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BSENSE:BSE -0.87%87 Return-on-Tangible-Equity is 48.70% as of Mar. 2026, which is 412% above its 10-year median of 9.52. GuruFocus rates NSE:BSE with a GF Score™ of 87/100 and a GF Value™ of ₹3,926.90 (Fairly Valued). Among 782 Capital Markets companies, BSE ranks better than 91.05% 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. BSE's annualized net income for the quarter that ended in Mar. 2026 was ₹31,893 Mil. BSE's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹65,495 Mil. Therefore, BSE's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 48.70%.
The historical rank and industry rank for BSE's Return-on-Tangible-Equity or its related term are showing as below:
NSE:BSE'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.71 Med: 9.52 Max: 46.81
Current: 46.81
During the past 13 years, BSE's highest Return-on-Tangible-Equity was 46.81%. The lowest was 4.71%. And the median was 9.52%.
NSE:BSE's Return-on-Tangible-Equity is ranked better than 91.05% of 782
companies
in the Capital Markets industry
Industry Median: 6.52
vs NSE:BSE: 46.81
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.
BSE Return-on-Tangible-Equity Related Terms
BSE Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for BSE'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:BSE vs SPGI, CME, MCO: Return-on-Tangible-Equity Comparison
For the Financial Data & Stock Exchanges subindustry, BSE'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.
BSE Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, BSE's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where BSE'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 48.70% mean?
BSE (NSE:BSE) has a Return-on-Tangible-Equity of 48.70% 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 BSE and its competitors. This is 412% above median its historical median of 9.52. Over the past decade, BSE's Return-on-Tangible-Equity has ranged from 4.71 to 46.81. According to the industry distribution chart, BSE ranks #70 out of 782 companies in the Capital Markets industry, placing it in the top 9%.
Is BSE's Return-on-Tangible-Equity too high?
BSE's current Return-on-Tangible-Equity of 48.70% is 412% above median its 10-year median of 9.52. Over the past 10 years, this metric has ranged from a low of 4.71 to a high of 46.81. The Capital Markets industry median Return-on-Tangible-Equity is 6.52. BSE's value of 48.70% is 646.9% above this industry median. Based on the distribution chart, BSE ranks #70 out of 782 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, BSE has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BSE's Return-on-Tangible-Equity compare to SPGI and CME?
According to the Capital Markets industry distribution chart, BSE ranks #70 out of 782 companies for Return-on-Tangible-Equity. This places BSE in the top 9% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.52. BSE's value of 48.70% is 646.9% above this benchmark. Historically, BSE's own Return-on-Tangible-Equity has ranged from 4.71 to 46.81 over the past decade. While the company's 10-year median is 9.52 vs. the industry median of 6.52, BSE 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 Capital Markets company?
The median Return-on-Tangible-Equity among Capital Markets companies is 6.52, based on 782 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. BSE's current Return-on-Tangible-Equity of 48.70% is 646.9% 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 BSE and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BSE's current Return-on-Tangible-Equity is 48.70%, which is 412% above median its own 10-year median of 9.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BSE stock overvalued right now?
Based on GuruFocus' analysis, BSE (NSE:BSE) is currently considered Fairly Valued. The stock's GF Value™ is ₹3,926.90, compared to a current price of ₹3,632.20 — trading 7.5% below its estimated fair value. The current Return-on-Tangible-Equity is 48.70%, which is 412% above median its 10-year median of 9.52 and 646.9% above the Capital Markets industry median of 6.52. BSE's overall GF Score™ is 87/100. 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 BSE (NSE:BSE), the current Return-on-Tangible-Equity is 48.70% 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 BSE (NSE:BSE) Overvalued in 2026?
Based on GuruFocus' analysis, BSE stock appears to be undervalued.
The current stock price of ₹3,632.20 is trading 7.5% below its estimated GF Value™ of ₹3,926.90.
GuruFocus considers BSE to be Fairly Valued.
Key valuation signals for NSE:BSE:
Return-on-Tangible-Equity: 48.70% (412% above median its 10-year median of 9.52)
GF Value™: ₹3,926.90 vs. price of ₹3,632.20 (7.5% below fair value)
Industry Position: 646.9% above the Capital Markets median (#70 of 782)
No single metric tells the full story. See the NSE:BSE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BSE Ltd operates as a stock exchange and is one of the exchange groups in India. The company operates through one segment namely Stock Exchange Operations i.e. Facilitating Trading in Securities and other related ancillary Services, while generating a majority of its revenues through stock exchange activities. It predominantly provides a trading platform for over 5000 companies that are listed on its exchange. The exchange offers various services such as trading in equity, debt instruments, derivatives, and mutual funds. BSE also offers its customers other services such as risk management, market data services, and educational programs. Geographically, the company generates a majority of its revenue from its customers within India.
87GF Score
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