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Singapore AirlinesLSE:C6L 85 Return-on-Tangible-Equity is 10.78% as of Mar. 2026, which is 69% above its 10-year median of 6.39. GuruFocus rates LSE:C6L with a GF Score™ of 85/100. The stock has 9 warning signs investors should review. Among 978 Transportation companies, Singapore Airlines ranks worse than 56.44% 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. Singapore Airlines's annualized net income for the quarter that ended in Mar. 2026 was S$1,763.60 Mil. Singapore Airlines's average shareholder tangible equity for the quarter that ended in Mar. 2026 was S$16,366.85 Mil. Therefore, Singapore Airlines's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 10.78%.
The historical rank and industry rank for Singapore Airlines's Return-on-Tangible-Equity or its related term are showing as below:
LSE:C6L'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -34.96 Med: 6.39 Max: 17.72
Current: 7.5
During the past 13 years, Singapore Airlines's highest Return-on-Tangible-Equity was 17.72%. The lowest was -34.96%. And the median was 6.39%.
LSE:C6L's Return-on-Tangible-Equity is ranked worse than 56.44% of 978
companies
in the Transportation industry
Industry Median: 8.985
vs LSE:C6L: 7.50
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.
Singapore Airlines Return-on-Tangible-Equity Related Terms
Singapore Airlines Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Singapore Airlines'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.
LSE:C6L vs DAL, UAL, LUV: Return-on-Tangible-Equity Comparison
For the Airlines subindustry, Singapore Airlines'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.
Singapore Airlines Return-on-Tangible-Equity vs Transportation Industry
For the Transportation industry and Industrials sector, Singapore Airlines's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Singapore Airlines'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 10.78% mean?
Singapore Airlines (LSE:C6L) has a Return-on-Tangible-Equity of 10.78% 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 Singapore Airlines and its competitors. This is 69% above median its historical median of 6.39. According to the industry distribution chart, Singapore Airlines ranks #552 out of 978 companies in the Transportation industry, placing it in the top 56.4%.
Is Singapore Airlines' Return-on-Tangible-Equity too high?
Singapore Airlines' current Return-on-Tangible-Equity of 10.78% is 69% above median its 10-year median of 6.39. The Transportation industry median Return-on-Tangible-Equity is 8.99. Singapore Airlines' value of 10.78% is 20% above this industry median. Based on the distribution chart, Singapore Airlines ranks #552 out of 978 companies in the Transportation industry, which is below the industry midpoint. Overall, Singapore Airlines has a GF Score™ of 85/100, reflecting its overall financial health beyond just this single metric.
How does Singapore Airlines' Return-on-Tangible-Equity compare to DAL and UAL?
According to the Transportation industry distribution chart, Singapore Airlines ranks #552 out of 978 companies for Return-on-Tangible-Equity. This places Singapore Airlines in the lower half of its industry. The industry median Return-on-Tangible-Equity is 8.99. Singapore Airlines' value of 10.78% is 20% above this benchmark. While the company's 10-year median is 6.39 vs. the industry median of 8.99, Singapore Airlines 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 Transportation company?
The median Return-on-Tangible-Equity among Transportation companies is 8.99, based on 978 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. Singapore Airlines's current Return-on-Tangible-Equity of 10.78% is 20% 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 Singapore Airlines and its competitors. For the Transportation industry, the median Return-on-Tangible-Equity is 8.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Singapore Airlines's current Return-on-Tangible-Equity is 10.78%, which is 69% above median its own 10-year median of 6.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Singapore Airlines stock overvalued right now?
Singapore Airlines (LSE:C6L) has a current Return-on-Tangible-Equity of 10.78%. The current Return-on-Tangible-Equity is 10.78%, which is 69% above median its 10-year median of 6.39 and 20% above the Transportation industry median of 8.99. Singapore Airlines' overall GF Score™ is 85/100 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 Singapore Airlines (LSE:C6L), the current Return-on-Tangible-Equity is 10.78% 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.
Singapore Airlines is Singapore's flagship carrier and one of the region's largest airlines in terms of revenue and carrying capacity. With its hub in Changi Airport, the carrier provides regional and cross-continental passenger and cargo services destined to or transiting through Singapore. The company operates under dual brands: full-service carrier SIA and low-cost regional carrier Scoot. It also owns stakes in SATS and SIA Engineering. In 2024, the merger of its associate airline Vistara with Air India resulted in Singapore Airlines owning a 25% stake in Air India.
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