Jardine Cycle & CarriageFRA:CYC +0.55%77 Return-on-Tangible-Equity is 18.44% as of Dec. 2025, which is 26% above its 10-year median of 14.65. GuruFocus rates FRA:CYC with a GF Score™ of 77/100 and a GF Value™ of €17.67 (Fairly Valued). The stock has 3 warning signs investors should review. Among 550 Conglomerates companies, Jardine Cycle & Carriage ranks better than 74.18% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Jardine Cycle & Carriage's annualized net income for the quarter that ended in Dec. 2025 was €1,070 Mil. Jardine Cycle & Carriage's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €5,806 Mil. Therefore, Jardine Cycle & Carriage's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 18.44%.
The historical rank and industry rank for Jardine Cycle & Carriage's Return-on-Tangible-Equity or its related term are showing as below:
FRA:CYC'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 8.55 Med: 14.65 Max: 20.35
Current: 14.7
During the past 13 years, Jardine Cycle & Carriage's highest Return-on-Tangible-Equity was 20.35%. The lowest was 8.55%. And the median was 14.65%.
FRA:CYC's Return-on-Tangible-Equity is ranked better than 74.18% of 550
companies
in the Conglomerates industry
Industry Median: 7.44
vs FRA:CYC: 14.70
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Jardine Cycle & Carriage Return-on-Tangible-Equity Related Terms
Jardine Cycle & Carriage Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Jardine Cycle & Carriage's Return-on-Tangible-Equity 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.
FRA:CYC vs HON, MMM: Return-on-Tangible-Equity Comparison
For the Conglomerates subindustry, Jardine Cycle & Carriage's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
Jardine Cycle & Carriage Return-on-Tangible-Equity vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Jardine Cycle & Carriage's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Jardine Cycle & Carriage's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is two times the semi-annual (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 18.44% mean?
Jardine Cycle & Carriage (FRA:CYC) has a Return-on-Tangible-Equity of 18.44% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Jardine Cycle & Carriage and its competitors. This is 26% above median its historical median of 14.65. Over the past decade, Jardine Cycle & Carriage's Return-on-Tangible-Equity has ranged from 8.55 to 20.35. According to the industry distribution chart, Jardine Cycle & Carriage ranks #142 out of 550 companies in the Conglomerates industry, placing it in the top 25.8%.
Is Jardine Cycle & Carriage's Return-on-Tangible-Equity too high?
Jardine Cycle & Carriage's current Return-on-Tangible-Equity of 18.44% is 26% above median its 10-year median of 14.65. Over the past 10 years, this metric has ranged from a low of 8.55 to a high of 20.35. The Conglomerates industry median Return-on-Tangible-Equity is 7.44. Jardine Cycle & Carriage's value of 18.44% is 147.8% above this industry median. Based on the distribution chart, Jardine Cycle & Carriage ranks #142 out of 550 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Jardine Cycle & Carriage has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Jardine Cycle & Carriage's Return-on-Tangible-Equity compare to HON and MMM?
According to the Conglomerates industry distribution chart, Jardine Cycle & Carriage ranks #142 out of 550 companies for Return-on-Tangible-Equity. This puts Jardine Cycle & Carriage in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.44. Jardine Cycle & Carriage's value of 18.44% is 147.8% above this benchmark. Historically, Jardine Cycle & Carriage's own Return-on-Tangible-Equity has ranged from 8.55 to 20.35 over the past decade. While the company's 10-year median is 14.65 vs. the industry median of 7.44, Jardine Cycle & Carriage 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-Equity for a Conglomerates company?
The median Return-on-Tangible-Equity among Conglomerates companies is 7.44, based on 550 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Jardine Cycle & Carriage's current Return-on-Tangible-Equity of 18.44% is 147.8% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Jardine Cycle & Carriage and its competitors. For the Conglomerates industry, the median Return-on-Tangible-Equity is 7.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jardine Cycle & Carriage's current Return-on-Tangible-Equity is 18.44%, which is 26% above median its own 10-year median of 14.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jardine Cycle & Carriage stock overvalued right now?
Based on GuruFocus' analysis, Jardine Cycle & Carriage (FRA:CYC) is currently considered Fairly Valued. The stock's GF Value™ is €17.67, compared to a current price of €18.40 — trading 4.1% above its estimated fair value. The current Return-on-Tangible-Equity is 18.44%, which is 26% above median its 10-year median of 14.65 and 147.8% above the Conglomerates industry median of 7.44. Jardine Cycle & Carriage's overall GF Score™ is 77/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Jardine Cycle & Carriage (FRA:CYC), the current Return-on-Tangible-Equity is 18.44% as of Dec. 2025. 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 Jardine Cycle & Carriage (FRA:CYC) Overvalued in 2026?
Based on GuruFocus' analysis, Jardine Cycle & Carriage stock appears to be overvalued.
The current stock price of €18.40 is trading 4.1% above its estimated GF Value™ of €17.67.
GuruFocus considers Jardine Cycle & Carriage to be Fairly Valued.
Key valuation signals for FRA:CYC:
Return-on-Tangible-Equity: 18.44% (26% above median its 10-year median of 14.65)
GF Value™: €17.67 vs. price of €18.40 (4.1% above fair value)
Industry Position: 147.8% above the Conglomerates median (#142 of 550)
No single metric tells the full story. See the FRA:CYC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jardine Cycle & Carriage Ltd is an investment holding conglomerate focused on investments in the manufacture and distribution of motor vehicles in Southeast Asia. Its segments are Astra, Thaco, Cycle & Carriage. The Astra segment includes the company's controlling interest in Astra International, an automotive group in Southeast Asia; THACO is a multi-industry group; Cycle & Carriage represents a broad range of automotive brands across its established network in Singapore and Malaysia.
77GF Score
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