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FS.COMHKSE:03355 -9.21%19 Return-on-Tangible-Equity is 34.82% as of Dec. 2025, which is 39% above its 10-year median of 25.08. GuruFocus rates HKSE:03355 with a GF Score™ of 19/100. The stock has 2 warning signs investors should review. Among 2,384 Hardware companies, FS.COM ranks better than 61.28% 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. FS.COM's annualized net income for the quarter that ended in Dec. 2025 was HK$787.9 Mil. FS.COM's average shareholder tangible equity for the quarter that ended in Dec. 2025 was HK$2,262.3 Mil. Therefore, FS.COM's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 34.82%.
The historical rank and industry rank for FS.COM's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:03355'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 8.36 Med: 25.08 Max: 27.03
Current: 8.36
During the past 4 years, FS.COM's highest Return-on-Tangible-Equity was 27.03%. The lowest was 8.36%. And the median was 25.08%.
HKSE:03355's Return-on-Tangible-Equity is ranked better than 61.28% of 2384
companies
in the Hardware industry
Industry Median: 5.32
vs HKSE:03355: 8.36
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.
FS.COM Return-on-Tangible-Equity Related Terms
FS.COM Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for FS.COM'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.
FS.COM Return-on-Tangible-Equity Chart
FS.COM Annual Data
Trend
Dec22
Dec23
Dec24
Dec25
Return-on-Tangible-Equity
24.18
25.98
18.03
27.03
FS.COM Quarterly Data
Dec22
Dec23
Dec24
Sep25
Dec25
Return-on-Tangible-Equity
0.00
0.00
8.43
0.00
34.82
HKSE:03355 vs CSCO, MSI, HPE: Return-on-Tangible-Equity Comparison
For the Communication Equipment subindustry, FS.COM'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.
FS.COM Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, FS.COM's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where FS.COM'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 four times the quarterly (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 34.82% mean?
FS.COM (HKSE:03355) has a Return-on-Tangible-Equity of 34.82% 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 FS.COM and its competitors. This is 39% above median its historical median of 25.08. Over the past decade, FS.COM's Return-on-Tangible-Equity has ranged from 8.36 to 27.03. According to the industry distribution chart, FS.COM ranks #923 out of 2384 companies in the Hardware industry, placing it in the top 38.7%.
Is FS.COM's Return-on-Tangible-Equity too high?
FS.COM's current Return-on-Tangible-Equity of 34.82% is 39% above median its 10-year median of 25.08. Over the past 10 years, this metric has ranged from a low of 8.36 to a high of 27.03. The Hardware industry median Return-on-Tangible-Equity is 5.32. FS.COM's value of 34.82% is 554.5% above this industry median. Based on the distribution chart, FS.COM ranks #923 out of 2384 companies in the Hardware industry, which is above the industry midpoint. Overall, FS.COM has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does FS.COM's Return-on-Tangible-Equity compare to CSCO and MSI?
According to the Hardware industry distribution chart, FS.COM ranks #923 out of 2384 companies for Return-on-Tangible-Equity. This puts FS.COM in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.32. FS.COM's value of 34.82% is 554.5% above this benchmark. Historically, FS.COM's own Return-on-Tangible-Equity has ranged from 8.36 to 27.03 over the past decade. While the company's 10-year median is 25.08 vs. the industry median of 5.32, FS.COM 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 Hardware company?
The median Return-on-Tangible-Equity among Hardware companies is 5.32, based on 2,384 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. FS.COM's current Return-on-Tangible-Equity of 34.82% is 554.5% 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 FS.COM and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FS.COM's current Return-on-Tangible-Equity is 34.82%, which is 39% above median its own 10-year median of 25.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FS.COM stock overvalued right now?
FS.COM (HKSE:03355) has a current Return-on-Tangible-Equity of 34.82%. The current Return-on-Tangible-Equity is 34.82%, which is 39% above median its 10-year median of 25.08 and 554.5% above the Hardware industry median of 5.32. FS.COM's overall GF Score™ is 19/100 with 2 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 FS.COM (HKSE:03355), the current Return-on-Tangible-Equity is 34.82% 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.
FS.COM Ltd operates as a DTC networking solution provider, principally engaged in the sales of optical communication products. It operates through its online platform, FS.com. The company's offerings include networking equipment, networking operating systems, and cloud-based network management platforms used in applications such as high-performance computing, data centers, enterprise networks, and telecommunications, supporting businesses' digital infrastructure needs. The majority of revenue is derived from the provision of its General networking solutions and High-performance networking solutions. Geographically, the company generates the maximum revenue from the United States.
19GF Score
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