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.
Shipwaves OnlineBOM:544646 -3.96%16 Return-on-Tangible-Equity is 11.04% as of Mar. 2026, which is 93% below its 10-year median of 158.18. GuruFocus rates BOM:544646 with a GF Score™ of 16/100. The stock has 7 warning signs investors should review. Among 976 Transportation companies, Shipwaves Online ranks better than 58.61% 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. Shipwaves Online's annualized net income for the quarter that ended in Mar. 2026 was ₹35.7 Mil. Shipwaves Online's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹323.0 Mil. Therefore, Shipwaves Online's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 11.04%.
The historical rank and industry rank for Shipwaves Online's Return-on-Tangible-Equity or its related term are showing as below:
BOM:544646'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 11.04 Med: 158.18 Max: 428.55
Current: 11.04
During the past 4 years, Shipwaves Online's highest Return-on-Tangible-Equity was 428.55%. The lowest was 11.04%. And the median was 158.18%.
BOM:544646's Return-on-Tangible-Equity is ranked better than 58.61% of 976
companies
in the Transportation industry
Industry Median: 8.87
vs BOM:544646: 11.04
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.
Shipwaves Online Return-on-Tangible-Equity Related Terms
Shipwaves Online Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Shipwaves Online'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.
For the Marine Shipping subindustry, Shipwaves Online'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.
Shipwaves Online Return-on-Tangible-Equity vs Transportation Industry
For the Transportation industry and Industrials sector, Shipwaves Online's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Shipwaves Online'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 one times the 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 11.04% mean?
Shipwaves Online (BOM:544646) has a Return-on-Tangible-Equity of 11.04% 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 Shipwaves Online and its competitors. This is 93% below median its historical median of 158.18. Over the past decade, Shipwaves Online's Return-on-Tangible-Equity has ranged from 11.04 to 428.55. According to the industry distribution chart, Shipwaves Online ranks #404 out of 976 companies in the Transportation industry, placing it in the top 41.4%.
Is Shipwaves Online's Return-on-Tangible-Equity too high?
Shipwaves Online's current Return-on-Tangible-Equity of 11.04% is 93% below median its 10-year median of 158.18. Over the past 10 years, this metric has ranged from a low of 11.04 to a high of 428.55. The Transportation industry median Return-on-Tangible-Equity is 8.87. Shipwaves Online's value of 11.04% is 24.5% above this industry median. Based on the distribution chart, Shipwaves Online ranks #404 out of 976 companies in the Transportation industry, which is above the industry midpoint. Overall, Shipwaves Online has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Shipwaves Online's Return-on-Tangible-Equity compare to competitors?
According to the Transportation industry distribution chart, Shipwaves Online ranks #404 out of 976 companies for Return-on-Tangible-Equity. This puts Shipwaves Online in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.87. Shipwaves Online's value of 11.04% is 24.5% above this benchmark. Historically, Shipwaves Online's own Return-on-Tangible-Equity has ranged from 11.04 to 428.55 over the past decade. While the company's 10-year median is 158.18 vs. the industry median of 8.87, Shipwaves Online 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 Transportation company?
The median Return-on-Tangible-Equity among Transportation companies is 8.87, based on 976 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. Shipwaves Online's current Return-on-Tangible-Equity of 11.04% is 24.5% 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 Shipwaves Online and its competitors. For the Transportation industry, the median Return-on-Tangible-Equity is 8.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shipwaves Online's current Return-on-Tangible-Equity is 11.04%, which is 93% below median its own 10-year median of 158.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shipwaves Online stock overvalued right now?
Shipwaves Online (BOM:544646) has a current Return-on-Tangible-Equity of 11.04%. The current Return-on-Tangible-Equity is 11.04%, which is 93% below median its 10-year median of 158.18 and 24.5% above the Transportation industry median of 8.87. Shipwaves Online's overall GF Score™ is 16/100 with 7 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 Shipwaves Online (BOM:544646), the current Return-on-Tangible-Equity is 11.04% 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.
Shipwaves Online Ltd presents itself as a comprehensive, single unified platform designed to meet its client's shipping and logistical needs. Its expertise spans across multimodal transportation solutions, offering seamless end-to-end support for shipments across Ocean, Land, and Air. The company's platform is built to offer real-time visibility, ensuring that clients have full transparency and control over their logistics operations from the point of origin to the final destination. The Company offers two primary service categories-Digital Freight Forwarding and Enterprise SaaS Solutions-each designed to meet the evolving needs of businesses in the logistics and supply chain industry. The company generates majority of its revenue from Ocean Shipment.
16GF Score
Get the complete analysis for BOM:544646
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:544646 has been successfully added to your 
