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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. SingAsia Holdings's annualized net income for the quarter that ended in Jan. 2026 was HK$3.00 Mil. SingAsia Holdings's average shareholder tangible equity for the quarter that ended in Jan. 2026 was HK$11.85 Mil. Therefore, SingAsia Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Jan. 2026 was 25.29%.
The historical rank and industry rank for SingAsia Holdings's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:08293'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -97.67 Med: -38.5 Max: 16.32
Current: 11.37
During the past 12 years, SingAsia Holdings's highest Return-on-Tangible-Equity was 16.32%. The lowest was -97.67%. And the median was -38.50%.
HKSE:08293's Return-on-Tangible-Equity is ranked better than 51.94% of 1007
companies
in the Business Services industry
Industry Median: 10.81
vs HKSE:08293: 11.37
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.
SingAsia Holdings Return-on-Tangible-Equity Related Terms
SingAsia Holdings Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for SingAsia 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.
HKSE:08293 vs KFY, RHI, TNET: Return-on-Tangible-Equity Comparison
For the Staffing & Employment Services subindustry, SingAsia 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.
SingAsia Holdings Return-on-Tangible-Equity vs Business Services Industry
For the Business Services industry and Industrials sector, SingAsia Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where SingAsia 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 two times the semi-annual (Jan. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 25.29% mean?
SingAsia Holdings (HKSE:08293) has a Return-on-Tangible-Equity of 25.29% as of Jan. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on SingAsia Holdings and its competitors. According to the industry distribution chart, SingAsia Holdings ranks #484 out of 1007 companies in the Business Services industry, placing it in the top 48.1%.
Is SingAsia Holdings' Return-on-Tangible-Equity too high?
SingAsia Holdings' current Return-on-Tangible-Equity is 25.29%. The Business Services industry median Return-on-Tangible-Equity is 10.81. SingAsia Holdings' value of 25.29% is 134% above this industry median. Based on the distribution chart, SingAsia Holdings ranks #484 out of 1007 companies in the Business Services industry, which is above the industry midpoint. Overall, SingAsia Holdings has a GF Score™ of 35/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SingAsia Holdings' Return-on-Tangible-Equity compare to KFY and RHI?
According to the Business Services industry distribution chart, SingAsia Holdings ranks #484 out of 1007 companies for Return-on-Tangible-Equity. This puts SingAsia Holdings in the upper half of its industry. The industry median Return-on-Tangible-Equity is 10.81. SingAsia Holdings' value of 25.29% is 134% above this benchmark. 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 Business Services company?
The median Return-on-Tangible-Equity among Business Services companies is 10.81, based on 1,007 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. SingAsia Holdings's current Return-on-Tangible-Equity of 25.29% is 134% 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 SingAsia Holdings and its competitors. For the Business Services industry, the median Return-on-Tangible-Equity is 10.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SingAsia Holdings's current Return-on-Tangible-Equity is 25.29%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SingAsia Holdings stock overvalued right now?
Based on GuruFocus' analysis, SingAsia Holdings (HKSE:08293) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.03, compared to a current price of HK$0.10 — trading 240% above its estimated fair value. The current Return-on-Tangible-Equity is 25.29% and 134% above the Business Services industry median of 10.81. SingAsia Holdings' overall GF Score™ is 35/100 with 5 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 SingAsia Holdings (HKSE:08293), the current Return-on-Tangible-Equity is 25.29% as of Jan. 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 SingAsia Holdings (HKSE:08293) Overvalued in 2026?
Based on GuruFocus' analysis, SingAsia Holdings stock appears to be overvalued.
The current stock price of HK$0.10 is trading 240% above its estimated GF Value™ of HK$0.03.
GuruFocus considers SingAsia Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:08293:
Return-on-Tangible-Equity: 25.29%
GF Value™: HK$0.03 vs. price of HK$0.10 (240% above fair value)
Industry Position: 134% above the Business Services median (#484 of 1007)
No single metric tells the full story. See the HKSE:08293 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SingAsia Holdings Ltd provides specialised workforce solutions, offering manpower outsourcing and recruitment services in Singapore, and corporate development and training services in Hong Kong. The Group supports the hotel and resort, retail, food and beverage, and other sectors, including event organisers, facility management, and various industries across Singapore and Hong Kong. Revenue is generated from manpower outsourcing, recruitment, and corporate development and training services, with operations in both markets and maximum revenue from Singapore. The Group also acts as a one-stop workforce solutions provider, helping customers streamline operations through reliable staffing, HR support, and training services.
35GF 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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