The historical rank and industry rank for Ztest Electronics's ROE % or its related term are showing as below:
ZTSTF'
s ROE % Range Over the Past 10 Years
Min: -78.41 Med: -14.49 Max: 62.56
Current: 21.65
During the past 13 years, Ztest Electronics's highest ROE % was 62.56%. The lowest was -78.41%. And the median was -14.49%.
ZTSTF's ROE % is ranked better than 91.67% of 2426
companies
in the Hardware industry
Industry Median: 4.635
vs ZTSTF: 21.65
Ztest Electronics (OTCPK:ZTSTF) 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.
Ztest Electronics ROE % Related Terms
Ztest Electronics ROE % Historical Data
* Premium members only.
The historical data trend for Ztest Electronics'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 Electronic Components subindustry, Ztest Electronics'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.
Ztest Electronics ROE % vs Hardware Industry
For the Hardware industry and Technology sector, Ztest Electronics's ROE % distribution charts can be found below:
* The bar in red indicates where Ztest Electronics'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.
Ztest Electronics (ZTSTF) has a ROE % of 22.30% 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 Ztest Electronics and its competitors. According to the industry distribution chart, Ztest Electronics ranks #202 out of 2426 companies in the Hardware industry, placing it in the top 8.3%.
Is Ztest Electronics' ROE % too high?
Ztest Electronics' current ROE % is 22.30%. The Hardware industry median ROE % is 4.64. Ztest Electronics' value of 22.30% is 381.1% above this industry median. Based on the distribution chart, Ztest Electronics ranks #202 out of 2426 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Ztest Electronics has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ztest Electronics' ROE % compare to APH and GLW?
According to the Hardware industry distribution chart, Ztest Electronics ranks #202 out of 2426 companies for ROE %. This places Ztest Electronics in the top 8% of its industry — outperforming the majority of peers. The industry median ROE % is 4.64. Ztest Electronics' value of 22.30% is 381.1% above this benchmark. 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 4.64, based on 2,426 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. Ztest Electronics's current ROE % of 22.30% is 381.1% 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 Ztest Electronics and its competitors. For the Hardware industry, the median ROE % is 4.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ztest Electronics's current ROE % is 22.30%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ztest Electronics stock overvalued right now?
Based on GuruFocus' analysis, Ztest Electronics (ZTSTF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.15, compared to a current price of $0.23 — trading 53.3% above its estimated fair value. The current ROE % is 22.30% and 381.1% above the Hardware industry median of 4.64. Ztest Electronics' overall GF Score™ is 47/100 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 Ztest Electronics (ZTSTF), the current ROE % is 22.30% 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 Ztest Electronics (ZTSTF) Overvalued in 2026?
Based on GuruFocus' analysis, Ztest Electronics stock appears to be overvalued.
The current stock price of $0.23 is trading 53.3% above its estimated GF Value™ of $0.15.
GuruFocus considers Ztest Electronics to be Significantly Overvalued.
Key valuation signals for ZTSTF:
ROE %: 22.30%
GF Value™: $0.15 vs. price of $0.23 (53.3% above fair value)
Industry Position: 381.1% above the Hardware median (#202 of 2426)
No single metric tells the full story. See the ZTSTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ztest Electronics Inc is a Canada-based company. It is involved in the designing, developing, and assembling printed circuit boards and other electronic equipment. Geographically, the company operates only in Canada.
47GF Score
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