Wilson Bayly Holmes-Ovcon (JSE:WBO) ROE %: 20.55% (As of Dec. 2025) — 47% Above Median


JSE:WBO Wilson Bayly Holmes-Ovcon Ltd JSE:WBO
82 GF Score
Price R171.80
GF Value R170.69
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Wilson Bayly Holmes-Ovcon ROE %?

Wilson Bayly Holmes-Ovcon JSE:WBO +0.50% 82 ROE % is 20.55% as of Dec. 2025, which is 47% above its 10-year median of 13.99. GuruFocus rates JSE:WBO with a GF Score™ of 82/100 and a GF Value™ of R170.69 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,742 Construction companies, Wilson Bayly Holmes-Ovcon ranks better than 88.06% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Wilson Bayly Holmes-Ovcon's annualized net income for the quarter that ended in Dec. 2025 was R1,121 Mil. Wilson Bayly Holmes-Ovcon's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was R5,455 Mil. Therefore, Wilson Bayly Holmes-Ovcon's annualized ROE % for the quarter that ended in Dec. 2025 was 20.55%.

The historical rank and industry rank for Wilson Bayly Holmes-Ovcon's ROE % or its related term are showing as below:

JSE:WBO' s ROE % Range Over the Past 10 Years
Min: -51.53   Med: 13.99   Max: 25.18
Current: 23.54

During the past 13 years, Wilson Bayly Holmes-Ovcon's highest ROE % was 25.18%. The lowest was -51.53%. And the median was 13.99%.

JSE:WBO's ROE % is ranked better than
88.06% of 1742 companies
in the Construction industry
Industry Median: 6.69 vs JSE:WBO: 23.54

Wilson Bayly Holmes-Ovcon  (JSE:WBO) 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: Dec. 2025 )
=Net Income/Total Stockholders Equity
=1120.934/5454.765
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1120.934 / 28046.392)*(28046.392 / 15676.124)*(15676.124 / 5454.765)
=Net Margin %*Asset Turnover*Equity Multiplier
=4 %*1.7891*2.8738
=ROA %*Equity Multiplier
=7.16 %*2.8738
=20.55 %

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: Dec. 2025 )
=Net Income/Total Stockholders Equity
=1120.934/5454.765
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (1120.934 / 1612.328) * (1612.328 / 1311.048) * (1311.048 / 28046.392) * (28046.392 / 15676.124) * (15676.124 / 5454.765)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.6952 * 1.2298 * 4.67 % * 1.7891 * 2.8738
=20.55 %

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.


Wilson Bayly Holmes-Ovcon ROE % Related Terms


Wilson Bayly Holmes-Ovcon ROE % Historical Data

* Premium members only.

The historical data trend for Wilson Bayly Holmes-Ovcon'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.

Wilson Bayly Holmes-Ovcon ROE % Chart

Wilson Bayly Holmes-Ovcon Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.64 -51.53 23.52 23.06 25.18

Wilson Bayly Holmes-Ovcon Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 23.50 22.32 24.60 26.53 20.55

JSE:WBO vs PWR, FIX, EME: ROE % Comparison

For the Engineering & Construction subindustry, Wilson Bayly Holmes-Ovcon'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.


Wilson Bayly Holmes-Ovcon ROE % vs Construction Industry

For the Construction industry and Industrials sector, Wilson Bayly Holmes-Ovcon's ROE % distribution charts can be found below:

* The bar in red indicates where Wilson Bayly Holmes-Ovcon's ROE % falls into.


JSE:WBO
82GF Score
Wilson Bayly Holmes-Ovcon Ltd JSE:WBO
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Wilson Bayly Holmes-Ovcon ROE % Calculation

Wilson Bayly Holmes-Ovcon's annualized ROE % for the fiscal year that ended in Jun. 2025 is calculated as

ROE %=Net Income (A: Jun. 2025 )/( (Total Stockholders Equity (A: Jun. 2024 )+Total Stockholders Equity (A: Jun. 2025 ))/ count )
=1241.667/( (4532.821+5328.171)/ 2 )
=1241.667/4930.496
=25.18 %

Wilson Bayly Holmes-Ovcon's annualized ROE % for the quarter that ended in Dec. 2025 is calculated as

