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.
Apex Ace HoldingHKSE:06036 -3.83%72 WACC % is 5.55% as of Sep. 10, 2026, which is 7% above its 10-year median of 5.21. GuruFocus rates HKSE:06036 with a GF Score™ of 72/100 and a GF Value™ of HK$1.02 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 2,507 Hardware companies, Apex Ace Holding ranks better than 63.66% on this metric.
As of today (2026-09-10), Apex Ace Holding's weighted average cost of capital is 5.55%%. Apex Ace Holding's ROIC % is 18.92% (calculated using TTM income statement data).
Apex Ace Holding generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.
For a comprehensive WACC calculation, please access the WACC Calculator.
Because it costs money to raise capital. A firm that generates higher ROIC % than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, Apex Ace Holding's weighted average cost of capital is 5.55%%. Apex Ace Holding's ROIC % is 18.92% (calculated using TTM income statement data).
Apex Ace Holding generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.
Be Aware
1. GuruFocus uses book value of debt (D) to do the calculation. It is simplified by adding latest one-year semi-annual average Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation together.
For companies that report quarterly, GuruFocus combines all of the most recent year's quarterly debt data from the beginning of the year to the year-end and calculates the average.
For companies that report semi-annually, GuruFocus combines all of the most recent year's semi-annual debt data from the start of the year to the year-end and calculates the average.
For companies that report annually, GuruFocus combines the beginning and ending annual debt data from the most recent year and then calculates the average.
2. The WACC formula discussed above does not include Preferred Stock. Please adjust if preferred stock is considered.
3. (Expected Return of the Market - Risk-Free Rate of Return) is also called market premium. GuruFocus requires market premium to be 6%.
4. GuruFocus uses the latest TTM Interest Expense divided by the latest one-year semi-annual average debt to get the simplified cost of debt.
Related Terms
Apex Ace Holding WACC % Historical Data
* Premium members only.
The historical data trend for Apex Ace Holding's WACC % 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 Electronics & Computer Distribution subindustry, Apex Ace Holding's WACC %, along with its competitors' market caps and WACC % 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.
Apex Ace Holding WACC % vs Hardware Industry
For the Hardware industry and Technology sector, Apex Ace Holding's WACC % distribution charts can be found below:
* The bar in red indicates where Apex Ace Holding's WACC % falls into.
The weighted average cost of capital (WACC) is the rate that a company is expected to pay on average to all its security holders to finance its assets. The WACC is commonly referred to as the firm's cost of capital. Generally speaking, a company's assets are financed by debt and equity. WACC is the average of the costs of these sources of financing, each of which is weighted by its respective use in the given situation. By taking a weighted average, we can see how much interest the company has to pay for every dollar it finances.
WACC
=
E
/
(E + D)
*
Cost of Equity
+
D
/
(E + D)
*
Cost of Debt
*
(1 - Tax Rate)
1. Weights:
Generally speaking, a company's assets are financed by debt and equity. We need to calculate the weight of equity and the weight of debt.
The market value of equity (E) is also called "Market Cap". As of today, Apex Ace Holding's market capitalization (E) is HK$1191.026 Mil.
The market value of debt is typically difficult to calculate, therefore, GuruFocus uses book value of debt (D) to do the calculation. It is simplified by adding the latest one-year semi-annual average Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation together. As of Jun. 2026, Apex Ace Holding's latest one-year semi-annual average Book Value of Debt (D) is HK$1165.4877 Mil.
a) weight of equity = E / (E + D) = 1191.026 / (1191.026 + 1165.4877) = 0.5054
b) weight of debt = D / (E + D) = 1165.4877 / (1191.026 + 1165.4877) = 0.4946
2. Cost of Equity:
GuruFocus uses Capital Asset Pricing Model (CAPM) to calculate the required rate of return. The formula is:
Cost of Equity = Risk-Free Rate of Return + Beta of Asset * (Expected Return of the Market - Risk-Free Rate of Return)
a) GuruFocus uses 10-Year Treasury Constant Maturity Rate as the risk-free rate. It is updated daily. The current risk-free rate is 4.961%. Please go to Economic Indicators page for more information. Please note that we use the 10-Year Treasury Constant Maturity Rate of the country/region where the company is headquartered. If the data for that country/region is not available, then we will use the 10-Year Treasury Constant Maturity Rate of the United States as default.
b) Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. Apex Ace Holding's beta is 0.4039.
c) (Expected Return of the Market - Risk-Free Rate of Return) is also called market premium. GuruFocus requires market premium to be 6%.
Cost of Equity = 4.961% + 0.4039 * 6% = 7.3844%
3. Cost of Debt:
GuruFocus uses latest TTM Interest Expense divided by the latest one-year semi-annual average debt to get the simplified cost of debt.
As of Jun. 2026, Apex Ace Holding's interest expense (positive number) was HK$53.266 Mil. Its total Book Value of Debt (D) is HK$1165.4877 Mil.
Cost of Debt = 53.266 / 1165.4877 = 4.5703%.
