HRnetGroup (SGX:CHZ) ROE %: 11.65% (As of Dec. 2025) — 29% Below Median


SGX:CHZ HRnetGroup Ltd SGX:CHZ
74 GF Score
Price S$0.74
GF Value S$0.74
Valuation Fairly Valued
! 3 Warning Signs
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What is HRnetGroup ROE %?

HRnetGroup SGX:CHZ +0.68% 74 ROE % is 11.65% as of Dec. 2025, which is 29% below its 10-year median of 16.37. GuruFocus rates SGX:CHZ with a GF Score™ of 74/100 and a GF Value™ of S$0.74 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,060 Business Services companies, HRnetGroup ranks better than 67.36% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. HRnetGroup's annualized net income for the quarter that ended in Dec. 2025 was S$46.4 Mil. HRnetGroup's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was S$397.9 Mil. Therefore, HRnetGroup's annualized ROE % for the quarter that ended in Dec. 2025 was 11.65%.

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

SGX:CHZ' s ROE % Range Over the Past 10 Years
Min: 11.79   Med: 16.37   Max: 40.77
Current: 13.07

During the past 12 years, HRnetGroup's highest ROE % was 40.77%. The lowest was 11.79%. And the median was 16.37%.

SGX:CHZ's ROE % is ranked better than
67.36% of 1060 companies
in the Business Services industry
Industry Median: 8.1 vs SGX:CHZ: 13.07

HRnetGroup  (SGX:CHZ) 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
=46.35/397.876
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(46.35 / 576.93)*(576.93 / 500.9085)*(500.9085 / 397.876)
=Net Margin %*Asset Turnover*Equity Multiplier
=8.03 %*1.1518*1.259
=ROA %*Equity Multiplier
=9.25 %*1.259
=11.65 %

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
=46.35/397.876
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (46.35 / 56.702) * (56.702 / 46.512) * (46.512 / 576.93) * (576.93 / 500.9085) * (500.9085 / 397.876)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.8174 * 1.2191 * 8.06 % * 1.1518 * 1.259
=11.65 %

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.


HRnetGroup ROE % Related Terms


HRnetGroup ROE % Historical Data

* Premium members only.

The historical data trend for HRnetGroup'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.

HRnetGroup ROE % Chart

HRnetGroup Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.66 18.45 17.22 11.79 13.11

HRnetGroup 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 19.05 11.48 12.05 14.51 11.65

SGX:CHZ vs KFY, RHI, TNET: ROE % Comparison

For the Staffing & Employment Services subindustry, HRnetGroup'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.


HRnetGroup ROE % vs Business Services Industry

For the Business Services industry and Industrials sector, HRnetGroup's ROE % distribution charts can be found below:

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


SGX:CHZ
74GF Score
HRnetGroup Ltd SGX:CHZ
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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HRnetGroup ROE % Calculation

HRnetGroup's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=51.19/( (378.839+402.116)/ 2 )
=51.19/390.4775
=13.11 %

HRnetGroup'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 )
=46.35/( (393.636+402.116)/ 2 )
=46.35/397.876
=11.65 %

* 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 11.65% mean?
HRnetGroup (SGX:CHZ) has a ROE % of 11.65% 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 HRnetGroup and its competitors. This is 29% below median its historical median of 16.37. Over the past decade, HRnetGroup's ROE % has ranged from 11.79 to 40.77. According to the industry distribution chart, HRnetGroup ranks #346 out of 1060 companies in the Business Services industry, placing it in the top 32.6%.
Is HRnetGroup's ROE % too high?
HRnetGroup's current ROE % of 11.65% is 29% below median its 10-year median of 16.37. Over the past 10 years, this metric has ranged from a low of 11.79 to a high of 40.77. The Business Services industry median ROE % is 8.10. HRnetGroup's value of 11.65% is 43.8% above this industry median. Based on the distribution chart, HRnetGroup ranks #346 out of 1060 companies in the Business Services industry, which is above the industry midpoint. Overall, HRnetGroup has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does HRnetGroup's ROE % compare to KFY and RHI?
According to the Business Services industry distribution chart, HRnetGroup ranks #346 out of 1060 companies for ROE %. This puts HRnetGroup in the upper half of its industry. The industry median ROE % is 8.10. HRnetGroup's value of 11.65% is 43.8% above this benchmark. Historically, HRnetGroup's own ROE % has ranged from 11.79 to 40.77 over the past decade. While the company's 10-year median is 16.37 vs. the industry median of 8.10, HRnetGroup 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 8.10, based on 1,060 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. HRnetGroup's current ROE % of 11.65% is 43.8% 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 HRnetGroup and its competitors. For the Business Services industry, the median ROE % is 8.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HRnetGroup's current ROE % is 11.65%, which is 29% below median its own 10-year median of 16.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HRnetGroup stock overvalued right now?
Based on GuruFocus' analysis, HRnetGroup (SGX:CHZ) is currently considered Fairly Valued. The stock's GF Value™ is S$0.74, compared to a current price of S$0.74 — trading 0.7% below its estimated fair value. The current ROE % is 11.65%, which is 29% below median its 10-year median of 16.37 and 43.8% above the Business Services industry median of 8.10. HRnetGroup's overall GF Score™ is 74/100 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 HRnetGroup (SGX:CHZ), the current ROE % is 11.65% 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 HRnetGroup (SGX:CHZ) Overvalued in 2026?

Based on GuruFocus' analysis, HRnetGroup stock appears to be undervalued. The current stock price of S$0.74 is trading 0.7% below its estimated GF Value™ of S$0.74. GuruFocus considers HRnetGroup to be Fairly Valued.

Key valuation signals for SGX:CHZ:

  • ROE %: 11.65% (29% below median its 10-year median of 16.37)
  • GF Value™: S$0.74 vs. price of S$0.74 (0.7% below fair value)
  • GF Score™: 74/100 with 3 warning signs
  • Industry Position: 43.8% above the Business Services median (#346 of 1060)

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


HRnetGroup Business Description

Address 391A Orchard Road, Ngee Ann City Tower A, No. 23-03, Singapore, SGP, 238873
HRnetGroup Ltd is a provider of recruitment services. The company operates two core segments: Flexible Staffing (FS) and Professional Recruitment (PR). Both segments serve diversified sectors, covering a wide spectrum of industries. The Group provides professional recruitment services under its HRnetOne, PeopleSearch, PeopleFirst and SearchAsia brands, and flexible staffing solutions under its Recruit Express and RecruitFirst brands. The group also offer other services, such as payroll processing, human resource consulting and corporate training.
74GF Score

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

S$0.74
Price
S$0.74
GF Value