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ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. East Nova Holdings's annualized return on capital (ROC %) for the quarter that ended in Dec. 2025 was 24.29%.
As of today (2026-08-31), East Nova Holdings's WACC % is -5.61%. East Nova Holdings's ROC % is 22.39% (calculated using TTM income statement data).
East Nova Holdings generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.
ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.
There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.
Why is ROC % important?
Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, East Nova Holdings's WACC % is -5.61%. East Nova Holdings's ROC % is 22.39% (calculated using TTM income statement data).
East Nova Holdings generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.
Be Aware
Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
East Nova Holdings ROC % Related Terms
East Nova Holdings ROC % Historical Data
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The historical data trend for East Nova Holdings's ROC % 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.
Note:
The Operating Income data used here is two times the semi-annual (Dec. 2025) data.
The tax rate is limited to between 0% and 100%.
* 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.
East Nova Holdings (HKSE:03626) has a ROC % of 24.29% as of Dec. 2025. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on East Nova Holdings and its competitors.
Is East Nova Holdings' ROC % too high?
East Nova Holdings' current ROC % is 24.29%. The Business Services industry median ROC % is 6.12. East Nova Holdings' value of 24.29% is 296.9% above this industry median. Overall, East Nova Holdings has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does East Nova Holdings' ROC % compare to CTAS and CPRT?
East Nova Holdings' ROC % of 24.29% can be compared against companies in the Business Services industry. The industry median ROC % is 6.12. East Nova Holdings' value of 24.29% is 296.9% 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 ROC % for a Business Services company?
The median ROC % among Business Services companies is 6.12, based on 1,070 companies in the industry. Companies in the top quartile (top 25%) have a ROC % significantly above this median, while those in the bottom quartile fall well below. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. East Nova Holdings's current ROC % of 24.29% is 296.9% 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 ROC % mean?
A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on East Nova Holdings and its competitors. For the Business Services industry, the median ROC % is 6.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. East Nova Holdings's current ROC % is 24.29%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is East Nova Holdings stock overvalued right now?
Based on GuruFocus' analysis, East Nova Holdings (HKSE:03626) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.64, compared to a current price of HK$1.64 — trading 156.3% above its estimated fair value. The current ROC % is 24.29% and 296.9% above the Business Services industry median of 6.12. East Nova Holdings' overall GF Score™ is 50/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC % calculated?
ROC % is calculated from a company's financial statements. For East Nova Holdings (HKSE:03626), the current ROC % is 24.29% 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 East Nova Holdings (HKSE:03626) Overvalued in 2026?
Based on GuruFocus' analysis, East Nova Holdings stock appears to be overvalued.
The current stock price of HK$1.64 is trading 156.3% above its estimated GF Value™ of HK$0.64.
GuruFocus considers East Nova Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:03626:
ROC %: 24.29%
GF Value™: HK$0.64 vs. price of HK$1.64 (156.3% above fair value)
Industry Position: 296.9% above the Business Services median
No single metric tells the full story. See the HKSE:03626 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
East Nova Holdings Ltd, formerly known as Hang Sang (Siu Po) International Holding Co Ltd, engages in the manufacturing and sale of apparel labels and packaging printing products, and the trading and online distribution of food, daily necessities, and utility products. Its products include leaflets, business cards, books, stationery, and catalogs. The Group operates through four segments: printing, which manufactures and sells apparel labels and packaging printing products; food and daily necessities, which covers the sale and distribution of food, household, and utility items; restaurant operations, which generate revenue from catering services; and e-cigarette product sales. The printing segment contributes the majority of the Group's revenue, mainly from Hong Kong.
50GF Score
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