Topicus comTSXV:TOI -2.70%57 ROE % is 27.55% as of Mar. 2026, which is 19% above its 10-year median of 23.18. GuruFocus rates TSXV:TOI with a GF Score™ of 57/100 and a GF Value™ of C$189.13 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 2,677 Software companies, Topicus com ranks better than 54.76% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Topicus com's annualized net income for the quarter that ended in Mar. 2026 was C$217 Mil. Topicus com's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was C$788 Mil. Therefore, Topicus com's annualized ROE % for the quarter that ended in Mar. 2026 was 27.55%.
The historical rank and industry rank for Topicus com's ROE % or its related term are showing as below:
TSXV:TOI'
s ROE % Range Over the Past 10 Years
Min: 6.41 Med: 23.18 Max: 28.57
Current: 6.41
During the past 7 years, Topicus com's highest ROE % was 28.57%. The lowest was 6.41%. And the median was 23.18%.
TSXV:TOI's ROE % is ranked better than 54.76% of 2677
companies
in the Software industry
Industry Median: 4.68
vs TSXV:TOI: 6.41
Topicus com (TSXV:TOI) 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.
Topicus com ROE % Related Terms
Topicus com ROE % Historical Data
* Premium members only.
The historical data trend for Topicus com'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 - Infrastructure subindustry, Topicus com'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.
Topicus com ROE % vs Software Industry
For the Software industry and Technology sector, Topicus com's ROE % distribution charts can be found below:
* The bar in red indicates where Topicus com'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.
Topicus com (TSXV:TOI) has a ROE % of 27.55% 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 Topicus com and its competitors. This is 19% above median its historical median of 23.18. Over the past decade, Topicus com's ROE % has ranged from 6.41 to 28.57. According to the industry distribution chart, Topicus com ranks #1211 out of 2677 companies in the Software industry, placing it in the top 45.2%.
Is Topicus com's ROE % too high?
Topicus com's current ROE % of 27.55% is 19% above median its 10-year median of 23.18. Over the past 10 years, this metric has ranged from a low of 6.41 to a high of 28.57. The Software industry median ROE % is 4.68. Topicus com's value of 27.55% is 488.7% above this industry median. Based on the distribution chart, Topicus com ranks #1211 out of 2677 companies in the Software industry, which is above the industry midpoint. Overall, Topicus com has a GF Score™ of 57/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Topicus com's ROE % compare to MSFT and ORCL?
According to the Software industry distribution chart, Topicus com ranks #1211 out of 2677 companies for ROE %. This puts Topicus com in the upper half of its industry. The industry median ROE % is 4.68. Topicus com's value of 27.55% is 488.7% above this benchmark. Historically, Topicus com's own ROE % has ranged from 6.41 to 28.57 over the past decade. While the company's 10-year median is 23.18 vs. the industry median of 4.68, Topicus com 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 4.68, based on 2,677 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. Topicus com's current ROE % of 27.55% is 488.7% 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 Topicus com and its competitors. For the Software industry, the median ROE % is 4.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Topicus com's current ROE % is 27.55%, which is 19% above median its own 10-year median of 23.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Topicus com stock overvalued right now?
Based on GuruFocus' analysis, Topicus com (TSXV:TOI) is currently considered Significantly Undervalued. The stock's GF Value™ is C$189.13, compared to a current price of C$91.70 — trading 51.5% below its estimated fair value. The current ROE % is 27.55%, which is 19% above median its 10-year median of 23.18 and 488.7% above the Software industry median of 4.68. Topicus com's overall GF Score™ is 57/100 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 Topicus com (TSXV:TOI), the current ROE % is 27.55% 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 Topicus com (TSXV:TOI) Overvalued in 2026?
Based on GuruFocus' analysis, Topicus com stock appears to be undervalued.
The current stock price of C$91.70 is trading 51.5% below its estimated GF Value™ of C$189.13.
GuruFocus considers Topicus com to be Significantly Undervalued.
Key valuation signals for TSXV:TOI:
ROE %: 27.55% (19% above median its 10-year median of 23.18)
GF Value™: C$189.13 vs. price of C$91.70 (51.5% below fair value)
Industry Position: 488.7% above the Software median (#1211 of 2677)
No single metric tells the full story. See the TSXV:TOI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Topicus com Inc is engaged in the development, installation, and customization of vertical market software and the provision of related professional services and support for customers across several diverse markets, mainly in Europe. Its revenue consists mainly of software license fees, maintenance and other recurring fees, professional service fees, and hardware sales. Geographically, the company generates maximum revenue from its business in the Netherlands, and the rest from other markets.
57GF Score
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