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Argon DenimsDHA:ARGONDENIM 87 Return-on-Tangible-Equity is 3.47% as of Mar. 2026, which is 45% below its 10-year median of 6.30. GuruFocus rates DHA:ARGONDENIM with a GF Score™ of 87/100 and a GF Value™ of BDT16.71 (Modestly Overvalued). The stock has 12 warning signs investors should review. Among 1,017 Manufacturing - Apparel & Accessories companies, Argon Denims ranks better than 51.03% 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. Argon Denims's annualized net income for the quarter that ended in Mar. 2026 was BDT120 Mil. Argon Denims's average shareholder tangible equity for the quarter that ended in Mar. 2026 was BDT3,452 Mil. Therefore, Argon Denims's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 3.47%.
The historical rank and industry rank for Argon Denims's Return-on-Tangible-Equity or its related term are showing as below:
DHA:ARGONDENIM'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.09 Med: 6.3 Max: 13.63
Current: 4.62
During the past 11 years, Argon Denims's highest Return-on-Tangible-Equity was 13.63%. The lowest was 2.09%. And the median was 6.30%.
DHA:ARGONDENIM's Return-on-Tangible-Equity is ranked better than 51.03% of 1017
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.43
vs DHA:ARGONDENIM: 4.62
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.
Argon Denims Return-on-Tangible-Equity Related Terms
Argon Denims Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Argon Denims'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 Textile Manufacturing subindustry, Argon Denims'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.
Argon Denims Return-on-Tangible-Equity vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Argon Denims's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Argon Denims'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 3.47% mean?
Argon Denims (DHA:ARGONDENIM) has a Return-on-Tangible-Equity of 3.47% 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 Argon Denims and its competitors. This is 45% below median its historical median of 6.30. Over the past decade, Argon Denims' Return-on-Tangible-Equity has ranged from 2.09 to 13.63. According to the industry distribution chart, Argon Denims ranks #498 out of 1017 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 49%.
Is Argon Denims' Return-on-Tangible-Equity too high?
Argon Denims' current Return-on-Tangible-Equity of 3.47% is 45% below median its 10-year median of 6.30. Over the past 10 years, this metric has ranged from a low of 2.09 to a high of 13.63. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Equity is 4.43. Argon Denims' value of 3.47% is 21.7% below this industry median. Based on the distribution chart, Argon Denims ranks #498 out of 1017 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Argon Denims has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Argon Denims' Return-on-Tangible-Equity compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Argon Denims ranks #498 out of 1017 companies for Return-on-Tangible-Equity. This puts Argon Denims in the upper half of its industry. The industry median Return-on-Tangible-Equity is 4.43. Argon Denims' value of 3.47% is 21.7% below this benchmark. Historically, Argon Denims' own Return-on-Tangible-Equity has ranged from 2.09 to 13.63 over the past decade. While the company's 10-year median is 6.30 vs. the industry median of 4.43, Argon Denims has consistently been below 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 Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Equity among Manufacturing - Apparel & Accessories companies is 4.43, based on 1,017 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. Argon Denims's current Return-on-Tangible-Equity of 3.47% is 21.7% below 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 Argon Denims and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Equity is 4.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Argon Denims's current Return-on-Tangible-Equity is 3.47%, which is 45% below median its own 10-year median of 6.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Argon Denims stock overvalued right now?
Based on GuruFocus' analysis, Argon Denims (DHA:ARGONDENIM) is currently considered Modestly Overvalued. The stock's GF Value™ is BDT16.71, compared to a current price of BDT21.00 — trading 25.7% above its estimated fair value. The current Return-on-Tangible-Equity is 3.47%, which is 45% below median its 10-year median of 6.30 and 21.7% below the Manufacturing - Apparel & Accessories industry median of 4.43. Argon Denims' overall GF Score™ is 87/100 with 12 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 Argon Denims (DHA:ARGONDENIM), the current Return-on-Tangible-Equity is 3.47% 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.
Is Argon Denims (DHA:ARGONDENIM) Overvalued in 2026?
Based on GuruFocus' analysis, Argon Denims stock appears to be overvalued.
The current stock price of BDT21.00 is trading 25.7% above its estimated GF Value™ of BDT16.71.
GuruFocus considers Argon Denims to be Modestly Overvalued.
Key valuation signals for DHA:ARGONDENIM:
Return-on-Tangible-Equity: 3.47% (45% below median its 10-year median of 6.30)
GF Value™: BDT16.71 vs. price of BDT21.00 (25.7% above fair value)
Industry Position: 21.7% below the Manufacturing - Apparel & Accessories median (#498 of 1017)
No single metric tells the full story. See the DHA:ARGONDENIM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Argon Denims Ltd is engaged in manufacturing, dyeing, and finishing Denim Fabric based in Bangladesh and focuses on exports. The firm carries out the business of weaving, spinning, bleaching, dyeing, mercerizing, printing, finishing, and selling denim fabrics, yarn, cloth, linen, hosiery, and other goods and fabrics, whether textiles knitted or looped. It produces a medium and premium range of denim fabrics in various weights. The products include fabrics in 100% cotton, cotton stretch, cotton polyester, and cotton-polyester stretch. The dyeing line is equipped with light and dark indigo, Sulphur black, SBIT, IBST, with casts and colors.
87GF Score
Get the complete analysis for DHA:ARGONDENIM
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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