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SubexLSE:SBXA 62 Return-on-Tangible-Equity is 27.07% as of Mar. 2026, which is 173% above its 10-year median of 9.90. GuruFocus rates LSE:SBXA with a GF Score™ of 62/100. The stock has 5 warning signs investors should review. Among 2,482 Software companies, Subex ranks better than 69.5% 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. Subex's annualized net income for the quarter that ended in Mar. 2026 was £3.21 Mil. Subex's average shareholder tangible equity for the quarter that ended in Mar. 2026 was £11.85 Mil. Therefore, Subex's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 27.07%.
The historical rank and industry rank for Subex's Return-on-Tangible-Equity or its related term are showing as below:
LSE:SBXA'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -175.64 Med: 9.9 Max: 28.74
Current: 22.43
During the past 13 years, Subex's highest Return-on-Tangible-Equity was 28.74%. The lowest was -175.64%. And the median was 9.90%.
LSE:SBXA's Return-on-Tangible-Equity is ranked better than 69.5% of 2482
companies
in the Software industry
Industry Median: 8.845
vs LSE:SBXA: 22.43
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.
Subex Return-on-Tangible-Equity Related Terms
Subex Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Subex'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:SBXA vs UBER, SHOP, CRM: Return-on-Tangible-Equity Comparison
For the Software - Application subindustry, Subex'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.
Subex Return-on-Tangible-Equity vs Software Industry
For the Software industry and Technology sector, Subex's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Subex'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 27.07% mean?
Subex (LSE:SBXA) has a Return-on-Tangible-Equity of 27.07% 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 Subex and its competitors. This is 173% above median its historical median of 9.90. According to the industry distribution chart, Subex ranks #757 out of 2482 companies in the Software industry, placing it in the top 30.5%.
Is Subex's Return-on-Tangible-Equity too high?
Subex's current Return-on-Tangible-Equity of 27.07% is 173% above median its 10-year median of 9.90. The Software industry median Return-on-Tangible-Equity is 8.85. Subex's value of 27.07% is 206% above this industry median. Based on the distribution chart, Subex ranks #757 out of 2482 companies in the Software industry, which is above the industry midpoint. Overall, Subex has a GF Score™ of 62/100, reflecting its overall financial health beyond just this single metric.
How does Subex's Return-on-Tangible-Equity compare to UBER and SHOP?
According to the Software industry distribution chart, Subex ranks #757 out of 2482 companies for Return-on-Tangible-Equity. This puts Subex in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.85. Subex's value of 27.07% is 206% above this benchmark. While the company's 10-year median is 9.90 vs. the industry median of 8.85, Subex 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 Software company?
The median Return-on-Tangible-Equity among Software companies is 8.85, based on 2,482 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. Subex's current Return-on-Tangible-Equity of 27.07% is 206% 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 Subex and its competitors. For the Software industry, the median Return-on-Tangible-Equity is 8.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Subex's current Return-on-Tangible-Equity is 27.07%, which is 173% above median its own 10-year median of 9.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Subex stock overvalued right now?
Subex (LSE:SBXA) has a current Return-on-Tangible-Equity of 27.07%. The current Return-on-Tangible-Equity is 27.07%, which is 173% above median its 10-year median of 9.90 and 206% above the Software industry median of 8.85. Subex's overall GF Score™ is 62/100 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 Subex (LSE:SBXA), the current Return-on-Tangible-Equity is 27.07% 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.
AddressOuter Ring Road, Block-9, 4th Floor, B Wing, Survey No. 51 to 64/4, Pritech Park-SEZ, Bellandur Village, Varthur Hobli, Bangalore, KA, IND, 560103
Subex Ltd is an Indian-based company providing telecom AI solutions. The company offers managed and business consulting services. The company enables Communications Service Providers (CSPs) to provide good digital connections for customers. The product portfolio of the company includes ROC revenue assurance, ROC fraud management, Enterprise Asset Management, Partner Management, and others. Geographically, the company generates the majority of its revenue from Europe, the Middle East, and Africa (EMEA).
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