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.
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. Electro Cable Egypt's annualized net income for the quarter that ended in Jun. 2023 was E£564 Mil. Electro Cable Egypt's average shareholder tangible equity for the quarter that ended in Jun. 2023 was E£970 Mil. Therefore, Electro Cable Egypt's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2023 was 58.16%.
The historical rank and industry rank for Electro Cable Egypt's Return-on-Tangible-Equity or its related term are showing as below:
CAI:ELEC's Return-on-Tangible-Equity is not ranked *
in the Industrial Products industry.
Industry Median: 6.725 * 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.
Electro Cable Egypt Return-on-Tangible-Equity Related Terms
Electro Cable Egypt Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Electro Cable Egypt'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 Electrical Equipment & Parts subindustry, Electro Cable Egypt'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.
Electro Cable Egypt Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Electro Cable Egypt's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Electro Cable Egypt'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 (Jun. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 58.16% mean?
Electro Cable Egypt (CAI:ELEC) has a Return-on-Tangible-Equity of 58.16% as of Jun. 2023. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Electro Cable Egypt and its competitors.
Is Electro Cable Egypt's Return-on-Tangible-Equity too high?
Electro Cable Egypt's current Return-on-Tangible-Equity is 58.16%. The Industrial Products industry median Return-on-Tangible-Equity is 6.73. Electro Cable Egypt's value of 58.16% is 764.8% above this industry median. Overall, Electro Cable Egypt has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Electro Cable Egypt's Return-on-Tangible-Equity compare to competitors?
Electro Cable Egypt's Return-on-Tangible-Equity of 58.16% can be compared against companies in the Industrial Products industry. The industry median Return-on-Tangible-Equity is 6.73. Electro Cable Egypt's value of 58.16% is 764.8% above this benchmark. 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 an Industrial Products company?
The median Return-on-Tangible-Equity among Industrial Products companies is 6.73, based on 2,970 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. Electro Cable Egypt's current Return-on-Tangible-Equity of 58.16% is 764.8% 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 Electro Cable Egypt and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Electro Cable Egypt's current Return-on-Tangible-Equity is 58.16%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Electro Cable Egypt stock overvalued right now?
Electro Cable Egypt (CAI:ELEC) has a current Return-on-Tangible-Equity of 58.16%. The current Return-on-Tangible-Equity is 58.16% and 764.8% above the Industrial Products industry median of 6.73. Electro Cable Egypt's overall GF Score™ is 8/100. 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 Electro Cable Egypt (CAI:ELEC), the current Return-on-Tangible-Equity is 58.16% as of Jun. 2023. 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.
Electro Cable Egypt manufactures and markets power cables and telecommunication cables. Its products portfolio includes Enamelled Copper Wires, Overhead Bare Conductors, Telephone Wires and Cables and others.
8GF Score
Get the complete analysis for CAI:ELEC
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
CAI:ELEC has been successfully added to your 
