Hong Kong Economic Times Holdings (HKSE:00423) ROE %: -6.00% (As of Sep. 2025)


HKSE:00423 Hong Kong Economic Times Holdings Ltd HKSE:00423
44 GF Score
Price HK$0.69
GF Value HK$0.70
Valuation Fairly Valued
! 4 Warning Signs
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What is Hong Kong Economic Times Holdings ROE %?

Hong Kong Economic Times Holdings HKSE:00423 -1.43% 44 ROE % is -6.00% as of Sep. 2025. GuruFocus rates HKSE:00423 with a GF Score™ of 44/100 and a GF Value™ of HK$0.70 (Fairly Valued). The stock has 4 warning signs investors should review. Among 951 Media - Diversified companies, Hong Kong Economic Times Holdings ranks worse than 64.98% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Hong Kong Economic Times Holdings's annualized net income for the quarter that ended in Sep. 2025 was HK$-47.1 Mil. Hong Kong Economic Times Holdings's average Total Stockholders Equity over the quarter that ended in Sep. 2025 was HK$785.4 Mil. Therefore, Hong Kong Economic Times Holdings's annualized ROE % for the quarter that ended in Sep. 2025 was -6.00%.

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

HKSE:00423' s ROE % Range Over the Past 10 Years
Min: -4.21   Med: 3.6   Max: 8.33
Current: -3.2

During the past 13 years, Hong Kong Economic Times Holdings's highest ROE % was 8.33%. The lowest was -4.21%. And the median was 3.60%.

HKSE:00423's ROE % is ranked worse than
64.98% of 951 companies
in the Media - Diversified industry
Industry Median: 2.47 vs HKSE:00423: -3.20

Hong Kong Economic Times Holdings  (HKSE:00423) 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: Sep. 2025 )
=Net Income/Total Stockholders Equity
=-47.108/785.3535
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-47.108 / 728.87)*(728.87 / 1036.94)*(1036.94 / 785.3535)
=Net Margin %*Asset Turnover*Equity Multiplier
=-6.46 %*0.7029*1.3203
=ROA %*Equity Multiplier
=-4.54 %*1.3203
=-6.00 %

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: Sep. 2025 )
=Net Income/Total Stockholders Equity
=-47.108/785.3535
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-47.108 / -45.104) * (-45.104 / -54.096) * (-54.096 / 728.87) * (728.87 / 1036.94) * (1036.94 / 785.3535)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1.0444 * 0.8338 * -7.42 % * 0.7029 * 1.3203
=-6.00 %

Note: The net income data used here is two times the semi-annual (Sep. 2025) net income data. The Revenue data used here is two times the semi-annual (Sep. 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.


Hong Kong Economic Times Holdings ROE % Related Terms


Hong Kong Economic Times Holdings ROE % Historical Data

* Premium members only.

The historical data trend for Hong Kong Economic Times 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.

Hong Kong Economic Times Holdings ROE % Chart

Hong Kong Economic Times Holdings Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.47 3.72 3.13 6.17 -4.21

Hong Kong Economic Times Holdings Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
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 -4.79 17.46 -7.89 -0.49 -6.00

HKSE:00423 vs NYT, WLY: ROE % Comparison

For the Publishing subindustry, Hong Kong Economic Times 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.


Hong Kong Economic Times Holdings ROE % vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Hong Kong Economic Times Holdings's ROE % distribution charts can be found below:

* The bar in red indicates where Hong Kong Economic Times Holdings's ROE % falls into.


HKSE:00423
44GF Score
Hong Kong Economic Times Holdings Ltd HKSE:00423
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Hong Kong Economic Times Holdings ROE % Calculation

Hong Kong Economic Times Holdings's annualized ROE % for the fiscal year that ended in Mar. 2025 is calculated as

ROE %=Net Income (A: Mar. 2025 )/( (Total Stockholders Equity (A: Mar. 2024 )+Total Stockholders Equity (A: Mar. 2025 ))/ count )
=-35.689/( (886.186+807.788)/ 2 )
=-35.689/846.987
=-4.21 %

Hong Kong Economic Times Holdings's annualized ROE % for the quarter that ended in Sep. 2025 is calculated as

ROE %=Net Income (Q: Sep. 2025 )/( (Total Stockholders Equity (Q: Mar. 2025 )+Total Stockholders Equity (Q: Sep. 2025 ))/ count )
=-47.108/( (807.788+762.919)/ 2 )
=-47.108/785.3535
=-6.00 %

* 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 (Sep. 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 -6.00% mean?
Hong Kong Economic Times Holdings (HKSE:00423) has a ROE % of -6.00% as of Sep. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Hong Kong Economic Times Holdings and its competitors. According to the industry distribution chart, Hong Kong Economic Times Holdings ranks #618 out of 951 companies in the Media - Diversified industry, placing it in the top 65%.
Is Hong Kong Economic Times Holdings' ROE % too high?
Hong Kong Economic Times Holdings' current ROE % is -6.00%. Based on the distribution chart, Hong Kong Economic Times Holdings ranks #618 out of 951 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, Hong Kong Economic Times Holdings has a GF Score™ of 44/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hong Kong Economic Times Holdings' ROE % compare to NYT and WLY?
According to the Media - Diversified industry distribution chart, Hong Kong Economic Times Holdings ranks #618 out of 951 companies for ROE %. This places Hong Kong Economic Times Holdings in the lower half of its industry. The industry median ROE % is 2.47. 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 Media - Diversified company?
The median ROE % among Media - Diversified companies is 2.47, based on 951 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 Hong Kong Economic Times Holdings and its competitors. For the Media - Diversified industry, the median ROE % is 2.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hong Kong Economic Times Holdings's current ROE % is -6.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hong Kong Economic Times Holdings stock overvalued right now?
Based on GuruFocus' analysis, Hong Kong Economic Times Holdings (HKSE:00423) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.70, compared to a current price of HK$0.69 — trading 1.4% below its estimated fair value. The current ROE % is -6.00%. Hong Kong Economic Times Holdings' overall GF Score™ is 44/100 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 Hong Kong Economic Times Holdings (HKSE:00423), the current ROE % is -6.00% as of Sep. 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 Hong Kong Economic Times Holdings (HKSE:00423) Overvalued in 2026?

Based on GuruFocus' analysis, Hong Kong Economic Times Holdings stock appears to be undervalued. The current stock price of HK$0.69 is trading 1.4% below its estimated GF Value™ of HK$0.70. GuruFocus considers Hong Kong Economic Times Holdings to be Fairly Valued.

Key valuation signals for HKSE:00423:

  • ROE %: -6.00%
  • GF Value™: HK$0.70 vs. price of HK$0.69 (1.4% below fair value)
  • GF Score™: 44/100 with 4 warning signs

No single metric tells the full story. See the HKSE:00423 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hong Kong Economic Times Holdings Business Description

Address 321 Java Road, 6th Floor, Kodak House II, North Point, Hong Kong, HKG
Hong Kong Economic Times Holdings Ltd is an investment holding company. It is engaged in the printing and publishing of newspapers and magazines and the operation of their associated digital businesses; the operation of recruitment advertising and lifestyle platforms; and the provision of electronic financial and property market information services. Its segments are Media segment, majority revenue deriving segment, engaged in the printing and publication of newspapers, magazines and books and the operation of digital platforms, including recruitment, finance and lifestyle; and Financial news agency, information and solutions segment.
44GF Score

Get the complete analysis for HKSE:00423

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

HK$0.69
Price
HK$0.70
GF Value