ZICO HoldingsSGX:40W ROE % is 15.76% as of Dec. 2025, which is 39300% above its 10-year median of 0.04. The stock has 3 warning signs investors should review. Among 1,057 Business Services companies, ZICO Holdings ranks worse than 63.95% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. ZICO Holdings's annualized net income for the quarter that ended in Dec. 2025 was S$4.13 Mil. ZICO Holdings's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was S$26.20 Mil. Therefore, ZICO Holdings's annualized ROE % for the quarter that ended in Dec. 2025 was 15.76%.
The historical rank and industry rank for ZICO Holdings's ROE % or its related term are showing as below:
SGX:40W'
s ROE % Range Over the Past 10 Years
Min: -23.32 Med: 0.04 Max: 5.53
Current: 4
During the past 13 years, ZICO Holdings's highest ROE % was 5.53%. The lowest was -23.32%. And the median was 0.04%.
SGX:40W's ROE % is ranked worse than 63.95% of 1057
companies
in the Business Services industry
Industry Median: 8.03
vs SGX:40W: 4.00
ZICO Holdings (SGX:40W) 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 (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.
ZICO Holdings ROE % Related Terms
ZICO Holdings ROE % Historical Data
* Premium members only.
The historical data trend for ZICO Holdings'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 Specialty Business Services subindustry, ZICO Holdings'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.
ZICO Holdings ROE % vs Business Services Industry
For the Business Services industry and Industrials sector, ZICO Holdings's ROE % distribution charts can be found below:
* The bar in red indicates where ZICO Holdings'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.
ZICO Holdings (SGX:40W) has a ROE % of 15.76% 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 ZICO Holdings and its competitors. This is 39300% above median its historical median of 0.04. According to the industry distribution chart, ZICO Holdings ranks #676 out of 1057 companies in the Business Services industry, placing it in the top 64%.
Is ZICO Holdings' ROE % too high?
ZICO Holdings' current ROE % of 15.76% is 39300% above median its 10-year median of 0.04. The Business Services industry median ROE % is 8.03. ZICO Holdings' value of 15.76% is 96.3% above this industry median. Based on the distribution chart, ZICO Holdings ranks #676 out of 1057 companies in the Business Services industry, which is below the industry midpoint.
How does ZICO Holdings' ROE % compare to CTAS and CPRT?
According to the Business Services industry distribution chart, ZICO Holdings ranks #676 out of 1057 companies for ROE %. This places ZICO Holdings in the lower half of its industry. The industry median ROE % is 8.03. ZICO Holdings' value of 15.76% is 96.3% above this benchmark. While the company's 10-year median is 0.04 vs. the industry median of 8.03, ZICO Holdings 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 Business Services company?
The median ROE % among Business Services companies is 8.03, based on 1,057 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. ZICO Holdings's current ROE % of 15.76% is 96.3% 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 ZICO Holdings and its competitors. For the Business Services industry, the median ROE % is 8.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ZICO Holdings's current ROE % is 15.76%, which is 39300% above median its own 10-year median of 0.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ZICO Holdings stock overvalued right now?
Based on GuruFocus' analysis, ZICO Holdings (SGX:40W) is currently considered Modestly Overvalued. The stock's GF Value™ is S$0.04, compared to a current price of S$0.05 — trading 25% above its estimated fair value. The current ROE % is 15.76%, which is 39300% above median its 10-year median of 0.04 and 96.3% above the Business Services industry median of 8.03. 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 ZICO Holdings (SGX:40W), the current ROE % is 15.76% 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.
ZICO Holdings Inc principal activity of the Company is that of an investment holding company. Its segments include Advisory and Transactional Services; and Management, Support Services, And Licensing Services. The majority of revenue comes from Advisory and Transactional services segment. The group has business operations in Laos, Malaysia, Myanmar, Singapore, Thailand, and the Philippines. The company generates majority of revenue from Singapore.
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