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Pioneer InvestcorpBOM:507864 -4.56%64 Return-on-Tangible-Asset is 1.90% as of Jun. 2026, which is 34% above its 10-year median of 1.42. GuruFocus rates BOM:507864 with a GF Score™ of 64/100 and a GF Value™ of ₹63.27 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 811 Capital Markets companies, Pioneer Investcorp ranks better than 64.49% 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. Pioneer Investcorp's annualizedNet Income for the quarter that ended in Jun. 2026 was ₹79.0 Mil. Pioneer Investcorp's average total tangible assets for the quarter that ended in Jun. 2026 was ₹4,167.4 Mil. Therefore, Pioneer Investcorp's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 1.90%.
The historical rank and industry rank for Pioneer Investcorp's Return-on-Tangible-Asset or its related term are showing as below:
BOM:507864'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.11 Med: 1.42 Max: 10.25
Current: 3.46
During the past 13 years, Pioneer Investcorp's highest Return-on-Tangible-Asset was 10.25%. The lowest was 0.11%. And the median was 1.42%.
BOM:507864's Return-on-Tangible-Asset is ranked better than 64.49% of 811
companies
in the Capital Markets industry
Industry Median: 1.61
vs BOM:507864: 3.46
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.
Pioneer Investcorp Return-on-Tangible-Asset Related Terms
Pioneer Investcorp Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Pioneer Investcorp'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:507864 vs MS, GS, SCHW: Return-on-Tangible-Asset Comparison
For the Capital Markets subindustry, Pioneer Investcorp'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.
Pioneer Investcorp Return-on-Tangible-Asset vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Pioneer Investcorp's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Pioneer Investcorp'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 1.90% mean?
Pioneer Investcorp (BOM:507864) has a Return-on-Tangible-Asset of 1.90% 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 Pioneer Investcorp and its competitors. This is 34% above median its historical median of 1.42. Over the past decade, Pioneer Investcorp's Return-on-Tangible-Asset has ranged from 0.11 to 10.25. According to the industry distribution chart, Pioneer Investcorp ranks #288 out of 811 companies in the Capital Markets industry, placing it in the top 35.5%.
Is Pioneer Investcorp's Return-on-Tangible-Asset too high?
Pioneer Investcorp's current Return-on-Tangible-Asset of 1.90% is 34% above median its 10-year median of 1.42. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 10.25. The Capital Markets industry median Return-on-Tangible-Asset is 1.61. Pioneer Investcorp's value of 1.90% is 18% above this industry median. Based on the distribution chart, Pioneer Investcorp ranks #288 out of 811 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Pioneer Investcorp has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pioneer Investcorp's Return-on-Tangible-Asset compare to MS and GS?
According to the Capital Markets industry distribution chart, Pioneer Investcorp ranks #288 out of 811 companies for Return-on-Tangible-Asset. This puts Pioneer Investcorp in the upper half of its industry. The industry median Return-on-Tangible-Asset is 1.61. Pioneer Investcorp's value of 1.90% is 18% above this benchmark. Historically, Pioneer Investcorp's own Return-on-Tangible-Asset has ranged from 0.11 to 10.25 over the past decade. While the company's 10-year median is 1.42 vs. the industry median of 1.61, Pioneer Investcorp has consistently been above 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 Capital Markets company?
The median Return-on-Tangible-Asset among Capital Markets companies is 1.61, based on 811 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. Pioneer Investcorp's current Return-on-Tangible-Asset of 1.90% is 18% 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 Pioneer Investcorp and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Asset is 1.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pioneer Investcorp's current Return-on-Tangible-Asset is 1.90%, which is 34% above median its own 10-year median of 1.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pioneer Investcorp stock overvalued right now?
Based on GuruFocus' analysis, Pioneer Investcorp (BOM:507864) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹63.27, compared to a current price of ₹80.50 — trading 27.2% above its estimated fair value. The current Return-on-Tangible-Asset is 1.90%, which is 34% above median its 10-year median of 1.42 and 18% above the Capital Markets industry median of 1.61. Pioneer Investcorp's overall GF Score™ is 64/100 with 7 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 Pioneer Investcorp (BOM:507864), the current Return-on-Tangible-Asset is 1.90% 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 Pioneer Investcorp (BOM:507864) Overvalued in 2026?
Based on GuruFocus' analysis, Pioneer Investcorp stock appears to be overvalued.
The current stock price of ₹80.50 is trading 27.2% above its estimated GF Value™ of ₹63.27.
GuruFocus considers Pioneer Investcorp to be Modestly Overvalued.
Key valuation signals for BOM:507864:
Return-on-Tangible-Asset: 1.90% (34% above median its 10-year median of 1.42)
GF Value™: ₹63.27 vs. price of ₹80.50 (27.2% above fair value)
Industry Position: 18% above the Capital Markets median (#288 of 811)
No single metric tells the full story. See the BOM:507864 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pioneer Investcorp Ltd is a financial services company specializing in investment banking and advisory services. The company is a SEBI registered category I Merchant Banker. Its investment banking services include private equity advisory, merchant banking, corporate finance advisory, and strategic alliances, debt syndication, structured transactions, and mergers and acquisitions. The company also deals in products like Treasury Bills, Government securities, State Development Loans, Non-SLR Bonds, Corporate Bonds, and money market instruments like Certificates of Deposit, Commercial Paper, Inter-Corporate Deposits, and Call and notice Money Deposits. It also provides underwriting, claims, reinsurance, and risk management for a diverse set of clients.
64GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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