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Evans ElectricBOM:542668 +1.86%63 Return-on-Tangible-Asset is -5.14% as of Mar. 2026. GuruFocus rates BOM:542668 with a GF Score™ of 63/100 and a GF Value™ of ₹49.60 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 3,093 Industrial Products companies, Evans Electric ranks worse than 77.37% 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. Evans Electric's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹-15.0 Mil. Evans Electric's average total tangible assets for the quarter that ended in Mar. 2026 was ₹292.3 Mil. Therefore, Evans Electric's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -5.14%.
The historical rank and industry rank for Evans Electric's Return-on-Tangible-Asset or its related term are showing as below:
BOM:542668'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.41 Med: 11.63 Max: 31.37
Current: -1.41
During the past 11 years, Evans Electric's highest Return-on-Tangible-Asset was 31.37%. The lowest was -1.41%. And the median was 11.63%.
BOM:542668's Return-on-Tangible-Asset is ranked worse than 77.37% of 3093
companies
in the Industrial Products industry
Industry Median: 3.35
vs BOM:542668: -1.41
Evans Electric (BOM:542668) 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.
Evans Electric Return-on-Tangible-Asset Related Terms
Evans Electric Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Evans Electric'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:542668 vs VRT, BE: Return-on-Tangible-Asset Comparison
For the Electrical Equipment & Parts subindustry, Evans Electric'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.
Evans Electric Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Evans Electric's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Evans Electric'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 -5.14% mean?
Evans Electric (BOM:542668) has a Return-on-Tangible-Asset of -5.14% 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 Evans Electric and its competitors. According to the industry distribution chart, Evans Electric ranks #2393 out of 3093 companies in the Industrial Products industry, placing it in the top 77.4%.
Is Evans Electric's Return-on-Tangible-Asset too high?
Evans Electric's current Return-on-Tangible-Asset is -5.14%. Based on the distribution chart, Evans Electric ranks #2393 out of 3093 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Evans Electric has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Evans Electric's Return-on-Tangible-Asset compare to VRT and BE?
According to the Industrial Products industry distribution chart, Evans Electric ranks #2393 out of 3093 companies for Return-on-Tangible-Asset. This places Evans Electric in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.35. 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 an Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.35, based on 3,093 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. 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 Evans Electric and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Evans Electric's current Return-on-Tangible-Asset is -5.14%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Evans Electric stock overvalued right now?
Based on GuruFocus' analysis, Evans Electric (BOM:542668) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹49.60, compared to a current price of ₹82.00 — trading 65.3% above its estimated fair value. The current Return-on-Tangible-Asset is -5.14%. Evans Electric's overall GF Score™ is 63/100 with 6 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 Evans Electric (BOM:542668), the current Return-on-Tangible-Asset is -5.14% 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 Evans Electric (BOM:542668) Overvalued in 2026?
Based on GuruFocus' analysis, Evans Electric stock appears to be overvalued.
The current stock price of ₹82.00 is trading 65.3% above its estimated GF Value™ of ₹49.60.
GuruFocus considers Evans Electric to be Significantly Overvalued.
Key valuation signals for BOM:542668:
Return-on-Tangible-Asset: -5.14%
GF Value™: ₹49.60 vs. price of ₹82.00 (65.3% above fair value)
No single metric tells the full story. See the BOM:542668 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Evans Electric Ltd is engaged in the business of repairing, re-winding, and re-designing small, medium, and large electric motors, generators, and transformers. It offers Power Generator Stators, Power Generator Rotors, Low and High Voltage Electric Motors and Generators, DC Motors and Generators, VFD Driven Motors, and Power and Distribution Transformers. The company derives its revenue only from India.
63GF Score
Get the complete analysis for BOM:542668
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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