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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. Macau Legend Development's annualized net income for the quarter that ended in Dec. 2025 was HK$-291.1 Mil. Macau Legend Development's average shareholder tangible equity for the quarter that ended in Dec. 2025 was HK$1,542.7 Mil. Therefore, Macau Legend Development's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was -18.87%.
The historical rank and industry rank for Macau Legend Development's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:01680'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -76.74 Med: -12.3 Max: 30.72
Current: -76.74
During the past 13 years, Macau Legend Development's highest Return-on-Tangible-Equity was 30.72%. The lowest was -76.74%. And the median was -12.30%.
HKSE:01680's Return-on-Tangible-Equity is ranked worse than 97.37% of 798
companies
in the Travel & Leisure industry
Industry Median: 7.69
vs HKSE:01680: -76.74
Macau Legend Development (HKSE:01680) 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.
Macau Legend Development Return-on-Tangible-Equity Related Terms
Macau Legend Development Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Macau Legend Development'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.
Macau Legend Development Return-on-Tangible-Equity Chart
HKSE:01680 vs LVS, MGM, WYNN: Return-on-Tangible-Equity Comparison
For the Resorts & Casinos subindustry, Macau Legend Development'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.
Macau Legend Development Return-on-Tangible-Equity vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Macau Legend Development's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Macau Legend Development'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 -18.87% mean?
Macau Legend Development (HKSE:01680) has a Return-on-Tangible-Equity of -18.87% 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 Macau Legend Development and its competitors. According to the industry distribution chart, Macau Legend Development ranks #777 out of 798 companies in the Travel & Leisure industry, placing it in the top 97.4%.
Is Macau Legend Development's Return-on-Tangible-Equity too high?
Macau Legend Development's current Return-on-Tangible-Equity is -18.87%. Based on the distribution chart, Macau Legend Development ranks #777 out of 798 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Macau Legend Development has a GF Score™ of 15/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Macau Legend Development's Return-on-Tangible-Equity compare to LVS and MGM?
According to the Travel & Leisure industry distribution chart, Macau Legend Development ranks #777 out of 798 companies for Return-on-Tangible-Equity. This places Macau Legend Development in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.69. 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 Travel & Leisure company?
The median Return-on-Tangible-Equity among Travel & Leisure companies is 7.69, based on 798 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 Macau Legend Development and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Equity is 7.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Macau Legend Development's current Return-on-Tangible-Equity is -18.87%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Macau Legend Development stock overvalued right now?
Based on GuruFocus' analysis, Macau Legend Development (HKSE:01680) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.77, compared to a current price of HK$0.11 — trading 86.1% below its estimated fair value. The current Return-on-Tangible-Equity is -18.87%. Macau Legend Development's overall GF Score™ is 15/100 with 4 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 Macau Legend Development (HKSE:01680), the current Return-on-Tangible-Equity is -18.87% 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 Macau Legend Development (HKSE:01680) Overvalued in 2026?
Based on GuruFocus' analysis, Macau Legend Development stock appears to be undervalued.
The current stock price of HK$0.11 is trading 86.1% below its estimated GF Value™ of HK$0.77.
GuruFocus considers Macau Legend Development to be Possible Value Trap.
Key valuation signals for HKSE:01680:
Return-on-Tangible-Equity: -18.87%
GF Value™: HK$0.77 vs. price of HK$0.11 (86.1% below fair value)
No single metric tells the full story. See the HKSE:01680 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Macau Legend Development Ltd is an investment holdings company. Its businesses include the provision of gaming services to SJM 's casino in its property, namely the Legend Palace Casino in MFW under the Service Agreement; and the operation of hotels, entertainment and leisure facilities within its properties. The company's segment includes: Gaming and Non-gaming. It derives maximum revenue from Non-Gaming segment, which includes operations at MFW including hotel and other operations such as licensing income from the shops, provision of building management service, food and beverage and others. The Group's operations are located on Macau and others (including Cambodia and Cape Verde).
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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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