Deneb InvestmentsJSE:DNB 75 ROE % is 12.61% as of Mar. 2026, which is 113% above its 10-year median of 5.92. GuruFocus rates JSE:DNB with a GF Score™ of 75/100 and a GF Value™ of R2.72 (Fairly Valued). The stock has 6 warning signs investors should review. Among 557 Conglomerates companies, Deneb Investments ranks better than 70.38% on this metric.
The historical rank and industry rank for Deneb Investments's ROE % or its related term are showing as below:
JSE:DNB'
s ROE % Range Over the Past 10 Years
Min: -8.23 Med: 5.92 Max: 10.4
Current: 10.4
During the past 13 years, Deneb Investments's highest ROE % was 10.40%. The lowest was -8.23%. And the median was 5.92%.
JSE:DNB's ROE % is ranked better than 70.38% of 557
companies
in the Conglomerates industry
Industry Median: 6.15
vs JSE:DNB: 10.40
Deneb Investments (JSE:DNB) 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:
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.
Deneb Investments ROE % Related Terms
Deneb Investments ROE % Historical Data
* Premium members only.
The historical data trend for Deneb Investments'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.
For the Conglomerates subindustry, Deneb Investments'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.
Deneb Investments ROE % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Deneb Investments's ROE % distribution charts can be found below:
* The bar in red indicates where Deneb Investments'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 (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Deneb Investments (JSE:DNB) has a ROE % of 12.61% 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 Deneb Investments and its competitors. This is 113% above median its historical median of 5.92. According to the industry distribution chart, Deneb Investments ranks #165 out of 557 companies in the Conglomerates industry, placing it in the top 29.6%.
Is Deneb Investments' ROE % too high?
Deneb Investments' current ROE % of 12.61% is 113% above median its 10-year median of 5.92. The Conglomerates industry median ROE % is 6.15. Deneb Investments' value of 12.61% is 105% above this industry median. Based on the distribution chart, Deneb Investments ranks #165 out of 557 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Deneb Investments has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Deneb Investments' ROE % compare to HON and MMM?
According to the Conglomerates industry distribution chart, Deneb Investments ranks #165 out of 557 companies for ROE %. This puts Deneb Investments in the upper half of its industry. The industry median ROE % is 6.15. Deneb Investments' value of 12.61% is 105% above this benchmark. While the company's 10-year median is 5.92 vs. the industry median of 6.15, Deneb Investments 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. Deneb Investments's current ROE % of 12.61% is 105% 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 Deneb Investments 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. Deneb Investments's current ROE % is 12.61%, which is 113% above median its own 10-year median of 5.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Deneb Investments stock overvalued right now?
Based on GuruFocus' analysis, Deneb Investments (JSE:DNB) is currently considered Fairly Valued. The stock's GF Value™ is R2.72, compared to a current price of R2.65 — trading 2.6% below its estimated fair value. The current ROE % is 12.61%, which is 113% above median its 10-year median of 5.92 and 105% above the Conglomerates industry median of 6.15. Deneb Investments' overall GF Score™ is 75/100 with 6 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 Deneb Investments (JSE:DNB), the current ROE % is 12.61% 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 Deneb Investments (JSE:DNB) Overvalued in 2026?
Based on GuruFocus' analysis, Deneb Investments stock appears to be undervalued.
The current stock price of R2.65 is trading 2.6% below its estimated GF Value™ of R2.72.
GuruFocus considers Deneb Investments to be Fairly Valued.
Key valuation signals for JSE:DNB:
ROE %: 12.61% (113% above median its 10-year median of 5.92)
GF Value™: R2.72 vs. price of R2.65 (2.6% below fair value)
Industry Position: 105% above the Conglomerates median (#165 of 557)
No single metric tells the full story. See the JSE:DNB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Deneb Investments Ltd is a diversified investment company operating in southern Africa. The company's operating segment includes Properties; Industrial Product Manufacturing; Automotive Parts Manufacturing; and Branded Product Distribution. Industrial Product Manufacturing and Branded Product Distribution segments together contribute to the majority of the revenue. Its geographical segments include South Africa, Other African countries, Asia, Europe, North America, and South America, of which the majority of the revenue is generated from South Africa.
75GF Score
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