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JSW SteelNSE:JSWSTEEL +2.38%90 Return-on-Tangible-Asset is 6.98% as of Jun. 2026, which is 40% above its 10-year median of 4.97. GuruFocus rates NSE:JSWSTEEL with a GF Score™ of 90/100 and a GF Value™ of ₹1,089.10 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 635 Steel companies, JSW Steel ranks better than 89.92% 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. JSW Steel's annualizedNet Income for the quarter that ended in Jun. 2026 was ₹186,040 Mil. JSW Steel's average total tangible assets for the quarter that ended in Jun. 2026 was ₹2,666,440 Mil. Therefore, JSW Steel's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 6.98%.
The historical rank and industry rank for JSW Steel's Return-on-Tangible-Asset or its related term are showing as below:
NSE:JSWSTEEL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.51 Med: 4.97 Max: 12.18
Current: 9.89
During the past 13 years, JSW Steel's highest Return-on-Tangible-Asset was 12.18%. The lowest was 1.51%. And the median was 4.97%.
NSE:JSWSTEEL's Return-on-Tangible-Asset is ranked better than 89.92% of 635
companies
in the Steel industry
Industry Median: 2.07
vs NSE:JSWSTEEL: 9.89
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.
JSW Steel Return-on-Tangible-Asset Related Terms
JSW Steel Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for JSW Steel'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:JSWSTEEL vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, JSW Steel'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.
JSW Steel Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, JSW Steel's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where JSW Steel'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 6.98% mean?
JSW Steel (NSE:JSWSTEEL) has a Return-on-Tangible-Asset of 6.98% 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 JSW Steel and its competitors. This is 40% above median its historical median of 4.97. Over the past decade, JSW Steel's Return-on-Tangible-Asset has ranged from 1.51 to 12.18. According to the industry distribution chart, JSW Steel ranks #64 out of 635 companies in the Steel industry, placing it in the top 10.1%.
Is JSW Steel's Return-on-Tangible-Asset too high?
JSW Steel's current Return-on-Tangible-Asset of 6.98% is 40% above median its 10-year median of 4.97. Over the past 10 years, this metric has ranged from a low of 1.51 to a high of 12.18. The Steel industry median Return-on-Tangible-Asset is 2.07. JSW Steel's value of 6.98% is 237.2% above this industry median. Based on the distribution chart, JSW Steel ranks #64 out of 635 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, JSW Steel has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does JSW Steel's Return-on-Tangible-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, JSW Steel ranks #64 out of 635 companies for Return-on-Tangible-Asset. This places JSW Steel in the top 10% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.07. JSW Steel's value of 6.98% is 237.2% above this benchmark. Historically, JSW Steel's own Return-on-Tangible-Asset has ranged from 1.51 to 12.18 over the past decade. While the company's 10-year median is 4.97 vs. the industry median of 2.07, JSW Steel 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 Steel company?
The median Return-on-Tangible-Asset among Steel companies is 2.07, based on 635 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. JSW Steel's current Return-on-Tangible-Asset of 6.98% is 237.2% 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 JSW Steel and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JSW Steel's current Return-on-Tangible-Asset is 6.98%, which is 40% above median its own 10-year median of 4.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JSW Steel stock overvalued right now?
Based on GuruFocus' analysis, JSW Steel (NSE:JSWSTEEL) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹1,089.10, compared to a current price of ₹1,276.60 — trading 17.2% above its estimated fair value. The current Return-on-Tangible-Asset is 6.98%, which is 40% above median its 10-year median of 4.97 and 237.2% above the Steel industry median of 2.07. JSW Steel's overall GF Score™ is 90/100 with 7 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 JSW Steel (NSE:JSWSTEEL), the current Return-on-Tangible-Asset is 6.98% 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 JSW Steel (NSE:JSWSTEEL) Overvalued in 2026?
Based on GuruFocus' analysis, JSW Steel stock appears to be overvalued.
The current stock price of ₹1,276.60 is trading 17.2% above its estimated GF Value™ of ₹1,089.10.
GuruFocus considers JSW Steel to be Modestly Overvalued.
Key valuation signals for NSE:JSWSTEEL:
Return-on-Tangible-Asset: 6.98% (40% above median its 10-year median of 4.97)
GF Value™: ₹1,089.10 vs. price of ₹1,276.60 (17.2% above fair value)
Industry Position: 237.2% above the Steel median (#64 of 635)
No single metric tells the full story. See the NSE:JSWSTEEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
JSW Steel Ltd is an India-based company that is engaged in the business of manufacturing and selling steel products. Its steel products include semis, hot-rolled steel, cold-rolled steel, galvanized steel, color-coated steel, and long products. Its flat steel products (including hot-rolled, cold-rolled, and galvanized products), which account for the majority of the company's steel volume, are used in Indian automotive, construction, infrastructure, engineering, and consumer durable industries. Its long products are used in the Indian construction, infrastructure, and automotive industries. The company generates the majority of its revenue from the Indian domestic market.
90GF Score
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