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Permanent MagnetsNSE:PERMAGN -0.07%23 Return-on-Tangible-Equity is 9.67% as of Jun. 2026, which is 63% below its 10-year median of 26.11. GuruFocus rates NSE:PERMAGN with a GF Score™ of 23/100. The stock has 1 warning sign investors should review. Among 2,978 Industrial Products companies, Permanent Magnets ranks better than 55.41% 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. Permanent Magnets's annualized net income for the quarter that ended in Jun. 2026 was ₹152 Mil. Permanent Magnets's average shareholder tangible equity for the quarter that ended in Jun. 2026 was ₹1,572 Mil. Therefore, Permanent Magnets's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was 9.67%.
The historical rank and industry rank for Permanent Magnets's Return-on-Tangible-Equity or its related term are showing as below:
NSE:PERMAGN'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 8.24 Med: 26.11 Max: 57.43
Current: 8.24
During the past 13 years, Permanent Magnets's highest Return-on-Tangible-Equity was 57.43%. The lowest was 8.24%. And the median was 26.11%.
NSE:PERMAGN's Return-on-Tangible-Equity is ranked better than 55.41% of 2978
companies
in the Industrial Products industry
Industry Median: 7.01
vs NSE:PERMAGN: 8.24
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.
Permanent Magnets Return-on-Tangible-Equity Related Terms
Permanent Magnets Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Permanent Magnets'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:PERMAGN vs : Return-on-Tangible-Equity Comparison
For the Electrical Equipment & Parts subindustry, Permanent Magnets'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.
Permanent Magnets Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Permanent Magnets's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Permanent Magnets'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 (Jun. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 9.67% mean?
Permanent Magnets (NSE:PERMAGN) has a Return-on-Tangible-Equity of 9.67% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Permanent Magnets and its competitors. This is 63% below median its historical median of 26.11. Over the past decade, Permanent Magnets' Return-on-Tangible-Equity has ranged from 8.24 to 57.43. According to the industry distribution chart, Permanent Magnets ranks #1328 out of 2978 companies in the Industrial Products industry, placing it in the top 44.6%.
Is Permanent Magnets' Return-on-Tangible-Equity too high?
Permanent Magnets' current Return-on-Tangible-Equity of 9.67% is 63% below median its 10-year median of 26.11. Over the past 10 years, this metric has ranged from a low of 8.24 to a high of 57.43. The Industrial Products industry median Return-on-Tangible-Equity is 7.01. Permanent Magnets' value of 9.67% is 37.9% above this industry median. Based on the distribution chart, Permanent Magnets ranks #1328 out of 2978 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Permanent Magnets has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Permanent Magnets' Return-on-Tangible-Equity compare to ?
According to the Industrial Products industry distribution chart, Permanent Magnets ranks #1328 out of 2978 companies for Return-on-Tangible-Equity. This puts Permanent Magnets in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.01. Permanent Magnets' value of 9.67% is 37.9% above this benchmark. Historically, Permanent Magnets' own Return-on-Tangible-Equity has ranged from 8.24 to 57.43 over the past decade. While the company's 10-year median is 26.11 vs. the industry median of 7.01, Permanent Magnets 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 7.01, based on 2,978 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. Permanent Magnets's current Return-on-Tangible-Equity of 9.67% is 37.9% 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 Permanent Magnets and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 7.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Permanent Magnets's current Return-on-Tangible-Equity is 9.67%, which is 63% below median its own 10-year median of 26.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Permanent Magnets stock overvalued right now?
Permanent Magnets (NSE:PERMAGN) has a current Return-on-Tangible-Equity of 9.67%. The current Return-on-Tangible-Equity is 9.67%, which is 63% below median its 10-year median of 26.11 and 37.9% above the Industrial Products industry median of 7.01. Permanent Magnets' overall GF Score™ is 23/100 with 1 warning sign 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 Permanent Magnets (NSE:PERMAGN), the current Return-on-Tangible-Equity is 9.67% as of Jun. 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.
Permanent Magnets Ltd is an Indian based company. It is engaged in the manufacturing of cast alloy magnets, parts, and accessories for electricity and electric vehicle parts in the world. PML also supplies Gas meter parts and accessories. The assembly includes die-cast parts, plastic parts, brass parts, bi-metal parts, stainless steel parts, and special copper alloy and nickel alloy parts. Its products are used in electronics, electricity meters, the automobile industry, telecommunication, defense, space research, aeronautics, railways, and electricity generation industries. The company derives the majority of its revenue from sales of parts and accessories of the electricity meter. It operates in a single segment, which is Engineering and Current Sensing applications.
23GF Score
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