LafargeHolcim Bangladesh (DHA:LHB) Return-on-Tangible-Equity: 24.34% (As of Mar. 2026) — 33% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

DHA:LHB LafargeHolcim Bangladesh PLC DHA:LHB
90 GF Score
Price BDT60.70
GF Value BDT60.58
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is LafargeHolcim Bangladesh Return-on-Tangible-Equity?

LafargeHolcim Bangladesh DHA:LHB -1.62% 90 Return-on-Tangible-Equity is 24.34% as of Mar. 2026, which is 33% above its 10-year median of 18.31. GuruFocus rates DHA:LHB with a GF Score™ of 90/100 and a GF Value™ of BDT60.58 (Fairly Valued). The stock has 6 warning signs investors should review. Among 397 Building Materials companies, LafargeHolcim Bangladesh ranks better than 91.44% 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. LafargeHolcim Bangladesh's annualized net income for the quarter that ended in Mar. 2026 was BDT4,487 Mil. LafargeHolcim Bangladesh's average shareholder tangible equity for the quarter that ended in Mar. 2026 was BDT18,436 Mil. Therefore, LafargeHolcim Bangladesh's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 24.34%.

The historical rank and industry rank for LafargeHolcim Bangladesh's Return-on-Tangible-Equity or its related term are showing as below:

DHA:LHB' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.58   Med: 18.31   Max: 31.18
Current: 26.29

During the past 13 years, LafargeHolcim Bangladesh's highest Return-on-Tangible-Equity was 31.18%. The lowest was 5.58%. And the median was 18.31%.

DHA:LHB's Return-on-Tangible-Equity is ranked better than
91.44% of 397 companies
in the Building Materials industry
Industry Median: 5.06 vs DHA:LHB: 26.29

LafargeHolcim Bangladesh  (DHA:LHB) 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.


LafargeHolcim Bangladesh Return-on-Tangible-Equity Related Terms


LafargeHolcim Bangladesh Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for LafargeHolcim Bangladesh'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.

LafargeHolcim Bangladesh Return-on-Tangible-Equity Chart

LafargeHolcim Bangladesh Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.30 26.10 31.18 19.77 29.02

LafargeHolcim Bangladesh Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 30.82 21.22 26.32 33.96 24.34

DHA:LHB vs CRH, VMC, MLM: Return-on-Tangible-Equity Comparison

For the Building Materials subindustry, LafargeHolcim Bangladesh'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.


LafargeHolcim Bangladesh Return-on-Tangible-Equity vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, LafargeHolcim Bangladesh's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where LafargeHolcim Bangladesh's Return-on-Tangible-Equity falls into.


DHA:LHB
90GF Score
LafargeHolcim Bangladesh PLC DHA:LHB
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

LafargeHolcim Bangladesh Return-on-Tangible-Equity Calculation

LafargeHolcim Bangladesh's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=5108.444/( (17324.549+17885.273 )/ 2 )
=5108.444/17604.911
=29.02 %

LafargeHolcim Bangladesh's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=4487.06/( (17885.273+18986.51)/ 2 )
=4487.06/18435.8915
=24.34 %

* 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 24.34% mean?
LafargeHolcim Bangladesh (DHA:LHB) has a Return-on-Tangible-Equity of 24.34% 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 LafargeHolcim Bangladesh and its competitors. This is 33% above median its historical median of 18.31. Over the past decade, LafargeHolcim Bangladesh's Return-on-Tangible-Equity has ranged from 5.58 to 31.18. According to the industry distribution chart, LafargeHolcim Bangladesh ranks #34 out of 397 companies in the Building Materials industry, placing it in the top 8.6%.
Is LafargeHolcim Bangladesh's Return-on-Tangible-Equity too high?
LafargeHolcim Bangladesh's current Return-on-Tangible-Equity of 24.34% is 33% above median its 10-year median of 18.31. Over the past 10 years, this metric has ranged from a low of 5.58 to a high of 31.18. The Building Materials industry median Return-on-Tangible-Equity is 5.06. LafargeHolcim Bangladesh's value of 24.34% is 381% above this industry median. Based on the distribution chart, LafargeHolcim Bangladesh ranks #34 out of 397 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. Overall, LafargeHolcim Bangladesh has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does LafargeHolcim Bangladesh's Return-on-Tangible-Equity compare to CRH and VMC?
According to the Building Materials industry distribution chart, LafargeHolcim Bangladesh ranks #34 out of 397 companies for Return-on-Tangible-Equity. This places LafargeHolcim Bangladesh in the top 9% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.06. LafargeHolcim Bangladesh's value of 24.34% is 381% above this benchmark. Historically, LafargeHolcim Bangladesh's own Return-on-Tangible-Equity has ranged from 5.58 to 31.18 over the past decade. While the company's 10-year median is 18.31 vs. the industry median of 5.06, LafargeHolcim Bangladesh 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 Building Materials company?
The median Return-on-Tangible-Equity among Building Materials companies is 5.06, based on 397 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. LafargeHolcim Bangladesh's current Return-on-Tangible-Equity of 24.34% is 381% 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 LafargeHolcim Bangladesh and its competitors. For the Building Materials industry, the median Return-on-Tangible-Equity is 5.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. LafargeHolcim Bangladesh's current Return-on-Tangible-Equity is 24.34%, which is 33% above median its own 10-year median of 18.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LafargeHolcim Bangladesh stock overvalued right now?
Based on GuruFocus' analysis, LafargeHolcim Bangladesh (DHA:LHB) is currently considered Fairly Valued. The stock's GF Value™ is BDT60.58, compared to a current price of BDT60.70 — trading 0.2% above its estimated fair value. The current Return-on-Tangible-Equity is 24.34%, which is 33% above median its 10-year median of 18.31 and 381% above the Building Materials industry median of 5.06. LafargeHolcim Bangladesh's overall GF Score™ is 90/100 with 6 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 LafargeHolcim Bangladesh (DHA:LHB), the current Return-on-Tangible-Equity is 24.34% 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 LafargeHolcim Bangladesh (DHA:LHB) Overvalued in 2026?

Based on GuruFocus' analysis, LafargeHolcim Bangladesh stock appears to be overvalued. The current stock price of BDT60.70 is trading 0.2% above its estimated GF Value™ of BDT60.58. GuruFocus considers LafargeHolcim Bangladesh to be Fairly Valued.

Key valuation signals for DHA:LHB:

  • Return-on-Tangible-Equity: 24.34% (33% above median its 10-year median of 18.31)
  • GF Value™: BDT60.58 vs. price of BDT60.70 (0.2% above fair value)
  • GF Score™: 90/100 with 6 warning signs
  • Industry Position: 381% above the Building Materials median (#34 of 397)

No single metric tells the full story. See the DHA:LHB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


LafargeHolcim Bangladesh Business Description

Address Tejgaon Gulshan Link Road, NinaKabbo, Level-7, 227/A Bir Uttam Mir Shawkat Sarak, Dhaka, BGD, 1208
LafargeHolcim Bangladesh PLC is a frontline cement producer in Bangladesh. The company is engaged in the manufacturing and marketing cement in the local and international market. It operates a cement manufacturing plant at Chhatak. Company has divided it's operations in two business segments namely, Clinker and cement and Aggregates and derives majority revenue from the Clinker and cement segment.
90GF Score

Get the complete analysis for DHA:LHB

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

BDT60.70
Price
BDT60.58
GF Value