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APL Apollo TubesNSE:APLAPOLLO +2.54%90 Return-on-Tangible-Asset is 12.11% as of Jun. 2026, which is 12% above its 10-year median of 10.86. GuruFocus rates NSE:APLAPOLLO with a GF Score™ of 90/100 and a GF Value™ of ₹1,999.43 (Fairly Valued). The stock has 1 warning sign investors should review. Among 634 Steel companies, APL Apollo Tubes ranks better than 96.21% 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. APL Apollo Tubes's annualizedNet Income for the quarter that ended in Jun. 2026 was ₹10,524 Mil. APL Apollo Tubes's average total tangible assets for the quarter that ended in Jun. 2026 was ₹86,940 Mil. Therefore, APL Apollo Tubes's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 12.11%.
The historical rank and industry rank for APL Apollo Tubes's Return-on-Tangible-Asset or its related term are showing as below:
NSE:APLAPOLLO'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 6.05 Med: 10.86 Max: 16.35
Current: 15.16
During the past 13 years, APL Apollo Tubes's highest Return-on-Tangible-Asset was 16.35%. The lowest was 6.05%. And the median was 10.86%.
NSE:APLAPOLLO's Return-on-Tangible-Asset is ranked better than 96.21% of 634
companies
in the Steel industry
Industry Median: 2.095
vs NSE:APLAPOLLO: 15.16
APL Apollo Tubes (NSE:APLAPOLLO) 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.
APL Apollo Tubes Return-on-Tangible-Asset Related Terms
APL Apollo Tubes Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for APL Apollo Tubes'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:APLAPOLLO vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, APL Apollo Tubes'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.
APL Apollo Tubes Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, APL Apollo Tubes's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where APL Apollo Tubes'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 12.11% mean?
APL Apollo Tubes (NSE:APLAPOLLO) has a Return-on-Tangible-Asset of 12.11% 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 APL Apollo Tubes and its competitors. This is 12% above median its historical median of 10.86. Over the past decade, APL Apollo Tubes' Return-on-Tangible-Asset has ranged from 6.05 to 16.35. According to the industry distribution chart, APL Apollo Tubes ranks #24 out of 634 companies in the Steel industry, placing it in the top 3.8%.
Is APL Apollo Tubes' Return-on-Tangible-Asset too high?
APL Apollo Tubes' current Return-on-Tangible-Asset of 12.11% is 12% above median its 10-year median of 10.86. Over the past 10 years, this metric has ranged from a low of 6.05 to a high of 16.35. The Steel industry median Return-on-Tangible-Asset is 2.10. APL Apollo Tubes' value of 12.11% is 478% above this industry median. Based on the distribution chart, APL Apollo Tubes ranks #24 out of 634 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, APL Apollo Tubes has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does APL Apollo Tubes' Return-on-Tangible-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, APL Apollo Tubes ranks #24 out of 634 companies for Return-on-Tangible-Asset. This places APL Apollo Tubes in the top 4% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.10. APL Apollo Tubes' value of 12.11% is 478% above this benchmark. Historically, APL Apollo Tubes' own Return-on-Tangible-Asset has ranged from 6.05 to 16.35 over the past decade. While the company's 10-year median is 10.86 vs. the industry median of 2.10, APL Apollo Tubes 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 2.10, 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. APL Apollo Tubes's current Return-on-Tangible-Asset of 12.11% is 478% 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 APL Apollo Tubes and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 2.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. APL Apollo Tubes's current Return-on-Tangible-Asset is 12.11%, which is 12% above median its own 10-year median of 10.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is APL Apollo Tubes stock overvalued right now?
Based on GuruFocus' analysis, APL Apollo Tubes (NSE:APLAPOLLO) is currently considered Fairly Valued. The stock's GF Value™ is ₹1,999.43, compared to a current price of ₹2,020.00 — trading 1% above its estimated fair value. The current Return-on-Tangible-Asset is 12.11%, which is 12% above median its 10-year median of 10.86 and 478% above the Steel industry median of 2.10. APL Apollo Tubes' overall GF Score™ is 90/100 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 APL Apollo Tubes (NSE:APLAPOLLO), the current Return-on-Tangible-Asset is 12.11% 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 APL Apollo Tubes (NSE:APLAPOLLO) Overvalued in 2026?
Based on GuruFocus' analysis, APL Apollo Tubes stock appears to be overvalued.
The current stock price of ₹2,020.00 is trading 1% above its estimated GF Value™ of ₹1,999.43.
GuruFocus considers APL Apollo Tubes to be Fairly Valued.
Key valuation signals for NSE:APLAPOLLO:
Return-on-Tangible-Asset: 12.11% (12% above median its 10-year median of 10.86)
GF Value™: ₹1,999.43 vs. price of ₹2,020.00 (1% above fair value)
Industry Position: 478% above the Steel median (#24 of 634)
No single metric tells the full story. See the NSE:APLAPOLLO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
APL Apollo Tubes Ltd is a manufacturer of steel pipes and tubes. Its multi-product offerings include Pre- Galvanized Tubes, Structural Steel Tubes, Galvanized Tubes, MS Black Pipes and Hollow Sections. It operates in a single segment, which is the business of production of ERW steel tubes. Geographically, it operates only in India.
90GF Score
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