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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. Kernex Microsystems (India)'s annualizedNet Income for the quarter that ended in Mar. 2026 was ₹2,730 Mil. Kernex Microsystems (India)'s average total tangible assets for the quarter that ended in Mar. 2026 was ₹9,126 Mil. Therefore, Kernex Microsystems (India)'s annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 29.92%.
The historical rank and industry rank for Kernex Microsystems (India)'s Return-on-Tangible-Asset or its related term are showing as below:
NSE:KERNEX'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -22.45 Med: -7.2 Max: 26.04
Current: 16.62
During the past 13 years, Kernex Microsystems (India)'s highest Return-on-Tangible-Asset was 26.04%. The lowest was -22.45%. And the median was -7.20%.
NSE:KERNEX's Return-on-Tangible-Asset is ranked better than 88.31% of 2891
companies
in the Software industry
Industry Median: 2.07
vs NSE:KERNEX: 16.62
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.
Kernex Microsystems (India) Return-on-Tangible-Asset Related Terms
Kernex Microsystems (India) 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.
NSE:KERNEX vs QH, SHOP, UBER: Return-on-Tangible-Asset Comparison
For the Software - Application subindustry, Kernex Microsystems (India)'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.
Kernex Microsystems (India) Return-on-Tangible-Asset vs Software Industry
For the Software industry and Technology sector, Kernex Microsystems (India)'s Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Kernex Microsystems (India)'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 29.92% mean?
Kernex Microsystems (India) (NSE:KERNEX) has a Return-on-Tangible-Asset of 29.92% 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 Kernex Microsystems (India) and its competitors. According to the industry distribution chart, Kernex Microsystems (India) ranks #338 out of 2891 companies in the Software industry, placing it in the top 11.7%.
Is Kernex Microsystems (India)'s Return-on-Tangible-Asset too high?
Kernex Microsystems (India)'s current Return-on-Tangible-Asset is 29.92%. The Software industry median Return-on-Tangible-Asset is 2.07. Kernex Microsystems (India)'s value of 29.92% is 1345.4% above this industry median. Based on the distribution chart, Kernex Microsystems (India) ranks #338 out of 2891 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Kernex Microsystems (India) has a GF Score™ of 44/100, reflecting its overall financial health beyond just this single metric.
How does Kernex Microsystems (India)'s Return-on-Tangible-Asset compare to QH and SHOP?
According to the Software industry distribution chart, Kernex Microsystems (India) ranks #338 out of 2891 companies for Return-on-Tangible-Asset. This places Kernex Microsystems (India) in the top 12% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.07. Kernex Microsystems (India)'s value of 29.92% is 1345.4% above this benchmark. 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 Software company?
The median Return-on-Tangible-Asset among Software companies is 2.07, based on 2,891 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. Kernex Microsystems (India)'s current Return-on-Tangible-Asset of 29.92% is 1345.4% 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 Kernex Microsystems (India) and its competitors. For the Software 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. Kernex Microsystems (India)'s current Return-on-Tangible-Asset is 29.92%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kernex Microsystems (India) stock overvalued right now?
Kernex Microsystems (India) (NSE:KERNEX) has a current Return-on-Tangible-Asset of 29.92%. The current Return-on-Tangible-Asset is 29.92% and 1345.4% above the Software industry median of 2.07. Kernex Microsystems (India)'s overall GF Score™ is 44/100 with 5 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 Kernex Microsystems (India) (NSE:KERNEX), the current Return-on-Tangible-Asset is 29.92% 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.
Kernex Microsystems (India) Ltd is an India based company engaged in the manufacture and sale of Safety Systems and Software services for Railways. The company is in the business of designing, developing, and deployment of Train Collision Avoidance Systems in Indian Railways, and successfully completing the installation of automatic and semi-automatic Railway Gates. It offers products which include LxGuard, TrainSHIELD, SAFELx, SENTINEX, CASRY, KMDAX, ATRW, KTPIS, and BCPS2440. Geographically, it generates the majority of its revenue within India.
44GF Score
Get the complete analysis for NSE:KERNEX
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