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SPA Capital ServicesBOM:542376 35 Return-on-Tangible-Asset is 10.53% as of Jun. 2026, which is 922% above its 10-year median of 1.03. GuruFocus rates BOM:542376 with a GF Score™ of 35/100. The stock has 3 warning signs investors should review. Among 811 Capital Markets companies, SPA Capital Services ranks better than 68.68% 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. SPA Capital Services's annualizedNet Income for the quarter that ended in Jun. 2026 was ₹38.4 Mil. SPA Capital Services's average total tangible assets for the quarter that ended in Jun. 2026 was ₹364.5 Mil. Therefore, SPA Capital Services's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 10.53%.
The historical rank and industry rank for SPA Capital Services's Return-on-Tangible-Asset or its related term are showing as below:
BOM:542376'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.07 Med: 1.03 Max: 4.15
Current: 4.15
During the past 13 years, SPA Capital Services's highest Return-on-Tangible-Asset was 4.15%. The lowest was -1.07%. And the median was 1.03%.
BOM:542376's Return-on-Tangible-Asset is ranked better than 68.68% of 811
companies
in the Capital Markets industry
Industry Median: 1.61
vs BOM:542376: 4.15
SPA Capital Services (BOM:542376) 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.
SPA Capital Services Return-on-Tangible-Asset Related Terms
SPA Capital Services Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for SPA Capital Services'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.
SPA Capital Services Return-on-Tangible-Asset Chart
BOM:542376 vs MS, GS, SCHW: Return-on-Tangible-Asset Comparison
For the Capital Markets subindustry, SPA Capital Services'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.
SPA Capital Services Return-on-Tangible-Asset vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, SPA Capital Services's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where SPA Capital Services'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 10.53% mean?
SPA Capital Services (BOM:542376) has a Return-on-Tangible-Asset of 10.53% 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 SPA Capital Services and its competitors. This is 922% above median its historical median of 1.03. According to the industry distribution chart, SPA Capital Services ranks #254 out of 811 companies in the Capital Markets industry, placing it in the top 31.3%.
Is SPA Capital Services' Return-on-Tangible-Asset too high?
SPA Capital Services' current Return-on-Tangible-Asset of 10.53% is 922% above median its 10-year median of 1.03. The Capital Markets industry median Return-on-Tangible-Asset is 1.61. SPA Capital Services' value of 10.53% is 554% above this industry median. Based on the distribution chart, SPA Capital Services ranks #254 out of 811 companies in the Capital Markets industry, which is above the industry midpoint. Overall, SPA Capital Services has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does SPA Capital Services' Return-on-Tangible-Asset compare to MS and GS?
According to the Capital Markets industry distribution chart, SPA Capital Services ranks #254 out of 811 companies for Return-on-Tangible-Asset. This puts SPA Capital Services in the upper half of its industry. The industry median Return-on-Tangible-Asset is 1.61. SPA Capital Services' value of 10.53% is 554% above this benchmark. While the company's 10-year median is 1.03 vs. the industry median of 1.61, SPA Capital Services 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 Capital Markets company?
The median Return-on-Tangible-Asset among Capital Markets companies is 1.61, based on 811 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. SPA Capital Services's current Return-on-Tangible-Asset of 10.53% is 554% 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 SPA Capital Services and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Asset is 1.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SPA Capital Services's current Return-on-Tangible-Asset is 10.53%, which is 922% above median its own 10-year median of 1.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPA Capital Services stock overvalued right now?
SPA Capital Services (BOM:542376) has a current Return-on-Tangible-Asset of 10.53%. The current Return-on-Tangible-Asset is 10.53%, which is 922% above median its 10-year median of 1.03 and 554% above the Capital Markets industry median of 1.61. SPA Capital Services' overall GF Score™ is 35/100 with 3 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 SPA Capital Services (BOM:542376), the current Return-on-Tangible-Asset is 10.53% 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.
SPA Capital Services Ltd operates in the business segment of Financial Services. It is a financial solutions provider in corporate finance and wealth management to Indian companies and high-net-worth individuals. The company offers services for investment management, wealth management, financial advisory, corporate finance, risk management, insurance broking, and others.
35GF Score
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