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Reclaims GlobalSGX:NEX -2.33%64 Return-on-Tangible-Equity is 21.01% as of Jan. 2026, which is 46% above its 10-year median of 14.38. GuruFocus rates SGX:NEX with a GF Score™ of 64/100 and a GF Value™ of S$0.14 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 226 Waste Management companies, Reclaims Global ranks better than 69.03% 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. Reclaims Global's annualized net income for the quarter that ended in Jan. 2026 was S$8.74 Mil. Reclaims Global's average shareholder tangible equity for the quarter that ended in Jan. 2026 was S$41.58 Mil. Therefore, Reclaims Global's annualized Return-on-Tangible-Equity for the quarter that ended in Jan. 2026 was 21.01%.
The historical rank and industry rank for Reclaims Global's Return-on-Tangible-Equity or its related term are showing as below:
SGX:NEX'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.62 Med: 14.38 Max: 22.23
Current: 17.99
During the past 11 years, Reclaims Global's highest Return-on-Tangible-Equity was 22.23%. The lowest was 1.62%. And the median was 14.38%.
SGX:NEX's Return-on-Tangible-Equity is ranked better than 69.03% of 226
companies
in the Waste Management industry
Industry Median: 9.73
vs SGX:NEX: 17.99
Reclaims Global (SGX:NEX) 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.
Reclaims Global Return-on-Tangible-Equity Related Terms
Reclaims Global Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Reclaims Global'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:NEX vs WM, RSG, WCN: Return-on-Tangible-Equity Comparison
For the Waste Management subindustry, Reclaims Global'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.
Reclaims Global Return-on-Tangible-Equity vs Waste Management Industry
For the Waste Management industry and Industrials sector, Reclaims Global's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Reclaims Global'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 (Jan. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 21.01% mean?
Reclaims Global (SGX:NEX) has a Return-on-Tangible-Equity of 21.01% as of Jan. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Reclaims Global and its competitors. This is 46% above median its historical median of 14.38. Over the past decade, Reclaims Global's Return-on-Tangible-Equity has ranged from 1.62 to 22.23. According to the industry distribution chart, Reclaims Global ranks #70 out of 226 companies in the Waste Management industry, placing it in the top 31%.
Is Reclaims Global's Return-on-Tangible-Equity too high?
Reclaims Global's current Return-on-Tangible-Equity of 21.01% is 46% above median its 10-year median of 14.38. Over the past 10 years, this metric has ranged from a low of 1.62 to a high of 22.23. The Waste Management industry median Return-on-Tangible-Equity is 9.73. Reclaims Global's value of 21.01% is 115.9% above this industry median. Based on the distribution chart, Reclaims Global ranks #70 out of 226 companies in the Waste Management industry, which is above the industry midpoint. Overall, Reclaims Global has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Reclaims Global's Return-on-Tangible-Equity compare to WM and RSG?
According to the Waste Management industry distribution chart, Reclaims Global ranks #70 out of 226 companies for Return-on-Tangible-Equity. This puts Reclaims Global in the upper half of its industry. The industry median Return-on-Tangible-Equity is 9.73. Reclaims Global's value of 21.01% is 115.9% above this benchmark. Historically, Reclaims Global's own Return-on-Tangible-Equity has ranged from 1.62 to 22.23 over the past decade. While the company's 10-year median is 14.38 vs. the industry median of 9.73, Reclaims Global 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 Waste Management company?
The median Return-on-Tangible-Equity among Waste Management companies is 9.73, based on 226 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. Reclaims Global's current Return-on-Tangible-Equity of 21.01% is 115.9% 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 Reclaims Global and its competitors. For the Waste Management industry, the median Return-on-Tangible-Equity is 9.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Reclaims Global's current Return-on-Tangible-Equity is 21.01%, which is 46% above median its own 10-year median of 14.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Reclaims Global stock overvalued right now?
Based on GuruFocus' analysis, Reclaims Global (SGX:NEX) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.14, compared to a current price of S$0.21 — trading 50% above its estimated fair value. The current Return-on-Tangible-Equity is 21.01%, which is 46% above median its 10-year median of 14.38 and 115.9% above the Waste Management industry median of 9.73. Reclaims Global's overall GF Score™ is 64/100 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 Reclaims Global (SGX:NEX), the current Return-on-Tangible-Equity is 21.01% as of Jan. 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 Reclaims Global (SGX:NEX) Overvalued in 2026?
Based on GuruFocus' analysis, Reclaims Global stock appears to be overvalued.
The current stock price of S$0.21 is trading 50% above its estimated GF Value™ of S$0.14.
GuruFocus considers Reclaims Global to be Significantly Overvalued.
Key valuation signals for SGX:NEX:
Return-on-Tangible-Equity: 21.01% (46% above median its 10-year median of 14.38)
GF Value™: S$0.14 vs. price of S$0.21 (50% above fair value)
Industry Position: 115.9% above the Waste Management median (#70 of 226)
No single metric tells the full story. See the SGX:NEX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Reclaims Global Ltd is an integrated service provider in the construction industry. The group specializes in the recycling of construction & demolition waste, customisation of excavation solutions, & operating fleet management. Its operating business segments are: Recycling, Excavation services, & Logistics & leasing. The Excavation services segment performs land clearing, excavation, & removal of construction & demolition waste, consisting of demolition works, site clearance, reshaping, backfilling, compacting, & turfing. The recycling segment focuses on the reclaiming of natural & urban construction & demolition waste & is for sale as building materials to customers. The logistics & leasing segment provides transportation services and leasing of machinery & equipment.
64GF Score
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