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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. Spindex Industries's annualized net income for the quarter that ended in Jun. 2025 was S$-0.3 Mil. Spindex Industries's average shareholder tangible equity for the quarter that ended in Jun. 2025 was S$167.7 Mil. Therefore, Spindex Industries's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2025 was -0.15%.
The historical rank and industry rank for Spindex Industries's Return-on-Tangible-Equity or its related term are showing as below:
SGX:564'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4 Med: 11.71 Max: 16.11
Current: 4
During the past 13 years, Spindex Industries's highest Return-on-Tangible-Equity was 16.11%. The lowest was 4.00%. And the median was 11.71%.
SGX:564's Return-on-Tangible-Equity is not ranked
in the Industrial Products industry.
Industry Median: 6.775
vs SGX:564: 4.00
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.
Spindex Industries Return-on-Tangible-Equity Related Terms
Spindex Industries Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Spindex Industries'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.
SGX:564 vs SNA, RBC, LECO: Return-on-Tangible-Equity Comparison
For the Tools & Accessories subindustry, Spindex Industries'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.
Spindex Industries Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Spindex Industries's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Spindex Industries'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 (Jun. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of -0.15% mean?
Spindex Industries (SGX:564) has a Return-on-Tangible-Equity of -0.15% as of Jun. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Spindex Industries and its competitors. Over the past decade, Spindex Industries' Return-on-Tangible-Equity has ranged from 4.00 to 16.11.
Is Spindex Industries' Return-on-Tangible-Equity too high?
Spindex Industries' current Return-on-Tangible-Equity is -0.15%. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 16.11. Overall, Spindex Industries has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does Spindex Industries' Return-on-Tangible-Equity compare to SNA and RBC?
Spindex Industries' Return-on-Tangible-Equity of -0.15% can be compared against companies in the Industrial Products industry. The industry median Return-on-Tangible-Equity is 6.78. Historically, Spindex Industries' own Return-on-Tangible-Equity has ranged from 4.00 to 16.11 over the past decade. 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 an Industrial Products company?
The median Return-on-Tangible-Equity among Industrial Products companies is 6.78, based on 2,968 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. 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 Spindex Industries and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spindex Industries's current Return-on-Tangible-Equity is -0.15%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spindex Industries stock overvalued right now?
Spindex Industries (SGX:564) has a current Return-on-Tangible-Equity of -0.15%. The stock's GF Value™ is S$0.88, compared to a current price of S$1.42 — trading 61.4% above its estimated fair value. The current Return-on-Tangible-Equity is -0.15%. Spindex Industries' overall GF Score™ is 68/100 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 Spindex Industries (SGX:564), the current Return-on-Tangible-Equity is -0.15% as of Jun. 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 Spindex Industries (SGX:564) Overvalued in 2026?
Based on GuruFocus' analysis, Spindex Industries stock appears to be overvalued.
The current stock price of S$1.42 is trading 61.4% above its estimated GF Value™ of S$0.88.
Key valuation signals for SGX:564:
Return-on-Tangible-Equity: -0.15%
GF Value™: S$0.88 vs. price of S$1.42 (61.4% above fair value)
No single metric tells the full story. See the SGX:564 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Spindex Industries Ltd is a manufacturer, importer, exporter, and dealer of mechanical, electrical, and electronic parts. The company's operating segment includes Imaging and printing; Machinery and automotive systems; and Consumer product and others. It generates maximum revenue from the Machinery and automotive systems segment. Geographically, it derives a majority of its revenue from the USA, Europe and others and also has a presence in Singapore; ASEAN, and China.
68GF Score
Get the complete analysis for SGX:564
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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