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Activation Group HoldingsHKSE:09919 -0.65%81 Return-on-Tangible-Equity is 27.37% as of Dec. 2025, which is 12% above its 10-year median of 24.49. GuruFocus rates HKSE:09919 with a GF Score™ of 81/100 and a GF Value™ of HK$1.26 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 863 Media - Diversified companies, Activation Group Holdings ranks better than 77.17% 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. Activation Group Holdings's annualized net income for the quarter that ended in Dec. 2025 was HK$97.2 Mil. Activation Group Holdings's average shareholder tangible equity for the quarter that ended in Dec. 2025 was HK$355.0 Mil. Therefore, Activation Group Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 27.37%.
The historical rank and industry rank for Activation Group Holdings's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:09919'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.22 Med: 24.49 Max: 36.92
Current: 23.59
During the past 10 years, Activation Group Holdings's highest Return-on-Tangible-Equity was 36.92%. The lowest was 6.22%. And the median was 24.49%.
HKSE:09919's Return-on-Tangible-Equity is ranked better than 77.17% of 863
companies
in the Media - Diversified industry
Industry Median: 5.08
vs HKSE:09919: 23.59
Activation Group Holdings (HKSE:09919) 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.
Activation Group Holdings Return-on-Tangible-Equity Related Terms
Activation Group Holdings Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Activation Group 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.
Activation Group Holdings Return-on-Tangible-Equity Chart
HKSE:09919 vs APP, OMC, TTD: Return-on-Tangible-Equity Comparison
For the Advertising Agencies subindustry, Activation Group 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.
Activation Group Holdings Return-on-Tangible-Equity vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Activation Group Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Activation Group 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 27.37% mean?
Activation Group Holdings (HKSE:09919) has a Return-on-Tangible-Equity of 27.37% 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 Activation Group Holdings and its competitors. This is 12% above median its historical median of 24.49. Over the past decade, Activation Group Holdings' Return-on-Tangible-Equity has ranged from 6.22 to 36.92. According to the industry distribution chart, Activation Group Holdings ranks #197 out of 863 companies in the Media - Diversified industry, placing it in the top 22.8%.
Is Activation Group Holdings' Return-on-Tangible-Equity too high?
Activation Group Holdings' current Return-on-Tangible-Equity of 27.37% is 12% above median its 10-year median of 24.49. Over the past 10 years, this metric has ranged from a low of 6.22 to a high of 36.92. The Media - Diversified industry median Return-on-Tangible-Equity is 5.08. Activation Group Holdings' value of 27.37% is 438.8% above this industry median. Based on the distribution chart, Activation Group Holdings ranks #197 out of 863 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, Activation Group Holdings has a GF Score™ of 81/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Activation Group Holdings' Return-on-Tangible-Equity compare to APP and OMC?
According to the Media - Diversified industry distribution chart, Activation Group Holdings ranks #197 out of 863 companies for Return-on-Tangible-Equity. This places Activation Group Holdings in the top 23% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.08. Activation Group Holdings' value of 27.37% is 438.8% above this benchmark. Historically, Activation Group Holdings' own Return-on-Tangible-Equity has ranged from 6.22 to 36.92 over the past decade. While the company's 10-year median is 24.49 vs. the industry median of 5.08, Activation Group Holdings 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 Media - Diversified company?
The median Return-on-Tangible-Equity among Media - Diversified companies is 5.08, based on 863 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. Activation Group Holdings's current Return-on-Tangible-Equity of 27.37% is 438.8% 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 Activation Group Holdings and its competitors. For the Media - Diversified industry, the median Return-on-Tangible-Equity is 5.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Activation Group Holdings's current Return-on-Tangible-Equity is 27.37%, which is 12% above median its own 10-year median of 24.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Activation Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Activation Group Holdings (HKSE:09919) is currently considered Possible Value Trap. The stock's GF Value™ is HK$1.26, compared to a current price of HK$0.77 — trading 38.9% below its estimated fair value. The current Return-on-Tangible-Equity is 27.37%, which is 12% above median its 10-year median of 24.49 and 438.8% above the Media - Diversified industry median of 5.08. Activation Group Holdings' overall GF Score™ is 81/100 with 3 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 Activation Group Holdings (HKSE:09919), the current Return-on-Tangible-Equity is 27.37% 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 Activation Group Holdings (HKSE:09919) Overvalued in 2026?
Based on GuruFocus' analysis, Activation Group Holdings stock appears to be undervalued.
The current stock price of HK$0.77 is trading 38.9% below its estimated GF Value™ of HK$1.26.
GuruFocus considers Activation Group Holdings to be Possible Value Trap.
Key valuation signals for HKSE:09919:
Return-on-Tangible-Equity: 27.37% (12% above median its 10-year median of 24.49)
GF Value™: HK$1.26 vs. price of HK$0.77 (38.9% below fair value)
Industry Position: 438.8% above the Media - Diversified median (#197 of 863)
No single metric tells the full story. See the HKSE:09919 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Activation Group Holdings Ltd is an integrated marketing solutions provider. The company focuses on the provision of experiential marketing, digital and brand communication, and public relations services. Its operating segment includes Experiential marketing services, Digital and communication services, and IP development. The company generates maximum revenue from Experiential marketing services. Geographically, it derives a majority of revenue from Chinese Mainland and also has a presence in Hong Kong/Singapore.
81GF Score
Get the complete analysis for HKSE:09919
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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