KeppelKPELF -2.32%69 Return-on-Tangible-Equity is 8.56% as of Dec. 2025, which is 4% above its 10-year median of 8.25. GuruFocus rates KPELF with a GF Score™ of 69/100 and a GF Value™ of $4.70 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 546 Conglomerates companies, Keppel ranks better than 53.85% 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's annualized net income for the quarter that ended in Dec. 2025 was $646 Mil. Keppel's average shareholder tangible equity for the quarter that ended in Dec. 2025 was $7,543 Mil. Therefore, Keppel's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 8.56%.
The historical rank and industry rank for Keppel's Return-on-Tangible-Equity or its related term are showing as below:
KPELF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -5.43 Med: 8.25 Max: 42.5
Current: 8.26
During the past 13 years, Keppel's highest Return-on-Tangible-Equity was 42.50%. The lowest was -5.43%. And the median was 8.25%.
KPELF's Return-on-Tangible-Equity is ranked better than 53.85% of 546
companies
in the Conglomerates industry
Industry Median: 7.41
vs KPELF: 8.26
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 Return-on-Tangible-Equity Related Terms
Keppel Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Keppel'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.
KPELF vs HON, MMM: Return-on-Tangible-Equity Comparison
For the Conglomerates subindustry, Keppel'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 Return-on-Tangible-Equity vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Keppel's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Keppel'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 8.56% mean?
Keppel (KPELF) has a Return-on-Tangible-Equity of 8.56% 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 and its competitors. This is near median its historical median of 8.25. According to the industry distribution chart, Keppel ranks #252 out of 546 companies in the Conglomerates industry, placing it in the top 46.2%.
Is Keppel's Return-on-Tangible-Equity too high?
Keppel's current Return-on-Tangible-Equity of 8.56% is near median its 10-year median of 8.25. The Conglomerates industry median Return-on-Tangible-Equity is 7.41. Keppel's value of 8.56% is 15.5% above this industry median. Based on the distribution chart, Keppel ranks #252 out of 546 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Keppel has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Keppel's Return-on-Tangible-Equity compare to HON and MMM?
According to the Conglomerates industry distribution chart, Keppel ranks #252 out of 546 companies for Return-on-Tangible-Equity. This puts Keppel in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.41. Keppel's value of 8.56% is 15.5% above this benchmark. While the company's 10-year median is 8.25 vs. the industry median of 7.41, Keppel 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 7.41, based on 546 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's current Return-on-Tangible-Equity of 8.56% is 15.5% 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 and its competitors. For the Conglomerates industry, the median Return-on-Tangible-Equity is 7.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Keppel's current Return-on-Tangible-Equity is 8.56%, which is near median its own 10-year median of 8.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Keppel stock overvalued right now?
Based on GuruFocus' analysis, Keppel (KPELF) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.70, compared to a current price of $8.21 — trading 74.6% above its estimated fair value. The current Return-on-Tangible-Equity is 8.56%, which is near median its 10-year median of 8.25 and 15.5% above the Conglomerates industry median of 7.41. Keppel's overall GF Score™ is 69/100 with 6 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 (KPELF), the current Return-on-Tangible-Equity is 8.56% 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 (KPELF) Overvalued in 2026?
Based on GuruFocus' analysis, Keppel stock appears to be overvalued.
The current stock price of $8.21 is trading 74.6% above its estimated GF Value™ of $4.70.
GuruFocus considers Keppel to be Significantly Overvalued.
Key valuation signals for KPELF:
Return-on-Tangible-Equity: 8.56% (near median its 10-year median of 8.25)
GF Value™: $4.70 vs. price of $8.21 (74.6% above fair value)
Industry Position: 15.5% above the Conglomerates median (#252 of 546)
No single metric tells the full story. See the KPELF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Singapore-based Keppel is an alternative asset manager and operator with SGD 95 billion of funds under management as of the end of December 2025. The group's key segments are infrastructure, real estate, and connectivity (including telecommunication services and operation of data centers). Most of its earnings are derived from its infrastructure segment, where it invests and operates in a portfolio of infrastructure assets. The group also has a fund management platform comprising listed and unlisted investment trusts that generates recurring fee income.
69GF Score
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