Sincere Navigation (TPE:2605) ROE % Adjusted to Book Value: 15.34% (As of Dec. 2025)

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Director of Data and Quant Analytics at GuruFocus
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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.

TPE:2605 Sincere Navigation Corp TPE:2605
84 GF Score
Price NT$31.65
GF Value NT$28.06
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Sincere Navigation ROE % Adjusted to Book Value?

Sincere Navigation TPE:2605 +4.98% 84 ROE % Adjusted to Book Value is 15.34% as of Dec. 2025. GuruFocus rates TPE:2605 with a GF Score™ of 84/100 and a GF Value™ of NT$28.06 (Modestly Overvalued). The stock has 7 warning signs investors should review.

Sincere Navigation's ROE % for the quarter that ended in Dec. 2025 was 13.35%. Sincere Navigation's PB Ratio for the quarter that ended in Dec. 2025 was 0.87. Sincere Navigation's ROE % Adjusted to Book Value for the quarter that ended in Dec. 2025 was 15.34%.


Sincere Navigation ROE % Adjusted to Book Value Related Terms


Sincere Navigation ROE % Adjusted to Book Value Historical Data

* Premium members only.

The historical data trend for Sincere Navigation'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.

Sincere Navigation ROE % Adjusted to Book Value Chart

Sincere Navigation Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.13 1.76 3.01 10.98 5.45

Sincere Navigation Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 5.61 0.36 3.40 4.73 15.34

Sincere Navigation ROE % Adjusted to Book Value Competitor Comparison

For the Marine Shipping subindustry, Sincere Navigation'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.


Sincere Navigation ROE % Adjusted to Book Value vs Transportation Industry

For the Transportation industry and Industrials sector, Sincere Navigation's ROE % Adjusted to Book Value distribution charts can be found below:

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


TPE:2605
84GF Score
Sincere Navigation Corp TPE:2605
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Sincere Navigation ROE % Adjusted to Book Value Calculation

Sincere Navigation's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=4.74% / 0.87
=5.45%

Sincere Navigation's ROE % Adjusted to Book Value for the quarter that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=13.35% / 0.87
=15.34%

* 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 15.34% mean?
Sincere Navigation (TPE:2605) has a ROE % Adjusted to Book Value of 15.34% as of Dec. 2025. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Sincere Navigation and its competitors.
Is Sincere Navigation's ROE % Adjusted to Book Value too high?
Sincere Navigation's current ROE % Adjusted to Book Value is 15.34%. Overall, Sincere Navigation has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sincere Navigation's ROE % Adjusted to Book Value compare to competitors?
Sincere Navigation's ROE % Adjusted to Book Value of 15.34% can be compared against companies in the Transportation 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 Transportation company?
A good ROE % Adjusted to Book Value depends on the Transportation 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 Sincere Navigation and its competitors. Sincere Navigation's current ROE % Adjusted to Book Value is 15.34%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sincere Navigation stock overvalued right now?
Based on GuruFocus' analysis, Sincere Navigation (TPE:2605) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$28.06, compared to a current price of NT$31.65 — trading 12.8% above its estimated fair value. The current ROE % Adjusted to Book Value is 15.34%. Sincere Navigation's overall GF Score™ is 84/100 with 7 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 Sincere Navigation (TPE:2605), the current ROE % Adjusted to Book Value is 15.34% as of Dec. 2025. 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 Sincere Navigation (TPE:2605) Overvalued in 2026?

Based on GuruFocus' analysis, Sincere Navigation stock appears to be overvalued. The current stock price of NT$31.65 is trading 12.8% above its estimated GF Value™ of NT$28.06. GuruFocus considers Sincere Navigation to be Modestly Overvalued.

Key valuation signals for TPE:2605:

  • ROE % Adjusted to Book Value: 15.34%
  • GF Value™: NT$28.06 vs. price of NT$31.65 (12.8% above fair value)
  • GF Score™: 84/100 with 7 warning signs

No single metric tells the full story. See the TPE:2605 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sincere Navigation Business Description

Address Fuxing South Road, 14th Floor, No. 368, Section 1, Taipei, TWN, 10656
Sincere Navigation Corp is a bulk shipping transportation company in Taiwan. The company's main business line is to provide an integrated shipping solution. It provides a consistent, high-quality transportation service to customers around the world in key industries such as coal and iron ore mining, steel, energy, and paper. It provides tug and barge services. Its segment includes the Bulk carrier and Oil tanker segments. It derives the majority of the revenue from the Bulk carrier segment.
84GF Score

Get the complete analysis for TPE:2605

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

NT$31.65
Price
NT$28.06
GF Value