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RelianceMEX:RS 88 Return-on-Tangible-Asset is 14.21% as of Mar. 2026, which is 9% above its 10-year median of 13.05. GuruFocus rates MEX:RS with a GF Score™ of 88/100 and a GF Value™ of MXN4,702.84. The stock has 9 warning signs investors should review. Among 634 Steel companies, Reliance ranks better than 92.27% 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. Reliance's annualizedNet Income for the quarter that ended in Mar. 2026 was MXN19,107 Mil. Reliance's average total tangible assets for the quarter that ended in Mar. 2026 was MXN134,464 Mil. Therefore, Reliance's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 14.21%.
The historical rank and industry rank for Reliance's Return-on-Tangible-Asset or its related term are showing as below:
MEX:RS'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 6.99 Med: 13.05 Max: 27.15
Current: 10.91
During the past 13 years, Reliance's highest Return-on-Tangible-Asset was 27.15%. The lowest was 6.99%. And the median was 13.05%.
MEX:RS's Return-on-Tangible-Asset is ranked better than 92.27% of 634
companies
in the Steel industry
Industry Median: 2.015
vs MEX:RS: 10.91
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 Return-on-Tangible-Asset Related Terms
Reliance Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Reliance'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.
MEX:RS vs TX, CLF, STLD: Return-on-Tangible-Asset Comparison
For the Steel subindustry, Reliance'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 Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, Reliance's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Reliance'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 14.21% mean?
Reliance (MEX:RS) has a Return-on-Tangible-Asset of 14.21% 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 Reliance and its competitors. This is near median its historical median of 13.05. Over the past decade, Reliance's Return-on-Tangible-Asset has ranged from 6.99 to 27.15. According to the industry distribution chart, Reliance ranks #49 out of 634 companies in the Steel industry, placing it in the top 7.7%.
Is Reliance's Return-on-Tangible-Asset too high?
Reliance's current Return-on-Tangible-Asset of 14.21% is near median its 10-year median of 13.05. Over the past 10 years, this metric has ranged from a low of 6.99 to a high of 27.15. The Steel industry median Return-on-Tangible-Asset is 2.02. Reliance's value of 14.21% is 605.2% above this industry median. Based on the distribution chart, Reliance ranks #49 out of 634 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Reliance has a GF Score™ of 88/100, reflecting its overall financial health beyond just this single metric.
How does Reliance's Return-on-Tangible-Asset compare to TX and CLF?
According to the Steel industry distribution chart, Reliance ranks #49 out of 634 companies for Return-on-Tangible-Asset. This places Reliance in the top 8% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.02. Reliance's value of 14.21% is 605.2% above this benchmark. Historically, Reliance's own Return-on-Tangible-Asset has ranged from 6.99 to 27.15 over the past decade. While the company's 10-year median is 13.05 vs. the industry median of 2.02, Reliance 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 2.02, 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. Reliance's current Return-on-Tangible-Asset of 14.21% is 605.2% 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 and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 2.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Reliance's current Return-on-Tangible-Asset is 14.21%, which is near median its own 10-year median of 13.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Reliance stock overvalued right now?
Reliance (MEX:RS) has a current Return-on-Tangible-Asset of 14.21%. The stock's GF Value™ is MXN4,702.84, compared to a current price of MXN5,529.80 — trading 17.6% above its estimated fair value. The current Return-on-Tangible-Asset is 14.21%, which is near median its 10-year median of 13.05 and 605.2% above the Steel industry median of 2.02. Reliance's overall GF Score™ is 88/100 with 9 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 (MEX:RS), the current Return-on-Tangible-Asset is 14.21% 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 Reliance (MEX:RS) Overvalued in 2026?
Based on GuruFocus' analysis, Reliance stock appears to be overvalued.
The current stock price of MXN5,529.80 is trading 17.6% above its estimated GF Value™ of MXN4,702.84.
Key valuation signals for MEX:RS:
Return-on-Tangible-Asset: 14.21% (near median its 10-year median of 13.05)
GF Value™: MXN4,702.84 vs. price of MXN5,529.80 (17.6% above fair value)
Industry Position: 605.2% above the Steel median (#49 of 634)
No single metric tells the full story. See the MEX:RS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Reliance Inc operates a network of companies providing diversified metal solutions and is the metals service center company. It distributes a full line of over 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium and other specialty steel products. The company services more than 125,000 customers in a variety of industries, including consumer products, general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, industrial machinery and heavy industry. It also services the auto industry, through its toll processing operations where it processes customer-owned metal for a fee.
88GF Score
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