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ShanayaSGX:SES Return-on-Tangible-Equity is 20.69% as of Dec. 2025. The stock has 3 warning signs investors should review. Among 224 Waste Management companies, Shanaya ranks worse than 70.09% 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. Shanaya's annualized net income for the quarter that ended in Dec. 2025 was S$0.91 Mil. Shanaya's average shareholder tangible equity for the quarter that ended in Dec. 2025 was S$4.38 Mil. Therefore, Shanaya's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 20.69%.
The historical rank and industry rank for Shanaya's Return-on-Tangible-Equity or its related term are showing as below:
SGX:SES'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -32.56 Med: -24.64 Max: 0.16
Current: 0.16
During the past 13 years, Shanaya's highest Return-on-Tangible-Equity was 0.16%. The lowest was -32.56%. And the median was -24.64%.
SGX:SES's Return-on-Tangible-Equity is ranked worse than 70.09% of 224
companies
in the Waste Management industry
Industry Median: 9.995
vs SGX:SES: 0.16
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.
Shanaya Return-on-Tangible-Equity Related Terms
Shanaya Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Shanaya'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:SES vs WM, RSG, WCN: Return-on-Tangible-Equity Comparison
For the Waste Management subindustry, Shanaya'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.
Shanaya Return-on-Tangible-Equity vs Waste Management Industry
For the Waste Management industry and Industrials sector, Shanaya's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Shanaya'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 20.69% mean?
Shanaya (SGX:SES) has a Return-on-Tangible-Equity of 20.69% 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 Shanaya and its competitors. According to the industry distribution chart, Shanaya ranks #157 out of 224 companies in the Waste Management industry, placing it in the top 70.1%.
Is Shanaya's Return-on-Tangible-Equity too high?
Shanaya's current Return-on-Tangible-Equity is 20.69%. The Waste Management industry median Return-on-Tangible-Equity is 10.00. Shanaya's value of 20.69% is 107% above this industry median. Based on the distribution chart, Shanaya ranks #157 out of 224 companies in the Waste Management industry, which is below the industry midpoint.
How does Shanaya's Return-on-Tangible-Equity compare to WM and RSG?
According to the Waste Management industry distribution chart, Shanaya ranks #157 out of 224 companies for Return-on-Tangible-Equity. This places Shanaya in the lower half of its industry. The industry median Return-on-Tangible-Equity is 10.00. Shanaya's value of 20.69% is 107% above this benchmark. 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 10.00, based on 224 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. Shanaya's current Return-on-Tangible-Equity of 20.69% is 107% 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 Shanaya and its competitors. For the Waste Management industry, the median Return-on-Tangible-Equity is 10.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanaya's current Return-on-Tangible-Equity is 20.69%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanaya stock overvalued right now?
Based on GuruFocus' analysis, Shanaya (SGX:SES) is currently considered Modestly Overvalued. The stock's GF Value™ is S$0.03, compared to a current price of S$0.04 — trading 23.3% above its estimated fair value. The current Return-on-Tangible-Equity is 20.69% and 107% above the Waste Management industry median of 10.00. 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 Shanaya (SGX:SES), the current Return-on-Tangible-Equity is 20.69% 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.
Shanaya Ltd is principally engaged in the provision of waste management and disposal services to shipping (including cruise ships), industrial and commercial clients in Singapore. The Group operates through a single primary segment focused on waste management and disposal services, along with the sale of recyclable materials. Its service offerings include ship waste management, industrial and commercial waste management, food and organic waste treatment, glass, wood, tyre and construction waste management, oil sludge and oily water treatment, e-waste and biomedical waste management, toxic waste handling, explosive (pyrotechnics) disposal, biomass supply, secured destruction services, salvage sales and container deployment. The Group's revenue is mainly derived from Singapore.
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