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.
Liberty ShoesBOM:526596 -1.37%72 Return-on-Tangible-Asset is 4.06% as of Mar. 2026, which is 111% above its 10-year median of 1.92. GuruFocus rates BOM:526596 with a GF Score™ of 72/100 and a GF Value™ of ₹364.08 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,067 Manufacturing - Apparel & Accessories companies, Liberty Shoes ranks better than 51.08% 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. Liberty Shoes's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹212 Mil. Liberty Shoes's average total tangible assets for the quarter that ended in Mar. 2026 was ₹5,222 Mil. Therefore, Liberty Shoes's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 4.06%.
The historical rank and industry rank for Liberty Shoes's Return-on-Tangible-Asset or its related term are showing as below:
BOM:526596'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.05 Med: 1.92 Max: 2.86
Current: 2.2
During the past 13 years, Liberty Shoes's highest Return-on-Tangible-Asset was 2.86%. The lowest was 0.05%. And the median was 1.92%.
BOM:526596's Return-on-Tangible-Asset is ranked better than 51.08% of 1067
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.99
vs BOM:526596: 2.20
Liberty Shoes (BOM:526596) 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.
Liberty Shoes Return-on-Tangible-Asset Related Terms
Liberty Shoes Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Liberty Shoes'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:526596 vs NKE, DECK, ONON: Return-on-Tangible-Asset Comparison
For the Footwear & Accessories subindustry, Liberty Shoes'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.
Liberty Shoes Return-on-Tangible-Asset vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Liberty Shoes's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Liberty Shoes'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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 4.06% mean?
Liberty Shoes (BOM:526596) has a Return-on-Tangible-Asset of 4.06% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Liberty Shoes and its competitors. This is 111% above median its historical median of 1.92. Over the past decade, Liberty Shoes' Return-on-Tangible-Asset has ranged from 0.05 to 2.86. According to the industry distribution chart, Liberty Shoes ranks #522 out of 1067 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 48.9%.
Is Liberty Shoes' Return-on-Tangible-Asset too high?
Liberty Shoes' current Return-on-Tangible-Asset of 4.06% is 111% above median its 10-year median of 1.92. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 2.86. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Asset is 1.99. Liberty Shoes' value of 4.06% is 104% above this industry median. Based on the distribution chart, Liberty Shoes ranks #522 out of 1067 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Liberty Shoes has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Liberty Shoes' Return-on-Tangible-Asset compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Liberty Shoes ranks #522 out of 1067 companies for Return-on-Tangible-Asset. This puts Liberty Shoes in the upper half of its industry. The industry median Return-on-Tangible-Asset is 1.99. Liberty Shoes' value of 4.06% is 104% above this benchmark. Historically, Liberty Shoes' own Return-on-Tangible-Asset has ranged from 0.05 to 2.86 over the past decade. While the company's 10-year median is 1.92 vs. the industry median of 1.99, Liberty Shoes 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 Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Asset among Manufacturing - Apparel & Accessories companies is 1.99, based on 1,067 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. Liberty Shoes's current Return-on-Tangible-Asset of 4.06% is 104% 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 Liberty Shoes and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Asset is 1.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Liberty Shoes's current Return-on-Tangible-Asset is 4.06%, which is 111% above median its own 10-year median of 1.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Liberty Shoes stock overvalued right now?
Based on GuruFocus' analysis, Liberty Shoes (BOM:526596) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹364.08, compared to a current price of ₹266.40 — trading 26.8% below its estimated fair value. The current Return-on-Tangible-Asset is 4.06%, which is 111% above median its 10-year median of 1.92 and 104% above the Manufacturing - Apparel & Accessories industry median of 1.99. Liberty Shoes' overall GF Score™ is 72/100 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 Liberty Shoes (BOM:526596), the current Return-on-Tangible-Asset is 4.06% as of Mar. 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 Liberty Shoes (BOM:526596) Overvalued in 2026?
Based on GuruFocus' analysis, Liberty Shoes stock appears to be undervalued.
The current stock price of ₹266.40 is trading 26.8% below its estimated GF Value™ of ₹364.08.
GuruFocus considers Liberty Shoes to be Modestly Undervalued.
Key valuation signals for BOM:526596:
Return-on-Tangible-Asset: 4.06% (111% above median its 10-year median of 1.92)
GF Value™: ₹364.08 vs. price of ₹266.40 (26.8% below fair value)
Industry Position: 104% above the Manufacturing - Apparel & Accessories median (#522 of 1067)
No single metric tells the full story. See the BOM:526596 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Liberty Shoes Ltd is involved in the footwear industry. The company is also engaged in the business of manufacturing and trading footwear and accessories through its retail and wholesale network. The product line of the company consists of Healers, Fortune, Force10, Senorita, Gliders, AHA, Coolers, Prefect, Lear, and Footfun.
72GF Score
Get the complete analysis for BOM:526596
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:526596 has been successfully added to your 
