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Adani PowerNSE:ADANIPOWER +0.42%68 Return-on-Tangible-Asset is 13.53% as of Jun. 2026, which is 248% above its 10-year median of 3.89. GuruFocus rates NSE:ADANIPOWER with a GF Score™ of 68/100 and a GF Value™ of ₹149.72 (Significantly Overvalued). Among 454 Utilities - Independent Power Producers companies, Adani Power ranks better than 92.51% 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. Adani Power's annualizedNet Income for the quarter that ended in Jun. 2026 was ₹192,228 Mil. Adani Power's average total tangible assets for the quarter that ended in Jun. 2026 was ₹1,420,466 Mil. Therefore, Adani Power's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 13.53%.
The historical rank and industry rank for Adani Power's Return-on-Tangible-Asset or its related term are showing as below:
NSE:ADANIPOWER'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -8.41 Med: 3.89 Max: 23.44
Current: 11.25
During the past 13 years, Adani Power's highest Return-on-Tangible-Asset was 23.44%. The lowest was -8.41%. And the median was 3.89%.
NSE:ADANIPOWER's Return-on-Tangible-Asset is ranked better than 92.51% of 454
companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.18
vs NSE:ADANIPOWER: 11.25
Adani Power (NSE:ADANIPOWER) 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.
Adani Power Return-on-Tangible-Asset Related Terms
Adani Power Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Adani Power'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.
NSE:ADANIPOWER vs CEG, VST, NRG: Return-on-Tangible-Asset Comparison
For the Utilities - Independent Power Producers subindustry, Adani Power'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.
Adani Power Return-on-Tangible-Asset vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Adani Power's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Adani Power'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 13.53% mean?
Adani Power (NSE:ADANIPOWER) has a Return-on-Tangible-Asset of 13.53% 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 Adani Power and its competitors. This is 248% above median its historical median of 3.89. According to the industry distribution chart, Adani Power ranks #34 out of 454 companies in the Utilities - Independent Power Producers industry, placing it in the top 7.5%.
Is Adani Power's Return-on-Tangible-Asset too high?
Adani Power's current Return-on-Tangible-Asset of 13.53% is 248% above median its 10-year median of 3.89. The Utilities - Independent Power Producers industry median Return-on-Tangible-Asset is 1.18. Adani Power's value of 13.53% is 1046.6% above this industry median. Based on the distribution chart, Adani Power ranks #34 out of 454 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Adani Power has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Adani Power's Return-on-Tangible-Asset compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Adani Power ranks #34 out of 454 companies for Return-on-Tangible-Asset. This places Adani Power in the top 8% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.18. Adani Power's value of 13.53% is 1046.6% above this benchmark. While the company's 10-year median is 3.89 vs. the industry median of 1.18, Adani Power 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 1.18, based on 454 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. Adani Power's current Return-on-Tangible-Asset of 13.53% is 1046.6% 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 Adani Power and its competitors. For the Utilities - Independent Power Producers industry, the median Return-on-Tangible-Asset is 1.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adani Power's current Return-on-Tangible-Asset is 13.53%, which is 248% above median its own 10-year median of 3.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adani Power stock overvalued right now?
Based on GuruFocus' analysis, Adani Power (NSE:ADANIPOWER) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹149.72, compared to a current price of ₹209.00 — trading 39.6% above its estimated fair value. The current Return-on-Tangible-Asset is 13.53%, which is 248% above median its 10-year median of 3.89 and 1046.6% above the Utilities - Independent Power Producers industry median of 1.18. Adani Power's overall GF Score™ is 68/100. 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 Adani Power (NSE:ADANIPOWER), the current Return-on-Tangible-Asset is 13.53% 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 Adani Power (NSE:ADANIPOWER) Overvalued in 2026?
Based on GuruFocus' analysis, Adani Power stock appears to be overvalued.
The current stock price of ₹209.00 is trading 39.6% above its estimated GF Value™ of ₹149.72.
GuruFocus considers Adani Power to be Significantly Overvalued.
Key valuation signals for NSE:ADANIPOWER:
Return-on-Tangible-Asset: 13.53% (248% above median its 10-year median of 3.89)
GF Value™: ₹149.72 vs. price of ₹209.00 (39.6% above fair value)
Industry Position: 1046.6% above the Utilities - Independent Power Producers median (#34 of 454)
No single metric tells the full story. See the NSE:ADANIPOWER stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Adani Power Ltd sells power under long term / medium term / short term Power Purchase Agreement (PPAs), Supplemental Power Purchase Agreement (SPPAs), on merchant basis and also engaged in trading, investment and other business activities incidental and ancillary to power generation and sales. Its business activities revolve around development and operations of power generation plants including related activities and trading, investment and other activities as two segments. The company generates majority of revenue from Power Generation and related activities. It has presence Within India, and Outside India (Bangladesh). The company generates majority of revenue from India.
68GF Score
Get the complete analysis for NSE:ADANIPOWER
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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