Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Munjal ShowaBOM:520043 -0.58%70 Return-on-Tangible-Asset is 5.20% as of Jun. 2026, which is 33% above its 10-year median of 3.90. GuruFocus rates BOM:520043 with a GF Score™ of 70/100 and a GF Value™ of ₹153.92 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,330 Vehicles & Parts companies, Munjal Showa ranks worse than 53.23% 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. Munjal Showa's annualizedNet Income for the quarter that ended in Jun. 2026 was ₹449 Mil. Munjal Showa's average total tangible assets for the quarter that ended in Jun. 2026 was ₹8,628 Mil. Therefore, Munjal Showa's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 5.20%.
The historical rank and industry rank for Munjal Showa's Return-on-Tangible-Asset or its related term are showing as below:
BOM:520043'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.53 Med: 3.9 Max: 10.57
Current: 2.94
During the past 13 years, Munjal Showa's highest Return-on-Tangible-Asset was 10.57%. The lowest was 1.53%. And the median was 3.90%.
BOM:520043's Return-on-Tangible-Asset is ranked worse than 53.23% of 1330
companies
in the Vehicles & Parts industry
Industry Median: 3.355
vs BOM:520043: 2.94
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.
Munjal Showa Return-on-Tangible-Asset Related Terms
Munjal Showa Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Munjal Showa'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:520043 vs ORLY, AZO, GPC: Return-on-Tangible-Asset Comparison
For the Auto Parts subindustry, Munjal Showa'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.
Munjal Showa Return-on-Tangible-Asset vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Munjal Showa's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Munjal Showa'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 5.20% mean?
Munjal Showa (BOM:520043) has a Return-on-Tangible-Asset of 5.20% 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 Munjal Showa and its competitors. This is 33% above median its historical median of 3.90. Over the past decade, Munjal Showa's Return-on-Tangible-Asset has ranged from 1.53 to 10.57. According to the industry distribution chart, Munjal Showa ranks #708 out of 1330 companies in the Vehicles & Parts industry, placing it in the top 53.2%.
Is Munjal Showa's Return-on-Tangible-Asset too high?
Munjal Showa's current Return-on-Tangible-Asset of 5.20% is 33% above median its 10-year median of 3.90. Over the past 10 years, this metric has ranged from a low of 1.53 to a high of 10.57. The Vehicles & Parts industry median Return-on-Tangible-Asset is 3.36. Munjal Showa's value of 5.20% is 55% above this industry median. Based on the distribution chart, Munjal Showa ranks #708 out of 1330 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Munjal Showa has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Munjal Showa's Return-on-Tangible-Asset compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Munjal Showa ranks #708 out of 1330 companies for Return-on-Tangible-Asset. This places Munjal Showa in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.36. Munjal Showa's value of 5.20% is 55% above this benchmark. Historically, Munjal Showa's own Return-on-Tangible-Asset has ranged from 1.53 to 10.57 over the past decade. While the company's 10-year median is 3.90 vs. the industry median of 3.36, Munjal Showa 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 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. Munjal Showa's current Return-on-Tangible-Asset of 5.20% is 55% 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 Munjal Showa 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. Munjal Showa's current Return-on-Tangible-Asset is 5.20%, which is 33% above median its own 10-year median of 3.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Munjal Showa stock overvalued right now?
Based on GuruFocus' analysis, Munjal Showa (BOM:520043) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹153.92, compared to a current price of ₹128.85 — trading 16.3% below its estimated fair value. The current Return-on-Tangible-Asset is 5.20%, which is 33% above median its 10-year median of 3.90 and 55% above the Vehicles & Parts industry median of 3.36. Munjal Showa's overall GF Score™ is 70/100 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 Munjal Showa (BOM:520043), the current Return-on-Tangible-Asset is 5.20% 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 Munjal Showa (BOM:520043) Overvalued in 2026?
Based on GuruFocus' analysis, Munjal Showa stock appears to be undervalued.
The current stock price of ₹128.85 is trading 16.3% below its estimated GF Value™ of ₹153.92.
GuruFocus considers Munjal Showa to be Modestly Undervalued.
Key valuation signals for BOM:520043:
Return-on-Tangible-Asset: 5.20% (33% above median its 10-year median of 3.90)
GF Value™: ₹153.92 vs. price of ₹128.85 (16.3% below fair value)
Industry Position: 55% above the Vehicles & Parts median (#708 of 1330)
No single metric tells the full story. See the BOM:520043 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Munjal Showa Ltd operates as an ancillary and manufactures auto components for the two-wheeler and four-wheeler industry. The company's primary products are front forks, shock absorbers, struts, gas springs, and window balancers. Geographically, it derives a majority of revenue from India. The company operates in the Auto Components segment.
70GF Score
Get the complete analysis for BOM:520043
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BOM:520043 has been successfully added to your 
