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NSE:VICTORYEV's ROE % is ranked better than 65.7% of 1306
companies
in the Vehicles & Parts industry
Industry Median: 6.62
vs NSE:VICTORYEV: 10.35
Victory Electric Vehicles International (NSE:VICTORYEV) 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 two times the semi-annual (Sep. 2025) net income data. The Revenue data used here is two times the semi-annual (Sep. 2025) 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.
Victory Electric Vehicles International ROE % Related Terms
Victory Electric Vehicles International ROE % Historical Data
* 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.
Victory Electric Vehicles International ROE % Chart
Victory Electric Vehicles International Annual Data
Trend
Mar23
Mar24
Mar25
ROE %
18.59
70.19
42.11
Victory Electric Vehicles International Semi-Annual Data
Mar23
Mar24
Mar25
Sep25
ROE %
0.00
0.00
0.00
20.71
NSE:VICTORYEV vs TSLA, GM, F: ROE % Comparison
For the Auto Manufacturers subindustry, Victory Electric Vehicles International'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.
Victory Electric Vehicles International ROE % vs Vehicles & Parts Industry
* 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 (Sep. 2025) net income data.
ROE % is displayed in the 30-year financial page.
Victory Electric Vehicles International (NSE:VICTORYEV) has a ROE % of 20.71% as of Sep. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Victory Electric Vehicles International and its competitors. This is 51% below median its historical median of 42.11. Over the past decade, Victory Electric Vehicles International's ROE % has ranged from 10.35 to 70.19. According to the industry distribution chart, Victory Electric Vehicles International ranks #448 out of 1306 companies in the Vehicles & Parts industry, placing it in the top 34.3%.
Is Victory Electric Vehicles International's ROE % too high?
Victory Electric Vehicles International's current ROE % of 20.71% is 51% below median its 10-year median of 42.11. Over the past 10 years, this metric has ranged from a low of 10.35 to a high of 70.19. The Vehicles & Parts industry median ROE % is 6.62. Victory Electric Vehicles International's value of 20.71% is 212.8% above this industry median. Based on the distribution chart, Victory Electric Vehicles International ranks #448 out of 1306 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Victory Electric Vehicles International has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Victory Electric Vehicles International's ROE % compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Victory Electric Vehicles International ranks #448 out of 1306 companies for ROE %. This puts Victory Electric Vehicles International in the upper half of its industry. The industry median ROE % is 6.62. Victory Electric Vehicles International's value of 20.71% is 212.8% above this benchmark. Historically, Victory Electric Vehicles International's own ROE % has ranged from 10.35 to 70.19 over the past decade. While the company's 10-year median is 42.11 vs. the industry median of 6.62, Victory Electric Vehicles International 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 Vehicles & Parts company?
The median ROE % among Vehicles & Parts companies is 6.62, based on 1,306 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. Victory Electric Vehicles International's current ROE % of 20.71% is 212.8% 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 Victory Electric Vehicles International and its competitors. For the Vehicles & Parts industry, the median ROE % is 6.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Victory Electric Vehicles International's current ROE % is 20.71%, which is 51% below median its own 10-year median of 42.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Victory Electric Vehicles International stock overvalued right now?
Victory Electric Vehicles International (NSE:VICTORYEV) has a current ROE % of 20.71%. The current ROE % is 20.71%, which is 51% below median its 10-year median of 42.11 and 212.8% above the Vehicles & Parts industry median of 6.62. Victory Electric Vehicles International's overall GF Score™ is 18/100 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 Victory Electric Vehicles International (NSE:VICTORYEV), the current ROE % is 20.71% as of Sep. 2025. 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.
Victory Electric Vehicles International Business Description
Victory Electric Vehicles International Ltd is engaged in the business of manufacturing of battery operated electric rickshaws and electric scooters. The company's key offerings include solar rickshaws, Auto-rickshaws, Motor vehicles, Scooters, Motor-Scooters, three-wheelers, motor cycles, cycles automobiles, and motorcars. Its product segments include Two wheelers, Three wheelers, Passenger Vehicles, and Commercial Vehicles. The company generates the majority of revenue from the sale of Electric Vehicles, mainly from Three-Wheeler vehicle sales.
18GF Score
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