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Icodex Publishing SolutionsBOM:544483 -5.17%22 ROE % is 5.74% as of Mar. 2026, which is 90% below its 10-year median of 55.11. GuruFocus rates BOM:544483 with a GF Score™ of 22/100. The stock has 4 warning signs investors should review. Among 2,691 Software companies, Icodex Publishing Solutions ranks better than 76.07% on this metric.
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.
* 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, Icodex Publishing Solutions'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.
Icodex Publishing Solutions ROE % vs Software Industry
For the Software industry and Technology sector, Icodex Publishing Solutions's ROE % distribution charts can be found below:
* The bar in red indicates where Icodex Publishing Solutions'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.
Icodex Publishing Solutions (BOM:544483) has a ROE % of 5.74% 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 Icodex Publishing Solutions and its competitors. This is 90% below median its historical median of 55.11. Over the past decade, Icodex Publishing Solutions' ROE % has ranged from 16.36 to 68.79. According to the industry distribution chart, Icodex Publishing Solutions ranks #644 out of 2691 companies in the Software industry, placing it in the top 23.9%.
Is Icodex Publishing Solutions' ROE % too high?
Icodex Publishing Solutions' current ROE % of 5.74% is 90% below median its 10-year median of 55.11. Over the past 10 years, this metric has ranged from a low of 16.36 to a high of 68.79. The Software industry median ROE % is 4.86. Icodex Publishing Solutions' value of 5.74% is 18.1% above this industry median. Based on the distribution chart, Icodex Publishing Solutions ranks #644 out of 2691 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Icodex Publishing Solutions has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Icodex Publishing Solutions' ROE % compare to QH and SHOP?
According to the Software industry distribution chart, Icodex Publishing Solutions ranks #644 out of 2691 companies for ROE %. This places Icodex Publishing Solutions in the top 24% of its industry — outperforming the majority of peers. The industry median ROE % is 4.86. Icodex Publishing Solutions' value of 5.74% is 18.1% above this benchmark. Historically, Icodex Publishing Solutions' own ROE % has ranged from 16.36 to 68.79 over the past decade. While the company's 10-year median is 55.11 vs. the industry median of 4.86, Icodex Publishing Solutions 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 4.86, based on 2,691 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. Icodex Publishing Solutions's current ROE % of 5.74% is 18.1% 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 Icodex Publishing Solutions and its competitors. For the Software industry, the median ROE % is 4.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Icodex Publishing Solutions's current ROE % is 5.74%, which is 90% below median its own 10-year median of 55.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Icodex Publishing Solutions stock overvalued right now?
Icodex Publishing Solutions (BOM:544483) has a current ROE % of 5.74%. The current ROE % is 5.74%, which is 90% below median its 10-year median of 55.11 and 18.1% above the Software industry median of 4.86. Icodex Publishing Solutions' overall GF Score™ is 22/100 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 Icodex Publishing Solutions (BOM:544483), the current ROE % is 5.74% 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.
Icodex Publishing Solutions Ltd is engaged in the business of Software Product Development for Scholarly Publishing. Its Software products help in publication of research papers, studies and academic articles; that help researchers, academicians, and scholars in their field of work. The company specializes in a developing and providing publishing products and software, which support the publishing process, i.e., from manuscript preparation till print and digital content distribution. It also provides Business Process Management services that support the publishing process with activities like Quality assurance checks, editorial services and back-end support to its Global Publishing Client.
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