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TS LinesHKSE:02510 +5.62%20 Return-on-Tangible-Equity is 13.62% as of Dec. 2025, which is 30% below its 10-year median of 19.50. GuruFocus rates HKSE:02510 with a GF Score™ of 20/100. The stock has 8 warning signs investors should review. Among 978 Transportation companies, TS Lines ranks better than 74.44% 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. TS Lines's annualized net income for the quarter that ended in Dec. 2025 was HK$2,182 Mil. TS Lines's average shareholder tangible equity for the quarter that ended in Dec. 2025 was HK$16,016 Mil. Therefore, TS Lines's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 13.62%.
The historical rank and industry rank for TS Lines's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:02510'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.06 Med: 19.5 Max: 74.48
Current: 17.78
During the past 5 years, TS Lines's highest Return-on-Tangible-Equity was 74.48%. The lowest was 1.06%. And the median was 19.50%.
HKSE:02510's Return-on-Tangible-Equity is ranked better than 74.44% of 978
companies
in the Transportation industry
Industry Median: 9.12
vs HKSE:02510: 17.78
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.
TS Lines Return-on-Tangible-Equity Related Terms
TS Lines Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for TS Lines'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.
For the Marine Shipping subindustry, TS Lines'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.
TS Lines Return-on-Tangible-Equity vs Transportation Industry
For the Transportation industry and Industrials sector, TS Lines's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where TS Lines'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 13.62% mean?
TS Lines (HKSE:02510) has a Return-on-Tangible-Equity of 13.62% 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 TS Lines and its competitors. This is 30% below median its historical median of 19.50. Over the past decade, TS Lines' Return-on-Tangible-Equity has ranged from 1.06 to 74.48. According to the industry distribution chart, TS Lines ranks #250 out of 978 companies in the Transportation industry, placing it in the top 25.6%.
Is TS Lines' Return-on-Tangible-Equity too high?
TS Lines' current Return-on-Tangible-Equity of 13.62% is 30% below median its 10-year median of 19.50. Over the past 10 years, this metric has ranged from a low of 1.06 to a high of 74.48. The Transportation industry median Return-on-Tangible-Equity is 9.12. TS Lines' value of 13.62% is 49.3% above this industry median. Based on the distribution chart, TS Lines ranks #250 out of 978 companies in the Transportation industry, which is above the industry midpoint. Overall, TS Lines has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does TS Lines' Return-on-Tangible-Equity compare to competitors?
According to the Transportation industry distribution chart, TS Lines ranks #250 out of 978 companies for Return-on-Tangible-Equity. This puts TS Lines in the upper half of its industry. The industry median Return-on-Tangible-Equity is 9.12. TS Lines' value of 13.62% is 49.3% above this benchmark. Historically, TS Lines' own Return-on-Tangible-Equity has ranged from 1.06 to 74.48 over the past decade. While the company's 10-year median is 19.50 vs. the industry median of 9.12, TS Lines 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 Transportation company?
The median Return-on-Tangible-Equity among Transportation companies is 9.12, based on 978 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. TS Lines's current Return-on-Tangible-Equity of 13.62% is 49.3% 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 TS Lines and its competitors. For the Transportation industry, the median Return-on-Tangible-Equity is 9.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TS Lines's current Return-on-Tangible-Equity is 13.62%, which is 30% below median its own 10-year median of 19.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TS Lines stock overvalued right now?
TS Lines (HKSE:02510) has a current Return-on-Tangible-Equity of 13.62%. The current Return-on-Tangible-Equity is 13.62%, which is 30% below median its 10-year median of 19.50 and 49.3% above the Transportation industry median of 9.12. TS Lines' overall GF Score™ is 20/100 with 8 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 TS Lines (HKSE:02510), the current Return-on-Tangible-Equity is 13.62% 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.
TS Lines Ltd is a container shipping company focused on the Asia region. Its fleet consists of both owned and chartered vessels, focusing on high-frequency short-haul services originating from Asia. The Group generates maximum revenue from the provision of container shipping services, and also generates some income from other related services comprising slottage revenue, demurrage, and detention income. Geographically, it generates maximum revenue from the Chinese Mainland, and the rest from Hong Kong Special Administrative Region, Taiwan, Japan, Australia, the Philippines, Thailand, India, and other countries.
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