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.
Vistar HoldingsHKSE:08535 56 Return-on-Tangible-Equity is 1.38% as of Mar. 2026, which is 88% below its 10-year median of 11.29. GuruFocus rates HKSE:08535 with a GF Score™ of 56/100 and a GF Value™ of HK$0.05 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,711 Construction companies, Vistar Holdings ranks worse than 74.23% 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. Vistar Holdings's annualized net income for the quarter that ended in Mar. 2026 was HK$2.2 Mil. Vistar Holdings's average shareholder tangible equity for the quarter that ended in Mar. 2026 was HK$159.3 Mil. Therefore, Vistar Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 1.38%.
The historical rank and industry rank for Vistar Holdings's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:08535'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0.7 Med: 11.29 Max: 47.78
Current: 0.95
During the past 11 years, Vistar Holdings's highest Return-on-Tangible-Equity was 47.78%. The lowest was 0.70%. And the median was 11.29%.
HKSE:08535's Return-on-Tangible-Equity is ranked worse than 74.23% of 1711
companies
in the Construction industry
Industry Median: 8.21
vs HKSE:08535: 0.95
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.
Vistar Holdings Return-on-Tangible-Equity Related Terms
Vistar Holdings Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Vistar 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.
HKSE:08535 vs PWR, FIX, EME: Return-on-Tangible-Equity Comparison
For the Engineering & Construction subindustry, Vistar 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.
Vistar Holdings Return-on-Tangible-Equity vs Construction Industry
For the Construction industry and Industrials sector, Vistar Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Vistar 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 (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 1.38% mean?
Vistar Holdings (HKSE:08535) has a Return-on-Tangible-Equity of 1.38% 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 Vistar Holdings and its competitors. This is 88% below median its historical median of 11.29. Over the past decade, Vistar Holdings' Return-on-Tangible-Equity has ranged from 0.70 to 47.78. According to the industry distribution chart, Vistar Holdings ranks #1270 out of 1711 companies in the Construction industry, placing it in the top 74.2%.
Is Vistar Holdings' Return-on-Tangible-Equity too high?
Vistar Holdings' current Return-on-Tangible-Equity of 1.38% is 88% below median its 10-year median of 11.29. Over the past 10 years, this metric has ranged from a low of 0.70 to a high of 47.78. The Construction industry median Return-on-Tangible-Equity is 8.21. Vistar Holdings' value of 1.38% is 83.2% below this industry median. Based on the distribution chart, Vistar Holdings ranks #1270 out of 1711 companies in the Construction industry, which is below the industry midpoint. Overall, Vistar Holdings has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vistar Holdings' Return-on-Tangible-Equity compare to PWR and FIX?
According to the Construction industry distribution chart, Vistar Holdings ranks #1270 out of 1711 companies for Return-on-Tangible-Equity. This places Vistar Holdings in the lower half of its industry. The industry median Return-on-Tangible-Equity is 8.21. Vistar Holdings' value of 1.38% is 83.2% below this benchmark. Historically, Vistar Holdings' own Return-on-Tangible-Equity has ranged from 0.70 to 47.78 over the past decade. While the company's 10-year median is 11.29 vs. the industry median of 8.21, Vistar Holdings has consistently been below 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 1,711 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. Vistar Holdings's current Return-on-Tangible-Equity of 1.38% is 83.2% below 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 Vistar Holdings 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. Vistar Holdings's current Return-on-Tangible-Equity is 1.38%, which is 88% below median its own 10-year median of 11.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vistar Holdings stock overvalued right now?
Based on GuruFocus' analysis, Vistar Holdings (HKSE:08535) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.05, compared to a current price of HK$0.12 — trading 140% above its estimated fair value. The current Return-on-Tangible-Equity is 1.38%, which is 88% below median its 10-year median of 11.29 and 83.2% below the Construction industry median of 8.21. Vistar Holdings' overall GF Score™ is 56/100 with 6 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 Vistar Holdings (HKSE:08535), the current Return-on-Tangible-Equity is 1.38% 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 Vistar Holdings (HKSE:08535) Overvalued in 2026?
Based on GuruFocus' analysis, Vistar Holdings stock appears to be overvalued.
The current stock price of HK$0.12 is trading 140% above its estimated GF Value™ of HK$0.05.
GuruFocus considers Vistar Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:08535:
Return-on-Tangible-Equity: 1.38% (88% below median its 10-year median of 11.29)
GF Value™: HK$0.05 vs. price of HK$0.12 (140% above fair value)
Industry Position: 83.2% below the Construction median (#1270 of 1711)
No single metric tells the full story. See the HKSE:08535 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vistar Holdings Ltd's principal activity of the Company is investment holding. The Company and its subsidiaries are principally engaged in the provision of installation services, alteration and addition works, and maintenance services of electrical and mechanical engineering systems in Hong Kong. The company operates through three segments, namely, Installation services, Alteration and addition work, and Maintenance services. Its Installation segment is involved in the supply and carrying out of installation services; Its Alteration and addition work segment provision of alteration and addition works on existing systems of customers; and its Maintenance services segment comprises the provision of repair and maintenance services. The group derives its majority revenue from Hong Kong.
56GF Score
Get the complete analysis for HKSE:08535
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:08535 has been successfully added to your 
