Tat Seng Packaging Group (SGX:T12) ROE %: 9.51% (As of Dec. 2025) — 23% Below Median

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SGX:T12 Tat Seng Packaging Group Ltd SGX:T12
49 GF Score
Price S$1.00
GF Value S$0.64
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Tat Seng Packaging Group ROE %?

Tat Seng Packaging Group SGX:T12 -1.49% 49 ROE % is 9.51% as of Dec. 2025, which is 23% below its 10-year median of 12.41. GuruFocus rates SGX:T12 with a GF Score™ of 49/100 and a GF Value™ of S$0.64 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 397 Packaging & Containers companies, Tat Seng Packaging Group ranks better than 63.22% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Tat Seng Packaging Group's annualized net income for the quarter that ended in Dec. 2025 was S$19.6 Mil. Tat Seng Packaging Group's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was S$206.0 Mil. Therefore, Tat Seng Packaging Group's annualized ROE % for the quarter that ended in Dec. 2025 was 9.51%.

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

SGX:T12' s ROE % Range Over the Past 10 Years
Min: 8.16   Med: 12.41   Max: 18.36
Current: 8.24

During the past 13 years, Tat Seng Packaging Group's highest ROE % was 18.36%. The lowest was 8.16%. And the median was 12.41%.

SGX:T12's ROE % is ranked better than
63.22% of 397 companies
in the Packaging & Containers industry
Industry Median: 5.42 vs SGX:T12: 8.24

Tat Seng Packaging Group  (SGX:T12) 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
=19.586/206.035
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(19.586 / 240.614)*(240.614 / 320.5815)*(320.5815 / 206.035)
=Net Margin %*Asset Turnover*Equity Multiplier
=8.14 %*0.7506*1.556
=ROA %*Equity Multiplier
=6.11 %*1.556
=9.51 %

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
=19.586/206.035
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (19.586 / 24.718) * (24.718 / 19.208) * (19.208 / 240.614) * (240.614 / 320.5815) * (320.5815 / 206.035)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7924 * 1.2869 * 7.98 % * 0.7506 * 1.556
=9.51 %

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.


Tat Seng Packaging Group ROE % Related Terms


Tat Seng Packaging Group ROE % Historical Data

* Premium members only.

The historical data trend for Tat Seng Packaging 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.

Tat Seng Packaging Group ROE % Chart

Tat Seng Packaging 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 13.59 11.22 10.01 9.56 8.16

Tat Seng Packaging Group 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 11.06 10.38 8.67 7.04 9.51

SGX:T12 vs SW, PKG, IP: ROE % Comparison

For the Packaging & Containers subindustry, Tat Seng Packaging 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.


Tat Seng Packaging Group ROE % vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Tat Seng Packaging Group's ROE % distribution charts can be found below:

* The bar in red indicates where Tat Seng Packaging Group's ROE % falls into.


SGX:T12
49GF Score
Tat Seng Packaging Group Ltd SGX:T12
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tat Seng Packaging Group ROE % Calculation

Tat Seng Packaging 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 )
=16.887/( (202.407+211.564)/ 2 )
=16.887/206.9855
=8.16 %

Tat Seng Packaging Group'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 )
=19.586/( (200.506+211.564)/ 2 )
=19.586/206.035
=9.51 %

* 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 9.51% mean?
Tat Seng Packaging Group (SGX:T12) has a ROE % of 9.51% 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 Tat Seng Packaging Group and its competitors. This is 23% below median its historical median of 12.41. Over the past decade, Tat Seng Packaging Group's ROE % has ranged from 8.16 to 18.36. According to the industry distribution chart, Tat Seng Packaging Group ranks #146 out of 397 companies in the Packaging & Containers industry, placing it in the top 36.8%.
Is Tat Seng Packaging Group's ROE % too high?
Tat Seng Packaging Group's current ROE % of 9.51% is 23% below median its 10-year median of 12.41. Over the past 10 years, this metric has ranged from a low of 8.16 to a high of 18.36. The Packaging & Containers industry median ROE % is 5.42. Tat Seng Packaging Group's value of 9.51% is 75.5% above this industry median. Based on the distribution chart, Tat Seng Packaging Group ranks #146 out of 397 companies in the Packaging & Containers industry, which is above the industry midpoint. Overall, Tat Seng Packaging Group has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tat Seng Packaging Group's ROE % compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Tat Seng Packaging Group ranks #146 out of 397 companies for ROE %. This puts Tat Seng Packaging Group in the upper half of its industry. The industry median ROE % is 5.42. Tat Seng Packaging Group's value of 9.51% is 75.5% above this benchmark. Historically, Tat Seng Packaging Group's own ROE % has ranged from 8.16 to 18.36 over the past decade. While the company's 10-year median is 12.41 vs. the industry median of 5.42, Tat Seng Packaging 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 Packaging & Containers company?
The median ROE % among Packaging & Containers companies is 5.42, based on 397 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. Tat Seng Packaging Group's current ROE % of 9.51% is 75.5% 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 Tat Seng Packaging Group and its competitors. For the Packaging & Containers industry, the median ROE % is 5.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tat Seng Packaging Group's current ROE % is 9.51%, which is 23% below median its own 10-year median of 12.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tat Seng Packaging Group stock overvalued right now?
Based on GuruFocus' analysis, Tat Seng Packaging Group (SGX:T12) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.64, compared to a current price of S$1.00 — trading 55.5% above its estimated fair value. The current ROE % is 9.51%, which is 23% below median its 10-year median of 12.41 and 75.5% above the Packaging & Containers industry median of 5.42. Tat Seng Packaging Group's overall GF Score™ is 49/100 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 Tat Seng Packaging Group (SGX:T12), the current ROE % is 9.51% 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 Tat Seng Packaging Group (SGX:T12) Overvalued in 2026?

Based on GuruFocus' analysis, Tat Seng Packaging Group stock appears to be overvalued. The current stock price of S$1.00 is trading 55.5% above its estimated GF Value™ of S$0.64. GuruFocus considers Tat Seng Packaging Group to be Significantly Overvalued.

Key valuation signals for SGX:T12:

  • ROE %: 9.51% (23% below median its 10-year median of 12.41)
  • GF Value™: S$0.64 vs. price of S$1.00 (55.5% above fair value)
  • GF Score™: 49/100 with 3 warning signs
  • Industry Position: 75.5% above the Packaging & Containers median (#146 of 397)

No single metric tells the full story. See the SGX:T12 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tat Seng Packaging Group Business Description

Address 28 Senoko Drive, Singapore, SGP, 758214
Tat Seng Packaging Group Ltd is engaged in manufacturing and sales of corrugated paper products and other packaging products. The company designs, manufactures and sells corrugated paper packaging products for the packing of a diverse variety of items according to customers' specifications. Its key products include corrugated paper boards, corrugated paper cartons, die-cut boxes, assembly cartons and heavy duty corrugated paper products. It also carries and sells a range of other packaging related products. Its segments include Singapore and PRC with majority of the revenue deriving from PRC.
49GF Score

Get the complete analysis for SGX:T12

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

S$1.00
Price
S$0.64
GF Value