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.
The historical rank and industry rank for FS Development Investment Holdings's Return-on-Tangible-Equity or its related term are showing as below:
SZSE:300071'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -196.42 Med: -55.79 Max: 69.53
Current: -81.69
During the past 13 years, FS Development Investment Holdings's highest Return-on-Tangible-Equity was 69.53%. The lowest was -196.42%. And the median was -55.79%.
SZSE:300071's Return-on-Tangible-Equity is ranked worse than 93.41% of 865
companies
in the Media - Diversified industry
Industry Median: 5.18
vs SZSE:300071: -81.69
FS Development Investment Holdings (SZSE:300071) 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.
FS Development Investment Holdings Return-on-Tangible-Equity Related Terms
FS Development Investment 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.
FS Development Investment Holdings Return-on-Tangible-Equity Chart
SZSE:300071 vs APP, OMC, TTD: Return-on-Tangible-Equity Comparison
For the Advertising Agencies subindustry, FS Development Investment 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.
FS Development Investment Holdings Return-on-Tangible-Equity vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, FS Development Investment Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where FS Development Investment 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 four times the quarterly (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 9.48% mean?
FS Development Investment Holdings (SZSE:300071) has a Return-on-Tangible-Equity of 9.48% 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 FS Development Investment Holdings and its competitors. According to the industry distribution chart, FS Development Investment Holdings ranks #808 out of 865 companies in the Media - Diversified industry, placing it in the top 93.4%.
Is FS Development Investment Holdings' Return-on-Tangible-Equity too high?
FS Development Investment Holdings' current Return-on-Tangible-Equity is 9.48%. The Media - Diversified industry median Return-on-Tangible-Equity is 5.18. FS Development Investment Holdings' value of 9.48% is 83% above this industry median. Based on the distribution chart, FS Development Investment Holdings ranks #808 out of 865 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, FS Development Investment Holdings has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does FS Development Investment Holdings' Return-on-Tangible-Equity compare to APP and OMC?
According to the Media - Diversified industry distribution chart, FS Development Investment Holdings ranks #808 out of 865 companies for Return-on-Tangible-Equity. This places FS Development Investment Holdings in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.18. FS Development Investment Holdings' value of 9.48% is 83% above this benchmark. 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 5.18, based on 865 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. FS Development Investment Holdings's current Return-on-Tangible-Equity of 9.48% is 83% 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 FS Development Investment Holdings and its competitors. For the Media - Diversified industry, the median Return-on-Tangible-Equity is 5.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FS Development Investment Holdings's current Return-on-Tangible-Equity is 9.48%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FS Development Investment Holdings stock overvalued right now?
Based on GuruFocus' analysis, FS Development Investment Holdings (SZSE:300071) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥2.93, compared to a current price of ¥4.18 — trading 42.7% above its estimated fair value. The current Return-on-Tangible-Equity is 9.48% and 83% above the Media - Diversified industry median of 5.18. FS Development Investment Holdings' overall GF Score™ is 54/100 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 FS Development Investment Holdings (SZSE:300071), the current Return-on-Tangible-Equity is 9.48% 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 FS Development Investment Holdings (SZSE:300071) Overvalued in 2026?
Based on GuruFocus' analysis, FS Development Investment Holdings stock appears to be overvalued.
The current stock price of ¥4.18 is trading 42.7% above its estimated GF Value™ of ¥2.93.
GuruFocus considers FS Development Investment Holdings to be Significantly Overvalued.
Key valuation signals for SZSE:300071:
Return-on-Tangible-Equity: 9.48%
GF Value™: ¥2.93 vs. price of ¥4.18 (42.7% above fair value)
Industry Position: 83% above the Media - Diversified median (#808 of 865)
No single metric tells the full story. See the SZSE:300071 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FS Development Investment Holdings formerly Spearhead Integrated Marketing Communication Group is an offline marketing service provider. It is engaged in public relations advertising, digital marketing, content marketing, big data marketing.
54GF Score
Get the complete analysis for SZSE:300071
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
SZSE:300071 has been successfully added to your 
