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NippecraftSGX:N32 Return-on-Tangible-Equity is 11.91% as of Dec. 2025, which is 9825% above its 10-year median of 0.12. The stock has 2 warning signs investors should review. Among 279 Forest Products companies, Nippecraft ranks better than 50.54% 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. Nippecraft's annualized net income for the quarter that ended in Dec. 2025 was S$5.0 Mil. Nippecraft's average shareholder tangible equity for the quarter that ended in Dec. 2025 was S$41.9 Mil. Therefore, Nippecraft's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 11.91%.
The historical rank and industry rank for Nippecraft's Return-on-Tangible-Equity or its related term are showing as below:
SGX:N32'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -7.13 Med: 0.12 Max: 4.3
Current: 2.41
During the past 13 years, Nippecraft's highest Return-on-Tangible-Equity was 4.30%. The lowest was -7.13%. And the median was 0.12%.
SGX:N32's Return-on-Tangible-Equity is ranked better than 50.54% of 279
companies
in the Forest Products industry
Industry Median: 2.21
vs SGX:N32: 2.41
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.
Nippecraft Return-on-Tangible-Equity Related Terms
Nippecraft Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Nippecraft'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.
For the Paper & Paper Products subindustry, Nippecraft'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.
Nippecraft Return-on-Tangible-Equity vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Nippecraft's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Nippecraft'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 11.91% mean?
Nippecraft (SGX:N32) has a Return-on-Tangible-Equity of 11.91% 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 Nippecraft and its competitors. This is 9825% above median its historical median of 0.12. According to the industry distribution chart, Nippecraft ranks #138 out of 279 companies in the Forest Products industry, placing it in the top 49.5%.
Is Nippecraft's Return-on-Tangible-Equity too high?
Nippecraft's current Return-on-Tangible-Equity of 11.91% is 9825% above median its 10-year median of 0.12. The Forest Products industry median Return-on-Tangible-Equity is 2.21. Nippecraft's value of 11.91% is 438.9% above this industry median. Based on the distribution chart, Nippecraft ranks #138 out of 279 companies in the Forest Products industry, which is above the industry midpoint.
How does Nippecraft's Return-on-Tangible-Equity compare to competitors?
According to the Forest Products industry distribution chart, Nippecraft ranks #138 out of 279 companies for Return-on-Tangible-Equity. This puts Nippecraft in the upper half of its industry. The industry median Return-on-Tangible-Equity is 2.21. Nippecraft's value of 11.91% is 438.9% above this benchmark. While the company's 10-year median is 0.12 vs. the industry median of 2.21, Nippecraft 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 Forest Products company?
The median Return-on-Tangible-Equity among Forest Products companies is 2.21, based on 279 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. Nippecraft's current Return-on-Tangible-Equity of 11.91% is 438.9% 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 Nippecraft and its competitors. For the Forest Products industry, the median Return-on-Tangible-Equity is 2.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippecraft's current Return-on-Tangible-Equity is 11.91%, which is 9825% above median its own 10-year median of 0.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippecraft stock overvalued right now?
Based on GuruFocus' analysis, Nippecraft (SGX:N32) is currently considered Modestly Undervalued. The stock's GF Value™ is S$0.04, compared to a current price of S$0.04 — trading 10% below its estimated fair value. The current Return-on-Tangible-Equity is 11.91%, which is 9825% above median its 10-year median of 0.12 and 438.9% above the Forest Products industry median of 2.21. 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 Nippecraft (SGX:N32), the current Return-on-Tangible-Equity is 11.91% 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.
Nippecraft Ltd is a Singapore-based company providing diaries, notebooks, organizers, and other stationery products for the office, home, or school environment. The company's main brands are Collins and Debden. The group has two segments, namely, the Stationery business and the Trading business. The Stationery business includes activities such as design, development, sales, and marketing of planners and diaries, business accessories, and related stationery products. The Trading business includes trading and strategic sourcing of recycled waste, chemicals, papers, paper bags, and pulp. It generates the majority of its revenue from the Trading segment.
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