HardideLSE:HDD +2.90%38 Return-on-Tangible-Equity is 54.22% as of Mar. 2026. GuruFocus rates LSE:HDD with a GF Score™ of 38/100 and a GF Value™ of £0.14 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,567 Chemicals companies, Hardide ranks better than 95.6% 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. Hardide's annualized net income for the quarter that ended in Mar. 2026 was £2.45 Mil. Hardide's average shareholder tangible equity for the quarter that ended in Mar. 2026 was £4.52 Mil. Therefore, Hardide's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 54.22%.
The historical rank and industry rank for Hardide's Return-on-Tangible-Equity or its related term are showing as below:
LSE:HDD'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -36.09 Med: -26.06 Max: 34.74
Current: 34.74
During the past 13 years, Hardide's highest Return-on-Tangible-Equity was 34.74%. The lowest was -36.09%. And the median was -26.06%.
LSE:HDD's Return-on-Tangible-Equity is ranked better than 95.6% of 1567
companies
in the Chemicals industry
Industry Median: 5.7
vs LSE:HDD: 34.74
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.
Hardide Return-on-Tangible-Equity Related Terms
Hardide Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Hardide'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.
LSE:HDD vs LIN, SHW, ECL: Return-on-Tangible-Equity Comparison
For the Specialty Chemicals subindustry, Hardide'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.
Hardide Return-on-Tangible-Equity vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Hardide's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Hardide'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 54.22% mean?
Hardide (LSE:HDD) has a Return-on-Tangible-Equity of 54.22% 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 Hardide and its competitors. According to the industry distribution chart, Hardide ranks #69 out of 1567 companies in the Chemicals industry, placing it in the top 4.4%.
Is Hardide's Return-on-Tangible-Equity too high?
Hardide's current Return-on-Tangible-Equity is 54.22%. The Chemicals industry median Return-on-Tangible-Equity is 5.70. Hardide's value of 54.22% is 851.2% above this industry median. Based on the distribution chart, Hardide ranks #69 out of 1567 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Hardide has a GF Score™ of 38/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hardide's Return-on-Tangible-Equity compare to LIN and SHW?
According to the Chemicals industry distribution chart, Hardide ranks #69 out of 1567 companies for Return-on-Tangible-Equity. This places Hardide in the top 4% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.70. Hardide's value of 54.22% is 851.2% above this benchmark. 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 Chemicals company?
The median Return-on-Tangible-Equity among Chemicals companies is 5.70, based on 1,567 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. Hardide's current Return-on-Tangible-Equity of 54.22% is 851.2% 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 Hardide and its competitors. For the Chemicals industry, the median Return-on-Tangible-Equity is 5.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hardide's current Return-on-Tangible-Equity is 54.22%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hardide stock overvalued right now?
Based on GuruFocus' analysis, Hardide (LSE:HDD) is currently considered Significantly Overvalued. The stock's GF Value™ is £0.14, compared to a current price of £0.71 — trading 407.1% above its estimated fair value. The current Return-on-Tangible-Equity is 54.22% and 851.2% above the Chemicals industry median of 5.70. Hardide's overall GF Score™ is 38/100 with 5 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 Hardide (LSE:HDD), the current Return-on-Tangible-Equity is 54.22% 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 Hardide (LSE:HDD) Overvalued in 2026?
Based on GuruFocus' analysis, Hardide stock appears to be overvalued.
The current stock price of £0.71 is trading 407.1% above its estimated GF Value™ of £0.14.
GuruFocus considers Hardide to be Significantly Overvalued.
Key valuation signals for LSE:HDD:
Return-on-Tangible-Equity: 54.22%
GF Value™: £0.14 vs. price of £0.71 (407.1% above fair value)
Industry Position: 851.2% above the Chemicals median (#69 of 1567)
No single metric tells the full story. See the LSE:HDD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hardide PLC is a UK-based company that acts as a provider of tungsten carbide coatings for metal components operating in abrasive, erosive, corrosive, and chemically aggressive environments. The company provides nanostructured and patented, low-temperature chemical vapour deposition coating which provides wear and corrosion resistance and combines toughness with ductility. It extends the life of critical components across high-value industries and applications including oil and gas, pumps, aerospace, petrochemical, power generation, defense, industrial tooling, and others. The company has it's reportable segments namely UK operation, United States operation and Corporate Central Functions. The majority of the company's revenue is generated from United Kingdom operations.
38GF Score
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