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.
Crystal International GroupHKSE:02232 +1.05%95 ROE % is 16.01% as of Dec. 2025, which is 15% above its 10-year median of 13.91. GuruFocus rates HKSE:02232 with a GF Score™ of 95/100 and a GF Value™ of HK$4.94 (Modestly Overvalued). Among 1,024 Manufacturing - Apparel & Accessories companies, Crystal International Group ranks better than 82.62% on this metric.
Crystal International Group (HKSE:02232) 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 (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.
* 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 Apparel Manufacturing subindustry, Crystal International 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.
Crystal International Group ROE % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Crystal International Group's ROE % distribution charts can be found below:
* The bar in red indicates where Crystal International Group'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 (Dec. 2025) net income data.
ROE % is displayed in the 30-year financial page.
Crystal International Group (HKSE:02232) has a ROE % of 16.01% 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 Crystal International Group and its competitors. This is 15% above median its historical median of 13.91. Over the past decade, Crystal International Group's ROE % has ranged from 9.57 to 29.55. According to the industry distribution chart, Crystal International Group ranks #178 out of 1024 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 17.4%.
Is Crystal International Group's ROE % too high?
Crystal International Group's current ROE % of 16.01% is 15% above median its 10-year median of 13.91. Over the past 10 years, this metric has ranged from a low of 9.57 to a high of 29.55. The Manufacturing - Apparel & Accessories industry median ROE % is 4.04. Crystal International Group's value of 16.01% is 296.3% above this industry median. Based on the distribution chart, Crystal International Group ranks #178 out of 1024 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Crystal International Group has a GF Score™ of 95/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Crystal International Group's ROE % compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Crystal International Group ranks #178 out of 1024 companies for ROE %. This places Crystal International Group in the top 17% of its industry — outperforming the majority of peers. The industry median ROE % is 4.04. Crystal International Group's value of 16.01% is 296.3% above this benchmark. Historically, Crystal International Group's own ROE % has ranged from 9.57 to 29.55 over the past decade. While the company's 10-year median is 13.91 vs. the industry median of 4.04, Crystal International Group 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 Manufacturing - Apparel & Accessories company?
The median ROE % among Manufacturing - Apparel & Accessories companies is 4.04, based on 1,024 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. Crystal International Group's current ROE % of 16.01% is 296.3% 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 Crystal International 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. Crystal International Group's current ROE % is 16.01%, which is 15% above median its own 10-year median of 13.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Crystal International Group stock overvalued right now?
Based on GuruFocus' analysis, Crystal International Group (HKSE:02232) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$4.94, compared to a current price of HK$5.75 — trading 16.4% above its estimated fair value. The current ROE % is 16.01%, which is 15% above median its 10-year median of 13.91 and 296.3% above the Manufacturing - Apparel & Accessories industry median of 4.04. Crystal International Group's overall GF Score™ is 95/100. 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 Crystal International Group (HKSE:02232), the current ROE % is 16.01% 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 Crystal International Group (HKSE:02232) Overvalued in 2026?
Based on GuruFocus' analysis, Crystal International Group stock appears to be overvalued.
The current stock price of HK$5.75 is trading 16.4% above its estimated GF Value™ of HK$4.94.
GuruFocus considers Crystal International Group to be Modestly Overvalued.
Key valuation signals for HKSE:02232:
ROE %: 16.01% (15% above median its 10-year median of 13.91)
GF Value™: HK$4.94 vs. price of HK$5.75 (16.4% above fair value)
Industry Position: 296.3% above the Manufacturing - Apparel & Accessories median (#178 of 1024)
No single metric tells the full story. See the HKSE:02232 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Crystal International Group Ltd is principally engaged in the manufacturing and trading of garments. The operating segments of the company include Lifestyle wear, Denim, Intimate, Sweater, Sportswear, and Outdoor Apparel. It generates a majority of its revenue from Lifestyle wear. Geographically, it generates the majority of revenue from the Asia Pacific, which includes Japan, PRC, and South Korea.
95GF Score
Get the complete analysis for HKSE:02232
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:02232 has been successfully added to your 
