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EMSNSE:EMSLIMITED -0.42%66 Return-on-Tangible-Asset is 1.70% as of Mar. 2026, which is 91% below its 10-year median of 19.06. GuruFocus rates NSE:EMSLIMITED with a GF Score™ of 66/100 and a GF Value™ of ₹462.98 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 1,786 Construction companies, EMS ranks better than 75.03% 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. EMS's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹223 Mil. EMS's average total tangible assets for the quarter that ended in Mar. 2026 was ₹13,161 Mil. Therefore, EMS's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 1.70%.
The historical rank and industry rank for EMS's Return-on-Tangible-Asset or its related term are showing as below:
NSE:EMSLIMITED'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 7.19 Med: 19.06 Max: 23.51
Current: 7.19
During the past 7 years, EMS's highest Return-on-Tangible-Asset was 23.51%. The lowest was 7.19%. And the median was 19.06%.
NSE:EMSLIMITED's Return-on-Tangible-Asset is ranked better than 75.03% of 1786
companies
in the Construction industry
Industry Median: 3.055
vs NSE:EMSLIMITED: 7.19
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.
EMS Return-on-Tangible-Asset Related Terms
EMS Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for EMS'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:EMSLIMITED vs PWR, FIX, EME: Return-on-Tangible-Asset Comparison
For the Engineering & Construction subindustry, EMS'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.
EMS Return-on-Tangible-Asset vs Construction Industry
For the Construction industry and Industrials sector, EMS's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where EMS'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 1.70% mean?
EMS (NSE:EMSLIMITED) has a Return-on-Tangible-Asset of 1.70% 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 EMS and its competitors. This is 91% below median its historical median of 19.06. Over the past decade, EMS's Return-on-Tangible-Asset has ranged from 7.19 to 23.51. According to the industry distribution chart, EMS ranks #446 out of 1786 companies in the Construction industry, placing it in the top 25%.
Is EMS's Return-on-Tangible-Asset too high?
EMS's current Return-on-Tangible-Asset of 1.70% is 91% below median its 10-year median of 19.06. Over the past 10 years, this metric has ranged from a low of 7.19 to a high of 23.51. The Construction industry median Return-on-Tangible-Asset is 3.06. EMS's value of 1.70% is 44.4% below this industry median. Based on the distribution chart, EMS ranks #446 out of 1786 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, EMS has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does EMS's Return-on-Tangible-Asset compare to PWR and FIX?
According to the Construction industry distribution chart, EMS ranks #446 out of 1786 companies for Return-on-Tangible-Asset. This places EMS in the top 25% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.06. EMS's value of 1.70% is 44.4% below this benchmark. Historically, EMS's own Return-on-Tangible-Asset has ranged from 7.19 to 23.51 over the past decade. While the company's 10-year median is 19.06 vs. the industry median of 3.06, EMS has consistently been below 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 Construction company?
The median Return-on-Tangible-Asset among Construction companies is 3.06, based on 1,786 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. EMS's current Return-on-Tangible-Asset of 1.70% is 44.4% below 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 EMS and its competitors. For the Construction industry, the median Return-on-Tangible-Asset is 3.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. EMS's current Return-on-Tangible-Asset is 1.70%, which is 91% below median its own 10-year median of 19.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EMS stock overvalued right now?
Based on GuruFocus' analysis, EMS (NSE:EMSLIMITED) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹462.98, compared to a current price of ₹404.40 — trading 12.7% below its estimated fair value. The current Return-on-Tangible-Asset is 1.70%, which is 91% below median its 10-year median of 19.06 and 44.4% below the Construction industry median of 3.06. EMS's overall GF Score™ is 66/100 with 8 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 EMS (NSE:EMSLIMITED), the current Return-on-Tangible-Asset is 1.70% 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 EMS (NSE:EMSLIMITED) Overvalued in 2026?
Based on GuruFocus' analysis, EMS stock appears to be undervalued.
The current stock price of ₹404.40 is trading 12.7% below its estimated GF Value™ of ₹462.98.
GuruFocus considers EMS to be Modestly Undervalued.
Key valuation signals for NSE:EMSLIMITED:
Return-on-Tangible-Asset: 1.70% (91% below median its 10-year median of 19.06)
GF Value™: ₹462.98 vs. price of ₹404.40 (12.7% below fair value)
Industry Position: 44.4% below the Construction median (#446 of 1786)
No single metric tells the full story. See the NSE:EMSLIMITED stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
EMS Ltd is a multi-disciplinary Engineering, Procurement, and Construction (EPC) company. It is engaged in the business of Sewerage contractors, Sewerage Treatment Plants (STP) Works, and Electricity transmission and distribution. It is also engaged in the building and manufacturing of its items which are used for construction purposes. The company is engaged in the business of providing turnkey services in water and wastewater collection, treatment and disposal, gravity and pressure pipeline networks, reservoirs, and pump houses along with complete electro-mechanical solutions.
66GF Score
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