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Associated CoatersBOM:544183 -13.61%21 Return-on-Tangible-Equity is 16.14% as of Mar. 2026, which is 70% below its 10-year median of 54.38. GuruFocus rates BOM:544183 with a GF Score™ of 21/100. The stock has 1 warning sign investors should review. Among 1,013 Business Services companies, Associated Coaters ranks better than 60.32% 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. Associated Coaters's annualized net income for the quarter that ended in Mar. 2026 was ₹12.19 Mil. Associated Coaters's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹75.54 Mil. Therefore, Associated Coaters's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 16.14%.
The historical rank and industry rank for Associated Coaters's Return-on-Tangible-Equity or its related term are showing as below:
BOM:544183'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -5.88 Med: 54.38 Max: 148.35
Current: 14.91
During the past 6 years, Associated Coaters's highest Return-on-Tangible-Equity was 148.35%. The lowest was -5.88%. And the median was 54.38%.
BOM:544183's Return-on-Tangible-Equity is ranked better than 60.32% of 1013
companies
in the Business Services industry
Industry Median: 10.79
vs BOM:544183: 14.91
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.
Associated Coaters Return-on-Tangible-Equity Related Terms
Associated Coaters Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Associated Coaters'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:544183 vs CTAS, CPRT, GPN: Return-on-Tangible-Equity Comparison
For the Specialty Business Services subindustry, Associated Coaters'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.
Associated Coaters Return-on-Tangible-Equity vs Business Services Industry
For the Business Services industry and Industrials sector, Associated Coaters's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Associated Coaters'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 16.14% mean?
Associated Coaters (BOM:544183) has a Return-on-Tangible-Equity of 16.14% 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 Associated Coaters and its competitors. This is 70% below median its historical median of 54.38. According to the industry distribution chart, Associated Coaters ranks #402 out of 1013 companies in the Business Services industry, placing it in the top 39.7%.
Is Associated Coaters' Return-on-Tangible-Equity too high?
Associated Coaters' current Return-on-Tangible-Equity of 16.14% is 70% below median its 10-year median of 54.38. The Business Services industry median Return-on-Tangible-Equity is 10.79. Associated Coaters' value of 16.14% is 49.6% above this industry median. Based on the distribution chart, Associated Coaters ranks #402 out of 1013 companies in the Business Services industry, which is above the industry midpoint. Overall, Associated Coaters has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Associated Coaters' Return-on-Tangible-Equity compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Associated Coaters ranks #402 out of 1013 companies for Return-on-Tangible-Equity. This puts Associated Coaters in the upper half of its industry. The industry median Return-on-Tangible-Equity is 10.79. Associated Coaters' value of 16.14% is 49.6% above this benchmark. While the company's 10-year median is 54.38 vs. the industry median of 10.79, Associated Coaters 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 Business Services company?
The median Return-on-Tangible-Equity among Business Services companies is 10.79, based on 1,013 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. Associated Coaters's current Return-on-Tangible-Equity of 16.14% is 49.6% 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 Associated Coaters and its competitors. For the Business Services industry, the median Return-on-Tangible-Equity is 10.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Associated Coaters's current Return-on-Tangible-Equity is 16.14%, which is 70% below median its own 10-year median of 54.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Associated Coaters stock overvalued right now?
Associated Coaters (BOM:544183) has a current Return-on-Tangible-Equity of 16.14%. The current Return-on-Tangible-Equity is 16.14%, which is 70% below median its 10-year median of 54.38 and 49.6% above the Business Services industry median of 10.79. Associated Coaters' overall GF Score™ is 21/100 with 1 warning sign 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 Associated Coaters (BOM:544183), the current Return-on-Tangible-Equity is 16.14% 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.
Associated Coaters Ltd is engaged in the business of providing services by way of pre-treatment and powder coating of aluminium extrusions in the Architect and Real Estate Industry. The company's process begins with surface cleaning to eliminate dirt, grease, or other contaminants, followed by the application of a strategic chemical solution to enhance powder coating adhesion. Techniques such as acidic surface etching and specialized pretreatment agents ensure optimal surface wettability.
21GF Score
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