Forgame Holdings (FRA:FH0) ROE %: -11.80% (As of Dec. 2025)


FRA:FH0 Forgame Holdings Ltd FRA:FH0
60 GF Score
Price €0.07
GF Value €0.13
! 4 Warning Signs
View Full Analysis

What is Forgame Holdings ROE %?

Forgame Holdings FRA:FH0 +1.52% 60 ROE % is -11.80% as of Dec. 2025. GuruFocus rates FRA:FH0 with a GF Score™ of 60/100 and a GF Value™ of €0.13. The stock has 4 warning signs investors should review. Among 2,426 Hardware companies, Forgame Holdings ranks worse than 82.36% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Forgame Holdings's annualized net income for the quarter that ended in Dec. 2025 was €-6.37 Mil. Forgame Holdings's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was €53.95 Mil. Therefore, Forgame Holdings's annualized ROE % for the quarter that ended in Dec. 2025 was -11.80%.

The historical rank and industry rank for Forgame Holdings's ROE % or its related term are showing as below:

FRA:FH0' s ROE % Range Over the Past 10 Years
Min: -30.31   Med: -9.23   Max: 7.01
Current: -10.41

During the past 13 years, Forgame Holdings's highest ROE % was 7.01%. The lowest was -30.31%. And the median was -9.23%.

FRA:FH0's ROE % is ranked worse than
82.36% of 2426 companies
in the Hardware industry
Industry Median: 4.635 vs FRA:FH0: -10.41

Forgame Holdings  (FRA:FH0) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=-6.368/53.9455
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-6.368 / 18.81)*(18.81 / 57.901)*(57.901 / 53.9455)
=Net Margin %*Asset Turnover*Equity Multiplier
=-33.85 %*0.3249*1.0733
=ROA %*Equity Multiplier
=-11 %*1.0733
=-11.80 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=-6.368/53.9455
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-6.368 / -6.374) * (-6.374 / -5.956) * (-5.956 / 18.81) * (18.81 / 57.901) * (57.901 / 53.9455)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.9991 * 1.0702 * -31.66 % * 0.3249 * 1.0733
=-11.80 %

Note: The net income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Forgame Holdings ROE % Related Terms


Forgame Holdings ROE % Historical Data

* Premium members only.

The historical data trend for Forgame Holdings's ROE % 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.

Forgame Holdings ROE % Chart

Forgame Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.95 -3.10 -2.78 -11.17 -9.99

Forgame Holdings Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROE % 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 -4.75 -1.28 -21.24 -8.41 -11.80

FRA:FH0 vs SNX, ARW, AVT: ROE % Comparison

For the Electronics & Computer Distribution subindustry, Forgame Holdings's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Forgame Holdings ROE % vs Hardware Industry

For the Hardware industry and Technology sector, Forgame Holdings's ROE % distribution charts can be found below:

* The bar in red indicates where Forgame Holdings's ROE % falls into.


FRA:FH0
60GF Score
Forgame Holdings Ltd FRA:FH0
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Forgame Holdings ROE % Calculation

Forgame Holdings's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=-5.722/( (63.435+51.11)/ 2 )
=-5.722/57.2725
=-9.99 %

Forgame Holdings's annualized ROE % for the quarter that ended in Dec. 2025 is calculated as

ROE %=Net Income (Q: Dec. 2025 )/( (Total Stockholders Equity (Q: Jun. 2025 )+Total Stockholders Equity (Q: Dec. 2025 ))/ count )
=-6.368/( (56.781+51.11)/ 2 )
=-6.368/53.9455
=-11.80 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is two times the semi-annual (Dec. 2025) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of -11.80% mean?
Forgame Holdings (FRA:FH0) has a ROE % of -11.80% as of Dec. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Forgame Holdings and its competitors. According to the industry distribution chart, Forgame Holdings ranks #1998 out of 2426 companies in the Hardware industry, placing it in the top 82.4%.
Is Forgame Holdings' ROE % too high?
Forgame Holdings' current ROE % is -11.80%. Based on the distribution chart, Forgame Holdings ranks #1998 out of 2426 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Forgame Holdings has a GF Score™ of 60/100, reflecting its overall financial health beyond just this single metric.
How does Forgame Holdings' ROE % compare to SNX and ARW?
According to the Hardware industry distribution chart, Forgame Holdings ranks #1998 out of 2426 companies for ROE %. This places Forgame Holdings in the lower half of its industry. The industry median ROE % is 4.64. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Hardware company?
The median ROE % among Hardware companies is 4.64, based on 2,426 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Forgame Holdings and its competitors. For the Hardware industry, the median ROE % is 4.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forgame Holdings's current ROE % is -11.80%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forgame Holdings stock overvalued right now?
Forgame Holdings (FRA:FH0) has a current ROE % of -11.80%. The stock's GF Value™ is €0.13, compared to a current price of €0.07 — trading 48.5% below its estimated fair value. The current ROE % is -11.80%. Forgame Holdings' overall GF Score™ is 60/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Forgame Holdings (FRA:FH0), the current ROE % is -11.80% 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 Forgame Holdings (FRA:FH0) Overvalued in 2026?

Based on GuruFocus' analysis, Forgame Holdings stock appears to be undervalued. The current stock price of €0.07 is trading 48.5% below its estimated GF Value™ of €0.13.

Key valuation signals for FRA:FH0:

  • ROE %: -11.80%
  • GF Value™: €0.13 vs. price of €0.07 (48.5% below fair value)
  • GF Score™: 60/100 with 4 warning signs

No single metric tells the full story. See the FRA:FH0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Forgame Holdings Business Description

Other Exchanges 00484:Hong Kong
Address Block A Phase I, Room 1106, Innovation Technology Plaza, Tianan Digital City, Futian District, Chegongmiao, Shenzhen, CHN
Forgame Holdings Ltd is an investment holding company. Along with its subsidiaries, it is engaged in developing and publishing domestic and overseas web games and mobile games, and trading of electronic devices and semiconductors in the People's Republic of China (PRC). The Group's operating segments are: Game business, and Electronic device and semiconductor business. The majority of its revenue is derived from the Electronic Device and Semiconductor Business, which is engaged in trading storage solutions and semiconductor components for enterprise-level products, providing various products from components to systems. Geographically, the Group generates maximum revenue from PRC (excluding Hong Kong), and the rest from other regions.
60GF Score

Get the complete analysis for FRA:FH0

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

€0.07
Price
€0.13
GF Value