Singapore ExchangeFRA:SOU +0.63%88 ROA % is 16.34% as of Dec. 2025, which is 1% above its 10-year median of 16.16. GuruFocus rates FRA:SOU with a GF Score™ of 88/100 and a GF Value™ of €8.57 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 816 Capital Markets companies, Singapore Exchange ranks better than 93.01% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Singapore Exchange's annualizedNet Income for the quarter that ended in Dec. 2025 was €453.5 Mil.
Singapore Exchange's average Total Assets over the quarter that ended in Dec. 2025 was €2,775.7 Mil. Therefore, Singapore Exchange's annualized ROA % for the quarter that ended in Dec. 2025 was 16.34%.
The historical rank and industry rank for Singapore Exchange's ROA % or its related term are showing as below:
FRA:SOU'
s ROA % Range Over the Past 10 Years
Min: 13.14 Med: 16.16 Max: 19.61
Current: 15.87
During the past 13 years, Singapore Exchange's highest ROA % was 19.61%. The lowest was 13.14%. And the median was 16.16%.
FRA:SOU's ROA % is ranked better than 93.01% of 816
companies
in the Capital Markets industry
Industry Median: 1.495
vs FRA:SOU: 15.87
Singapore Exchange (FRA:SOU) ROA % Explanation
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.
Singapore Exchange ROA % Related Terms
Singapore Exchange ROA % Historical Data
* Premium members only.
The historical data trend for Singapore Exchange's ROA % 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 Financial Data & Stock Exchanges subindustry, Singapore Exchange'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.
Singapore Exchange ROA % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Singapore Exchange's ROA % distribution charts can be found below:
* The bar in red indicates where Singapore Exchange's ROA % 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 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.
Singapore Exchange (FRA:SOU) has a ROA % of 16.34% 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 Singapore Exchange and its competitors. This is near median its historical median of 16.16. Over the past decade, Singapore Exchange's ROA % has ranged from 13.14 to 19.61. According to the industry distribution chart, Singapore Exchange ranks #57 out of 816 companies in the Capital Markets industry, placing it in the top 7%.
Is Singapore Exchange's ROA % too high?
Singapore Exchange's current ROA % of 16.34% is near median its 10-year median of 16.16. Over the past 10 years, this metric has ranged from a low of 13.14 to a high of 19.61. The Capital Markets industry median ROA % is 1.50. Singapore Exchange's value of 16.34% is 993% above this industry median. Based on the distribution chart, Singapore Exchange ranks #57 out of 816 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Singapore Exchange has a GF Score™ of 88/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Singapore Exchange's ROA % compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Singapore Exchange ranks #57 out of 816 companies for ROA %. This places Singapore Exchange in the top 7% of its industry — outperforming the majority of peers. The industry median ROA % is 1.50. Singapore Exchange's value of 16.34% is 993% above this benchmark. Historically, Singapore Exchange's own ROA % has ranged from 13.14 to 19.61 over the past decade. While the company's 10-year median is 16.16 vs. the industry median of 1.50, Singapore Exchange 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 Capital Markets company?
The median ROA % among Capital Markets companies is 1.50, based on 816 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. Singapore Exchange's current ROA % of 16.34% is 993% 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 Singapore Exchange and its competitors. For the Capital Markets industry, the median ROA % is 1.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Singapore Exchange's current ROA % is 16.34%, which is near median its own 10-year median of 16.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Singapore Exchange stock overvalued right now?
Based on GuruFocus' analysis, Singapore Exchange (FRA:SOU) is currently considered Significantly Overvalued. The stock's GF Value™ is €8.57, compared to a current price of €16.10 — trading 87.9% above its estimated fair value. The current ROA % is 16.34%, which is near median its 10-year median of 16.16 and 993% above the Capital Markets industry median of 1.50. Singapore Exchange's overall GF Score™ is 88/100 with 5 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 Singapore Exchange (FRA:SOU), the current ROA % is 16.34% 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 Singapore Exchange (FRA:SOU) Overvalued in 2026?
Based on GuruFocus' analysis, Singapore Exchange stock appears to be overvalued.
The current stock price of €16.10 is trading 87.9% above its estimated GF Value™ of €8.57.
GuruFocus considers Singapore Exchange to be Significantly Overvalued.
Key valuation signals for FRA:SOU:
ROA %: 16.34% (near median its 10-year median of 16.16)
GF Value™: €8.57 vs. price of €16.10 (87.9% above fair value)
Industry Position: 993% above the Capital Markets median (#57 of 816)
No single metric tells the full story. See the FRA:SOU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Singapore Exchange is a vertically integrated securities exchange business, offering listing-, data-, trading-, clearing- and settlement services across equities, debt and derivatives. Singapore Exchange, like Singapore itself, is remarkably outward-facing and offers some of the most liquid and widely traded equity derivative products for various regional markets, including the FTSE China A50 Index Futures.
88GF Score
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