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. Mindspace Business Parks REIT's annualized net income for the quarter that ended in Mar. 2026 was ₹7,942 Mil. Mindspace Business Parks REIT's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹150,467 Mil. Therefore, Mindspace Business Parks REIT's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 5.28%.
The historical rank and industry rank for Mindspace Business Parks REIT's Return-on-Tangible-Equity or its related term are showing as below:
NSE:MINDSPACE'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.87 Med: 3.63 Max: 32.24
Current: 4.58
During the past 9 years, Mindspace Business Parks REIT's highest Return-on-Tangible-Equity was 32.24%. The lowest was 1.87%. And the median was 3.63%.
NSE:MINDSPACE's Return-on-Tangible-Equity is ranked worse than 62.14% of 935
companies
in the REITs industry
Industry Median: 6.23
vs NSE:MINDSPACE: 4.58
Mindspace Business Parks REIT (NSE:MINDSPACE) 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.
Mindspace Business Parks REIT Return-on-Tangible-Equity Related Terms
Mindspace Business Parks REIT 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.
Mindspace Business Parks REIT Return-on-Tangible-Equity Chart
NSE:MINDSPACE vs BXP, ARE, VNO: Return-on-Tangible-Equity Comparison
For the REIT - Office subindustry, Mindspace Business Parks REIT'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.
Mindspace Business Parks REIT Return-on-Tangible-Equity vs REITs Industry
For the REITs industry and Real Estate sector, Mindspace Business Parks REIT's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Mindspace Business Parks REIT'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 5.28% mean?
Mindspace Business Parks REIT (NSE:MINDSPACE) has a Return-on-Tangible-Equity of 5.28% 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 Mindspace Business Parks REIT and its competitors. This is 45% above median its historical median of 3.63. Over the past decade, Mindspace Business Parks REIT's Return-on-Tangible-Equity has ranged from 1.87 to 32.24. According to the industry distribution chart, Mindspace Business Parks REIT ranks #581 out of 935 companies in the REITs industry, placing it in the top 62.1%.
Is Mindspace Business Parks REIT's Return-on-Tangible-Equity too high?
Mindspace Business Parks REIT's current Return-on-Tangible-Equity of 5.28% is 45% above median its 10-year median of 3.63. Over the past 10 years, this metric has ranged from a low of 1.87 to a high of 32.24. The REITs industry median Return-on-Tangible-Equity is 6.23. Mindspace Business Parks REIT's value of 5.28% is 15.2% below this industry median. Based on the distribution chart, Mindspace Business Parks REIT ranks #581 out of 935 companies in the REITs industry, which is below the industry midpoint. Overall, Mindspace Business Parks REIT has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mindspace Business Parks REIT's Return-on-Tangible-Equity compare to BXP and ARE?
According to the REITs industry distribution chart, Mindspace Business Parks REIT ranks #581 out of 935 companies for Return-on-Tangible-Equity. This places Mindspace Business Parks REIT in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.23. Mindspace Business Parks REIT's value of 5.28% is 15.2% below this benchmark. Historically, Mindspace Business Parks REIT's own Return-on-Tangible-Equity has ranged from 1.87 to 32.24 over the past decade. While the company's 10-year median is 3.63 vs. the industry median of 6.23, Mindspace Business Parks REIT 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 REITs company?
The median Return-on-Tangible-Equity among REITs companies is 6.23, based on 935 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. Mindspace Business Parks REIT's current Return-on-Tangible-Equity of 5.28% is 15.2% 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 Mindspace Business Parks REIT and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mindspace Business Parks REIT's current Return-on-Tangible-Equity is 5.28%, which is 45% above median its own 10-year median of 3.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mindspace Business Parks REIT stock overvalued right now?
Based on GuruFocus' analysis, Mindspace Business Parks REIT (NSE:MINDSPACE) is currently considered Fairly Valued. The stock's GF Value™ is ₹484.53, compared to a current price of ₹489.22 — trading 1% above its estimated fair value. The current Return-on-Tangible-Equity is 5.28%, which is 45% above median its 10-year median of 3.63 and 15.2% below the REITs industry median of 6.23. Mindspace Business Parks REIT's overall GF Score™ is 88/100 with 7 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 Mindspace Business Parks REIT (NSE:MINDSPACE), the current Return-on-Tangible-Equity is 5.28% 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 Mindspace Business Parks REIT (NSE:MINDSPACE) Overvalued in 2026?
Based on GuruFocus' analysis, Mindspace Business Parks REIT stock appears to be overvalued.
The current stock price of ₹489.22 is trading 1% above its estimated GF Value™ of ₹484.53.
GuruFocus considers Mindspace Business Parks REIT to be Fairly Valued.
Key valuation signals for NSE:MINDSPACE:
Return-on-Tangible-Equity: 5.28% (45% above median its 10-year median of 3.63)
GF Value™: ₹484.53 vs. price of ₹489.22 (1% above fair value)
Industry Position: 15.2% below the REITs median (#581 of 935)
No single metric tells the full story. See the NSE:MINDSPACE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mindspace Business Parks REIT Business Description
Mindspace Business Parks REIT is a real estate investment company. It owns an office portfolio located in four key office markets such as Mumbai Region, Hyderabad, Pune, and Chennai in India. The company's portfolio has several integrated business parks with superior infrastructure and amenities (such as restaurants, creches, and outdoor sports arenas) and five quality independent offices.
88GF Score
Get the complete analysis for NSE:MINDSPACE
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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