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.
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.
Panasonic Carbon India CoBOM:508941 -0.23%71 Return-on-Tangible-Equity is 9.72% as of Mar. 2026, which is 22% below its 10-year median of 12.53. GuruFocus rates BOM:508941 with a GF Score™ of 71/100 and a GF Value™ of ₹511.01 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 2,384 Hardware companies, Panasonic Carbon India Co ranks better than 71.56% 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. Panasonic Carbon India Co's annualized net income for the quarter that ended in Mar. 2026 was ₹182.5 Mil. Panasonic Carbon India Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹1,876.8 Mil. Therefore, Panasonic Carbon India Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 9.72%.
The historical rank and industry rank for Panasonic Carbon India Co's Return-on-Tangible-Equity or its related term are showing as below:
BOM:508941'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 9.13 Med: 12.53 Max: 19
Current: 11.84
During the past 13 years, Panasonic Carbon India Co's highest Return-on-Tangible-Equity was 19.00%. The lowest was 9.13%. And the median was 12.53%.
BOM:508941's Return-on-Tangible-Equity is ranked better than 71.56% of 2384
companies
in the Hardware industry
Industry Median: 5.32
vs BOM:508941: 11.84
Panasonic Carbon India Co (BOM:508941) 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.
Panasonic Carbon India Co Return-on-Tangible-Equity Related Terms
Panasonic Carbon India Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Panasonic Carbon India Co'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.
Panasonic Carbon India Co Return-on-Tangible-Equity Chart
BOM:508941 vs APH, GLW, TEL: Return-on-Tangible-Equity Comparison
For the Electronic Components subindustry, Panasonic Carbon India Co'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.
Panasonic Carbon India Co Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Panasonic Carbon India Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Panasonic Carbon India Co'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 four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 9.72% mean?
Panasonic Carbon India Co (BOM:508941) has a Return-on-Tangible-Equity of 9.72% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Panasonic Carbon India Co and its competitors. This is 22% below median its historical median of 12.53. Over the past decade, Panasonic Carbon India Co's Return-on-Tangible-Equity has ranged from 9.13 to 19.00. According to the industry distribution chart, Panasonic Carbon India Co ranks #678 out of 2384 companies in the Hardware industry, placing it in the top 28.4%.
Is Panasonic Carbon India Co's Return-on-Tangible-Equity too high?
Panasonic Carbon India Co's current Return-on-Tangible-Equity of 9.72% is 22% below median its 10-year median of 12.53. Over the past 10 years, this metric has ranged from a low of 9.13 to a high of 19.00. The Hardware industry median Return-on-Tangible-Equity is 5.32. Panasonic Carbon India Co's value of 9.72% is 82.7% above this industry median. Based on the distribution chart, Panasonic Carbon India Co ranks #678 out of 2384 companies in the Hardware industry, which is above the industry midpoint. Overall, Panasonic Carbon India Co has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Panasonic Carbon India Co's Return-on-Tangible-Equity compare to APH and GLW?
According to the Hardware industry distribution chart, Panasonic Carbon India Co ranks #678 out of 2384 companies for Return-on-Tangible-Equity. This puts Panasonic Carbon India Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.32. Panasonic Carbon India Co's value of 9.72% is 82.7% above this benchmark. Historically, Panasonic Carbon India Co's own Return-on-Tangible-Equity has ranged from 9.13 to 19.00 over the past decade. While the company's 10-year median is 12.53 vs. the industry median of 5.32, Panasonic Carbon India Co 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 a Hardware company?
The median Return-on-Tangible-Equity among Hardware companies is 5.32, based on 2,384 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. Panasonic Carbon India Co's current Return-on-Tangible-Equity of 9.72% is 82.7% 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 Panasonic Carbon India Co and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Panasonic Carbon India Co's current Return-on-Tangible-Equity is 9.72%, which is 22% below median its own 10-year median of 12.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Panasonic Carbon India Co stock overvalued right now?
Based on GuruFocus' analysis, Panasonic Carbon India Co (BOM:508941) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹511.01, compared to a current price of ₹458.05 — trading 10.4% below its estimated fair value. The current Return-on-Tangible-Equity is 9.72%, which is 22% below median its 10-year median of 12.53 and 82.7% above the Hardware industry median of 5.32. Panasonic Carbon India Co's overall GF Score™ is 71/100 with 1 warning sign 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 Panasonic Carbon India Co (BOM:508941), the current Return-on-Tangible-Equity is 9.72% as of Mar. 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 Panasonic Carbon India Co (BOM:508941) Overvalued in 2026?
Based on GuruFocus' analysis, Panasonic Carbon India Co stock appears to be undervalued.
The current stock price of ₹458.05 is trading 10.4% below its estimated GF Value™ of ₹511.01.
GuruFocus considers Panasonic Carbon India Co to be Modestly Undervalued.
Key valuation signals for BOM:508941:
Return-on-Tangible-Equity: 9.72% (22% below median its 10-year median of 12.53)
GF Value™: ₹511.01 vs. price of ₹458.05 (10.4% below fair value)
Industry Position: 82.7% above the Hardware median (#678 of 2384)
No single metric tells the full story. See the BOM:508941 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Panasonic Carbon India Co Ltd is engaged in the manufacture of carbon rods/carbon electrodes, which are used as a key component in dry cell batteries, catering to both domestic and export markets, including supplies to Panasonic group companies. Its product is carbon rods. The Company operates a manufacturing facility in Nellore District, Andhra Pradesh, and supplies its products to battery manufacturers in India as well as to overseas customers. Geographically, the Company operates in India and the rest of the world, with India generating maximum revenue.
71GF Score
Get the complete analysis for BOM:508941
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BOM:508941 has been successfully added to your 
