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ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Ten Pao Group Holdings's annualized ROCE % for the quarter that ended in Dec. 2025 was 15.60%.
Ten Pao Group Holdings (HKSE:01979) ROCE % Explanation
ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.
Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.
* 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.
(1) Note:
The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT 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.
Ten Pao Group Holdings (HKSE:01979) has a ROCE % of 15.60% as of Dec. 2025.
Is Ten Pao Group Holdings' ROCE % too high?
Ten Pao Group Holdings' current ROCE % is 15.60%. The Industrial Products industry median ROCE % is 7.11. Ten Pao Group Holdings' value of 15.60% is 119.4% above this industry median. Overall, Ten Pao Group Holdings has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ten Pao Group Holdings' ROCE % compare to VRT and BE?
Ten Pao Group Holdings' ROCE % of 15.60% can be compared against companies in the Industrial Products industry. The industry median ROCE % is 7.11. Ten Pao Group Holdings' value of 15.60% is 119.4% 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 ROCE % for an Industrial Products company?
The median ROCE % among Industrial Products companies is 7.11, based on 3,023 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ten Pao Group Holdings's current ROCE % of 15.60% is 119.4% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Industrial Products industry, the median ROCE % is 7.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ten Pao Group Holdings's current ROCE % is 15.60%. 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?
Based on GuruFocus' analysis, Ten Pao Group Holdings (HKSE:01979) is currently considered Fairly Valued. The stock's GF Value™ is HK$1.65, compared to a current price of HK$1.66 — trading 0.3% above its estimated fair value. The current ROCE % is 15.60% and 119.4% above the Industrial Products industry median of 7.11. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Ten Pao Group Holdings (HKSE:01979), the current ROCE % is 15.60% 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 (HKSE:01979) Overvalued in 2026?
Based on GuruFocus' analysis, Ten Pao Group Holdings stock appears to be overvalued.
The current stock price of HK$1.66 is trading 0.3% above its estimated GF Value™ of HK$1.65.
GuruFocus considers Ten Pao Group Holdings to be Fairly Valued.
Key valuation signals for HKSE:01979:
ROCE %: 15.60%
GF Value™: HK$1.65 vs. price of HK$1.66 (0.3% above fair value)
Industry Position: 119.4% above the Industrial Products median
No single metric tells the full story. See the HKSE:01979 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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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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