Nine Dragons Paper (Holdings)NDGPY 73 ROE % is 7.78% as of Dec. 2025, which is 9% below its 10-year median of 8.54. GuruFocus rates NDGPY with a GF Score™ of 73/100 and a GF Value™ of $12.54 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 280 Forest Products companies, Nine Dragons Paper (Holdings) ranks better than 73.93% on this metric.
The historical rank and industry rank for Nine Dragons Paper (Holdings)'s ROE % or its related term are showing as below:
NDGPY'
s ROE % Range Over the Past 10 Years
Min: -5.01 Med: 8.54 Max: 24.5
Current: 6.4
During the past 13 years, Nine Dragons Paper (Holdings)'s highest ROE % was 24.50%. The lowest was -5.01%. And the median was 8.54%.
NDGPY's ROE % is ranked better than 73.93% of 280
companies
in the Forest Products industry
Industry Median: 2.07
vs NDGPY: 6.40
Nine Dragons Paper (Holdings) (OTCPK:NDGPY) 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.
Nine Dragons Paper (Holdings) ROE % Related Terms
Nine Dragons Paper (Holdings) ROE % Historical Data
* 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.
Nine Dragons Paper (Holdings) ROE % Competitor Comparison
For the Paper & Paper Products subindustry, Nine Dragons Paper (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.
Nine Dragons Paper (Holdings) ROE % vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Nine Dragons Paper (Holdings)'s ROE % distribution charts can be found below:
* The bar in red indicates where Nine Dragons Paper (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.
Nine Dragons Paper (Holdings) (NDGPY) has a ROE % of 7.78% 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 Nine Dragons Paper (Holdings) and its competitors. This is near median its historical median of 8.54. According to the industry distribution chart, Nine Dragons Paper (Holdings) ranks #73 out of 280 companies in the Forest Products industry, placing it in the top 26.1%.
Is Nine Dragons Paper (Holdings)'s ROE % too high?
Nine Dragons Paper (Holdings)'s current ROE % of 7.78% is near median its 10-year median of 8.54. The Forest Products industry median ROE % is 2.07. Nine Dragons Paper (Holdings)'s value of 7.78% is 275.8% above this industry median. Based on the distribution chart, Nine Dragons Paper (Holdings) ranks #73 out of 280 companies in the Forest Products industry, which is above the industry midpoint. Overall, Nine Dragons Paper (Holdings) has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nine Dragons Paper (Holdings)'s ROE % compare to competitors?
According to the Forest Products industry distribution chart, Nine Dragons Paper (Holdings) ranks #73 out of 280 companies for ROE %. This puts Nine Dragons Paper (Holdings) in the upper half of its industry. The industry median ROE % is 2.07. Nine Dragons Paper (Holdings)'s value of 7.78% is 275.8% above this benchmark. While the company's 10-year median is 8.54 vs. the industry median of 2.07, Nine Dragons Paper (Holdings) 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 Forest Products company?
The median ROE % among Forest Products companies is 2.07, based on 280 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. Nine Dragons Paper (Holdings)'s current ROE % of 7.78% is 275.8% 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 Nine Dragons Paper (Holdings) and its competitors. For the Forest Products industry, the median ROE % is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nine Dragons Paper (Holdings)'s current ROE % is 7.78%, which is near median its own 10-year median of 8.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nine Dragons Paper (Holdings) stock overvalued right now?
Based on GuruFocus' analysis, Nine Dragons Paper (Holdings) (NDGPY) is currently considered Significantly Overvalued. The stock's GF Value™ is $12.54, compared to a current price of $16.75 — trading 33.6% above its estimated fair value. The current ROE % is 7.78%, which is near median its 10-year median of 8.54 and 275.8% above the Forest Products industry median of 2.07. Nine Dragons Paper (Holdings)'s overall GF Score™ is 73/100 with 6 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 Nine Dragons Paper (Holdings) (NDGPY), the current ROE % is 7.78% 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 Nine Dragons Paper (Holdings) (NDGPY) Overvalued in 2026?
Based on GuruFocus' analysis, Nine Dragons Paper (Holdings) stock appears to be overvalued.
The current stock price of $16.75 is trading 33.6% above its estimated GF Value™ of $12.54.
GuruFocus considers Nine Dragons Paper (Holdings) to be Significantly Overvalued.
Key valuation signals for NDGPY:
ROE %: 7.78% (near median its 10-year median of 8.54)
GF Value™: $12.54 vs. price of $16.75 (33.6% above fair value)
Industry Position: 275.8% above the Forest Products median (#73 of 280)
No single metric tells the full story. See the NDGPY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nine Dragons Paper (Holdings) Business Description
Nine Dragons Paper (Holdings) Ltd operates as a paper products manufacturer. The company is a pulp and paper manufacturing group specializing in the integrated production of pulp and paper, with main products including various kinds of environmentally friendly packaging paper, printing and writing paper, high-end virgin paper, and products from the entire upstream and downstream production chain. Covering the full industry spectrum, it offers kraftlinerboard, testlinerboard, white top linerboard, coated linerboard, bleached folding boxboard, high-performance corrugating medium, coated duplex board, gypsum board cover paper, and more.
73GF Score
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