No doubt the numbers are fantastic. This is good for the company. But the stock is trading at around 11.77 times the Book Value and 11.59 times the Capital Employed (based on numbers shown in Screener). So for someone buying today, his ROE is 43.6 / 11.77 = 3.70 % and his ROCE is 54.9 / 11/59 = 4.73 %. Would that be the right way to look at it, or I am missing something?
(Disc: No view on TCS, only discussing the methodology here)
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