ROE %=Net Income (Q: Dec. 2025 )/( (Total Stockholders Equity (Q: Jun. 2025 )+Total Stockholders Equity (Q: Dec. 2025 ))/ count )
=1120.934/( (5328.171+5581.359)/ 2 )
=1120.934/5454.765
=20.55 %

* 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.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 20.55% mean?
Wilson Bayly Holmes-Ovcon (JSE:WBO) has a ROE % of 20.55% 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 Wilson Bayly Holmes-Ovcon and its competitors. This is 47% above median its historical median of 13.99. According to the industry distribution chart, Wilson Bayly Holmes-Ovcon ranks #208 out of 1742 companies in the Construction industry, placing it in the top 11.9%.
Is Wilson Bayly Holmes-Ovcon's ROE % too high?
Wilson Bayly Holmes-Ovcon's current ROE % of 20.55% is 47% above median its 10-year median of 13.99. The Construction industry median ROE % is 6.69. Wilson Bayly Holmes-Ovcon's value of 20.55% is 207.2% above this industry median. Based on the distribution chart, Wilson Bayly Holmes-Ovcon ranks #208 out of 1742 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Wilson Bayly Holmes-Ovcon has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Wilson Bayly Holmes-Ovcon's ROE % compare to PWR and FIX?
According to the Construction industry distribution chart, Wilson Bayly Holmes-Ovcon ranks #208 out of 1742 companies for ROE %. This places Wilson Bayly Holmes-Ovcon in the top 12% of its industry — outperforming the majority of peers. The industry median ROE % is 6.69. Wilson Bayly Holmes-Ovcon's value of 20.55% is 207.2% above this benchmark. While the company's 10-year median is 13.99 vs. the industry median of 6.69, Wilson Bayly Holmes-Ovcon 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 Construction company?
The median ROE % among Construction companies is 6.69, based on 1,742 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. Wilson Bayly Holmes-Ovcon's current ROE % of 20.55% is 207.2% 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 Wilson Bayly Holmes-Ovcon and its competitors. For the Construction industry, the median ROE % is 6.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wilson Bayly Holmes-Ovcon's current ROE % is 20.55%, which is 47% above median its own 10-year median of 13.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wilson Bayly Holmes-Ovcon stock overvalued right now?
Based on GuruFocus' analysis, Wilson Bayly Holmes-Ovcon (JSE:WBO) is currently considered Fairly Valued. The stock's GF Value™ is R170.69, compared to a current price of R171.80 — trading 0.7% above its estimated fair value. The current ROE % is 20.55%, which is 47% above median its 10-year median of 13.99 and 207.2% above the Construction industry median of 6.69. Wilson Bayly Holmes-Ovcon's overall GF Score™ is 82/100 with 2 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 Wilson Bayly Holmes-Ovcon (JSE:WBO), the current ROE % is 20.55% 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 Wilson Bayly Holmes-Ovcon (JSE:WBO) Overvalued in 2026?

Based on GuruFocus' analysis, Wilson Bayly Holmes-Ovcon stock appears to be overvalued. The current stock price of R171.80 is trading 0.7% above its estimated GF Value™ of R170.69. GuruFocus considers Wilson Bayly Holmes-Ovcon to be Fairly Valued.

Key valuation signals for JSE:WBO:

  • ROE %: 20.55% (47% above median its 10-year median of 13.99)
  • GF Value™: R170.69 vs. price of R171.80 (0.7% above fair value)
  • GF Score™: 82/100 with 2 warning signs
  • Industry Position: 207.2% above the Construction median (#208 of 1742)

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


Wilson Bayly Holmes-Ovcon Business Description

Other Exchanges WQ9:Germany
Address 53 Andries Street, Wynberg, Sandton, Johannesburg, GT, ZAF, 2090
Wilson Bayly Holmes-Ovcon Ltd is a South Africa-based construction company. The company's business activities encompass designing, construction, and procurement, as well as civil engineering, works for large-scale public and private projects, roads and earthworks projects, and turnkey projects. The company also provides construction materials, real estate development, and other services. Its customers predominantly come from the retail, residential, hotel and entertainment, infrastructure, mining, energy, and oil and gas sectors. Its segment include: Building and civil Engineering, Roads and earthworks, Property developments, Construction materials, and United Kingdom. It operates in South Africa, United Kingdom and Rest of Africa, of which maximum revenue is generated from South Africa.
82GF Score

Get the complete analysis for JSE:WBO

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

R171.80
Price
R170.69
GF Value