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Modern SteelsBOM:513303 -0.21%31 Return-on-Tangible-Asset is 7.25% as of Jun. 2026, which is 52% above its 10-year median of 4.78. GuruFocus rates BOM:513303 with a GF Score™ of 31/100. The stock has 2 warning signs investors should review. Among 529 Diversified Financial Services companies, Modern Steels ranks better than 94.52% 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. Modern Steels's annualizedNet Income for the quarter that ended in Jun. 2026 was ₹14.40 Mil. Modern Steels's average total tangible assets for the quarter that ended in Jun. 2026 was ₹198.63 Mil. Therefore, Modern Steels's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 7.25%.
The historical rank and industry rank for Modern Steels's Return-on-Tangible-Asset or its related term are showing as below:
BOM:513303'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -34.92 Med: 4.78 Max: 150.23
Current: 6.21
During the past 13 years, Modern Steels's highest Return-on-Tangible-Asset was 150.23%. The lowest was -34.92%. And the median was 4.78%.
BOM:513303's Return-on-Tangible-Asset is ranked better than 94.52% of 529
companies
in the Diversified Financial Services industry
Industry Median: 0.96
vs BOM:513303: 6.21
Modern Steels (BOM:513303) 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.
Modern Steels Return-on-Tangible-Asset Related Terms
Modern Steels Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Modern Steels'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:513303 vs CCXI, DMII, EVAC: Return-on-Tangible-Asset Comparison
For the Shell Companies subindustry, Modern Steels'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.
Modern Steels Return-on-Tangible-Asset vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Modern Steels's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Modern Steels'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 7.25% mean?
Modern Steels (BOM:513303) has a Return-on-Tangible-Asset of 7.25% 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 Modern Steels and its competitors. This is 52% above median its historical median of 4.78. According to the industry distribution chart, Modern Steels ranks #29 out of 529 companies in the Diversified Financial Services industry, placing it in the top 5.5%.
Is Modern Steels' Return-on-Tangible-Asset too high?
Modern Steels' current Return-on-Tangible-Asset of 7.25% is 52% above median its 10-year median of 4.78. The Diversified Financial Services industry median Return-on-Tangible-Asset is 0.96. Modern Steels' value of 7.25% is 655.2% above this industry median. Based on the distribution chart, Modern Steels ranks #29 out of 529 companies in the Diversified Financial Services industry, which is in the top quartile — a strong position relative to peers. Overall, Modern Steels has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Modern Steels' Return-on-Tangible-Asset compare to CCXI and DMII?
According to the Diversified Financial Services industry distribution chart, Modern Steels ranks #29 out of 529 companies for Return-on-Tangible-Asset. This places Modern Steels in the top 6% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 0.96. Modern Steels' value of 7.25% is 655.2% above this benchmark. While the company's 10-year median is 4.78 vs. the industry median of 0.96, Modern Steels 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 Diversified Financial Services company?
The median Return-on-Tangible-Asset among Diversified Financial Services companies is 0.96, based on 529 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. Modern Steels's current Return-on-Tangible-Asset of 7.25% is 655.2% 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 Modern Steels and its competitors. For the Diversified Financial Services industry, the median Return-on-Tangible-Asset is 0.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Modern Steels's current Return-on-Tangible-Asset is 7.25%, which is 52% above median its own 10-year median of 4.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Modern Steels stock overvalued right now?
Modern Steels (BOM:513303) has a current Return-on-Tangible-Asset of 7.25%. The current Return-on-Tangible-Asset is 7.25%, which is 52% above median its 10-year median of 4.78 and 655.2% above the Diversified Financial Services industry median of 0.96. Modern Steels' overall GF Score™ is 31/100 with 2 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 Modern Steels (BOM:513303), the current Return-on-Tangible-Asset is 7.25% 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.
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