Sino Horizon Holdings (TPE:2923) ROCE %: 4.09% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

TPE:2923 Sino Horizon Holdings Ltd TPE:2923
57 GF Score
Price NT$25.25
GF Value NT$20.57
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Sino Horizon Holdings ROCE %?

Sino Horizon Holdings TPE:2923 +0.40% 57 ROCE % is 4.09% as of Mar. 2026. GuruFocus rates TPE:2923 with a GF Score™ of 57/100 and a GF Value™ of NT$20.57 (Modestly Overvalued). The stock has 6 warning signs investors should review.

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. Sino Horizon Holdings's annualized ROCE % for the quarter that ended in Mar. 2026 was 4.09%.

Sino Horizon Holdings  (TPE:2923) 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.

Sino Horizon Holdings ROCE % Related Terms

Sino Horizon Holdings ROCE % Historical Data

* Premium members only.

The historical data trend for Sino Horizon Holdings's ROCE % 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.

Sino Horizon Holdings ROCE % Chart

Sino Horizon Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.57 3.93 6.32 5.46 -4.05

Sino Horizon Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.29 -2.72 5.20 -20.61 4.09
TPE:2923
57GF Score
Sino Horizon Holdings Ltd TPE:2923
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sino Horizon Holdings ROCE % Calculation

Sino Horizon Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=-4204.644/( ( (129993.212 - 23409.775) + (117466.15 - 16588.209) )/ 2 )
=-4204.644/( (106583.437+100877.941)/ 2 )
=-4204.644/103730.689
=-4.05 %

Sino Horizon Holdings's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=4172.6/( ( (117466.15 - 16588.209) + (117789.596 - 14759.908) )/ 2 )
=4172.6/( ( 100877.941 + 103029.688 )/ 2 )
=4172.6/101953.8145
=4.09 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 4.09% mean?
Sino Horizon Holdings (TPE:2923) has a ROCE % of 4.09% as of Mar. 2026.
Is Sino Horizon Holdings' ROCE % too high?
Sino Horizon Holdings' current ROCE % is 4.09%. The Real Estate industry median ROCE % is 4.82. Sino Horizon Holdings' value of 4.09% is 15.1% below this industry median. Overall, Sino Horizon Holdings has a GF Score™ of 57/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sino Horizon Holdings' ROCE % compare to competitors?
Sino Horizon Holdings' ROCE % of 4.09% can be compared against companies in the Real Estate industry. The industry median ROCE % is 4.82. Sino Horizon Holdings' value of 4.09% is 15.1% below 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 a Real Estate company?
The median ROCE % among Real Estate companies is 4.82, based on 1,756 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. Sino Horizon Holdings's current ROCE % of 4.09% is 15.1% below 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 Real Estate industry, the median ROCE % is 4.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sino Horizon Holdings's current ROCE % is 4.09%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sino Horizon Holdings stock overvalued right now?
Based on GuruFocus' analysis, Sino Horizon Holdings (TPE:2923) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$20.57, compared to a current price of NT$25.25 — trading 22.8% above its estimated fair value. The current ROCE % is 4.09% and 15.1% below the Real Estate industry median of 4.82. Sino Horizon Holdings' overall GF Score™ is 57/100 with 6 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 Sino Horizon Holdings (TPE:2923), the current ROCE % is 4.09% as of Mar. 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 Sino Horizon Holdings (TPE:2923) Overvalued in 2026?

Based on GuruFocus' analysis, Sino Horizon Holdings stock appears to be overvalued. The current stock price of NT$25.25 is trading 22.8% above its estimated GF Value™ of NT$20.57. GuruFocus considers Sino Horizon Holdings to be Modestly Overvalued.

Key valuation signals for TPE:2923:

  • ROCE %: 4.09%
  • GF Value™: NT$20.57 vs. price of NT$25.25 (22.8% above fair value)
  • GF Score™: 57/100 with 6 warning signs
  • Industry Position: 15.1% below the Real Estate median

No single metric tells the full story. See the TPE:2923 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Sino Horizon Holdings Business Description

Address Ruijin 2 road, No.450, Huangpu District, Shanghai, CHN
Sino Horizon Holdings Ltd provides real estate development services. The company manages, sells, leases, and develops real estate businesses in China. Its reportable segments include real-estate sales, commercial leasing, property management, and others. The company derives the maximum revenue from the real-estate sales segment. Geographically, it operates in Mainland China and Taiwan.
57GF Score

Get the complete analysis for TPE:2923

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$25.25
Price
NT$20.57
GF Value