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Fine-Line CircuitsBOM:517264 +0.95%55 Return-on-Tangible-Equity is 7.26% as of Jun. 2026, which is 566% above its 10-year median of 1.09. GuruFocus rates BOM:517264 with a GF Score™ of 55/100 and a GF Value™ of ₹109.16 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 2,376 Hardware companies, Fine-Line Circuits ranks worse than 66.67% 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. Fine-Line Circuits's annualized net income for the quarter that ended in Jun. 2026 was ₹6.6 Mil. Fine-Line Circuits's average shareholder tangible equity for the quarter that ended in Jun. 2026 was ₹91.2 Mil. Therefore, Fine-Line Circuits's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was 7.26%.
The historical rank and industry rank for Fine-Line Circuits's Return-on-Tangible-Equity or its related term are showing as below:
BOM:517264'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -1.22 Med: 1.09 Max: 11.13
Current: 1.33
During the past 13 years, Fine-Line Circuits's highest Return-on-Tangible-Equity was 11.13%. The lowest was -1.22%. And the median was 1.09%.
BOM:517264's Return-on-Tangible-Equity is ranked worse than 66.67% of 2376
companies
in the Hardware industry
Industry Median: 6.39
vs BOM:517264: 1.33
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.
Fine-Line Circuits Return-on-Tangible-Equity Related Terms
Fine-Line Circuits Return-on-Tangible-Equity Historical Data
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The historical data trend for Fine-Line Circuits'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.
BOM:517264 vs APH, GLW, TEL: Return-on-Tangible-Equity Comparison
For the Electronic Components subindustry, Fine-Line Circuits'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.
Fine-Line Circuits Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Fine-Line Circuits's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Fine-Line Circuits'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 (Jun. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 7.26% mean?
Fine-Line Circuits (BOM:517264) has a Return-on-Tangible-Equity of 7.26% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Fine-Line Circuits and its competitors. This is 566% above median its historical median of 1.09. According to the industry distribution chart, Fine-Line Circuits ranks #1584 out of 2376 companies in the Hardware industry, placing it in the top 66.7%.
Is Fine-Line Circuits' Return-on-Tangible-Equity too high?
Fine-Line Circuits' current Return-on-Tangible-Equity of 7.26% is 566% above median its 10-year median of 1.09. The Hardware industry median Return-on-Tangible-Equity is 6.39. Fine-Line Circuits' value of 7.26% is 13.6% above this industry median. Based on the distribution chart, Fine-Line Circuits ranks #1584 out of 2376 companies in the Hardware industry, which is below the industry midpoint. Overall, Fine-Line Circuits has a GF Score™ of 55/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fine-Line Circuits' Return-on-Tangible-Equity compare to APH and GLW?
According to the Hardware industry distribution chart, Fine-Line Circuits ranks #1584 out of 2376 companies for Return-on-Tangible-Equity. This places Fine-Line Circuits in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.39. Fine-Line Circuits' value of 7.26% is 13.6% above this benchmark. While the company's 10-year median is 1.09 vs. the industry median of 6.39, Fine-Line Circuits 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 6.39, based on 2,376 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. Fine-Line Circuits's current Return-on-Tangible-Equity of 7.26% is 13.6% 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 Fine-Line Circuits and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 6.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fine-Line Circuits's current Return-on-Tangible-Equity is 7.26%, which is 566% above median its own 10-year median of 1.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fine-Line Circuits stock overvalued right now?
Based on GuruFocus' analysis, Fine-Line Circuits (BOM:517264) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹109.16, compared to a current price of ₹65.73 — trading 39.8% below its estimated fair value. The current Return-on-Tangible-Equity is 7.26%, which is 566% above median its 10-year median of 1.09 and 13.6% above the Hardware industry median of 6.39. Fine-Line Circuits' overall GF Score™ is 55/100 with 2 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 Fine-Line Circuits (BOM:517264), the current Return-on-Tangible-Equity is 7.26% as of Jun. 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 Fine-Line Circuits (BOM:517264) Overvalued in 2026?
Based on GuruFocus' analysis, Fine-Line Circuits stock appears to be undervalued.
The current stock price of ₹65.73 is trading 39.8% below its estimated GF Value™ of ₹109.16.
GuruFocus considers Fine-Line Circuits to be Significantly Undervalued.
Key valuation signals for BOM:517264:
Return-on-Tangible-Equity: 7.26% (566% above median its 10-year median of 1.09)
GF Value™: ₹109.16 vs. price of ₹65.73 (39.8% below fair value)
Industry Position: 13.6% above the Hardware median (#1584 of 2376)
No single metric tells the full story. See the BOM:517264 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fine-Line Circuits Ltd is engaged in the production and distribution of electrical components and related products. The company's product portfolio includes products like Printed circuit boards (PCBs) which also contribute maximum revenue. Its products comprise High-frequency microwave PCBs, Multilayer PCBs, High copper PCBs, Backplane PCBs, and Impedance-controlled PCBs. Geographically company generates revenue from the sale of PCBs from both India as well as exports outside India.
55GF Score
Get the complete analysis for BOM:517264
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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