Avenue SupermartsNSE:DMART +1.45%98 Return-on-Tangible-Equity is 10.79% as of Mar. 2026, which is 29% below its 10-year median of 15.25. GuruFocus rates NSE:DMART with a GF Score™ of 98/100 and a GF Value™ of ₹5,562.35 (Modestly Undervalued). Among 298 Retail - Defensive companies, Avenue Supermarts ranks better than 55.37% 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. Avenue Supermarts's annualized net income for the quarter that ended in Mar. 2026 was ₹26,264 Mil. Avenue Supermarts's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹243,494 Mil. Therefore, Avenue Supermarts's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 10.79%.
The historical rank and industry rank for Avenue Supermarts's Return-on-Tangible-Equity or its related term are showing as below:
NSE:DMART'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 9.54 Med: 15.25 Max: 19.2
Current: 13.02
During the past 13 years, Avenue Supermarts's highest Return-on-Tangible-Equity was 19.20%. The lowest was 9.54%. And the median was 15.25%.
NSE:DMART's Return-on-Tangible-Equity is ranked better than 55.37% of 298
companies
in the Retail - Defensive industry
Industry Median: 11.085
vs NSE:DMART: 13.02
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.
Avenue Supermarts Return-on-Tangible-Equity Related Terms
Avenue Supermarts Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Avenue Supermarts'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:DMART vs WMT, COST, TGT: Return-on-Tangible-Equity Comparison
For the Discount Stores subindustry, Avenue Supermarts'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.
Avenue Supermarts Return-on-Tangible-Equity vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Avenue Supermarts's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Avenue Supermarts'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 10.79% mean?
Avenue Supermarts (NSE:DMART) has a Return-on-Tangible-Equity of 10.79% 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 Avenue Supermarts and its competitors. This is 29% below median its historical median of 15.25. Over the past decade, Avenue Supermarts' Return-on-Tangible-Equity has ranged from 9.54 to 19.20. According to the industry distribution chart, Avenue Supermarts ranks #133 out of 298 companies in the Retail - Defensive industry, placing it in the top 44.6%.
Is Avenue Supermarts' Return-on-Tangible-Equity too high?
Avenue Supermarts' current Return-on-Tangible-Equity of 10.79% is 29% below median its 10-year median of 15.25. Over the past 10 years, this metric has ranged from a low of 9.54 to a high of 19.20. The Retail - Defensive industry median Return-on-Tangible-Equity is 11.09. Avenue Supermarts' value of 10.79% is 2.7% below this industry median. Based on the distribution chart, Avenue Supermarts ranks #133 out of 298 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, Avenue Supermarts has a GF Score™ of 98/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Avenue Supermarts' Return-on-Tangible-Equity compare to WMT and COST?
According to the Retail - Defensive industry distribution chart, Avenue Supermarts ranks #133 out of 298 companies for Return-on-Tangible-Equity. This puts Avenue Supermarts in the upper half of its industry. The industry median Return-on-Tangible-Equity is 11.09. Avenue Supermarts' value of 10.79% is 2.7% below this benchmark. Historically, Avenue Supermarts' own Return-on-Tangible-Equity has ranged from 9.54 to 19.20 over the past decade. While the company's 10-year median is 15.25 vs. the industry median of 11.09, Avenue Supermarts 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 Retail - Defensive company?
The median Return-on-Tangible-Equity among Retail - Defensive companies is 11.09, based on 298 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. Avenue Supermarts's current Return-on-Tangible-Equity of 10.79% is 2.7% 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 Avenue Supermarts and its competitors. For the Retail - Defensive industry, the median Return-on-Tangible-Equity is 11.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Avenue Supermarts's current Return-on-Tangible-Equity is 10.79%, which is 29% below median its own 10-year median of 15.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Avenue Supermarts stock overvalued right now?
Based on GuruFocus' analysis, Avenue Supermarts (NSE:DMART) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹5,562.35, compared to a current price of ₹4,357.00 — trading 21.7% below its estimated fair value. The current Return-on-Tangible-Equity is 10.79%, which is 29% below median its 10-year median of 15.25 and 2.7% below the Retail - Defensive industry median of 11.09. Avenue Supermarts' overall GF Score™ is 98/100. 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 Avenue Supermarts (NSE:DMART), the current Return-on-Tangible-Equity is 10.79% 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 Avenue Supermarts (NSE:DMART) Overvalued in 2026?
Based on GuruFocus' analysis, Avenue Supermarts stock appears to be undervalued.
The current stock price of ₹4,357.00 is trading 21.7% below its estimated GF Value™ of ₹5,562.35.
GuruFocus considers Avenue Supermarts to be Modestly Undervalued.
Key valuation signals for NSE:DMART:
Return-on-Tangible-Equity: 10.79% (29% below median its 10-year median of 15.25)
GF Value™: ₹5,562.35 vs. price of ₹4,357.00 (21.7% below fair value)
Industry Position: 2.7% below the Retail - Defensive median (#133 of 298)
No single metric tells the full story. See the NSE:DMART stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Avenue Supermarts Ltd is an India-based company engaged in the business of organized retail and operates supermarkets under the brand name of D-Mart. It provides products under the categories of Foods, Non-Foods (FMCG) and General Merchandise and Apparel. Foods category includes products such as dairy, staples, groceries, snacks, frozen products, processed foods, beverages and confectionary and fruits and vegetables. Non-Foods (FMCG) comprises home care products, personal care products, toiletries and other over-the-counter products. General Merchandise and Apparel include bed and bath, toys and games, crockery, plastic goods, garments, footwear, utensils and home appliances. The business operations of the company are principally carried out in India.
98GF Score
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