SINGF (Singapore Airlines) ROCE %: 6.36% (As of Mar. 2026)


SINGF Singapore Airlines Ltd SINGF
78 GF Score
Price $5.69
GF Value $5.26
Valuation Fairly Valued
! 9 Warning Signs
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What is Singapore Airlines ROCE %?

Singapore Airlines SINGF 78 ROCE % is 6.36% as of Mar. 2026. 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.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Singapore Airlines's annualized ROCE % for the quarter that ended in Mar. 2026 was 6.36%.

Singapore Airlines  (OTCPK:SINGF) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Singapore Airlines ROCE % Related Terms

Singapore Airlines ROCE % Historical Data

* Premium members only.

The historical data trend for Singapore Airlines's ROCE % 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.

Singapore Airlines ROCE % Chart

Singapore Airlines Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.94 7.99 10.24 10.99 6.74

Singapore Airlines Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.97 4.62 2.30 9.24 6.36
SINGF
78GF Score
Singapore Airlines Ltd SINGF
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Singapore Airlines ROCE % Calculation

Singapore Airlines's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=1512.113/( ( (32260.258 - 10448.562) + (33926.774 - 10855.033) )/ 2 )
=1512.113/( (21811.696+23071.741)/ 2 )
=1512.113/22441.7185
=6.74 %

Singapore Airlines's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=1731.164/( ( (31346.944 - 0) + (33926.774 - 10855.033) )/ 2 )
=1731.164/( ( 31346.944 + 23071.741 )/ 2 )
=1731.164/27209.3425
=6.36 %

(1) 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 6.36% mean?
Singapore Airlines (SINGF) has a ROCE % of 6.36% as of Mar. 2026.
Is Singapore Airlines' ROCE % too high?
Singapore Airlines' current ROCE % is 6.36%. The Transportation industry median ROCE % is 7.74. Singapore Airlines' value of 6.36% is 17.8% below this industry median. 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' ROCE % compare to DAL and UAL?
Singapore Airlines' ROCE % of 6.36% can be compared against companies in the Transportation industry. The industry median ROCE % is 7.74. Singapore Airlines' value of 6.36% is 17.8% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Transportation company?
The median ROCE % among Transportation companies is 7.74, based on 997 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Singapore Airlines's current ROCE % of 6.36% is 17.8% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Transportation industry, the median ROCE % is 7.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Singapore Airlines's current ROCE % is 6.36%. 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 ROCE % is 6.36% and 17.8% below the Transportation industry median of 7.74. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Singapore Airlines (SINGF), the current ROCE % is 6.36% 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:

  • ROCE %: 6.36%
  • GF Value™: $5.26 vs. price of $5.69 (8.2% above fair value)
  • GF Score™: 78/100 with 9 warning signs
  • Industry Position: 17.8% below the Transportation median

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 Business Description

Address 25 Airline Road, Airline House, Sinagapore, SGP, 819829
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

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$5.69
Price
$5.26
GF Value