% above its estimated fair value. The current Return-on-Tangible-Equity is 4.11%, which is 23% below median its 10-year median of 5.32 and 37% below the Capital Markets industry median of 6.52. Zhongtai Futures Co's overall GF Score™ is 39/100 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 Zhongtai Futures Co (HKSE:01461), the current Return-on-Tangible-Equity is 4.11% 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 Zhongtai Futures Co (HKSE:01461) Overvalued in 2026?
Based on GuruFocus' analysis, Zhongtai Futures Co stock appears to be overvalued.
The current stock price of HK$0.67 is trading 272.2% above its estimated GF Value™ of HK$0.18.
GuruFocus considers Zhongtai Futures Co to be Significantly Overvalued.
Key valuation signals for HKSE:01461:
Return-on-Tangible-Equity: 4.11% (23% below median its 10-year median of 5.32)
GF Value™: HK$0.18 vs. price of HK$0.67 (272.2% above fair value)
Industry Position: 37% below the Capital Markets median (#472 of 782)
No single metric tells the full story. See the HKSE:01461 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhongtai Futures Co Ltd is mainly engaged in financial futures brokerage; commodity futures brokerage; consulting in futures investments; asset management; basis trading; warehouse receipt services; cooperative hedging; market making; over-the-counter derivatives business; information technology consulting services, and other business activities permitted by the CSRC. The Group's reportable segments are mainly classified into brokerage business segment, risk management business segment, and asset management segment, depending on the type of business. The company generates majority of income from Brokerage business segment.
39GF Score
Get the complete analysis for HKSE:01461
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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