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Avalon TechnologiesNSE:AVALON +1.58%77 Return-on-Tangible-Equity is 23.01% as of Mar. 2026, which is 35% above its 10-year median of 17.08. GuruFocus rates NSE:AVALON with a GF Score™ of 77/100 and a GF Value™ of ₹1,147.03 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 2,387 Hardware companies, Avalon Technologies ranks better than 82.32% 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. Avalon Technologies's annualized net income for the quarter that ended in Mar. 2026 was ₹1,646 Mil. Avalon Technologies's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹7,153 Mil. Therefore, Avalon Technologies's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 23.01%.
The historical rank and industry rank for Avalon Technologies's Return-on-Tangible-Equity or its related term are showing as below:
NSE:AVALON'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.18 Med: 17.08 Max: 93.57
Current: 17.21
During the past 7 years, Avalon Technologies's highest Return-on-Tangible-Equity was 93.57%. The lowest was 5.18%. And the median was 17.08%.
NSE:AVALON's Return-on-Tangible-Equity is ranked better than 82.32% of 2387
companies
in the Hardware industry
Industry Median: 5.28
vs NSE:AVALON: 17.21
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.
Avalon Technologies Return-on-Tangible-Equity Related Terms
Avalon Technologies Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Avalon Technologies'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:AVALON vs APH, GLW: Return-on-Tangible-Equity Comparison
For the Electronic Components subindustry, Avalon Technologies'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.
Avalon Technologies Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Avalon Technologies's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Avalon Technologies'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 23.01% mean?
Avalon Technologies (NSE:AVALON) has a Return-on-Tangible-Equity of 23.01% 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 Avalon Technologies and its competitors. This is 35% above median its historical median of 17.08. Over the past decade, Avalon Technologies' Return-on-Tangible-Equity has ranged from 5.18 to 93.57. According to the industry distribution chart, Avalon Technologies ranks #422 out of 2387 companies in the Hardware industry, placing it in the top 17.7%.
Is Avalon Technologies' Return-on-Tangible-Equity too high?
Avalon Technologies' current Return-on-Tangible-Equity of 23.01% is 35% above median its 10-year median of 17.08. Over the past 10 years, this metric has ranged from a low of 5.18 to a high of 93.57. The Hardware industry median Return-on-Tangible-Equity is 5.28. Avalon Technologies' value of 23.01% is 335.8% above this industry median. Based on the distribution chart, Avalon Technologies ranks #422 out of 2387 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Avalon Technologies has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Avalon Technologies' Return-on-Tangible-Equity compare to APH and GLW?
According to the Hardware industry distribution chart, Avalon Technologies ranks #422 out of 2387 companies for Return-on-Tangible-Equity. This places Avalon Technologies in the top 18% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.28. Avalon Technologies' value of 23.01% is 335.8% above this benchmark. Historically, Avalon Technologies' own Return-on-Tangible-Equity has ranged from 5.18 to 93.57 over the past decade. While the company's 10-year median is 17.08 vs. the industry median of 5.28, Avalon Technologies 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 5.28, based on 2,387 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. Avalon Technologies's current Return-on-Tangible-Equity of 23.01% is 335.8% 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 Avalon Technologies and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Avalon Technologies's current Return-on-Tangible-Equity is 23.01%, which is 35% above median its own 10-year median of 17.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Avalon Technologies stock overvalued right now?
Based on GuruFocus' analysis, Avalon Technologies (NSE:AVALON) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹1,147.03, compared to a current price of ₹1,748.10 — trading 52.4% above its estimated fair value. The current Return-on-Tangible-Equity is 23.01%, which is 35% above median its 10-year median of 17.08 and 335.8% above the Hardware industry median of 5.28. Avalon Technologies' overall GF Score™ is 77/100 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 Avalon Technologies (NSE:AVALON), the current Return-on-Tangible-Equity is 23.01% 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 Avalon Technologies (NSE:AVALON) Overvalued in 2026?
Based on GuruFocus' analysis, Avalon Technologies stock appears to be overvalued.
The current stock price of ₹1,748.10 is trading 52.4% above its estimated GF Value™ of ₹1,147.03.
GuruFocus considers Avalon Technologies to be Significantly Overvalued.
Key valuation signals for NSE:AVALON:
Return-on-Tangible-Equity: 23.01% (35% above median its 10-year median of 17.08)
GF Value™: ₹1,147.03 vs. price of ₹1,748.10 (52.4% above fair value)
Industry Position: 335.8% above the Hardware median (#422 of 2387)
No single metric tells the full story. See the NSE:AVALON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Avalon Technologies Ltd is a fully integrated electronic manufacturing services company. It is engaged in providing Electronics Manufacturing Services (EMS) with capabilities in printed circuit board assembly, custom cable and wire harnesses, etc. Geographically the company generates the majority of its revenue from India.
77GF Score
Get the complete analysis for NSE:AVALON
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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