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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. National Oxygen's annualizedNet Income for the quarter that ended in Jun. 2026 was ₹-80.3 Mil. National Oxygen's average total tangible assets for the quarter that ended in Jun. 2026 was ₹282.5 Mil. Therefore, National Oxygen's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was -28.41%.
The historical rank and industry rank for National Oxygen's Return-on-Tangible-Asset or its related term are showing as below:
BOM:507813'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -21.49 Med: -3.5 Max: 20.14
Current: 5.71
During the past 13 years, National Oxygen's highest Return-on-Tangible-Asset was 20.14%. The lowest was -21.49%. And the median was -3.50%.
BOM:507813's Return-on-Tangible-Asset is ranked better than 64.9% of 1621
companies
in the Chemicals industry
Industry Median: 3.62
vs BOM:507813: 5.71
National Oxygen (BOM:507813) Return-on-Tangible-Asset Explanation
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.
National Oxygen Return-on-Tangible-Asset Related Terms
National Oxygen Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for National Oxygen'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:507813 vs LIN, SHW, ECL: Return-on-Tangible-Asset Comparison
For the Specialty Chemicals subindustry, National Oxygen'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.
National Oxygen Return-on-Tangible-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, National Oxygen's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where National Oxygen'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 -28.41% mean?
National Oxygen (BOM:507813) has a Return-on-Tangible-Asset of -28.41% 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 National Oxygen and its competitors. According to the industry distribution chart, National Oxygen ranks #569 out of 1621 companies in the Chemicals industry, placing it in the top 35.1%.
Is National Oxygen's Return-on-Tangible-Asset too high?
National Oxygen's current Return-on-Tangible-Asset is -28.41%. Based on the distribution chart, National Oxygen ranks #569 out of 1621 companies in the Chemicals industry, which is above the industry midpoint. Overall, National Oxygen has a GF Score™ of 40/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Oxygen's Return-on-Tangible-Asset compare to LIN and SHW?
According to the Chemicals industry distribution chart, National Oxygen ranks #569 out of 1621 companies for Return-on-Tangible-Asset. This puts National Oxygen in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.62. 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 Chemicals company?
The median Return-on-Tangible-Asset among Chemicals companies is 3.62, based on 1,621 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. 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 National Oxygen and its competitors. For the Chemicals industry, the median Return-on-Tangible-Asset is 3.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Oxygen's current Return-on-Tangible-Asset is -28.41%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Oxygen stock overvalued right now?
Based on GuruFocus' analysis, National Oxygen (BOM:507813) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹49.53, compared to a current price of ₹57.93 — trading 17% above its estimated fair value. The current Return-on-Tangible-Asset is -28.41%. National Oxygen's overall GF Score™ is 40/100 with 6 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 National Oxygen (BOM:507813), the current Return-on-Tangible-Asset is -28.41% 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 National Oxygen (BOM:507813) Overvalued in 2026?
Based on GuruFocus' analysis, National Oxygen stock appears to be overvalued.
The current stock price of ₹57.93 is trading 17% above its estimated GF Value™ of ₹49.53.
GuruFocus considers National Oxygen to be Modestly Overvalued.
Key valuation signals for BOM:507813:
Return-on-Tangible-Asset: -28.41%
GF Value™: ₹49.53 vs. price of ₹57.93 (17% above fair value)
No single metric tells the full story. See the BOM:507813 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Oxygen Ltd is an Indian company engaged in manufacturing industrial gases, such as Oxygen and Nitrogen. It is a supplier of industrial gases both in liquid and gaseous forms. The company's products include Industrial liquid oxygen, Industrial gaseous oxygen, Industrial liquid nitrogen, and dissolved acetylene gas. The product's applications involve blast furnaces, copper smelting, the manufacture of explosives, heart stimulation, cryogenic preservation, and cutting and welding. The group derives key revenue from India.
40GF Score
Get the complete analysis for BOM:507813
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