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i Grid SolutionsTSE:603A +11.59%8 Return-on-Tangible-Equity is 39.13% as of Mar. 2026. GuruFocus rates TSE:603A with a GF Score™ of 8/100. The stock has 1 warning sign investors should review. Among 433 Utilities - Independent Power Producers companies, i Grid Solutions ranks better than 65.82% 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. i Grid Solutions's annualized net income for the quarter that ended in Mar. 2026 was 円2,319 Mil. i Grid Solutions's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円5,926 Mil. Therefore, i Grid Solutions's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 39.13%.
The historical rank and industry rank for i Grid Solutions's Return-on-Tangible-Equity or its related term are showing as below:
TSE:603A'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -72.98 Med: -18.2 Max: 36.58
Current: 9.78
During the past 2 years, i Grid Solutions's highest Return-on-Tangible-Equity was 36.58%. The lowest was -72.98%. And the median was -18.20%.
TSE:603A's Return-on-Tangible-Equity is ranked better than 65.82% of 433
companies
in the Utilities - Independent Power Producers industry
Industry Median: 4.78
vs TSE:603A: 9.78
i Grid Solutions (TSE:603A) 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.
i Grid Solutions Return-on-Tangible-Equity Related Terms
i Grid Solutions Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for i Grid Solutions'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.
i Grid Solutions Return-on-Tangible-Equity Chart
i Grid Solutions Annual Data
Trend
Jun24
Jun25
Return-on-Tangible-Equity
-72.98
36.58
i Grid Solutions Quarterly Data
Jun24
Jun25
Mar26
Return-on-Tangible-Equity
0.00
0.00
39.13
TSE:603A vs : Return-on-Tangible-Equity Comparison
For the Utilities - Renewable subindustry, i Grid Solutions'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.
i Grid Solutions Return-on-Tangible-Equity vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, i Grid Solutions's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where i Grid Solutions'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 39.13% mean?
i Grid Solutions (TSE:603A) has a Return-on-Tangible-Equity of 39.13% 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 i Grid Solutions and its competitors. According to the industry distribution chart, i Grid Solutions ranks #148 out of 433 companies in the Utilities - Independent Power Producers industry, placing it in the top 34.2%.
Is i Grid Solutions' Return-on-Tangible-Equity too high?
i Grid Solutions' current Return-on-Tangible-Equity is 39.13%. The Utilities - Independent Power Producers industry median Return-on-Tangible-Equity is 4.78. i Grid Solutions' value of 39.13% is 718.6% above this industry median. Based on the distribution chart, i Grid Solutions ranks #148 out of 433 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, i Grid Solutions has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does i Grid Solutions' Return-on-Tangible-Equity compare to ?
According to the Utilities - Independent Power Producers industry distribution chart, i Grid Solutions ranks #148 out of 433 companies for Return-on-Tangible-Equity. This puts i Grid Solutions in the upper half of its industry. The industry median Return-on-Tangible-Equity is 4.78. i Grid Solutions' value of 39.13% is 718.6% 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 an Utilities - Independent Power Producers company?
The median Return-on-Tangible-Equity among Utilities - Independent Power Producers companies is 4.78, based on 433 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. i Grid Solutions's current Return-on-Tangible-Equity of 39.13% is 718.6% 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 i Grid Solutions and its competitors. For the Utilities - Independent Power Producers industry, the median Return-on-Tangible-Equity is 4.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. i Grid Solutions's current Return-on-Tangible-Equity is 39.13%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is i Grid Solutions stock overvalued right now?
i Grid Solutions (TSE:603A) has a current Return-on-Tangible-Equity of 39.13%. The current Return-on-Tangible-Equity is 39.13% and 718.6% above the Utilities - Independent Power Producers industry median of 4.78. i Grid Solutions' overall GF Score™ is 8/100 with 1 warning sign 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 i Grid Solutions (TSE:603A), the current Return-on-Tangible-Equity is 39.13% 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.
i Grid Solutions Inc develops and operates platforms for the integrated utilization of distributed energy resources. Its business activities include the development and operation of on-site solar power plants, related support and consulting services, energy storage systems, EV-related solutions, and renewable energy trading services.
8GF Score
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