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Jio Financial ServicesNSE:JIOFIN +5.23%61 Return-on-Tangible-Asset is 2.04% as of Jun. 2026, which is 16% below its 10-year median of 2.43. GuruFocus rates NSE:JIOFIN with a GF Score™ of 61/100 and a GF Value™ of ₹1,040.51 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,638 Asset Management companies, Jio Financial Services ranks worse than 65.87% 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. Jio Financial Services's annualizedNet Income for the quarter that ended in Jun. 2026 was ₹33,210 Mil. Jio Financial Services's average total tangible assets for the quarter that ended in Jun. 2026 was ₹1,631,326 Mil. Therefore, Jio Financial Services's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 2.04%.
The historical rank and industry rank for Jio Financial Services's Return-on-Tangible-Asset or its related term are showing as below:
NSE:JIOFIN'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -10.08 Med: 2.43 Max: 9.77
Current: 1.38
During the past 12 years, Jio Financial Services's highest Return-on-Tangible-Asset was 9.77%. The lowest was -10.08%. And the median was 2.43%.
NSE:JIOFIN's Return-on-Tangible-Asset is ranked worse than 65.87% of 1638
companies
in the Asset Management industry
Industry Median: 4.3
vs NSE:JIOFIN: 1.38
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.
Jio Financial Services Return-on-Tangible-Asset Related Terms
Jio Financial Services Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Jio 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:JIOFIN vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Jio 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.
Jio Financial Services Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Jio Financial Services's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Jio 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 2.04% mean?
Jio Financial Services (NSE:JIOFIN) has a Return-on-Tangible-Asset of 2.04% 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 Jio Financial Services and its competitors. This is 16% below median its historical median of 2.43. According to the industry distribution chart, Jio Financial Services ranks #1079 out of 1638 companies in the Asset Management industry, placing it in the top 65.9%.
Is Jio Financial Services' Return-on-Tangible-Asset too high?
Jio Financial Services' current Return-on-Tangible-Asset of 2.04% is 16% below median its 10-year median of 2.43. The Asset Management industry median Return-on-Tangible-Asset is 4.30. Jio Financial Services' value of 2.04% is 52.6% below this industry median. Based on the distribution chart, Jio Financial Services ranks #1079 out of 1638 companies in the Asset Management industry, which is below the industry midpoint. Overall, Jio Financial Services has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Jio Financial Services' Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, Jio Financial Services ranks #1079 out of 1638 companies for Return-on-Tangible-Asset. This places Jio Financial Services in the lower half of its industry. The industry median Return-on-Tangible-Asset is 4.30. Jio Financial Services' value of 2.04% is 52.6% below this benchmark. While the company's 10-year median is 2.43 vs. the industry median of 4.30, Jio Financial Services 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 an Asset Management company?
The median Return-on-Tangible-Asset among Asset Management companies is 4.30, based on 1,638 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. Jio Financial Services's current Return-on-Tangible-Asset of 2.04% is 52.6% 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 Jio Financial Services and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jio Financial Services's current Return-on-Tangible-Asset is 2.04%, which is 16% below median its own 10-year median of 2.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jio Financial Services stock overvalued right now?
Based on GuruFocus' analysis, Jio Financial Services (NSE:JIOFIN) is currently considered Possible Value Trap. The stock's GF Value™ is ₹1,040.51, compared to a current price of ₹249.48 — trading 76% below its estimated fair value. The current Return-on-Tangible-Asset is 2.04%, which is 16% below median its 10-year median of 2.43 and 52.6% below the Asset Management industry median of 4.30. Jio Financial Services' overall GF Score™ is 61/100 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 Jio Financial Services (NSE:JIOFIN), the current Return-on-Tangible-Asset is 2.04% 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.
Is Jio Financial Services (NSE:JIOFIN) Overvalued in 2026?
Based on GuruFocus' analysis, Jio Financial Services stock appears to be undervalued.
The current stock price of ₹249.48 is trading 76% below its estimated GF Value™ of ₹1,040.51.
GuruFocus considers Jio Financial Services to be Possible Value Trap.
Key valuation signals for NSE:JIOFIN:
Return-on-Tangible-Asset: 2.04% (16% below median its 10-year median of 2.43)
GF Value™: ₹1,040.51 vs. price of ₹249.48 (76% below fair value)
Industry Position: 52.6% below the Asset Management median (#1079 of 1638)
No single metric tells the full story. See the NSE:JIOFIN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jio Financial Services Ltd is a core investment company, non-deposit taking, systemically important (CIC-ND-SI). Along with its subsidiaries, joint ventures, and associates, it is engaged in the business of Investing and Financing, mainly Leasing, Insurance broking, Payment Bank, Payment Aggregator, and Payment Gateway services.
61GF Score
Get the complete analysis for NSE:JIOFIN
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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