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.
Hong Leong FinanceSGX:S41 71 Return-on-Tangible-Asset is 0.47% as of Jun. 2026, which is 30% below its 10-year median of 0.67. GuruFocus rates SGX:S41 with a GF Score™ of 71/100 and a GF Value™ of S$2.35 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,519 Banks companies, Hong Leong Finance ranks worse than 81.37% 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. Hong Leong Finance's annualizedNet Income for the quarter that ended in Jun. 2026 was S$70.1 Mil. Hong Leong Finance's average total tangible assets for the quarter that ended in Jun. 2026 was S$15,030.3 Mil. Therefore, Hong Leong Finance's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 0.47%.
The historical rank and industry rank for Hong Leong Finance's Return-on-Tangible-Asset or its related term are showing as below:
SGX:S41'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.41 Med: 0.67 Max: 0.96
Current: 0.44
During the past 13 years, Hong Leong Finance's highest Return-on-Tangible-Asset was 0.96%. The lowest was 0.41%. And the median was 0.67%.
SGX:S41's Return-on-Tangible-Asset is ranked worse than 81.37% of 1519
companies
in the Banks industry
Industry Median: 1.02
vs SGX:S41: 0.44
Hong Leong Finance (SGX:S41) 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.
Hong Leong Finance Return-on-Tangible-Asset Related Terms
Hong Leong Finance Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Hong Leong Finance'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:S41 vs USB, PNC: Return-on-Tangible-Asset Comparison
For the Banks - Regional subindustry, Hong Leong Finance'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.
Hong Leong Finance Return-on-Tangible-Asset vs Banks Industry
For the Banks industry and Financial Services sector, Hong Leong Finance's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Hong Leong Finance'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 0.47% mean?
Hong Leong Finance (SGX:S41) has a Return-on-Tangible-Asset of 0.47% 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 Hong Leong Finance and its competitors. This is 30% below median its historical median of 0.67. Over the past decade, Hong Leong Finance's Return-on-Tangible-Asset has ranged from 0.41 to 0.96. According to the industry distribution chart, Hong Leong Finance ranks #1236 out of 1519 companies in the Banks industry, placing it in the top 81.4%.
Is Hong Leong Finance's Return-on-Tangible-Asset too high?
Hong Leong Finance's current Return-on-Tangible-Asset of 0.47% is 30% below median its 10-year median of 0.67. Over the past 10 years, this metric has ranged from a low of 0.41 to a high of 0.96. The Banks industry median Return-on-Tangible-Asset is 1.02. Hong Leong Finance's value of 0.47% is 53.9% below this industry median. Based on the distribution chart, Hong Leong Finance ranks #1236 out of 1519 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Hong Leong Finance has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hong Leong Finance's Return-on-Tangible-Asset compare to USB and PNC?
According to the Banks industry distribution chart, Hong Leong Finance ranks #1236 out of 1519 companies for Return-on-Tangible-Asset. This places Hong Leong Finance in the lower half of its industry. The industry median Return-on-Tangible-Asset is 1.02. Hong Leong Finance's value of 0.47% is 53.9% below this benchmark. Historically, Hong Leong Finance's own Return-on-Tangible-Asset has ranged from 0.41 to 0.96 over the past decade. While the company's 10-year median is 0.67 vs. the industry median of 1.02, Hong Leong Finance 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 Return-on-Tangible-Asset for a Banks company?
The median Return-on-Tangible-Asset among Banks companies is 1.02, based on 1,519 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. Hong Leong Finance's current Return-on-Tangible-Asset of 0.47% is 53.9% 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 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 Hong Leong Finance and its competitors. For the Banks industry, the median Return-on-Tangible-Asset is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hong Leong Finance's current Return-on-Tangible-Asset is 0.47%, which is 30% below median its own 10-year median of 0.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hong Leong Finance stock overvalued right now?
Based on GuruFocus' analysis, Hong Leong Finance (SGX:S41) is currently considered Fairly Valued. The stock's GF Value™ is S$2.35, compared to a current price of S$2.47 — trading 5.1% above its estimated fair value. The current Return-on-Tangible-Asset is 0.47%, which is 30% below median its 10-year median of 0.67 and 53.9% below the Banks industry median of 1.02. Hong Leong Finance's overall GF Score™ is 71/100 with 3 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 Hong Leong Finance (SGX:S41), the current Return-on-Tangible-Asset is 0.47% 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 Hong Leong Finance (SGX:S41) Overvalued in 2026?
Based on GuruFocus' analysis, Hong Leong Finance stock appears to be overvalued.
The current stock price of S$2.47 is trading 5.1% above its estimated GF Value™ of S$2.35.
GuruFocus considers Hong Leong Finance to be Fairly Valued.
Key valuation signals for SGX:S41:
Return-on-Tangible-Asset: 0.47% (30% below median its 10-year median of 0.67)
GF Value™: S$2.35 vs. price of S$2.47 (5.1% above fair value)
Industry Position: 53.9% below the Banks median (#1236 of 1519)
No single metric tells the full story. See the SGX:S41 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hong Leong Finance Ltd is a financial institution. The activities of the company are related to financing business and the provision of corporate advisory services. The principal activities of the subsidiaries are the provision of nominee services. It operates exclusively in Singapore. The company's service offerings include SME loans, Personal loans, Deposites and savings, and corporate finance.
71GF Score
Get the complete analysis for SGX:S41
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:S41 has been successfully added to your 
