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HG Metal ManufacturingSGX:BTG 44 ROA % is 6.90% as of Mar. 2026, which is 8525% above its 10-year median of 0.08. GuruFocus rates SGX:BTG with a GF Score™ of 44/100 and a GF Value™ of S$0.17 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 635 Steel companies, HG Metal Manufacturing ranks better than 76.54% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. HG Metal Manufacturing's annualizedNet Income for the quarter that ended in Mar. 2026 was S$12.0 Mil.
HG Metal Manufacturing's average Total Assets over the quarter that ended in Mar. 2026 was S$174.2 Mil. Therefore, HG Metal Manufacturing's annualized ROA % for the quarter that ended in Mar. 2026 was 6.90%.
The historical rank and industry rank for HG Metal Manufacturing's ROA % or its related term are showing as below:
SGX:BTG'
s ROA % Range Over the Past 10 Years
Min: -8.69 Med: 0.08 Max: 7.56
Current: 5.53
During the past 13 years, HG Metal Manufacturing's highest ROA % was 7.56%. The lowest was -8.69%. And the median was 0.08%.
SGX:BTG's ROA % is ranked better than 76.54% of 635
companies
in the Steel industry
Industry Median: 1.99
vs SGX:BTG: 5.53
HG Metal Manufacturing (SGX:BTG) 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 (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.
* 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 Steel subindustry, HG Metal Manufacturing'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.
HG Metal Manufacturing ROA % vs Steel Industry
For the Steel industry and Basic Materials sector, HG Metal Manufacturing's ROA % distribution charts can be found below:
* The bar in red indicates where HG Metal Manufacturing'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.
HG Metal Manufacturing (SGX:BTG) has a ROA % of 6.90% 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 HG Metal Manufacturing and its competitors. This is 8525% above median its historical median of 0.08. According to the industry distribution chart, HG Metal Manufacturing ranks #149 out of 635 companies in the Steel industry, placing it in the top 23.5%.
Is HG Metal Manufacturing's ROA % too high?
HG Metal Manufacturing's current ROA % of 6.90% is 8525% above median its 10-year median of 0.08. The Steel industry median ROA % is 1.99. HG Metal Manufacturing's value of 6.90% is 246.7% above this industry median. Based on the distribution chart, HG Metal Manufacturing ranks #149 out of 635 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, HG Metal Manufacturing has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does HG Metal Manufacturing's ROA % compare to NUE and STLD?
According to the Steel industry distribution chart, HG Metal Manufacturing ranks #149 out of 635 companies for ROA %. This places HG Metal Manufacturing in the top 24% of its industry — outperforming the majority of peers. The industry median ROA % is 1.99. HG Metal Manufacturing's value of 6.90% is 246.7% above this benchmark. While the company's 10-year median is 0.08 vs. the industry median of 1.99, HG Metal Manufacturing 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 Steel company?
The median ROA % among Steel companies is 1.99, based on 635 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. HG Metal Manufacturing's current ROA % of 6.90% is 246.7% 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 HG Metal Manufacturing and its competitors. For the Steel industry, the median ROA % is 1.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HG Metal Manufacturing's current ROA % is 6.90%, which is 8525% above median its own 10-year median of 0.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HG Metal Manufacturing stock overvalued right now?
Based on GuruFocus' analysis, HG Metal Manufacturing (SGX:BTG) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.17, compared to a current price of S$0.49 — trading 188.2% above its estimated fair value. The current ROA % is 6.90%, which is 8525% above median its 10-year median of 0.08 and 246.7% above the Steel industry median of 1.99. HG Metal Manufacturing's overall GF Score™ is 44/100 with 3 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 HG Metal Manufacturing (SGX:BTG), the current ROA % is 6.90% 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 HG Metal Manufacturing (SGX:BTG) Overvalued in 2026?
Based on GuruFocus' analysis, HG Metal Manufacturing stock appears to be overvalued.
The current stock price of S$0.49 is trading 188.2% above its estimated GF Value™ of S$0.17.
GuruFocus considers HG Metal Manufacturing to be Significantly Overvalued.
Key valuation signals for SGX:BTG:
ROA %: 6.90% (8525% above median its 10-year median of 0.08)
GF Value™: S$0.17 vs. price of S$0.49 (188.2% above fair value)
Industry Position: 246.7% above the Steel median (#149 of 635)
No single metric tells the full story. See the SGX:BTG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HG Metal Manufacturing Ltd is involved in the steel business. The Company operates through business units including HG Distribution, HG Construction Steel, HG Coupler, and Thread. Its operating segments comprise the Trading segment, the Manufacturing segment, and Others. The Trading segment supplies steel products and includes investments in subsidiaries engaged in steel distribution and the provision of industrial steel services. The Manufacturing segment produces construction steel products and provides related engineering services. The Others segment includes activities that do not fall under the Trading or Manufacturing segments. The majority of the Company's revenue is generated from the Manufacturing segment, with the maximum of its revenue derived from Singapore.
44GF Score
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