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Honeywell Automation IndiaNSE:HONAUT -1.48%89 Return-on-Tangible-Equity is 14.31% as of Mar. 2026, which is 5% below its 10-year median of 15.08. GuruFocus rates NSE:HONAUT with a GF Score™ of 89/100 and a GF Value™ of ₹46,922.39 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 2,974 Industrial Products companies, Honeywell Automation India ranks better than 71.25% 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. Honeywell Automation India's annualized net income for the quarter that ended in Mar. 2026 was ₹6,388 Mil. Honeywell Automation India's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹44,625 Mil. Therefore, Honeywell Automation India's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 14.31%.
The historical rank and industry rank for Honeywell Automation India's Return-on-Tangible-Equity or its related term are showing as below:
NSE:HONAUT'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 12.35 Med: 15.08 Max: 25.04
Current: 12.41
During the past 13 years, Honeywell Automation India's highest Return-on-Tangible-Equity was 25.04%. The lowest was 12.35%. And the median was 15.08%.
NSE:HONAUT's Return-on-Tangible-Equity is ranked better than 71.25% of 2974
companies
in the Industrial Products industry
Industry Median: 6.775
vs NSE:HONAUT: 12.41
Honeywell Automation India (NSE:HONAUT) 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.
Honeywell Automation India Return-on-Tangible-Equity Related Terms
Honeywell Automation India Return-on-Tangible-Equity Historical Data
* 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.
Honeywell Automation India Return-on-Tangible-Equity Chart
NSE:HONAUT vs VRT, BE: Return-on-Tangible-Equity Comparison
For the Electrical Equipment & Parts subindustry, Honeywell Automation 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.
Honeywell Automation India Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Honeywell Automation India's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Honeywell Automation 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 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 14.31% mean?
Honeywell Automation India (NSE:HONAUT) has a Return-on-Tangible-Equity of 14.31% 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 Honeywell Automation India and its competitors. This is near median its historical median of 15.08. Over the past decade, Honeywell Automation India's Return-on-Tangible-Equity has ranged from 12.35 to 25.04. According to the industry distribution chart, Honeywell Automation India ranks #855 out of 2974 companies in the Industrial Products industry, placing it in the top 28.7%.
Is Honeywell Automation India's Return-on-Tangible-Equity too high?
Honeywell Automation India's current Return-on-Tangible-Equity of 14.31% is near median its 10-year median of 15.08. Over the past 10 years, this metric has ranged from a low of 12.35 to a high of 25.04. The Industrial Products industry median Return-on-Tangible-Equity is 6.78. Honeywell Automation India's value of 14.31% is 111.2% above this industry median. Based on the distribution chart, Honeywell Automation India ranks #855 out of 2974 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Honeywell Automation India has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Honeywell Automation India's Return-on-Tangible-Equity compare to VRT and BE?
According to the Industrial Products industry distribution chart, Honeywell Automation India ranks #855 out of 2974 companies for Return-on-Tangible-Equity. This puts Honeywell Automation India in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.78. Honeywell Automation India's value of 14.31% is 111.2% above this benchmark. Historically, Honeywell Automation India's own Return-on-Tangible-Equity has ranged from 12.35 to 25.04 over the past decade. While the company's 10-year median is 15.08 vs. the industry median of 6.78, Honeywell Automation 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 an Industrial Products company?
The median Return-on-Tangible-Equity among Industrial Products companies is 6.78, based on 2,974 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. Honeywell Automation India's current Return-on-Tangible-Equity of 14.31% is 111.2% 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 Honeywell Automation India and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Honeywell Automation India's current Return-on-Tangible-Equity is 14.31%, which is near median its own 10-year median of 15.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Honeywell Automation India stock overvalued right now?
Based on GuruFocus' analysis, Honeywell Automation India (NSE:HONAUT) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹46,922.39, compared to a current price of ₹37,345.00 — trading 20.4% below its estimated fair value. The current Return-on-Tangible-Equity is 14.31%, which is near median its 10-year median of 15.08 and 111.2% above the Industrial Products industry median of 6.78. Honeywell Automation India's overall GF Score™ is 89/100 with 8 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 Honeywell Automation India (NSE:HONAUT), the current Return-on-Tangible-Equity is 14.31% 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 Honeywell Automation India (NSE:HONAUT) Overvalued in 2026?
Based on GuruFocus' analysis, Honeywell Automation India stock appears to be undervalued.
The current stock price of ₹37,345.00 is trading 20.4% below its estimated GF Value™ of ₹46,922.39.
GuruFocus considers Honeywell Automation India to be Modestly Undervalued.
Key valuation signals for NSE:HONAUT:
Return-on-Tangible-Equity: 14.31% (near median its 10-year median of 15.08)
GF Value™: ₹46,922.39 vs. price of ₹37,345.00 (20.4% below fair value)
Industry Position: 111.2% above the Industrial Products median (#855 of 2974)
No single metric tells the full story. See the NSE:HONAUT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Honeywell Automation India Ltd provides automation and control systems in India and internationally. The company offers distributed control systems, transmitters, programmable logic controllers, emergency shutdown systems, quality control systems, software solutions, industrial Internet of Things solutions, and comprehensive life cycle services. It also provides building management systems, fire detection and alarm systems, access control systems, video surveillance systems, integrated security systems, and integrated building management systems. The company operates in a single segment, Automation and Control Systems, and derives a majority of its revenue from India.
89GF Score
Get the complete analysis for NSE:HONAUT
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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