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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.
True Partner Capital HoldingHKSE:08657 39 3-Year ROIIC % is 0.83 as of Dec. 2025, which is 99% below its 10-year median of 106.29. GuruFocus rates HKSE:08657 with a GF Score™ of 39/100 and a GF Value™ of HK$0.15 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 655 Asset Management companies, True Partner Capital Holding ranks worse than 53.59% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
True Partner Capital Holding's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 0.83%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
True Partner Capital Holding (HKSE:08657) 3-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
True Partner Capital Holding 3-Year ROIIC % Related Terms
True Partner Capital Holding 3-Year ROIIC % 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.
HKSE:08657 vs BLK, BX, KKR: 3-Year ROIIC % Comparison
For the Asset Management subindustry, True Partner Capital Holding's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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.
True Partner Capital Holding 3-Year ROIIC % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, True Partner Capital Holding's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where True Partner Capital Holding's 3-Year ROIIC % falls into.
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( -33.56 (Dec. 2025) - -33.191675 (Dec. 2022) )
/
( 5.729 (Dec. 2025) - 49.973 (Dec. 2022) )
=
-0.36832500000001
/
-44.244
=
0.83%***
* 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
True Partner Capital Holding (HKSE:08657) has a 3-Year ROIIC % of 0.83 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on True Partner Capital Holding and its competitors. This is 99% below median its historical median of 106.29. According to the industry distribution chart, True Partner Capital Holding ranks #351 out of 655 companies in the Asset Management industry, placing it in the top 53.6%.
Is True Partner Capital Holding's 3-Year ROIIC % too high?
True Partner Capital Holding's current 3-Year ROIIC % of 0.83 is 99% below median its 10-year median of 106.29. The Asset Management industry median 3-Year ROIIC % is 1.89. True Partner Capital Holding's value of 0.83 is 56.1% below this industry median. Based on the distribution chart, True Partner Capital Holding ranks #351 out of 655 companies in the Asset Management industry, which is below the industry midpoint. Overall, True Partner Capital Holding has a GF Score™ of 39/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does True Partner Capital Holding's 3-Year ROIIC % compare to BLK and BX?
According to the Asset Management industry distribution chart, True Partner Capital Holding ranks #351 out of 655 companies for 3-Year ROIIC %. This places True Partner Capital Holding in the lower half of its industry. The industry median 3-Year ROIIC % is 1.89. True Partner Capital Holding's value of 0.83 is 56.1% below this benchmark. While the company's 10-year median is 106.29 vs. the industry median of 1.89, True Partner Capital Holding has consistently been below 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 3-Year ROIIC % for an Asset Management company?
The median 3-Year ROIIC % among Asset Management companies is 1.89, based on 655 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. True Partner Capital Holding's current 3-Year ROIIC % of 0.83 is 56.1% below 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on True Partner Capital Holding and its competitors. For the Asset Management industry, the median 3-Year ROIIC % is 1.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. True Partner Capital Holding's current 3-Year ROIIC % is 0.83, which is 99% below median its own 10-year median of 106.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is True Partner Capital Holding stock overvalued right now?
Based on GuruFocus' analysis, True Partner Capital Holding (HKSE:08657) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.15, compared to a current price of HK$0.30 — trading 100% above its estimated fair value. The current 3-Year ROIIC % is 0.83, which is 99% below median its 10-year median of 106.29 and 56.1% below the Asset Management industry median of 1.89. True Partner Capital Holding's overall GF Score™ is 39/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For True Partner Capital Holding (HKSE:08657), the current 3-Year ROIIC % is 0.83 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 True Partner Capital Holding (HKSE:08657) Overvalued in 2026?
Based on GuruFocus' analysis, True Partner Capital Holding stock appears to be overvalued.
The current stock price of HK$0.30 is trading 100% above its estimated GF Value™ of HK$0.15.
GuruFocus considers True Partner Capital Holding to be Significantly Overvalued.
Key valuation signals for HKSE:08657:
3-Year ROIIC %: 0.83 (99% below median its 10-year median of 106.29)
GF Value™: HK$0.15 vs. price of HK$0.30 (100% above fair value)
Industry Position: 56.1% below the Asset Management median (#351 of 655)
No single metric tells the full story. See the HKSE:08657 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
True Partner Capital Holding Ltd is an investment holding company. Through its subsidiaries, it is principally engaged in the fund management business, derivative trading, and providing consultancy services. The Group trades in listed derivatives across different financial markets to generate uncorrelated returns for its clients and investors, with an emphasis on outperformance in times of market turmoil, and also provides specifically engineered solutions for qualified investors seeking to optimize the risk-reward profile of their portfolios. Its operating segments are: Asset management and consultancy services, which generate maximum revenue, and Derivative trading. Geographically, the Group generates maximum revenue from Hong Kong and the rest from Chicago.
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