BSTGF (Boustead Singapore) ROE %: 57.16% (As of Mar. 2026) — 449% Above Median


BSTGF Boustead Singapore Ltd BSTGF
58 GF Score
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What is Boustead Singapore ROE %?

Boustead Singapore BSTGF 58 ROE % is 57.16% as of Mar. 2026, which is 449% above its 10-year median of 10.41. GuruFocus rates BSTGF with a GF Score™ of 58/100. The stock has 4 warning signs investors should review. Among 557 Conglomerates companies, Boustead Singapore ranks better than 96.23% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Boustead Singapore's annualized net income for the quarter that ended in Mar. 2026 was $308.9 Mil. Boustead Singapore's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was $540.4 Mil. Therefore, Boustead Singapore's annualized ROE % for the quarter that ended in Mar. 2026 was 57.16%.

The historical rank and industry rank for Boustead Singapore's ROE % or its related term are showing as below:

BSTGF' s ROE % Range Over the Past 10 Years
Min: 6.95   Med: 10.41   Max: 35.48
Current: 35.48

During the past 13 years, Boustead Singapore's highest ROE % was 35.48%. The lowest was 6.95%. And the median was 10.41%.

BSTGF's ROE % is ranked better than
96.23% of 557 companies
in the Conglomerates industry
Industry Median: 5.99 vs BSTGF: 35.48

Boustead Singapore  (OTCPK:BSTGF) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=308.942/540.4495
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(308.942 / 516.484)*(516.484 / 921.507)*(921.507 / 540.4495)
=Net Margin %*Asset Turnover*Equity Multiplier
=59.82 %*0.5605*1.7051
=ROA %*Equity Multiplier
=33.53 %*1.7051
=57.16 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=308.942/540.4495
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (308.942 / 331.962) * (331.962 / 49.668) * (49.668 / 516.484) * (516.484 / 921.507) * (921.507 / 540.4495)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.9307 * 6.6836 * 9.62 % * 0.5605 * 1.7051
=57.16 %

Note: The net income data used here is two times the semi-annual (Mar. 2026) net income data. The Revenue data used here is two times the semi-annual (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Boustead Singapore ROE % Related Terms


Boustead Singapore ROE % Historical Data

* Premium members only.

The historical data trend for Boustead Singapore's ROE % 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.

Boustead Singapore ROE % Chart

Boustead Singapore Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.90 10.29 13.40 17.52 34.52

Boustead Singapore Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
ROE % 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 15.50 14.06 20.86 12.11 57.16

BSTGF vs HON, MMM: ROE % Comparison

For the Conglomerates subindustry, Boustead Singapore's ROE %, along with its competitors' market caps and ROE % 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.


Boustead Singapore ROE % vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Boustead Singapore's ROE % distribution charts can be found below:

* The bar in red indicates where Boustead Singapore's ROE % falls into.


BSTGF
58GF Score
Boustead Singapore Ltd BSTGF
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Boustead Singapore ROE % Calculation

Boustead Singapore's annualized ROE % for the fiscal year that ended in Mar. 2026 is calculated as

ROE %=Net Income (A: Mar. 2026 )/( (Total Stockholders Equity (A: Mar. 2025 )+Total Stockholders Equity (A: Mar. 2026 ))/ count )
=181.77/( (435.301+617.763)/ 2 )
=181.77/526.532
=34.52 %

Boustead Singapore's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Sep. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=308.942/( (463.136+617.763)/ 2 )
=308.942/540.4495
=57.16 %

* 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 ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is two times the semi-annual (Mar. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 57.16% mean?
Boustead Singapore (BSTGF) has a ROE % of 57.16% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Boustead Singapore and its competitors. This is 449% above median its historical median of 10.41. Over the past decade, Boustead Singapore's ROE % has ranged from 6.95 to 35.48. According to the industry distribution chart, Boustead Singapore ranks #21 out of 557 companies in the Conglomerates industry, placing it in the top 3.8%.
Is Boustead Singapore's ROE % too high?
Boustead Singapore's current ROE % of 57.16% is 449% above median its 10-year median of 10.41. Over the past 10 years, this metric has ranged from a low of 6.95 to a high of 35.48. The Conglomerates industry median ROE % is 5.99. Boustead Singapore's value of 57.16% is 854.3% above this industry median. Based on the distribution chart, Boustead Singapore ranks #21 out of 557 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Boustead Singapore has a GF Score™ of 58/100, reflecting its overall financial health beyond just this single metric.
How does Boustead Singapore's ROE % compare to HON and MMM?
According to the Conglomerates industry distribution chart, Boustead Singapore ranks #21 out of 557 companies for ROE %. This places Boustead Singapore in the top 4% of its industry — outperforming the majority of peers. The industry median ROE % is 5.99. Boustead Singapore's value of 57.16% is 854.3% above this benchmark. Historically, Boustead Singapore's own ROE % has ranged from 6.95 to 35.48 over the past decade. While the company's 10-year median is 10.41 vs. the industry median of 5.99, Boustead Singapore 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 ROE % for a Conglomerates company?
The median ROE % among Conglomerates companies is 5.99, based on 557 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Boustead Singapore's current ROE % of 57.16% is 854.3% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Boustead Singapore and its competitors. For the Conglomerates industry, the median ROE % is 5.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Boustead Singapore's current ROE % is 57.16%, which is 449% above median its own 10-year median of 10.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boustead Singapore stock overvalued right now?
Boustead Singapore (BSTGF) has a current ROE % of 57.16%. The current ROE % is 57.16%, which is 449% above median its 10-year median of 10.41 and 854.3% above the Conglomerates industry median of 5.99. Boustead Singapore's overall GF Score™ is 58/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Boustead Singapore (BSTGF), the current ROE % is 57.16% 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.

Boustead Singapore Business Description

Other Exchanges F9D:Singapore
Address 82 Ubi Avenue 4, No. 08-01 Edward Boustead Centre, Singapore, SGP, 408832
Boustead Singapore Ltd is an investment holding company that engages in infrastructure-related engineering services and geo-spatial solutions. It operates in five segments. The company has five operating segments: Geospatial, Real Estate Solutions, Energy Engineering, Healthcare, and HQ activities. The company generates key revenue from the Geospatial segment, which includes exclusive distribution, professional services, and solutions related to Esri ArcGIS, geographic information system, smart mapping, and location analytics platform, for key markets across Australia and parts of South East Asia.
58GF Score

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