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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. Frog Innovations's annualizedNet Income for the quarter that ended in Sep. 2025 was ₹-20 Mil. Frog Innovations's average total tangible assets for the quarter that ended in Sep. 2025 was ₹2,045 Mil. Therefore, Frog Innovations's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2025 was -1.00%.
The historical rank and industry rank for Frog Innovations's Return-on-Tangible-Asset or its related term are showing as below:
NSE:FROG'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.79 Med: 13.08 Max: 17.69
Current: 8.62
During the past 6 years, Frog Innovations's highest Return-on-Tangible-Asset was 17.69%. The lowest was 1.79%. And the median was 13.08%.
NSE:FROG's Return-on-Tangible-Asset is ranked better than 82.65% of 2501
companies
in the Hardware industry
Industry Median: 2.44
vs NSE:FROG: 8.62
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.
Frog Innovations Return-on-Tangible-Asset Related Terms
Frog Innovations Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Frog Innovations'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:FROG vs CSCO, MSI, HPE: Return-on-Tangible-Asset Comparison
For the Communication Equipment subindustry, Frog Innovations'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.
Frog Innovations Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Frog Innovations's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Frog Innovations'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 (Sep. 2025) net income data.
What does a Return-on-Tangible-Asset of -1.00% mean?
Frog Innovations (NSE:FROG) has a Return-on-Tangible-Asset of -1.00% as of Sep. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Frog Innovations and its competitors. Over the past decade, Frog Innovations' Return-on-Tangible-Asset has ranged from 1.79 to 17.69. According to the industry distribution chart, Frog Innovations ranks #434 out of 2501 companies in the Hardware industry, placing it in the top 17.4%.
Is Frog Innovations' Return-on-Tangible-Asset too high?
Frog Innovations' current Return-on-Tangible-Asset is -1.00%. Over the past 10 years, this metric has ranged from a low of 1.79 to a high of 17.69. Based on the distribution chart, Frog Innovations ranks #434 out of 2501 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Frog Innovations has a GF Score™ of 75/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Frog Innovations' Return-on-Tangible-Asset compare to CSCO and MSI?
According to the Hardware industry distribution chart, Frog Innovations ranks #434 out of 2501 companies for Return-on-Tangible-Asset. This places Frog Innovations in the top 17% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.44. Historically, Frog Innovations' own Return-on-Tangible-Asset has ranged from 1.79 to 17.69 over the past decade. 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 2.44, based on 2,501 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. 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 Frog Innovations and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Frog Innovations's current Return-on-Tangible-Asset is -1.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Frog Innovations stock overvalued right now?
Based on GuruFocus' analysis, Frog Innovations (NSE:FROG) is currently considered Possible Value Trap. The stock's GF Value™ is ₹348.77, compared to a current price of ₹211.40 — trading 39.4% below its estimated fair value. The current Return-on-Tangible-Asset is -1.00%. Frog Innovations' overall GF Score™ is 75/100 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 Frog Innovations (NSE:FROG), the current Return-on-Tangible-Asset is -1.00% as of Sep. 2025. 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 Frog Innovations (NSE:FROG) Overvalued in 2026?
Based on GuruFocus' analysis, Frog Innovations stock appears to be undervalued.
The current stock price of ₹211.40 is trading 39.4% below its estimated GF Value™ of ₹348.77.
GuruFocus considers Frog Innovations to be Possible Value Trap.
Key valuation signals for NSE:FROG:
Return-on-Tangible-Asset: -1.00%
GF Value™: ₹348.77 vs. price of ₹211.40 (39.4% below fair value)
No single metric tells the full story. See the NSE:FROG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Frog Innovations Ltd is a company engaged in manufacturing telecom equipment used by telecom operators, especially in Telecom Towers. The company manufactures 2G/3G/4G/5G Multi-band Digital RF Repeaters, Multi-band Frequency Shift Repeaters, Multi-band Optical DAS systems, relative software, and accessories. The company also offers In-Building Coverage Planning and Design services along with Radio Access Network (RAN) and Backhaul Network installation services. The company collectively operates only in one business segment manufacturing and installation of in-building coverage solutions and mobile network accessories for mobile service providers and operators. It provides its products and services across Asia, Europe, Africa, and the Middle East.
75GF Score
Get the complete analysis for NSE:FROG
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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