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.
HDB Financial ServicesNSE:HDBFS -2.63%9 Return-on-Tangible-Asset is 2.54% as of Jun. 2026, which is 2% above its 10-year median of 2.50. GuruFocus rates NSE:HDBFS with a GF Score™ of 9/100. The stock has 4 warning signs investors should review. Among 545 Credit Services companies, HDB Financial Services ranks worse than 52.29% 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. HDB Financial Services's annualizedNet Income for the quarter that ended in Jun. 2026 was ₹31,408 Mil. HDB Financial Services's average total tangible assets for the quarter that ended in Jun. 2026 was ₹1,235,862 Mil. Therefore, HDB Financial Services's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 2.54%.
The historical rank and industry rank for HDB Financial Services's Return-on-Tangible-Asset or its related term are showing as below:
NSE:HDBFS'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.16 Med: 2.5 Max: 3.03
Current: 2.39
During the past 4 years, HDB Financial Services's highest Return-on-Tangible-Asset was 3.03%. The lowest was 2.16%. And the median was 2.50%.
NSE:HDBFS's Return-on-Tangible-Asset is ranked worse than 52.29% of 545
companies
in the Credit Services industry
Industry Median: 1.92
vs NSE:HDBFS: 2.39
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.
HDB Financial Services Return-on-Tangible-Asset Related Terms
HDB Financial Services Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for HDB Financial Services'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:HDBFS vs V, MA, AXP: Return-on-Tangible-Asset Comparison
For the Credit Services subindustry, HDB Financial Services'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.
HDB Financial Services Return-on-Tangible-Asset vs Credit Services Industry
For the Credit Services industry and Financial Services sector, HDB Financial Services's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where HDB Financial Services'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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 2.54% mean?
HDB Financial Services (NSE:HDBFS) has a Return-on-Tangible-Asset of 2.54% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on HDB Financial Services and its competitors. This is near median its historical median of 2.50. Over the past decade, HDB Financial Services' Return-on-Tangible-Asset has ranged from 2.16 to 3.03. According to the industry distribution chart, HDB Financial Services ranks #285 out of 545 companies in the Credit Services industry, placing it in the top 52.3%.
Is HDB Financial Services' Return-on-Tangible-Asset too high?
HDB Financial Services' current Return-on-Tangible-Asset of 2.54% is near median its 10-year median of 2.50. Over the past 10 years, this metric has ranged from a low of 2.16 to a high of 3.03. The Credit Services industry median Return-on-Tangible-Asset is 1.92. HDB Financial Services' value of 2.54% is 32.3% above this industry median. Based on the distribution chart, HDB Financial Services ranks #285 out of 545 companies in the Credit Services industry, which is below the industry midpoint. Overall, HDB Financial Services has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does HDB Financial Services' Return-on-Tangible-Asset compare to V and MA?
According to the Credit Services industry distribution chart, HDB Financial Services ranks #285 out of 545 companies for Return-on-Tangible-Asset. This places HDB Financial Services in the lower half of its industry. The industry median Return-on-Tangible-Asset is 1.92. HDB Financial Services' value of 2.54% is 32.3% above this benchmark. Historically, HDB Financial Services' own Return-on-Tangible-Asset has ranged from 2.16 to 3.03 over the past decade. While the company's 10-year median is 2.50 vs. the industry median of 1.92, HDB Financial Services 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 Credit Services company?
The median Return-on-Tangible-Asset among Credit Services companies is 1.92, based on 545 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. HDB Financial Services's current Return-on-Tangible-Asset of 2.54% is 32.3% 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 HDB Financial Services and its competitors. For the Credit Services industry, the median Return-on-Tangible-Asset is 1.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HDB Financial Services's current Return-on-Tangible-Asset is 2.54%, which is near median its own 10-year median of 2.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HDB Financial Services stock overvalued right now?
HDB Financial Services (NSE:HDBFS) has a current Return-on-Tangible-Asset of 2.54%. The current Return-on-Tangible-Asset is 2.54%, which is near median its 10-year median of 2.50 and 32.3% above the Credit Services industry median of 1.92. HDB Financial Services' overall GF Score™ is 9/100 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 HDB Financial Services (NSE:HDBFS), the current Return-on-Tangible-Asset is 2.54% as of Jun. 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.
HDB Financial Services Ltd is a non-banking finance company that provides lending services and business process outsourcing. The company also offers services related to the marketing and promotion of various financial products. Additionally, it provides BPO services that encompass back-office services such as form processing, document verification, finance and accounting services, and correspondence management, as well as front-office services including contact center management, outbound marketing, and collection services. The company's operating segments are: Lending services and BPO services. The majority of its revenue is generated from the Lending services segment, which includes providing finance to retail customers for a variety of purposes. Its operations are concentrated in India.
9GF Score
Get the complete analysis for NSE:HDBFS
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:HDBFS has been successfully added to your 
