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SMC Global SecuritiesNSE:SMCGLOBAL +0.23%76 Return-on-Tangible-Equity is 6.49% as of Mar. 2026, which is 50% below its 10-year median of 12.97. GuruFocus rates NSE:SMCGLOBAL with a GF Score™ of 76/100 and a GF Value™ of ₹70.35 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 784 Capital Markets companies, SMC Global Securities ranks better than 54.97% 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. SMC Global Securities's annualized net income for the quarter that ended in Mar. 2026 was ₹843 Mil. SMC Global Securities's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹13,004 Mil. Therefore, SMC Global Securities's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 6.49%.
The historical rank and industry rank for SMC Global Securities's Return-on-Tangible-Equity or its related term are showing as below:
NSE:SMCGLOBAL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.48 Med: 12.97 Max: 20.59
Current: 8.12
During the past 7 years, SMC Global Securities's highest Return-on-Tangible-Equity was 20.59%. The lowest was 3.48%. And the median was 12.97%.
NSE:SMCGLOBAL's Return-on-Tangible-Equity is ranked better than 54.97% of 784
companies
in the Capital Markets industry
Industry Median: 6.485
vs NSE:SMCGLOBAL: 8.12
SMC Global Securities (NSE:SMCGLOBAL) 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.
SMC Global Securities Return-on-Tangible-Equity Related Terms
SMC Global Securities Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for SMC Global Securities'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.
SMC Global Securities Return-on-Tangible-Equity Chart
NSE:SMCGLOBAL vs MS, GS, SCHW: Return-on-Tangible-Equity Comparison
For the Capital Markets subindustry, SMC Global Securities'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.
SMC Global Securities Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, SMC Global Securities's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where SMC Global Securities'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 6.49% mean?
SMC Global Securities (NSE:SMCGLOBAL) has a Return-on-Tangible-Equity of 6.49% 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 SMC Global Securities and its competitors. This is 50% below median its historical median of 12.97. Over the past decade, SMC Global Securities' Return-on-Tangible-Equity has ranged from 3.48 to 20.59. According to the industry distribution chart, SMC Global Securities ranks #353 out of 784 companies in the Capital Markets industry, placing it in the top 45%.
Is SMC Global Securities' Return-on-Tangible-Equity too high?
SMC Global Securities' current Return-on-Tangible-Equity of 6.49% is 50% below median its 10-year median of 12.97. Over the past 10 years, this metric has ranged from a low of 3.48 to a high of 20.59. The Capital Markets industry median Return-on-Tangible-Equity is 6.49. SMC Global Securities' value of 6.49% is 0.1% above this industry median. Based on the distribution chart, SMC Global Securities ranks #353 out of 784 companies in the Capital Markets industry, which is above the industry midpoint. Overall, SMC Global Securities has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SMC Global Securities' Return-on-Tangible-Equity compare to MS and GS?
According to the Capital Markets industry distribution chart, SMC Global Securities ranks #353 out of 784 companies for Return-on-Tangible-Equity. This puts SMC Global Securities in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.49. SMC Global Securities' value of 6.49% is 0.1% above this benchmark. Historically, SMC Global Securities' own Return-on-Tangible-Equity has ranged from 3.48 to 20.59 over the past decade. While the company's 10-year median is 12.97 vs. the industry median of 6.49, SMC Global Securities 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 Capital Markets company?
The median Return-on-Tangible-Equity among Capital Markets companies is 6.49, based on 784 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. SMC Global Securities's current Return-on-Tangible-Equity of 6.49% is 0.1% 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 SMC Global Securities and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SMC Global Securities's current Return-on-Tangible-Equity is 6.49%, which is 50% below median its own 10-year median of 12.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SMC Global Securities stock overvalued right now?
Based on GuruFocus' analysis, SMC Global Securities (NSE:SMCGLOBAL) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹70.35, compared to a current price of ₹81.67 — trading 16.1% above its estimated fair value. The current Return-on-Tangible-Equity is 6.49%, which is 50% below median its 10-year median of 12.97 and 0.1% above the Capital Markets industry median of 6.49. SMC Global Securities' overall GF Score™ is 76/100 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 SMC Global Securities (NSE:SMCGLOBAL), the current Return-on-Tangible-Equity is 6.49% 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 SMC Global Securities (NSE:SMCGLOBAL) Overvalued in 2026?
Based on GuruFocus' analysis, SMC Global Securities stock appears to be overvalued.
The current stock price of ₹81.67 is trading 16.1% above its estimated GF Value™ of ₹70.35.
GuruFocus considers SMC Global Securities to be Modestly Overvalued.
Key valuation signals for NSE:SMCGLOBAL:
Return-on-Tangible-Equity: 6.49% (50% below median its 10-year median of 12.97)
GF Value™: ₹70.35 vs. price of ₹81.67 (16.1% above fair value)
Industry Position: 0.1% above the Capital Markets median (#353 of 784)
No single metric tells the full story. See the NSE:SMCGLOBAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SMC Global Securities Ltd is a diversified financial services company in India. It provides broking, distribution and trading services, including brokerage services in equity, derivative, commodity and currency segments on stock exchanges in India and abroad, clearing services, depository participant services, fund management, wealth management, distribution of financial products such as mutual funds and initial public offerings, financing, mortgage and loan advisory, real estate brokerage, and investment banking services for middle-class to high-net-worth individuals. Its primary business segments are Broking, Distribution and Trading, Insurance Broking Services, and Financing Activities. The company generates the majority of its revenue from the Broking, Distribution and Trading segment.
76GF Score
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