Astra Microwave ProductsNSE:ASTRAMICRO +1.32%78 Return-on-Tangible-Equity is 32.39% as of Mar. 2026, which is 167% above its 10-year median of 12.12. GuruFocus rates NSE:ASTRAMICRO with a GF Score™ of 78/100 and a GF Value™ of ₹1,020.79 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 2,377 Hardware companies, Astra Microwave Products ranks better than 81.03% 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. Astra Microwave Products's annualized net income for the quarter that ended in Mar. 2026 was ₹4,239 Mil. Astra Microwave Products's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹13,086 Mil. Therefore, Astra Microwave Products's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 32.39%.
The historical rank and industry rank for Astra Microwave Products's Return-on-Tangible-Equity or its related term are showing as below:
NSE:ASTRAMICRO'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.95 Med: 12.12 Max: 16.27
Current: 16.27
During the past 13 years, Astra Microwave Products's highest Return-on-Tangible-Equity was 16.27%. The lowest was 1.95%. And the median was 12.12%.
NSE:ASTRAMICRO's Return-on-Tangible-Equity is ranked better than 81.03% of 2377
companies
in the Hardware industry
Industry Median: 5.27
vs NSE:ASTRAMICRO: 16.27
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.
Astra Microwave Products Return-on-Tangible-Equity Related Terms
Astra Microwave Products Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Astra Microwave Products'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.
NSE:ASTRAMICRO vs CSCO, CIEN, MSI: Return-on-Tangible-Equity Comparison
For the Communication Equipment subindustry, Astra Microwave Products'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.
Astra Microwave Products Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Astra Microwave Products's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Astra Microwave Products'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 32.39% mean?
Astra Microwave Products (NSE:ASTRAMICRO) has a Return-on-Tangible-Equity of 32.39% 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 Astra Microwave Products and its competitors. This is 167% above median its historical median of 12.12. Over the past decade, Astra Microwave Products' Return-on-Tangible-Equity has ranged from 1.95 to 16.27. According to the industry distribution chart, Astra Microwave Products ranks #451 out of 2377 companies in the Hardware industry, placing it in the top 19%.
Is Astra Microwave Products' Return-on-Tangible-Equity too high?
Astra Microwave Products' current Return-on-Tangible-Equity of 32.39% is 167% above median its 10-year median of 12.12. Over the past 10 years, this metric has ranged from a low of 1.95 to a high of 16.27. The Hardware industry median Return-on-Tangible-Equity is 5.27. Astra Microwave Products' value of 32.39% is 514.6% above this industry median. Based on the distribution chart, Astra Microwave Products ranks #451 out of 2377 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Astra Microwave Products has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Astra Microwave Products' Return-on-Tangible-Equity compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Astra Microwave Products ranks #451 out of 2377 companies for Return-on-Tangible-Equity. This places Astra Microwave Products in the top 19% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.27. Astra Microwave Products' value of 32.39% is 514.6% above this benchmark. Historically, Astra Microwave Products' own Return-on-Tangible-Equity has ranged from 1.95 to 16.27 over the past decade. While the company's 10-year median is 12.12 vs. the industry median of 5.27, Astra Microwave Products 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 Hardware company?
The median Return-on-Tangible-Equity among Hardware companies is 5.27, based on 2,377 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. Astra Microwave Products's current Return-on-Tangible-Equity of 32.39% is 514.6% 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 Astra Microwave Products and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Astra Microwave Products's current Return-on-Tangible-Equity is 32.39%, which is 167% above median its own 10-year median of 12.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Astra Microwave Products stock overvalued right now?
Based on GuruFocus' analysis, Astra Microwave Products (NSE:ASTRAMICRO) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹1,020.79, compared to a current price of ₹1,833.10 — trading 79.6% above its estimated fair value. The current Return-on-Tangible-Equity is 32.39%, which is 167% above median its 10-year median of 12.12 and 514.6% above the Hardware industry median of 5.27. Astra Microwave Products' overall GF Score™ is 78/100 with 7 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 Astra Microwave Products (NSE:ASTRAMICRO), the current Return-on-Tangible-Equity is 32.39% 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 Astra Microwave Products (NSE:ASTRAMICRO) Overvalued in 2026?
Based on GuruFocus' analysis, Astra Microwave Products stock appears to be overvalued.
The current stock price of ₹1,833.10 is trading 79.6% above its estimated GF Value™ of ₹1,020.79.
GuruFocus considers Astra Microwave Products to be Significantly Overvalued.
Key valuation signals for NSE:ASTRAMICRO:
Return-on-Tangible-Equity: 32.39% (167% above median its 10-year median of 12.12)
GF Value™: ₹1,020.79 vs. price of ₹1,833.10 (79.6% above fair value)
Industry Position: 514.6% above the Hardware median (#451 of 2377)
No single metric tells the full story. See the NSE:ASTRAMICRO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Astra Microwave Products Ltd is engaged in designing and manufacturing radio frequency (RF) and microwave super components and sub-systems finding applications in defense, space, telecom, meteorology, and civil communication systems. The principal activity of the company is to carry on the business to manufacture, produce, assemble, repair, maintain, importing, export, buy, sell, or otherwise deal in all kinds of electronic items and components.
78GF Score
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