Singapore ExchangeSPXCY +1.30%81 ROE % is 30.47% as of Dec. 2025, which is 10% below its 10-year median of 34.00. GuruFocus rates SPXCY with a GF Score™ of 81/100 and a GF Value™ of $20.31 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 791 Capital Markets companies, Singapore Exchange ranks better than 92.04% on this metric.
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.
Singapore Exchange ROE % Related Terms
Singapore Exchange ROE % Historical Data
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The historical data trend for Singapore Exchange'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 Financial Data & Stock Exchanges subindustry, Singapore Exchange'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.
Singapore Exchange ROE % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Singapore Exchange's ROE % distribution charts can be found below:
* The bar in red indicates where Singapore Exchange'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.
Singapore Exchange (SPXCY) has a ROE % of 30.47% 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 Singapore Exchange and its competitors. This is 10% below median its historical median of 34.00. Over the past decade, Singapore Exchange's ROE % has ranged from 29.95 to 40.40. According to the industry distribution chart, Singapore Exchange ranks #63 out of 791 companies in the Capital Markets industry, placing it in the top 8%.
Is Singapore Exchange's ROE % too high?
Singapore Exchange's current ROE % of 30.47% is 10% below median its 10-year median of 34.00. Over the past 10 years, this metric has ranged from a low of 29.95 to a high of 40.40. The Capital Markets industry median ROE % is 6.00. Singapore Exchange's value of 30.47% is 407.8% above this industry median. Based on the distribution chart, Singapore Exchange ranks #63 out of 791 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Singapore Exchange has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Singapore Exchange's ROE % compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Singapore Exchange ranks #63 out of 791 companies for ROE %. This places Singapore Exchange in the top 8% of its industry — outperforming the majority of peers. The industry median ROE % is 6.00. Singapore Exchange's value of 30.47% is 407.8% above this benchmark. Historically, Singapore Exchange's own ROE % has ranged from 29.95 to 40.40 over the past decade. While the company's 10-year median is 34.00 vs. the industry median of 6.00, Singapore Exchange 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 Capital Markets company?
The median ROE % among Capital Markets companies is 6.00, based on 791 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. Singapore Exchange's current ROE % of 30.47% is 407.8% 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 Singapore Exchange and its competitors. For the Capital Markets industry, the median ROE % is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Singapore Exchange's current ROE % is 30.47%, which is 10% below median its own 10-year median of 34.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Singapore Exchange stock overvalued right now?
Based on GuruFocus' analysis, Singapore Exchange (SPXCY) is currently considered Significantly Overvalued. The stock's GF Value™ is $20.31, compared to a current price of $37.47 — trading 84.5% above its estimated fair value. The current ROE % is 30.47%, which is 10% below median its 10-year median of 34.00 and 407.8% above the Capital Markets industry median of 6.00. Singapore Exchange's overall GF Score™ is 81/100 with 5 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 Singapore Exchange (SPXCY), the current ROE % is 30.47% 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 Singapore Exchange (SPXCY) Overvalued in 2026?
Based on GuruFocus' analysis, Singapore Exchange stock appears to be overvalued.
The current stock price of $37.47 is trading 84.5% above its estimated GF Value™ of $20.31.
GuruFocus considers Singapore Exchange to be Significantly Overvalued.
Key valuation signals for SPXCY:
ROE %: 30.47% (10% below median its 10-year median of 34.00)
GF Value™: $20.31 vs. price of $37.47 (84.5% above fair value)
Industry Position: 407.8% above the Capital Markets median (#63 of 791)
No single metric tells the full story. See the SPXCY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Singapore Exchange is a vertically integrated securities exchange business, offering listing-, data-, trading-, clearing- and settlement services across equities, debt and derivatives. Singapore Exchange, like Singapore itself, is remarkably outward-facing and offers some of the most liquid and widely traded equity derivative products for various regional markets, including the FTSE China A50 Index Futures.
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