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.
Waaree Technologies ROE % Related Terms
Waaree Technologies ROE % Historical Data
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The historical data trend for Waaree Technologies'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 Solar subindustry, Waaree Technologies'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.
Waaree Technologies ROE % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Waaree Technologies's ROE % distribution charts can be found below:
* The bar in red indicates where Waaree Technologies'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.
* Note that if the average Total Stockholders Equity is zero or negative, then ROE % would be considered meaningless and hence not be calculated.
Waaree Technologies (BOM:539337) has a ROE % of 0.00% 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 Waaree Technologies and its competitors. According to the industry distribution chart, Waaree Technologies ranks #999999 out of 1001 companies in the Semiconductors industry.
Is Waaree Technologies' ROE % too high?
Waaree Technologies' current ROE % is 0.00%. Based on the distribution chart, Waaree Technologies ranks #999999 out of 1001 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Waaree Technologies has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Waaree Technologies' ROE % compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Waaree Technologies ranks #999999 out of 1001 companies for ROE %. This places Waaree Technologies in the lower half of its industry. The industry median ROE % is 4.60. 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 Semiconductors company?
The median ROE % among Semiconductors companies is 4.60, based on 1,001 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. 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 Waaree Technologies and its competitors. For the Semiconductors industry, the median ROE % is 4.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Waaree Technologies's current ROE % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Waaree Technologies stock overvalued right now?
Based on GuruFocus' analysis, Waaree Technologies (BOM:539337) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹186.84, compared to a current price of ₹250.00 — trading 33.8% above its estimated fair value. The current ROE % is 0.00%. Waaree Technologies' overall GF Score™ is 45/100 with 5 warning signs 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 Waaree Technologies (BOM:539337), the current ROE % is 0.00% 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 Waaree Technologies (BOM:539337) Overvalued in 2026?
Based on GuruFocus' analysis, Waaree Technologies stock appears to be overvalued.
The current stock price of ₹250.00 is trading 33.8% above its estimated GF Value™ of ₹186.84.
GuruFocus considers Waaree Technologies to be Significantly Overvalued.
Key valuation signals for BOM:539337:
ROE %: 0.00%
GF Value™: ₹186.84 vs. price of ₹250.00 (33.8% above fair value)
No single metric tells the full story. See the BOM:539337 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Waaree Technologies Ltd is engaged in the business of manufacturing batteries, catering to both industrial and consumer segments, with a particular focus on energy storage systems, electric vehicles (EVs). The Products of the company include PV modules and Solar inverters. Its Solutions are Ground Mounted, Roof Top, Floating Solar, Asset Management, and Green Hydrogen. The company operates in a single segment is assembling and dealing in lithium batteries.
45GF Score
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