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Old Chang KeeSGX:5ML -0.84%44 Return-on-Tangible-Equity is 14.50% as of Mar. 2026, which is 8% below its 10-year median of 15.82. GuruFocus rates SGX:5ML with a GF Score™ of 44/100 and a GF Value™ of S$0.80 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 330 Restaurants companies, Old Chang Kee ranks better than 63.03% 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. Old Chang Kee's annualized net income for the quarter that ended in Mar. 2026 was S$9.1 Mil. Old Chang Kee's average shareholder tangible equity for the quarter that ended in Mar. 2026 was S$62.5 Mil. Therefore, Old Chang Kee's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 14.50%.
The historical rank and industry rank for Old Chang Kee's Return-on-Tangible-Equity or its related term are showing as below:
SGX:5ML'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.12 Med: 15.82 Max: 29.23
Current: 15.74
During the past 13 years, Old Chang Kee's highest Return-on-Tangible-Equity was 29.23%. The lowest was 3.12%. And the median was 15.82%.
SGX:5ML's Return-on-Tangible-Equity is ranked better than 63.03% of 330
companies
in the Restaurants industry
Industry Median: 8.715
vs SGX:5ML: 15.74
Old Chang Kee (SGX:5ML) 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.
Old Chang Kee Return-on-Tangible-Equity Related Terms
Old Chang Kee Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Old Chang Kee'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:5ML vs MCD, SBUX, YUM: Return-on-Tangible-Equity Comparison
For the Restaurants subindustry, Old Chang Kee'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.
Old Chang Kee Return-on-Tangible-Equity vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Old Chang Kee's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Old Chang Kee'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 (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 14.50% mean?
Old Chang Kee (SGX:5ML) has a Return-on-Tangible-Equity of 14.50% 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 Old Chang Kee and its competitors. This is near median its historical median of 15.82. Over the past decade, Old Chang Kee's Return-on-Tangible-Equity has ranged from 3.12 to 29.23. According to the industry distribution chart, Old Chang Kee ranks #122 out of 330 companies in the Restaurants industry, placing it in the top 37%.
Is Old Chang Kee's Return-on-Tangible-Equity too high?
Old Chang Kee's current Return-on-Tangible-Equity of 14.50% is near median its 10-year median of 15.82. Over the past 10 years, this metric has ranged from a low of 3.12 to a high of 29.23. The Restaurants industry median Return-on-Tangible-Equity is 8.72. Old Chang Kee's value of 14.50% is 66.4% above this industry median. Based on the distribution chart, Old Chang Kee ranks #122 out of 330 companies in the Restaurants industry, which is above the industry midpoint. Overall, Old Chang Kee has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Old Chang Kee's Return-on-Tangible-Equity compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Old Chang Kee ranks #122 out of 330 companies for Return-on-Tangible-Equity. This puts Old Chang Kee in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.72. Old Chang Kee's value of 14.50% is 66.4% above this benchmark. Historically, Old Chang Kee's own Return-on-Tangible-Equity has ranged from 3.12 to 29.23 over the past decade. While the company's 10-year median is 15.82 vs. the industry median of 8.72, Old Chang Kee 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 Restaurants company?
The median Return-on-Tangible-Equity among Restaurants companies is 8.72, based on 330 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. Old Chang Kee's current Return-on-Tangible-Equity of 14.50% is 66.4% 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 Old Chang Kee and its competitors. For the Restaurants industry, the median Return-on-Tangible-Equity is 8.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Old Chang Kee's current Return-on-Tangible-Equity is 14.50%, which is near median its own 10-year median of 15.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Old Chang Kee stock overvalued right now?
Based on GuruFocus' analysis, Old Chang Kee (SGX:5ML) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.80, compared to a current price of S$1.18 — trading 47.5% above its estimated fair value. The current Return-on-Tangible-Equity is 14.50%, which is near median its 10-year median of 15.82 and 66.4% above the Restaurants industry median of 8.72. Old Chang Kee's overall GF Score™ is 44/100 with 5 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 Old Chang Kee (SGX:5ML), the current Return-on-Tangible-Equity is 14.50% 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.
Is Old Chang Kee (SGX:5ML) Overvalued in 2026?
Based on GuruFocus' analysis, Old Chang Kee stock appears to be overvalued.
The current stock price of S$1.18 is trading 47.5% above its estimated GF Value™ of S$0.80.
GuruFocus considers Old Chang Kee to be Significantly Overvalued.
Key valuation signals for SGX:5ML:
Return-on-Tangible-Equity: 14.50% (near median its 10-year median of 15.82)
GF Value™: S$0.80 vs. price of S$1.18 (47.5% above fair value)
Industry Position: 66.4% above the Restaurants median (#122 of 330)
No single metric tells the full story. See the SGX:5ML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Old Chang Kee Ltd is engaged in the manufacturing and distribution of food products. The company's products include curry puffs, fishballs, chicken nuggets, and chicken wings. It also provides catering services in Singapore. The company's geographical segments include Singapore, Australia, and Malaysia, and a majority of its revenue is derived from Singapore. The company is engaged in the manufacture and sale of food products under brands such as Old Chang Kee, the Curry Times, and Dip n Go.
44GF Score
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