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Joy Spreader GroupHKSE:06988 +8.62% Return-on-Tangible-Equity is -20.42% as of Jun. 2026. The stock has 5 warning signs investors should review. Among 865 Media - Diversified companies, Joy Spreader Group ranks worse than 84.28% 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. Joy Spreader Group's annualized net income for the quarter that ended in Jun. 2026 was HK$-53.96 Mil. Joy Spreader Group's average shareholder tangible equity for the quarter that ended in Jun. 2026 was HK$0.00 Mil. Therefore, Joy Spreader Group's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was N/A%.
The historical rank and industry rank for Joy Spreader Group's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:06988'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -101.81 Med: 10.7 Max: 35.08
Current: -22.32
During the past 9 years, Joy Spreader Group's highest Return-on-Tangible-Equity was 35.08%. The lowest was -101.81%. And the median was 10.70%.
HKSE:06988's Return-on-Tangible-Equity is ranked worse than 84.28% of 865
companies
in the Media - Diversified industry
Industry Median: 5.18
vs HKSE:06988: -22.32
Joy Spreader Group (HKSE:06988) 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.
Joy Spreader Group Return-on-Tangible-Equity Related Terms
Joy Spreader Group Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Joy Spreader 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.
Joy Spreader Group Return-on-Tangible-Equity Chart
HKSE:06988 vs APP, OMC, TTD: Return-on-Tangible-Equity Comparison
For the Advertising Agencies subindustry, Joy Spreader 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.
Joy Spreader Group Return-on-Tangible-Equity vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Joy Spreader Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Joy Spreader 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 (Jun. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of -20.42% mean?
Joy Spreader Group (HKSE:06988) has a Return-on-Tangible-Equity of -20.42% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Joy Spreader Group and its competitors. According to the industry distribution chart, Joy Spreader Group ranks #729 out of 865 companies in the Media - Diversified industry, placing it in the top 84.3%.
Is Joy Spreader Group's Return-on-Tangible-Equity too high?
Joy Spreader Group's current Return-on-Tangible-Equity is -20.42%. Based on the distribution chart, Joy Spreader Group ranks #729 out of 865 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers.
How does Joy Spreader Group's Return-on-Tangible-Equity compare to APP and OMC?
According to the Media - Diversified industry distribution chart, Joy Spreader Group ranks #729 out of 865 companies for Return-on-Tangible-Equity. This places Joy Spreader Group in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.18. 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 5.18, based on 865 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. 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 Joy Spreader Group and its competitors. For the Media - Diversified industry, the median Return-on-Tangible-Equity is 5.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Joy Spreader Group's current Return-on-Tangible-Equity is -20.42%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Joy Spreader Group stock overvalued right now?
Based on GuruFocus' analysis, Joy Spreader Group (HKSE:06988) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.04, compared to a current price of HK$0.06 — trading 57.5% above its estimated fair value. The current Return-on-Tangible-Equity is -20.42%. 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 Joy Spreader Group (HKSE:06988), the current Return-on-Tangible-Equity is -20.42% as of Jun. 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.
Joy Spreader Group Inc is engaged in the provision of AI marketing business, AI overseas marketing business and provision of culture business. The company's segments include the Provision of performance-based we-media marketing services segment, which mainly comprises the provision of these marketing services to help its marketing customers direct to consumer, acquire new users and sales orders; and the AI overseas marketing segment comprises the sales of E-commerce goods and providing marketing services on an online platform. The Provision of culture business segment mainly comprises the short drama production and distribution. The Others segment mainly comprises the provision of the advisory service. Its maximum revenue from the Provision of performance-based we-media marketing services.
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