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.
Harmony Capital ServicesBOM:530055 44 Return-on-Tangible-Equity is 489.44% as of Jun. 2026, which is 132181% above its 10-year median of 0.37. GuruFocus rates BOM:530055 with a GF Score™ of 44/100 and a GF Value™ of ₹331.36 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 782 Capital Markets companies, Harmony Capital Services ranks better than 95.65% 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. Harmony Capital Services's annualized net income for the quarter that ended in Jun. 2026 was ₹49.08 Mil. Harmony Capital Services's average shareholder tangible equity for the quarter that ended in Jun. 2026 was ₹10.03 Mil. Therefore, Harmony Capital Services's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was 489.44%.
The historical rank and industry rank for Harmony Capital Services's Return-on-Tangible-Equity or its related term are showing as below:
BOM:530055'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -58.2 Med: 0.37 Max: 188.27
Current: 188.27
During the past 13 years, Harmony Capital Services's highest Return-on-Tangible-Equity was 188.27%. The lowest was -58.20%. And the median was 0.37%.
BOM:530055's Return-on-Tangible-Equity is ranked better than 95.65% of 782
companies
in the Capital Markets industry
Industry Median: 6.54
vs BOM:530055: 188.27
Harmony Capital Services (BOM:530055) 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.
Harmony Capital Services Return-on-Tangible-Equity Related Terms
Harmony Capital Services Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Harmony Capital Services'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.
Harmony Capital Services Return-on-Tangible-Equity Chart
BOM:530055 vs MS, GS, SCHW: Return-on-Tangible-Equity Comparison
For the Capital Markets subindustry, Harmony Capital Services'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.
Harmony Capital Services Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Harmony Capital Services's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Harmony Capital Services'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 489.44% mean?
Harmony Capital Services (BOM:530055) has a Return-on-Tangible-Equity of 489.44% 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 Harmony Capital Services and its competitors. This is 132181% above median its historical median of 0.37. According to the industry distribution chart, Harmony Capital Services ranks #34 out of 782 companies in the Capital Markets industry, placing it in the top 4.3%.
Is Harmony Capital Services' Return-on-Tangible-Equity too high?
Harmony Capital Services' current Return-on-Tangible-Equity of 489.44% is 132181% above median its 10-year median of 0.37. The Capital Markets industry median Return-on-Tangible-Equity is 6.54. Harmony Capital Services' value of 489.44% is 7383.8% above this industry median. Based on the distribution chart, Harmony Capital Services ranks #34 out of 782 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Harmony Capital Services has a GF Score™ of 44/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Harmony Capital Services' Return-on-Tangible-Equity compare to MS and GS?
According to the Capital Markets industry distribution chart, Harmony Capital Services ranks #34 out of 782 companies for Return-on-Tangible-Equity. This places Harmony Capital Services in the top 4% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.54. Harmony Capital Services' value of 489.44% is 7383.8% above this benchmark. While the company's 10-year median is 0.37 vs. the industry median of 6.54, Harmony Capital Services 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 Capital Markets company?
The median Return-on-Tangible-Equity among Capital Markets companies is 6.54, based on 782 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. Harmony Capital Services's current Return-on-Tangible-Equity of 489.44% is 7383.8% 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 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 Harmony Capital Services and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harmony Capital Services's current Return-on-Tangible-Equity is 489.44%, which is 132181% above median its own 10-year median of 0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harmony Capital Services stock overvalued right now?
Based on GuruFocus' analysis, Harmony Capital Services (BOM:530055) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹331.36, compared to a current price of ₹97.84 — trading 70.5% below its estimated fair value. The current Return-on-Tangible-Equity is 489.44%, which is 132181% above median its 10-year median of 0.37 and 7383.8% above the Capital Markets industry median of 6.54. Harmony Capital Services' overall GF Score™ is 44/100 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 Harmony Capital Services (BOM:530055), the current Return-on-Tangible-Equity is 489.44% 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 Harmony Capital Services (BOM:530055) Overvalued in 2026?
Based on GuruFocus' analysis, Harmony Capital Services stock appears to be undervalued.
The current stock price of ₹97.84 is trading 70.5% below its estimated GF Value™ of ₹331.36.
GuruFocus considers Harmony Capital Services to be Significantly Undervalued.
Key valuation signals for BOM:530055:
Return-on-Tangible-Equity: 489.44% (132181% above median its 10-year median of 0.37)
GF Value™: ₹331.36 vs. price of ₹97.84 (70.5% below fair value)
Industry Position: 7383.8% above the Capital Markets median (#34 of 782)
No single metric tells the full story. See the BOM:530055 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harmony Capital Services Ltd is a financial services company. The Company is engaged in investment activities and other financial services for corporations and individuals. The services include financial consultancy, lease and hire purchase syndication, bill discounting, inter-corporate deposits, capital structuring, mergers, acquisitions, and divestments, consultancy to the public, loan syndication with banks and financial institutions, and investment banking, among others.
44GF Score
Get the complete analysis for BOM:530055
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:530055 has been successfully added to your 
