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.
NSE:ASTRAMICRO vs CSCO, CIEN, MSI: ROE % Comparison
For the Communication Equipment subindustry, Astra Microwave Products'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.
Astra Microwave Products ROE % vs Hardware Industry
For the Hardware industry and Technology sector, Astra Microwave Products's ROE % distribution charts can be found below:
* The bar in red indicates where Astra Microwave Products'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.
Astra Microwave Products (NSE:ASTRAMICRO) has a ROE % of 32.25% 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 Astra Microwave Products and its competitors. This is 166% above median its historical median of 12.11. Over the past decade, Astra Microwave Products' ROE % has ranged from 1.95 to 16.19. According to the industry distribution chart, Astra Microwave Products ranks #360 out of 2423 companies in the Hardware industry, placing it in the top 14.9%.
Is Astra Microwave Products' ROE % too high?
Astra Microwave Products' current ROE % of 32.25% is 166% above median its 10-year median of 12.11. Over the past 10 years, this metric has ranged from a low of 1.95 to a high of 16.19. The Hardware industry median ROE % is 4.61. Astra Microwave Products' value of 32.25% is 599.6% above this industry median. Based on the distribution chart, Astra Microwave Products ranks #360 out of 2423 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Astra Microwave Products has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Astra Microwave Products' ROE % compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Astra Microwave Products ranks #360 out of 2423 companies for ROE %. This places Astra Microwave Products in the top 15% of its industry — outperforming the majority of peers. The industry median ROE % is 4.61. Astra Microwave Products' value of 32.25% is 599.6% above this benchmark. Historically, Astra Microwave Products' own ROE % has ranged from 1.95 to 16.19 over the past decade. While the company's 10-year median is 12.11 vs. the industry median of 4.61, Astra Microwave Products 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 Hardware company?
The median ROE % among Hardware companies is 4.61, based on 2,423 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. Astra Microwave Products's current ROE % of 32.25% is 599.6% 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 Astra Microwave Products and its competitors. For the Hardware industry, the median ROE % is 4.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Astra Microwave Products's current ROE % is 32.25%, which is 166% above median its own 10-year median of 12.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Astra Microwave Products stock overvalued right now?
Based on GuruFocus' analysis, Astra Microwave Products (NSE:ASTRAMICRO) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹1,014.41, compared to a current price of ₹1,721.70 — trading 69.7% above its estimated fair value. The current ROE % is 32.25%, which is 166% above median its 10-year median of 12.11 and 599.6% above the Hardware industry median of 4.61. Astra Microwave Products' overall GF Score™ is 77/100 with 7 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 Astra Microwave Products (NSE:ASTRAMICRO), the current ROE % is 32.25% 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 Astra Microwave Products (NSE:ASTRAMICRO) Overvalued in 2026?
Based on GuruFocus' analysis, Astra Microwave Products stock appears to be overvalued.
The current stock price of ₹1,721.70 is trading 69.7% above its estimated GF Value™ of ₹1,014.41.
GuruFocus considers Astra Microwave Products to be Significantly Overvalued.
Key valuation signals for NSE:ASTRAMICRO:
ROE %: 32.25% (166% above median its 10-year median of 12.11)
GF Value™: ₹1,014.41 vs. price of ₹1,721.70 (69.7% above fair value)
Industry Position: 599.6% above the Hardware median (#360 of 2423)
No single metric tells the full story. See the NSE:ASTRAMICRO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Astra Microwave Products Ltd is engaged in designing and manufacturing radio frequency (RF) and microwave super components and sub-systems finding applications in defense, space, telecom, meteorology, and civil communication systems. The principal activity of the company is to carry on the business to manufacture, produce, assemble, repair, maintain, importing, export, buy, sell, or otherwise deal in all kinds of electronic items and components.
77GF Score
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