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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. East Nova Holdings's annualized net income for the quarter that ended in Dec. 2025 was HK$3.37 Mil. East Nova Holdings's average shareholder tangible equity for the quarter that ended in Dec. 2025 was HK$17.78 Mil. Therefore, East Nova Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 18.97%.
The historical rank and industry rank for East Nova Holdings's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:03626'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -46.61 Med: -1.17 Max: 13.44
Current: 12.25
During the past 13 years, East Nova Holdings's highest Return-on-Tangible-Equity was 13.44%. The lowest was -46.61%. And the median was -1.17%.
HKSE:03626's Return-on-Tangible-Equity is ranked better than 52.08% of 1008
companies
in the Business Services industry
Industry Median: 11.365
vs HKSE:03626: 12.25
East Nova Holdings (HKSE:03626) 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.
East Nova Holdings Return-on-Tangible-Equity Related Terms
East Nova Holdings Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for East Nova 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.
East Nova Holdings Return-on-Tangible-Equity Chart
HKSE:03626 vs CTAS, CPRT, GPN: Return-on-Tangible-Equity Comparison
For the Specialty Business Services subindustry, East Nova 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.
East Nova Holdings Return-on-Tangible-Equity vs Business Services Industry
For the Business Services industry and Industrials sector, East Nova Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where East Nova 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 (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 18.97% mean?
East Nova Holdings (HKSE:03626) has a Return-on-Tangible-Equity of 18.97% 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 East Nova Holdings and its competitors. According to the industry distribution chart, East Nova Holdings ranks #483 out of 1008 companies in the Business Services industry, placing it in the top 47.9%.
Is East Nova Holdings' Return-on-Tangible-Equity too high?
East Nova Holdings' current Return-on-Tangible-Equity is 18.97%. The Business Services industry median Return-on-Tangible-Equity is 11.37. East Nova Holdings' value of 18.97% is 66.9% above this industry median. Based on the distribution chart, East Nova Holdings ranks #483 out of 1008 companies in the Business Services industry, which is above the industry midpoint. Overall, East Nova Holdings has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does East Nova Holdings' Return-on-Tangible-Equity compare to CTAS and CPRT?
According to the Business Services industry distribution chart, East Nova Holdings ranks #483 out of 1008 companies for Return-on-Tangible-Equity. This puts East Nova Holdings in the upper half of its industry. The industry median Return-on-Tangible-Equity is 11.37. East Nova Holdings' value of 18.97% is 66.9% 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 Business Services company?
The median Return-on-Tangible-Equity among Business Services companies is 11.37, based on 1,008 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. East Nova Holdings's current Return-on-Tangible-Equity of 18.97% is 66.9% 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 East Nova Holdings and its competitors. For the Business Services industry, the median Return-on-Tangible-Equity is 11.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. East Nova Holdings's current Return-on-Tangible-Equity is 18.97%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is East Nova Holdings stock overvalued right now?
Based on GuruFocus' analysis, East Nova Holdings (HKSE:03626) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.64, compared to a current price of HK$1.64 — trading 156.3% above its estimated fair value. The current Return-on-Tangible-Equity is 18.97% and 66.9% above the Business Services industry median of 11.37. East Nova Holdings' overall GF Score™ is 50/100. 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 East Nova Holdings (HKSE:03626), the current Return-on-Tangible-Equity is 18.97% 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 East Nova Holdings (HKSE:03626) Overvalued in 2026?
Based on GuruFocus' analysis, East Nova Holdings stock appears to be overvalued.
The current stock price of HK$1.64 is trading 156.3% above its estimated GF Value™ of HK$0.64.
GuruFocus considers East Nova Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:03626:
Return-on-Tangible-Equity: 18.97%
GF Value™: HK$0.64 vs. price of HK$1.64 (156.3% above fair value)
Industry Position: 66.9% above the Business Services median (#483 of 1008)
No single metric tells the full story. See the HKSE:03626 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
East Nova Holdings Ltd, formerly known as Hang Sang (Siu Po) International Holding Co Ltd, engages in the manufacturing and sale of apparel labels and packaging printing products, and the trading and online distribution of food, daily necessities, and utility products. Its products include leaflets, business cards, books, stationery, and catalogs. The Group operates through four segments: printing, which manufactures and sells apparel labels and packaging printing products; food and daily necessities, which covers the sale and distribution of food, household, and utility items; restaurant operations, which generate revenue from catering services; and e-cigarette product sales. The printing segment contributes the majority of the Group's revenue, mainly from Hong Kong.
50GF Score
Get the complete analysis for HKSE:03626
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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