Technology OneASX:TNE +2.45%100 ROE % is 30.40% as of Mar. 2026, which is 16% below its 10-year median of 36.10. GuruFocus rates ASX:TNE with a GF Score™ of 100/100 and a GF Value™ of A$30.01 (Fairly Valued). The stock has 1 warning sign investors should review. Among 2,681 Software companies, Technology One ranks better than 91.09% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Technology One's annualized net income for the quarter that ended in Mar. 2026 was A$133.6 Mil. Technology One's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was A$439.4 Mil. Therefore, Technology One's annualized ROE % for the quarter that ended in Mar. 2026 was 30.40%.
The historical rank and industry rank for Technology One's ROE % or its related term are showing as below:
ASX:TNE'
s ROE % Range Over the Past 10 Years
Min: 30.06 Med: 36.1 Max: 50.55
Current: 32.78
During the past 13 years, Technology One's highest ROE % was 50.55%. The lowest was 30.06%. And the median was 36.10%.
ASX:TNE's ROE % is ranked better than 91.09% of 2681
companies
in the Software industry
Industry Median: 4.71
vs ASX:TNE: 32.78
Technology One (ASX:TNE) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is two times the semi-annual (Mar. 2026) net income data. The Revenue data used here is two times the semi-annual (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.
Technology One ROE % Related Terms
Technology One ROE % Historical Data
* Premium members only.
The historical data trend for Technology One's ROE % 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.
For the Software - Application subindustry, Technology One's ROE %, along with its competitors' market caps and ROE % 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.
Technology One ROE % vs Software Industry
For the Software industry and Technology sector, Technology One's ROE % distribution charts can be found below:
* The bar in red indicates where Technology One's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder 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.
ROE % is displayed in the 30-year financial page.
Technology One (ASX:TNE) has a ROE % of 30.40% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Technology One and its competitors. This is 16% below median its historical median of 36.10. Over the past decade, Technology One's ROE % has ranged from 30.06 to 50.55. According to the industry distribution chart, Technology One ranks #239 out of 2681 companies in the Software industry, placing it in the top 8.9%.
Is Technology One's ROE % too high?
Technology One's current ROE % of 30.40% is 16% below median its 10-year median of 36.10. Over the past 10 years, this metric has ranged from a low of 30.06 to a high of 50.55. The Software industry median ROE % is 4.71. Technology One's value of 30.40% is 545.4% above this industry median. Based on the distribution chart, Technology One ranks #239 out of 2681 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Technology One has a GF Score™ of 100/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Technology One's ROE % compare to CRM and SHOP?
According to the Software industry distribution chart, Technology One ranks #239 out of 2681 companies for ROE %. This places Technology One in the top 9% of its industry — outperforming the majority of peers. The industry median ROE % is 4.71. Technology One's value of 30.40% is 545.4% above this benchmark. Historically, Technology One's own ROE % has ranged from 30.06 to 50.55 over the past decade. While the company's 10-year median is 36.10 vs. the industry median of 4.71, Technology One 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 ROE % for a Software company?
The median ROE % among Software companies is 4.71, based on 2,681 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Technology One's current ROE % of 30.40% is 545.4% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Technology One and its competitors. For the Software industry, the median ROE % is 4.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Technology One's current ROE % is 30.40%, which is 16% below median its own 10-year median of 36.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Technology One stock overvalued right now?
Based on GuruFocus' analysis, Technology One (ASX:TNE) is currently considered Fairly Valued. The stock's GF Value™ is A$30.01, compared to a current price of A$28.41 — trading 5.3% below its estimated fair value. The current ROE % is 30.40%, which is 16% below median its 10-year median of 36.10 and 545.4% above the Software industry median of 4.71. Technology One's overall GF Score™ is 100/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Technology One (ASX:TNE), the current ROE % is 30.40% 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 Technology One (ASX:TNE) Overvalued in 2026?
Based on GuruFocus' analysis, Technology One stock appears to be undervalued.
The current stock price of A$28.41 is trading 5.3% below its estimated GF Value™ of A$30.01.
GuruFocus considers Technology One to be Fairly Valued.
Key valuation signals for ASX:TNE:
ROE %: 30.40% (16% below median its 10-year median of 36.10)
GF Value™: A$30.01 vs. price of A$28.41 (5.3% below fair value)
Industry Position: 545.4% above the Software median (#239 of 2681)
No single metric tells the full story. See the ASX:TNE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Technology One is a technology company providing enterprise resource planning software, primarily to governmental organizations, education institutions, and healthcare organizations in Australia, New Zealand, and the United Kingdom. Over the past three decades, Technology One has successfully carved out its niche, boasting dominant market shares in some of its key verticals, world-leading annual customer retention rates of over 99%, and a consistently growing number of products used per customer.
100GF Score
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