Argon DenimsDHA:ARGONDENIM +2.53%87 ROE % is 3.47% as of Mar. 2026, which is 45% below its 10-year median of 6.30. GuruFocus rates DHA:ARGONDENIM with a GF Score™ of 87/100 and a GF Value™ of BDT16.65 (Modestly Overvalued). The stock has 12 warning signs investors should review. Among 1,022 Manufacturing - Apparel & Accessories companies, Argon Denims ranks better than 52.35% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Argon Denims's annualized net income for the quarter that ended in Mar. 2026 was BDT120 Mil. Argon Denims's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was BDT3,452 Mil. Therefore, Argon Denims's annualized ROE % for the quarter that ended in Mar. 2026 was 3.47%.
The historical rank and industry rank for Argon Denims's ROE % or its related term are showing as below:
DHA:ARGONDENIM'
s ROE % Range Over the Past 10 Years
Min: 2.09 Med: 6.3 Max: 13.6
Current: 4.62
During the past 11 years, Argon Denims's highest ROE % was 13.60%. The lowest was 2.09%. And the median was 6.30%.
DHA:ARGONDENIM's ROE % is ranked better than 52.35% of 1022
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.085
vs DHA:ARGONDENIM: 4.62
Argon Denims (DHA:ARGONDENIM) 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 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.
Argon Denims ROE % Related Terms
Argon Denims ROE % Historical Data
* Premium members only.
The historical data trend for Argon Denims'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 Textile Manufacturing subindustry, Argon Denims'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.
Argon Denims ROE % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Argon Denims's ROE % distribution charts can be found below:
* The bar in red indicates where Argon Denims'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.
Argon Denims (DHA:ARGONDENIM) has a ROE % of 3.47% 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 Argon Denims and its competitors. This is 45% below median its historical median of 6.30. Over the past decade, Argon Denims' ROE % has ranged from 2.09 to 13.60. According to the industry distribution chart, Argon Denims ranks #487 out of 1022 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 47.7%.
Is Argon Denims' ROE % too high?
Argon Denims' current ROE % of 3.47% is 45% below median its 10-year median of 6.30. Over the past 10 years, this metric has ranged from a low of 2.09 to a high of 13.60. The Manufacturing - Apparel & Accessories industry median ROE % is 4.09. Argon Denims' value of 3.47% is 15.1% below this industry median. Based on the distribution chart, Argon Denims ranks #487 out of 1022 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Argon Denims has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Argon Denims' ROE % compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Argon Denims ranks #487 out of 1022 companies for ROE %. This puts Argon Denims in the upper half of its industry. The industry median ROE % is 4.09. Argon Denims' value of 3.47% is 15.1% below this benchmark. Historically, Argon Denims' own ROE % has ranged from 2.09 to 13.60 over the past decade. While the company's 10-year median is 6.30 vs. the industry median of 4.09, Argon Denims has consistently been below 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 Manufacturing - Apparel & Accessories company?
The median ROE % among Manufacturing - Apparel & Accessories companies is 4.09, based on 1,022 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. Argon Denims's current ROE % of 3.47% is 15.1% below 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 Argon Denims and its competitors. For the Manufacturing - Apparel & Accessories industry, the median ROE % is 4.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Argon Denims's current ROE % is 3.47%, which is 45% below median its own 10-year median of 6.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Argon Denims stock overvalued right now?
Based on GuruFocus' analysis, Argon Denims (DHA:ARGONDENIM) is currently considered Modestly Overvalued. The stock's GF Value™ is BDT16.65, compared to a current price of BDT20.30 — trading 21.9% above its estimated fair value. The current ROE % is 3.47%, which is 45% below median its 10-year median of 6.30 and 15.1% below the Manufacturing - Apparel & Accessories industry median of 4.09. Argon Denims' overall GF Score™ is 87/100 with 12 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 Argon Denims (DHA:ARGONDENIM), the current ROE % is 3.47% 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 Argon Denims (DHA:ARGONDENIM) Overvalued in 2026?
Based on GuruFocus' analysis, Argon Denims stock appears to be overvalued.
The current stock price of BDT20.30 is trading 21.9% above its estimated GF Value™ of BDT16.65.
GuruFocus considers Argon Denims to be Modestly Overvalued.
Key valuation signals for DHA:ARGONDENIM:
ROE %: 3.47% (45% below median its 10-year median of 6.30)
GF Value™: BDT16.65 vs. price of BDT20.30 (21.9% above fair value)
Industry Position: 15.1% below the Manufacturing - Apparel & Accessories median (#487 of 1022)
No single metric tells the full story. See the DHA:ARGONDENIM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Argon Denims Ltd is engaged in manufacturing, dyeing, and finishing Denim Fabric based in Bangladesh and focuses on exports. The firm carries out the business of weaving, spinning, bleaching, dyeing, mercerizing, printing, finishing, and selling denim fabrics, yarn, cloth, linen, hosiery, and other goods and fabrics, whether textiles knitted or looped. It produces a medium and premium range of denim fabrics in various weights. The products include fabrics in 100% cotton, cotton stretch, cotton polyester, and cotton-polyester stretch. The dyeing line is equipped with light and dark indigo, Sulphur black, SBIT, IBST, with casts and colors.
87GF Score
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