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Reliance IndustriesCHIX:RIGDL -1.89%82 Return-on-Tangible-Asset is 4.66% as of Jun. 2026, which is 7% below its 10-year median of 4.99. GuruFocus rates CHIX:RIGDL with a GF Score™ of 82/100 and a GF Value™ of $69.31 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,024 Oil & Gas companies, Reliance Industries ranks better than 65.62% 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. Reliance Industries's annualizedNet Income for the quarter that ended in Jun. 2026 was $8,823 Mil. Reliance Industries's average total tangible assets for the quarter that ended in Jun. 2026 was $189,514 Mil. Therefore, Reliance Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 4.66%.
The historical rank and industry rank for Reliance Industries's Return-on-Tangible-Asset or its related term are showing as below:
CHIX:RIGDl'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.15 Med: 4.99 Max: 5.48
Current: 4.55
During the past 13 years, Reliance Industries's highest Return-on-Tangible-Asset was 5.48%. The lowest was 4.15%. And the median was 4.99%.
CHIX:RIGDl's Return-on-Tangible-Asset is ranked better than 65.62% of 1024
companies
in the Oil & Gas industry
Industry Median: 2.08
vs CHIX:RIGDl: 4.55
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.
Reliance Industries Return-on-Tangible-Asset Related Terms
Reliance Industries Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Reliance Industries'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.
CHIX:RIGDL vs VLO, MPC, PSX: Return-on-Tangible-Asset Comparison
For the Oil & Gas Refining & Marketing subindustry, Reliance Industries'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.
Reliance Industries Return-on-Tangible-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Reliance Industries's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Reliance Industries'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 4.66% mean?
Reliance Industries (CHIX:RIGDL) has a Return-on-Tangible-Asset of 4.66% 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 Reliance Industries and its competitors. This is near median its historical median of 4.99. Over the past decade, Reliance Industries' Return-on-Tangible-Asset has ranged from 4.15 to 5.48. According to the industry distribution chart, Reliance Industries ranks #352 out of 1024 companies in the Oil & Gas industry, placing it in the top 34.4%.
Is Reliance Industries' Return-on-Tangible-Asset too high?
Reliance Industries' current Return-on-Tangible-Asset of 4.66% is near median its 10-year median of 4.99. Over the past 10 years, this metric has ranged from a low of 4.15 to a high of 5.48. The Oil & Gas industry median Return-on-Tangible-Asset is 2.08. Reliance Industries' value of 4.66% is 124% above this industry median. Based on the distribution chart, Reliance Industries ranks #352 out of 1024 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Reliance Industries has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Reliance Industries' Return-on-Tangible-Asset compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Reliance Industries ranks #352 out of 1024 companies for Return-on-Tangible-Asset. This puts Reliance Industries in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.08. Reliance Industries' value of 4.66% is 124% above this benchmark. Historically, Reliance Industries' own Return-on-Tangible-Asset has ranged from 4.15 to 5.48 over the past decade. While the company's 10-year median is 4.99 vs. the industry median of 2.08, Reliance Industries 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 an Oil & Gas company?
The median Return-on-Tangible-Asset among Oil & Gas companies is 2.08, based on 1,024 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. Reliance Industries's current Return-on-Tangible-Asset of 4.66% is 124% 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 Reliance Industries and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Asset is 2.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Reliance Industries's current Return-on-Tangible-Asset is 4.66%, which is near median its own 10-year median of 4.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Reliance Industries stock overvalued right now?
Based on GuruFocus' analysis, Reliance Industries (CHIX:RIGDL) is currently considered Modestly Undervalued. The stock's GF Value™ is $69.31, compared to a current price of $51.80 — trading 25.3% below its estimated fair value. The current Return-on-Tangible-Asset is 4.66%, which is near median its 10-year median of 4.99 and 124% above the Oil & Gas industry median of 2.08. Reliance Industries' overall GF Score™ is 82/100 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 Reliance Industries (CHIX:RIGDL), the current Return-on-Tangible-Asset is 4.66% 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.
Is Reliance Industries (CHIX:RIGDL) Overvalued in 2026?
Based on GuruFocus' analysis, Reliance Industries stock appears to be undervalued.
The current stock price of $51.80 is trading 25.3% below its estimated GF Value™ of $69.31.
GuruFocus considers Reliance Industries to be Modestly Undervalued.
Key valuation signals for CHIX:RIGDL:
Return-on-Tangible-Asset: 4.66% (near median its 10-year median of 4.99)
GF Value™: $69.31 vs. price of $51.80 (25.3% below fair value)
Industry Position: 124% above the Oil & Gas median (#352 of 1024)
No single metric tells the full story. See the CHIX:RIGDL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Reliance Industries Ltd is engaged in hydrocarbon exploration and production, refining and marketing, petrochemicals, financial services, retail, and communications. The company has five principal operating and reporting segments: Oil to Chemicals (O2C), Oil and Gas, Retail, Digital Services, and other services. Reliance's refineries produce a range of petroleum products that find use as fuel variants, feedstock, and fuel for power and cement plants. Fuels produced in refineries are exported to several countries and can be processed into any grade of gasoline or diesel. The Oil to Chemicals segment, which derives the majority of revenue, includes Refining, Petrochemicals, fuel retailing through Reliance BP Mobility Limited, aviation fuel, and bulk wholesale marketing.
82GF Score
Get the complete analysis for CHIX:RIGDL
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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