Black BoxNSE:BBOX -2.90%64 ROE % is 20.13% as of Mar. 2026, which is 5% below its 10-year median of 21.27. GuruFocus rates NSE:BBOX with a GF Score™ of 64/100 and a GF Value™ of ₹502.68 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,682 Software companies, Black Box ranks better than 84.41% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Black Box's annualized net income for the quarter that ended in Mar. 2026 was ₹2,590 Mil. Black Box's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹12,869 Mil. Therefore, Black Box's annualized ROE % for the quarter that ended in Mar. 2026 was 20.13%.
The historical rank and industry rank for Black Box's ROE % or its related term are showing as below:
NSE:BBOX'
s ROE % Range Over the Past 10 Years
Min: -144.84 Med: 21.27 Max: 511.06
Current: 22.12
During the past 13 years, Black Box's highest ROE % was 511.06%. The lowest was -144.84%. And the median was 21.27%.
NSE:BBOX's ROE % is ranked better than 84.41% of 2682
companies
in the Software industry
Industry Median: 4.72
vs NSE:BBOX: 22.12
Black Box (NSE:BBOX) 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.
Black Box ROE % Related Terms
Black Box ROE % Historical Data
* Premium members only.
The historical data trend for Black Box'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 Software - Application subindustry, Black Box'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.
Black Box ROE % vs Software Industry
For the Software industry and Technology sector, Black Box's ROE % distribution charts can be found below:
* The bar in red indicates where Black Box'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.
Black Box (NSE:BBOX) has a ROE % of 20.13% 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 Black Box and its competitors. This is near median its historical median of 21.27. According to the industry distribution chart, Black Box ranks #418 out of 2682 companies in the Software industry, placing it in the top 15.6%.
Is Black Box's ROE % too high?
Black Box's current ROE % of 20.13% is near median its 10-year median of 21.27. The Software industry median ROE % is 4.72. Black Box's value of 20.13% is 326.5% above this industry median. Based on the distribution chart, Black Box ranks #418 out of 2682 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Black Box has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Black Box's ROE % compare to CRM and SHOP?
According to the Software industry distribution chart, Black Box ranks #418 out of 2682 companies for ROE %. This places Black Box in the top 16% of its industry — outperforming the majority of peers. The industry median ROE % is 4.72. Black Box's value of 20.13% is 326.5% above this benchmark. While the company's 10-year median is 21.27 vs. the industry median of 4.72, Black Box 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 4.72, based on 2,682 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. Black Box's current ROE % of 20.13% is 326.5% 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 Black Box and its competitors. For the Software industry, the median ROE % is 4.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Black Box's current ROE % is 20.13%, which is near median its own 10-year median of 21.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Box stock overvalued right now?
Based on GuruFocus' analysis, Black Box (NSE:BBOX) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹502.68, compared to a current price of ₹957.90 — trading 90.6% above its estimated fair value. The current ROE % is 20.13%, which is near median its 10-year median of 21.27 and 326.5% above the Software industry median of 4.72. Black Box's overall GF Score™ is 64/100 with 2 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 Black Box (NSE:BBOX), the current ROE % is 20.13% 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 Black Box (NSE:BBOX) Overvalued in 2026?
Based on GuruFocus' analysis, Black Box stock appears to be overvalued.
The current stock price of ₹957.90 is trading 90.6% above its estimated GF Value™ of ₹502.68.
GuruFocus considers Black Box to be Significantly Overvalued.
Key valuation signals for NSE:BBOX:
ROE %: 20.13% (near median its 10-year median of 21.27)
GF Value™: ₹502.68 vs. price of ₹957.90 (90.6% above fair value)
Industry Position: 326.5% above the Software median (#418 of 2682)
No single metric tells the full story. See the NSE:BBOX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Black Box Ltd along with its subsidiaries provides information, communications technology solutions provider, and an integrator that delivers technology-based solutions across world markets and verticals with a spectrum of applications and services. The company's operating segments are Global System Integration (GSI); Technology Product Solution (TPS) and Others comprising of training and consulting services. It generates maximum revenue from the System Integration (SI) segment. The company exports its product to the Middle East/Africa, North America, Australia, New Zealand, Singapore, and Europe. Its solution line consists of unified communications, network infrastructure, data center, cyber security (CYBER-i), and digital transformation and applications.
64GF Score
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