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North Eastern CarryingNSE:NECCLTD -3.78%72 Return-on-Tangible-Asset is 2.17% as of Jun. 2026, which is 19% below its 10-year median of 2.67. GuruFocus rates NSE:NECCLTD with a GF Score™ of 72/100 and a GF Value™ of ₹19.37 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,015 Transportation companies, North Eastern Carrying ranks worse than 63.05% 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. North Eastern Carrying's annualizedNet Income for the quarter that ended in Jun. 2026 was ₹80 Mil. North Eastern Carrying's average total tangible assets for the quarter that ended in Jun. 2026 was ₹3,702 Mil. Therefore, North Eastern Carrying's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 2.17%.
The historical rank and industry rank for North Eastern Carrying's Return-on-Tangible-Asset or its related term are showing as below:
NSE:NECCLTD'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.74 Med: 2.67 Max: 3.44
Current: 2.22
During the past 13 years, North Eastern Carrying's highest Return-on-Tangible-Asset was 3.44%. The lowest was 0.74%. And the median was 2.67%.
NSE:NECCLTD's Return-on-Tangible-Asset is ranked worse than 63.05% of 1015
companies
in the Transportation industry
Industry Median: 3.79
vs NSE:NECCLTD: 2.22
North Eastern Carrying (NSE:NECCLTD) Return-on-Tangible-Asset Explanation
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.
North Eastern Carrying Return-on-Tangible-Asset Related Terms
North Eastern Carrying Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for North Eastern Carrying'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.
North Eastern Carrying Return-on-Tangible-Asset Chart
NSE:NECCLTD vs ODFL, XPO, KNX: Return-on-Tangible-Asset Comparison
For the Trucking subindustry, North Eastern Carrying'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.
North Eastern Carrying Return-on-Tangible-Asset vs Transportation Industry
For the Transportation industry and Industrials sector, North Eastern Carrying's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where North Eastern Carrying'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 2.17% mean?
North Eastern Carrying (NSE:NECCLTD) has a Return-on-Tangible-Asset of 2.17% 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 North Eastern Carrying and its competitors. This is 19% below median its historical median of 2.67. Over the past decade, North Eastern Carrying's Return-on-Tangible-Asset has ranged from 0.74 to 3.44. According to the industry distribution chart, North Eastern Carrying ranks #640 out of 1015 companies in the Transportation industry, placing it in the top 63.1%.
Is North Eastern Carrying's Return-on-Tangible-Asset too high?
North Eastern Carrying's current Return-on-Tangible-Asset of 2.17% is 19% below median its 10-year median of 2.67. Over the past 10 years, this metric has ranged from a low of 0.74 to a high of 3.44. The Transportation industry median Return-on-Tangible-Asset is 3.79. North Eastern Carrying's value of 2.17% is 42.7% below this industry median. Based on the distribution chart, North Eastern Carrying ranks #640 out of 1015 companies in the Transportation industry, which is below the industry midpoint. Overall, North Eastern Carrying has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does North Eastern Carrying's Return-on-Tangible-Asset compare to ODFL and XPO?
According to the Transportation industry distribution chart, North Eastern Carrying ranks #640 out of 1015 companies for Return-on-Tangible-Asset. This places North Eastern Carrying in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.79. North Eastern Carrying's value of 2.17% is 42.7% below this benchmark. Historically, North Eastern Carrying's own Return-on-Tangible-Asset has ranged from 0.74 to 3.44 over the past decade. While the company's 10-year median is 2.67 vs. the industry median of 3.79, North Eastern Carrying 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 a Transportation company?
The median Return-on-Tangible-Asset among Transportation companies is 3.79, based on 1,015 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. North Eastern Carrying's current Return-on-Tangible-Asset of 2.17% is 42.7% 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 North Eastern Carrying and its competitors. For the Transportation industry, the median Return-on-Tangible-Asset is 3.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. North Eastern Carrying's current Return-on-Tangible-Asset is 2.17%, which is 19% below median its own 10-year median of 2.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is North Eastern Carrying stock overvalued right now?
Based on GuruFocus' analysis, North Eastern Carrying (NSE:NECCLTD) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹19.37, compared to a current price of ₹16.27 — trading 16% below its estimated fair value. The current Return-on-Tangible-Asset is 2.17%, which is 19% below median its 10-year median of 2.67 and 42.7% below the Transportation industry median of 3.79. North Eastern Carrying's overall GF Score™ is 72/100 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 North Eastern Carrying (NSE:NECCLTD), the current Return-on-Tangible-Asset is 2.17% 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 North Eastern Carrying (NSE:NECCLTD) Overvalued in 2026?
Based on GuruFocus' analysis, North Eastern Carrying stock appears to be undervalued.
The current stock price of ₹16.27 is trading 16% below its estimated GF Value™ of ₹19.37.
GuruFocus considers North Eastern Carrying to be Modestly Undervalued.
Key valuation signals for NSE:NECCLTD:
Return-on-Tangible-Asset: 2.17% (19% below median its 10-year median of 2.67)
GF Value™: ₹19.37 vs. price of ₹16.27 (16% below fair value)
Industry Position: 42.7% below the Transportation median (#640 of 1015)
No single metric tells the full story. See the NSE:NECCLTD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
North Eastern Carrying Corp Ltd is engaged in the business of transportation. The Company offers freight management and customized logistics solutions. the company also offers Parcel load movement, Full truckload services, containerized movement of cargo, ODC Movement, Bulk Movement: Storage facility, and other transport-related services. Geographically, the company has a presence in Nepal and operational setups in Bhutan and Bangladesh. It generates substantial revenue from Freight.
72GF Score
Get the complete analysis for NSE:NECCLTD
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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