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Tian Cheng HoldingsHKSE:02110 Return-on-Tangible-Equity is 20.32% as of May. 2026, which is 22% above its 10-year median of 16.69. The stock has 4 warning signs investors should review. Among 1,716 Construction companies, Tian Cheng Holdings ranks worse than 94.29% 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. Tian Cheng Holdings's annualized net income for the quarter that ended in May. 2026 was HK$7.3 Mil. Tian Cheng Holdings's average shareholder tangible equity for the quarter that ended in May. 2026 was HK$35.7 Mil. Therefore, Tian Cheng Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in May. 2026 was 20.32%.
The historical rank and industry rank for Tian Cheng Holdings's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:02110'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -58.76 Med: 16.69 Max: 110.07
Current: -43.41
During the past 10 years, Tian Cheng Holdings's highest Return-on-Tangible-Equity was 110.07%. The lowest was -58.76%. And the median was 16.69%.
HKSE:02110's Return-on-Tangible-Equity is ranked worse than 94.29% of 1716
companies
in the Construction industry
Industry Median: 8.225
vs HKSE:02110: -43.41
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.
Tian Cheng Holdings Return-on-Tangible-Equity Related Terms
Tian Cheng Holdings Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Tian Cheng 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:02110 vs PWR, FIX, EME: Return-on-Tangible-Equity Comparison
For the Engineering & Construction subindustry, Tian Cheng 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.
Tian Cheng Holdings Return-on-Tangible-Equity vs Construction Industry
For the Construction industry and Industrials sector, Tian Cheng Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Tian Cheng 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 (May. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 20.32% mean?
Tian Cheng Holdings (HKSE:02110) has a Return-on-Tangible-Equity of 20.32% as of May. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Tian Cheng Holdings and its competitors. This is 22% above median its historical median of 16.69. According to the industry distribution chart, Tian Cheng Holdings ranks #1618 out of 1716 companies in the Construction industry, placing it in the top 94.3%.
Is Tian Cheng Holdings' Return-on-Tangible-Equity too high?
Tian Cheng Holdings' current Return-on-Tangible-Equity of 20.32% is 22% above median its 10-year median of 16.69. The Construction industry median Return-on-Tangible-Equity is 8.23. Tian Cheng Holdings' value of 20.32% is 147.1% above this industry median. Based on the distribution chart, Tian Cheng Holdings ranks #1618 out of 1716 companies in the Construction industry, which is in the bottom quartile relative to peers.
How does Tian Cheng Holdings' Return-on-Tangible-Equity compare to PWR and FIX?
According to the Construction industry distribution chart, Tian Cheng Holdings ranks #1618 out of 1716 companies for Return-on-Tangible-Equity. This places Tian Cheng Holdings in the lower half of its industry. The industry median Return-on-Tangible-Equity is 8.23. Tian Cheng Holdings' value of 20.32% is 147.1% above this benchmark. While the company's 10-year median is 16.69 vs. the industry median of 8.23, Tian Cheng 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 Construction company?
The median Return-on-Tangible-Equity among Construction companies is 8.23, based on 1,716 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. Tian Cheng Holdings's current Return-on-Tangible-Equity of 20.32% is 147.1% 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 Tian Cheng Holdings and its competitors. For the Construction industry, the median Return-on-Tangible-Equity is 8.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tian Cheng Holdings's current Return-on-Tangible-Equity is 20.32%, which is 22% above median its own 10-year median of 16.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tian Cheng Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tian Cheng Holdings (HKSE:02110) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.56, compared to a current price of HK$0.06 — trading 88.6% below its estimated fair value. The current Return-on-Tangible-Equity is 20.32%, which is 22% above median its 10-year median of 16.69 and 147.1% above the Construction industry median of 8.23. 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 Tian Cheng Holdings (HKSE:02110), the current Return-on-Tangible-Equity is 20.32% as of May. 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.
Tian Cheng Holdings Ltd is a subcontractor specializing in marine construction and civil engineering projects, and engages in marine works including reclamation, sand adjustment, submarine pipeline, sedimentation, and sediment treatment. The company also provides vessel chartering and other civil engineering services such as foundation works, site formation, road, and drainage works. It operates through four segments: Marine Construction Works, Other Civil Engineering Works, Health and Wellness Services, and Vessel Chartering Services. The company generates the majority of its revenue from marine construction and operates mainly in Hong Kong and the PRC, with the majority of revenue coming from Hong Kong.
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