XMH Holdings (SGX:BQF) ROE %: 31.77% (As of Apr. 2026) — 664% Above Median

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SGX:BQF XMH Holdings Ltd SGX:BQF
56 GF Score
Price S$2.25
GF Value S$0.85
Valuation Significantly Overvalued
! 3 Warning Signs
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What is XMH Holdings ROE %?

XMH Holdings SGX:BQF 56 ROE % is 31.77% as of Apr. 2026, which is 664% above its 10-year median of 4.16. GuruFocus rates SGX:BQF with a GF Score™ of 56/100 and a GF Value™ of S$0.85 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 3,001 Industrial Products companies, XMH Holdings ranks better than 97.03% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. XMH Holdings's annualized net income for the quarter that ended in Apr. 2026 was S$32.2 Mil. XMH Holdings's average Total Stockholders Equity over the quarter that ended in Apr. 2026 was S$101.4 Mil. Therefore, XMH Holdings's annualized ROE % for the quarter that ended in Apr. 2026 was 31.77%.

The historical rank and industry rank for XMH Holdings's ROE % or its related term are showing as below:

SGX:BQF' s ROE % Range Over the Past 10 Years
Min: -20.77   Med: 4.16   Max: 36.56
Current: 33.29

During the past 13 years, XMH Holdings's highest ROE % was 36.56%. The lowest was -20.77%. And the median was 4.16%.

SGX:BQF's ROE % is ranked better than
97.03% of 3001 companies
in the Industrial Products industry
Industry Median: 5.86 vs SGX:BQF: 33.29

XMH Holdings  (SGX:BQF) 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: Apr. 2026 )
=Net Income/Total Stockholders Equity
=32.226/101.4445
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(32.226 / 182.828)*(182.828 / 187.6815)*(187.6815 / 101.4445)
=Net Margin %*Asset Turnover*Equity Multiplier
=17.63 %*0.9741*1.8501
=ROA %*Equity Multiplier
=17.17 %*1.8501
=31.77 %

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: Apr. 2026 )
=Net Income/Total Stockholders Equity
=32.226/101.4445
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (32.226 / 39.298) * (39.298 / 33.086) * (33.086 / 182.828) * (182.828 / 187.6815) * (187.6815 / 101.4445)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.82 * 1.1878 * 18.1 % * 0.9741 * 1.8501
=31.77 %

Note: The net income data used here is two times the semi-annual (Apr. 2026) net income data. The Revenue data used here is two times the semi-annual (Apr. 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.


XMH Holdings ROE % Related Terms


XMH Holdings ROE % Historical Data

* Premium members only.

The historical data trend for XMH 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.

XMH Holdings ROE % Chart

XMH Holdings Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.33 8.15 23.22 36.56 33.32

XMH Holdings Semi-Annual Data
Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
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 21.78 40.30 34.87 35.02 31.77

SGX:BQF vs GEV, ETN, PH: ROE % Comparison

For the Specialty Industrial Machinery subindustry, XMH 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.


XMH Holdings ROE % vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, XMH Holdings's ROE % distribution charts can be found below:

* The bar in red indicates where XMH Holdings's ROE % falls into.


SGX:BQF
56GF Score
XMH Holdings Ltd SGX:BQF
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

XMH Holdings ROE % Calculation

XMH Holdings's annualized ROE % for the fiscal year that ended in Apr. 2026 is calculated as

ROE %=Net Income (A: Apr. 2026 )/( (Total Stockholders Equity (A: Apr. 2025 )+Total Stockholders Equity (A: Apr. 2026 ))/ count )
=31.562/( (81.523+107.938)/ 2 )
=31.562/94.7305
=33.32 %

XMH Holdings's annualized ROE % for the quarter that ended in Apr. 2026 is calculated as

ROE %=Net Income (Q: Apr. 2026 )/( (Total Stockholders Equity (Q: Oct. 2025 )+Total Stockholders Equity (Q: Apr. 2026 ))/ count )
=32.226/( (94.951+107.938)/ 2 )
=32.226/101.4445
=31.77 %

* 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 (Apr. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 31.77% mean?
XMH Holdings (SGX:BQF) has a ROE % of 31.77% as of Apr. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on XMH Holdings and its competitors. This is 664% above median its historical median of 4.16. According to the industry distribution chart, XMH Holdings ranks #89 out of 3001 companies in the Industrial Products industry, placing it in the top 3%.
Is XMH Holdings' ROE % too high?
XMH Holdings' current ROE % of 31.77% is 664% above median its 10-year median of 4.16. The Industrial Products industry median ROE % is 5.86. XMH Holdings' value of 31.77% is 442.2% above this industry median. Based on the distribution chart, XMH Holdings ranks #89 out of 3001 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, XMH Holdings has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does XMH Holdings' ROE % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, XMH Holdings ranks #89 out of 3001 companies for ROE %. This places XMH Holdings in the top 3% of its industry — outperforming the majority of peers. The industry median ROE % is 5.86. XMH Holdings' value of 31.77% is 442.2% above this benchmark. While the company's 10-year median is 4.16 vs. the industry median of 5.86, XMH 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 an Industrial Products company?
The median ROE % among Industrial Products companies is 5.86, based on 3,001 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. XMH Holdings's current ROE % of 31.77% is 442.2% 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 XMH Holdings and its competitors. For the Industrial Products industry, the median ROE % is 5.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. XMH Holdings's current ROE % is 31.77%, which is 664% above median its own 10-year median of 4.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is XMH Holdings stock overvalued right now?
Based on GuruFocus' analysis, XMH Holdings (SGX:BQF) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.85, compared to a current price of S$2.25 — trading 164.7% above its estimated fair value. The current ROE % is 31.77%, which is 664% above median its 10-year median of 4.16 and 442.2% above the Industrial Products industry median of 5.86. XMH Holdings' overall GF Score™ is 56/100 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 XMH Holdings (SGX:BQF), the current ROE % is 31.77% as of Apr. 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 XMH Holdings (SGX:BQF) Overvalued in 2026?

Based on GuruFocus' analysis, XMH Holdings stock appears to be overvalued. The current stock price of S$2.25 is trading 164.7% above its estimated GF Value™ of S$0.85. GuruFocus considers XMH Holdings to be Significantly Overvalued.

Key valuation signals for SGX:BQF:

  • ROE %: 31.77% (664% above median its 10-year median of 4.16)
  • GF Value™: S$0.85 vs. price of S$2.25 (164.7% above fair value)
  • GF Score™: 56/100 with 3 warning signs
  • Industry Position: 442.2% above the Industrial Products median (#89 of 3001)

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


XMH Holdings Business Description

Address 55 Tuas Crescent, No. 07-01, Singapore, SGP, 638743
XMH Holdings Ltd is an investment holding company. Along with its subsidiaries, the firm is predominantly engaged as a diesel engine, propulsion, and power generating solutions provider to customers in the marine and industrial sectors across Asia. Its reportable segments are; Distribution, After-sales, and Project. The maximum revenue is generated from its Distribution segment which comprises distribution of propulsion engines. The After-sales segment relates to after-sales services provided which includes services/jobs, sales of spare parts, and other trading; and the Project segment relates to manufacturing, sales, and commission of power generator sets and the manufacturing of marine equipment and related repair services. Geographically, it derives key revenue from Indonesia.
56GF Score

Get the complete analysis for SGX:BQF

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

S$2.25
Price
S$0.85
GF Value