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BSRM SteelsDHA:BSRMSTEEL +1.11%90 Return-on-Tangible-Asset is 10.38% as of Mar. 2026, which is 139% above its 10-year median of 4.35. GuruFocus rates DHA:BSRMSTEEL with a GF Score™ of 90/100 and a GF Value™ of BDT90.66 (Fairly Valued). The stock has 7 warning signs investors should review. Among 632 Steel companies, BSRM Steels ranks better than 79.27% 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. BSRM Steels's annualizedNet Income for the quarter that ended in Mar. 2026 was BDT9,556 Mil. BSRM Steels's average total tangible assets for the quarter that ended in Mar. 2026 was BDT92,104 Mil. Therefore, BSRM Steels's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 10.38%.
The historical rank and industry rank for BSRM Steels's Return-on-Tangible-Asset or its related term are showing as below:
DHA:BSRMSTEEL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.14 Med: 4.35 Max: 6.9
Current: 6.72
During the past 13 years, BSRM Steels's highest Return-on-Tangible-Asset was 6.90%. The lowest was 1.14%. And the median was 4.35%.
DHA:BSRMSTEEL's Return-on-Tangible-Asset is ranked better than 79.27% of 632
companies
in the Steel industry
Industry Median: 2.41
vs DHA:BSRMSTEEL: 6.72
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.
BSRM Steels Return-on-Tangible-Asset Related Terms
BSRM Steels Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for BSRM Steels'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.
DHA:BSRMSTEEL vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, BSRM Steels'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.
BSRM Steels Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, BSRM Steels's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where BSRM Steels'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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 10.38% mean?
BSRM Steels (DHA:BSRMSTEEL) has a Return-on-Tangible-Asset of 10.38% 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 BSRM Steels and its competitors. This is 139% above median its historical median of 4.35. Over the past decade, BSRM Steels' Return-on-Tangible-Asset has ranged from 1.14 to 6.90. According to the industry distribution chart, BSRM Steels ranks #131 out of 632 companies in the Steel industry, placing it in the top 20.7%.
Is BSRM Steels' Return-on-Tangible-Asset too high?
BSRM Steels' current Return-on-Tangible-Asset of 10.38% is 139% above median its 10-year median of 4.35. Over the past 10 years, this metric has ranged from a low of 1.14 to a high of 6.90. The Steel industry median Return-on-Tangible-Asset is 2.41. BSRM Steels' value of 10.38% is 330.7% above this industry median. Based on the distribution chart, BSRM Steels ranks #131 out of 632 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, BSRM Steels has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BSRM Steels' Return-on-Tangible-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, BSRM Steels ranks #131 out of 632 companies for Return-on-Tangible-Asset. This places BSRM Steels in the top 21% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.41. BSRM Steels' value of 10.38% is 330.7% above this benchmark. Historically, BSRM Steels' own Return-on-Tangible-Asset has ranged from 1.14 to 6.90 over the past decade. While the company's 10-year median is 4.35 vs. the industry median of 2.41, BSRM Steels 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 Steel company?
The median Return-on-Tangible-Asset among Steel companies is 2.41, based on 632 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. BSRM Steels's current Return-on-Tangible-Asset of 10.38% is 330.7% 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 BSRM Steels and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 2.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BSRM Steels's current Return-on-Tangible-Asset is 10.38%, which is 139% above median its own 10-year median of 4.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BSRM Steels stock overvalued right now?
Based on GuruFocus' analysis, BSRM Steels (DHA:BSRMSTEEL) is currently considered Fairly Valued. The stock's GF Value™ is BDT90.66, compared to a current price of BDT91.10 — trading 0.5% above its estimated fair value. The current Return-on-Tangible-Asset is 10.38%, which is 139% above median its 10-year median of 4.35 and 330.7% above the Steel industry median of 2.41. BSRM Steels' overall GF Score™ is 90/100 with 7 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 BSRM Steels (DHA:BSRMSTEEL), the current Return-on-Tangible-Asset is 10.38% 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 BSRM Steels (DHA:BSRMSTEEL) Overvalued in 2026?
Based on GuruFocus' analysis, BSRM Steels stock appears to be overvalued.
The current stock price of BDT91.10 is trading 0.5% above its estimated GF Value™ of BDT90.66.
GuruFocus considers BSRM Steels to be Fairly Valued.
Key valuation signals for DHA:BSRMSTEEL:
Return-on-Tangible-Asset: 10.38% (139% above median its 10-year median of 4.35)
GF Value™: BDT90.66 vs. price of BDT91.10 (0.5% above fair value)
Industry Position: 330.7% above the Steel median (#131 of 632)
No single metric tells the full story. See the DHA:BSRMSTEEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BSRM Steels Ltd is a steel manufacturing company. The firm has two reportable segments namely M.S Rod and M.S Billets. The M.S Rod segment produces different graded Rod and sells the same to several dealers, end-users, other corporate users, Government projects, etc. The M.S Billets segment produces different graded Billets and uses them for the production of M.S Rod.
90GF Score
Get the complete analysis for DHA:BSRMSTEEL
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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