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ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Major Holdings's annualized net income for the quarter that ended in Mar. 2026 was HK$0.29 Mil. Major Holdings's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was HK$107.69 Mil. Therefore, Major Holdings's annualized ROE % for the quarter that ended in Mar. 2026 was 0.27%.
The historical rank and industry rank for Major Holdings's ROE % or its related term are showing as below:
HKSE:01389'
s ROE % Range Over the Past 10 Years
Min: -23.22 Med: -5.16 Max: 6.58
Current: -1.71
During the past 13 years, Major Holdings's highest ROE % was 6.58%. The lowest was -23.22%. And the median was -5.16%.
HKSE:01389's ROE % is ranked worse than 78.05% of 205
companies
in the Beverages - Alcoholic industry
Industry Median: 5.22
vs HKSE:01389: -1.71
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.
Major Holdings ROE % Related Terms
Major Holdings ROE % Historical Data
* Premium members only.
The historical data trend for Major 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.
For the Beverages - Wineries & Distilleries subindustry, Major 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.
Major Holdings ROE % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Major Holdings's ROE % distribution charts can be found below:
* The bar in red indicates where Major 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.
Major Holdings (HKSE:01389) has a ROE % of 0.27% 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 Major Holdings and its competitors. According to the industry distribution chart, Major Holdings ranks #160 out of 205 companies in the Beverages - Alcoholic industry, placing it in the top 78%.
Is Major Holdings' ROE % too high?
Major Holdings' current ROE % is 0.27%. The Beverages - Alcoholic industry median ROE % is 5.22. Major Holdings' value of 0.27% is 94.8% below this industry median. Based on the distribution chart, Major Holdings ranks #160 out of 205 companies in the Beverages - Alcoholic industry, which is in the bottom quartile relative to peers. Overall, Major 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 Major Holdings' ROE % compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Major Holdings ranks #160 out of 205 companies for ROE %. This places Major Holdings in the lower half of its industry. The industry median ROE % is 5.22. Major Holdings' value of 0.27% is 94.8% 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 ROE % for a Beverages - Alcoholic company?
The median ROE % among Beverages - Alcoholic companies is 5.22, based on 205 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. Major Holdings's current ROE % of 0.27% is 94.8% 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 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 Major Holdings and its competitors. For the Beverages - Alcoholic industry, the median ROE % is 5.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Major Holdings's current ROE % is 0.27%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Major Holdings stock overvalued right now?
Based on GuruFocus' analysis, Major Holdings (HKSE:01389) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.15, compared to a current price of HK$0.50 — trading 233.3% above its estimated fair value. The current ROE % is 0.27% and 94.8% below the Beverages - Alcoholic industry median of 5.22. Major Holdings' overall GF Score™ is 36/100 with 3 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 Major Holdings (HKSE:01389), the current ROE % is 0.27% 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 Major Holdings (HKSE:01389) Overvalued in 2026?
Based on GuruFocus' analysis, Major Holdings stock appears to be overvalued.
The current stock price of HK$0.50 is trading 233.3% above its estimated GF Value™ of HK$0.15.
GuruFocus considers Major Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:01389:
ROE %: 0.27%
GF Value™: HK$0.15 vs. price of HK$0.50 (233.3% above fair value)
Industry Position: 94.8% below the Beverages - Alcoholic median (#160 of 205)
No single metric tells the full story. See the HKSE:01389 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Major Holdings Ltd is an investment holding company. The company is principally engaged in the distribution of wine and spirit products and wine accessory products in Hong Kong. The products of the company include Red wine, White wine, Sparkling wine, Spirits, Sake, Wine accessory products, and other products. The group offers products through its retail showrooms, a network of distributors, retail organizations, five-star hotels, and private clubs. The majority of the revenue of the company is derived from Hong Kong.
36GF Score
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