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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. ZO Future Group's annualized net income for the quarter that ended in Dec. 2025 was HK$359.6 Mil. ZO Future Group's average shareholder tangible equity for the quarter that ended in Dec. 2025 was HK$346.9 Mil. Therefore, ZO Future Group's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 103.67%.
The historical rank and industry rank for ZO Future Group's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:02309'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -249.49 Med: -85.41 Max: -5.92
Current: -6.45
During the past 13 years, ZO Future Group's highest Return-on-Tangible-Equity was -5.92%. The lowest was -249.49%. And the median was -85.41%.
HKSE:02309's Return-on-Tangible-Equity is ranked worse than 74.62% of 859
companies
in the Media - Diversified industry
Industry Median: 5.25
vs HKSE:02309: -6.45
ZO Future Group (HKSE:02309) 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.
ZO Future Group Return-on-Tangible-Equity Related Terms
ZO Future Group Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for ZO Future 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:02309 vs NFLX, DIS, WBD: Return-on-Tangible-Equity Comparison
For the Entertainment subindustry, ZO Future 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.
ZO Future Group Return-on-Tangible-Equity vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, ZO Future Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where ZO Future 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 (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 103.67% mean?
ZO Future Group (HKSE:02309) has a Return-on-Tangible-Equity of 103.67% 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 ZO Future Group and its competitors. According to the industry distribution chart, ZO Future Group ranks #641 out of 859 companies in the Media - Diversified industry, placing it in the top 74.6%.
Is ZO Future Group's Return-on-Tangible-Equity too high?
ZO Future Group's current Return-on-Tangible-Equity is 103.67%. The Media - Diversified industry median Return-on-Tangible-Equity is 5.25. ZO Future Group's value of 103.67% is 1874.7% above this industry median. Based on the distribution chart, ZO Future Group ranks #641 out of 859 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, ZO Future Group has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does ZO Future Group's Return-on-Tangible-Equity compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, ZO Future Group ranks #641 out of 859 companies for Return-on-Tangible-Equity. This places ZO Future Group in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.25. ZO Future Group's value of 103.67% is 1874.7% above this benchmark. 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 Media - Diversified company?
The median Return-on-Tangible-Equity among Media - Diversified companies is 5.25, based on 859 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. ZO Future Group's current Return-on-Tangible-Equity of 103.67% is 1874.7% 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 ZO Future Group and its competitors. For the Media - Diversified industry, the median Return-on-Tangible-Equity is 5.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ZO Future Group's current Return-on-Tangible-Equity is 103.67%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ZO Future Group stock overvalued right now?
Based on GuruFocus' analysis, ZO Future Group (HKSE:02309) is currently considered Possible Value Trap. The stock's GF Value™ is HK$4.14, compared to a current price of HK$1.82 — trading 56% below its estimated fair value. The current Return-on-Tangible-Equity is 103.67% and 1874.7% above the Media - Diversified industry median of 5.25. ZO Future Group's overall GF Score™ is 65/100 with 5 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 ZO Future Group (HKSE:02309), the current Return-on-Tangible-Equity is 103.67% 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 ZO Future Group (HKSE:02309) Overvalued in 2026?
Based on GuruFocus' analysis, ZO Future Group stock appears to be undervalued.
The current stock price of HK$1.82 is trading 56% below its estimated GF Value™ of HK$4.14.
GuruFocus considers ZO Future Group to be Possible Value Trap.
Key valuation signals for HKSE:02309:
Return-on-Tangible-Equity: 103.67%
GF Value™: HK$4.14 vs. price of HK$1.82 (56% below fair value)
Industry Position: 1874.7% above the Media - Diversified median (#641 of 859)
No single metric tells the full story. See the HKSE:02309 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ZO Future Group is an investment holding company principally engaged in the operation of the football club in the United Kingdom. The activity of the company includes offering season and match day tickets, television broadcasting, and local media businesses. Its segments are the operation of a professional football club; new energy automobiles and related business; Investment in properties; and healthcare business. The company's activity functions in the United Kingdom and it generates revenue through corporate hospitality income, merchandising income, sponsorship income, and conference income. The company generates the majority of its revenue from the operation of a professional football club in the UK.
65GF Score
Get the complete analysis for HKSE:02309
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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