The Hour Glass (SGX:AGS) ROE % Adjusted to Book Value: 14.83% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

SGX:AGS The Hour Glass Ltd SGX:AGS
89 GF Score
Price S$2.73
GF Value S$2.07
Valuation Significantly Overvalued
! 5 Warning Signs
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What is The Hour Glass ROE % Adjusted to Book Value?

The Hour Glass SGX:AGS -1.09% 89 ROE % Adjusted to Book Value is 14.83% as of Mar. 2026. GuruFocus rates SGX:AGS with a GF Score™ of 89/100 and a GF Value™ of S$2.07 (Significantly Overvalued). The stock has 5 warning signs investors should review.

The Hour Glass's ROE % for the quarter that ended in Mar. 2026 was 20.32%. The Hour Glass's PB Ratio for the quarter that ended in Mar. 2026 was 1.37. The Hour Glass's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was 14.83%.


The Hour Glass ROE % Adjusted to Book Value Related Terms


The Hour Glass ROE % Adjusted to Book Value Historical Data

* Premium members only.

The historical data trend for The Hour Glass's ROE % Adjusted to Book Value 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.

The Hour Glass ROE % Adjusted to Book Value Chart

The Hour Glass Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.19 12.15 15.68 14.04 13.12

The Hour Glass Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
ROE % Adjusted to Book Value 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 15.72 12.06 15.12 11.81 14.83

SGX:AGS vs TPR: ROE % Adjusted to Book Value Comparison

For the Luxury Goods subindustry, The Hour Glass's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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.


The Hour Glass ROE % Adjusted to Book Value vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, The Hour Glass's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where The Hour Glass's ROE % Adjusted to Book Value falls into.


SGX:AGS
89GF Score
The Hour Glass Ltd SGX:AGS
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The Hour Glass ROE % Adjusted to Book Value Calculation

The Hour Glass's ROE % Adjusted to Book Value for the fiscal year that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=17.98% / 1.37
=13.12%

The Hour Glass's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=20.32% / 1.37
=14.83%

* 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 ROE % Adjusted to Book Value of 14.83% mean?
The Hour Glass (SGX:AGS) has a ROE % Adjusted to Book Value of 14.83% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on The Hour Glass and its competitors.
Is The Hour Glass' ROE % Adjusted to Book Value too high?
The Hour Glass' current ROE % Adjusted to Book Value is 14.83%. Overall, The Hour Glass has a GF Score™ of 89/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does The Hour Glass' ROE % Adjusted to Book Value compare to TPR?
The Hour Glass' ROE % Adjusted to Book Value of 14.83% can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for a Retail - Cyclical company?
A good ROE % Adjusted to Book Value depends on the Retail - Cyclical industry context. However, ROE % Adjusted to Book Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on The Hour Glass and its competitors. The Hour Glass's current ROE % Adjusted to Book Value is 14.83%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Hour Glass stock overvalued right now?
Based on GuruFocus' analysis, The Hour Glass (SGX:AGS) is currently considered Significantly Overvalued. The stock's GF Value™ is S$2.07, compared to a current price of S$2.73 — trading 31.9% above its estimated fair value. The current ROE % Adjusted to Book Value is 14.83%. The Hour Glass' overall GF Score™ is 89/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For The Hour Glass (SGX:AGS), the current ROE % Adjusted to Book Value is 14.83% 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 The Hour Glass (SGX:AGS) Overvalued in 2026?

Based on GuruFocus' analysis, The Hour Glass stock appears to be overvalued. The current stock price of S$2.73 is trading 31.9% above its estimated GF Value™ of S$2.07. GuruFocus considers The Hour Glass to be Significantly Overvalued.

Key valuation signals for SGX:AGS:

  • ROE % Adjusted to Book Value: 14.83%
  • GF Value™: S$2.07 vs. price of S$2.73 (31.9% above fair value)
  • GF Score™: 89/100 with 5 warning signs

No single metric tells the full story. See the SGX:AGS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


The Hour Glass Business Description

Address 302 Orchard Road, No. 11-01 Tong Building, Singapore, SGP, 238862
The Hour Glass Ltd is a Singapore-based investment holding company. Along with its subsidiaries, the company is engaged in retailing and distribution of watches, jewellery, and other luxury products, investment in properties, and investment holding. It retails watches, jewellery, and other luxury products of brands such as Rolex, Patek Philippe, Akrivia, Daniel Roth, Hublot, Biver, Omega, Bvlgari, Cartier, and others through boutique stores across Singapore, Malaysia, Thailand, Vietnam, Hong Kong, Japan, Australia, and New Zealand. Geographically, the group generates maximum revenue from Southeast Asia and Oceania, followed by Northeast Asia.
89GF Score

Get the complete analysis for SGX:AGS

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

S$2.73
Price
S$2.07
GF Value