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Aryaman Financial ServicesNSE:ARYAMAN 59 Return-on-Tangible-Asset is 7.73% as of Mar. 2026, which is 45% above its 10-year median of 5.34. GuruFocus rates NSE:ARYAMAN with a GF Score™ of 59/100 and a GF Value™ of ₹491.62 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 816 Capital Markets companies, Aryaman Financial Services ranks better than 87.13% 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. Aryaman Financial Services's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹183.4 Mil. Aryaman Financial Services's average total tangible assets for the quarter that ended in Mar. 2026 was ₹2,371.5 Mil. Therefore, Aryaman Financial Services's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 7.73%.
The historical rank and industry rank for Aryaman Financial Services's Return-on-Tangible-Asset or its related term are showing as below:
NSE:ARYAMAN'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.96 Med: 5.34 Max: 16.39
Current: 12.88
During the past 13 years, Aryaman Financial Services's highest Return-on-Tangible-Asset was 16.39%. The lowest was 0.96%. And the median was 5.34%.
NSE:ARYAMAN's Return-on-Tangible-Asset is ranked better than 87.13% of 816
companies
in the Capital Markets industry
Industry Median: 1.515
vs NSE:ARYAMAN: 12.88
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.
Aryaman Financial Services Return-on-Tangible-Asset Related Terms
Aryaman Financial Services Return-on-Tangible-Asset Historical Data
* 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:ARYAMAN vs : Return-on-Tangible-Asset Comparison
For the Capital Markets subindustry, Aryaman Financial Services'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.
Aryaman Financial Services Return-on-Tangible-Asset vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Aryaman Financial Services's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Aryaman Financial Services'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 7.73% mean?
Aryaman Financial Services (NSE:ARYAMAN) has a Return-on-Tangible-Asset of 7.73% 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 Aryaman Financial Services and its competitors. This is 45% above median its historical median of 5.34. Over the past decade, Aryaman Financial Services' Return-on-Tangible-Asset has ranged from 0.96 to 16.39. According to the industry distribution chart, Aryaman Financial Services ranks #105 out of 816 companies in the Capital Markets industry, placing it in the top 12.9%.
Is Aryaman Financial Services' Return-on-Tangible-Asset too high?
Aryaman Financial Services' current Return-on-Tangible-Asset of 7.73% is 45% above median its 10-year median of 5.34. Over the past 10 years, this metric has ranged from a low of 0.96 to a high of 16.39. The Capital Markets industry median Return-on-Tangible-Asset is 1.52. Aryaman Financial Services' value of 7.73% is 410.2% above this industry median. Based on the distribution chart, Aryaman Financial Services ranks #105 out of 816 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Aryaman Financial Services has a GF Score™ of 59/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aryaman Financial Services' Return-on-Tangible-Asset compare to ?
According to the Capital Markets industry distribution chart, Aryaman Financial Services ranks #105 out of 816 companies for Return-on-Tangible-Asset. This places Aryaman Financial Services in the top 13% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.52. Aryaman Financial Services' value of 7.73% is 410.2% above this benchmark. Historically, Aryaman Financial Services' own Return-on-Tangible-Asset has ranged from 0.96 to 16.39 over the past decade. While the company's 10-year median is 5.34 vs. the industry median of 1.52, Aryaman Financial Services 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 Capital Markets company?
The median Return-on-Tangible-Asset among Capital Markets companies is 1.52, based on 816 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. Aryaman Financial Services's current Return-on-Tangible-Asset of 7.73% is 410.2% 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 Aryaman Financial Services and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Asset is 1.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aryaman Financial Services's current Return-on-Tangible-Asset is 7.73%, which is 45% above median its own 10-year median of 5.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aryaman Financial Services stock overvalued right now?
Based on GuruFocus' analysis, Aryaman Financial Services (NSE:ARYAMAN) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹491.62, compared to a current price of ₹587.00 — trading 19.4% above its estimated fair value. The current Return-on-Tangible-Asset is 7.73%, which is 45% above median its 10-year median of 5.34 and 410.2% above the Capital Markets industry median of 1.52. Aryaman Financial Services' overall GF Score™ is 59/100 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 Aryaman Financial Services (NSE:ARYAMAN), the current Return-on-Tangible-Asset is 7.73% 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 Aryaman Financial Services (NSE:ARYAMAN) Overvalued in 2026?
Based on GuruFocus' analysis, Aryaman Financial Services stock appears to be overvalued.
The current stock price of ₹587.00 is trading 19.4% above its estimated GF Value™ of ₹491.62.
GuruFocus considers Aryaman Financial Services to be Modestly Overvalued.
Key valuation signals for NSE:ARYAMAN:
Return-on-Tangible-Asset: 7.73% (45% above median its 10-year median of 5.34)
GF Value™: ₹491.62 vs. price of ₹587.00 (19.4% above fair value)
Industry Position: 410.2% above the Capital Markets median (#105 of 816)
No single metric tells the full story. See the NSE:ARYAMAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aryaman Financial Services Ltd is engaged in the merchant banking business. The company is engaged in the business of management and syndication of small and medium-sized initial public offerings, rights issues, composite issues, venture capital funding, and others. The company generates its revenue from Fees & Commission income, Investment and Dividend income, and Sale of stock-in-trade.
59GF Score
Get the complete analysis for NSE:ARYAMAN
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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