DBS Group HoldingsFRA:DEV -1.69%74 Return-on-Tangible-Equity is 17.96% as of Mar. 2026, which is 30% above its 10-year median of 13.83. GuruFocus rates FRA:DEV with a GF Score™ of 74/100 and a GF Value™ of €114.75. The stock has 9 warning signs investors should review. Among 1,522 Banks companies, DBS Group Holdings ranks better than 80.81% 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. DBS Group Holdings's annualized net income for the quarter that ended in Mar. 2026 was €7,923 Mil. DBS Group Holdings's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €44,121 Mil. Therefore, DBS Group Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 17.96%.
The historical rank and industry rank for DBS Group Holdings's Return-on-Tangible-Equity or its related term are showing as below:
FRA:DEV'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 9.93 Med: 13.83 Max: 19.11
Current: 16.54
During the past 13 years, DBS Group Holdings's highest Return-on-Tangible-Equity was 19.11%. The lowest was 9.93%. And the median was 13.83%.
FRA:DEV's Return-on-Tangible-Equity is ranked better than 80.81% of 1522
companies
in the Banks industry
Industry Median: 11.205
vs FRA:DEV: 16.54
DBS Group Holdings (FRA:DEV) Return-on-Tangible-Equity Explanation
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.
DBS Group Holdings Return-on-Tangible-Equity Related Terms
DBS Group Holdings Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for DBS Group Holdings'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.
DBS Group Holdings Return-on-Tangible-Equity Chart
FRA:DEV vs PNC, USB: Return-on-Tangible-Equity Comparison
For the Banks - Regional subindustry, DBS Group Holdings'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.
DBS Group Holdings Return-on-Tangible-Equity vs Banks Industry
For the Banks industry and Financial Services sector, DBS Group Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where DBS Group Holdings'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 four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 17.96% mean?
DBS Group Holdings (FRA:DEV) has a Return-on-Tangible-Equity of 17.96% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on DBS Group Holdings and its competitors. This is 30% above median its historical median of 13.83. Over the past decade, DBS Group Holdings' Return-on-Tangible-Equity has ranged from 9.93 to 19.11. According to the industry distribution chart, DBS Group Holdings ranks #292 out of 1522 companies in the Banks industry, placing it in the top 19.2%.
Is DBS Group Holdings' Return-on-Tangible-Equity too high?
DBS Group Holdings' current Return-on-Tangible-Equity of 17.96% is 30% above median its 10-year median of 13.83. Over the past 10 years, this metric has ranged from a low of 9.93 to a high of 19.11. The Banks industry median Return-on-Tangible-Equity is 11.21. DBS Group Holdings' value of 17.96% is 60.3% above this industry median. Based on the distribution chart, DBS Group Holdings ranks #292 out of 1522 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, DBS Group Holdings has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does DBS Group Holdings' Return-on-Tangible-Equity compare to PNC and USB?
According to the Banks industry distribution chart, DBS Group Holdings ranks #292 out of 1522 companies for Return-on-Tangible-Equity. This places DBS Group Holdings in the top 19% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 11.21. DBS Group Holdings' value of 17.96% is 60.3% above this benchmark. Historically, DBS Group Holdings' own Return-on-Tangible-Equity has ranged from 9.93 to 19.11 over the past decade. While the company's 10-year median is 13.83 vs. the industry median of 11.21, DBS Group Holdings 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 Banks company?
The median Return-on-Tangible-Equity among Banks companies is 11.21, based on 1,522 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. DBS Group Holdings's current Return-on-Tangible-Equity of 17.96% is 60.3% 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-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 DBS Group Holdings and its competitors. For the Banks industry, the median Return-on-Tangible-Equity is 11.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DBS Group Holdings's current Return-on-Tangible-Equity is 17.96%, which is 30% above median its own 10-year median of 13.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DBS Group Holdings stock overvalued right now?
DBS Group Holdings (FRA:DEV) has a current Return-on-Tangible-Equity of 17.96%. The stock's GF Value™ is €114.75, compared to a current price of €175.00 — trading 52.5% above its estimated fair value. The current Return-on-Tangible-Equity is 17.96%, which is 30% above median its 10-year median of 13.83 and 60.3% above the Banks industry median of 11.21. DBS Group Holdings' overall GF Score™ is 74/100 with 9 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 DBS Group Holdings (FRA:DEV), the current Return-on-Tangible-Equity is 17.96% 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 DBS Group Holdings (FRA:DEV) Overvalued in 2026?
Based on GuruFocus' analysis, DBS Group Holdings stock appears to be overvalued.
The current stock price of €175.00 is trading 52.5% above its estimated GF Value™ of €114.75.
Key valuation signals for FRA:DEV:
Return-on-Tangible-Equity: 17.96% (30% above median its 10-year median of 13.83)
GF Value™: €114.75 vs. price of €175.00 (52.5% above fair value)
Industry Position: 60.3% above the Banks median (#292 of 1522)
No single metric tells the full story. See the FRA:DEV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DBS Group is a Singapore-based banking group offering a full range of services to consumers, small to midsize enterprises, and corporations and institutions. Its main presence is in Singapore and Greater China. The acquisition of Lakshmi Vilas Bank has strengthened DBS' operations in India, and the acquisition of Citibank's Taiwan operation should bring additional growth in Greater China. DBS' wealth management division is one of the largest in Asia, with assets under management of SGD 492 billion as of March 2026.
74GF Score
Get the complete analysis for FRA:DEV
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