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Carborundum UniversalBOM:513375 -2.60%92 Return-on-Tangible-Asset is 6.40% as of Jun. 2026, which is 47% below its 10-year median of 12.01. GuruFocus rates BOM:513375 with a GF Score™ of 92/100 and a GF Value™ of ₹1,243.69 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 557 Conglomerates companies, Carborundum Universal ranks better than 64.09% 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. Carborundum Universal's annualizedNet Income for the quarter that ended in Jun. 2026 was ₹3,056 Mil. Carborundum Universal's average total tangible assets for the quarter that ended in Jun. 2026 was ₹47,737 Mil. Therefore, Carborundum Universal's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 6.40%.
The historical rank and industry rank for Carborundum Universal's Return-on-Tangible-Asset or its related term are showing as below:
BOM:513375'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.36 Med: 12.01 Max: 12.96
Current: 4.67
During the past 13 years, Carborundum Universal's highest Return-on-Tangible-Asset was 12.96%. The lowest was 4.36%. And the median was 12.01%.
BOM:513375's Return-on-Tangible-Asset is ranked better than 64.09% of 557
companies
in the Conglomerates industry
Industry Median: 2.87
vs BOM:513375: 4.67
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.
Carborundum Universal Return-on-Tangible-Asset Related Terms
Carborundum Universal Return-on-Tangible-Asset Historical Data
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The historical data trend for Carborundum Universal'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:513375 vs MMM, HON: Return-on-Tangible-Asset Comparison
For the Conglomerates subindustry, Carborundum Universal'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.
Carborundum Universal Return-on-Tangible-Asset vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Carborundum Universal's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Carborundum Universal'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 6.40% mean?
Carborundum Universal (BOM:513375) has a Return-on-Tangible-Asset of 6.40% 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 Carborundum Universal and its competitors. This is 47% below median its historical median of 12.01. Over the past decade, Carborundum Universal's Return-on-Tangible-Asset has ranged from 4.36 to 12.96. According to the industry distribution chart, Carborundum Universal ranks #200 out of 557 companies in the Conglomerates industry, placing it in the top 35.9%.
Is Carborundum Universal's Return-on-Tangible-Asset too high?
Carborundum Universal's current Return-on-Tangible-Asset of 6.40% is 47% below median its 10-year median of 12.01. Over the past 10 years, this metric has ranged from a low of 4.36 to a high of 12.96. The Conglomerates industry median Return-on-Tangible-Asset is 2.87. Carborundum Universal's value of 6.40% is 123% above this industry median. Based on the distribution chart, Carborundum Universal ranks #200 out of 557 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Carborundum Universal has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Carborundum Universal's Return-on-Tangible-Asset compare to MMM and HON?
According to the Conglomerates industry distribution chart, Carborundum Universal ranks #200 out of 557 companies for Return-on-Tangible-Asset. This puts Carborundum Universal in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.87. Carborundum Universal's value of 6.40% is 123% above this benchmark. Historically, Carborundum Universal's own Return-on-Tangible-Asset has ranged from 4.36 to 12.96 over the past decade. While the company's 10-year median is 12.01 vs. the industry median of 2.87, Carborundum Universal 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 Conglomerates company?
The median Return-on-Tangible-Asset among Conglomerates companies is 2.87, based on 557 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. Carborundum Universal's current Return-on-Tangible-Asset of 6.40% is 123% 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 Carborundum Universal and its competitors. For the Conglomerates industry, the median Return-on-Tangible-Asset is 2.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carborundum Universal's current Return-on-Tangible-Asset is 6.40%, which is 47% below median its own 10-year median of 12.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carborundum Universal stock overvalued right now?
Based on GuruFocus' analysis, Carborundum Universal (BOM:513375) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,243.69, compared to a current price of ₹1,073.35 — trading 13.7% below its estimated fair value. The current Return-on-Tangible-Asset is 6.40%, which is 47% below median its 10-year median of 12.01 and 123% above the Conglomerates industry median of 2.87. Carborundum Universal's overall GF Score™ is 92/100 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 Carborundum Universal (BOM:513375), the current Return-on-Tangible-Asset is 6.40% 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 Carborundum Universal (BOM:513375) Overvalued in 2026?
Based on GuruFocus' analysis, Carborundum Universal stock appears to be undervalued.
The current stock price of ₹1,073.35 is trading 13.7% below its estimated GF Value™ of ₹1,243.69.
GuruFocus considers Carborundum Universal to be Modestly Undervalued.
Key valuation signals for BOM:513375:
Return-on-Tangible-Asset: 6.40% (47% below median its 10-year median of 12.01)
GF Value™: ₹1,243.69 vs. price of ₹1,073.35 (13.7% below fair value)
Industry Position: 123% above the Conglomerates median (#200 of 557)
No single metric tells the full story. See the BOM:513375 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Carborundum Universal Ltd is an investment holding company. Along with its subsidiaries, it mainly provides solutions predominantly for industrial manufacturing needs by developing, manufacturing, and marketing products using the properties of materials known as electrominerals. The company's reportable business segments are; Surface engineering (material removal, cutting, polishing) known as Abrasives; Ceramics; Electrominerals; Power; IT services; and others. Maximum revenue is derived from the Abrasives segment which is comprised of bonded, coated, processed cloth, polymers, power tools, and coolants. The company generates maximum revenue through exports and the rest from its business in India.
92GF Score
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