4. Multiply by one minus TTM Tax Rate:
GuruFocus uses the most recent TTM Tax Expense divided by the most recent TTM Pre-Tax Income to calculate the tax rate. The calculated TTM tax rate is limited to between 0% and 100%. If the calculated tax rate is higher than 100%, it is set to 100%. If the calculated tax rate is less than 0%, it is set to 0%.
The latest calculated TTM Tax Rate = 56.214 / 284.941 = 19.73%.
Apex Ace Holding's Weighted Average Cost Of Capital (WACC) for Today is calculated as:
WACC
=
E / (E + D)
*
Cost of Equity
+
D / (E + D)
*
Cost of Debt
*
(1 - Tax Rate)
=
0.5054
*
7.3844%
+
0.4946
*
4.5703%
*
(1 - 19.73%)
=
5.55%
* 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.
Apex Ace Holding (HKSE:06036) has a WACC % of 5.55% as of Sep. 10, 2026. The weighted average cost of capital (WACC) is the average rate a company pays to finance assets. View historical data on Apex Ace Holding and its competitors. This is near median its historical median of 5.21. Over the past decade, Apex Ace Holding's WACC % has ranged from 2.40 to 7.33. According to the industry distribution chart, Apex Ace Holding ranks #911 out of 2507 companies in the Hardware industry, placing it in the top 36.3%.
Is Apex Ace Holding's WACC % too high?
Apex Ace Holding's current WACC % of 5.55% is near median its 10-year median of 5.21. Over the past 10 years, this metric has ranged from a low of 2.40 to a high of 7.33. The Hardware industry median WACC % is 8.41. Apex Ace Holding's value of 5.55% is 34% below this industry median. Based on the distribution chart, Apex Ace Holding ranks #911 out of 2507 companies in the Hardware industry, which is above the industry midpoint. Overall, Apex Ace Holding has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Apex Ace Holding's WACC % compare to SNX and ARW?
According to the Hardware industry distribution chart, Apex Ace Holding ranks #911 out of 2507 companies for WACC %. This puts Apex Ace Holding in the upper half of its industry. The industry median WACC % is 8.41. Apex Ace Holding's value of 5.55% is 34% below this benchmark. Historically, Apex Ace Holding's own WACC % has ranged from 2.40 to 7.33 over the past decade. While the company's 10-year median is 5.21 vs. the industry median of 8.41, Apex Ace 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 WACC % for a Hardware company?
The median WACC % among Hardware companies is 8.41, based on 2,507 companies in the industry. Companies in the top quartile (top 25%) have a WACC % significantly above this median, while those in the bottom quartile fall well below. However, WACC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Apex Ace Holding's current WACC % of 5.55% is 34% 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 WACC % mean?
A high WACC % can signal that a stock is expensive relative to its fundamentals. The weighted average cost of capital (WACC) is the average rate a company pays to finance assets. View historical data on Apex Ace Holding and its competitors. For the Hardware industry, the median WACC % is 8.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apex Ace Holding's current WACC % is 5.55%, which is near median its own 10-year median of 5.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apex Ace Holding stock overvalued right now?
Based on GuruFocus' analysis, Apex Ace Holding (HKSE:06036) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$1.02, compared to a current price of HK$1.13 — trading 10.8% above its estimated fair value. The current WACC % is 5.55%, which is near median its 10-year median of 5.21 and 34% below the Hardware industry median of 8.41. Apex Ace Holding's overall GF Score™ is 72/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is WACC % calculated?
WACC % is calculated from a company's financial statements. For Apex Ace Holding (HKSE:06036), the current WACC % is 5.55% as of Sep. 10, 2026. 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 Apex Ace Holding (HKSE:06036) Overvalued in 2026?
Based on GuruFocus' analysis, Apex Ace Holding stock appears to be overvalued.
The current stock price of HK$1.13 is trading 10.8% above its estimated GF Value™ of HK$1.02.
GuruFocus considers Apex Ace Holding to be Modestly Overvalued.
Key valuation signals for HKSE:06036:
WACC %: 5.55% (near median its 10-year median of 5.21)
GF Value™: HK$1.02 vs. price of HK$1.13 (10.8% above fair value)
Industry Position: 34% below the Hardware median (#911 of 2507)
No single metric tells the full story. See the HKSE:06036 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Apex Ace Holding Ltd is a distributor of semiconductors and other electronic components and is engaged in the supply of digital storage products and general electronic components along with the provision of complementary technical support. Its segments include: Digital Storage products include DRAM, FLASH and MCP memory products, which are applied to multimedia and mobile devices such as set-top boxes, smart TVs, wearable devices, and mobile phones; and General components include switches, connectors, passive components, main chips, sensors, power semiconductors, and analog-to-digital converters. The company generates the majority of its revenue from the Digital Storage Products segment. Geographically, the company generates the majority of its revenue from the PRC.
72GF Score
Get the complete analysis for HKSE:06036
WACC % 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:06036 has been successfully added to your 
