Frencken Group (SGX:E28) ROE %: 8.01% (As of Jun. 2026) — 37% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SGX:E28 Frencken Group Ltd SGX:E28
70 GF Score
Price S$2.67
GF Value S$1.51
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Frencken Group ROE %?

Frencken Group SGX:E28 -3.26% 70 ROE % is 8.01% as of Jun. 2026, which is 37% below its 10-year median of 12.62. GuruFocus rates SGX:E28 with a GF Score™ of 70/100 and a GF Value™ of S$1.51 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,430 Hardware companies, Frencken Group ranks better than 64.81% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Frencken Group's annualized net income for the quarter that ended in Jun. 2026 was S$38.5 Mil. Frencken Group's average Total Stockholders Equity over the quarter that ended in Jun. 2026 was S$481.0 Mil. Therefore, Frencken Group's annualized ROE % for the quarter that ended in Jun. 2026 was 8.01%.

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

SGX:E28' s ROE % Range Over the Past 10 Years
Min: 7.64   Med: 12.62   Max: 16.54
Current: 8.21

During the past 13 years, Frencken Group's highest ROE % was 16.54%. The lowest was 7.64%. And the median was 12.62%.

SGX:E28's ROE % is ranked better than
64.81% of 2430 companies
in the Hardware industry
Industry Median: 4.675 vs SGX:E28: 8.21

Frencken Group  (SGX:E28) 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: Jun. 2026 )
=Net Income/Total Stockholders Equity
=38.544/480.959
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(38.544 / 855.602)*(855.602 / 762.198)*(762.198 / 480.959)
=Net Margin %*Asset Turnover*Equity Multiplier
=4.5 %*1.1225*1.5847
=ROA %*Equity Multiplier
=5.05 %*1.5847
=8.01 %

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: Jun. 2026 )
=Net Income/Total Stockholders Equity
=38.544/480.959
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (38.544 / 50.05) * (50.05 / 53.586) * (53.586 / 855.602) * (855.602 / 762.198) * (762.198 / 480.959)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7701 * 0.934 * 6.26 % * 1.1225 * 1.5847
=8.01 %

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


Frencken Group ROE % Related Terms


Frencken Group ROE % Historical Data

* Premium members only.

The historical data trend for Frencken Group'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.

Frencken Group ROE % Chart

Frencken Group 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 16.54 13.51 8.19 8.89 8.60

Frencken Group Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 8.94 8.99 9.09 8.35 8.01

SGX:E28 vs COHR, KEYS, GRMN: ROE % Comparison

For the Scientific & Technical Instruments subindustry, Frencken Group'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.


Frencken Group ROE % vs Hardware Industry

For the Hardware industry and Technology sector, Frencken Group's ROE % distribution charts can be found below:

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


SGX:E28
70GF Score
Frencken Group Ltd SGX:E28
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Frencken Group ROE % Calculation

Frencken Group'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 )
=39.12/( (433.964+475.29)/ 2 )
=39.12/454.627
=8.60 %

Frencken Group's annualized ROE % for the quarter that ended in Jun. 2026 is calculated as

ROE %=Net Income (Q: Jun. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Jun. 2026 ))/ count )
=38.544/( (475.29+486.628)/ 2 )
=38.544/480.959
=8.01 %

* 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 (Jun. 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 8.01% mean?
Frencken Group (SGX:E28) has a ROE % of 8.01% as of Jun. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Frencken Group and its competitors. This is 37% below median its historical median of 12.62. Over the past decade, Frencken Group's ROE % has ranged from 7.64 to 16.54. According to the industry distribution chart, Frencken Group ranks #855 out of 2430 companies in the Hardware industry, placing it in the top 35.2%.
Is Frencken Group's ROE % too high?
Frencken Group's current ROE % of 8.01% is 37% below median its 10-year median of 12.62. Over the past 10 years, this metric has ranged from a low of 7.64 to a high of 16.54. The Hardware industry median ROE % is 4.68. Frencken Group's value of 8.01% is 71.3% above this industry median. Based on the distribution chart, Frencken Group ranks #855 out of 2430 companies in the Hardware industry, which is above the industry midpoint. Overall, Frencken Group has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Frencken Group's ROE % compare to COHR and KEYS?
According to the Hardware industry distribution chart, Frencken Group ranks #855 out of 2430 companies for ROE %. This puts Frencken Group in the upper half of its industry. The industry median ROE % is 4.68. Frencken Group's value of 8.01% is 71.3% above this benchmark. Historically, Frencken Group's own ROE % has ranged from 7.64 to 16.54 over the past decade. While the company's 10-year median is 12.62 vs. the industry median of 4.68, Frencken Group 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 Hardware company?
The median ROE % among Hardware companies is 4.68, based on 2,430 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. Frencken Group's current ROE % of 8.01% is 71.3% 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 Frencken Group and its competitors. For the Hardware industry, the median ROE % is 4.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Frencken Group's current ROE % is 8.01%, which is 37% below median its own 10-year median of 12.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Frencken Group stock overvalued right now?
Based on GuruFocus' analysis, Frencken Group (SGX:E28) is currently considered Significantly Overvalued. The stock's GF Value™ is S$1.51, compared to a current price of S$2.67 — trading 76.8% above its estimated fair value. The current ROE % is 8.01%, which is 37% below median its 10-year median of 12.62 and 71.3% above the Hardware industry median of 4.68. Frencken Group's overall GF Score™ is 70/100 with 4 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 Frencken Group (SGX:E28), the current ROE % is 8.01% as of Jun. 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 Frencken Group (SGX:E28) Overvalued in 2026?

Based on GuruFocus' analysis, Frencken Group stock appears to be overvalued. The current stock price of S$2.67 is trading 76.8% above its estimated GF Value™ of S$1.51. GuruFocus considers Frencken Group to be Significantly Overvalued.

Key valuation signals for SGX:E28:

  • ROE %: 8.01% (37% below median its 10-year median of 12.62)
  • GF Value™: S$1.51 vs. price of S$2.67 (76.8% above fair value)
  • GF Score™: 70/100 with 4 warning signs
  • Industry Position: 71.3% above the Hardware median (#855 of 2430)

No single metric tells the full story. See the SGX:E28 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Frencken Group Business Description

Address No. 25 Lebuh Light, Suite 2.1, Level 2, Wisma Great Eastern, George Town, PNG, MYS, 10200
Frencken Group Ltd is a Singapore-based Integrated Technology Solutions Company. The company has two principal business segments: i) Mechatronics - specialising in the design and manufacture of complex electro-mechanical assemblies and automation systems for original equipment manufacturers. ii) Advanced Plastics Solutions - specialising in the manufacture of plastic components (including design and fabrication of mould) for assembly into modules and finished products. It also designs and manufactures oil filters. The majority of the company's revenue is derived from the Mechatronics segment. The company operates in four principal geographical areas - The Netherlands, People's Republic of China, Malaysia and Singapore, with the maximum revenue generated from The Netherlands.
70GF Score

Get the complete analysis for SGX:E28

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

S$2.67
Price
S$1.51
GF Value