Race Eco ChainNSE:RACE -0.38%80 Return-on-Tangible-Equity is 10.05% as of Mar. 2026, which is 90% above its 10-year median of 5.29. GuruFocus rates NSE:RACE with a GF Score™ of 80/100 and a GF Value™ of ₹554.28 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 226 Waste Management companies, Race Eco Chain ranks better than 50.44% 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. Race Eco Chain's annualized net income for the quarter that ended in Mar. 2026 was ₹74 Mil. Race Eco Chain's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹740 Mil. Therefore, Race Eco Chain's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 10.05%.
The historical rank and industry rank for Race Eco Chain's Return-on-Tangible-Equity or its related term are showing as below:
NSE:RACE'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0.22 Med: 5.29 Max: 9.3
Current: 9.3
During the past 13 years, Race Eco Chain's highest Return-on-Tangible-Equity was 9.30%. The lowest was 0.22%. And the median was 5.29%.
NSE:RACE's Return-on-Tangible-Equity is ranked better than 50.44% of 226
companies
in the Waste Management industry
Industry Median: 9.14
vs NSE:RACE: 9.30
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.
Race Eco Chain Return-on-Tangible-Equity Related Terms
Race Eco Chain Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Race Eco Chain'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:RACE vs WM, RSG, WCN: Return-on-Tangible-Equity Comparison
For the Waste Management subindustry, Race Eco Chain'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.
Race Eco Chain Return-on-Tangible-Equity vs Waste Management Industry
For the Waste Management industry and Industrials sector, Race Eco Chain's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Race Eco Chain'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 10.05% mean?
Race Eco Chain (NSE:RACE) has a Return-on-Tangible-Equity of 10.05% 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 Race Eco Chain and its competitors. This is 90% above median its historical median of 5.29. Over the past decade, Race Eco Chain's Return-on-Tangible-Equity has ranged from 0.22 to 9.30. According to the industry distribution chart, Race Eco Chain ranks #112 out of 226 companies in the Waste Management industry, placing it in the top 49.6%.
Is Race Eco Chain's Return-on-Tangible-Equity too high?
Race Eco Chain's current Return-on-Tangible-Equity of 10.05% is 90% above median its 10-year median of 5.29. Over the past 10 years, this metric has ranged from a low of 0.22 to a high of 9.30. The Waste Management industry median Return-on-Tangible-Equity is 9.14. Race Eco Chain's value of 10.05% is 10% above this industry median. Based on the distribution chart, Race Eco Chain ranks #112 out of 226 companies in the Waste Management industry, which is above the industry midpoint. Overall, Race Eco Chain has a GF Score™ of 80/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Race Eco Chain's Return-on-Tangible-Equity compare to WM and RSG?
According to the Waste Management industry distribution chart, Race Eco Chain ranks #112 out of 226 companies for Return-on-Tangible-Equity. This puts Race Eco Chain in the upper half of its industry. The industry median Return-on-Tangible-Equity is 9.14. Race Eco Chain's value of 10.05% is 10% above this benchmark. Historically, Race Eco Chain's own Return-on-Tangible-Equity has ranged from 0.22 to 9.30 over the past decade. While the company's 10-year median is 5.29 vs. the industry median of 9.14, Race Eco Chain 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 Waste Management company?
The median Return-on-Tangible-Equity among Waste Management companies is 9.14, based on 226 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. Race Eco Chain's current Return-on-Tangible-Equity of 10.05% is 10% 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 Race Eco Chain and its competitors. For the Waste Management industry, the median Return-on-Tangible-Equity is 9.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Race Eco Chain's current Return-on-Tangible-Equity is 10.05%, which is 90% above median its own 10-year median of 5.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Race Eco Chain stock overvalued right now?
Based on GuruFocus' analysis, Race Eco Chain (NSE:RACE) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹554.28, compared to a current price of ₹113.00 — trading 79.6% below its estimated fair value. The current Return-on-Tangible-Equity is 10.05%, which is 90% above median its 10-year median of 5.29 and 10% above the Waste Management industry median of 9.14. Race Eco Chain's overall GF Score™ is 80/100 with 3 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 Race Eco Chain (NSE:RACE), the current Return-on-Tangible-Equity is 10.05% 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 Race Eco Chain (NSE:RACE) Overvalued in 2026?
Based on GuruFocus' analysis, Race Eco Chain stock appears to be undervalued.
The current stock price of ₹113.00 is trading 79.6% below its estimated GF Value™ of ₹554.28.
GuruFocus considers Race Eco Chain to be Significantly Undervalued.
Key valuation signals for NSE:RACE:
Return-on-Tangible-Equity: 10.05% (90% above median its 10-year median of 5.29)
GF Value™: ₹554.28 vs. price of ₹113.00 (79.6% below fair value)
Industry Position: 10% above the Waste Management median (#112 of 226)
No single metric tells the full story. See the NSE:RACE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Race Eco Chain Ltd is engaged in the collection and supply of recyclable waste to recyclers who eventually convert the waste into useful products. It is also involved in the manufacturing of recycled products. The company's segments are Recycle Division; Restore Division; Biomass Division and It Division. It generates the majority of its revenue from the Recycle Division.
80GF Score
Get the complete analysis for NSE:RACE
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:RACE has been successfully added to your 
