Coda Octopus GroupCODA +2.05%91 Return-on-Tangible-Equity is 12.54% as of Apr. 2026, which is 4% below its 10-year median of 13.09. GuruFocus rates CODA with a GF Score™ of 91/100 and a GF Value™ of $10.13 (Fairly Valued). The stock has 1 warning sign investors should review. Among 333 Aerospace & Defense companies, Coda Octopus Group ranks better than 53.15% 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. Coda Octopus Group's annualized net income for the quarter that ended in Apr. 2026 was $6.79 Mil. Coda Octopus Group's average shareholder tangible equity for the quarter that ended in Apr. 2026 was $54.14 Mil. Therefore, Coda Octopus Group's annualized Return-on-Tangible-Equity for the quarter that ended in Apr. 2026 was 12.54%.
The historical rank and industry rank for Coda Octopus Group's Return-on-Tangible-Equity or its related term are showing as below:
CODA'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.43 Med: 13.09 Max: 144.77
Current: 9.54
During the past 13 years, Coda Octopus Group's highest Return-on-Tangible-Equity was 144.77%. The lowest was 7.43%. And the median was 13.09%.
CODA's Return-on-Tangible-Equity is ranked better than 53.15% of 333
companies
in the Aerospace & Defense industry
Industry Median: 8.29
vs CODA: 9.54
Coda Octopus Group (NAS:CODA) Return-on-Tangible-Equity Explanation
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.
Coda Octopus Group Return-on-Tangible-Equity Related Terms
Coda Octopus Group Return-on-Tangible-Equity Historical Data
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The historical data trend for Coda Octopus Group'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.
Coda Octopus Group Return-on-Tangible-Equity Chart
CODA vs VWAV, HOVR, OPXS: Return-on-Tangible-Equity Comparison
For the Aerospace & Defense subindustry, Coda Octopus Group'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.
Coda Octopus Group Return-on-Tangible-Equity vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Coda Octopus Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Coda Octopus Group'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 (Apr. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 12.54% mean?
Coda Octopus Group (CODA) has a Return-on-Tangible-Equity of 12.54% as of Apr. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Coda Octopus Group and its competitors. This is near median its historical median of 13.09. Over the past decade, Coda Octopus Group's Return-on-Tangible-Equity has ranged from 7.43 to 144.77. According to the industry distribution chart, Coda Octopus Group ranks #156 out of 333 companies in the Aerospace & Defense industry, placing it in the top 46.8%.
Is Coda Octopus Group's Return-on-Tangible-Equity too high?
Coda Octopus Group's current Return-on-Tangible-Equity of 12.54% is near median its 10-year median of 13.09. Over the past 10 years, this metric has ranged from a low of 7.43 to a high of 144.77. The Aerospace & Defense industry median Return-on-Tangible-Equity is 8.29. Coda Octopus Group's value of 12.54% is 51.3% above this industry median. Based on the distribution chart, Coda Octopus Group ranks #156 out of 333 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Coda Octopus Group has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Coda Octopus Group's Return-on-Tangible-Equity compare to VWAV and HOVR?
According to the Aerospace & Defense industry distribution chart, Coda Octopus Group ranks #156 out of 333 companies for Return-on-Tangible-Equity. This puts Coda Octopus Group in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.29. Coda Octopus Group's value of 12.54% is 51.3% above this benchmark. Historically, Coda Octopus Group's own Return-on-Tangible-Equity has ranged from 7.43 to 144.77 over the past decade. While the company's 10-year median is 13.09 vs. the industry median of 8.29, Coda Octopus Group 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 an Aerospace & Defense company?
The median Return-on-Tangible-Equity among Aerospace & Defense companies is 8.29, based on 333 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. Coda Octopus Group's current Return-on-Tangible-Equity of 12.54% is 51.3% 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 Coda Octopus Group and its competitors. For the Aerospace & Defense industry, the median Return-on-Tangible-Equity is 8.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coda Octopus Group's current Return-on-Tangible-Equity is 12.54%, which is near median its own 10-year median of 13.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coda Octopus Group stock overvalued right now?
Based on GuruFocus' analysis, Coda Octopus Group (CODA) is currently considered Fairly Valued. The stock's GF Value™ is $10.13, compared to a current price of $9.48 — trading 6.4% below its estimated fair value. The current Return-on-Tangible-Equity is 12.54%, which is near median its 10-year median of 13.09 and 51.3% above the Aerospace & Defense industry median of 8.29. Coda Octopus Group's overall GF Score™ is 91/100 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 Coda Octopus Group (CODA), the current Return-on-Tangible-Equity is 12.54% as of Apr. 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 Coda Octopus Group (CODA) Overvalued in 2026?
Based on GuruFocus' analysis, Coda Octopus Group stock appears to be undervalued.
The current stock price of $9.48 is trading 6.4% below its estimated GF Value™ of $10.13.
GuruFocus considers Coda Octopus Group to be Fairly Valued.
Key valuation signals for CODA:
Return-on-Tangible-Equity: 12.54% (near median its 10-year median of 13.09)
GF Value™: $10.13 vs. price of $9.48 (6.4% below fair value)
Industry Position: 51.3% above the Aerospace & Defense median (#156 of 333)
No single metric tells the full story. See the CODA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Coda Octopus Group Inc develops underwater technologies and equipment for imaging, mapping defense, and survey applications. The company operates in three distinct business segments: the Marine Technology business, Acoustic Sensors and Material Business and the Defense Engineering Services Business. Its geographical segments are the Americas, Europe, Australia/Asia, and the Middle East/Africa. The majority of revenue is derived from the Products segment.
91GF Score
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