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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 %. Ten Pao Group Holdings's annualized return on capital (ROC %) for the quarter that ended in Dec. 2025 was 10.80%.
As of today (2026-08-08), Ten Pao Group Holdings's WACC % is 6.07%. Ten Pao Group Holdings's ROC % is 12.55% (calculated using TTM income statement data).
Ten Pao Group 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.
Ten Pao Group Holdings (OTCPK:TNPOF) 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, Ten Pao Group Holdings's WACC % is 6.07%. Ten Pao Group Holdings's ROC % is 12.55% (calculated using TTM income statement data).
Ten Pao Group 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.
* 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.
Ten Pao Group Holdings (TNPOF) has a ROC % of 10.80% as of Dec. 2025. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Ten Pao Group Holdings and its competitors.
Is Ten Pao Group Holdings' ROC % too high?
Ten Pao Group Holdings' current ROC % is 10.80%. The Industrial Products industry median ROC % is 5.17. Ten Pao Group Holdings' value of 10.80% is 108.9% above this industry median. Overall, Ten Pao Group Holdings has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does Ten Pao Group Holdings' ROC % compare to VRT and BE?
Ten Pao Group Holdings' ROC % of 10.80% can be compared against companies in the Industrial Products industry. The industry median ROC % is 5.17. Ten Pao Group Holdings' value of 10.80% is 108.9% 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 an Industrial Products company?
The median ROC % among Industrial Products companies is 5.17, based on 3,027 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. Ten Pao Group Holdings's current ROC % of 10.80% is 108.9% 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 Ten Pao Group Holdings and its competitors. For the Industrial Products industry, the median ROC % is 5.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ten Pao Group Holdings's current ROC % is 10.80%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ten Pao Group Holdings stock overvalued right now?
Ten Pao Group Holdings (TNPOF) has a current ROC % of 10.80%. The stock's GF Value™ is $0.11, compared to a current price of $0.11 — trading 1.8% above its estimated fair value. The current ROC % is 10.80% and 108.9% above the Industrial Products industry median of 5.17. Ten Pao Group Holdings' overall GF Score™ is 79/100 with 4 warning signs to review. 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 Ten Pao Group Holdings (TNPOF), the current ROC % is 10.80% 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 Ten Pao Group Holdings (TNPOF) Overvalued in 2026?
Based on GuruFocus' analysis, Ten Pao Group Holdings stock appears to be overvalued.
The current stock price of $0.11 is trading 1.8% above its estimated GF Value™ of $0.11.
Key valuation signals for TNPOF:
ROC %: 10.80%
GF Value™: $0.11 vs. price of $0.11 (1.8% above fair value)
Industry Position: 108.9% above the Industrial Products median
No single metric tells the full story. See the TNPOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ten Pao Group Holdings Ltd is an investment holding company. It is engaged in the sales and manufacturing of switching power supply units for consumer products and smart chargers and controllers for industrial use. The operating segments of the company are Telecommunication, Media and Entertainment, Lighting, Smart chargers and controllers, New Energy Business, and others. Some of its products are USB chargers, wireless chargers, adapters, open-frame power supplies, LED drivers, smart chargers and controllers, and power savers. Geographically, the group has a business presence in the PRC (excluding Hong Kong), Europe, Asia, the U.S., Africa, and Other regions, of which prime revenue is derived from the PRC (excluding Hong Kong).
79GF Score
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