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Bharat GearsBOM:505688 -1.58%63 Return-on-Tangible-Asset is 0.15% as of Jun. 2026, which is 89% below its 10-year median of 1.39. GuruFocus rates BOM:505688 with a GF Score™ of 63/100 and a GF Value™ of ₹131.89 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,330 Vehicles & Parts companies, Bharat Gears ranks better than 53.98% on this metric.
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. Bharat Gears's annualizedNet Income for the quarter that ended in Jun. 2026 was ₹6 Mil. Bharat Gears's average total tangible assets for the quarter that ended in Jun. 2026 was ₹3,995 Mil. Therefore, Bharat Gears's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 0.15%.
The historical rank and industry rank for Bharat Gears's Return-on-Tangible-Asset or its related term are showing as below:
BOM:505688'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -4.75 Med: 1.39 Max: 6.58
Current: 3.86
During the past 13 years, Bharat Gears's highest Return-on-Tangible-Asset was 6.58%. The lowest was -4.75%. And the median was 1.39%.
BOM:505688's Return-on-Tangible-Asset is ranked better than 53.98% of 1330
companies
in the Vehicles & Parts industry
Industry Median: 3.355
vs BOM:505688: 3.86
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.
Bharat Gears Return-on-Tangible-Asset Related Terms
Bharat Gears Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Bharat Gears'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:505688 vs ORLY, AZO, GPC: Return-on-Tangible-Asset Comparison
For the Auto Parts subindustry, Bharat Gears'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.
Bharat Gears Return-on-Tangible-Asset vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Bharat Gears's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Bharat Gears'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 0.15% mean?
Bharat Gears (BOM:505688) has a Return-on-Tangible-Asset of 0.15% 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 Bharat Gears and its competitors. This is 89% below median its historical median of 1.39. According to the industry distribution chart, Bharat Gears ranks #612 out of 1330 companies in the Vehicles & Parts industry, placing it in the top 46%.
Is Bharat Gears' Return-on-Tangible-Asset too high?
Bharat Gears' current Return-on-Tangible-Asset of 0.15% is 89% below median its 10-year median of 1.39. The Vehicles & Parts industry median Return-on-Tangible-Asset is 3.36. Bharat Gears' value of 0.15% is 95.5% below this industry median. Based on the distribution chart, Bharat Gears ranks #612 out of 1330 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Bharat Gears has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bharat Gears' Return-on-Tangible-Asset compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Bharat Gears ranks #612 out of 1330 companies for Return-on-Tangible-Asset. This puts Bharat Gears in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.36. Bharat Gears' value of 0.15% is 95.5% below this benchmark. While the company's 10-year median is 1.39 vs. the industry median of 3.36, Bharat Gears has consistently been below 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 Return-on-Tangible-Asset for a Vehicles & Parts company?
The median Return-on-Tangible-Asset among Vehicles & Parts companies is 3.36, based on 1,330 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. Bharat Gears's current Return-on-Tangible-Asset of 0.15% is 95.5% below 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 Bharat Gears and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Asset is 3.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bharat Gears's current Return-on-Tangible-Asset is 0.15%, which is 89% below median its own 10-year median of 1.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bharat Gears stock overvalued right now?
Based on GuruFocus' analysis, Bharat Gears (BOM:505688) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹131.89, compared to a current price of ₹103.05 — trading 21.9% below its estimated fair value. The current Return-on-Tangible-Asset is 0.15%, which is 89% below median its 10-year median of 1.39 and 95.5% below the Vehicles & Parts industry median of 3.36. Bharat Gears' overall GF Score™ is 63/100 with 3 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 Bharat Gears (BOM:505688), the current Return-on-Tangible-Asset is 0.15% 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 Bharat Gears (BOM:505688) Overvalued in 2026?
Based on GuruFocus' analysis, Bharat Gears stock appears to be undervalued.
The current stock price of ₹103.05 is trading 21.9% below its estimated GF Value™ of ₹131.89.
GuruFocus considers Bharat Gears to be Modestly Undervalued.
Key valuation signals for BOM:505688:
Return-on-Tangible-Asset: 0.15% (89% below median its 10-year median of 1.39)
GF Value™: ₹131.89 vs. price of ₹103.05 (21.9% below fair value)
Industry Position: 95.5% below the Vehicles & Parts median (#612 of 1330)
No single metric tells the full story. See the BOM:505688 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bharat Gears Ltd is engaged in the automotive gears business. The company offers a wide range of gear products such as ring gears and pinions, transmission gears and shafts, differential gears, gearboxes, and heat treatment furnaces. The company caters to the commercial vehicle, agricultural machinery, construction equipment segments, and others. The company has a presence in India, and USA, Mexico, Spain, and Other countries.
63GF Score
Get the complete analysis for BOM:505688
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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