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Asian PaintsNSE:ASIANPAINT -0.44%98 Return-on-Tangible-Asset is 18.08% as of Jun. 2026, which is 10% above its 10-year median of 16.49. GuruFocus rates NSE:ASIANPAINT with a GF Score™ of 98/100 and a GF Value™ of ₹2,910.10 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,611 Chemicals companies, Asian Paints ranks better than 95.22% 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. Asian Paints's annualizedNet Income for the quarter that ended in Jun. 2026 was ₹61,570 Mil. Asian Paints's average total tangible assets for the quarter that ended in Jun. 2026 was ₹340,592 Mil. Therefore, Asian Paints's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 18.08%.
The historical rank and industry rank for Asian Paints's Return-on-Tangible-Asset or its related term are showing as below:
NSE:ASIANPAINT'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 12.46 Med: 16.49 Max: 20.05
Current: 15.11
During the past 13 years, Asian Paints's highest Return-on-Tangible-Asset was 20.05%. The lowest was 12.46%. And the median was 16.49%.
NSE:ASIANPAINT's Return-on-Tangible-Asset is ranked better than 95.22% of 1611
companies
in the Chemicals industry
Industry Median: 3.09
vs NSE:ASIANPAINT: 15.11
Asian Paints (NSE:ASIANPAINT) 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.
Asian Paints Return-on-Tangible-Asset Related Terms
Asian Paints Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Asian Paints'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:ASIANPAINT vs LIN, SHW, ECL: Return-on-Tangible-Asset Comparison
For the Specialty Chemicals subindustry, Asian Paints'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.
Asian Paints Return-on-Tangible-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Asian Paints's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Asian Paints'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 18.08% mean?
Asian Paints (NSE:ASIANPAINT) has a Return-on-Tangible-Asset of 18.08% 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 Asian Paints and its competitors. This is 10% above median its historical median of 16.49. Over the past decade, Asian Paints' Return-on-Tangible-Asset has ranged from 12.46 to 20.05. According to the industry distribution chart, Asian Paints ranks #77 out of 1611 companies in the Chemicals industry, placing it in the top 4.8%.
Is Asian Paints' Return-on-Tangible-Asset too high?
Asian Paints' current Return-on-Tangible-Asset of 18.08% is 10% above median its 10-year median of 16.49. Over the past 10 years, this metric has ranged from a low of 12.46 to a high of 20.05. The Chemicals industry median Return-on-Tangible-Asset is 3.09. Asian Paints' value of 18.08% is 485.1% above this industry median. Based on the distribution chart, Asian Paints ranks #77 out of 1611 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Asian Paints has a GF Score™ of 98/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Asian Paints' Return-on-Tangible-Asset compare to LIN and SHW?
According to the Chemicals industry distribution chart, Asian Paints ranks #77 out of 1611 companies for Return-on-Tangible-Asset. This places Asian Paints in the top 5% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.09. Asian Paints' value of 18.08% is 485.1% above this benchmark. Historically, Asian Paints' own Return-on-Tangible-Asset has ranged from 12.46 to 20.05 over the past decade. While the company's 10-year median is 16.49 vs. the industry median of 3.09, Asian Paints 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 Chemicals company?
The median Return-on-Tangible-Asset among Chemicals companies is 3.09, based on 1,611 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. Asian Paints's current Return-on-Tangible-Asset of 18.08% is 485.1% 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 Asian Paints and its competitors. For the Chemicals industry, the median Return-on-Tangible-Asset is 3.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asian Paints's current Return-on-Tangible-Asset is 18.08%, which is 10% above median its own 10-year median of 16.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asian Paints stock overvalued right now?
Based on GuruFocus' analysis, Asian Paints (NSE:ASIANPAINT) is currently considered Fairly Valued. The stock's GF Value™ is ₹2,910.10, compared to a current price of ₹2,746.20 — trading 5.6% below its estimated fair value. The current Return-on-Tangible-Asset is 18.08%, which is 10% above median its 10-year median of 16.49 and 485.1% above the Chemicals industry median of 3.09. Asian Paints' overall GF Score™ is 98/100 with 3 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 Asian Paints (NSE:ASIANPAINT), the current Return-on-Tangible-Asset is 18.08% 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 Asian Paints (NSE:ASIANPAINT) Overvalued in 2026?
Based on GuruFocus' analysis, Asian Paints stock appears to be undervalued.
The current stock price of ₹2,746.20 is trading 5.6% below its estimated GF Value™ of ₹2,910.10.
GuruFocus considers Asian Paints to be Fairly Valued.
Key valuation signals for NSE:ASIANPAINT:
Return-on-Tangible-Asset: 18.08% (10% above median its 10-year median of 16.49)
GF Value™: ₹2,910.10 vs. price of ₹2,746.20 (5.6% below fair value)
Industry Position: 485.1% above the Chemicals median (#77 of 1611)
No single metric tells the full story. See the NSE:ASIANPAINT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asian Paints Ltd is in the business of colour, decor, design and protection and operates through Decorative, International, Home Decor, and Industrial segments. The Decorative segment offers interior and exterior wall finishes, wood finishes, waterproofing, enamels, adhesives, tools, and undercoats. The Home Decor segment offers modular kitchens and wardrobes, bath fittings and sanitaryware, decorative lightings, uPVC windows and doors, wall coverings, furniture, fabric and furnishings, and rugs. The International segment caters to customers across Asia, the Middle East, Africa and the South Pacific. The Industrial segment provides automotive, general industrial, packaging, marine, industrial protective coatings, and powder coatings. The majority of revenue comes from India.
98GF Score
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