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.
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. Hock Lian Seng Holdings's annualizedNet Income for the quarter that ended in Jun. 2026 was S$-107.4 Mil. Hock Lian Seng Holdings's average total tangible assets for the quarter that ended in Jun. 2026 was S$381.5 Mil. Therefore, Hock Lian Seng Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was -28.16%.
The historical rank and industry rank for Hock Lian Seng Holdings's Return-on-Tangible-Asset or its related term are showing as below:
SGX:J2T'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -12.09 Med: 4.88 Max: 10.1
Current: -12.09
During the past 13 years, Hock Lian Seng Holdings's highest Return-on-Tangible-Asset was 10.10%. The lowest was -12.09%. And the median was 4.88%.
SGX:J2T's Return-on-Tangible-Asset is ranked worse than 92.3% of 1792
companies
in the Construction industry
Industry Median: 3.08
vs SGX:J2T: -12.09
Hock Lian Seng Holdings (SGX:J2T) 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.
Hock Lian Seng Holdings Return-on-Tangible-Asset Related Terms
Hock Lian Seng Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Hock Lian Seng Holdings'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.
Hock Lian Seng Holdings Return-on-Tangible-Asset Chart
SGX:J2T vs PWR, FIX, EME: Return-on-Tangible-Asset Comparison
For the Engineering & Construction subindustry, Hock Lian Seng Holdings'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.
Hock Lian Seng Holdings Return-on-Tangible-Asset vs Construction Industry
For the Construction industry and Industrials sector, Hock Lian Seng Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Hock Lian Seng Holdings'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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of -28.16% mean?
Hock Lian Seng Holdings (SGX:J2T) has a Return-on-Tangible-Asset of -28.16% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Hock Lian Seng Holdings and its competitors. According to the industry distribution chart, Hock Lian Seng Holdings ranks #1654 out of 1792 companies in the Construction industry, placing it in the top 92.3%.
Is Hock Lian Seng Holdings' Return-on-Tangible-Asset too high?
Hock Lian Seng Holdings' current Return-on-Tangible-Asset is -28.16%. Based on the distribution chart, Hock Lian Seng Holdings ranks #1654 out of 1792 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Hock Lian Seng Holdings has a GF Score™ of 51/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hock Lian Seng Holdings' Return-on-Tangible-Asset compare to PWR and FIX?
According to the Construction industry distribution chart, Hock Lian Seng Holdings ranks #1654 out of 1792 companies for Return-on-Tangible-Asset. This places Hock Lian Seng Holdings in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.08. 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 Construction company?
The median Return-on-Tangible-Asset among Construction companies is 3.08, based on 1,792 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. 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 Hock Lian Seng Holdings and its competitors. For the Construction industry, the median Return-on-Tangible-Asset is 3.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hock Lian Seng Holdings's current Return-on-Tangible-Asset is -28.16%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hock Lian Seng Holdings stock overvalued right now?
Based on GuruFocus' analysis, Hock Lian Seng Holdings (SGX:J2T) is currently considered Fairly Valued. The stock's GF Value™ is S$0.24, compared to a current price of S$0.27 — trading 10.4% above its estimated fair value. The current Return-on-Tangible-Asset is -28.16%. Hock Lian Seng Holdings' overall GF Score™ is 51/100 with 6 warning signs 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 Hock Lian Seng Holdings (SGX:J2T), the current Return-on-Tangible-Asset is -28.16% as of Jun. 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 Hock Lian Seng Holdings (SGX:J2T) Overvalued in 2026?
Based on GuruFocus' analysis, Hock Lian Seng Holdings stock appears to be overvalued.
The current stock price of S$0.27 is trading 10.4% above its estimated GF Value™ of S$0.24.
GuruFocus considers Hock Lian Seng Holdings to be Fairly Valued.
Key valuation signals for SGX:J2T:
Return-on-Tangible-Asset: -28.16%
GF Value™: S$0.24 vs. price of S$0.27 (10.4% above fair value)
No single metric tells the full story. See the SGX:J2T stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hock Lian Seng Holdings Ltd is a civil engineering group undertaking projects for both the public and private sectors in Singapore. The Group carries out civil engineering works for bridges, expressways, tunnels, Mass Rapid Transit, port facilities, water and sewage facilities, and other infrastructure works. Its key customers include government and government-related bodies of Singapore, such as the Land Transport Authority, Housing Development Board, Port of Singapore Authority, etc. Additionally, the Group is involved in property development and property investment businesses with various industrial and residential projects in its portfolio. Its reportable operating segments are: Civil engineering, which generates the maximum revenue, Properties development, and Properties investment.
51GF Score
Get the complete analysis for SGX:J2T
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SGX:J2T has been successfully added to your 
