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.
ETS GroupHKSE:08031 +1.49%48 Return-on-Tangible-Equity is -34.39% as of Dec. 2025. GuruFocus rates HKSE:08031 with a GF Score™ of 48/100 and a GF Value™ of HK$0.18 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,007 Business Services companies, ETS Group ranks worse than 87.88% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. ETS Group's annualized net income for the quarter that ended in Dec. 2025 was HK$-19.08 Mil. ETS Group's average shareholder tangible equity for the quarter that ended in Dec. 2025 was HK$55.49 Mil. Therefore, ETS Group's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was -34.39%.
The historical rank and industry rank for ETS Group's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:08031'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -18.08 Med: -1.8 Max: 34.96
Current: -15.13
During the past 13 years, ETS Group's highest Return-on-Tangible-Equity was 34.96%. The lowest was -18.08%. And the median was -1.80%.
HKSE:08031's Return-on-Tangible-Equity is ranked worse than 87.88% of 1007
companies
in the Business Services industry
Industry Median: 10.71
vs HKSE:08031: -15.13
ETS Group (HKSE:08031) 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.
ETS Group Return-on-Tangible-Equity Related Terms
ETS Group Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for ETS 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.
HKSE:08031 vs KFY, RHI, TNET: Return-on-Tangible-Equity Comparison
For the Staffing & Employment Services subindustry, ETS 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.
ETS Group Return-on-Tangible-Equity vs Business Services Industry
For the Business Services industry and Industrials sector, ETS Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where ETS 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 (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 -34.39% mean?
ETS Group (HKSE:08031) has a Return-on-Tangible-Equity of -34.39% 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 ETS Group and its competitors. According to the industry distribution chart, ETS Group ranks #885 out of 1007 companies in the Business Services industry, placing it in the top 87.9%.
Is ETS Group's Return-on-Tangible-Equity too high?
ETS Group's current Return-on-Tangible-Equity is -34.39%. Based on the distribution chart, ETS Group ranks #885 out of 1007 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, ETS Group has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ETS Group's Return-on-Tangible-Equity compare to KFY and RHI?
According to the Business Services industry distribution chart, ETS Group ranks #885 out of 1007 companies for Return-on-Tangible-Equity. This places ETS Group in the lower half of its industry. The industry median Return-on-Tangible-Equity is 10.71. 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 10.71, based on 1,007 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 ETS Group and its competitors. For the Business Services industry, the median Return-on-Tangible-Equity is 10.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ETS Group's current Return-on-Tangible-Equity is -34.39%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ETS Group stock overvalued right now?
Based on GuruFocus' analysis, ETS Group (HKSE:08031) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.18, compared to a current price of HK$0.34 — trading 88.9% above its estimated fair value. The current Return-on-Tangible-Equity is -34.39%. ETS Group's overall GF Score™ is 48/100 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 ETS Group (HKSE:08031), the current Return-on-Tangible-Equity is -34.39% 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 ETS Group (HKSE:08031) Overvalued in 2026?
Based on GuruFocus' analysis, ETS Group stock appears to be overvalued.
The current stock price of HK$0.34 is trading 88.9% above its estimated GF Value™ of HK$0.18.
GuruFocus considers ETS Group to be Significantly Overvalued.
Key valuation signals for HKSE:08031:
Return-on-Tangible-Equity: -34.39%
GF Value™: HK$0.18 vs. price of HK$0.34 (88.9% above fair value)
No single metric tells the full story. See the HKSE:08031 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ETS Group Ltd is engaged in providing comprehensive multi-media contact services, contact centre system and staff insourcing in Hong Kong. It has its services in six operating segments: Outsourcing inbound contact service, Outsourcing outbound contact service, Staff insourcing service, Contact service centre & service centre facilities management service, and The System and software business. Key revenue is earned from Staff insourcing services.
48GF Score
Get the complete analysis for HKSE:08031
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:08031 has been successfully added to your 
