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Global TestingSGX:AYN 78 ROE % is 2.95% as of Dec. 2025, which is 61% below its 10-year median of 7.57. GuruFocus rates SGX:AYN with a GF Score™ of 78/100 and a GF Value™ of S$1.16 (Fairly Valued). Among 1,002 Semiconductors companies, Global Testing ranks better than 60.48% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Global Testing's annualized net income for the quarter that ended in Dec. 2025 was S$1.93 Mil. Global Testing's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was S$65.47 Mil. Therefore, Global Testing's annualized ROE % for the quarter that ended in Dec. 2025 was 2.95%.
The historical rank and industry rank for Global Testing's ROE % or its related term are showing as below:
SGX:AYN'
s ROE % Range Over the Past 10 Years
Min: -12.72 Med: 7.57 Max: 28.09
Current: 7.6
During the past 13 years, Global Testing's highest ROE % was 28.09%. The lowest was -12.72%. And the median was 7.57%.
SGX:AYN's ROE % is ranked better than 60.48% of 1002
companies
in the Semiconductors industry
Industry Median: 4.83
vs SGX:AYN: 7.60
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.
Global Testing ROE % Related Terms
Global Testing ROE % Historical Data
* Premium members only.
The historical data trend for Global Testing'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 Semiconductor Equipment & Materials subindustry, Global Testing'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.
Global Testing ROE % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Global Testing's ROE % distribution charts can be found below:
* The bar in red indicates where Global Testing'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.
Global Testing (SGX:AYN) has a ROE % of 2.95% 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 Global Testing and its competitors. This is 61% below median its historical median of 7.57. According to the industry distribution chart, Global Testing ranks #396 out of 1002 companies in the Semiconductors industry, placing it in the top 39.5%.
Is Global Testing's ROE % too high?
Global Testing's current ROE % of 2.95% is 61% below median its 10-year median of 7.57. The Semiconductors industry median ROE % is 4.83. Global Testing's value of 2.95% is 38.9% below this industry median. Based on the distribution chart, Global Testing ranks #396 out of 1002 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Global Testing has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Global Testing's ROE % compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Global Testing ranks #396 out of 1002 companies for ROE %. This puts Global Testing in the upper half of its industry. The industry median ROE % is 4.83. Global Testing's value of 2.95% is 38.9% below this benchmark. While the company's 10-year median is 7.57 vs. the industry median of 4.83, Global Testing has consistently been below 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 Semiconductors company?
The median ROE % among Semiconductors companies is 4.83, based on 1,002 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. Global Testing's current ROE % of 2.95% is 38.9% below 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 Global Testing and its competitors. For the Semiconductors industry, the median ROE % is 4.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Global Testing's current ROE % is 2.95%, which is 61% below median its own 10-year median of 7.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Global Testing stock overvalued right now?
Based on GuruFocus' analysis, Global Testing (SGX:AYN) is currently considered Fairly Valued. The stock's GF Value™ is S$1.16, compared to a current price of S$1.15 — trading 0.9% below its estimated fair value. The current ROE % is 2.95%, which is 61% below median its 10-year median of 7.57 and 38.9% below the Semiconductors industry median of 4.83. Global Testing's overall GF Score™ is 78/100. 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 Global Testing (SGX:AYN), the current ROE % is 2.95% 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 Global Testing (SGX:AYN) Overvalued in 2026?
Based on GuruFocus' analysis, Global Testing stock appears to be undervalued.
The current stock price of S$1.15 is trading 0.9% below its estimated GF Value™ of S$1.16.
GuruFocus considers Global Testing to be Fairly Valued.
Key valuation signals for SGX:AYN:
ROE %: 2.95% (61% below median its 10-year median of 7.57)
GF Value™: S$1.16 vs. price of S$1.15 (0.9% below fair value)
Industry Position: 38.9% below the Semiconductors median (#396 of 1002)
No single metric tells the full story. See the SGX:AYN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Global Testing Corp Ltd is engaged in providing testing services. The group provides testing services such as wafer sorting and final testing to the semiconductor industry, focusing on logic and mixed-signal semiconductors used in consumer electronics and communication devices. As part of its testing services, it provides test program development, conversion and optimization services, load board and probe card design, and leases its testers to its customers for trial and pilot testing purposes on an ad hoc basis. Geographically the business presence of the company is seen across the region of Singapore, the USA, Taiwan, Thailand, China, Japan, and other countries.
78GF Score
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