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BAG ConvergenceNSE:BAGDIGITAL +2.66%21 Return-on-Tangible-Asset is 12.97% as of Mar. 2026, which is 65% below its 10-year median of 36.74. GuruFocus rates NSE:BAGDIGITAL with a GF Score™ of 21/100. The stock has 4 warning signs investors should review. Among 569 Interactive Media companies, BAG Convergence ranks better than 67.49% 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. BAG Convergence's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹94.8 Mil. BAG Convergence's average total tangible assets for the quarter that ended in Mar. 2026 was ₹730.8 Mil. Therefore, BAG Convergence's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 12.97%.
The historical rank and industry rank for BAG Convergence's Return-on-Tangible-Asset or its related term are showing as below:
NSE:BAGDIGITAL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 6.49 Med: 36.74 Max: 53.88
Current: 6.49
During the past 4 years, BAG Convergence's highest Return-on-Tangible-Asset was 53.88%. The lowest was 6.49%. And the median was 36.74%.
NSE:BAGDIGITAL's Return-on-Tangible-Asset is ranked better than 67.49% of 569
companies
in the Interactive Media industry
Industry Median: 0.69
vs NSE:BAGDIGITAL: 6.49
BAG Convergence (NSE:BAGDIGITAL) 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.
BAG Convergence Return-on-Tangible-Asset Related Terms
BAG Convergence Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for BAG Convergence'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.
BAG Convergence Return-on-Tangible-Asset Chart
BAG Convergence Annual Data
Trend
Mar23
Mar24
Mar25
Mar26
Return-on-Tangible-Asset
43.16
53.88
30.31
14.74
BAG Convergence Semi-Annual Data
Mar23
Mar24
Mar25
Mar26
Return-on-Tangible-Asset
0.00
0.00
33.94
12.97
NSE:BAGDIGITAL vs GOOGL, META, SPOT: Return-on-Tangible-Asset Comparison
For the Internet Content & Information subindustry, BAG Convergence'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.
BAG Convergence Return-on-Tangible-Asset vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, BAG Convergence's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where BAG Convergence'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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 12.97% mean?
BAG Convergence (NSE:BAGDIGITAL) has a Return-on-Tangible-Asset of 12.97% 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 BAG Convergence and its competitors. This is 65% below median its historical median of 36.74. Over the past decade, BAG Convergence's Return-on-Tangible-Asset has ranged from 6.49 to 53.88. According to the industry distribution chart, BAG Convergence ranks #185 out of 569 companies in the Interactive Media industry, placing it in the top 32.5%.
Is BAG Convergence's Return-on-Tangible-Asset too high?
BAG Convergence's current Return-on-Tangible-Asset of 12.97% is 65% below median its 10-year median of 36.74. Over the past 10 years, this metric has ranged from a low of 6.49 to a high of 53.88. The Interactive Media industry median Return-on-Tangible-Asset is 0.69. BAG Convergence's value of 12.97% is 1779.7% above this industry median. Based on the distribution chart, BAG Convergence ranks #185 out of 569 companies in the Interactive Media industry, which is above the industry midpoint. Overall, BAG Convergence has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does BAG Convergence's Return-on-Tangible-Asset compare to GOOGL and META?
According to the Interactive Media industry distribution chart, BAG Convergence ranks #185 out of 569 companies for Return-on-Tangible-Asset. This puts BAG Convergence in the upper half of its industry. The industry median Return-on-Tangible-Asset is 0.69. BAG Convergence's value of 12.97% is 1779.7% above this benchmark. Historically, BAG Convergence's own Return-on-Tangible-Asset has ranged from 6.49 to 53.88 over the past decade. While the company's 10-year median is 36.74 vs. the industry median of 0.69, BAG Convergence 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 an Interactive Media company?
The median Return-on-Tangible-Asset among Interactive Media companies is 0.69, based on 569 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. BAG Convergence's current Return-on-Tangible-Asset of 12.97% is 1779.7% 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 BAG Convergence and its competitors. For the Interactive Media industry, the median Return-on-Tangible-Asset is 0.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BAG Convergence's current Return-on-Tangible-Asset is 12.97%, which is 65% below median its own 10-year median of 36.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BAG Convergence stock overvalued right now?
BAG Convergence (NSE:BAGDIGITAL) has a current Return-on-Tangible-Asset of 12.97%. The current Return-on-Tangible-Asset is 12.97%, which is 65% below median its 10-year median of 36.74 and 1779.7% above the Interactive Media industry median of 0.69. BAG Convergence's overall GF Score™ is 21/100 with 4 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 BAG Convergence (NSE:BAGDIGITAL), the current Return-on-Tangible-Asset is 12.97% 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.
BAG Convergence Ltd is engaged in the business of convergence of traditional media to digital media and renders technical assistance to TV channels, along with services related to website maintenance. The company is involved in content creation on digital platforms across News, Entertainment, Sports, Religious, and other segments, operating through websites, social media platforms including YouTube, Facebook, Instagram, and X, as well as Connected TV on Samsung Plus, LG, Xiaomi, and Waves-Prasar Bharti. Its clients include News24 Hindi, News24 English, E24, ISOMES, and BAG.
21GF Score
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