Shahjibazar Power CoDHA:SPCL +1.91%92 Return-on-Tangible-Asset is 6.02% as of Mar. 2026, which is 12% below its 10-year median of 6.85. GuruFocus rates DHA:SPCL with a GF Score™ of 92/100 and a GF Value™ of BDT57.14 (Fairly Valued). The stock has 7 warning signs investors should review. Among 448 Utilities - Independent Power Producers companies, Shahjibazar Power Co ranks better than 83.48% 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. Shahjibazar Power Co's annualizedNet Income for the quarter that ended in Mar. 2026 was BDT989 Mil. Shahjibazar Power Co's average total tangible assets for the quarter that ended in Mar. 2026 was BDT16,428 Mil. Therefore, Shahjibazar Power Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 6.02%.
The historical rank and industry rank for Shahjibazar Power Co's Return-on-Tangible-Asset or its related term are showing as below:
DHA:SPCL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.36 Med: 6.85 Max: 9.92
Current: 6.34
During the past 10 years, Shahjibazar Power Co's highest Return-on-Tangible-Asset was 9.92%. The lowest was 2.36%. And the median was 6.85%.
DHA:SPCL's Return-on-Tangible-Asset is ranked better than 83.48% of 448
companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.295
vs DHA:SPCL: 6.34
Shahjibazar Power Co (DHA:SPCL) 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.
Shahjibazar Power Co Return-on-Tangible-Asset Related Terms
Shahjibazar Power Co Return-on-Tangible-Asset Historical Data
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The historical data trend for Shahjibazar Power Co'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.
Shahjibazar Power Co Return-on-Tangible-Asset Chart
DHA:SPCL vs CEG, VST, NRG: Return-on-Tangible-Asset Comparison
For the Utilities - Independent Power Producers subindustry, Shahjibazar Power Co'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.
Shahjibazar Power Co Return-on-Tangible-Asset vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Shahjibazar Power Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Shahjibazar Power Co'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 6.02% mean?
Shahjibazar Power Co (DHA:SPCL) has a Return-on-Tangible-Asset of 6.02% 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 Shahjibazar Power Co and its competitors. This is 12% below median its historical median of 6.85. Over the past decade, Shahjibazar Power Co's Return-on-Tangible-Asset has ranged from 2.36 to 9.92. According to the industry distribution chart, Shahjibazar Power Co ranks #74 out of 448 companies in the Utilities - Independent Power Producers industry, placing it in the top 16.5%.
Is Shahjibazar Power Co's Return-on-Tangible-Asset too high?
Shahjibazar Power Co's current Return-on-Tangible-Asset of 6.02% is 12% below median its 10-year median of 6.85. Over the past 10 years, this metric has ranged from a low of 2.36 to a high of 9.92. The Utilities - Independent Power Producers industry median Return-on-Tangible-Asset is 1.30. Shahjibazar Power Co's value of 6.02% is 364.9% above this industry median. Based on the distribution chart, Shahjibazar Power Co ranks #74 out of 448 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Shahjibazar Power Co has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shahjibazar Power Co's Return-on-Tangible-Asset compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Shahjibazar Power Co ranks #74 out of 448 companies for Return-on-Tangible-Asset. This places Shahjibazar Power Co in the top 17% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.30. Shahjibazar Power Co's value of 6.02% is 364.9% above this benchmark. Historically, Shahjibazar Power Co's own Return-on-Tangible-Asset has ranged from 2.36 to 9.92 over the past decade. While the company's 10-year median is 6.85 vs. the industry median of 1.30, Shahjibazar Power Co 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 Utilities - Independent Power Producers company?
The median Return-on-Tangible-Asset among Utilities - Independent Power Producers companies is 1.30, based on 448 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. Shahjibazar Power Co's current Return-on-Tangible-Asset of 6.02% is 364.9% 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 Shahjibazar Power Co and its competitors. For the Utilities - Independent Power Producers industry, the median Return-on-Tangible-Asset is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shahjibazar Power Co's current Return-on-Tangible-Asset is 6.02%, which is 12% below median its own 10-year median of 6.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shahjibazar Power Co stock overvalued right now?
Based on GuruFocus' analysis, Shahjibazar Power Co (DHA:SPCL) is currently considered Fairly Valued. The stock's GF Value™ is BDT57.14, compared to a current price of BDT58.60 — trading 2.6% above its estimated fair value. The current Return-on-Tangible-Asset is 6.02%, which is 12% below median its 10-year median of 6.85 and 364.9% above the Utilities - Independent Power Producers industry median of 1.30. Shahjibazar Power Co's overall GF Score™ is 92/100 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 Shahjibazar Power Co (DHA:SPCL), the current Return-on-Tangible-Asset is 6.02% 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 Shahjibazar Power Co (DHA:SPCL) Overvalued in 2026?
Based on GuruFocus' analysis, Shahjibazar Power Co stock appears to be overvalued.
The current stock price of BDT58.60 is trading 2.6% above its estimated GF Value™ of BDT57.14.
GuruFocus considers Shahjibazar Power Co to be Fairly Valued.
Key valuation signals for DHA:SPCL:
Return-on-Tangible-Asset: 6.02% (12% below median its 10-year median of 6.85)
GF Value™: BDT57.14 vs. price of BDT58.60 (2.6% above fair value)
Industry Position: 364.9% above the Utilities - Independent Power Producers median (#74 of 448)
No single metric tells the full story. See the DHA:SPCL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shahjibazar Power Co Ltd generates and supplies electricity in Bangladesh. It is engaged in the production and supply of petroleum products like liquid petroleum gas, special boiling point solvent, mineral turpentine, high-speed diesel, octane, kerosene, and fuel gas to the Bangladesh Petroleum Corporation (BPC). It generates revenue from only power generation.
92GF Score
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