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Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Punjab Communications's annualizedNet Income for the quarter that ended in Jun. 2026 was ₹114.6 Mil. Punjab Communications's average total tangible assets for the quarter that ended in Jun. 2026 was ₹889.4 Mil. Therefore, Punjab Communications's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 12.89%.
The historical rank and industry rank for Punjab Communications's Return-on-Tangible-Asset or its related term are showing as below:
BOM:500346'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -17.73 Med: -4.58 Max: 12.62
Current: 6.42
During the past 13 years, Punjab Communications's highest Return-on-Tangible-Asset was 12.62%. The lowest was -17.73%. And the median was -4.58%.
BOM:500346's Return-on-Tangible-Asset is ranked better than 70.81% of 2501
companies
in the Hardware industry
Industry Median: 2.85
vs BOM:500346: 6.42
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Punjab Communications Return-on-Tangible-Asset Related Terms
Punjab Communications Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Punjab Communications's Return-on-Tangible-Asset 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.
BOM:500346 vs CSCO, MSI, LITE: Return-on-Tangible-Asset Comparison
For the Communication Equipment subindustry, Punjab Communications's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
Punjab Communications Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Punjab Communications's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Punjab Communications's Return-on-Tangible-Asset 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 Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 12.89% mean?
Punjab Communications (BOM:500346) has a Return-on-Tangible-Asset of 12.89% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Punjab Communications and its competitors. According to the industry distribution chart, Punjab Communications ranks #730 out of 2501 companies in the Hardware industry, placing it in the top 29.2%.
Is Punjab Communications' Return-on-Tangible-Asset too high?
Punjab Communications' current Return-on-Tangible-Asset is 12.89%. The Hardware industry median Return-on-Tangible-Asset is 2.85. Punjab Communications' value of 12.89% is 352.3% above this industry median. Based on the distribution chart, Punjab Communications ranks #730 out of 2501 companies in the Hardware industry, which is above the industry midpoint. Overall, Punjab Communications has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Punjab Communications' Return-on-Tangible-Asset compare to CSCO and MSI?
According to the Hardware industry distribution chart, Punjab Communications ranks #730 out of 2501 companies for Return-on-Tangible-Asset. This puts Punjab Communications in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.85. Punjab Communications' value of 12.89% is 352.3% 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 Return-on-Tangible-Asset for a Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.85, based on 2,501 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Punjab Communications's current Return-on-Tangible-Asset of 12.89% is 352.3% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Punjab Communications and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Punjab Communications's current Return-on-Tangible-Asset is 12.89%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Punjab Communications stock overvalued right now?
Based on GuruFocus' analysis, Punjab Communications (BOM:500346) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹83.47, compared to a current price of ₹62.37 — trading 25.3% below its estimated fair value. The current Return-on-Tangible-Asset is 12.89% and 352.3% above the Hardware industry median of 2.85. Punjab Communications' overall GF Score™ is 61/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Punjab Communications (BOM:500346), the current Return-on-Tangible-Asset is 12.89% as of Jun. 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 Punjab Communications (BOM:500346) Overvalued in 2026?
Based on GuruFocus' analysis, Punjab Communications stock appears to be undervalued.
The current stock price of ₹62.37 is trading 25.3% below its estimated GF Value™ of ₹83.47.
GuruFocus considers Punjab Communications to be Modestly Undervalued.
Key valuation signals for BOM:500346:
Return-on-Tangible-Asset: 12.89%
GF Value™: ₹83.47 vs. price of ₹62.37 (25.3% below fair value)
Industry Position: 352.3% above the Hardware median (#730 of 2501)
No single metric tells the full story. See the BOM:500346 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Punjab Communications Ltd is a Telecom and IT equipment and solution provider. Its activities span across various areas such as; Telecom equipment manufacturing, IT and Software Solutions, Turnkey Projects, and Repair and Maintenance. Its product portfolio includes power line carrier communication, line matching unit, control communication equipment, and drop multiplexer among others. The company also provides contract manufacturing services, IT solutions, and takes up turnkey projects, involving installation, commissioning, and maintenance of complete range of telecommunications equipment on a pan-India level. It operates in a single segment which is the manufacturing of telecom products.
61GF Score
Get the complete analysis for BOM:500346
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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