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Times Neighborhood HoldingsHKSE:09928 64 WACC % is 10.95% as of Aug. 24, 2026, which is 6% above its 10-year median of 10.35. GuruFocus rates HKSE:09928 with a GF Score™ of 64/100 and a GF Value™ of HK$0.58 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,846 Real Estate companies, Times Neighborhood Holdings ranks worse than 84.34% on this metric.
As of today (2026-08-24), Times Neighborhood Holdings's weighted average cost of capital is 10.95%%. Times Neighborhood Holdings's ROIC % is 27.62% (calculated using TTM income statement data).
Times Neighborhood Holdings 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.
Times Neighborhood Holdings (HKSE:09928) WACC % Explanation
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, Times Neighborhood Holdings's weighted average cost of capital is 10.95%%. Times Neighborhood Holdings's ROIC % is 27.62% (calculated using TTM income statement data).
Times Neighborhood Holdings 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
Times Neighborhood Holdings WACC % 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.
For the Real Estate Services subindustry, Times Neighborhood Holdings'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.
Times Neighborhood Holdings WACC % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Times Neighborhood Holdings's WACC % distribution charts can be found below:
* The bar in red indicates where Times Neighborhood Holdings'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, Times Neighborhood Holdings's market capitalization (E) is HK$481.338 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 Dec. 2025, Times Neighborhood Holdings's latest one-year semi-annual average Book Value of Debt (D) is HK$21.0217 Mil.
a) weight of equity = E / (E + D) = 481.338 / (481.338 + 21.0217) = 0.9582
b) weight of debt = D / (E + D) = 21.0217 / (481.338 + 21.0217) = 0.0418
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 4.7%. 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. Times Neighborhood Holdings's beta is 1.1030.
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 = 4.7% + 1.1030 * 6% = 11.318%
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 Dec. 2025, Times Neighborhood Holdings's interest expense (positive number) was HK$0.603 Mil. Its total Book Value of Debt (D) is HK$21.0217 Mil.
Cost of Debt = 0.603 / 21.0217 = 2.8685%.
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 = 4.243 / 26.527 = 16%.
* 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.
Times Neighborhood Holdings (HKSE:09928) has a WACC % of 10.95% as of Aug. 24, 2026. The weighted average cost of capital (WACC) is the average rate a company pays to finance assets. View historical data on Times Neighborhood Holdings and its competitors. This is near median its historical median of 10.35. Over the past decade, Times Neighborhood Holdings' WACC % has ranged from 7.00 to 21.46. According to the industry distribution chart, Times Neighborhood Holdings ranks #1557 out of 1846 companies in the Real Estate industry, placing it in the top 84.3%.
Is Times Neighborhood Holdings' WACC % too high?
Times Neighborhood Holdings' current WACC % of 10.95% is near median its 10-year median of 10.35. Over the past 10 years, this metric has ranged from a low of 7.00 to a high of 21.46. The Real Estate industry median WACC % is 6.40. Times Neighborhood Holdings' value of 10.95% is 71.2% above this industry median. Based on the distribution chart, Times Neighborhood Holdings ranks #1557 out of 1846 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Times Neighborhood Holdings has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Times Neighborhood Holdings' WACC % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Times Neighborhood Holdings ranks #1557 out of 1846 companies for WACC %. This places Times Neighborhood Holdings in the lower half of its industry. The industry median WACC % is 6.40. Times Neighborhood Holdings' value of 10.95% is 71.2% above this benchmark. Historically, Times Neighborhood Holdings' own WACC % has ranged from 7.00 to 21.46 over the past decade. While the company's 10-year median is 10.35 vs. the industry median of 6.40, Times Neighborhood 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 WACC % for a Real Estate company?
The median WACC % among Real Estate companies is 6.40, based on 1,846 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. Times Neighborhood Holdings's current WACC % of 10.95% is 71.2% 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 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 Times Neighborhood Holdings and its competitors. For the Real Estate industry, the median WACC % is 6.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Times Neighborhood Holdings's current WACC % is 10.95%, which is near median its own 10-year median of 10.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Times Neighborhood Holdings stock overvalued right now?
Based on GuruFocus' analysis, Times Neighborhood Holdings (HKSE:09928) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.58, compared to a current price of HK$0.49 — trading 15.5% below its estimated fair value. The current WACC % is 10.95%, which is near median its 10-year median of 10.35 and 71.2% above the Real Estate industry median of 6.40. Times Neighborhood Holdings' overall GF Score™ is 64/100 with 4 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 Times Neighborhood Holdings (HKSE:09928), the current WACC % is 10.95% as of Aug. 24, 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 Times Neighborhood Holdings (HKSE:09928) Overvalued in 2026?
Based on GuruFocus' analysis, Times Neighborhood Holdings stock appears to be undervalued.
The current stock price of HK$0.49 is trading 15.5% below its estimated GF Value™ of HK$0.58.
GuruFocus considers Times Neighborhood Holdings to be Modestly Undervalued.
Key valuation signals for HKSE:09928:
WACC %: 10.95% (near median its 10-year median of 10.35)
GF Value™: HK$0.58 vs. price of HK$0.49 (15.5% below fair value)
Industry Position: 71.2% above the Real Estate median (#1557 of 1846)
No single metric tells the full story. See the HKSE:09928 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Times Neighborhood Holdings Ltd is a growing urban comprehensive service operator in China, providing high-quality community services, urban services for diversified property types such as residences, industrial and logistics real estate, public buildings and other urban spaces. Its main business includes property management services, community value-added services and other professional services, comprehensively covering the entire property management value chain. It manages a diversified portfolio of properties, and in addition to focusing on the three businesses of residential, industrial parks and public buildings, it also manages commercial properties, office buildings, urban space and other businesses. Geographically, it derives revenue from Mainland China.
64GF Score
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