Singapore AirlinesSINGF -3.06%78 ROC (Joel Greenblatt) % is 8.23% as of Mar. 2026, which is 36% above its 10-year median of 6.06. GuruFocus rates SINGF with a GF Score™ of 78/100 and a GF Value™ of $5.25 (Fairly Valued). The stock has 8 warning signs investors should review. Among 996 Transportation companies, Singapore Airlines ranks worse than 66.77% on this metric.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Singapore Airlines's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8.23%.
The historical rank and industry rank for Singapore Airlines's ROC (Joel Greenblatt) % or its related term are showing as below:
SINGF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -17.78 Med: 6.06 Max: 12.6
Current: 7.36
During the past 13 years, Singapore Airlines's highest ROC (Joel Greenblatt) % was 12.60%. The lowest was -17.78%. And the median was 6.06%.
SINGF's ROC (Joel Greenblatt) % is ranked worse than 66.77% of 996
companies
in the Transportation industry
Industry Median: 11.695
vs SINGF: 7.36
Singapore Airlines's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
Singapore Airlines ROC (Joel Greenblatt) % Related Terms
Singapore Airlines ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Singapore Airlines's ROC (Joel Greenblatt) % 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.
SINGF vs DAL, UAL, LUV: ROC (Joel Greenblatt) % Comparison
For the Airlines subindustry, Singapore Airlines's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % 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 ROC (Joel Greenblatt) % vs Transportation Industry
For the Transportation industry and Industrials sector, Singapore Airlines's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Singapore Airlines's ROC (Joel Greenblatt) % falls into.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is four times the quarterly (Mar. 2026) EBIT 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.
What does a ROC (Joel Greenblatt) % of 8.23% mean?
Singapore Airlines (SINGF) has a ROC (Joel Greenblatt) % of 8.23% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Singapore Airlines and its competitors. This is 36% above median its historical median of 6.06. According to the industry distribution chart, Singapore Airlines ranks #665 out of 996 companies in the Transportation industry, placing it in the top 66.8%.
Is Singapore Airlines' ROC (Joel Greenblatt) % too high?
Singapore Airlines' current ROC (Joel Greenblatt) % of 8.23% is 36% above median its 10-year median of 6.06. The Transportation industry median ROC (Joel Greenblatt) % is 11.70. Singapore Airlines' value of 8.23% is 29.6% below this industry median. Based on the distribution chart, Singapore Airlines ranks #665 out of 996 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' ROC (Joel Greenblatt) % compare to DAL and UAL?
According to the Transportation industry distribution chart, Singapore Airlines ranks #665 out of 996 companies for ROC (Joel Greenblatt) %. This places Singapore Airlines in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 11.70. Singapore Airlines' value of 8.23% is 29.6% below this benchmark. While the company's 10-year median is 6.06 vs. the industry median of 11.70, Singapore Airlines has consistently been below 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 ROC (Joel Greenblatt) % for a Transportation company?
The median ROC (Joel Greenblatt) % among Transportation companies is 11.70, based on 996 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Singapore Airlines's current ROC (Joel Greenblatt) % of 8.23% is 29.6% below 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 ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Singapore Airlines and its competitors. For the Transportation industry, the median ROC (Joel Greenblatt) % is 11.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Singapore Airlines's current ROC (Joel Greenblatt) % is 8.23%, which is 36% above median its own 10-year median of 6.06. 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 $5.25, compared to a current price of $5.70 — trading 8.6% above its estimated fair value. The current ROC (Joel Greenblatt) % is 8.23%, which is 36% above median its 10-year median of 6.06 and 29.6% below the Transportation industry median of 11.70. Singapore Airlines' overall GF Score™ is 78/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Singapore Airlines (SINGF), the current ROC (Joel Greenblatt) % is 8.23% 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 $5.70 is trading 8.6% above its estimated GF Value™ of $5.25.
GuruFocus considers Singapore Airlines to be Fairly Valued.
Key valuation signals for SINGF:
ROC (Joel Greenblatt) %: 8.23% (36% above median its 10-year median of 6.06)
GF Value™: $5.25 vs. price of $5.70 (8.6% above fair value)
Industry Position: 29.6% below the Transportation median (#665 of 996)
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.
78GF Score
Get the complete analysis for SINGF
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SINGF has been successfully added to your 
