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Progressive Path Group HoldingsHKSE:01581 54 Return-on-Tangible-Equity is 11.49% as of Mar. 2026, which is 173% above its 10-year median of 4.21. GuruFocus rates HKSE:01581 with a GF Score™ of 54/100 and a GF Value™ of HK$0.18 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,010 Business Services companies, Progressive Path Group Holdings ranks worse than 62.67% 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. Progressive Path Group Holdings's annualized net income for the quarter that ended in Mar. 2026 was HK$34.7 Mil. Progressive Path Group Holdings's average shareholder tangible equity for the quarter that ended in Mar. 2026 was HK$302.4 Mil. Therefore, Progressive Path Group Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 11.49%.
The historical rank and industry rank for Progressive Path Group Holdings's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:01581'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -19.94 Med: 4.21 Max: 12.62
Current: 6.83
During the past 13 years, Progressive Path Group Holdings's highest Return-on-Tangible-Equity was 12.62%. The lowest was -19.94%. And the median was 4.21%.
HKSE:01581's Return-on-Tangible-Equity is ranked worse than 62.67% of 1010
companies
in the Business Services industry
Industry Median: 11
vs HKSE:01581: 6.83
Progressive Path Group Holdings (HKSE:01581) 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.
Progressive Path Group Holdings Return-on-Tangible-Equity Related Terms
Progressive Path Group Holdings Return-on-Tangible-Equity Historical Data
* 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.
Progressive Path Group Holdings Return-on-Tangible-Equity Chart
HKSE:01581 vs URI, SUNB, AER: Return-on-Tangible-Equity Comparison
For the Rental & Leasing Services subindustry, Progressive Path Group 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.
Progressive Path Group Holdings Return-on-Tangible-Equity vs Business Services Industry
For the Business Services industry and Industrials sector, Progressive Path Group Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Progressive Path Group 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 (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 11.49% mean?
Progressive Path Group Holdings (HKSE:01581) has a Return-on-Tangible-Equity of 11.49% 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 Progressive Path Group Holdings and its competitors. This is 173% above median its historical median of 4.21. According to the industry distribution chart, Progressive Path Group Holdings ranks #633 out of 1010 companies in the Business Services industry, placing it in the top 62.7%.
Is Progressive Path Group Holdings' Return-on-Tangible-Equity too high?
Progressive Path Group Holdings' current Return-on-Tangible-Equity of 11.49% is 173% above median its 10-year median of 4.21. The Business Services industry median Return-on-Tangible-Equity is 11.00. Progressive Path Group Holdings' value of 11.49% is 4.5% above this industry median. Based on the distribution chart, Progressive Path Group Holdings ranks #633 out of 1010 companies in the Business Services industry, which is below the industry midpoint. Overall, Progressive Path Group Holdings has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Progressive Path Group Holdings' Return-on-Tangible-Equity compare to URI and SUNB?
According to the Business Services industry distribution chart, Progressive Path Group Holdings ranks #633 out of 1010 companies for Return-on-Tangible-Equity. This places Progressive Path Group Holdings in the lower half of its industry. The industry median Return-on-Tangible-Equity is 11.00. Progressive Path Group Holdings' value of 11.49% is 4.5% above this benchmark. While the company's 10-year median is 4.21 vs. the industry median of 11.00, Progressive Path Group 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 Business Services company?
The median Return-on-Tangible-Equity among Business Services companies is 11.00, based on 1,010 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. Progressive Path Group Holdings's current Return-on-Tangible-Equity of 11.49% is 4.5% 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 Progressive Path Group Holdings and its competitors. For the Business Services industry, the median Return-on-Tangible-Equity is 11.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Progressive Path Group Holdings's current Return-on-Tangible-Equity is 11.49%, which is 173% above median its own 10-year median of 4.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Progressive Path Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Progressive Path Group Holdings (HKSE:01581) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.18, compared to a current price of HK$0.33 — trading 83.3% above its estimated fair value. The current Return-on-Tangible-Equity is 11.49%, which is 173% above median its 10-year median of 4.21 and 4.5% above the Business Services industry median of 11.00. Progressive Path Group Holdings' overall GF Score™ is 54/100 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 Progressive Path Group Holdings (HKSE:01581), the current Return-on-Tangible-Equity is 11.49% 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 Progressive Path Group Holdings (HKSE:01581) Overvalued in 2026?
Based on GuruFocus' analysis, Progressive Path Group Holdings stock appears to be overvalued.
The current stock price of HK$0.33 is trading 83.3% above its estimated GF Value™ of HK$0.18.
GuruFocus considers Progressive Path Group Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:01581:
Return-on-Tangible-Equity: 11.49% (173% above median its 10-year median of 4.21)
GF Value™: HK$0.18 vs. price of HK$0.33 (83.3% above fair value)
Industry Position: 4.5% above the Business Services median (#633 of 1010)
No single metric tells the full story. See the HKSE:01581 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Progressive Path Group Holdings Ltd is engaged in construction engineering work and the provision of construction machinery rental services in Hong Kong. Its construction machinery rental services represent the rental of construction machines and construction vehicles to customers, and the provision of machine operators and transportation services as part of its one-stop construction machinery rental services. Its construction works represent the construction projects undertaken, the nature of which are broadly classified as foundation and site formation works, and builder's work and general building works. Its segments are Construction works and Construction Machinery Rental. Majority of the revenue is derived from the Construction works segment.
54GF Score
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Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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