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LTMNSE:LTM +3.19%90 Return-on-Tangible-Asset is 16.41% as of Jun. 2026, which is 24% below its 10-year median of 21.64. GuruFocus rates NSE:LTM with a GF Score™ of 90/100 and a GF Value™ of ₹6,275.27 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 2,892 Software companies, LTM ranks better than 87.34% 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. LTM's annualizedNet Income for the quarter that ended in Jun. 2026 was ₹58,652 Mil. LTM's average total tangible assets for the quarter that ended in Jun. 2026 was ₹357,363 Mil. Therefore, LTM's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 16.41%.
The historical rank and industry rank for LTM's Return-on-Tangible-Asset or its related term are showing as below:
NSE:LTM'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 15.45 Med: 21.64 Max: 27.99
Current: 15.88
During the past 13 years, LTM's highest Return-on-Tangible-Asset was 27.99%. The lowest was 15.45%. And the median was 21.64%.
NSE:LTM's Return-on-Tangible-Asset is ranked better than 87.34% of 2892
companies
in the Software industry
Industry Median: 2.055
vs NSE:LTM: 15.88
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.
LTM Return-on-Tangible-Asset Related Terms
LTM Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for LTM'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:LTM vs IBM, ACN, FISV: Return-on-Tangible-Asset Comparison
For the Information Technology Services subindustry, LTM'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.
LTM Return-on-Tangible-Asset vs Software Industry
For the Software industry and Technology sector, LTM's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where LTM'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 16.41% mean?
LTM (NSE:LTM) has a Return-on-Tangible-Asset of 16.41% 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 LTM and its competitors. This is 24% below median its historical median of 21.64. Over the past decade, LTM's Return-on-Tangible-Asset has ranged from 15.45 to 27.99. According to the industry distribution chart, LTM ranks #366 out of 2892 companies in the Software industry, placing it in the top 12.7%.
Is LTM's Return-on-Tangible-Asset too high?
LTM's current Return-on-Tangible-Asset of 16.41% is 24% below median its 10-year median of 21.64. Over the past 10 years, this metric has ranged from a low of 15.45 to a high of 27.99. The Software industry median Return-on-Tangible-Asset is 2.06. LTM's value of 16.41% is 698.5% above this industry median. Based on the distribution chart, LTM ranks #366 out of 2892 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, LTM has a GF Score™ of 90/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does LTM's Return-on-Tangible-Asset compare to IBM and ACN?
According to the Software industry distribution chart, LTM ranks #366 out of 2892 companies for Return-on-Tangible-Asset. This places LTM in the top 13% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.06. LTM's value of 16.41% is 698.5% above this benchmark. Historically, LTM's own Return-on-Tangible-Asset has ranged from 15.45 to 27.99 over the past decade. While the company's 10-year median is 21.64 vs. the industry median of 2.06, LTM 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 Software company?
The median Return-on-Tangible-Asset among Software companies is 2.06, based on 2,892 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. LTM's current Return-on-Tangible-Asset of 16.41% is 698.5% 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 LTM and its competitors. For the Software industry, the median Return-on-Tangible-Asset is 2.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. LTM's current Return-on-Tangible-Asset is 16.41%, which is 24% below median its own 10-year median of 21.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LTM stock overvalued right now?
Based on GuruFocus' analysis, LTM (NSE:LTM) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹6,275.27, compared to a current price of ₹4,091.80 — trading 34.8% below its estimated fair value. The current Return-on-Tangible-Asset is 16.41%, which is 24% below median its 10-year median of 21.64 and 698.5% above the Software industry median of 2.06. LTM's overall GF Score™ is 90/100 with 3 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 LTM (NSE:LTM), the current Return-on-Tangible-Asset is 16.41% 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 LTM (NSE:LTM) Overvalued in 2026?
Based on GuruFocus' analysis, LTM stock appears to be undervalued.
The current stock price of ₹4,091.80 is trading 34.8% below its estimated GF Value™ of ₹6,275.27.
GuruFocus considers LTM to be Significantly Undervalued.
Key valuation signals for NSE:LTM:
Return-on-Tangible-Asset: 16.41% (24% below median its 10-year median of 21.64)
GF Value™: ₹6,275.27 vs. price of ₹4,091.80 (34.8% below fair value)
Industry Position: 698.5% above the Software median (#366 of 2892)
No single metric tells the full story. See the NSE:LTM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
LTM Ltd is a technology services and consulting company. It offers a range of IT services like agile, analytics and information management, application development, maintenance and outsourcing, enterprise solutions, infrastructure management services, testing, digital solutions, and platform-based solutions to the clients in diverse industries. The company has identified (i) Banking, Financial Services & Insurance, (ii) Technology, Media & Communications, (iii) Manufacturing & Resources, (iv) Consumer Business, and (v) Healthcare, Life Sciences & Public Services as reportable segments. The majority of revenue is derived from the Banking, Financial Services & Insurance segment. Geographically, the maximum revenue is generated from North America, followed by Europe and the rest of the World.
90GF Score
Get the complete analysis for NSE:LTM
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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