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.
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.
Reliance Global HoldingsHKSE:00723 -2.13%36 ROE % is 28.34% as of Mar. 2026, which is 173% above its 10-year median of 10.39. GuruFocus rates HKSE:00723 with a GF Score™ of 36/100 and a GF Value™ of HK$0.06 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 279 Forest Products companies, Reliance Global Holdings ranks better than 93.55% on this metric.
Reliance Global Holdings (HKSE:00723) 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:
Note:
The net income data used here is two times the semi-annual (Mar. 2026) net income data. The Revenue data used here is two times the semi-annual (Mar. 2026) 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.
* 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.
For the Lumber & Wood Production subindustry, Reliance Global 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.
Reliance Global Holdings ROE % vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Reliance Global Holdings's ROE % distribution charts can be found below:
* The bar in red indicates where Reliance Global Holdings's ROE % falls into.
* 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 (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Reliance Global Holdings (HKSE:00723) has a ROE % of 28.34% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Reliance Global Holdings and its competitors. This is 173% above median its historical median of 10.39. According to the industry distribution chart, Reliance Global Holdings ranks #18 out of 279 companies in the Forest Products industry, placing it in the top 6.5%.
Is Reliance Global Holdings' ROE % too high?
Reliance Global Holdings' current ROE % of 28.34% is 173% above median its 10-year median of 10.39. The Forest Products industry median ROE % is 2.13. Reliance Global Holdings' value of 28.34% is 1230.5% above this industry median. Based on the distribution chart, Reliance Global Holdings ranks #18 out of 279 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, Reliance Global Holdings has a GF Score™ of 36/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Reliance Global Holdings' ROE % compare to SSD and UFPI?
According to the Forest Products industry distribution chart, Reliance Global Holdings ranks #18 out of 279 companies for ROE %. This places Reliance Global Holdings in the top 7% of its industry — outperforming the majority of peers. The industry median ROE % is 2.13. Reliance Global Holdings' value of 28.34% is 1230.5% above this benchmark. While the company's 10-year median is 10.39 vs. the industry median of 2.13, Reliance Global Holdings has consistently been above the industry average. 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 Forest Products company?
The median ROE % among Forest Products companies is 2.13, based on 279 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. Reliance Global Holdings's current ROE % of 28.34% is 1230.5% 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 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 Reliance Global Holdings and its competitors. For the Forest Products industry, the median ROE % is 2.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Reliance Global Holdings's current ROE % is 28.34%, which is 173% above median its own 10-year median of 10.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Reliance Global Holdings stock overvalued right now?
Based on GuruFocus' analysis, Reliance Global Holdings (HKSE:00723) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.06, compared to a current price of HK$0.23 — trading 283.3% above its estimated fair value. The current ROE % is 28.34%, which is 173% above median its 10-year median of 10.39 and 1230.5% above the Forest Products industry median of 2.13. Reliance Global Holdings' overall GF Score™ is 36/100 with 7 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 Reliance Global Holdings (HKSE:00723), the current ROE % is 28.34% 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 Reliance Global Holdings (HKSE:00723) Overvalued in 2026?
Based on GuruFocus' analysis, Reliance Global Holdings stock appears to be overvalued.
The current stock price of HK$0.23 is trading 283.3% above its estimated GF Value™ of HK$0.06.
GuruFocus considers Reliance Global Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:00723:
ROE %: 28.34% (173% above median its 10-year median of 10.39)
GF Value™: HK$0.06 vs. price of HK$0.23 (283.3% above fair value)
Industry Position: 1230.5% above the Forest Products median (#18 of 279)
No single metric tells the full story. See the HKSE:00723 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Reliance Global Holdings Ltd is an investment holding company. It operates through four segments namely forest-related business comprising timber supply chain and sustainable forest management, money lending business, and leasing of properties. The company generates a majority of its revenue from the sale of timber and wooden products segment. Its geographical segments include China, Hong Kong, Asia, Europe, and the Middle East, out of which the majority of the revenue derives from China.
36GF Score
Get the complete analysis for HKSE:00723
ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HKSE:00723 has been successfully added to your 
