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Afloat EnterprisesBOM:543377 -0.90%42 Return-on-Tangible-Equity is 2.20% as of Mar. 2026, which is 300% above its 10-year median of 0.55. GuruFocus rates BOM:543377 with a GF Score™ of 42/100 and a GF Value™ of ₹1.72 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 616 Steel companies, Afloat Enterprises ranks worse than 162337.5% 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. Afloat Enterprises's annualized net income for the quarter that ended in Mar. 2026 was ₹3.41 Mil. Afloat Enterprises's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹155.40 Mil. Therefore, Afloat Enterprises's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 2.20%.
The historical rank and industry rank for Afloat Enterprises's Return-on-Tangible-Equity or its related term are showing as below:
During the past 8 years, Afloat Enterprises's highest Return-on-Tangible-Equity was 158.67%. The lowest was -1.42%. And the median was 0.55%.
BOM:543377's Return-on-Tangible-Equity is not ranked *
in the Steel industry.
Industry Median: 4.13 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
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.
Afloat Enterprises Return-on-Tangible-Equity Related Terms
Afloat Enterprises Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Afloat Enterprises'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:543377 vs NUE, STLD, RS: Return-on-Tangible-Equity Comparison
For the Steel subindustry, Afloat 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.
Afloat Enterprises Return-on-Tangible-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, Afloat Enterprises's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Afloat 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 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 2.20% mean?
Afloat Enterprises (BOM:543377) has a Return-on-Tangible-Equity of 2.20% 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 Afloat Enterprises and its competitors. This is 300% above median its historical median of 0.55. According to the industry distribution chart, Afloat Enterprises ranks #999999 out of 616 companies in the Steel industry.
Is Afloat Enterprises' Return-on-Tangible-Equity too high?
Afloat Enterprises' current Return-on-Tangible-Equity of 2.20% is 300% above median its 10-year median of 0.55. The Steel industry median Return-on-Tangible-Equity is 4.13. Afloat Enterprises' value of 2.20% is 46.7% below this industry median. Based on the distribution chart, Afloat Enterprises ranks #999999 out of 616 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Afloat Enterprises has a GF Score™ of 42/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Afloat Enterprises' Return-on-Tangible-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, Afloat Enterprises ranks #999999 out of 616 companies for Return-on-Tangible-Equity. This places Afloat Enterprises in the lower half of its industry. The industry median Return-on-Tangible-Equity is 4.13. Afloat Enterprises' value of 2.20% is 46.7% below this benchmark. While the company's 10-year median is 0.55 vs. the industry median of 4.13, Afloat 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 Steel company?
The median Return-on-Tangible-Equity among Steel companies is 4.13, based on 616 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. Afloat Enterprises's current Return-on-Tangible-Equity of 2.20% is 46.7% 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 Afloat Enterprises and its competitors. For the Steel industry, the median Return-on-Tangible-Equity is 4.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Afloat Enterprises's current Return-on-Tangible-Equity is 2.20%, which is 300% above median its own 10-year median of 0.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Afloat Enterprises stock overvalued right now?
Based on GuruFocus' analysis, Afloat Enterprises (BOM:543377) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹1.72, compared to a current price of ₹12.12 — trading 604.7% above its estimated fair value. The current Return-on-Tangible-Equity is 2.20%, which is 300% above median its 10-year median of 0.55 and 46.7% below the Steel industry median of 4.13. Afloat Enterprises' overall GF Score™ is 42/100 with 8 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 Afloat Enterprises (BOM:543377), the current Return-on-Tangible-Equity is 2.20% 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 Afloat Enterprises (BOM:543377) Overvalued in 2026?
Based on GuruFocus' analysis, Afloat Enterprises stock appears to be overvalued.
The current stock price of ₹12.12 is trading 604.7% above its estimated GF Value™ of ₹1.72.
GuruFocus considers Afloat Enterprises to be Significantly Overvalued.
Key valuation signals for BOM:543377:
Return-on-Tangible-Equity: 2.20% (300% above median its 10-year median of 0.55)
GF Value™: ₹1.72 vs. price of ₹12.12 (604.7% above fair value)
Industry Position: 46.7% below the Steel median (#999999 of 616)
No single metric tells the full story. See the BOM:543377 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Afloat Enterprises Ltd operates in the trading of metals, with a core focus on iron and steel products. The company's business activities include the manufacture, production, procurement, conversion, sale, and trading of various iron and steel items such as tin plates, ETP sheets, and stainless products. Additionally, it deals in commodities like diamonds, gold, wheat, rice, and oils, engaging in trading both within India and internationally. The company generates revenue prominently from its metal trading operations and commodities trading. Its operations are majorly based in India, serving various industrial and commodity markets across the country and abroad.
42GF Score
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