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Hvax TechnologiesNSE:HVAX +2.45%44 Return-on-Tangible-Asset is 20.77% as of Mar. 2026, which is 103% above its 10-year median of 10.25. GuruFocus rates NSE:HVAX with a GF Score™ of 44/100. The stock has 6 warning signs investors should review. Among 163 Industrial Distribution companies, Hvax Technologies ranks better than 87.73% 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. Hvax Technologies's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹286 Mil. Hvax Technologies's average total tangible assets for the quarter that ended in Mar. 2026 was ₹1,378 Mil. Therefore, Hvax Technologies's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 20.77%.
The historical rank and industry rank for Hvax Technologies's Return-on-Tangible-Asset or its related term are showing as below:
NSE:HVAX'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 7.88 Med: 10.25 Max: 12.01
Current: 10.39
During the past 6 years, Hvax Technologies's highest Return-on-Tangible-Asset was 12.01%. The lowest was 7.88%. And the median was 10.25%.
NSE:HVAX's Return-on-Tangible-Asset is ranked better than 87.73% of 163
companies
in the Industrial Distribution industry
Industry Median: 4.41
vs NSE:HVAX: 10.39
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.
Hvax Technologies Return-on-Tangible-Asset Related Terms
Hvax Technologies Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Hvax 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:HVAX vs GWW, FAST, FERG: Return-on-Tangible-Asset Comparison
For the Industrial Distribution subindustry, Hvax 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.
Hvax Technologies Return-on-Tangible-Asset vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Hvax Technologies's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Hvax 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 two times the semi-annual (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 20.77% mean?
Hvax Technologies (NSE:HVAX) has a Return-on-Tangible-Asset of 20.77% 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 Hvax Technologies and its competitors. This is 103% above median its historical median of 10.25. Over the past decade, Hvax Technologies' Return-on-Tangible-Asset has ranged from 7.88 to 12.01. According to the industry distribution chart, Hvax Technologies ranks #20 out of 163 companies in the Industrial Distribution industry, placing it in the top 12.3%.
Is Hvax Technologies' Return-on-Tangible-Asset too high?
Hvax Technologies' current Return-on-Tangible-Asset of 20.77% is 103% above median its 10-year median of 10.25. Over the past 10 years, this metric has ranged from a low of 7.88 to a high of 12.01. The Industrial Distribution industry median Return-on-Tangible-Asset is 4.41. Hvax Technologies' value of 20.77% is 371% above this industry median. Based on the distribution chart, Hvax Technologies ranks #20 out of 163 companies in the Industrial Distribution industry, which is in the top quartile — a strong position relative to peers. Overall, Hvax Technologies has a GF Score™ of 44/100, reflecting its overall financial health beyond just this single metric.
How does Hvax Technologies' Return-on-Tangible-Asset compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Hvax Technologies ranks #20 out of 163 companies for Return-on-Tangible-Asset. This places Hvax Technologies in the top 12% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 4.41. Hvax Technologies' value of 20.77% is 371% above this benchmark. Historically, Hvax Technologies' own Return-on-Tangible-Asset has ranged from 7.88 to 12.01 over the past decade. While the company's 10-year median is 10.25 vs. the industry median of 4.41, Hvax 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 an Industrial Distribution company?
The median Return-on-Tangible-Asset among Industrial Distribution companies is 4.41, based on 163 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. Hvax Technologies's current Return-on-Tangible-Asset of 20.77% is 371% 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 Hvax Technologies and its competitors. For the Industrial Distribution industry, the median Return-on-Tangible-Asset is 4.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hvax Technologies's current Return-on-Tangible-Asset is 20.77%, which is 103% above median its own 10-year median of 10.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hvax Technologies stock overvalued right now?
Hvax Technologies (NSE:HVAX) has a current Return-on-Tangible-Asset of 20.77%. The current Return-on-Tangible-Asset is 20.77%, which is 103% above median its 10-year median of 10.25 and 371% above the Industrial Distribution industry median of 4.41. Hvax Technologies' overall GF Score™ is 44/100 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 Hvax Technologies (NSE:HVAX), the current Return-on-Tangible-Asset is 20.77% 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.
Hvax Technologies Ltd is engaged in the business of turnkey projects on engineering, procurement, and execution of controlled environment infrastructure and cleanrooms; design, engineering, and consultancy services for pharma and healthcare companies. As a part of turnkey projects, the company supplies the following third-party manufactured products: Cleanroom wall panels, Cleanroom ceiling panels, Covings, riser panels, cleanroom doors, flooring systems, pass boxes, air showers, LT/HT electrical panels, pre-fabricated galvanized iron (GI) ducts, air handling units, chillers, Building Management Systems (BMS) Equipment, and Utility generation and distribution equipment.
44GF Score
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