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Astra Microwave ProductsNSE:ASTRAMICRO -0.22%73 Return-on-Tangible-Asset is 21.39% as of Mar. 2026, which is 165% above its 10-year median of 8.06. GuruFocus rates NSE:ASTRAMICRO with a GF Score™ of 73/100 and a GF Value™ of ₹1,027.17 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 2,502 Hardware companies, Astra Microwave Products ranks better than 86.89% 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. Astra Microwave Products's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹4,239 Mil. Astra Microwave Products's average total tangible assets for the quarter that ended in Mar. 2026 was ₹19,820 Mil. Therefore, Astra Microwave Products's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 21.39%.
The historical rank and industry rank for Astra Microwave Products's Return-on-Tangible-Asset or its related term are showing as below:
NSE:ASTRAMICRO'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.51 Med: 8.06 Max: 10.36
Current: 10.36
During the past 13 years, Astra Microwave Products's highest Return-on-Tangible-Asset was 10.36%. The lowest was 1.51%. And the median was 8.06%.
NSE:ASTRAMICRO's Return-on-Tangible-Asset is ranked better than 86.89% of 2502
companies
in the Hardware industry
Industry Median: 2.445
vs NSE:ASTRAMICRO: 10.36
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.
Astra Microwave Products Return-on-Tangible-Asset Related Terms
Astra Microwave Products Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Astra Microwave Products'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:ASTRAMICRO vs CSCO, CIEN, MSI: Return-on-Tangible-Asset Comparison
For the Communication Equipment subindustry, Astra Microwave Products'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.
Astra Microwave Products Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Astra Microwave Products's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Astra Microwave Products'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 21.39% mean?
Astra Microwave Products (NSE:ASTRAMICRO) has a Return-on-Tangible-Asset of 21.39% 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 Astra Microwave Products and its competitors. This is 165% above median its historical median of 8.06. Over the past decade, Astra Microwave Products' Return-on-Tangible-Asset has ranged from 1.51 to 10.36. According to the industry distribution chart, Astra Microwave Products ranks #328 out of 2502 companies in the Hardware industry, placing it in the top 13.1%.
Is Astra Microwave Products' Return-on-Tangible-Asset too high?
Astra Microwave Products' current Return-on-Tangible-Asset of 21.39% is 165% above median its 10-year median of 8.06. Over the past 10 years, this metric has ranged from a low of 1.51 to a high of 10.36. The Hardware industry median Return-on-Tangible-Asset is 2.45. Astra Microwave Products' value of 21.39% is 774.8% above this industry median. Based on the distribution chart, Astra Microwave Products ranks #328 out of 2502 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Astra Microwave Products has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Astra Microwave Products' Return-on-Tangible-Asset compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Astra Microwave Products ranks #328 out of 2502 companies for Return-on-Tangible-Asset. This places Astra Microwave Products in the top 13% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.45. Astra Microwave Products' value of 21.39% is 774.8% above this benchmark. Historically, Astra Microwave Products' own Return-on-Tangible-Asset has ranged from 1.51 to 10.36 over the past decade. While the company's 10-year median is 8.06 vs. the industry median of 2.45, Astra Microwave Products 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 Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.45, based on 2,502 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. Astra Microwave Products's current Return-on-Tangible-Asset of 21.39% is 774.8% 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 Astra Microwave Products and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Astra Microwave Products's current Return-on-Tangible-Asset is 21.39%, which is 165% above median its own 10-year median of 8.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Astra Microwave Products stock overvalued right now?
Based on GuruFocus' analysis, Astra Microwave Products (NSE:ASTRAMICRO) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹1,027.17, compared to a current price of ₹1,747.10 — trading 70.1% above its estimated fair value. The current Return-on-Tangible-Asset is 21.39%, which is 165% above median its 10-year median of 8.06 and 774.8% above the Hardware industry median of 2.45. Astra Microwave Products' overall GF Score™ is 73/100 with 7 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 Astra Microwave Products (NSE:ASTRAMICRO), the current Return-on-Tangible-Asset is 21.39% 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 Astra Microwave Products (NSE:ASTRAMICRO) Overvalued in 2026?
Based on GuruFocus' analysis, Astra Microwave Products stock appears to be overvalued.
The current stock price of ₹1,747.10 is trading 70.1% above its estimated GF Value™ of ₹1,027.17.
GuruFocus considers Astra Microwave Products to be Significantly Overvalued.
Key valuation signals for NSE:ASTRAMICRO:
Return-on-Tangible-Asset: 21.39% (165% above median its 10-year median of 8.06)
GF Value™: ₹1,027.17 vs. price of ₹1,747.10 (70.1% above fair value)
Industry Position: 774.8% above the Hardware median (#328 of 2502)
No single metric tells the full story. See the NSE:ASTRAMICRO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Astra Microwave Products Ltd is engaged in designing and manufacturing radio frequency (RF) and microwave super components and sub-systems finding applications in defense, space, telecom, meteorology, and civil communication systems. The principal activity of the company is to carry on the business to manufacture, produce, assemble, repair, maintain, importing, export, buy, sell, or otherwise deal in all kinds of electronic items and components.
73GF Score
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