Gilston Group (HKSE:02011) ROE %: -2.39% (As of Dec. 2025)

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HKSE:02011 Gilston Group Ltd HKSE:02011
70 GF Score
Price HK$1.35
GF Value HK$1.94
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Gilston Group ROE %?

Gilston Group HKSE:02011 70 ROE % is -2.39% as of Dec. 2025. GuruFocus rates HKSE:02011 with a GF Score™ of 70/100 and a GF Value™ of HK$1.94 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,023 Manufacturing - Apparel & Accessories companies, Gilston Group ranks better than 77.61% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Gilston Group's annualized net income for the quarter that ended in Dec. 2025 was HK$-5.1 Mil. Gilston Group's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was HK$214.5 Mil. Therefore, Gilston Group's annualized ROE % for the quarter that ended in Dec. 2025 was -2.39%.

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

HKSE:02011' s ROE % Range Over the Past 10 Years
Min: -44.79   Med: -11.7   Max: 21.23
Current: 11.71

During the past 13 years, Gilston Group's highest ROE % was 21.23%. The lowest was -44.79%. And the median was -11.70%.

HKSE:02011's ROE % is ranked better than
77.61% of 1023 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.04 vs HKSE:02011: 11.71

Gilston Group  (HKSE:02011) 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
=-5.116/214.493
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-5.116 / 376.972)*(376.972 / 602.175)*(602.175 / 214.493)
=Net Margin %*Asset Turnover*Equity Multiplier
=-1.36 %*0.626*2.8074
=ROA %*Equity Multiplier
=-0.85 %*2.8074
=-2.39 %

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
=-5.116/214.493
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-5.116 / 32.3) * (32.3 / 38.052) * (38.052 / 376.972) * (376.972 / 602.175) * (602.175 / 214.493)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= -0.1584 * 0.8488 * 10.09 % * 0.626 * 2.8074
=-2.39 %

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.


Gilston Group ROE % Related Terms


Gilston Group ROE % Historical Data

* Premium members only.

The historical data trend for Gilston Group'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.

Gilston Group ROE % Chart

Gilston Group 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 -11.93 -1.16 -44.79 21.23 12.03

Gilston Group 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 -95.67 15.42 25.33 26.73 -2.39

HKSE:02011 vs RL, LEVI, VFC: ROE % Comparison

For the Apparel Manufacturing subindustry, Gilston Group'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.


Gilston Group ROE % vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Gilston Group's ROE % distribution charts can be found below:

* The bar in red indicates where Gilston Group's ROE % falls into.


HKSE:02011
70GF Score
Gilston Group Ltd HKSE:02011
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gilston Group ROE % Calculation

Gilston Group'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 )
=23.814/( (180.866+215.16)/ 2 )
=23.814/198.013
=12.03 %

Gilston Group'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 )
=-5.116/( (213.826+215.16)/ 2 )
=-5.116/214.493
=-2.39 %

* 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 -2.39% mean?
Gilston Group (HKSE:02011) has a ROE % of -2.39% 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 Gilston Group and its competitors. According to the industry distribution chart, Gilston Group ranks #229 out of 1023 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 22.4%.
Is Gilston Group's ROE % too high?
Gilston Group's current ROE % is -2.39%. Based on the distribution chart, Gilston Group ranks #229 out of 1023 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Gilston Group has a GF Score™ of 70/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Gilston Group's ROE % compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Gilston Group ranks #229 out of 1023 companies for ROE %. This places Gilston Group in the top 22% of its industry — outperforming the majority of peers. The industry median ROE % is 4.04. 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 Manufacturing - Apparel & Accessories company?
The median ROE % among Manufacturing - Apparel & Accessories companies is 4.04, based on 1,023 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 Gilston Group and its competitors. For the Manufacturing - Apparel & Accessories industry, the median ROE % is 4.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gilston Group's current ROE % is -2.39%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gilston Group stock overvalued right now?
Based on GuruFocus' analysis, Gilston Group (HKSE:02011) is currently considered Significantly Undervalued. The stock's GF Value™ is HK$1.94, compared to a current price of HK$1.35 — trading 30.4% below its estimated fair value. The current ROE % is -2.39%. Gilston Group's overall GF Score™ is 70/100 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 Gilston Group (HKSE:02011), the current ROE % is -2.39% 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 Gilston Group (HKSE:02011) Overvalued in 2026?

Based on GuruFocus' analysis, Gilston Group stock appears to be undervalued. The current stock price of HK$1.35 is trading 30.4% below its estimated GF Value™ of HK$1.94. GuruFocus considers Gilston Group to be Significantly Undervalued.

Key valuation signals for HKSE:02011:

  • ROE %: -2.39%
  • GF Value™: HK$1.94 vs. price of HK$1.35 (30.4% below fair value)
  • GF Score™: 70/100 with 3 warning signs

No single metric tells the full story. See the HKSE:02011 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Gilston Group Business Description

Address Nine Queen’s Road Central, Suite 10A and 10B, 15th Floor, Central, Hong Kong, HKG
Gilston Group Ltd specializes in zipper design, development, production and sale. It is providing high-quality zipper products and zipper-based overall solutions for customers. The company operates in two reportable segments: Manufacture and Sales of Zippers, and Property Investment and Provision of Property Management Services. The company generates the majority of its revenue from the Manufacture and Sales of the Zippers segment. Geographically, Mainland China contributes the majority of company's revenue.
70GF Score

Get the complete analysis for HKSE:02011

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

HK$1.35
Price
HK$1.94
GF Value