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ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
CapitaLand Integrated Commercial Trust ROA % Related Terms
CapitaLand Integrated Commercial Trust ROA % Historical Data
* 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 REIT - Retail subindustry, CapitaLand Integrated Commercial Trust's ROA %, along with its competitors' market caps and ROA % 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.
CapitaLand Integrated Commercial Trust ROA % vs REITs Industry
* 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 ROA %, the net income of the last fiscal year and the average total assets 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.
ROA % is displayed in the 30-year financial page.
CapitaLand Integrated Commercial Trust (CPAMF) has a ROA % of 4.04% as of Dec. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on CapitaLand Integrated Commercial Trust and its competitors. This is near median its historical median of 4.13. Over the past decade, CapitaLand Integrated Commercial Trust's ROA % has ranged from 2.05 to 6.31. According to the industry distribution chart, CapitaLand Integrated Commercial Trust ranks #423 out of 939 companies in the REITs industry, placing it in the top 45%.
Is CapitaLand Integrated Commercial Trust's ROA % too high?
CapitaLand Integrated Commercial Trust's current ROA % of 4.04% is near median its 10-year median of 4.13. Over the past 10 years, this metric has ranged from a low of 2.05 to a high of 6.31. The REITs industry median ROA % is 3.18. CapitaLand Integrated Commercial Trust's value of 4.04% is 27% above this industry median. Based on the distribution chart, CapitaLand Integrated Commercial Trust ranks #423 out of 939 companies in the REITs industry, which is above the industry midpoint. Overall, CapitaLand Integrated Commercial Trust has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CapitaLand Integrated Commercial Trust's ROA % compare to SPG and O?
According to the REITs industry distribution chart, CapitaLand Integrated Commercial Trust ranks #423 out of 939 companies for ROA %. This puts CapitaLand Integrated Commercial Trust in the upper half of its industry. The industry median ROA % is 3.18. CapitaLand Integrated Commercial Trust's value of 4.04% is 27% above this benchmark. Historically, CapitaLand Integrated Commercial Trust's own ROA % has ranged from 2.05 to 6.31 over the past decade. While the company's 10-year median is 4.13 vs. the industry median of 3.18, CapitaLand Integrated Commercial Trust 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 ROA % for a REITs company?
The median ROA % among REITs companies is 3.18, based on 939 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CapitaLand Integrated Commercial Trust's current ROA % of 4.04% is 27% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on CapitaLand Integrated Commercial Trust and its competitors. For the REITs industry, the median ROA % is 3.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CapitaLand Integrated Commercial Trust's current ROA % is 4.04%, which is near median its own 10-year median of 4.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CapitaLand Integrated Commercial Trust stock overvalued right now?
Based on GuruFocus' analysis, CapitaLand Integrated Commercial Trust (CPAMF) is currently considered Modestly Overvalued. The stock's GF Value™ is $1.49, compared to a current price of $1.85 — trading 24.2% above its estimated fair value. The current ROA % is 4.04%, which is near median its 10-year median of 4.13 and 27% above the REITs industry median of 3.18. CapitaLand Integrated Commercial Trust's overall GF Score™ is 69/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For CapitaLand Integrated Commercial Trust (CPAMF), the current ROA % is 4.04% 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 CapitaLand Integrated Commercial Trust (CPAMF) Overvalued in 2026?
Based on GuruFocus' analysis, CapitaLand Integrated Commercial Trust stock appears to be overvalued.
The current stock price of $1.85 is trading 24.2% above its estimated GF Value™ of $1.49.
GuruFocus considers CapitaLand Integrated Commercial Trust to be Modestly Overvalued.
Key valuation signals for CPAMF:
ROA %: 4.04% (near median its 10-year median of 4.13)
GF Value™: $1.49 vs. price of $1.85 (24.2% above fair value)
Industry Position: 27% above the REITs median (#423 of 939)
No single metric tells the full story. See the CPAMF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CapitaLand Integrated Commercial Trust Business Description
CICT was established following the merger between CapitaLand Mall Trust and CapitaLand Commercial Trust in October 2020. The trust has a diversified portfolio of 26 properties valued at SGD 27.4 billion as of Dec. 31, 2025. These include offices (mainly in the central business district), retail malls (including urban and suburban malls), and integrated development. Most of its properties are located in Singapore, with assets in Australia and Germany making up less than 10% of its portfolio. The trust is externally managed by CapitaLand Integrated Commercial Trust Management; parent CapitaLand retains a 24% stake in CICT.
69GF Score
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