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Horizon Construction DevelopmentHKSE:09930 +5.00%82 Return-on-Tangible-Equity is 0.68% as of Jun. 2026, which is 93% below its 10-year median of 9.25. GuruFocus rates HKSE:09930 with a GF Score™ of 82/100 and a GF Value™ of HK$1.20 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 1,011 Business Services companies, Horizon Construction Development ranks worse than 76.36% on this metric.
The historical rank and industry rank for Horizon Construction Development's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:09930'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.32 Med: 9.25 Max: 12.75
Current: 1.34
During the past 6 years, Horizon Construction Development's highest Return-on-Tangible-Equity was 12.75%. The lowest was 1.32%. And the median was 9.25%.
HKSE:09930's Return-on-Tangible-Equity is ranked worse than 76.36% of 1011
companies
in the Business Services industry
Industry Median: 11.36
vs HKSE:09930: 1.34
Horizon Construction Development (HKSE:09930) 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.
Horizon Construction Development Return-on-Tangible-Equity Related Terms
Horizon Construction Development 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.
Horizon Construction Development Return-on-Tangible-Equity Chart
HKSE:09930 vs URI, SUNB, AER: Return-on-Tangible-Equity Comparison
For the Rental & Leasing Services subindustry, Horizon Construction Development'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.
Horizon Construction Development Return-on-Tangible-Equity vs Business Services Industry
For the Business Services industry and Industrials sector, Horizon Construction Development's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Horizon Construction Development'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 (Jun. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 0.68% mean?
Horizon Construction Development (HKSE:09930) has a Return-on-Tangible-Equity of 0.68% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Horizon Construction Development and its competitors. This is 93% below median its historical median of 9.25. Over the past decade, Horizon Construction Development's Return-on-Tangible-Equity has ranged from 1.32 to 12.75. According to the industry distribution chart, Horizon Construction Development ranks #772 out of 1011 companies in the Business Services industry, placing it in the top 76.4%.
Is Horizon Construction Development's Return-on-Tangible-Equity too high?
Horizon Construction Development's current Return-on-Tangible-Equity of 0.68% is 93% below median its 10-year median of 9.25. Over the past 10 years, this metric has ranged from a low of 1.32 to a high of 12.75. The Business Services industry median Return-on-Tangible-Equity is 11.36. Horizon Construction Development's value of 0.68% is 94% below this industry median. Based on the distribution chart, Horizon Construction Development ranks #772 out of 1011 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Horizon Construction Development has a GF Score™ of 82/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Horizon Construction Development's Return-on-Tangible-Equity compare to URI and SUNB?
According to the Business Services industry distribution chart, Horizon Construction Development ranks #772 out of 1011 companies for Return-on-Tangible-Equity. This places Horizon Construction Development in the lower half of its industry. The industry median Return-on-Tangible-Equity is 11.36. Horizon Construction Development's value of 0.68% is 94% below this benchmark. Historically, Horizon Construction Development's own Return-on-Tangible-Equity has ranged from 1.32 to 12.75 over the past decade. While the company's 10-year median is 9.25 vs. the industry median of 11.36, Horizon Construction Development 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 Business Services company?
The median Return-on-Tangible-Equity among Business Services companies is 11.36, based on 1,011 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. Horizon Construction Development's current Return-on-Tangible-Equity of 0.68% is 94% 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 Horizon Construction Development and its competitors. For the Business Services industry, the median Return-on-Tangible-Equity is 11.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Horizon Construction Development's current Return-on-Tangible-Equity is 0.68%, which is 93% below median its own 10-year median of 9.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Horizon Construction Development stock overvalued right now?
Based on GuruFocus' analysis, Horizon Construction Development (HKSE:09930) is currently considered Possible Value Trap. The stock's GF Value™ is HK$1.20, compared to a current price of HK$0.74 — trading 38.8% below its estimated fair value. The current Return-on-Tangible-Equity is 0.68%, which is 93% below median its 10-year median of 9.25 and 94% below the Business Services industry median of 11.36. Horizon Construction Development's overall GF Score™ is 82/100 with 9 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 Horizon Construction Development (HKSE:09930), the current Return-on-Tangible-Equity is 0.68% as of Jun. 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 Horizon Construction Development (HKSE:09930) Overvalued in 2026?
Based on GuruFocus' analysis, Horizon Construction Development stock appears to be undervalued.
The current stock price of HK$0.74 is trading 38.8% below its estimated GF Value™ of HK$1.20.
GuruFocus considers Horizon Construction Development to be Possible Value Trap.
Key valuation signals for HKSE:09930:
Return-on-Tangible-Equity: 0.68% (93% below median its 10-year median of 9.25)
GF Value™: HK$1.20 vs. price of HK$0.74 (38.8% below fair value)
Industry Position: 94% below the Business Services median (#772 of 1011)
No single metric tells the full story. See the HKSE:09930 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Horizon Construction Development Ltd is an equipment operation service provider. The Group is committed to providing one-stop comprehensive solutions of products and services for domestic and overseas clients in the construction and industrial sectors. The company has three reportable operating segments, Operating lease services, Engineering and technical services, and Asset management and other services. A majority of its revenue is generated from the Operating lease services segment that includes aerial work platform, neo-excavation support system, neo-formwork system and other equipment.
82GF Score
Get the complete analysis for HKSE:09930
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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