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.
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. JTF International Holdings's annualized net income for the quarter that ended in Dec. 2025 was HK$-11 Mil. JTF International Holdings's average shareholder tangible equity for the quarter that ended in Dec. 2025 was HK$456 Mil. Therefore, JTF International Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was -2.51%.
The historical rank and industry rank for JTF International Holdings's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:09689'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -2.55 Med: 8.89 Max: 78.17
Current: -2.53
During the past 11 years, JTF International Holdings's highest Return-on-Tangible-Equity was 78.17%. The lowest was -2.55%. And the median was 8.89%.
HKSE:09689's Return-on-Tangible-Equity is ranked worse than 71.13% of 956
companies
in the Oil & Gas industry
Industry Median: 7.38
vs HKSE:09689: -2.53
JTF International Holdings (HKSE:09689) 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.
JTF International Holdings Return-on-Tangible-Equity Related Terms
JTF International Holdings Return-on-Tangible-Equity Historical Data
* 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.
JTF International Holdings Return-on-Tangible-Equity Chart
HKSE:09689 vs MPC, VLO, PSX: Return-on-Tangible-Equity Comparison
For the Oil & Gas Refining & Marketing subindustry, JTF International 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.
JTF International Holdings Return-on-Tangible-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, JTF International Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where JTF International 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 -2.51% mean?
JTF International Holdings (HKSE:09689) has a Return-on-Tangible-Equity of -2.51% 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 JTF International Holdings and its competitors. According to the industry distribution chart, JTF International Holdings ranks #680 out of 956 companies in the Oil & Gas industry, placing it in the top 71.1%.
Is JTF International Holdings' Return-on-Tangible-Equity too high?
JTF International Holdings' current Return-on-Tangible-Equity is -2.51%. Based on the distribution chart, JTF International Holdings ranks #680 out of 956 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, JTF International Holdings has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does JTF International Holdings' Return-on-Tangible-Equity compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, JTF International Holdings ranks #680 out of 956 companies for Return-on-Tangible-Equity. This places JTF International Holdings in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.38. 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 an Oil & Gas company?
The median Return-on-Tangible-Equity among Oil & Gas companies is 7.38, based on 956 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 JTF International Holdings and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Equity is 7.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JTF International Holdings's current Return-on-Tangible-Equity is -2.51%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JTF International Holdings stock overvalued right now?
Based on GuruFocus' analysis, JTF International Holdings (HKSE:09689) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.43, compared to a current price of HK$0.63 — trading 46.5% above its estimated fair value. The current Return-on-Tangible-Equity is -2.51%. JTF International Holdings' overall GF Score™ is 45/100 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 JTF International Holdings (HKSE:09689), the current Return-on-Tangible-Equity is -2.51% 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 JTF International Holdings (HKSE:09689) Overvalued in 2026?
Based on GuruFocus' analysis, JTF International Holdings stock appears to be overvalued.
The current stock price of HK$0.63 is trading 46.5% above its estimated GF Value™ of HK$0.43.
GuruFocus considers JTF International Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:09689:
Return-on-Tangible-Equity: -2.51%
GF Value™: HK$0.43 vs. price of HK$0.63 (46.5% above fair value)
No single metric tells the full story. See the HKSE:09689 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
JTF International Holdings Ltd is engaged in the sale of refined oil, other petrochemical products, and the blending and sale of fuel oil in the People's Republic of China (the PRC). Its product portfolio includes fuel oil, refined oil, and other petrochemical products. It operates in a single segment and geographically derives the majority of the revenue from the PRC.
45GF Score
Get the complete analysis for HKSE:09689
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:09689 has been successfully added to your 
