Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Avalon TechnologiesNSE:AVALON +2.27%77 Return-on-Tangible-Asset is 13.08% as of Mar. 2026, which is 121% above its 10-year median of 5.92. GuruFocus rates NSE:AVALON with a GF Score™ of 77/100 and a GF Value™ of ₹1,161.04 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 2,500 Hardware companies, Avalon Technologies ranks better than 86% 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. Avalon Technologies's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹1,646 Mil. Avalon Technologies's average total tangible assets for the quarter that ended in Mar. 2026 was ₹12,580 Mil. Therefore, Avalon Technologies's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 13.08%.
The historical rank and industry rank for Avalon Technologies's Return-on-Tangible-Asset or its related term are showing as below:
NSE:AVALON'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.65 Med: 5.92 Max: 12.4
Current: 9.99
During the past 7 years, Avalon Technologies's highest Return-on-Tangible-Asset was 12.40%. The lowest was 2.65%. And the median was 5.92%.
NSE:AVALON's Return-on-Tangible-Asset is ranked better than 86% of 2500
companies
in the Hardware industry
Industry Median: 2.455
vs NSE:AVALON: 9.99
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.
Avalon Technologies Return-on-Tangible-Asset Related Terms
Avalon Technologies Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Avalon Technologies'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:AVALON vs APH, GLW, TEL: Return-on-Tangible-Asset Comparison
For the Electronic Components subindustry, Avalon Technologies'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.
Avalon Technologies Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Avalon Technologies's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Avalon Technologies'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 13.08% mean?
Avalon Technologies (NSE:AVALON) has a Return-on-Tangible-Asset of 13.08% 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 Avalon Technologies and its competitors. This is 121% above median its historical median of 5.92. Over the past decade, Avalon Technologies' Return-on-Tangible-Asset has ranged from 2.65 to 12.40. According to the industry distribution chart, Avalon Technologies ranks #350 out of 2500 companies in the Hardware industry, placing it in the top 14%.
Is Avalon Technologies' Return-on-Tangible-Asset too high?
Avalon Technologies' current Return-on-Tangible-Asset of 13.08% is 121% above median its 10-year median of 5.92. Over the past 10 years, this metric has ranged from a low of 2.65 to a high of 12.40. The Hardware industry median Return-on-Tangible-Asset is 2.46. Avalon Technologies' value of 13.08% is 432.8% above this industry median. Based on the distribution chart, Avalon Technologies ranks #350 out of 2500 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Avalon Technologies has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Avalon Technologies' Return-on-Tangible-Asset compare to APH and GLW?
According to the Hardware industry distribution chart, Avalon Technologies ranks #350 out of 2500 companies for Return-on-Tangible-Asset. This places Avalon Technologies in the top 14% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.46. Avalon Technologies' value of 13.08% is 432.8% above this benchmark. Historically, Avalon Technologies' own Return-on-Tangible-Asset has ranged from 2.65 to 12.40 over the past decade. While the company's 10-year median is 5.92 vs. the industry median of 2.46, Avalon Technologies 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 2.46, based on 2,500 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. Avalon Technologies's current Return-on-Tangible-Asset of 13.08% is 432.8% 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 Avalon Technologies and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Avalon Technologies's current Return-on-Tangible-Asset is 13.08%, which is 121% above median its own 10-year median of 5.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Avalon Technologies stock overvalued right now?
Based on GuruFocus' analysis, Avalon Technologies (NSE:AVALON) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹1,161.04, compared to a current price of ₹1,677.30 — trading 44.5% above its estimated fair value. The current Return-on-Tangible-Asset is 13.08%, which is 121% above median its 10-year median of 5.92 and 432.8% above the Hardware industry median of 2.46. Avalon Technologies' overall GF Score™ is 77/100 with 6 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 Avalon Technologies (NSE:AVALON), the current Return-on-Tangible-Asset is 13.08% 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 Avalon Technologies (NSE:AVALON) Overvalued in 2026?
Based on GuruFocus' analysis, Avalon Technologies stock appears to be overvalued.
The current stock price of ₹1,677.30 is trading 44.5% above its estimated GF Value™ of ₹1,161.04.
GuruFocus considers Avalon Technologies to be Significantly Overvalued.
Key valuation signals for NSE:AVALON:
Return-on-Tangible-Asset: 13.08% (121% above median its 10-year median of 5.92)
GF Value™: ₹1,161.04 vs. price of ₹1,677.30 (44.5% above fair value)
Industry Position: 432.8% above the Hardware median (#350 of 2500)
No single metric tells the full story. See the NSE:AVALON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Avalon Technologies Ltd is a fully integrated electronic manufacturing services company. It is engaged in providing Electronics Manufacturing Services (EMS) with capabilities in printed circuit board assembly, custom cable and wire harnesses, etc. Geographically the company generates the majority of its revenue from India.
77GF Score
Get the complete analysis for NSE:AVALON
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:AVALON has been successfully added to your 
