IPD GroupASX:IPG -0.70%67 Return-on-Tangible-Equity is 38.82% as of Dec. 2025, which is 27% above its 10-year median of 30.52. GuruFocus rates ASX:IPG with a GF Score™ of 67/100 and a GF Value™ of A$5.93 (Fairly Valued). The stock has 4 warning signs investors should review. Among 2,971 Industrial Products companies, IPD Group ranks better than 93% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. IPD Group's annualized net income for the quarter that ended in Dec. 2025 was A$28.1 Mil. IPD Group's average shareholder tangible equity for the quarter that ended in Dec. 2025 was A$72.4 Mil. Therefore, IPD Group's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 38.82%.
The historical rank and industry rank for IPD Group's Return-on-Tangible-Equity or its related term are showing as below:
ASX:IPG'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 22.74 Med: 30.52 Max: 35.94
Current: 35.94
During the past 5 years, IPD Group's highest Return-on-Tangible-Equity was 35.94%. The lowest was 22.74%. And the median was 30.52%.
ASX:IPG's Return-on-Tangible-Equity is ranked better than 93% of 2971
companies
in the Industrial Products industry
Industry Median: 6.74
vs ASX:IPG: 35.94
IPD Group (ASX:IPG) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity 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 Return-on-Tangible-Equitys can be extremely high.
IPD Group Return-on-Tangible-Equity Related Terms
IPD Group Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for IPD Group's Return-on-Tangible-Equity 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.
ASX:IPG vs GEV, ETN, PH: Return-on-Tangible-Equity Comparison
For the Specialty Industrial Machinery subindustry, IPD Group's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
IPD Group Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, IPD Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where IPD Group's Return-on-Tangible-Equity 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 Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 38.82% mean?
IPD Group (ASX:IPG) has a Return-on-Tangible-Equity of 38.82% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on IPD Group and its competitors. This is 27% above median its historical median of 30.52. Over the past decade, IPD Group's Return-on-Tangible-Equity has ranged from 22.74 to 35.94. According to the industry distribution chart, IPD Group ranks #208 out of 2971 companies in the Industrial Products industry, placing it in the top 7%.
Is IPD Group's Return-on-Tangible-Equity too high?
IPD Group's current Return-on-Tangible-Equity of 38.82% is 27% above median its 10-year median of 30.52. Over the past 10 years, this metric has ranged from a low of 22.74 to a high of 35.94. The Industrial Products industry median Return-on-Tangible-Equity is 6.74. IPD Group's value of 38.82% is 476% above this industry median. Based on the distribution chart, IPD Group ranks #208 out of 2971 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, IPD Group has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does IPD Group's Return-on-Tangible-Equity compare to GEV and ETN?
According to the Industrial Products industry distribution chart, IPD Group ranks #208 out of 2971 companies for Return-on-Tangible-Equity. This places IPD Group in the top 7% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.74. IPD Group's value of 38.82% is 476% above this benchmark. Historically, IPD Group's own Return-on-Tangible-Equity has ranged from 22.74 to 35.94 over the past decade. While the company's 10-year median is 30.52 vs. the industry median of 6.74, IPD 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 Return-on-Tangible-Equity for an Industrial Products company?
The median Return-on-Tangible-Equity among Industrial Products companies is 6.74, based on 2,971 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. IPD Group's current Return-on-Tangible-Equity of 38.82% is 476% 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on IPD Group and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IPD Group's current Return-on-Tangible-Equity is 38.82%, which is 27% above median its own 10-year median of 30.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IPD Group stock overvalued right now?
Based on GuruFocus' analysis, IPD Group (ASX:IPG) is currently considered Fairly Valued. The stock's GF Value™ is A$5.93, compared to a current price of A$5.68 — trading 4.2% below its estimated fair value. The current Return-on-Tangible-Equity is 38.82%, which is 27% above median its 10-year median of 30.52 and 476% above the Industrial Products industry median of 6.74. IPD Group's overall GF Score™ is 67/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For IPD Group (ASX:IPG), the current Return-on-Tangible-Equity is 38.82% 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 IPD Group (ASX:IPG) Overvalued in 2026?
Based on GuruFocus' analysis, IPD Group stock appears to be undervalued.
The current stock price of A$5.68 is trading 4.2% below its estimated GF Value™ of A$5.93.
GuruFocus considers IPD Group to be Fairly Valued.
Key valuation signals for ASX:IPG:
Return-on-Tangible-Equity: 38.82% (27% above median its 10-year median of 30.52)
GF Value™: A$5.93 vs. price of A$5.68 (4.2% below fair value)
Industry Position: 476% above the Industrial Products median (#208 of 2971)
No single metric tells the full story. See the ASX:IPG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IPD Group Ltd is a national distributor and service provider to the Australian electrical market. Its operating segment includes the Products division and Services division. The majority of the company's revenue is generated from its Products division, which is focused on the sale of electrical infrastructure products to customers, including switchboard manufacturers, electrical wholesalers, electrical contractors, power utilities, OEMs, and system integrators. It offers products across various categories such as power distribution, industrial and motor control, power monitoring, and electrical cables and cable plugs, among others. The Services division provides various services, including installation and commissioning, calibration and testing, maintenance and repairs, and refurbishment.
67GF Score
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