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Avance TechnologiesNSE:AVANCE 35 Return-on-Tangible-Equity is 2.50% as of Jun. 2026, which is 2173% above its 10-year median of 0.11. GuruFocus rates NSE:AVANCE with a GF Score™ of 35/100 and a GF Value™ of ₹1.08 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 2,483 Software companies, Avance Technologies ranks worse than 61.5% 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. Avance Technologies's annualized net income for the quarter that ended in Jun. 2026 was ₹99 Mil. Avance Technologies's average shareholder tangible equity for the quarter that ended in Jun. 2026 was ₹3,942 Mil. Therefore, Avance Technologies's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was 2.50%.
The historical rank and industry rank for Avance Technologies's Return-on-Tangible-Equity or its related term are showing as below:
NSE:AVANCE'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -14.79 Med: 0.11 Max: 3.65
Current: 3.65
During the past 13 years, Avance Technologies's highest Return-on-Tangible-Equity was 3.65%. The lowest was -14.79%. And the median was 0.11%.
NSE:AVANCE's Return-on-Tangible-Equity is ranked worse than 61.5% of 2483
companies
in the Software industry
Industry Median: 9.9
vs NSE:AVANCE: 3.65
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.
Avance Technologies Return-on-Tangible-Equity Related Terms
Avance Technologies Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Avance 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:AVANCE vs : Return-on-Tangible-Equity Comparison
For the Information Technology Services subindustry, Avance 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.
Avance Technologies Return-on-Tangible-Equity vs Software Industry
For the Software industry and Technology sector, Avance Technologies's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Avance 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 (Jun. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 2.50% mean?
Avance Technologies (NSE:AVANCE) has a Return-on-Tangible-Equity of 2.50% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Avance Technologies and its competitors. This is 2173% above median its historical median of 0.11. According to the industry distribution chart, Avance Technologies ranks #1527 out of 2483 companies in the Software industry, placing it in the top 61.5%.
Is Avance Technologies' Return-on-Tangible-Equity too high?
Avance Technologies' current Return-on-Tangible-Equity of 2.50% is 2173% above median its 10-year median of 0.11. The Software industry median Return-on-Tangible-Equity is 9.90. Avance Technologies' value of 2.50% is 74.7% below this industry median. Based on the distribution chart, Avance Technologies ranks #1527 out of 2483 companies in the Software industry, which is below the industry midpoint. Overall, Avance Technologies has a GF Score™ of 35/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Avance Technologies' Return-on-Tangible-Equity compare to ?
According to the Software industry distribution chart, Avance Technologies ranks #1527 out of 2483 companies for Return-on-Tangible-Equity. This places Avance Technologies in the lower half of its industry. The industry median Return-on-Tangible-Equity is 9.90. Avance Technologies' value of 2.50% is 74.7% below this benchmark. While the company's 10-year median is 0.11 vs. the industry median of 9.90, Avance Technologies has consistently been below 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 9.90, based on 2,483 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. Avance Technologies's current Return-on-Tangible-Equity of 2.50% is 74.7% below 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 Avance Technologies and its competitors. For the Software industry, the median Return-on-Tangible-Equity is 9.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Avance Technologies's current Return-on-Tangible-Equity is 2.50%, which is 2173% above median its own 10-year median of 0.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Avance Technologies stock overvalued right now?
Based on GuruFocus' analysis, Avance Technologies (NSE:AVANCE) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1.08, compared to a current price of ₹0.88 — trading 18.5% below its estimated fair value. The current Return-on-Tangible-Equity is 2.50%, which is 2173% above median its 10-year median of 0.11 and 74.7% below the Software industry median of 9.90. Avance Technologies' overall GF Score™ is 35/100 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 Avance Technologies (NSE:AVANCE), the current Return-on-Tangible-Equity is 2.50% as of Jun. 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 Avance Technologies (NSE:AVANCE) Overvalued in 2026?
Based on GuruFocus' analysis, Avance Technologies stock appears to be undervalued.
The current stock price of ₹0.88 is trading 18.5% below its estimated GF Value™ of ₹1.08.
GuruFocus considers Avance Technologies to be Modestly Undervalued.
Key valuation signals for NSE:AVANCE:
Return-on-Tangible-Equity: 2.50% (2173% above median its 10-year median of 0.11)
GF Value™: ₹1.08 vs. price of ₹0.88 (18.5% below fair value)
Industry Position: 74.7% below the Software median (#1527 of 2483)
No single metric tells the full story. See the NSE:AVANCE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Avance Technologies Ltd operates in software-related products. It offers technology solutions to help businesses optimize their digital ecosystems. The company's key services include: digital infrastructure solutions, embedded device management, hybrid infrastructure services, cloud integration and management, data center management and optimization, and IoT infrastructure management, among others. It caters to the technological needs of businesses across various sectors such as healthcare, finance, manufacturing, and hospitality.
35GF Score
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