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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
TeamLease ServicesNSE:TEAMLEASE +0.44%86 Return-on-Tangible-Equity is 22.51% as of Mar. 2026, which is 13% above its 10-year median of 19.97. GuruFocus rates NSE:TEAMLEASE with a GF Score™ of 86/100 and a GF Value™ of ₹3,425.50 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 1,009 Business Services companies, TeamLease Services ranks better than 68.29% 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. TeamLease Services's annualized net income for the quarter that ended in Mar. 2026 was ₹1,756 Mil. TeamLease Services's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹7,803 Mil. Therefore, TeamLease Services's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 22.51%.
The historical rank and industry rank for TeamLease Services's Return-on-Tangible-Equity or its related term are showing as below:
NSE:TEAMLEASE'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 8.86 Med: 19.97 Max: 28.01
Current: 19.82
During the past 12 years, TeamLease Services's highest Return-on-Tangible-Equity was 28.01%. The lowest was 8.86%. And the median was 19.97%.
NSE:TEAMLEASE's Return-on-Tangible-Equity is ranked better than 68.29% of 1009
companies
in the Business Services industry
Industry Median: 10.71
vs NSE:TEAMLEASE: 19.82
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.
TeamLease Services Return-on-Tangible-Equity Related Terms
TeamLease Services Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for TeamLease Services'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:TEAMLEASE vs KFY, RHI, TNET: Return-on-Tangible-Equity Comparison
For the Staffing & Employment Services subindustry, TeamLease Services'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.
TeamLease Services Return-on-Tangible-Equity vs Business Services Industry
For the Business Services industry and Industrials sector, TeamLease Services's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where TeamLease Services'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 22.51% mean?
TeamLease Services (NSE:TEAMLEASE) has a Return-on-Tangible-Equity of 22.51% 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 TeamLease Services and its competitors. This is 13% above median its historical median of 19.97. Over the past decade, TeamLease Services' Return-on-Tangible-Equity has ranged from 8.86 to 28.01. According to the industry distribution chart, TeamLease Services ranks #320 out of 1009 companies in the Business Services industry, placing it in the top 31.7%.
Is TeamLease Services' Return-on-Tangible-Equity too high?
TeamLease Services' current Return-on-Tangible-Equity of 22.51% is 13% above median its 10-year median of 19.97. Over the past 10 years, this metric has ranged from a low of 8.86 to a high of 28.01. The Business Services industry median Return-on-Tangible-Equity is 10.71. TeamLease Services' value of 22.51% is 110.2% above this industry median. Based on the distribution chart, TeamLease Services ranks #320 out of 1009 companies in the Business Services industry, which is above the industry midpoint. Overall, TeamLease Services has a GF Score™ of 86/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TeamLease Services' Return-on-Tangible-Equity compare to KFY and RHI?
According to the Business Services industry distribution chart, TeamLease Services ranks #320 out of 1009 companies for Return-on-Tangible-Equity. This puts TeamLease Services in the upper half of its industry. The industry median Return-on-Tangible-Equity is 10.71. TeamLease Services' value of 22.51% is 110.2% above this benchmark. Historically, TeamLease Services' own Return-on-Tangible-Equity has ranged from 8.86 to 28.01 over the past decade. While the company's 10-year median is 19.97 vs. the industry median of 10.71, TeamLease Services 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 Business Services company?
The median Return-on-Tangible-Equity among Business Services companies is 10.71, based on 1,009 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. TeamLease Services's current Return-on-Tangible-Equity of 22.51% is 110.2% 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 TeamLease Services and its competitors. For the Business Services industry, the median Return-on-Tangible-Equity is 10.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TeamLease Services's current Return-on-Tangible-Equity is 22.51%, which is 13% above median its own 10-year median of 19.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TeamLease Services stock overvalued right now?
Based on GuruFocus' analysis, TeamLease Services (NSE:TEAMLEASE) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹3,425.50, compared to a current price of ₹1,428.60 — trading 58.3% below its estimated fair value. The current Return-on-Tangible-Equity is 22.51%, which is 13% above median its 10-year median of 19.97 and 110.2% above the Business Services industry median of 10.71. TeamLease Services' overall GF Score™ is 86/100 with 6 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 TeamLease Services (NSE:TEAMLEASE), the current Return-on-Tangible-Equity is 22.51% 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 TeamLease Services (NSE:TEAMLEASE) Overvalued in 2026?
Based on GuruFocus' analysis, TeamLease Services stock appears to be undervalued.
The current stock price of ₹1,428.60 is trading 58.3% below its estimated GF Value™ of ₹3,425.50.
GuruFocus considers TeamLease Services to be Significantly Undervalued.
Key valuation signals for NSE:TEAMLEASE:
Return-on-Tangible-Equity: 22.51% (13% above median its 10-year median of 19.97)
GF Value™: ₹3,425.50 vs. price of ₹1,428.60 (58.3% below fair value)
Industry Position: 110.2% above the Business Services median (#320 of 1009)
No single metric tells the full story. See the NSE:TEAMLEASE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AddressJyothi Nivas College Road, 315 Work Avenue Campus, Ascent Building, Number 77, Koramangala Industrial Layout, Koramangala, Bengaluru, KA, IND, 560095
TeamLease Services Ltd provides human resource services. Its employment services include temporary staffing solutions, permanent recruitment services, and regulatory consultancy for labor law compliance. Its segments are General Staffing and Allied Services, which include Staffing, Temporary Recruitment and Payroll & NETAP, and Other HR Services segments, which Comprises of Regulatory Compliance and Training, etc. The General staffing and Allied Services segment generates the majority of revenue. Geographically the company operates in India and outside India, where the key revenue is generated from India itself.
86GF Score
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