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Armour Security (India)NSE:ARMOUR +3.60%17 Return-on-Tangible-Asset is 19.53% as of Sep. 2025, which is 34% above its 10-year median of 14.55. GuruFocus rates NSE:ARMOUR with a GF Score™ of 17/100. The stock has 2 warning signs investors should review. Among 1,094 Business Services companies, Armour Security (India) ranks better than 75.96% 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. Armour Security (India)'s annualizedNet Income for the quarter that ended in Sep. 2025 was ₹58.1 Mil. Armour Security (India)'s average total tangible assets for the quarter that ended in Sep. 2025 was ₹297.4 Mil. Therefore, Armour Security (India)'s annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2025 was 19.53%.
The historical rank and industry rank for Armour Security (India)'s Return-on-Tangible-Asset or its related term are showing as below:
NSE:ARMOUR'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 9.77 Med: 14.55 Max: 15.59
Current: 9.77
During the past 3 years, Armour Security (India)'s highest Return-on-Tangible-Asset was 15.59%. The lowest was 9.77%. And the median was 14.55%.
NSE:ARMOUR's Return-on-Tangible-Asset is ranked better than 75.96% of 1094
companies
in the Business Services industry
Industry Median: 3.975
vs NSE:ARMOUR: 9.77
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.
Armour Security (India) Return-on-Tangible-Asset Related Terms
Armour Security (India) Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Armour Security (India)'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:ARMOUR vs ALLE, MSA, ADT: Return-on-Tangible-Asset Comparison
For the Security & Protection Services subindustry, Armour Security (India)'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.
Armour Security (India) Return-on-Tangible-Asset vs Business Services Industry
For the Business Services industry and Industrials sector, Armour Security (India)'s Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Armour Security (India)'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 two times the semi-annual (Sep. 2025) net income data.
What does a Return-on-Tangible-Asset of 19.53% mean?
Armour Security (India) (NSE:ARMOUR) has a Return-on-Tangible-Asset of 19.53% as of Sep. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Armour Security (India) and its competitors. This is 34% above median its historical median of 14.55. Over the past decade, Armour Security (India)'s Return-on-Tangible-Asset has ranged from 9.77 to 15.59. According to the industry distribution chart, Armour Security (India) ranks #263 out of 1094 companies in the Business Services industry, placing it in the top 24%.
Is Armour Security (India)'s Return-on-Tangible-Asset too high?
Armour Security (India)'s current Return-on-Tangible-Asset of 19.53% is 34% above median its 10-year median of 14.55. Over the past 10 years, this metric has ranged from a low of 9.77 to a high of 15.59. The Business Services industry median Return-on-Tangible-Asset is 3.98. Armour Security (India)'s value of 19.53% is 391.3% above this industry median. Based on the distribution chart, Armour Security (India) ranks #263 out of 1094 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Armour Security (India) has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Armour Security (India)'s Return-on-Tangible-Asset compare to ALLE and MSA?
According to the Business Services industry distribution chart, Armour Security (India) ranks #263 out of 1094 companies for Return-on-Tangible-Asset. This places Armour Security (India) in the top 24% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.98. Armour Security (India)'s value of 19.53% is 391.3% above this benchmark. Historically, Armour Security (India)'s own Return-on-Tangible-Asset has ranged from 9.77 to 15.59 over the past decade. While the company's 10-year median is 14.55 vs. the industry median of 3.98, Armour Security (India) 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 Business Services company?
The median Return-on-Tangible-Asset among Business Services companies is 3.98, based on 1,094 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. Armour Security (India)'s current Return-on-Tangible-Asset of 19.53% is 391.3% 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 Armour Security (India) and its competitors. For the Business Services industry, the median Return-on-Tangible-Asset is 3.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Armour Security (India)'s current Return-on-Tangible-Asset is 19.53%, which is 34% above median its own 10-year median of 14.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Armour Security (India) stock overvalued right now?
Armour Security (India) (NSE:ARMOUR) has a current Return-on-Tangible-Asset of 19.53%. The current Return-on-Tangible-Asset is 19.53%, which is 34% above median its 10-year median of 14.55 and 391.3% above the Business Services industry median of 3.98. Armour Security (India)'s overall GF Score™ is 17/100 with 2 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 Armour Security (India) (NSE:ARMOUR), the current Return-on-Tangible-Asset is 19.53% as of Sep. 2025. 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.
Armour Security (India) Ltd is engaged in providing comprehensive and customised Security services, Facility Management services, and Recruitment and Staffing solutions across India. It also specializes in providing ancillary services like event support and branding content creation. The company's consultancy services include Transition and Deputation Process Service, Mechanical Clean Service, House Keeping Service, Fire Fighting Service, Supervision Service and Reviews of the Service. Additionally, it offers consulting and advisory services and provides self-service technologies. The company derives the majority of revenue from the provision of Security and other Manpower Services.
17GF Score
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