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.
SPA Capital ServicesBOM:542376 35 Return-on-Tangible-Equity is 9.92% as of Mar. 2026, which is 246% above its 10-year median of 2.87. GuruFocus rates BOM:542376 with a GF Score™ of 35/100. The stock has 2 warning signs investors should review. Among 782 Capital Markets companies, SPA Capital Services ranks worse than 56.14% 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. SPA Capital Services's annualized net income for the quarter that ended in Mar. 2026 was ₹17.5 Mil. SPA Capital Services's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹176.6 Mil. Therefore, SPA Capital Services's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 9.92%.
The historical rank and industry rank for SPA Capital Services's Return-on-Tangible-Equity or its related term are showing as below:
BOM:542376'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -3.73 Med: 2.87 Max: 8.32
Current: 4.88
During the past 13 years, SPA Capital Services's highest Return-on-Tangible-Equity was 8.32%. The lowest was -3.73%. And the median was 2.87%.
BOM:542376's Return-on-Tangible-Equity is ranked worse than 56.14% of 782
companies
in the Capital Markets industry
Industry Median: 6.52
vs BOM:542376: 4.88
SPA Capital Services (BOM:542376) 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.
SPA Capital Services Return-on-Tangible-Equity Related Terms
SPA Capital Services Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for SPA 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.
SPA Capital Services Return-on-Tangible-Equity Chart
BOM:542376 vs MS, GS, SCHW: Return-on-Tangible-Equity Comparison
For the Capital Markets subindustry, SPA 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.
SPA Capital Services Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, SPA Capital Services's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where SPA 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 (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 9.92% mean?
SPA Capital Services (BOM:542376) has a Return-on-Tangible-Equity of 9.92% 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 SPA Capital Services and its competitors. This is 246% above median its historical median of 2.87. According to the industry distribution chart, SPA Capital Services ranks #439 out of 782 companies in the Capital Markets industry, placing it in the top 56.1%.
Is SPA Capital Services' Return-on-Tangible-Equity too high?
SPA Capital Services' current Return-on-Tangible-Equity of 9.92% is 246% above median its 10-year median of 2.87. The Capital Markets industry median Return-on-Tangible-Equity is 6.52. SPA Capital Services' value of 9.92% is 52.1% above this industry median. Based on the distribution chart, SPA Capital Services ranks #439 out of 782 companies in the Capital Markets industry, which is below the industry midpoint. Overall, SPA Capital Services has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does SPA Capital Services' Return-on-Tangible-Equity compare to MS and GS?
According to the Capital Markets industry distribution chart, SPA Capital Services ranks #439 out of 782 companies for Return-on-Tangible-Equity. This places SPA Capital Services in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.52. SPA Capital Services' value of 9.92% is 52.1% above this benchmark. While the company's 10-year median is 2.87 vs. the industry median of 6.52, SPA 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 6.52, 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. SPA Capital Services's current Return-on-Tangible-Equity of 9.92% is 52.1% 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 SPA Capital Services and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SPA Capital Services's current Return-on-Tangible-Equity is 9.92%, which is 246% above median its own 10-year median of 2.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPA Capital Services stock overvalued right now?
SPA Capital Services (BOM:542376) has a current Return-on-Tangible-Equity of 9.92%. The current Return-on-Tangible-Equity is 9.92%, which is 246% above median its 10-year median of 2.87 and 52.1% above the Capital Markets industry median of 6.52. SPA Capital Services' overall GF Score™ is 35/100 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 SPA Capital Services (BOM:542376), the current Return-on-Tangible-Equity is 9.92% 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.
SPA Capital Services Ltd operates in the business segment of Financial Services. It is a financial solutions provider in corporate finance and wealth management to Indian companies and high-net-worth individuals. The company offers services for investment management, wealth management, financial advisory, corporate finance, risk management, insurance broking, and others.
35GF Score
Get the complete analysis for BOM:542376
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:542376 has been successfully added to your 
