The very high P/E ratio of Tenfu (Cayman) Holdings leads to valuation concerns due to the company's declining earnings. Despite underwhelming growth, investors remain hopeful for a turnaround, contributing to the steep ratio, although it incorporates risk due to potentially adverse future earnings trends.

The unchanging trends in Tenfu (Cayman) Holdings' ROCE and capital employed indicate that the company is past its growth phase. This, coupled with the low stock returns, could signal that the company might not yield significant growth moving forward.

Despite the decline in stock price, insiders' purchase at higher price levels signifies their confidence. The high percentage of insider ownership suggests good alignment between management incentives and shareholders' interests, which is a positive sign for shareholders.