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Indus Holding AGINDHF 80 Return-on-Tangible-Equity is 39.49% as of Mar. 2026, which is 1% above its 10-year median of 39.03. GuruFocus rates INDHF with a GF Score™ of 80/100 and a GF Value™ of $23.74. The stock has 3 warning signs investors should review. Among 553 Conglomerates companies, Indus Holding AG ranks better than 91.14% 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. Indus Holding AG's annualized net income for the quarter that ended in Mar. 2026 was $73 Mil. Indus Holding AG's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $186 Mil. Therefore, Indus Holding AG's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 39.49%.
The historical rank and industry rank for Indus Holding AG's Return-on-Tangible-Equity or its related term are showing as below:
INDHF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -24.16 Med: 39.03 Max: 53.7
Current: 48.76
During the past 13 years, Indus Holding AG's highest Return-on-Tangible-Equity was 53.70%. The lowest was -24.16%. And the median was 39.03%.
INDHF's Return-on-Tangible-Equity is ranked better than 91.14% of 553
companies
in the Conglomerates industry
Industry Median: 7.44
vs INDHF: 48.76
Indus Holding AG (OTCPK:INDHF) 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.
Indus Holding AG Return-on-Tangible-Equity Related Terms
Indus Holding AG Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Indus Holding AG'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.
INDHF vs HON, MMM: Return-on-Tangible-Equity Comparison
For the Conglomerates subindustry, Indus Holding AG'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.
Indus Holding AG Return-on-Tangible-Equity vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Indus Holding AG's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Indus Holding AG'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 39.49% mean?
Indus Holding AG (INDHF) has a Return-on-Tangible-Equity of 39.49% 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 Indus Holding AG and its competitors. This is near median its historical median of 39.03. According to the industry distribution chart, Indus Holding AG ranks #49 out of 553 companies in the Conglomerates industry, placing it in the top 8.9%.
Is Indus Holding AG's Return-on-Tangible-Equity too high?
Indus Holding AG's current Return-on-Tangible-Equity of 39.49% is near median its 10-year median of 39.03. The Conglomerates industry median Return-on-Tangible-Equity is 7.44. Indus Holding AG's value of 39.49% is 430.8% above this industry median. Based on the distribution chart, Indus Holding AG ranks #49 out of 553 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Indus Holding AG has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Indus Holding AG's Return-on-Tangible-Equity compare to HON and MMM?
According to the Conglomerates industry distribution chart, Indus Holding AG ranks #49 out of 553 companies for Return-on-Tangible-Equity. This places Indus Holding AG in the top 9% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.44. Indus Holding AG's value of 39.49% is 430.8% above this benchmark. While the company's 10-year median is 39.03 vs. the industry median of 7.44, Indus Holding AG 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 Conglomerates company?
The median Return-on-Tangible-Equity among Conglomerates companies is 7.44, based on 553 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. Indus Holding AG's current Return-on-Tangible-Equity of 39.49% is 430.8% 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 Indus Holding AG and its competitors. For the Conglomerates industry, the median Return-on-Tangible-Equity is 7.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indus Holding AG's current Return-on-Tangible-Equity is 39.49%, which is near median its own 10-year median of 39.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indus Holding AG stock overvalued right now?
Indus Holding AG (INDHF) has a current Return-on-Tangible-Equity of 39.49%. The stock's GF Value™ is $23.74, compared to a current price of $24.45 — trading 3% above its estimated fair value. The current Return-on-Tangible-Equity is 39.49%, which is near median its 10-year median of 39.03 and 430.8% above the Conglomerates industry median of 7.44. Indus Holding AG's overall GF Score™ is 80/100 with 3 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 Indus Holding AG (INDHF), the current Return-on-Tangible-Equity is 39.49% 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 Indus Holding AG (INDHF) Overvalued in 2026?
Based on GuruFocus' analysis, Indus Holding AG stock appears to be overvalued.
The current stock price of $24.45 is trading 3% above its estimated GF Value™ of $23.74.
Key valuation signals for INDHF:
Return-on-Tangible-Equity: 39.49% (near median its 10-year median of 39.03)
GF Value™: $23.74 vs. price of $24.45 (3% above fair value)
Industry Position: 430.8% above the Conglomerates median (#49 of 553)
No single metric tells the full story. See the INDHF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Indus Holding AG is a holding company investing in small and midsize enterprises in German-speaking regions. The company has three segments namely: Engineering, Infrastructure and Materials Solutions. It derives maximum revenue from Materials Solutions Segment.
80GF Score
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