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FS.COMHKSE:03355 -9.21%19 ROE % is 34.59% as of Dec. 2025, which is 40% above its 10-year median of 24.72. GuruFocus rates HKSE:03355 with a GF Score™ of 19/100. The stock has 2 warning signs investors should review. Among 2,429 Hardware companies, FS.COM ranks better than 64.22% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. FS.COM's annualized net income for the quarter that ended in Dec. 2025 was HK$787.9 Mil. FS.COM's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was HK$2,277.4 Mil. Therefore, FS.COM's annualized ROE % for the quarter that ended in Dec. 2025 was 34.59%.
The historical rank and industry rank for FS.COM's ROE % or its related term are showing as below:
HKSE:03355'
s ROE % Range Over the Past 10 Years
Min: 8.3 Med: 24.72 Max: 26.85
Current: 8.3
During the past 4 years, FS.COM's highest ROE % was 26.85%. The lowest was 8.30%. And the median was 24.72%.
HKSE:03355's ROE % is ranked better than 64.22% of 2429
companies
in the Hardware industry
Industry Median: 4.66
vs HKSE:03355: 8.30
FS.COM (HKSE:03355) 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 four times the quarterly (Dec. 2025) net income data. The Revenue data used here is four times the quarterly (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.
FS.COM ROE % Related Terms
FS.COM ROE % Historical Data
* Premium members only.
The historical data trend for FS.COM'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.
FS.COM ROE % Chart
FS.COM Annual Data
Trend
Dec22
Dec23
Dec24
Dec25
ROE %
23.79
25.64
17.86
26.85
FS.COM Quarterly Data
Dec22
Dec23
Dec24
Sep25
Dec25
ROE %
0.00
0.00
8.36
0.00
34.59
HKSE:03355 vs CSCO, MSI, HPE: ROE % Comparison
For the Communication Equipment subindustry, FS.COM'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.
FS.COM ROE % vs Hardware Industry
For the Hardware industry and Technology sector, FS.COM's ROE % distribution charts can be found below:
* The bar in red indicates where FS.COM'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 four times the quarterly (Dec. 2025) net income data.
ROE % is displayed in the 30-year financial page.
FS.COM (HKSE:03355) has a ROE % of 34.59% 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 FS.COM and its competitors. This is 40% above median its historical median of 24.72. Over the past decade, FS.COM's ROE % has ranged from 8.30 to 26.85. According to the industry distribution chart, FS.COM ranks #869 out of 2429 companies in the Hardware industry, placing it in the top 35.8%.
Is FS.COM's ROE % too high?
FS.COM's current ROE % of 34.59% is 40% above median its 10-year median of 24.72. Over the past 10 years, this metric has ranged from a low of 8.30 to a high of 26.85. The Hardware industry median ROE % is 4.66. FS.COM's value of 34.59% is 642.3% above this industry median. Based on the distribution chart, FS.COM ranks #869 out of 2429 companies in the Hardware industry, which is above the industry midpoint. Overall, FS.COM has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does FS.COM's ROE % compare to CSCO and MSI?
According to the Hardware industry distribution chart, FS.COM ranks #869 out of 2429 companies for ROE %. This puts FS.COM in the upper half of its industry. The industry median ROE % is 4.66. FS.COM's value of 34.59% is 642.3% above this benchmark. Historically, FS.COM's own ROE % has ranged from 8.30 to 26.85 over the past decade. While the company's 10-year median is 24.72 vs. the industry median of 4.66, FS.COM 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 Hardware company?
The median ROE % among Hardware companies is 4.66, based on 2,429 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. FS.COM's current ROE % of 34.59% is 642.3% 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 FS.COM and its competitors. For the Hardware industry, the median ROE % is 4.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FS.COM's current ROE % is 34.59%, which is 40% above median its own 10-year median of 24.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FS.COM stock overvalued right now?
FS.COM (HKSE:03355) has a current ROE % of 34.59%. The current ROE % is 34.59%, which is 40% above median its 10-year median of 24.72 and 642.3% above the Hardware industry median of 4.66. FS.COM's overall GF Score™ is 19/100 with 2 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 FS.COM (HKSE:03355), the current ROE % is 34.59% 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.
FS.COM Ltd operates as a DTC networking solution provider, principally engaged in the sales of optical communication products. It operates through its online platform, FS.com. The company's offerings include networking equipment, networking operating systems, and cloud-based network management platforms used in applications such as high-performance computing, data centers, enterprise networks, and telecommunications, supporting businesses' digital infrastructure needs. The majority of revenue is derived from the provision of its General networking solutions and High-performance networking solutions. Geographically, the company generates the maximum revenue from the United States.
19GF Score
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