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Wilson Bayly Holmes-OvconJSE:WBO -1.22%82 Return-on-Tangible-Equity is 22.66% as of Dec. 2025, which is 45% above its 10-year median of 15.61. GuruFocus rates JSE:WBO with a GF Score™ of 82/100 and a GF Value™ of R171.06 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,712 Construction companies, Wilson Bayly Holmes-Ovcon ranks better than 82.01% 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. Wilson Bayly Holmes-Ovcon's annualized net income for the quarter that ended in Dec. 2025 was R1,121 Mil. Wilson Bayly Holmes-Ovcon's average shareholder tangible equity for the quarter that ended in Dec. 2025 was R4,947 Mil. Therefore, Wilson Bayly Holmes-Ovcon's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 22.66%.
The historical rank and industry rank for Wilson Bayly Holmes-Ovcon's Return-on-Tangible-Equity or its related term are showing as below:
JSE:WBO'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -62.93 Med: 15.61 Max: 28.2
Current: 26.08
During the past 13 years, Wilson Bayly Holmes-Ovcon's highest Return-on-Tangible-Equity was 28.20%. The lowest was -62.93%. And the median was 15.61%.
JSE:WBO's Return-on-Tangible-Equity is ranked better than 82.01% of 1712
companies
in the Construction industry
Industry Median: 8.21
vs JSE:WBO: 26.08
Wilson Bayly Holmes-Ovcon (JSE:WBO) 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.
Wilson Bayly Holmes-Ovcon Return-on-Tangible-Equity Related Terms
Wilson Bayly Holmes-Ovcon Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Wilson Bayly Holmes-Ovcon'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.
Wilson Bayly Holmes-Ovcon Return-on-Tangible-Equity Chart
JSE:WBO vs PWR, FIX, EME: Return-on-Tangible-Equity Comparison
For the Engineering & Construction subindustry, Wilson Bayly Holmes-Ovcon'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.
Wilson Bayly Holmes-Ovcon Return-on-Tangible-Equity vs Construction Industry
For the Construction industry and Industrials sector, Wilson Bayly Holmes-Ovcon's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Wilson Bayly Holmes-Ovcon'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 22.66% mean?
Wilson Bayly Holmes-Ovcon (JSE:WBO) has a Return-on-Tangible-Equity of 22.66% 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 Wilson Bayly Holmes-Ovcon and its competitors. This is 45% above median its historical median of 15.61. According to the industry distribution chart, Wilson Bayly Holmes-Ovcon ranks #308 out of 1712 companies in the Construction industry, placing it in the top 18%.
Is Wilson Bayly Holmes-Ovcon's Return-on-Tangible-Equity too high?
Wilson Bayly Holmes-Ovcon's current Return-on-Tangible-Equity of 22.66% is 45% above median its 10-year median of 15.61. The Construction industry median Return-on-Tangible-Equity is 8.21. Wilson Bayly Holmes-Ovcon's value of 22.66% is 176% above this industry median. Based on the distribution chart, Wilson Bayly Holmes-Ovcon ranks #308 out of 1712 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Wilson Bayly Holmes-Ovcon has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Wilson Bayly Holmes-Ovcon's Return-on-Tangible-Equity compare to PWR and FIX?
According to the Construction industry distribution chart, Wilson Bayly Holmes-Ovcon ranks #308 out of 1712 companies for Return-on-Tangible-Equity. This places Wilson Bayly Holmes-Ovcon in the top 18% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.21. Wilson Bayly Holmes-Ovcon's value of 22.66% is 176% above this benchmark. While the company's 10-year median is 15.61 vs. the industry median of 8.21, Wilson Bayly Holmes-Ovcon 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 Construction company?
The median Return-on-Tangible-Equity among Construction companies is 8.21, based on 1,712 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. Wilson Bayly Holmes-Ovcon's current Return-on-Tangible-Equity of 22.66% is 176% 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 Wilson Bayly Holmes-Ovcon and its competitors. For the Construction industry, the median Return-on-Tangible-Equity is 8.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wilson Bayly Holmes-Ovcon's current Return-on-Tangible-Equity is 22.66%, which is 45% above median its own 10-year median of 15.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wilson Bayly Holmes-Ovcon stock overvalued right now?
Based on GuruFocus' analysis, Wilson Bayly Holmes-Ovcon (JSE:WBO) is currently considered Fairly Valued. The stock's GF Value™ is R171.06, compared to a current price of R165.85 — trading 3% below its estimated fair value. The current Return-on-Tangible-Equity is 22.66%, which is 45% above median its 10-year median of 15.61 and 176% above the Construction industry median of 8.21. Wilson Bayly Holmes-Ovcon's overall GF Score™ is 82/100 with 2 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 Wilson Bayly Holmes-Ovcon (JSE:WBO), the current Return-on-Tangible-Equity is 22.66% 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 Wilson Bayly Holmes-Ovcon (JSE:WBO) Overvalued in 2026?
Based on GuruFocus' analysis, Wilson Bayly Holmes-Ovcon stock appears to be undervalued.
The current stock price of R165.85 is trading 3% below its estimated GF Value™ of R171.06.
GuruFocus considers Wilson Bayly Holmes-Ovcon to be Fairly Valued.
Key valuation signals for JSE:WBO:
Return-on-Tangible-Equity: 22.66% (45% above median its 10-year median of 15.61)
GF Value™: R171.06 vs. price of R165.85 (3% below fair value)
Industry Position: 176% above the Construction median (#308 of 1712)
No single metric tells the full story. See the JSE:WBO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wilson Bayly Holmes-Ovcon Ltd is a South Africa-based construction company. The company's business activities encompass designing, construction, and procurement, as well as civil engineering, works for large-scale public and private projects, roads and earthworks projects, and turnkey projects. The company also provides construction materials, real estate development, and other services. Its customers predominantly come from the retail, residential, hotel and entertainment, infrastructure, mining, energy, and oil and gas sectors. Its segment include: Building and civil Engineering, Roads and earthworks, Property developments, Construction materials, and United Kingdom. It operates in South Africa, United Kingdom and Rest of Africa, of which maximum revenue is generated from South Africa.
82GF 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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