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Waaree Renewable TechnologiesBOM:534618 +1.23%65 Return-on-Tangible-Asset is 19.55% as of Jun. 2026, which is 616% above its 10-year median of 2.73. GuruFocus rates BOM:534618 with a GF Score™ of 65/100. The stock has 4 warning signs investors should review. Among 1,793 Construction companies, Waaree Renewable Technologies ranks better than 98.88% on this metric.
The historical rank and industry rank for Waaree Renewable Technologies's Return-on-Tangible-Asset or its related term are showing as below:
BOM:534618'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -3.48 Med: 2.73 Max: 30.88
Current: 30.88
During the past 13 years, Waaree Renewable Technologies's highest Return-on-Tangible-Asset was 30.88%. The lowest was -3.48%. And the median was 2.73%.
BOM:534618's Return-on-Tangible-Asset is ranked better than 98.88% of 1793
companies
in the Construction industry
Industry Median: 3.06
vs BOM:534618: 30.88
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.
Waaree Renewable Technologies Return-on-Tangible-Asset Related Terms
Waaree Renewable Technologies Return-on-Tangible-Asset Historical Data
* 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:534618 vs PWR, FIX, EME: Return-on-Tangible-Asset Comparison
For the Engineering & Construction subindustry, Waaree Renewable Technologies'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.
Waaree Renewable Technologies Return-on-Tangible-Asset vs Construction Industry
For the Construction industry and Industrials sector, Waaree Renewable Technologies's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Waaree Renewable Technologies'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 19.55% mean?
Waaree Renewable Technologies (BOM:534618) has a Return-on-Tangible-Asset of 19.55% 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 Waaree Renewable Technologies and its competitors. This is 616% above median its historical median of 2.73. According to the industry distribution chart, Waaree Renewable Technologies ranks #20 out of 1793 companies in the Construction industry, placing it in the top 1.1%.
Is Waaree Renewable Technologies' Return-on-Tangible-Asset too high?
Waaree Renewable Technologies' current Return-on-Tangible-Asset of 19.55% is 616% above median its 10-year median of 2.73. The Construction industry median Return-on-Tangible-Asset is 3.06. Waaree Renewable Technologies' value of 19.55% is 538.9% above this industry median. Based on the distribution chart, Waaree Renewable Technologies ranks #20 out of 1793 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Waaree Renewable Technologies has a GF Score™ of 65/100, reflecting its overall financial health beyond just this single metric.
How does Waaree Renewable Technologies' Return-on-Tangible-Asset compare to PWR and FIX?
According to the Construction industry distribution chart, Waaree Renewable Technologies ranks #20 out of 1793 companies for Return-on-Tangible-Asset. This places Waaree Renewable Technologies in the top 1% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.06. Waaree Renewable Technologies' value of 19.55% is 538.9% above this benchmark. While the company's 10-year median is 2.73 vs. the industry median of 3.06, Waaree Renewable Technologies 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 Construction company?
The median Return-on-Tangible-Asset among Construction companies is 3.06, based on 1,793 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. Waaree Renewable Technologies's current Return-on-Tangible-Asset of 19.55% is 538.9% 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 Waaree Renewable Technologies and its competitors. For the Construction industry, the median Return-on-Tangible-Asset is 3.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Waaree Renewable Technologies's current Return-on-Tangible-Asset is 19.55%, which is 616% above median its own 10-year median of 2.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Waaree Renewable Technologies stock overvalued right now?
Waaree Renewable Technologies (BOM:534618) has a current Return-on-Tangible-Asset of 19.55%. The current Return-on-Tangible-Asset is 19.55%, which is 616% above median its 10-year median of 2.73 and 538.9% above the Construction industry median of 3.06. Waaree Renewable Technologies' overall GF Score™ is 65/100 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 Waaree Renewable Technologies (BOM:534618), the current Return-on-Tangible-Asset is 19.55% 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.
Waaree Renewable Technologies Ltd is engaged in the business of generation of power and providing consultancy services. It offers sustainable partnerships by providing renewable energy solutions to industrial, institutional, and commercial sectors and improves their profitability through the long-term renewable power supply. It generates maximum revenue from the EPC Contracts. Its projects include Ground Mounted, Rooftop Solar and Floating Solar.
65GF Score
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