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Sincere NavigationTPE:2605 -1.26%84 ROE % is 13.35% as of Dec. 2025, which is 346% above its 10-year median of 2.99. GuruFocus rates TPE:2605 with a GF Score™ of 84/100 and a GF Value™ of NT$28.06 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 986 Transportation companies, Sincere Navigation ranks worse than 64.3% on this metric.
The historical rank and industry rank for Sincere Navigation's ROE % or its related term are showing as below:
TPE:2605'
s ROE % Range Over the Past 10 Years
Min: 0.4 Med: 2.99 Max: 8.78
Current: 4.98
During the past 13 years, Sincere Navigation's highest ROE % was 8.78%. The lowest was 0.40%. And the median was 2.99%.
TPE:2605's ROE % is ranked worse than 64.3% of 986
companies
in the Transportation industry
Industry Median: 7.61
vs TPE:2605: 4.98
Sincere Navigation (TPE:2605) 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:
Note:
The net income data used here is four times the quarterly (Dec. 2025) net income data. The Revenue data used here is four times the quarterly (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.
Sincere Navigation ROE % Related Terms
Sincere Navigation ROE % Historical Data
* Premium members only.
The historical data trend for Sincere Navigation'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 Marine Shipping subindustry, Sincere Navigation'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.
Sincere Navigation ROE % vs Transportation Industry
For the Transportation industry and Industrials sector, Sincere Navigation's ROE % distribution charts can be found below:
* The bar in red indicates where Sincere Navigation'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 four times the quarterly (Dec. 2025) net income data.
ROE % is displayed in the 30-year financial page.
Sincere Navigation (TPE:2605) has a ROE % of 13.35% 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 Sincere Navigation and its competitors. This is 346% above median its historical median of 2.99. Over the past decade, Sincere Navigation's ROE % has ranged from 0.40 to 8.78. According to the industry distribution chart, Sincere Navigation ranks #634 out of 986 companies in the Transportation industry, placing it in the top 64.3%.
Is Sincere Navigation's ROE % too high?
Sincere Navigation's current ROE % of 13.35% is 346% above median its 10-year median of 2.99. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 8.78. The Transportation industry median ROE % is 7.61. Sincere Navigation's value of 13.35% is 75.4% above this industry median. Based on the distribution chart, Sincere Navigation ranks #634 out of 986 companies in the Transportation industry, which is below the industry midpoint. Overall, Sincere Navigation has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sincere Navigation's ROE % compare to competitors?
According to the Transportation industry distribution chart, Sincere Navigation ranks #634 out of 986 companies for ROE %. This places Sincere Navigation in the lower half of its industry. The industry median ROE % is 7.61. Sincere Navigation's value of 13.35% is 75.4% above this benchmark. Historically, Sincere Navigation's own ROE % has ranged from 0.40 to 8.78 over the past decade. While the company's 10-year median is 2.99 vs. the industry median of 7.61, Sincere Navigation 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 Transportation company?
The median ROE % among Transportation companies is 7.61, based on 986 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. Sincere Navigation's current ROE % of 13.35% is 75.4% 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 Sincere Navigation and its competitors. For the Transportation industry, the median ROE % is 7.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sincere Navigation's current ROE % is 13.35%, which is 346% above median its own 10-year median of 2.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sincere Navigation stock overvalued right now?
Based on GuruFocus' analysis, Sincere Navigation (TPE:2605) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$28.06, compared to a current price of NT$31.25 — trading 11.4% above its estimated fair value. The current ROE % is 13.35%, which is 346% above median its 10-year median of 2.99 and 75.4% above the Transportation industry median of 7.61. Sincere Navigation's overall GF Score™ is 84/100 with 7 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 Sincere Navigation (TPE:2605), the current ROE % is 13.35% 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 Sincere Navigation (TPE:2605) Overvalued in 2026?
Based on GuruFocus' analysis, Sincere Navigation stock appears to be overvalued.
The current stock price of NT$31.25 is trading 11.4% above its estimated GF Value™ of NT$28.06.
GuruFocus considers Sincere Navigation to be Modestly Overvalued.
Key valuation signals for TPE:2605:
ROE %: 13.35% (346% above median its 10-year median of 2.99)
GF Value™: NT$28.06 vs. price of NT$31.25 (11.4% above fair value)
Industry Position: 75.4% above the Transportation median (#634 of 986)
No single metric tells the full story. See the TPE:2605 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sincere Navigation Corp is a bulk shipping transportation company in Taiwan. The company's main business line is to provide an integrated shipping solution. It provides a consistent, high-quality transportation service to customers around the world in key industries such as coal and iron ore mining, steel, energy, and paper. It provides tug and barge services. Its segment includes the Bulk carrier and Oil tanker segments. It derives the majority of the revenue from the Bulk carrier segment.
84GF Score
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