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Black BoxNSE:BBOX -2.56%65 Return-on-Tangible-Equity is 31.82% as of Mar. 2026, which is 67% below its 10-year median of 95.11. GuruFocus rates NSE:BBOX with a GF Score™ of 65/100 and a GF Value™ of ₹502.10 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,476 Software companies, Black Box ranks better than 80.41% 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. Black Box's annualized net income for the quarter that ended in Mar. 2026 was ₹2,590 Mil. Black Box's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹8,141 Mil. Therefore, Black Box's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 31.82%.
The historical rank and industry rank for Black Box's Return-on-Tangible-Equity or its related term are showing as below:
NSE:BBOX'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 37.49 Med: 95.11 Max: 4771.92
Current: 39.93
During the past 13 years, Black Box's highest Return-on-Tangible-Equity was 4,771.92%. The lowest was 37.49%. And the median was 95.11%.
NSE:BBOX's Return-on-Tangible-Equity is ranked better than 80.41% of 2476
companies
in the Software industry
Industry Median: 8.825
vs NSE:BBOX: 39.93
Black Box (NSE:BBOX) Return-on-Tangible-Equity Explanation
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.
Black Box Return-on-Tangible-Equity Related Terms
Black Box Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Black Box'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:BBOX vs UBER, SHOP, CRM: Return-on-Tangible-Equity Comparison
For the Software - Application subindustry, Black Box'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.
Black Box Return-on-Tangible-Equity vs Software Industry
For the Software industry and Technology sector, Black Box's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Black Box'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 31.82% mean?
Black Box (NSE:BBOX) has a Return-on-Tangible-Equity of 31.82% 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 Black Box and its competitors. This is 67% below median its historical median of 95.11. Over the past decade, Black Box's Return-on-Tangible-Equity has ranged from 37.49 to 4,771.92. According to the industry distribution chart, Black Box ranks #485 out of 2476 companies in the Software industry, placing it in the top 19.6%.
Is Black Box's Return-on-Tangible-Equity too high?
Black Box's current Return-on-Tangible-Equity of 31.82% is 67% below median its 10-year median of 95.11. Over the past 10 years, this metric has ranged from a low of 37.49 to a high of 4,771.92. The Software industry median Return-on-Tangible-Equity is 8.83. Black Box's value of 31.82% is 260.6% above this industry median. Based on the distribution chart, Black Box ranks #485 out of 2476 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Black Box has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Black Box's Return-on-Tangible-Equity compare to UBER and SHOP?
According to the Software industry distribution chart, Black Box ranks #485 out of 2476 companies for Return-on-Tangible-Equity. This places Black Box in the top 20% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.83. Black Box's value of 31.82% is 260.6% above this benchmark. Historically, Black Box's own Return-on-Tangible-Equity has ranged from 37.49 to 4,771.92 over the past decade. While the company's 10-year median is 95.11 vs. the industry median of 8.83, Black Box 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 8.83, based on 2,476 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. Black Box's current Return-on-Tangible-Equity of 31.82% is 260.6% 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 Black Box and its competitors. For the Software industry, the median Return-on-Tangible-Equity is 8.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Black Box's current Return-on-Tangible-Equity is 31.82%, which is 67% below median its own 10-year median of 95.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Box stock overvalued right now?
Based on GuruFocus' analysis, Black Box (NSE:BBOX) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹502.10, compared to a current price of ₹898.75 — trading 79% above its estimated fair value. The current Return-on-Tangible-Equity is 31.82%, which is 67% below median its 10-year median of 95.11 and 260.6% above the Software industry median of 8.83. Black Box's overall GF Score™ is 65/100 with 2 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 Black Box (NSE:BBOX), the current Return-on-Tangible-Equity is 31.82% 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 Black Box (NSE:BBOX) Overvalued in 2026?
Based on GuruFocus' analysis, Black Box stock appears to be overvalued.
The current stock price of ₹898.75 is trading 79% above its estimated GF Value™ of ₹502.10.
GuruFocus considers Black Box to be Significantly Overvalued.
Key valuation signals for NSE:BBOX:
Return-on-Tangible-Equity: 31.82% (67% below median its 10-year median of 95.11)
GF Value™: ₹502.10 vs. price of ₹898.75 (79% above fair value)
Industry Position: 260.6% above the Software median (#485 of 2476)
No single metric tells the full story. See the NSE:BBOX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Black Box Ltd along with its subsidiaries provides information, communications technology solutions provider, and an integrator that delivers technology-based solutions across world markets and verticals with a spectrum of applications and services. The company's operating segments are Global System Integration (GSI); Technology Product Solution (TPS) and Others comprising of training and consulting services. It generates maximum revenue from the System Integration (SI) segment. The company exports its product to the Middle East/Africa, North America, Australia, New Zealand, Singapore, and Europe. Its solution line consists of unified communications, network infrastructure, data center, cyber security (CYBER-i), and digital transformation and applications.
65GF Score
Get the complete analysis for NSE:BBOX
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