Speb AdhesivesNSE:SPEB +2.29%21 Return-on-Tangible-Equity is 15.17% as of Mar. 2026, which is 10% below its 10-year median of 16.93. GuruFocus rates NSE:SPEB with a GF Score™ of 21/100. The stock has 4 warning signs investors should review. Among 1,572 Chemicals companies, Speb Adhesives ranks better than 87.6% 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. Speb Adhesives's annualized net income for the quarter that ended in Mar. 2026 was ₹64.3 Mil. Speb Adhesives's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹423.8 Mil. Therefore, Speb Adhesives's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 15.17%.
The historical rank and industry rank for Speb Adhesives's Return-on-Tangible-Equity or its related term are showing as below:
NSE:SPEB'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 9.9 Med: 16.93 Max: 27.01
Current: 18.7
During the past 5 years, Speb Adhesives's highest Return-on-Tangible-Equity was 27.01%. The lowest was 9.90%. And the median was 16.93%.
NSE:SPEB's Return-on-Tangible-Equity is ranked better than 87.6% of 1572
companies
in the Chemicals industry
Industry Median: 5.69
vs NSE:SPEB: 18.70
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.
Speb Adhesives Return-on-Tangible-Equity Related Terms
Speb Adhesives Return-on-Tangible-Equity Historical Data
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The historical data trend for Speb Adhesives'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:SPEB vs LIN, SHW, ECL: Return-on-Tangible-Equity Comparison
For the Specialty Chemicals subindustry, Speb Adhesives'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.
Speb Adhesives Return-on-Tangible-Equity vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Speb Adhesives's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Speb Adhesives'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 15.17% mean?
Speb Adhesives (NSE:SPEB) has a Return-on-Tangible-Equity of 15.17% 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 Speb Adhesives and its competitors. This is 10% below median its historical median of 16.93. Over the past decade, Speb Adhesives' Return-on-Tangible-Equity has ranged from 9.90 to 27.01. According to the industry distribution chart, Speb Adhesives ranks #195 out of 1572 companies in the Chemicals industry, placing it in the top 12.4%.
Is Speb Adhesives' Return-on-Tangible-Equity too high?
Speb Adhesives' current Return-on-Tangible-Equity of 15.17% is 10% below median its 10-year median of 16.93. Over the past 10 years, this metric has ranged from a low of 9.90 to a high of 27.01. The Chemicals industry median Return-on-Tangible-Equity is 5.69. Speb Adhesives' value of 15.17% is 166.6% above this industry median. Based on the distribution chart, Speb Adhesives ranks #195 out of 1572 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Speb Adhesives has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Speb Adhesives' Return-on-Tangible-Equity compare to LIN and SHW?
According to the Chemicals industry distribution chart, Speb Adhesives ranks #195 out of 1572 companies for Return-on-Tangible-Equity. This places Speb Adhesives in the top 12% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.69. Speb Adhesives' value of 15.17% is 166.6% above this benchmark. Historically, Speb Adhesives' own Return-on-Tangible-Equity has ranged from 9.90 to 27.01 over the past decade. While the company's 10-year median is 16.93 vs. the industry median of 5.69, Speb Adhesives 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 Chemicals company?
The median Return-on-Tangible-Equity among Chemicals companies is 5.69, based on 1,572 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. Speb Adhesives's current Return-on-Tangible-Equity of 15.17% is 166.6% 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 Speb Adhesives and its competitors. For the Chemicals industry, the median Return-on-Tangible-Equity is 5.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Speb Adhesives's current Return-on-Tangible-Equity is 15.17%, which is 10% below median its own 10-year median of 16.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Speb Adhesives stock overvalued right now?
Speb Adhesives (NSE:SPEB) has a current Return-on-Tangible-Equity of 15.17%. The current Return-on-Tangible-Equity is 15.17%, which is 10% below median its 10-year median of 16.93 and 166.6% above the Chemicals industry median of 5.69. Speb Adhesives' overall GF Score™ is 21/100 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 Speb Adhesives (NSE:SPEB), the current Return-on-Tangible-Equity is 15.17% 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.
Speb Adhesives Ltd is engaged in the manufacturing of solvent-based synthetic rubber adhesives and offers water-based adhesives. The company focuses on in-house manufacturing of solvent-based adhesives, with water-based adhesives being produced on a contractual manufacturing basis. Its product portfolio includes various products customized for industrial and retail applications, such as multi-purpose adhesives, spray-grade adhesives, premium bonding adhesives, Ducting and Insulation adhesives, woodworking adhesives, footwear-grade adhesives, and adhesives used in Generator Sets. The company operates a B2B model through three business channels: dealer-distribution network, industrial sales, and government supply contracts. It generates the majority of its revenue from overseas markets.
21GF Score
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