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IRB Infrastructure DevelopersNSE:IRB +0.05%76 Return-on-Tangible-Asset is 3.81% as of Mar. 2026, which is 35% below its 10-year median of 5.90. GuruFocus rates NSE:IRB with a GF Score™ of 76/100 and a GF Value™ of ₹22.05 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 1,780 Construction companies, IRB Infrastructure Developers ranks worse than 52.25% on this metric.
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.
IRB Infrastructure Developers Return-on-Tangible-Asset Related Terms
IRB Infrastructure Developers Return-on-Tangible-Asset Historical Data
* 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.
For the Infrastructure Operations subindustry, IRB Infrastructure Developers'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.
IRB Infrastructure Developers Return-on-Tangible-Asset vs Construction Industry
For the Construction industry and Industrials sector, IRB Infrastructure Developers's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where IRB Infrastructure Developers'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 3.81% mean?
IRB Infrastructure Developers (NSE:IRB) has a Return-on-Tangible-Asset of 3.81% 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 IRB Infrastructure Developers and its competitors. This is 35% below median its historical median of 5.90. Over the past decade, IRB Infrastructure Developers' Return-on-Tangible-Asset has ranged from 0.92 to 25.62. According to the industry distribution chart, IRB Infrastructure Developers ranks #930 out of 1780 companies in the Construction industry, placing it in the top 52.2%.
Is IRB Infrastructure Developers' Return-on-Tangible-Asset too high?
IRB Infrastructure Developers' current Return-on-Tangible-Asset of 3.81% is 35% below median its 10-year median of 5.90. Over the past 10 years, this metric has ranged from a low of 0.92 to a high of 25.62. The Construction industry median Return-on-Tangible-Asset is 3.06. IRB Infrastructure Developers' value of 3.81% is 24.5% above this industry median. Based on the distribution chart, IRB Infrastructure Developers ranks #930 out of 1780 companies in the Construction industry, which is below the industry midpoint. Overall, IRB Infrastructure Developers has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does IRB Infrastructure Developers' Return-on-Tangible-Asset compare to competitors?
According to the Construction industry distribution chart, IRB Infrastructure Developers ranks #930 out of 1780 companies for Return-on-Tangible-Asset. This places IRB Infrastructure Developers in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.06. IRB Infrastructure Developers' value of 3.81% is 24.5% above this benchmark. Historically, IRB Infrastructure Developers' own Return-on-Tangible-Asset has ranged from 0.92 to 25.62 over the past decade. While the company's 10-year median is 5.90 vs. the industry median of 3.06, IRB Infrastructure Developers 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 Construction company?
The median Return-on-Tangible-Asset among Construction companies is 3.06, based on 1,780 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. IRB Infrastructure Developers's current Return-on-Tangible-Asset of 3.81% is 24.5% 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 IRB Infrastructure Developers 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. IRB Infrastructure Developers's current Return-on-Tangible-Asset is 3.81%, which is 35% below median its own 10-year median of 5.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IRB Infrastructure Developers stock overvalued right now?
Based on GuruFocus' analysis, IRB Infrastructure Developers (NSE:IRB) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹22.05, compared to a current price of ₹19.62 — trading 11% below its estimated fair value. The current Return-on-Tangible-Asset is 3.81%, which is 35% below median its 10-year median of 5.90 and 24.5% above the Construction industry median of 3.06. IRB Infrastructure Developers' overall GF Score™ is 76/100 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 IRB Infrastructure Developers (NSE:IRB), the current Return-on-Tangible-Asset is 3.81% 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 IRB Infrastructure Developers (NSE:IRB) Overvalued in 2026?
Based on GuruFocus' analysis, IRB Infrastructure Developers stock appears to be undervalued.
The current stock price of ₹19.62 is trading 11% below its estimated GF Value™ of ₹22.05.
GuruFocus considers IRB Infrastructure Developers to be Modestly Undervalued.
Key valuation signals for NSE:IRB:
Return-on-Tangible-Asset: 3.81% (35% below median its 10-year median of 5.90)
GF Value™: ₹22.05 vs. price of ₹19.62 (11% below fair value)
Industry Position: 24.5% above the Construction median (#930 of 1780)
No single metric tells the full story. See the NSE:IRB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IRB Infrastructure Developers Business Description
IRB Infrastructure Developers Ltd is an infrastructure and construction company. The company organizes itself into segments: Built, Operate and Transfer (BOT)/ Toll, Operate and Transfer (TOT) segment consist of operation and maintenance of roads; InvITs & Related Assets segment consists of investments in units of IRB Infrastructure Trust, IRB InvIT Fund and other related assets; and Construction segment consists of development and maintenance of roads. It derives maximum revenue from Construction segment.
76GF Score
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