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Foce IndiaNSE:FOCE 80 Return-on-Tangible-Equity is 14.22% as of Sep. 2025, which is 30% below its 10-year median of 20.46. GuruFocus rates NSE:FOCE with a GF Score™ of 80/100 and a GF Value™ of ₹769.79 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,060 Retail - Cyclical companies, Foce India ranks better than 68.49% 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. Foce India's annualized net income for the quarter that ended in Sep. 2025 was ₹116 Mil. Foce India's average shareholder tangible equity for the quarter that ended in Sep. 2025 was ₹817 Mil. Therefore, Foce India's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2025 was 14.22%.
The historical rank and industry rank for Foce India's Return-on-Tangible-Equity or its related term are showing as below:
NSE:FOCE'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 17.06 Med: 20.46 Max: 36.6
Current: 17.06
During the past 7 years, Foce India's highest Return-on-Tangible-Equity was 36.60%. The lowest was 17.06%. And the median was 20.46%.
NSE:FOCE's Return-on-Tangible-Equity is ranked better than 68.49% of 1060
companies
in the Retail - Cyclical industry
Industry Median: 8.455
vs NSE:FOCE: 17.06
Foce India (NSE:FOCE) 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.
Foce India Return-on-Tangible-Equity Related Terms
Foce India Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Foce India'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:FOCE vs TPR: Return-on-Tangible-Equity Comparison
For the Luxury Goods subindustry, Foce India'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.
Foce India Return-on-Tangible-Equity vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Foce India's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Foce India'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 two times the semi-annual (Sep. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 14.22% mean?
Foce India (NSE:FOCE) has a Return-on-Tangible-Equity of 14.22% as of Sep. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Foce India and its competitors. This is 30% below median its historical median of 20.46. Over the past decade, Foce India's Return-on-Tangible-Equity has ranged from 17.06 to 36.60. According to the industry distribution chart, Foce India ranks #334 out of 1060 companies in the Retail - Cyclical industry, placing it in the top 31.5%.
Is Foce India's Return-on-Tangible-Equity too high?
Foce India's current Return-on-Tangible-Equity of 14.22% is 30% below median its 10-year median of 20.46. Over the past 10 years, this metric has ranged from a low of 17.06 to a high of 36.60. The Retail - Cyclical industry median Return-on-Tangible-Equity is 8.46. Foce India's value of 14.22% is 68.2% above this industry median. Based on the distribution chart, Foce India ranks #334 out of 1060 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Foce India has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Foce India's Return-on-Tangible-Equity compare to TPR?
According to the Retail - Cyclical industry distribution chart, Foce India ranks #334 out of 1060 companies for Return-on-Tangible-Equity. This puts Foce India in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.46. Foce India's value of 14.22% is 68.2% above this benchmark. Historically, Foce India's own Return-on-Tangible-Equity has ranged from 17.06 to 36.60 over the past decade. While the company's 10-year median is 20.46 vs. the industry median of 8.46, Foce India 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 Retail - Cyclical company?
The median Return-on-Tangible-Equity among Retail - Cyclical companies is 8.46, based on 1,060 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. Foce India's current Return-on-Tangible-Equity of 14.22% is 68.2% 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 Foce India and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Equity is 8.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Foce India's current Return-on-Tangible-Equity is 14.22%, which is 30% below median its own 10-year median of 20.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Foce India stock overvalued right now?
Based on GuruFocus' analysis, Foce India (NSE:FOCE) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹769.79, compared to a current price of ₹604.80 — trading 21.4% below its estimated fair value. The current Return-on-Tangible-Equity is 14.22%, which is 30% below median its 10-year median of 20.46 and 68.2% above the Retail - Cyclical industry median of 8.46. Foce India's overall GF Score™ is 80/100 with 4 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 Foce India (NSE:FOCE), the current Return-on-Tangible-Equity is 14.22% as of Sep. 2025. 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 Foce India (NSE:FOCE) Overvalued in 2026?
Based on GuruFocus' analysis, Foce India stock appears to be undervalued.
The current stock price of ₹604.80 is trading 21.4% below its estimated GF Value™ of ₹769.79.
GuruFocus considers Foce India to be Modestly Undervalued.
Key valuation signals for NSE:FOCE:
Return-on-Tangible-Equity: 14.22% (30% below median its 10-year median of 20.46)
GF Value™: ₹769.79 vs. price of ₹604.80 (21.4% below fair value)
Industry Position: 68.2% above the Retail - Cyclical median (#334 of 1060)
No single metric tells the full story. See the NSE:FOCE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Foce India Ltd manufactures and imports wrist watches under various brand names. It mainly focuses on offering watches in the mid-range segment with distribution of many retail stores across the country, with an imposing list of clientele in the corporate segment. The company's product portfolio comprises analog watches, automatic watches, multifunction watches, and sunglasses across metal, silicon, and leather categories. The group's operating business segments are: Trading Activities and Renting of Immovable Property. Geographically, it operates only in India.
80GF Score
Get the complete analysis for NSE:FOCE
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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