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National FittingsBOM:531289 +3.67%73 Return-on-Tangible-Equity is 17.71% as of Jun. 2026, which is 91% above its 10-year median of 9.27. GuruFocus rates BOM:531289 with a GF Score™ of 73/100 and a GF Value™ of ₹177.58 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,719 Construction companies, National Fittings ranks better than 62.25% 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. National Fittings's annualized net income for the quarter that ended in Jun. 2026 was ₹157.6 Mil. National Fittings's average shareholder tangible equity for the quarter that ended in Jun. 2026 was ₹890.0 Mil. Therefore, National Fittings's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was 17.70%.
The historical rank and industry rank for National Fittings's Return-on-Tangible-Equity or its related term are showing as below:
BOM:531289'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.62 Med: 9.27 Max: 44.1
Current: 12.29
During the past 13 years, National Fittings's highest Return-on-Tangible-Equity was 44.10%. The lowest was 2.62%. And the median was 9.27%.
BOM:531289's Return-on-Tangible-Equity is ranked better than 62.25% of 1719
companies
in the Construction industry
Industry Median: 8.27
vs BOM:531289: 12.29
National Fittings (BOM:531289) 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.
National Fittings Return-on-Tangible-Equity Related Terms
National Fittings Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for National Fittings'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:531289 vs TT, JCI, CARR: Return-on-Tangible-Equity Comparison
For the Building Products & Equipment subindustry, National Fittings'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.
National Fittings Return-on-Tangible-Equity vs Construction Industry
For the Construction industry and Industrials sector, National Fittings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where National Fittings'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 17.71% mean?
National Fittings (BOM:531289) has a Return-on-Tangible-Equity of 17.71% 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 National Fittings and its competitors. This is 91% above median its historical median of 9.27. Over the past decade, National Fittings' Return-on-Tangible-Equity has ranged from 2.62 to 44.10. According to the industry distribution chart, National Fittings ranks #649 out of 1719 companies in the Construction industry, placing it in the top 37.8%.
Is National Fittings' Return-on-Tangible-Equity too high?
National Fittings' current Return-on-Tangible-Equity of 17.71% is 91% above median its 10-year median of 9.27. Over the past 10 years, this metric has ranged from a low of 2.62 to a high of 44.10. The Construction industry median Return-on-Tangible-Equity is 8.27. National Fittings' value of 17.71% is 114.1% above this industry median. Based on the distribution chart, National Fittings ranks #649 out of 1719 companies in the Construction industry, which is above the industry midpoint. Overall, National Fittings has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Fittings' Return-on-Tangible-Equity compare to TT and JCI?
According to the Construction industry distribution chart, National Fittings ranks #649 out of 1719 companies for Return-on-Tangible-Equity. This puts National Fittings in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.27. National Fittings' value of 17.71% is 114.1% above this benchmark. Historically, National Fittings' own Return-on-Tangible-Equity has ranged from 2.62 to 44.10 over the past decade. While the company's 10-year median is 9.27 vs. the industry median of 8.27, National Fittings 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 Construction company?
The median Return-on-Tangible-Equity among Construction companies is 8.27, based on 1,719 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. National Fittings's current Return-on-Tangible-Equity of 17.71% is 114.1% 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 National Fittings and its competitors. For the Construction industry, the median Return-on-Tangible-Equity is 8.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Fittings's current Return-on-Tangible-Equity is 17.71%, which is 91% above median its own 10-year median of 9.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Fittings stock overvalued right now?
Based on GuruFocus' analysis, National Fittings (BOM:531289) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹177.58, compared to a current price of ₹258.60 — trading 45.6% above its estimated fair value. The current Return-on-Tangible-Equity is 17.71%, which is 91% above median its 10-year median of 9.27 and 114.1% above the Construction industry median of 8.27. National Fittings' overall GF Score™ is 73/100 with 7 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 National Fittings (BOM:531289), the current Return-on-Tangible-Equity is 17.71% 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 National Fittings (BOM:531289) Overvalued in 2026?
Based on GuruFocus' analysis, National Fittings stock appears to be overvalued.
The current stock price of ₹258.60 is trading 45.6% above its estimated GF Value™ of ₹177.58.
GuruFocus considers National Fittings to be Significantly Overvalued.
Key valuation signals for BOM:531289:
Return-on-Tangible-Equity: 17.71% (91% above median its 10-year median of 9.27)
GF Value™: ₹177.58 vs. price of ₹258.60 (45.6% above fair value)
Industry Position: 114.1% above the Construction median (#649 of 1719)
No single metric tells the full story. See the BOM:531289 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Fittings Ltd is a manufacturer and sells SG Iron Grooved and Screwed Pipe Fittings, Stainless Pipe Fittings, and Ball Valves for industrial and non-industrial applications. It has only one reportable business segment, which is Manufacturing of Pipe Fittings. Geographically, the company generates a majority of its revenue from exports of its products to other countries and the rest from its customers within India.
73GF Score
Get the complete analysis for BOM:531289
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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