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Variman Global EnterprisesBOM:540570 +0.26%61 Return-on-Tangible-Equity is 0.34% as of Mar. 2026, which is 92% below its 10-year median of 4.09. GuruFocus rates BOM:540570 with a GF Score™ of 61/100 and a GF Value™ of ₹16.50 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 2,487 Software companies, Variman Global Enterprises ranks worse than 53.16% 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. Variman Global Enterprises's annualized net income for the quarter that ended in Mar. 2026 was ₹2 Mil. Variman Global Enterprises's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹473 Mil. Therefore, Variman Global Enterprises's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 0.34%.
The historical rank and industry rank for Variman Global Enterprises's Return-on-Tangible-Equity or its related term are showing as below:
BOM:540570'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -15.12 Med: 4.09 Max: 7.76
Current: 7.32
During the past 13 years, Variman Global Enterprises's highest Return-on-Tangible-Equity was 7.76%. The lowest was -15.12%. And the median was 4.09%.
BOM:540570's Return-on-Tangible-Equity is ranked worse than 53.16% of 2487
companies
in the Software industry
Industry Median: 9.03
vs BOM:540570: 7.32
Variman Global Enterprises (BOM:540570) 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.
Variman Global Enterprises Return-on-Tangible-Equity Related Terms
Variman Global Enterprises Return-on-Tangible-Equity Historical Data
* 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.
Variman Global Enterprises Return-on-Tangible-Equity Chart
BOM:540570 vs QH, SHOP, UBER: Return-on-Tangible-Equity Comparison
For the Software - Application subindustry, Variman Global Enterprises'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.
Variman Global Enterprises Return-on-Tangible-Equity vs Software Industry
For the Software industry and Technology sector, Variman Global Enterprises's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Variman Global Enterprises'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 0.34% mean?
Variman Global Enterprises (BOM:540570) has a Return-on-Tangible-Equity of 0.34% 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 Variman Global Enterprises and its competitors. This is 92% below median its historical median of 4.09. According to the industry distribution chart, Variman Global Enterprises ranks #1322 out of 2487 companies in the Software industry, placing it in the top 53.2%.
Is Variman Global Enterprises' Return-on-Tangible-Equity too high?
Variman Global Enterprises' current Return-on-Tangible-Equity of 0.34% is 92% below median its 10-year median of 4.09. The Software industry median Return-on-Tangible-Equity is 9.03. Variman Global Enterprises' value of 0.34% is 96.2% below this industry median. Based on the distribution chart, Variman Global Enterprises ranks #1322 out of 2487 companies in the Software industry, which is below the industry midpoint. Overall, Variman Global Enterprises has a GF Score™ of 61/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Variman Global Enterprises' Return-on-Tangible-Equity compare to QH and SHOP?
According to the Software industry distribution chart, Variman Global Enterprises ranks #1322 out of 2487 companies for Return-on-Tangible-Equity. This places Variman Global Enterprises in the lower half of its industry. The industry median Return-on-Tangible-Equity is 9.03. Variman Global Enterprises' value of 0.34% is 96.2% below this benchmark. While the company's 10-year median is 4.09 vs. the industry median of 9.03, Variman Global Enterprises has consistently been below 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 Software company?
The median Return-on-Tangible-Equity among Software companies is 9.03, based on 2,487 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. Variman Global Enterprises's current Return-on-Tangible-Equity of 0.34% is 96.2% below 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 Variman Global Enterprises and its competitors. For the Software industry, the median Return-on-Tangible-Equity is 9.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Variman Global Enterprises's current Return-on-Tangible-Equity is 0.34%, which is 92% below median its own 10-year median of 4.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Variman Global Enterprises stock overvalued right now?
Based on GuruFocus' analysis, Variman Global Enterprises (BOM:540570) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹16.50, compared to a current price of ₹3.79 — trading 77% below its estimated fair value. The current Return-on-Tangible-Equity is 0.34%, which is 92% below median its 10-year median of 4.09 and 96.2% below the Software industry median of 9.03. Variman Global Enterprises' overall GF Score™ is 61/100 with 4 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 Variman Global Enterprises (BOM:540570), the current Return-on-Tangible-Equity is 0.34% 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 Variman Global Enterprises (BOM:540570) Overvalued in 2026?
Based on GuruFocus' analysis, Variman Global Enterprises stock appears to be undervalued.
The current stock price of ₹3.79 is trading 77% below its estimated GF Value™ of ₹16.50.
GuruFocus considers Variman Global Enterprises to be Significantly Undervalued.
Key valuation signals for BOM:540570:
Return-on-Tangible-Equity: 0.34% (92% below median its 10-year median of 4.09)
GF Value™: ₹16.50 vs. price of ₹3.79 (77% below fair value)
Industry Position: 96.2% below the Software median (#1322 of 2487)
No single metric tells the full story. See the BOM:540570 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Variman Global Enterprises Ltd is an India-based company engaged in the business of providing solutions through software development, IT Infrastructure solutions, and distributing IT Hardware to clients and partners through aggressive market developments and continuous improvements through agility. The Company acts as a strategic link between vendors to partners and clients, thus readying them for unprecedented levels of business performance by catering to SOHO, SMB, Mid size, Large Enterprises and Government Organizations across various industry verticals.
61GF Score
Get the complete analysis for BOM:540570
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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