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.
Covance SoftSolBOM:544361 +4.97%21 Return-on-Tangible-Equity is 14.99% as of Mar. 2026, which is 1% above its 10-year median of 14.80. GuruFocus rates BOM:544361 with a GF Score™ of 21/100. The stock has 1 warning sign investors should review. Among 2,484 Software companies, Covance SoftSol ranks better than 71.66% 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. Covance SoftSol's annualized net income for the quarter that ended in Mar. 2026 was ₹252 Mil. Covance SoftSol's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹1,682 Mil. Therefore, Covance SoftSol's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 14.99%.
The historical rank and industry rank for Covance SoftSol's Return-on-Tangible-Equity or its related term are showing as below:
BOM:544361'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.72 Med: 14.8 Max: 26.55
Current: 25.41
During the past 3 years, Covance SoftSol's highest Return-on-Tangible-Equity was 26.55%. The lowest was 1.72%. And the median was 14.80%.
BOM:544361's Return-on-Tangible-Equity is ranked better than 71.66% of 2484
companies
in the Software industry
Industry Median: 9.705
vs BOM:544361: 25.41
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.
Covance SoftSol Return-on-Tangible-Equity Related Terms
Covance SoftSol Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Covance SoftSol'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:544361 vs IBM, ACN, FISV: Return-on-Tangible-Equity Comparison
For the Information Technology Services subindustry, Covance SoftSol'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.
Covance SoftSol Return-on-Tangible-Equity vs Software Industry
For the Software industry and Technology sector, Covance SoftSol's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Covance SoftSol'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 14.99% mean?
Covance SoftSol (BOM:544361) has a Return-on-Tangible-Equity of 14.99% 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 Covance SoftSol and its competitors. This is near median its historical median of 14.80. Over the past decade, Covance SoftSol's Return-on-Tangible-Equity has ranged from 1.72 to 26.55. According to the industry distribution chart, Covance SoftSol ranks #704 out of 2484 companies in the Software industry, placing it in the top 28.3%.
Is Covance SoftSol's Return-on-Tangible-Equity too high?
Covance SoftSol's current Return-on-Tangible-Equity of 14.99% is near median its 10-year median of 14.80. Over the past 10 years, this metric has ranged from a low of 1.72 to a high of 26.55. The Software industry median Return-on-Tangible-Equity is 9.71. Covance SoftSol's value of 14.99% is 54.5% above this industry median. Based on the distribution chart, Covance SoftSol ranks #704 out of 2484 companies in the Software industry, which is above the industry midpoint. Overall, Covance SoftSol has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Covance SoftSol's Return-on-Tangible-Equity compare to IBM and ACN?
According to the Software industry distribution chart, Covance SoftSol ranks #704 out of 2484 companies for Return-on-Tangible-Equity. This puts Covance SoftSol in the upper half of its industry. The industry median Return-on-Tangible-Equity is 9.71. Covance SoftSol's value of 14.99% is 54.5% above this benchmark. Historically, Covance SoftSol's own Return-on-Tangible-Equity has ranged from 1.72 to 26.55 over the past decade. While the company's 10-year median is 14.80 vs. the industry median of 9.71, Covance SoftSol 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 Software company?
The median Return-on-Tangible-Equity among Software companies is 9.71, based on 2,484 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. Covance SoftSol's current Return-on-Tangible-Equity of 14.99% is 54.5% 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 Covance SoftSol and its competitors. For the Software industry, the median Return-on-Tangible-Equity is 9.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Covance SoftSol's current Return-on-Tangible-Equity is 14.99%, which is near median its own 10-year median of 14.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Covance SoftSol stock overvalued right now?
Covance SoftSol (BOM:544361) has a current Return-on-Tangible-Equity of 14.99%. The current Return-on-Tangible-Equity is 14.99%, which is near median its 10-year median of 14.80 and 54.5% above the Software industry median of 9.71. Covance SoftSol's 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 Covance SoftSol (BOM:544361), the current Return-on-Tangible-Equity is 14.99% 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.
Covance SoftSol Ltd is engaged in the business of information and technology services. It offers various services, including business process transformation, data transformation, enterprise application transformation, and tool-assisted modernization, by utilizing technologies such as cloud, artificial intelligence, machine learning, and provides data analytics solutions with an intuitive UX/UI design. The company caters to enterprises from different industries such as healthcare, media, manufacturing, government, insurance, etc. The firm generates a majority of its revenue through the export of services, and the rest from its domestic operations.
21GF Score
Get the complete analysis for BOM:544361
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:544361 has been successfully added to your 
