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:
Note:
The net income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) 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.
* 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.
For the Conglomerates subindustry, Jardine Cycle & Carriage'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.
Jardine Cycle & Carriage ROE % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Jardine Cycle & Carriage's ROE % distribution charts can be found below:
* The bar in red indicates where Jardine Cycle & Carriage's ROE % falls into.
* 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 (Dec. 2025) net income data.
ROE % is displayed in the 30-year financial page.
Jardine Cycle & Carriage (FRA:CYC) has a ROE % of 14.69% as of Dec. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Jardine Cycle & Carriage and its competitors. This is 27% above median its historical median of 11.61. Over the past decade, Jardine Cycle & Carriage's ROE % has ranged from 6.70 to 15.87. According to the industry distribution chart, Jardine Cycle & Carriage ranks #147 out of 557 companies in the Conglomerates industry, placing it in the top 26.4%.
Is Jardine Cycle & Carriage's ROE % too high?
Jardine Cycle & Carriage's current ROE % of 14.69% is 27% above median its 10-year median of 11.61. Over the past 10 years, this metric has ranged from a low of 6.70 to a high of 15.87. The Conglomerates industry median ROE % is 6.15. Jardine Cycle & Carriage's value of 14.69% is 138.9% above this industry median. Based on the distribution chart, Jardine Cycle & Carriage ranks #147 out of 557 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Jardine Cycle & Carriage has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Jardine Cycle & Carriage's ROE % compare to HON and MMM?
According to the Conglomerates industry distribution chart, Jardine Cycle & Carriage ranks #147 out of 557 companies for ROE %. This puts Jardine Cycle & Carriage in the upper half of its industry. The industry median ROE % is 6.15. Jardine Cycle & Carriage's value of 14.69% is 138.9% above this benchmark. Historically, Jardine Cycle & Carriage's own ROE % has ranged from 6.70 to 15.87 over the past decade. While the company's 10-year median is 11.61 vs. the industry median of 6.15, Jardine Cycle & Carriage 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 6.15, 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. Jardine Cycle & Carriage's current ROE % of 14.69% is 138.9% 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 Jardine Cycle & Carriage and its competitors. For the Conglomerates industry, the median ROE % is 6.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jardine Cycle & Carriage's current ROE % is 14.69%, which is 27% above median its own 10-year median of 11.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jardine Cycle & Carriage stock overvalued right now?
Based on GuruFocus' analysis, Jardine Cycle & Carriage (FRA:CYC) is currently considered Fairly Valued. The stock's GF Value™ is €17.68, compared to a current price of €17.70 — trading 0.1% above its estimated fair value. The current ROE % is 14.69%, which is 27% above median its 10-year median of 11.61 and 138.9% above the Conglomerates industry median of 6.15. Jardine Cycle & Carriage's overall GF Score™ is 80/100 with 3 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 Jardine Cycle & Carriage (FRA:CYC), the current ROE % is 14.69% 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 Jardine Cycle & Carriage (FRA:CYC) Overvalued in 2026?
Based on GuruFocus' analysis, Jardine Cycle & Carriage stock appears to be overvalued.
The current stock price of €17.70 is trading 0.1% above its estimated GF Value™ of €17.68.
GuruFocus considers Jardine Cycle & Carriage to be Fairly Valued.
Key valuation signals for FRA:CYC:
ROE %: 14.69% (27% above median its 10-year median of 11.61)
GF Value™: €17.68 vs. price of €17.70 (0.1% above fair value)
Industry Position: 138.9% above the Conglomerates median (#147 of 557)
No single metric tells the full story. See the FRA:CYC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jardine Cycle & Carriage Ltd is an investment holding conglomerate focused on investments in the manufacture and distribution of motor vehicles in Southeast Asia. Its segments are Astra, Thaco, Cycle & Carriage. The Astra segment includes the company's controlling interest in Astra International, an automotive group in Southeast Asia; THACO is a multi-industry group; Cycle & Carriage represents a broad range of automotive brands across its established network in Singapore and Malaysia.
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