Aisha Steel MillsKAR:ASL +2.47%58 Return-on-Tangible-Asset is 0.61% as of Mar. 2026, which is 97% above its 10-year median of 0.31. GuruFocus rates KAR:ASL with a GF Score™ of 58/100 and a GF Value™ of ₨13.03 (Fairly Valued). The stock has 6 warning signs investors should review. Among 634 Steel companies, Aisha Steel Mills ranks worse than 64.2% 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. Aisha Steel Mills's annualizedNet Income for the quarter that ended in Mar. 2026 was ₨271 Mil. Aisha Steel Mills's average total tangible assets for the quarter that ended in Mar. 2026 was ₨44,439 Mil. Therefore, Aisha Steel Mills's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 0.61%.
The historical rank and industry rank for Aisha Steel Mills's Return-on-Tangible-Asset or its related term are showing as below:
KAR:ASL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -7.59 Med: 0.31 Max: 17.94
Current: 0.32
During the past 13 years, Aisha Steel Mills's highest Return-on-Tangible-Asset was 17.94%. The lowest was -7.59%. And the median was 0.31%.
KAR:ASL's Return-on-Tangible-Asset is ranked worse than 64.2% of 634
companies
in the Steel industry
Industry Median: 1.995
vs KAR:ASL: 0.32
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.
Aisha Steel Mills Return-on-Tangible-Asset Related Terms
Aisha Steel Mills Return-on-Tangible-Asset Historical Data
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The historical data trend for Aisha Steel Mills'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.
KAR:ASL vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, Aisha Steel Mills'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.
Aisha Steel Mills Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, Aisha Steel Mills's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Aisha Steel Mills'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 0.61% mean?
Aisha Steel Mills (KAR:ASL) has a Return-on-Tangible-Asset of 0.61% 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 Aisha Steel Mills and its competitors. This is 97% above median its historical median of 0.31. According to the industry distribution chart, Aisha Steel Mills ranks #407 out of 634 companies in the Steel industry, placing it in the top 64.2%.
Is Aisha Steel Mills' Return-on-Tangible-Asset too high?
Aisha Steel Mills' current Return-on-Tangible-Asset of 0.61% is 97% above median its 10-year median of 0.31. The Steel industry median Return-on-Tangible-Asset is 2.00. Aisha Steel Mills' value of 0.61% is 69.4% below this industry median. Based on the distribution chart, Aisha Steel Mills ranks #407 out of 634 companies in the Steel industry, which is below the industry midpoint. Overall, Aisha Steel Mills has a GF Score™ of 58/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Aisha Steel Mills' Return-on-Tangible-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, Aisha Steel Mills ranks #407 out of 634 companies for Return-on-Tangible-Asset. This places Aisha Steel Mills in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.00. Aisha Steel Mills' value of 0.61% is 69.4% below this benchmark. While the company's 10-year median is 0.31 vs. the industry median of 2.00, Aisha Steel Mills has consistently been below 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 2.00, based on 634 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. Aisha Steel Mills's current Return-on-Tangible-Asset of 0.61% is 69.4% below 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 Aisha Steel Mills and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 2.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aisha Steel Mills's current Return-on-Tangible-Asset is 0.61%, which is 97% above median its own 10-year median of 0.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aisha Steel Mills stock overvalued right now?
Based on GuruFocus' analysis, Aisha Steel Mills (KAR:ASL) is currently considered Fairly Valued. The stock's GF Value™ is ₨13.03, compared to a current price of ₨13.26 — trading 1.8% above its estimated fair value. The current Return-on-Tangible-Asset is 0.61%, which is 97% above median its 10-year median of 0.31 and 69.4% below the Steel industry median of 2.00. Aisha Steel Mills' overall GF Score™ is 58/100 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 Aisha Steel Mills (KAR:ASL), the current Return-on-Tangible-Asset is 0.61% 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 Aisha Steel Mills (KAR:ASL) Overvalued in 2026?
Based on GuruFocus' analysis, Aisha Steel Mills stock appears to be overvalued.
The current stock price of ₨13.26 is trading 1.8% above its estimated GF Value™ of ₨13.03.
GuruFocus considers Aisha Steel Mills to be Fairly Valued.
Key valuation signals for KAR:ASL:
Return-on-Tangible-Asset: 0.61% (97% above median its 10-year median of 0.31)
GF Value™: ₨13.03 vs. price of ₨13.26 (1.8% above fair value)
Industry Position: 69.4% below the Steel median (#407 of 634)
No single metric tells the full story. See the KAR:ASL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aisha Steel Mills Ltd is involved in manufacturing and selling cold rolled steel coils and sheets to the industrial, engineering, and manufacturing industries in Pakistan. Its product offerings include hot-dipped galvanized steel coils, cold-rolled steel coils, and others. The company geographically operates in Pakistan, North America, Middle East, Europe and Asia. The majority of revenue is derived from Pakistan.
58GF Score
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