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Keppel REITFRA:H27 -0.65%46 Return-on-Tangible-Equity is 13.93% as of Dec. 2025, which is 298% above its 10-year median of 3.50. GuruFocus rates FRA:H27 with a GF Score™ of 46/100 and a GF Value™ of €0.69 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 928 REITs companies, Keppel REIT ranks better than 65.73% 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. Keppel REIT's annualized net income for the quarter that ended in Dec. 2025 was €494.6 Mil. Keppel REIT's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €3,550.0 Mil. Therefore, Keppel REIT's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 13.93%.
The historical rank and industry rank for Keppel REIT's Return-on-Tangible-Equity or its related term are showing as below:
FRA:H27'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -0.12 Med: 3.5 Max: 8.62
Current: 8.62
During the past 13 years, Keppel REIT's highest Return-on-Tangible-Equity was 8.62%. The lowest was -0.12%. And the median was 3.50%.
FRA:H27's Return-on-Tangible-Equity is ranked better than 65.73% of 928
companies
in the REITs industry
Industry Median: 6.265
vs FRA:H27: 8.62
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.
Keppel REIT Return-on-Tangible-Equity Related Terms
Keppel REIT Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Keppel REIT'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:H27 vs BXP, ARE, VNO: Return-on-Tangible-Equity Comparison
For the REIT - Office subindustry, Keppel REIT'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.
Keppel REIT Return-on-Tangible-Equity vs REITs Industry
For the REITs industry and Real Estate sector, Keppel REIT's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Keppel REIT'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 13.93% mean?
Keppel REIT (FRA:H27) has a Return-on-Tangible-Equity of 13.93% 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 Keppel REIT and its competitors. This is 298% above median its historical median of 3.50. According to the industry distribution chart, Keppel REIT ranks #318 out of 928 companies in the REITs industry, placing it in the top 34.3%.
Is Keppel REIT's Return-on-Tangible-Equity too high?
Keppel REIT's current Return-on-Tangible-Equity of 13.93% is 298% above median its 10-year median of 3.50. The REITs industry median Return-on-Tangible-Equity is 6.27. Keppel REIT's value of 13.93% is 122.3% above this industry median. Based on the distribution chart, Keppel REIT ranks #318 out of 928 companies in the REITs industry, which is above the industry midpoint. Overall, Keppel REIT has a GF Score™ of 46/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Keppel REIT's Return-on-Tangible-Equity compare to BXP and ARE?
According to the REITs industry distribution chart, Keppel REIT ranks #318 out of 928 companies for Return-on-Tangible-Equity. This puts Keppel REIT in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.27. Keppel REIT's value of 13.93% is 122.3% above this benchmark. While the company's 10-year median is 3.50 vs. the industry median of 6.27, Keppel REIT 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 REITs company?
The median Return-on-Tangible-Equity among REITs companies is 6.27, based on 928 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. Keppel REIT's current Return-on-Tangible-Equity of 13.93% is 122.3% 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 Keppel REIT and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Keppel REIT's current Return-on-Tangible-Equity is 13.93%, which is 298% above median its own 10-year median of 3.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Keppel REIT stock overvalued right now?
Based on GuruFocus' analysis, Keppel REIT (FRA:H27) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.69, compared to a current price of €0.58 — trading 15.6% below its estimated fair value. The current Return-on-Tangible-Equity is 13.93%, which is 298% above median its 10-year median of 3.50 and 122.3% above the REITs industry median of 6.27. Keppel REIT's overall GF Score™ is 46/100 with 8 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 Keppel REIT (FRA:H27), the current Return-on-Tangible-Equity is 13.93% 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 Keppel REIT (FRA:H27) Overvalued in 2026?
Based on GuruFocus' analysis, Keppel REIT stock appears to be undervalued.
The current stock price of €0.58 is trading 15.6% below its estimated GF Value™ of €0.69.
GuruFocus considers Keppel REIT to be Modestly Undervalued.
Key valuation signals for FRA:H27:
Return-on-Tangible-Equity: 13.93% (298% above median its 10-year median of 3.50)
GF Value™: €0.69 vs. price of €0.58 (15.6% below fair value)
Industry Position: 122.3% above the REITs median (#318 of 928)
No single metric tells the full story. See the FRA:H27 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Keppel REIT is a commercial real estate investment trust with a SGD 11.7 billion portfolio of assets (as of Dec. 31, 2025) across Singapore, Australia, South Korea, and Japan. The majority of its assets are in Singapore, where it owns a 100% stake in Keppel Bay Tower, a 79.9% stake in Ocean Financial Centre, 66.7% stake in Marina Bay Financial Centre 3 and a 33.33% stake in Marina Bay Financial Centre 1 and 2 and One Raffles Quay. The trust is externally managed by Keppel REIT Management, a subsidiary of Keppel Capital. Parent Keppel Ltd. currently retains an approximate 38% stake in Keppel REIT.
46GF Score
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Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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