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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. Remitly Global's annualized net income for the quarter that ended in Mar. 2026 was $196 Mil. Remitly Global's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $831 Mil. Therefore, Remitly Global's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 23.60%.
The historical rank and industry rank for Remitly Global's Return-on-Tangible-Equity or its related term are showing as below:
RELY'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -44.27 Med: -22.27 Max: 14.03
Current: 14.03
During the past 7 years, Remitly Global's highest Return-on-Tangible-Equity was 14.03%. The lowest was -44.27%. And the median was -22.27%.
RELY's Return-on-Tangible-Equity is ranked better than 58.43% of 2480
companies
in the Software industry
Industry Median: 8.845
vs RELY: 14.03
Remitly Global (NAS:RELY) 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.
Remitly Global Return-on-Tangible-Equity Related Terms
Remitly Global Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Remitly Global'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.
RELY vs ZETA, WEX, VRNS: Return-on-Tangible-Equity Comparison
For the Software - Infrastructure subindustry, Remitly Global'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.
Remitly Global Return-on-Tangible-Equity vs Software Industry
For the Software industry and Technology sector, Remitly Global's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Remitly Global'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 23.60% mean?
Remitly Global (RELY) has a Return-on-Tangible-Equity of 23.60% 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 Remitly Global and its competitors. According to the industry distribution chart, Remitly Global ranks #1031 out of 2480 companies in the Software industry, placing it in the top 41.6%.
Is Remitly Global's Return-on-Tangible-Equity too high?
Remitly Global's current Return-on-Tangible-Equity is 23.60%. The Software industry median Return-on-Tangible-Equity is 8.85. Remitly Global's value of 23.60% is 166.8% above this industry median. Based on the distribution chart, Remitly Global ranks #1031 out of 2480 companies in the Software industry, which is above the industry midpoint. Overall, Remitly Global has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Remitly Global's Return-on-Tangible-Equity compare to ZETA and WEX?
According to the Software industry distribution chart, Remitly Global ranks #1031 out of 2480 companies for Return-on-Tangible-Equity. This puts Remitly Global in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.85. Remitly Global's value of 23.60% is 166.8% above this benchmark. 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 Software company?
The median Return-on-Tangible-Equity among Software companies is 8.85, based on 2,480 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. Remitly Global's current Return-on-Tangible-Equity of 23.60% is 166.8% 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 Remitly Global and its competitors. For the Software industry, the median Return-on-Tangible-Equity is 8.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Remitly Global's current Return-on-Tangible-Equity is 23.60%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Remitly Global stock overvalued right now?
Based on GuruFocus' analysis, Remitly Global (RELY) is currently considered Fairly Valued. The stock's GF Value™ is $26.27, compared to a current price of $23.86 — trading 9.2% below its estimated fair value. The current Return-on-Tangible-Equity is 23.60% and 166.8% above the Software industry median of 8.85. Remitly Global's overall GF Score™ is 74/100 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 Remitly Global (RELY), the current Return-on-Tangible-Equity is 23.60% 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 Remitly Global (RELY) Overvalued in 2026?
Based on GuruFocus' analysis, Remitly Global stock appears to be undervalued.
The current stock price of $23.86 is trading 9.2% below its estimated GF Value™ of $26.27.
GuruFocus considers Remitly Global to be Fairly Valued.
Key valuation signals for RELY:
Return-on-Tangible-Equity: 23.60%
GF Value™: $26.27 vs. price of $23.86 (9.2% below fair value)
Industry Position: 166.8% above the Software median (#1031 of 2480)
No single metric tells the full story. See the RELY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Remitly Global Inc provides integrated financial services to immigrants, including helping customers send money internationally in a quick, reliable, and more cost-effective manner by leveraging digital channels. It supports cross-border transmissions across the globe. The company's revenue is generated from transaction fees charged to customers, and foreign exchange spreads between the foreign exchange rate offered to customers and the foreign exchange rate on the company's currency purchases.
74GF Score
Get the complete analysis for RELY
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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