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ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Winox Holdings's annualized net income for the quarter that ended in Dec. 2025 was HK$-95.3 Mil. Winox Holdings's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was HK$941.5 Mil. Therefore, Winox Holdings's annualized ROE % for the quarter that ended in Dec. 2025 was -10.12%.
The historical rank and industry rank for Winox Holdings's ROE % or its related term are showing as below:
HKSE:06838'
s ROE % Range Over the Past 10 Years
Min: -6.58 Med: 10.55 Max: 22.74
Current: -6.53
During the past 13 years, Winox Holdings's highest ROE % was 22.74%. The lowest was -6.58%. And the median was 10.55%.
HKSE:06838's ROE % is ranked worse than 82.56% of 1095
companies
in the Retail - Cyclical industry
Industry Median: 6.81
vs HKSE:06838: -6.53
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.
Winox Holdings ROE % Related Terms
Winox Holdings ROE % Historical Data
* Premium members only.
The historical data trend for Winox 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 Luxury Goods subindustry, Winox 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.
Winox Holdings ROE % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Winox Holdings's ROE % distribution charts can be found below:
* The bar in red indicates where Winox 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 (Dec. 2025) net income data.
ROE % is displayed in the 30-year financial page.
Winox Holdings (HKSE:06838) has a ROE % of -10.12% 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 Winox Holdings and its competitors. According to the industry distribution chart, Winox Holdings ranks #904 out of 1095 companies in the Retail - Cyclical industry, placing it in the top 82.6%.
Is Winox Holdings' ROE % too high?
Winox Holdings' current ROE % is -10.12%. Based on the distribution chart, Winox Holdings ranks #904 out of 1095 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Winox Holdings has a GF Score™ of 43/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Winox Holdings' ROE % compare to TPR?
According to the Retail - Cyclical industry distribution chart, Winox Holdings ranks #904 out of 1095 companies for ROE %. This places Winox Holdings in the lower half of its industry. The industry median ROE % is 6.81. 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 Retail - Cyclical company?
The median ROE % among Retail - Cyclical companies is 6.81, based on 1,095 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 Winox Holdings and its competitors. For the Retail - Cyclical industry, the median ROE % is 6.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Winox Holdings's current ROE % is -10.12%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Winox Holdings stock overvalued right now?
Based on GuruFocus' analysis, Winox Holdings (HKSE:06838) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.32, compared to a current price of HK$0.25 — trading 21.9% below its estimated fair value. The current ROE % is -10.12%. Winox Holdings' overall GF Score™ is 43/100 with 4 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 Winox Holdings (HKSE:06838), the current ROE % is -10.12% 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 Winox Holdings (HKSE:06838) Overvalued in 2026?
Based on GuruFocus' analysis, Winox Holdings stock appears to be undervalued.
The current stock price of HK$0.25 is trading 21.9% below its estimated GF Value™ of HK$0.32.
GuruFocus considers Winox Holdings to be Modestly Undervalued.
Key valuation signals for HKSE:06838:
ROE %: -10.12%
GF Value™: HK$0.32 vs. price of HK$0.25 (21.9% below fair value)
No single metric tells the full story. See the HKSE:06838 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Winox Holdings Ltd is an investment holding company. The principal focus remains on the development and manufacture of premium stainless steel products, and its business segments are, namely, watch bracelets, mobile phone cases and parts, smart wearable cases and parts, and fashion accessories. Its geographical segments include PRC, Taiwan, Switzerland, Hong Kong, Liechtenstein and other European countries, and Other countries. The majority of the revenue for the company comes from the PRC. Product-wise, the company generates the majority of its revenue from Mobile phone cases and parts.
43GF Score
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