Sunpower Group (SGX:5GD) Return-on-Tangible-Equity: Negative Tangible Equity% (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SGX:5GD Sunpower Group Ltd SGX:5GD
54 GF Score
Price S$0.51
GF Value S$0.25
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Sunpower Group Return-on-Tangible-Equity?

Sunpower Group SGX:5GD 54 Return-on-Tangible-Equity is Negative Tangible Equity% as of Dec. 2025. GuruFocus rates SGX:5GD with a GF Score™ of 54/100 and a GF Value™ of S$0.25 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 427 Utilities - Independent Power Producers companies, Sunpower Group ranks better than 99.53% 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. Sunpower Group's annualized net income for the quarter that ended in Dec. 2025 was S$64.1 Mil. Sunpower Group's average shareholder tangible equity for the quarter that ended in Dec. 2025 was S$-441.8 Mil. Therefore, Sunpower Group's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was Negative Tangible Equity%.

The historical rank and industry rank for Sunpower Group's Return-on-Tangible-Equity or its related term are showing as below:

SGX:5GD' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 24.36   Med: 215.3   Max: 406.24
Current: Negative Tangible Equity

During the past 13 years, Sunpower Group's highest Return-on-Tangible-Equity was 406.24%. The lowest was 24.36%. And the median was 215.30%.

SGX:5GD's Return-on-Tangible-Equity is ranked better than
99.53% of 427 companies
in the Utilities - Independent Power Producers industry
Industry Median: 4.68 vs SGX:5GD: Negative Tangible Equity

Sunpower Group  (SGX:5GD) 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.


Sunpower Group Return-on-Tangible-Equity Related Terms


Sunpower Group Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Sunpower Group'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.

Sunpower Group Return-on-Tangible-Equity Chart

Sunpower Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity

Sunpower Group Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Negative Tangible Equity Negative Tangible Equity 0.00 Negative Tangible Equity Negative Tangible Equity

SGX:5GD vs CEG, VST, NRG: Return-on-Tangible-Equity Comparison

For the Utilities - Independent Power Producers subindustry, Sunpower Group'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.


Sunpower Group Return-on-Tangible-Equity vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Sunpower Group's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Sunpower Group's Return-on-Tangible-Equity falls into.


SGX:5GD
54GF Score
Sunpower Group Ltd SGX:5GD
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sunpower Group Return-on-Tangible-Equity Calculation

Sunpower Group's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=57.338/( (-528.913+-451.703 )/ 2 )
=57.338/-490.308
=Negative Tangible Equity %

Sunpower Group's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=64.094/( (-431.82+-451.703)/ 2 )
=64.094/-441.7615
=Negative Tangible Equity %

* 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 Negative Tangible Equity% mean?
Sunpower Group (SGX:5GD) has a Return-on-Tangible-Equity of Negative Tangible Equity% 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 Sunpower Group and its competitors. Over the past decade, Sunpower Group's Return-on-Tangible-Equity has ranged from 24.36 to 406.24. According to the industry distribution chart, Sunpower Group ranks #2 out of 427 companies in the Utilities - Independent Power Producers industry, placing it in the top 0.5%.
Is Sunpower Group's Return-on-Tangible-Equity too high?
Sunpower Group's current Return-on-Tangible-Equity is Negative Tangible Equity%. Over the past 10 years, this metric has ranged from a low of 24.36 to a high of 406.24. Based on the distribution chart, Sunpower Group ranks #2 out of 427 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Sunpower Group has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sunpower Group's Return-on-Tangible-Equity compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Sunpower Group ranks #2 out of 427 companies for Return-on-Tangible-Equity. This places Sunpower Group in the top 1% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 4.68. Historically, Sunpower Group's own Return-on-Tangible-Equity has ranged from 24.36 to 406.24 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 Utilities - Independent Power Producers company?
The median Return-on-Tangible-Equity among Utilities - Independent Power Producers companies is 4.68, based on 427 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 Sunpower Group and its competitors. For the Utilities - Independent Power Producers industry, the median Return-on-Tangible-Equity is 4.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sunpower Group's current Return-on-Tangible-Equity is Negative Tangible Equity%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sunpower Group stock overvalued right now?
Based on GuruFocus' analysis, Sunpower Group (SGX:5GD) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.25, compared to a current price of S$0.51 — trading 104% above its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. Sunpower Group's overall GF Score™ is 54/100 with 4 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 Sunpower Group (SGX:5GD), the current Return-on-Tangible-Equity is Negative Tangible Equity% 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 Sunpower Group (SGX:5GD) Overvalued in 2026?

Based on GuruFocus' analysis, Sunpower Group stock appears to be overvalued. The current stock price of S$0.51 is trading 104% above its estimated GF Value™ of S$0.25. GuruFocus considers Sunpower Group to be Significantly Overvalued.

Key valuation signals for SGX:5GD:

  • Return-on-Tangible-Equity: Negative Tangible Equity%
  • GF Value™: S$0.25 vs. price of S$0.51 (104% above fair value)
  • GF Score™: 54/100 with 4 warning signs

No single metric tells the full story. See the SGX:5GD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sunpower Group Business Description

Address No. 2111 Chengxin Avenue, High-tech Industrial Park, Jiangning District, Jiangsu, Nanjing, CHN, 211112
Sunpower Group Ltd is a provider of clean steam and industrial services. It operates 11 high-efficiency, centralized facilities that are strategically located across key industrial parks and economic clusters in the economically-developed regions of China such as Jiangsu, Guangdong, Shandong, and Anhui provinces, etc. GI projects supply clean industrial steam to over 500 customers across more than 20 industries that typically cater to the vast domestic market of China. In addition, certain projects such as Xinyuan Project, Xintai Project and Tongshan Project also provide pollution-free civil heating to a large base of households, covering over 6 million square meters. The company generates all of its revenue from PRC.
54GF Score

Get the complete analysis for SGX:5GD

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

S$0.51
Price
S$0.25
GF Value