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PNB GiltsBOM:532366 +1.16%81 Return-on-Tangible-Equity is 18.88% as of Jun. 2026, which is 62% above its 10-year median of 11.62. GuruFocus rates BOM:532366 with a GF Score™ of 81/100 and a GF Value™ of ₹99.06 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 778 Capital Markets companies, PNB Gilts ranks worse than 51.93% 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. PNB Gilts's annualized net income for the quarter that ended in Jun. 2026 was ₹3,228 Mil. PNB Gilts's average shareholder tangible equity for the quarter that ended in Jun. 2026 was ₹17,096 Mil. Therefore, PNB Gilts's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was 18.88%.
The historical rank and industry rank for PNB Gilts's Return-on-Tangible-Equity or its related term are showing as below:
BOM:532366'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -5.77 Med: 11.62 Max: 38.51
Current: 6.26
During the past 13 years, PNB Gilts's highest Return-on-Tangible-Equity was 38.51%. The lowest was -5.77%. And the median was 11.62%.
BOM:532366's Return-on-Tangible-Equity is ranked worse than 51.93% of 778
companies
in the Capital Markets industry
Industry Median: 6.93
vs BOM:532366: 6.26
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.
PNB Gilts Return-on-Tangible-Equity Related Terms
PNB Gilts Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for PNB Gilts'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:532366 vs MS, GS, SCHW: Return-on-Tangible-Equity Comparison
For the Capital Markets subindustry, PNB Gilts'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.
PNB Gilts Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, PNB Gilts's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where PNB Gilts'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 18.88% mean?
PNB Gilts (BOM:532366) has a Return-on-Tangible-Equity of 18.88% 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 PNB Gilts and its competitors. This is 62% above median its historical median of 11.62. According to the industry distribution chart, PNB Gilts ranks #404 out of 778 companies in the Capital Markets industry, placing it in the top 51.9%.
Is PNB Gilts' Return-on-Tangible-Equity too high?
PNB Gilts' current Return-on-Tangible-Equity of 18.88% is 62% above median its 10-year median of 11.62. The Capital Markets industry median Return-on-Tangible-Equity is 6.93. PNB Gilts' value of 18.88% is 172.4% above this industry median. Based on the distribution chart, PNB Gilts ranks #404 out of 778 companies in the Capital Markets industry, which is below the industry midpoint. Overall, PNB Gilts has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PNB Gilts' Return-on-Tangible-Equity compare to MS and GS?
According to the Capital Markets industry distribution chart, PNB Gilts ranks #404 out of 778 companies for Return-on-Tangible-Equity. This places PNB Gilts in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.93. PNB Gilts' value of 18.88% is 172.4% above this benchmark. While the company's 10-year median is 11.62 vs. the industry median of 6.93, PNB Gilts 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 6.93, based on 778 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. PNB Gilts's current Return-on-Tangible-Equity of 18.88% is 172.4% 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 PNB Gilts and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PNB Gilts's current Return-on-Tangible-Equity is 18.88%, which is 62% above median its own 10-year median of 11.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PNB Gilts stock overvalued right now?
Based on GuruFocus' analysis, PNB Gilts (BOM:532366) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹99.06, compared to a current price of ₹80.45 — trading 18.8% below its estimated fair value. The current Return-on-Tangible-Equity is 18.88%, which is 62% above median its 10-year median of 11.62 and 172.4% above the Capital Markets industry median of 6.93. PNB Gilts' overall GF Score™ is 81/100 with 6 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 PNB Gilts (BOM:532366), the current Return-on-Tangible-Equity is 18.88% 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 PNB Gilts (BOM:532366) Overvalued in 2026?
Based on GuruFocus' analysis, PNB Gilts stock appears to be undervalued.
The current stock price of ₹80.45 is trading 18.8% below its estimated GF Value™ of ₹99.06.
GuruFocus considers PNB Gilts to be Modestly Undervalued.
Key valuation signals for BOM:532366:
Return-on-Tangible-Equity: 18.88% (62% above median its 10-year median of 11.62)
GF Value™: ₹99.06 vs. price of ₹80.45 (18.8% below fair value)
Industry Position: 172.4% above the Capital Markets median (#404 of 778)
No single metric tells the full story. See the BOM:532366 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PNB Gilts Ltd is engaged in the activities of supporting government borrowing program via underwriting of government securities issuances and trade in a gamut of fixed income instruments such as Government securities, Treasury Bills, State Development Loans, Corporate Bonds, Interest Rate Swaps and various money market instruments such as Certificates of Deposits, Commercial Papers, and Others. Its services are Gilts account, Debt capital Market, and Retailing.
81GF Score
Get the complete analysis for BOM:532366
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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