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BRC AsiaSGX:BEC -0.70%95 Return-on-Tangible-Asset is 11.01% as of Mar. 2026, which is 104% above its 10-year median of 5.39. GuruFocus rates SGX:BEC with a GF Score™ of 95/100 and a GF Value™ of S$2.88 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 633 Steel companies, BRC Asia ranks better than 92.73% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. BRC Asia's annualizedNet Income for the quarter that ended in Mar. 2026 was S$104 Mil. BRC Asia's average total tangible assets for the quarter that ended in Mar. 2026 was S$945 Mil. Therefore, BRC Asia's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 11.01%.
The historical rank and industry rank for BRC Asia's Return-on-Tangible-Asset or its related term are showing as below:
SGX:BEC'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.72 Med: 5.39 Max: 11.18
Current: 11.18
During the past 13 years, BRC Asia's highest Return-on-Tangible-Asset was 11.18%. The lowest was 0.72%. And the median was 5.39%.
SGX:BEC's Return-on-Tangible-Asset is ranked better than 92.73% of 633
companies
in the Steel industry
Industry Median: 2.12
vs SGX:BEC: 11.18
BRC Asia (SGX:BEC) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
BRC Asia Return-on-Tangible-Asset Related Terms
BRC Asia Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for BRC Asia's Return-on-Tangible-Asset 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.
SGX:BEC vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, BRC Asia's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
BRC Asia Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, BRC Asia's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where BRC Asia's Return-on-Tangible-Asset 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 Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is two times the semi-annual (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 11.01% mean?
BRC Asia (SGX:BEC) has a Return-on-Tangible-Asset of 11.01% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on BRC Asia and its competitors. This is 104% above median its historical median of 5.39. Over the past decade, BRC Asia's Return-on-Tangible-Asset has ranged from 0.72 to 11.18. According to the industry distribution chart, BRC Asia ranks #46 out of 633 companies in the Steel industry, placing it in the top 7.3%.
Is BRC Asia's Return-on-Tangible-Asset too high?
BRC Asia's current Return-on-Tangible-Asset of 11.01% is 104% above median its 10-year median of 5.39. Over the past 10 years, this metric has ranged from a low of 0.72 to a high of 11.18. The Steel industry median Return-on-Tangible-Asset is 2.12. BRC Asia's value of 11.01% is 419.3% above this industry median. Based on the distribution chart, BRC Asia ranks #46 out of 633 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, BRC Asia has a GF Score™ of 95/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BRC Asia's Return-on-Tangible-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, BRC Asia ranks #46 out of 633 companies for Return-on-Tangible-Asset. This places BRC Asia in the top 7% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.12. BRC Asia's value of 11.01% is 419.3% above this benchmark. Historically, BRC Asia's own Return-on-Tangible-Asset has ranged from 0.72 to 11.18 over the past decade. While the company's 10-year median is 5.39 vs. the industry median of 2.12, BRC Asia 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 Return-on-Tangible-Asset for a Steel company?
The median Return-on-Tangible-Asset among Steel companies is 2.12, based on 633 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BRC Asia's current Return-on-Tangible-Asset of 11.01% is 419.3% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on BRC Asia and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 2.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BRC Asia's current Return-on-Tangible-Asset is 11.01%, which is 104% above median its own 10-year median of 5.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BRC Asia stock overvalued right now?
Based on GuruFocus' analysis, BRC Asia (SGX:BEC) is currently considered Significantly Overvalued. The stock's GF Value™ is S$2.88, compared to a current price of S$4.27 — trading 48.3% above its estimated fair value. The current Return-on-Tangible-Asset is 11.01%, which is 104% above median its 10-year median of 5.39 and 419.3% above the Steel industry median of 2.12. BRC Asia's overall GF Score™ is 95/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For BRC Asia (SGX:BEC), the current Return-on-Tangible-Asset is 11.01% as of Mar. 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 BRC Asia (SGX:BEC) Overvalued in 2026?
Based on GuruFocus' analysis, BRC Asia stock appears to be overvalued.
The current stock price of S$4.27 is trading 48.3% above its estimated GF Value™ of S$2.88.
GuruFocus considers BRC Asia to be Significantly Overvalued.
Key valuation signals for SGX:BEC:
Return-on-Tangible-Asset: 11.01% (104% above median its 10-year median of 5.39)
GF Value™: S$2.88 vs. price of S$4.27 (48.3% above fair value)
Industry Position: 419.3% above the Steel median (#46 of 633)
No single metric tells the full story. See the SGX:BEC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BRC Asia Ltd is principally engaged in the prefabrication of steel reinforcement for use in concrete, trading of steel reinforcing bars, and manufacturing and sale of wire mesh fences. The company's reportable segments are: (i) The fabrication and manufacturing segment is involved in the business of processing and prefabrication of steel reinforcement, including sale of standard-length rebar, for use in concrete. (ii) Trading segment is involved in trading of steel and steel related products in both domestic and international market. (iii) Others relates to leasing of properties. The majority of the company's revenue is derived from the Fabrication and manufacturing segment. Geographically, it derives the maximum revenue from Singapore.
95GF Score
Get the complete analysis for SGX:BEC
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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