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. Frog Innovations's annualized net income for the quarter that ended in Sep. 2025 was ₹-20 Mil. Frog Innovations's average shareholder tangible equity for the quarter that ended in Sep. 2025 was ₹1,539 Mil. Therefore, Frog Innovations's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2025 was -1.33%.
The historical rank and industry rank for Frog Innovations's Return-on-Tangible-Equity or its related term are showing as below:
NSE:FROG'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.89 Med: 16.85 Max: 33.19
Current: 11.65
During the past 6 years, Frog Innovations's highest Return-on-Tangible-Equity was 33.19%. The lowest was 3.89%. And the median was 16.85%.
NSE:FROG's Return-on-Tangible-Equity is ranked better than 71.16% of 2379
companies
in the Hardware industry
Industry Median: 5.28
vs NSE:FROG: 11.65
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.
Frog Innovations Return-on-Tangible-Equity Related Terms
Frog Innovations Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Frog Innovations'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:FROG vs CSCO, CIEN, MSI: Return-on-Tangible-Equity Comparison
For the Communication Equipment subindustry, Frog Innovations'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.
Frog Innovations Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Frog Innovations's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Frog Innovations'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 -1.33% mean?
Frog Innovations (NSE:FROG) has a Return-on-Tangible-Equity of -1.33% 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 Frog Innovations and its competitors. Over the past decade, Frog Innovations' Return-on-Tangible-Equity has ranged from 3.89 to 33.19. According to the industry distribution chart, Frog Innovations ranks #686 out of 2379 companies in the Hardware industry, placing it in the top 28.8%.
Is Frog Innovations' Return-on-Tangible-Equity too high?
Frog Innovations' current Return-on-Tangible-Equity is -1.33%. Over the past 10 years, this metric has ranged from a low of 3.89 to a high of 33.19. Based on the distribution chart, Frog Innovations ranks #686 out of 2379 companies in the Hardware industry, which is above the industry midpoint. Overall, Frog Innovations has a GF Score™ of 70/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Frog Innovations' Return-on-Tangible-Equity compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Frog Innovations ranks #686 out of 2379 companies for Return-on-Tangible-Equity. This puts Frog Innovations in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.28. Historically, Frog Innovations' own Return-on-Tangible-Equity has ranged from 3.89 to 33.19 over the past decade. 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 Hardware company?
The median Return-on-Tangible-Equity among Hardware companies is 5.28, based on 2,379 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. 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 Frog Innovations and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Frog Innovations's current Return-on-Tangible-Equity is -1.33%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Frog Innovations stock overvalued right now?
Based on GuruFocus' analysis, Frog Innovations (NSE:FROG) is currently considered Possible Value Trap. The stock's GF Value™ is ₹346.32, compared to a current price of ₹177.50 — trading 48.7% below its estimated fair value. The current Return-on-Tangible-Equity is -1.33%. Frog Innovations' overall GF Score™ is 70/100 with 3 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 Frog Innovations (NSE:FROG), the current Return-on-Tangible-Equity is -1.33% 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 Frog Innovations (NSE:FROG) Overvalued in 2026?
Based on GuruFocus' analysis, Frog Innovations stock appears to be undervalued.
The current stock price of ₹177.50 is trading 48.7% below its estimated GF Value™ of ₹346.32.
GuruFocus considers Frog Innovations to be Possible Value Trap.
Key valuation signals for NSE:FROG:
Return-on-Tangible-Equity: -1.33%
GF Value™: ₹346.32 vs. price of ₹177.50 (48.7% below fair value)
No single metric tells the full story. See the NSE:FROG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Frog Innovations Ltd is a company engaged in manufacturing telecom equipment used by telecom operators, especially in Telecom Towers. The company manufactures 2G/3G/4G/5G Multi-band Digital RF Repeaters, Multi-band Frequency Shift Repeaters, Multi-band Optical DAS systems, relative software, and accessories. The company also offers In-Building Coverage Planning and Design services along with Radio Access Network (RAN) and Backhaul Network installation services. The company collectively operates only in one business segment manufacturing and installation of in-building coverage solutions and mobile network accessories for mobile service providers and operators. It provides its products and services across Asia, Europe, Africa, and the Middle East.
70GF Score
Get the complete analysis for NSE:FROG
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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