Singapore AirlinesSINGF 78 ROA % is 4.22% as of Mar. 2026, which is 64% above its 10-year median of 2.58. GuruFocus rates SINGF with a GF Score™ of 78/100 and a GF Value™ of $5.26 (Fairly Valued). The stock has 9 warning signs investors should review. Among 1,015 Transportation companies, Singapore Airlines ranks worse than 55.17% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Singapore Airlines's annualizedNet Income for the quarter that ended in Mar. 2026 was $1,378 Mil.
Singapore Airlines's average Total Assets over the quarter that ended in Mar. 2026 was $32,637 Mil. Therefore, Singapore Airlines's annualized ROA % for the quarter that ended in Mar. 2026 was 4.22%.
The historical rank and industry rank for Singapore Airlines's ROA % or its related term are showing as below:
SINGF'
s ROA % Range Over the Past 10 Years
Min: -11.98 Med: 2.58 Max: 6.36
Current: 2.82
During the past 13 years, Singapore Airlines's highest ROA % was 6.36%. The lowest was -11.98%. And the median was 2.58%.
SINGF's ROA % is ranked worse than 55.17% of 1015
companies
in the Transportation industry
Industry Median: 3.46
vs SINGF: 2.82
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 four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (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.
Singapore Airlines ROA % Related Terms
Singapore Airlines ROA % Historical Data
* Premium members only.
The historical data trend for Singapore Airlines'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 Airlines subindustry, Singapore Airlines'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 Airlines ROA % vs Transportation Industry
For the Transportation industry and Industrials sector, Singapore Airlines's ROA % distribution charts can be found below:
* The bar in red indicates where Singapore Airlines'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 four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Singapore Airlines (SINGF) has a ROA % of 4.22% 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 Singapore Airlines and its competitors. This is 64% above median its historical median of 2.58. According to the industry distribution chart, Singapore Airlines ranks #560 out of 1015 companies in the Transportation industry, placing it in the top 55.2%.
Is Singapore Airlines' ROA % too high?
Singapore Airlines' current ROA % of 4.22% is 64% above median its 10-year median of 2.58. The Transportation industry median ROA % is 3.46. Singapore Airlines' value of 4.22% is 22% above this industry median. Based on the distribution chart, Singapore Airlines ranks #560 out of 1015 companies in the Transportation industry, which is below the industry midpoint. Overall, Singapore Airlines has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Singapore Airlines' ROA % compare to DAL and UAL?
According to the Transportation industry distribution chart, Singapore Airlines ranks #560 out of 1015 companies for ROA %. This places Singapore Airlines in the lower half of its industry. The industry median ROA % is 3.46. Singapore Airlines' value of 4.22% is 22% above this benchmark. While the company's 10-year median is 2.58 vs. the industry median of 3.46, Singapore Airlines 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 Transportation company?
The median ROA % among Transportation companies is 3.46, based on 1,015 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 Airlines's current ROA % of 4.22% is 22% 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 Airlines and its competitors. For the Transportation industry, the median ROA % is 3.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Singapore Airlines's current ROA % is 4.22%, which is 64% above median its own 10-year median of 2.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Singapore Airlines stock overvalued right now?
Based on GuruFocus' analysis, Singapore Airlines (SINGF) is currently considered Fairly Valued. The stock's GF Value™ is $5.26, compared to a current price of $5.69 — trading 8.2% above its estimated fair value. The current ROA % is 4.22%, which is 64% above median its 10-year median of 2.58 and 22% above the Transportation industry median of 3.46. Singapore Airlines' overall GF Score™ is 78/100 with 9 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 Airlines (SINGF), the current ROA % is 4.22% 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 Singapore Airlines (SINGF) Overvalued in 2026?
Based on GuruFocus' analysis, Singapore Airlines stock appears to be overvalued.
The current stock price of $5.69 is trading 8.2% above its estimated GF Value™ of $5.26.
GuruFocus considers Singapore Airlines to be Fairly Valued.
Key valuation signals for SINGF:
ROA %: 4.22% (64% above median its 10-year median of 2.58)
GF Value™: $5.26 vs. price of $5.69 (8.2% above fair value)
Industry Position: 22% above the Transportation median (#560 of 1015)
No single metric tells the full story. See the SINGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Singapore Airlines is Singapore's flagship carrier and one of the region's largest airlines in terms of revenue and carrying capacity. With its hub in Changi Airport, the carrier provides regional and cross-continental passenger and cargo services destined to or transiting through Singapore. The company operates under dual brands: full-service carrier SIA and low-cost regional carrier Scoot. It also owns stakes in SATS and SIA Engineering. In 2024, the merger of its associate airline Vistara with Air India resulted in Singapore Airlines owning a 25% stake in Air India.
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