Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Cortina HoldingsSGX:C41 95 ROA % is 8.78% as of Mar. 2026, which is 6% below its 10-year median of 9.30. GuruFocus rates SGX:C41 with a GF Score™ of 95/100 and a GF Value™ of S$3.89 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,136 Retail - Cyclical companies, Cortina Holdings ranks better than 80.63% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Cortina Holdings's annualizedNet Income for the quarter that ended in Mar. 2026 was S$67.8 Mil.
Cortina Holdings's average Total Assets over the quarter that ended in Mar. 2026 was S$771.8 Mil. Therefore, Cortina Holdings's annualized ROA % for the quarter that ended in Mar. 2026 was 8.78%.
The historical rank and industry rank for Cortina Holdings's ROA % or its related term are showing as below:
SGX:C41'
s ROA % Range Over the Past 10 Years
Min: 4.45 Med: 9.3 Max: 12.6
Current: 8.42
During the past 13 years, Cortina Holdings's highest ROA % was 12.60%. The lowest was 4.45%. And the median was 9.30%.
SGX:C41's ROA % is ranked better than 80.63% of 1136
companies
in the Retail - Cyclical industry
Industry Median: 2.73
vs SGX:C41: 8.42
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.
Cortina Holdings ROA % Related Terms
Cortina Holdings ROA % Historical Data
* Premium members only.
The historical data trend for Cortina Holdings'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, Cortina Holdings'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.
Cortina Holdings ROA % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Cortina Holdings's ROA % distribution charts can be found below:
* The bar in red indicates where Cortina Holdings'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.
Cortina Holdings (SGX:C41) has a ROA % of 8.78% 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 Cortina Holdings and its competitors. This is near median its historical median of 9.30. Over the past decade, Cortina Holdings' ROA % has ranged from 4.45 to 12.60. According to the industry distribution chart, Cortina Holdings ranks #220 out of 1136 companies in the Retail - Cyclical industry, placing it in the top 19.4%.
Is Cortina Holdings' ROA % too high?
Cortina Holdings' current ROA % of 8.78% is near median its 10-year median of 9.30. Over the past 10 years, this metric has ranged from a low of 4.45 to a high of 12.60. The Retail - Cyclical industry median ROA % is 2.73. Cortina Holdings' value of 8.78% is 221.6% above this industry median. Based on the distribution chart, Cortina Holdings ranks #220 out of 1136 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Cortina Holdings has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cortina Holdings' ROA % compare to TPR?
According to the Retail - Cyclical industry distribution chart, Cortina Holdings ranks #220 out of 1136 companies for ROA %. This places Cortina Holdings in the top 19% of its industry — outperforming the majority of peers. The industry median ROA % is 2.73. Cortina Holdings' value of 8.78% is 221.6% above this benchmark. Historically, Cortina Holdings' own ROA % has ranged from 4.45 to 12.60 over the past decade. While the company's 10-year median is 9.30 vs. the industry median of 2.73, Cortina Holdings 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 2.73, based on 1,136 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. Cortina Holdings's current ROA % of 8.78% is 221.6% 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 Cortina Holdings and its competitors. For the Retail - Cyclical industry, the median ROA % is 2.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cortina Holdings's current ROA % is 8.78%, which is near median its own 10-year median of 9.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cortina Holdings stock overvalued right now?
Based on GuruFocus' analysis, Cortina Holdings (SGX:C41) is currently considered Fairly Valued. The stock's GF Value™ is S$3.89, compared to a current price of S$3.90 — trading 0.3% above its estimated fair value. The current ROA % is 8.78%, which is near median its 10-year median of 9.30 and 221.6% above the Retail - Cyclical industry median of 2.73. Cortina Holdings' overall GF Score™ is 95/100 with 7 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 Cortina Holdings (SGX:C41), the current ROA % is 8.78% 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 Cortina Holdings (SGX:C41) Overvalued in 2026?
Based on GuruFocus' analysis, Cortina Holdings stock appears to be overvalued.
The current stock price of S$3.90 is trading 0.3% above its estimated GF Value™ of S$3.89.
GuruFocus considers Cortina Holdings to be Fairly Valued.
Key valuation signals for SGX:C41:
ROA %: 8.78% (near median its 10-year median of 9.30)
GF Value™: S$3.89 vs. price of S$3.90 (0.3% above fair value)
Industry Position: 221.6% above the Retail - Cyclical median (#220 of 1136)
No single metric tells the full story. See the SGX:C41 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cortina Holdings Ltd is engaged in the retail and distribution of luxury watches. It operates in two segments, namely Retail and Wholesale. The retail segment, which derives the majority of revenue, involves in retailing of the timepiece, branded pens, and accessories. The wholesale segment is involved in the wholesale of timepieces and luxury branded accessories. Its brands include brands, such as Rolex, Patek Philippe, Cartier, Chopard, H. Moser & Cie, Parmigiani Fleurier, Omega, and more.
95GF Score
Get the complete analysis for SGX:C41
ROA % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SGX:C41 has been successfully added to your 
