Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Kwong Man Kee GroupHKSE:08023 +1.64%57 Return-on-Tangible-Equity is 11.55% as of Mar. 2026, which is 23% above its 10-year median of 9.40. GuruFocus rates HKSE:08023 with a GF Score™ of 57/100 and a GF Value™ of HK$0.35 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,712 Construction companies, Kwong Man Kee Group ranks better than 56.66% 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. Kwong Man Kee Group's annualized net income for the quarter that ended in Mar. 2026 was HK$15.7 Mil. Kwong Man Kee Group's average shareholder tangible equity for the quarter that ended in Mar. 2026 was HK$135.6 Mil. Therefore, Kwong Man Kee Group's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 11.55%.
The historical rank and industry rank for Kwong Man Kee Group's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:08023'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -5.67 Med: 9.4 Max: 17.35
Current: 10.4
During the past 12 years, Kwong Man Kee Group's highest Return-on-Tangible-Equity was 17.35%. The lowest was -5.67%. And the median was 9.40%.
HKSE:08023's Return-on-Tangible-Equity is ranked better than 56.66% of 1712
companies
in the Construction industry
Industry Median: 8.21
vs HKSE:08023: 10.40
Kwong Man Kee Group (HKSE:08023) 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.
Kwong Man Kee Group Return-on-Tangible-Equity Related Terms
Kwong Man Kee Group Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Kwong Man Kee 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.
Kwong Man Kee Group Return-on-Tangible-Equity Chart
HKSE:08023 vs PWR, FIX, EME: Return-on-Tangible-Equity Comparison
For the Engineering & Construction subindustry, Kwong Man Kee 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.
Kwong Man Kee Group Return-on-Tangible-Equity vs Construction Industry
For the Construction industry and Industrials sector, Kwong Man Kee Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Kwong Man Kee 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 (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 11.55% mean?
Kwong Man Kee Group (HKSE:08023) has a Return-on-Tangible-Equity of 11.55% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Kwong Man Kee Group and its competitors. This is 23% above median its historical median of 9.40. According to the industry distribution chart, Kwong Man Kee Group ranks #742 out of 1712 companies in the Construction industry, placing it in the top 43.3%.
Is Kwong Man Kee Group's Return-on-Tangible-Equity too high?
Kwong Man Kee Group's current Return-on-Tangible-Equity of 11.55% is 23% above median its 10-year median of 9.40. The Construction industry median Return-on-Tangible-Equity is 8.21. Kwong Man Kee Group's value of 11.55% is 40.7% above this industry median. Based on the distribution chart, Kwong Man Kee Group ranks #742 out of 1712 companies in the Construction industry, which is above the industry midpoint. Overall, Kwong Man Kee Group has a GF Score™ of 57/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kwong Man Kee Group's Return-on-Tangible-Equity compare to PWR and FIX?
According to the Construction industry distribution chart, Kwong Man Kee Group ranks #742 out of 1712 companies for Return-on-Tangible-Equity. This puts Kwong Man Kee Group in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.21. Kwong Man Kee Group's value of 11.55% is 40.7% above this benchmark. While the company's 10-year median is 9.40 vs. the industry median of 8.21, Kwong Man Kee Group 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 Construction company?
The median Return-on-Tangible-Equity among Construction companies is 8.21, based on 1,712 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. Kwong Man Kee Group's current Return-on-Tangible-Equity of 11.55% is 40.7% 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 Kwong Man Kee Group and its competitors. For the Construction industry, the median Return-on-Tangible-Equity is 8.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kwong Man Kee Group's current Return-on-Tangible-Equity is 11.55%, which is 23% above median its own 10-year median of 9.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kwong Man Kee Group stock overvalued right now?
Based on GuruFocus' analysis, Kwong Man Kee Group (HKSE:08023) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.35, compared to a current price of HK$0.31 — trading 11.4% below its estimated fair value. The current Return-on-Tangible-Equity is 11.55%, which is 23% above median its 10-year median of 9.40 and 40.7% above the Construction industry median of 8.21. Kwong Man Kee Group's overall GF Score™ is 57/100 with 4 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 Kwong Man Kee Group (HKSE:08023), the current Return-on-Tangible-Equity is 11.55% as of Mar. 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.
Is Kwong Man Kee Group (HKSE:08023) Overvalued in 2026?
Based on GuruFocus' analysis, Kwong Man Kee Group stock appears to be undervalued.
The current stock price of HK$0.31 is trading 11.4% below its estimated GF Value™ of HK$0.35.
GuruFocus considers Kwong Man Kee Group to be Modestly Undervalued.
Key valuation signals for HKSE:08023:
Return-on-Tangible-Equity: 11.55% (23% above median its 10-year median of 9.40)
GF Value™: HK$0.35 vs. price of HK$0.31 (11.4% below fair value)
Industry Position: 40.7% above the Construction median (#742 of 1712)
No single metric tells the full story. See the HKSE:08023 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kwong Man Kee Group Ltd provides engineering services to the car park flooring industry. Its services include flooring services, including the application of proprietary floor coating products for providing a colorful, slip-resistance, and a hard-wearing surface that is resistant against water and petrochemicals; and ancillary services which include specialised texture painting and waterproofing works; and sales of flooring and waterproofing materials. The company's reportable segment are Flooring, which generates maximum revenue, Ancillary services, and Sales of materials.
57GF Score
Get the complete analysis for HKSE:08023
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HKSE:08023 has been successfully added to your 
