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Lewis GroupJSE:LEW +0.42%93 Return-on-Tangible-Equity is 20.59% as of Mar. 2026, which is 121% above its 10-year median of 9.33. GuruFocus rates JSE:LEW with a GF Score™ of 93/100 and a GF Value™ of R84.07 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,059 Retail - Cyclical companies, Lewis Group ranks better than 68.27% 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. Lewis Group's annualized net income for the quarter that ended in Mar. 2026 was R1,068 Mil. Lewis Group's average shareholder tangible equity for the quarter that ended in Mar. 2026 was R5,184 Mil. Therefore, Lewis Group's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 20.59%.
The historical rank and industry rank for Lewis Group's Return-on-Tangible-Equity or its related term are showing as below:
JSE:LEW'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.07 Med: 9.33 Max: 16.72
Current: 16.72
During the past 13 years, Lewis Group's highest Return-on-Tangible-Equity was 16.72%. The lowest was 4.07%. And the median was 9.33%.
JSE:LEW's Return-on-Tangible-Equity is ranked better than 68.27% of 1059
companies
in the Retail - Cyclical industry
Industry Median: 8.45
vs JSE:LEW: 16.72
Lewis Group (JSE:LEW) 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.
Lewis Group Return-on-Tangible-Equity Related Terms
Lewis Group Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Lewis 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.
JSE:LEW vs CASY, WSM, DKS: Return-on-Tangible-Equity Comparison
For the Specialty Retail subindustry, Lewis 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.
Lewis Group Return-on-Tangible-Equity vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Lewis Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Lewis 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 two times the semi-annual (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 20.59% mean?
Lewis Group (JSE:LEW) has a Return-on-Tangible-Equity of 20.59% 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 Lewis Group and its competitors. This is 121% above median its historical median of 9.33. Over the past decade, Lewis Group's Return-on-Tangible-Equity has ranged from 4.07 to 16.72. According to the industry distribution chart, Lewis Group ranks #336 out of 1059 companies in the Retail - Cyclical industry, placing it in the top 31.7%.
Is Lewis Group's Return-on-Tangible-Equity too high?
Lewis Group's current Return-on-Tangible-Equity of 20.59% is 121% above median its 10-year median of 9.33. Over the past 10 years, this metric has ranged from a low of 4.07 to a high of 16.72. The Retail - Cyclical industry median Return-on-Tangible-Equity is 8.45. Lewis Group's value of 20.59% is 143.7% above this industry median. Based on the distribution chart, Lewis Group ranks #336 out of 1059 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Lewis Group has a GF Score™ of 93/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lewis Group's Return-on-Tangible-Equity compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Lewis Group ranks #336 out of 1059 companies for Return-on-Tangible-Equity. This puts Lewis Group in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.45. Lewis Group's value of 20.59% is 143.7% above this benchmark. Historically, Lewis Group's own Return-on-Tangible-Equity has ranged from 4.07 to 16.72 over the past decade. While the company's 10-year median is 9.33 vs. the industry median of 8.45, Lewis 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 a Retail - Cyclical company?
The median Return-on-Tangible-Equity among Retail - Cyclical companies is 8.45, based on 1,059 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. Lewis Group's current Return-on-Tangible-Equity of 20.59% is 143.7% 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 Lewis Group and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Equity is 8.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lewis Group's current Return-on-Tangible-Equity is 20.59%, which is 121% above median its own 10-year median of 9.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lewis Group stock overvalued right now?
Based on GuruFocus' analysis, Lewis Group (JSE:LEW) is currently considered Modestly Overvalued. The stock's GF Value™ is R84.07, compared to a current price of R98.41 — trading 17.1% above its estimated fair value. The current Return-on-Tangible-Equity is 20.59%, which is 121% above median its 10-year median of 9.33 and 143.7% above the Retail - Cyclical industry median of 8.45. Lewis Group's overall GF Score™ is 93/100 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 Lewis Group (JSE:LEW), the current Return-on-Tangible-Equity is 20.59% 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 Lewis Group (JSE:LEW) Overvalued in 2026?
Based on GuruFocus' analysis, Lewis Group stock appears to be overvalued.
The current stock price of R98.41 is trading 17.1% above its estimated GF Value™ of R84.07.
GuruFocus considers Lewis Group to be Modestly Overvalued.
Key valuation signals for JSE:LEW:
Return-on-Tangible-Equity: 20.59% (121% above median its 10-year median of 9.33)
GF Value™: R84.07 vs. price of R98.41 (17.1% above fair value)
Industry Position: 143.7% above the Retail - Cyclical median (#336 of 1059)
No single metric tells the full story. See the JSE:LEW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lewis Group Ltd is a South Africa-based retailer of household furniture and electrical appliances through its three trading brands, Lewis, Beares, and Best Home and Electric. Lewis sells a range of household furniture, electrical appliances, and home electronics to customers in the LSM 4 to 7 categories. Best Home and Electric is a retailer of electrical appliances, sound and vision equipment, and furniture, targeting LSM four to seven customers. Its operating segments are Traditional retail and Cash retail. The company generates majority of the revenue from Traditional retail segment. Beares is a retailer of upmarket furniture, electrical appliances, and home electronics to customers in the LSM 6 to 9 categories.
93GF Score
Get the complete analysis for JSE:LEW
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