Ethos (BOM:543532) ROE % Adjusted to Book Value: 1.51% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

BOM:543532 Ethos Ltd BOM:543532
94 GF Score
Price ₹2,539.35
GF Value ₹3,498.88
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Ethos ROE % Adjusted to Book Value?

Ethos BOM:543532 -0.68% 94 ROE % Adjusted to Book Value is 1.51% as of Mar. 2026. GuruFocus rates BOM:543532 with a GF Score™ of 94/100 and a GF Value™ of ₹3,498.88 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Ethos's ROE % for the quarter that ended in Mar. 2026 was 5.92%. Ethos's PB Ratio for the quarter that ended in Mar. 2026 was 3.91. Ethos's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was 1.51%.


Ethos ROE % Adjusted to Book Value Related Terms


Ethos ROE % Adjusted to Book Value Historical Data

* Premium members only.

The historical data trend for Ethos's ROE % Adjusted to Book Value 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.

Ethos ROE % Adjusted to Book Value Chart

Ethos Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROE % Adjusted to Book Value
Get a 7-Day Free Trial 0.00 3.92 1.53 1.67 1.96

Ethos Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Adjusted to Book Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.50 0.00 1.38 0.00 1.51

BOM:543532 vs TPR: ROE % Adjusted to Book Value Comparison

For the Luxury Goods subindustry, Ethos's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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.


Ethos ROE % Adjusted to Book Value vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Ethos's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Ethos's ROE % Adjusted to Book Value falls into.


BOM:543532
94GF Score
Ethos Ltd BOM:543532
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ethos ROE % Adjusted to Book Value Calculation

Ethos's ROE % Adjusted to Book Value for the fiscal year that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=7.67% / 3.91
=1.96%

Ethos's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=5.92% / 3.91
=1.51%

* 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.

What does a ROE % Adjusted to Book Value of 1.51% mean?
Ethos (BOM:543532) has a ROE % Adjusted to Book Value of 1.51% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Ethos and its competitors.
Is Ethos' ROE % Adjusted to Book Value too high?
Ethos' current ROE % Adjusted to Book Value is 1.51%. Overall, Ethos has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ethos' ROE % Adjusted to Book Value compare to TPR?
Ethos' ROE % Adjusted to Book Value of 1.51% can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for a Retail - Cyclical company?
A good ROE % Adjusted to Book Value depends on the Retail - Cyclical industry context. However, ROE % Adjusted to Book Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Ethos and its competitors. Ethos's current ROE % Adjusted to Book Value is 1.51%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ethos stock overvalued right now?
Based on GuruFocus' analysis, Ethos (BOM:543532) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹3,498.88, compared to a current price of ₹2,539.35 — trading 27.4% below its estimated fair value. The current ROE % Adjusted to Book Value is 1.51%. Ethos' overall GF Score™ is 94/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For Ethos (BOM:543532), the current ROE % Adjusted to Book Value is 1.51% 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 Ethos (BOM:543532) Overvalued in 2026?

Based on GuruFocus' analysis, Ethos stock appears to be undervalued. The current stock price of ₹2,539.35 is trading 27.4% below its estimated GF Value™ of ₹3,498.88. GuruFocus considers Ethos to be Modestly Undervalued.

Key valuation signals for BOM:543532:

  • ROE % Adjusted to Book Value: 1.51%
  • GF Value™: ₹3,498.88 vs. price of ₹2,539.35 (27.4% below fair value)
  • GF Score™: 94/100 with 2 warning signs

No single metric tells the full story. See the BOM:543532 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ethos Business Description

Other Exchanges ETHOSLTD:India
Address MG Road, Virendra Gram, First Floor, Global Gateway Towers A, Guru Dronacharya Metro Station, Gurugram, HR, IND, 122 002
Ethos Ltd is a luxury and premium watch retailer. The company's portfolio of premium and luxury watches includes brands like Omega, IWC Schaffhausen, Jaeger LeCoultre, Panerai, Bvlgari, H. Moser & Cie, Rado, Longines, Baume & Mercier, Oris SA, Corum, Carl F. Bucherer, Tissot, Raymond Weil, Louis Moinet, Balmain, and many more. The company also offers an omnichannel experience through its website and social media platforms.
94GF Score

Get the complete analysis for BOM:543532

ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹2,539.35
Price
₹3,498.88
GF Value