ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Asia Pioneer Entertainment Holdings's annualized return on capital (ROC %) for the quarter that ended in Dec. 2025 was 108.61%.
As of today (2026-07-02), Asia Pioneer Entertainment Holdings's WACC % is 0.26%. Asia Pioneer Entertainment Holdings's ROC % is 54.43% (calculated using TTM income statement data).
Asia Pioneer Entertainment 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.
Asia Pioneer Entertainment Holdings (HKSE:08400) ROC % Explanation
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, Asia Pioneer Entertainment Holdings's WACC % is 0.26%. Asia Pioneer Entertainment Holdings's ROC % is 54.43% (calculated using TTM income statement data).
Asia Pioneer Entertainment 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.
Asia Pioneer Entertainment Holdings ROC % Related Terms
Asia Pioneer Entertainment Holdings ROC % 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.
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.
Asia Pioneer Entertainment Holdings (HKSE:08400) has a ROC % of 108.61% as of Dec. 2025. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Asia Pioneer Entertainment Holdings and its competitors.
Is Asia Pioneer Entertainment Holdings' ROC % too high?
Asia Pioneer Entertainment Holdings' current ROC % is 108.61%. The Travel & Leisure industry median ROC % is 3.77. Asia Pioneer Entertainment Holdings' value of 108.61% is 2784.7% above this industry median. Overall, Asia Pioneer Entertainment Holdings has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Asia Pioneer Entertainment Holdings' ROC % compare to FLUT and DKNG?
Asia Pioneer Entertainment Holdings' ROC % of 108.61% can be compared against companies in the Travel & Leisure industry. The industry median ROC % is 3.77. Asia Pioneer Entertainment Holdings' value of 108.61% is 2784.7% 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 Travel & Leisure company?
The median ROC % among Travel & Leisure companies is 3.77, based on 832 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. Asia Pioneer Entertainment Holdings's current ROC % of 108.61% is 2784.7% 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 Asia Pioneer Entertainment Holdings and its competitors. For the Travel & Leisure industry, the median ROC % is 3.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asia Pioneer Entertainment Holdings's current ROC % is 108.61%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia Pioneer Entertainment Holdings stock overvalued right now?
Based on GuruFocus' analysis, Asia Pioneer Entertainment Holdings (HKSE:08400) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.08, compared to a current price of HK$0.11 — trading 31.3% above its estimated fair value. The current ROC % is 108.61% and 2784.7% above the Travel & Leisure industry median of 3.77. Asia Pioneer Entertainment Holdings' overall GF Score™ is 51/100. 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 Asia Pioneer Entertainment Holdings (HKSE:08400), the current ROC % is 108.61% 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 Asia Pioneer Entertainment Holdings (HKSE:08400) Overvalued in 2026?
Based on GuruFocus' analysis, Asia Pioneer Entertainment Holdings stock appears to be overvalued.
The current stock price of HK$0.11 is trading 31.3% above its estimated GF Value™ of HK$0.08.
GuruFocus considers Asia Pioneer Entertainment Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:08400:
ROC %: 108.61%
GF Value™: HK$0.08 vs. price of HK$0.11 (31.3% above fair value)
Industry Position: 2784.7% above the Travel & Leisure median
No single metric tells the full story. See the HKSE:08400 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asia Pioneer Entertainment Holdings Business Description
Asia Pioneer Entertainment Holdings Ltd is an investment holding company. Its segments include EGE Business and Smart VM Business. EGE business engaged in three divisions Technical Sales and Distribution of Electronic Gaming Equipment, Consultancy and Technical Services, and Repair Services. Smart VM Business engaged in sales of various Macau-sourced products to consumers and travelers through Smart VM in the Macau SAR and the People's Republic of China. Its generate the majority of its revenue from the EGE business.
51GF Score
Get the complete analysis for HKSE:08400
ROC % 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:08400 has been successfully added to your 
