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Pulz ElectronicsNSE:PULZ +5.00%86 Return-on-Tangible-Equity is 16.30% as of Mar. 2026, which is 3% above its 10-year median of 15.87. GuruFocus rates NSE:PULZ with a GF Score™ of 86/100 and a GF Value™ of ₹40.04 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 2,384 Hardware companies, Pulz Electronics ranks better than 75.76% 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. Pulz Electronics's annualized net income for the quarter that ended in Mar. 2026 was ₹57.1 Mil. Pulz Electronics's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹350.5 Mil. Therefore, Pulz Electronics's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 16.30%.
The historical rank and industry rank for Pulz Electronics's Return-on-Tangible-Equity or its related term are showing as below:
NSE:PULZ'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -2.52 Med: 15.87 Max: 42.88
Current: 13.66
During the past 13 years, Pulz Electronics's highest Return-on-Tangible-Equity was 42.88%. The lowest was -2.52%. And the median was 15.87%.
NSE:PULZ's Return-on-Tangible-Equity is ranked better than 75.76% of 2384
companies
in the Hardware industry
Industry Median: 5.32
vs NSE:PULZ: 13.66
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.
Pulz Electronics Return-on-Tangible-Equity Related Terms
Pulz Electronics Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Pulz Electronics'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:PULZ vs AAPL: Return-on-Tangible-Equity Comparison
For the Consumer Electronics subindustry, Pulz Electronics'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.
Pulz Electronics Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Pulz Electronics's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Pulz Electronics'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 (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 16.30% mean?
Pulz Electronics (NSE:PULZ) has a Return-on-Tangible-Equity of 16.30% 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 Pulz Electronics and its competitors. This is near median its historical median of 15.87. According to the industry distribution chart, Pulz Electronics ranks #578 out of 2384 companies in the Hardware industry, placing it in the top 24.2%.
Is Pulz Electronics' Return-on-Tangible-Equity too high?
Pulz Electronics' current Return-on-Tangible-Equity of 16.30% is near median its 10-year median of 15.87. The Hardware industry median Return-on-Tangible-Equity is 5.32. Pulz Electronics' value of 16.30% is 206.4% above this industry median. Based on the distribution chart, Pulz Electronics ranks #578 out of 2384 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Pulz Electronics has a GF Score™ of 86/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pulz Electronics' Return-on-Tangible-Equity compare to AAPL?
According to the Hardware industry distribution chart, Pulz Electronics ranks #578 out of 2384 companies for Return-on-Tangible-Equity. This places Pulz Electronics in the top 24% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.32. Pulz Electronics' value of 16.30% is 206.4% above this benchmark. While the company's 10-year median is 15.87 vs. the industry median of 5.32, Pulz Electronics 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 a Hardware company?
The median Return-on-Tangible-Equity among Hardware companies is 5.32, based on 2,384 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. Pulz Electronics's current Return-on-Tangible-Equity of 16.30% is 206.4% 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 Pulz Electronics and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pulz Electronics's current Return-on-Tangible-Equity is 16.30%, which is near median its own 10-year median of 15.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pulz Electronics stock overvalued right now?
Based on GuruFocus' analysis, Pulz Electronics (NSE:PULZ) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹40.04, compared to a current price of ₹24.15 — trading 39.7% below its estimated fair value. The current Return-on-Tangible-Equity is 16.30%, which is near median its 10-year median of 15.87 and 206.4% above the Hardware industry median of 5.32. Pulz Electronics' overall GF Score™ is 86/100 with 2 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 Pulz Electronics (NSE:PULZ), the current Return-on-Tangible-Equity is 16.30% 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 Pulz Electronics (NSE:PULZ) Overvalued in 2026?
Based on GuruFocus' analysis, Pulz Electronics stock appears to be undervalued.
The current stock price of ₹24.15 is trading 39.7% below its estimated GF Value™ of ₹40.04.
GuruFocus considers Pulz Electronics to be Significantly Undervalued.
Key valuation signals for NSE:PULZ:
Return-on-Tangible-Equity: 16.30% (near median its 10-year median of 15.87)
GF Value™: ₹40.04 vs. price of ₹24.15 (39.7% below fair value)
Industry Position: 206.4% above the Hardware median (#578 of 2384)
No single metric tells the full story. See the NSE:PULZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pulz Electronics Ltd develops, manufactures, and sells audio systems and solutions to the cinema, pro-audio, studio, and home audio industries in India and internationally. The technologies offered by the company include Line Source, IsoWave, WaveDrive, AeroWave, and Point Source Precision. The company's business falls within a single business segment of Audio Systems. Geographically, the company generates the majority of its revenue from India.
86GF Score
Get the complete analysis for NSE:PULZ
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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