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SpaceNet Enterprises IndiaNSE:SPCENET -2.23%64 Return-on-Tangible-Equity is 15.19% as of Mar. 2026, which is 15% above its 10-year median of 13.25. GuruFocus rates NSE:SPCENET with a GF Score™ of 64/100 and a GF Value™ of ₹23.04 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 782 Capital Markets companies, SpaceNet Enterprises India ranks better than 68.03% 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. SpaceNet Enterprises India's annualized net income for the quarter that ended in Mar. 2026 was ₹187 Mil. SpaceNet Enterprises India's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹1,228 Mil. Therefore, SpaceNet Enterprises India's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 15.19%.
The historical rank and industry rank for SpaceNet Enterprises India's Return-on-Tangible-Equity or its related term are showing as below:
NSE:SPCENET'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.8 Med: 13.25 Max: 16.09
Current: 13.46
During the past 13 years, SpaceNet Enterprises India's highest Return-on-Tangible-Equity was 16.09%. The lowest was 5.80%. And the median was 13.25%.
NSE:SPCENET's Return-on-Tangible-Equity is ranked better than 68.03% of 782
companies
in the Capital Markets industry
Industry Median: 6.52
vs NSE:SPCENET: 13.46
SpaceNet Enterprises India (NSE:SPCENET) 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.
SpaceNet Enterprises India Return-on-Tangible-Equity Related Terms
SpaceNet Enterprises India Return-on-Tangible-Equity Historical Data
* 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.
SpaceNet Enterprises India Return-on-Tangible-Equity Chart
NSE:SPCENET vs MS, GS, SCHW: Return-on-Tangible-Equity Comparison
For the Capital Markets subindustry, SpaceNet Enterprises India'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.
SpaceNet Enterprises India Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, SpaceNet Enterprises India's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where SpaceNet Enterprises India'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 15.19% mean?
SpaceNet Enterprises India (NSE:SPCENET) has a Return-on-Tangible-Equity of 15.19% 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 SpaceNet Enterprises India and its competitors. This is 15% above median its historical median of 13.25. Over the past decade, SpaceNet Enterprises India's Return-on-Tangible-Equity has ranged from 5.80 to 16.09. According to the industry distribution chart, SpaceNet Enterprises India ranks #250 out of 782 companies in the Capital Markets industry, placing it in the top 32%.
Is SpaceNet Enterprises India's Return-on-Tangible-Equity too high?
SpaceNet Enterprises India's current Return-on-Tangible-Equity of 15.19% is 15% above median its 10-year median of 13.25. Over the past 10 years, this metric has ranged from a low of 5.80 to a high of 16.09. The Capital Markets industry median Return-on-Tangible-Equity is 6.52. SpaceNet Enterprises India's value of 15.19% is 133% above this industry median. Based on the distribution chart, SpaceNet Enterprises India ranks #250 out of 782 companies in the Capital Markets industry, which is above the industry midpoint. Overall, SpaceNet Enterprises India has a GF Score™ of 64/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SpaceNet Enterprises India's Return-on-Tangible-Equity compare to MS and GS?
According to the Capital Markets industry distribution chart, SpaceNet Enterprises India ranks #250 out of 782 companies for Return-on-Tangible-Equity. This puts SpaceNet Enterprises India in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.52. SpaceNet Enterprises India's value of 15.19% is 133% above this benchmark. Historically, SpaceNet Enterprises India's own Return-on-Tangible-Equity has ranged from 5.80 to 16.09 over the past decade. While the company's 10-year median is 13.25 vs. the industry median of 6.52, SpaceNet Enterprises India 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 6.52, based on 782 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. SpaceNet Enterprises India's current Return-on-Tangible-Equity of 15.19% is 133% 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 SpaceNet Enterprises India and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SpaceNet Enterprises India's current Return-on-Tangible-Equity is 15.19%, which is 15% above median its own 10-year median of 13.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SpaceNet Enterprises India stock overvalued right now?
Based on GuruFocus' analysis, SpaceNet Enterprises India (NSE:SPCENET) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹23.04, compared to a current price of ₹3.51 — trading 84.8% below its estimated fair value. The current Return-on-Tangible-Equity is 15.19%, which is 15% above median its 10-year median of 13.25 and 133% above the Capital Markets industry median of 6.52. SpaceNet Enterprises India's overall GF Score™ is 64/100 with 4 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 SpaceNet Enterprises India (NSE:SPCENET), the current Return-on-Tangible-Equity is 15.19% 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 SpaceNet Enterprises India (NSE:SPCENET) Overvalued in 2026?
Based on GuruFocus' analysis, SpaceNet Enterprises India stock appears to be undervalued.
The current stock price of ₹3.51 is trading 84.8% below its estimated GF Value™ of ₹23.04.
GuruFocus considers SpaceNet Enterprises India to be Significantly Undervalued.
Key valuation signals for NSE:SPCENET:
Return-on-Tangible-Equity: 15.19% (15% above median its 10-year median of 13.25)
GF Value™: ₹23.04 vs. price of ₹3.51 (84.8% below fair value)
Industry Position: 133% above the Capital Markets median (#250 of 782)
No single metric tells the full story. See the NSE:SPCENET stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SpaceNet Enterprises India Ltd is a FinTech company engaged in developing software tools and platforms for commodity trading, offering fast, flexible, and reliable trading solutions. The company also invests in and deals in gold and other commodities and operates in the TradeTech and trade finance space, supporting traders, SMEs, MSMEs, and broader trade channels through its technology-driven solutions. The group operates in two reportable segments: commodity trading and IT services.
64GF Score
Get the complete analysis for NSE:SPCENET
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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