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Ajax EngineeringNSE:AJAXENGG -0.09%22 Return-on-Tangible-Asset is 12.70% as of Jun. 2026, which is 21% below its 10-year median of 16.03. GuruFocus rates NSE:AJAXENGG with a GF Score™ of 22/100. The stock has 1 warning sign investors should review. Among 213 Farm & Heavy Construction Machinery companies, Ajax Engineering ranks better than 92.49% 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. Ajax Engineering's annualizedNet Income for the quarter that ended in Jun. 2026 was ₹2,224 Mil. Ajax Engineering's average total tangible assets for the quarter that ended in Jun. 2026 was ₹17,507 Mil. Therefore, Ajax Engineering's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 12.70%.
The historical rank and industry rank for Ajax Engineering's Return-on-Tangible-Asset or its related term are showing as below:
NSE:AJAXENGG'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 9.05 Med: 16.03 Max: 20.49
Current: 14.57
During the past 5 years, Ajax Engineering's highest Return-on-Tangible-Asset was 20.49%. The lowest was 9.05%. And the median was 16.03%.
NSE:AJAXENGG's Return-on-Tangible-Asset is ranked better than 92.49% of 213
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 3.88
vs NSE:AJAXENGG: 14.57
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.
Ajax Engineering Return-on-Tangible-Asset Related Terms
Ajax Engineering Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Ajax Engineering'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:AJAXENGG vs CAT, DE, PCAR: Return-on-Tangible-Asset Comparison
For the Farm & Heavy Construction Machinery subindustry, Ajax Engineering'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.
Ajax Engineering Return-on-Tangible-Asset vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Ajax Engineering's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Ajax Engineering'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 12.70% mean?
Ajax Engineering (NSE:AJAXENGG) has a Return-on-Tangible-Asset of 12.70% 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 Ajax Engineering and its competitors. This is 21% below median its historical median of 16.03. Over the past decade, Ajax Engineering's Return-on-Tangible-Asset has ranged from 9.05 to 20.49. According to the industry distribution chart, Ajax Engineering ranks #16 out of 213 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 7.5%.
Is Ajax Engineering's Return-on-Tangible-Asset too high?
Ajax Engineering's current Return-on-Tangible-Asset of 12.70% is 21% below median its 10-year median of 16.03. Over the past 10 years, this metric has ranged from a low of 9.05 to a high of 20.49. The Farm & Heavy Construction Machinery industry median Return-on-Tangible-Asset is 3.88. Ajax Engineering's value of 12.70% is 227.3% above this industry median. Based on the distribution chart, Ajax Engineering ranks #16 out of 213 companies in the Farm & Heavy Construction Machinery industry, which is in the top quartile — a strong position relative to peers. Overall, Ajax Engineering has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Ajax Engineering's Return-on-Tangible-Asset compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Ajax Engineering ranks #16 out of 213 companies for Return-on-Tangible-Asset. This places Ajax Engineering in the top 8% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.88. Ajax Engineering's value of 12.70% is 227.3% above this benchmark. Historically, Ajax Engineering's own Return-on-Tangible-Asset has ranged from 9.05 to 20.49 over the past decade. While the company's 10-year median is 16.03 vs. the industry median of 3.88, Ajax Engineering 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 Farm & Heavy Construction Machinery company?
The median Return-on-Tangible-Asset among Farm & Heavy Construction Machinery companies is 3.88, based on 213 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. Ajax Engineering's current Return-on-Tangible-Asset of 12.70% is 227.3% 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 Ajax Engineering and its competitors. For the Farm & Heavy Construction Machinery industry, the median Return-on-Tangible-Asset is 3.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ajax Engineering's current Return-on-Tangible-Asset is 12.70%, which is 21% below median its own 10-year median of 16.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ajax Engineering stock overvalued right now?
Ajax Engineering (NSE:AJAXENGG) has a current Return-on-Tangible-Asset of 12.70%. The current Return-on-Tangible-Asset is 12.70%, which is 21% below median its 10-year median of 16.03 and 227.3% above the Farm & Heavy Construction Machinery industry median of 3.88. Ajax Engineering's overall GF Score™ is 22/100 with 1 warning sign 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 Ajax Engineering (NSE:AJAXENGG), the current Return-on-Tangible-Asset is 12.70% 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.
Ajax Engineering Ltd concrete equipment manufacturer with a comprehensive range of concrete equipment, services and solutions across the concrete application value chain.
22GF Score
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