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Bonvests HoldingsSGX:B28 +0.51%73 Return-on-Tangible-Equity is 4.39% as of Dec. 2025, which is 205% above its 10-year median of 1.44. GuruFocus rates SGX:B28 with a GF Score™ of 73/100 and a GF Value™ of S$1.02 (Fairly Valued). The stock has 3 warning signs investors should review. Among 797 Travel & Leisure companies, Bonvests Holdings ranks worse than 66.12% 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. Bonvests Holdings's annualized net income for the quarter that ended in Dec. 2025 was S$36.0 Mil. Bonvests Holdings's average shareholder tangible equity for the quarter that ended in Dec. 2025 was S$821.2 Mil. Therefore, Bonvests Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 4.39%.
The historical rank and industry rank for Bonvests Holdings's Return-on-Tangible-Equity or its related term are showing as below:
SGX:B28'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -4.88 Med: 1.44 Max: 6.28
Current: 2.35
During the past 13 years, Bonvests Holdings's highest Return-on-Tangible-Equity was 6.28%. The lowest was -4.88%. And the median was 1.44%.
SGX:B28's Return-on-Tangible-Equity is ranked worse than 66.12% of 797
companies
in the Travel & Leisure industry
Industry Median: 7.69
vs SGX:B28: 2.35
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.
Bonvests Holdings Return-on-Tangible-Equity Related Terms
Bonvests Holdings Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Bonvests Holdings'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:B28 vs MAR, HLT, H: Return-on-Tangible-Equity Comparison
For the Lodging subindustry, Bonvests Holdings'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.
Bonvests Holdings Return-on-Tangible-Equity vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Bonvests Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Bonvests Holdings'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 4.39% mean?
Bonvests Holdings (SGX:B28) has a Return-on-Tangible-Equity of 4.39% 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 Bonvests Holdings and its competitors. This is 205% above median its historical median of 1.44. According to the industry distribution chart, Bonvests Holdings ranks #527 out of 797 companies in the Travel & Leisure industry, placing it in the top 66.1%.
Is Bonvests Holdings' Return-on-Tangible-Equity too high?
Bonvests Holdings' current Return-on-Tangible-Equity of 4.39% is 205% above median its 10-year median of 1.44. The Travel & Leisure industry median Return-on-Tangible-Equity is 7.69. Bonvests Holdings' value of 4.39% is 42.9% below this industry median. Based on the distribution chart, Bonvests Holdings ranks #527 out of 797 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Bonvests Holdings has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bonvests Holdings' Return-on-Tangible-Equity compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, Bonvests Holdings ranks #527 out of 797 companies for Return-on-Tangible-Equity. This places Bonvests Holdings in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.69. Bonvests Holdings' value of 4.39% is 42.9% below this benchmark. While the company's 10-year median is 1.44 vs. the industry median of 7.69, Bonvests Holdings has consistently been below 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 Travel & Leisure company?
The median Return-on-Tangible-Equity among Travel & Leisure companies is 7.69, based on 797 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. Bonvests Holdings's current Return-on-Tangible-Equity of 4.39% is 42.9% below 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 Bonvests Holdings and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Equity is 7.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bonvests Holdings's current Return-on-Tangible-Equity is 4.39%, which is 205% above median its own 10-year median of 1.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bonvests Holdings stock overvalued right now?
Based on GuruFocus' analysis, Bonvests Holdings (SGX:B28) is currently considered Fairly Valued. The stock's GF Value™ is S$1.02, compared to a current price of S$0.98 — trading 3.9% below its estimated fair value. The current Return-on-Tangible-Equity is 4.39%, which is 205% above median its 10-year median of 1.44 and 42.9% below the Travel & Leisure industry median of 7.69. Bonvests Holdings' overall GF Score™ is 73/100 with 3 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 Bonvests Holdings (SGX:B28), the current Return-on-Tangible-Equity is 4.39% 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 Bonvests Holdings (SGX:B28) Overvalued in 2026?
Based on GuruFocus' analysis, Bonvests Holdings stock appears to be undervalued.
The current stock price of S$0.98 is trading 3.9% below its estimated GF Value™ of S$1.02.
GuruFocus considers Bonvests Holdings to be Fairly Valued.
Key valuation signals for SGX:B28:
Return-on-Tangible-Equity: 4.39% (205% above median its 10-year median of 1.44)
GF Value™: S$1.02 vs. price of S$0.98 (3.9% below fair value)
Industry Position: 42.9% below the Travel & Leisure median (#527 of 797)
No single metric tells the full story. See the SGX:B28 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bonvests Holdings Ltd is an investment holding company. Along with its subsidiaries, the company is involved in various business activities, which include owning and letting properties, development and operation of hotels and a golf course, collection and disposal of waste and contract cleaning, securities trading and investment holding, and provision of management services. The company's reportable operating segments are Rental, Hotel, Industrial, Investment, Development, and Others. A majority of its revenue is derived from the Hotel segment, which includes the development and operation of hotels and a golf course. Geographically, it generates maximum revenue from Singapore, followed by Africa, Maldives, Australia, and other regions.
73GF Score
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