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 four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (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.
* 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 Information Technology Services subindustry, Protean eGov 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.
Protean eGov Technologies ROE % vs Software Industry
For the Software industry and Technology sector, Protean eGov Technologies's ROE % distribution charts can be found below:
* The bar in red indicates where Protean eGov 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 four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Protean eGov Technologies (BOM:544021) has a ROE % of 11.28% 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 Protean eGov Technologies and its competitors. This is near median its historical median of 11.96. Over the past decade, Protean eGov Technologies' ROE % has ranged from 9.61 to 19.77. According to the industry distribution chart, Protean eGov Technologies ranks #1002 out of 2683 companies in the Software industry, placing it in the top 37.3%.
Is Protean eGov Technologies' ROE % too high?
Protean eGov Technologies' current ROE % of 11.28% is near median its 10-year median of 11.96. Over the past 10 years, this metric has ranged from a low of 9.61 to a high of 19.77. The Software industry median ROE % is 4.73. Protean eGov Technologies' value of 11.28% is 138.5% above this industry median. Based on the distribution chart, Protean eGov Technologies ranks #1002 out of 2683 companies in the Software industry, which is above the industry midpoint. Overall, Protean eGov Technologies has a GF Score™ of 58/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Protean eGov Technologies' ROE % compare to IBM and ACN?
According to the Software industry distribution chart, Protean eGov Technologies ranks #1002 out of 2683 companies for ROE %. This puts Protean eGov Technologies in the upper half of its industry. The industry median ROE % is 4.73. Protean eGov Technologies' value of 11.28% is 138.5% above this benchmark. Historically, Protean eGov Technologies' own ROE % has ranged from 9.61 to 19.77 over the past decade. While the company's 10-year median is 11.96 vs. the industry median of 4.73, Protean eGov Technologies 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 4.73, based on 2,683 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. Protean eGov Technologies's current ROE % of 11.28% is 138.5% 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 Protean eGov Technologies and its competitors. For the Software industry, the median ROE % is 4.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Protean eGov Technologies's current ROE % is 11.28%, which is near median its own 10-year median of 11.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Protean eGov Technologies stock overvalued right now?
Based on GuruFocus' analysis, Protean eGov Technologies (BOM:544021) is currently considered Possible Value Trap. The stock's GF Value™ is ₹1,379.14, compared to a current price of ₹588.50 — trading 57.3% below its estimated fair value. The current ROE % is 11.28%, which is near median its 10-year median of 11.96 and 138.5% above the Software industry median of 4.73. Protean eGov Technologies' overall GF Score™ is 58/100 with 4 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 Protean eGov Technologies (BOM:544021), the current ROE % is 11.28% 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 Protean eGov Technologies (BOM:544021) Overvalued in 2026?
Based on GuruFocus' analysis, Protean eGov Technologies stock appears to be undervalued.
The current stock price of ₹588.50 is trading 57.3% below its estimated GF Value™ of ₹1,379.14.
GuruFocus considers Protean eGov Technologies to be Possible Value Trap.
Key valuation signals for BOM:544021:
ROE %: 11.28% (near median its 10-year median of 11.96)
GF Value™: ₹1,379.14 vs. price of ₹588.50 (57.3% below fair value)
Industry Position: 138.5% above the Software median (#1002 of 2683)
No single metric tells the full story. See the BOM:544021 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Protean eGov Technologies Ltd is engaged in providing Information Technology (IT) enabled e-Governance services. It works on tax modernization, open digital ecosystems, and social security-related projects. It offers citizen services, e-governance solutions, system integration, business process re-engineering, data center co-location, and IT consulting services for citizens, corporations, and the government. Some of the projects that the company works on include the acceptance and processing of PAN applications, e-KYC, GST verification, PAN verification, and others. Geographically, the company currently offers its services only in India.
58GF Score
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