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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. Novateor Research Laboratories's annualized net income for the quarter that ended in Mar. 2026 was ₹2.34 Mil. Novateor Research Laboratories's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹114.45 Mil. Therefore, Novateor Research Laboratories's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 2.04%.
The historical rank and industry rank for Novateor Research Laboratories's Return-on-Tangible-Equity or its related term are showing as below:
BOM:542771'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -2.78 Med: 0.25 Max: 8.73
Current: 0.91
During the past 10 years, Novateor Research Laboratories's highest Return-on-Tangible-Equity was 8.73%. The lowest was -2.78%. And the median was 0.25%.
BOM:542771's Return-on-Tangible-Equity is not ranked
in the Consumer Packaged Goods industry.
Industry Median: 7.99
vs BOM:542771: 0.91
Novateor Research Laboratories (BOM:542771) 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.
Novateor Research Laboratories Return-on-Tangible-Equity Related Terms
Novateor Research Laboratories 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.
Novateor Research Laboratories Return-on-Tangible-Equity Chart
BOM:542771 vs PG, CL, KVUE: Return-on-Tangible-Equity Comparison
For the Household & Personal Products subindustry, Novateor Research Laboratories'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.
Novateor Research Laboratories Return-on-Tangible-Equity vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Novateor Research Laboratories's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Novateor Research Laboratories'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 two times the semi-annual (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 2.04% mean?
Novateor Research Laboratories (BOM:542771) has a Return-on-Tangible-Equity of 2.04% 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 Novateor Research Laboratories and its competitors. This is 716% above median its historical median of 0.25.
Is Novateor Research Laboratories' Return-on-Tangible-Equity too high?
Novateor Research Laboratories' current Return-on-Tangible-Equity of 2.04% is 716% above median its 10-year median of 0.25. The Consumer Packaged Goods industry median Return-on-Tangible-Equity is 7.99. Novateor Research Laboratories' value of 2.04% is 74.5% below this industry median. Overall, Novateor Research Laboratories has a GF Score™ of 59/100, reflecting its overall financial health beyond just this single metric.
How does Novateor Research Laboratories' Return-on-Tangible-Equity compare to PG and CL?
Novateor Research Laboratories' Return-on-Tangible-Equity of 2.04% can be compared against companies in the Consumer Packaged Goods industry. The industry median Return-on-Tangible-Equity is 7.99. Novateor Research Laboratories' value of 2.04% is 74.5% below this benchmark. While the company's 10-year median is 0.25 vs. the industry median of 7.99, Novateor Research Laboratories 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 Consumer Packaged Goods company?
The median Return-on-Tangible-Equity among Consumer Packaged Goods companies is 7.99, based on 1,877 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. Novateor Research Laboratories's current Return-on-Tangible-Equity of 2.04% is 74.5% 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 Novateor Research Laboratories and its competitors. For the Consumer Packaged Goods industry, the median Return-on-Tangible-Equity is 7.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Novateor Research Laboratories's current Return-on-Tangible-Equity is 2.04%, which is 716% above median its own 10-year median of 0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novateor Research Laboratories stock overvalued right now?
Novateor Research Laboratories (BOM:542771) has a current Return-on-Tangible-Equity of 2.04%. The stock's GF Value™ is ₹83.64, compared to a current price of ₹32.85 — trading 60.7% below its estimated fair value. The current Return-on-Tangible-Equity is 2.04%, which is 716% above median its 10-year median of 0.25 and 74.5% below the Consumer Packaged Goods industry median of 7.99. Novateor Research Laboratories' overall GF Score™ is 59/100 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 Novateor Research Laboratories (BOM:542771), the current Return-on-Tangible-Equity is 2.04% 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 Novateor Research Laboratories (BOM:542771) Overvalued in 2026?
Based on GuruFocus' analysis, Novateor Research Laboratories stock appears to be undervalued.
The current stock price of ₹32.85 is trading 60.7% below its estimated GF Value™ of ₹83.64.
Key valuation signals for BOM:542771:
Return-on-Tangible-Equity: 2.04% (716% above median its 10-year median of 0.25)
GF Value™: ₹83.64 vs. price of ₹32.85 (60.7% below fair value)
Industry Position: 74.5% below the Consumer Packaged Goods median
No single metric tells the full story. See the BOM:542771 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Novateor Research Laboratories Ltd is a company engaged in the development of novel personal care products that are intended to provide safe, easy, and innovative approaches to the existing traditional personal care solutions. The company's teeth-whitening products are sold under the brand name SmiloShine. The company manufactures three different variants of teeth whitening strips, teeth whitening toothpaste and brush, kids's toothpaste and tongue cleaner, and teeth whitening gel.
59GF Score
Get the complete analysis for BOM:542771
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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