Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
PIX TransmissionsNSE:PIXTRANS -2.51%91 Return-on-Tangible-Equity is 11.63% as of Mar. 2026, which is 30% below its 10-year median of 16.59. GuruFocus rates NSE:PIXTRANS with a GF Score™ of 91/100 and a GF Value™ of ₹1,550.34 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 2,969 Industrial Products companies, PIX Transmissions ranks better than 80.6% 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. PIX Transmissions's annualized net income for the quarter that ended in Mar. 2026 was ₹809 Mil. PIX Transmissions's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹6,955 Mil. Therefore, PIX Transmissions's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 11.63%.
The historical rank and industry rank for PIX Transmissions's Return-on-Tangible-Equity or its related term are showing as below:
NSE:PIXTRANS'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 10.09 Med: 16.59 Max: 24.25
Current: 16.65
During the past 13 years, PIX Transmissions's highest Return-on-Tangible-Equity was 24.25%. The lowest was 10.09%. And the median was 16.59%.
NSE:PIXTRANS's Return-on-Tangible-Equity is ranked better than 80.6% of 2969
companies
in the Industrial Products industry
Industry Median: 6.72
vs NSE:PIXTRANS: 16.65
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.
PIX Transmissions Return-on-Tangible-Equity Related Terms
PIX Transmissions Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for PIX Transmissions'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:PIXTRANS vs GEV, ETN, PH: Return-on-Tangible-Equity Comparison
For the Specialty Industrial Machinery subindustry, PIX Transmissions'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.
PIX Transmissions Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, PIX Transmissions's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where PIX Transmissions'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 11.63% mean?
PIX Transmissions (NSE:PIXTRANS) has a Return-on-Tangible-Equity of 11.63% 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 PIX Transmissions and its competitors. This is 30% below median its historical median of 16.59. Over the past decade, PIX Transmissions' Return-on-Tangible-Equity has ranged from 10.09 to 24.25. According to the industry distribution chart, PIX Transmissions ranks #576 out of 2969 companies in the Industrial Products industry, placing it in the top 19.4%.
Is PIX Transmissions' Return-on-Tangible-Equity too high?
PIX Transmissions' current Return-on-Tangible-Equity of 11.63% is 30% below median its 10-year median of 16.59. Over the past 10 years, this metric has ranged from a low of 10.09 to a high of 24.25. The Industrial Products industry median Return-on-Tangible-Equity is 6.72. PIX Transmissions' value of 11.63% is 73.1% above this industry median. Based on the distribution chart, PIX Transmissions ranks #576 out of 2969 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, PIX Transmissions has a GF Score™ of 91/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PIX Transmissions' Return-on-Tangible-Equity compare to GEV and ETN?
According to the Industrial Products industry distribution chart, PIX Transmissions ranks #576 out of 2969 companies for Return-on-Tangible-Equity. This places PIX Transmissions in the top 19% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.72. PIX Transmissions' value of 11.63% is 73.1% above this benchmark. Historically, PIX Transmissions' own Return-on-Tangible-Equity has ranged from 10.09 to 24.25 over the past decade. While the company's 10-year median is 16.59 vs. the industry median of 6.72, PIX Transmissions 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 6.72, based on 2,969 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. PIX Transmissions's current Return-on-Tangible-Equity of 11.63% is 73.1% 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 PIX Transmissions and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PIX Transmissions's current Return-on-Tangible-Equity is 11.63%, which is 30% below median its own 10-year median of 16.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PIX Transmissions stock overvalued right now?
Based on GuruFocus' analysis, PIX Transmissions (NSE:PIXTRANS) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹1,550.34, compared to a current price of ₹1,798.00 — trading 16% above its estimated fair value. The current Return-on-Tangible-Equity is 11.63%, which is 30% below median its 10-year median of 16.59 and 73.1% above the Industrial Products industry median of 6.72. PIX Transmissions' overall GF Score™ is 91/100 with 6 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 PIX Transmissions (NSE:PIXTRANS), the current Return-on-Tangible-Equity is 11.63% 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 PIX Transmissions (NSE:PIXTRANS) Overvalued in 2026?
Based on GuruFocus' analysis, PIX Transmissions stock appears to be overvalued.
The current stock price of ₹1,798.00 is trading 16% above its estimated GF Value™ of ₹1,550.34.
GuruFocus considers PIX Transmissions to be Modestly Overvalued.
Key valuation signals for NSE:PIXTRANS:
Return-on-Tangible-Equity: 11.63% (30% below median its 10-year median of 16.59)
GF Value™: ₹1,550.34 vs. price of ₹1,798.00 (16% above fair value)
Industry Position: 73.1% above the Industrial Products median (#576 of 2969)
No single metric tells the full story. See the NSE:PIXTRANS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PIX Transmissions Ltd is engaged in the manufacturing of belts and related mechanical power transmission products in India. The company offers belt products for various sectors such as industrial, agricultural, lawn and garden, automotive, and special applications. It also offers other belts such as Ribbed / Poly-V Belts, Banded Belts, Industrial Belts, Agriculture Belts, and Others. The products of the company are sold both in the domestic and export markets, of which the exports generate maximum revenue.
91GF Score
Get the complete analysis for NSE:PIXTRANS
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:PIXTRANS has been successfully added to your 
