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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. Max Earth Resources's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹26.5 Mil. Max Earth Resources's average total tangible assets for the quarter that ended in Mar. 2026 was ₹121.2 Mil. Therefore, Max Earth Resources's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 21.82%.
The historical rank and industry rank for Max Earth Resources's Return-on-Tangible-Asset or its related term are showing as below:
BOM:534563'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -151.03 Med: 0.09 Max: 83.98
Current: 59.32
During the past 13 years, Max Earth Resources's highest Return-on-Tangible-Asset was 83.98%. The lowest was -151.03%. And the median was 0.09%.
BOM:534563's Return-on-Tangible-Asset is not ranked
in the Building Materials industry.
Industry Median: 2.51
vs BOM:534563: 59.32
Max Earth Resources (BOM:534563) 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.
Max Earth Resources Return-on-Tangible-Asset Related Terms
Max Earth Resources Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Max Earth Resources'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.
Max Earth Resources Return-on-Tangible-Asset Chart
BOM:534563 vs CRH, VMC, MLM: Return-on-Tangible-Asset Comparison
For the Building Materials subindustry, Max Earth Resources'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.
Max Earth Resources Return-on-Tangible-Asset vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Max Earth Resources's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Max Earth Resources'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 two times the semi-annual (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 21.82% mean?
Max Earth Resources (BOM:534563) has a Return-on-Tangible-Asset of 21.82% 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 Max Earth Resources and its competitors. This is 24144% above median its historical median of 0.09.
Is Max Earth Resources' Return-on-Tangible-Asset too high?
Max Earth Resources' current Return-on-Tangible-Asset of 21.82% is 24144% above median its 10-year median of 0.09. The Building Materials industry median Return-on-Tangible-Asset is 2.51. Max Earth Resources' value of 21.82% is 769.3% above this industry median. Overall, Max Earth Resources has a GF Score™ of 6/100, reflecting its overall financial health beyond just this single metric.
How does Max Earth Resources' Return-on-Tangible-Asset compare to CRH and VMC?
Max Earth Resources' Return-on-Tangible-Asset of 21.82% can be compared against companies in the Building Materials industry. The industry median Return-on-Tangible-Asset is 2.51. Max Earth Resources' value of 21.82% is 769.3% above this benchmark. While the company's 10-year median is 0.09 vs. the industry median of 2.51, Max Earth Resources 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 Building Materials company?
The median Return-on-Tangible-Asset among Building Materials companies is 2.51, based on 413 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. Max Earth Resources's current Return-on-Tangible-Asset of 21.82% is 769.3% 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 Max Earth Resources and its competitors. For the Building Materials industry, the median Return-on-Tangible-Asset is 2.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Max Earth Resources's current Return-on-Tangible-Asset is 21.82%, which is 24144% above median its own 10-year median of 0.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Max Earth Resources stock overvalued right now?
Max Earth Resources (BOM:534563) has a current Return-on-Tangible-Asset of 21.82%. The stock's GF Value™ is ₹26.95, compared to a current price of ₹44.50 — trading 65.1% above its estimated fair value. The current Return-on-Tangible-Asset is 21.82%, which is 24144% above median its 10-year median of 0.09 and 769.3% above the Building Materials industry median of 2.51. Max Earth Resources' overall GF Score™ is 6/100 with 4 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 Max Earth Resources (BOM:534563), the current Return-on-Tangible-Asset is 21.82% 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 Max Earth Resources (BOM:534563) Overvalued in 2026?
Based on GuruFocus' analysis, Max Earth Resources stock appears to be overvalued.
The current stock price of ₹44.50 is trading 65.1% above its estimated GF Value™ of ₹26.95.
Key valuation signals for BOM:534563:
Return-on-Tangible-Asset: 21.82% (24144% above median its 10-year median of 0.09)
GF Value™: ₹26.95 vs. price of ₹44.50 (65.1% above fair value)
Industry Position: 769.3% above the Building Materials median
No single metric tells the full story. See the BOM:534563 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Max Earth Resources Ltd is a dynamic company specializing in stone crushing, mining, and turnkey solutions for the telecommunications sector. It has operations across Jharkhand, Maharashtra, Odisha, and Kerala.
6GF 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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