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The Hour GlassSGX:AGS -1.09%89 ROA % is 14.90% as of Mar. 2026, which is 31% above its 10-year median of 11.40. GuruFocus rates SGX:AGS with a GF Score™ of 89/100 and a GF Value™ of S$2.07 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,137 Retail - Cyclical companies, The Hour Glass ranks better than 89.8% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. The Hour Glass's annualizedNet Income for the quarter that ended in Mar. 2026 was S$207 Mil.
The Hour Glass's average Total Assets over the quarter that ended in Mar. 2026 was S$1,392 Mil. Therefore, The Hour Glass's annualized ROA % for the quarter that ended in Mar. 2026 was 14.90%.
The historical rank and industry rank for The Hour Glass's ROA % or its related term are showing as below:
SGX:AGS'
s ROA % Range Over the Past 10 Years
Min: 8.13 Med: 11.4 Max: 16.04
Current: 13.58
During the past 13 years, The Hour Glass's highest ROA % was 16.04%. The lowest was 8.13%. And the median was 11.40%.
SGX:AGS's ROA % is ranked better than 89.8% of 1137
companies
in the Retail - Cyclical industry
Industry Median: 2.81
vs SGX:AGS: 13.58
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 (Mar. 2026) net income data. The Revenue data used here is two times the semi-annual (Mar. 2026) 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.
The Hour Glass ROA % Related Terms
The Hour Glass ROA % Historical Data
* Premium members only.
The historical data trend for The Hour Glass'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 Luxury Goods subindustry, The Hour Glass'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.
The Hour Glass ROA % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, The Hour Glass's ROA % distribution charts can be found below:
* The bar in red indicates where The Hour Glass'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 (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
The Hour Glass (SGX:AGS) has a ROA % of 14.90% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on The Hour Glass and its competitors. This is 31% above median its historical median of 11.40. Over the past decade, The Hour Glass' ROA % has ranged from 8.13 to 16.04. According to the industry distribution chart, The Hour Glass ranks #116 out of 1137 companies in the Retail - Cyclical industry, placing it in the top 10.2%.
Is The Hour Glass' ROA % too high?
The Hour Glass' current ROA % of 14.90% is 31% above median its 10-year median of 11.40. Over the past 10 years, this metric has ranged from a low of 8.13 to a high of 16.04. The Retail - Cyclical industry median ROA % is 2.81. The Hour Glass' value of 14.90% is 430.2% above this industry median. Based on the distribution chart, The Hour Glass ranks #116 out of 1137 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, The Hour Glass has a GF Score™ of 89/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does The Hour Glass' ROA % compare to TPR?
According to the Retail - Cyclical industry distribution chart, The Hour Glass ranks #116 out of 1137 companies for ROA %. This places The Hour Glass in the top 10% of its industry — outperforming the majority of peers. The industry median ROA % is 2.81. The Hour Glass' value of 14.90% is 430.2% above this benchmark. Historically, The Hour Glass' own ROA % has ranged from 8.13 to 16.04 over the past decade. While the company's 10-year median is 11.40 vs. the industry median of 2.81, The Hour Glass 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 Retail - Cyclical company?
The median ROA % among Retail - Cyclical companies is 2.81, based on 1,137 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. The Hour Glass's current ROA % of 14.90% is 430.2% 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 The Hour Glass and its competitors. For the Retail - Cyclical industry, the median ROA % is 2.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Hour Glass's current ROA % is 14.90%, which is 31% above median its own 10-year median of 11.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Hour Glass stock overvalued right now?
Based on GuruFocus' analysis, The Hour Glass (SGX:AGS) is currently considered Significantly Overvalued. The stock's GF Value™ is S$2.07, compared to a current price of S$2.73 — trading 31.9% above its estimated fair value. The current ROA % is 14.90%, which is 31% above median its 10-year median of 11.40 and 430.2% above the Retail - Cyclical industry median of 2.81. The Hour Glass' overall GF Score™ is 89/100 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 The Hour Glass (SGX:AGS), the current ROA % is 14.90% as of Mar. 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 The Hour Glass (SGX:AGS) Overvalued in 2026?
Based on GuruFocus' analysis, The Hour Glass stock appears to be overvalued.
The current stock price of S$2.73 is trading 31.9% above its estimated GF Value™ of S$2.07.
GuruFocus considers The Hour Glass to be Significantly Overvalued.
Key valuation signals for SGX:AGS:
ROA %: 14.90% (31% above median its 10-year median of 11.40)
GF Value™: S$2.07 vs. price of S$2.73 (31.9% above fair value)
Industry Position: 430.2% above the Retail - Cyclical median (#116 of 1137)
No single metric tells the full story. See the SGX:AGS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Hour Glass Ltd is a Singapore-based investment holding company. Along with its subsidiaries, the company is engaged in retailing and distribution of watches, jewellery, and other luxury products, investment in properties, and investment holding. It retails watches, jewellery, and other luxury products of brands such as Rolex, Patek Philippe, Akrivia, Daniel Roth, Hublot, Biver, Omega, Bvlgari, Cartier, and others through boutique stores across Singapore, Malaysia, Thailand, Vietnam, Hong Kong, Japan, Australia, and New Zealand. Geographically, the group generates maximum revenue from Southeast Asia and Oceania, followed by Northeast Asia.
89GF Score
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