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Narayana HrudayalayaNSE:NH -1.49%94 Return-on-Tangible-Asset is 8.93% as of Mar. 2026, which is 20% above its 10-year median of 7.42. GuruFocus rates NSE:NH with a GF Score™ of 94/100 and a GF Value™ of ₹2,287.25 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 680 Healthcare Providers & Services companies, Narayana Hrudayalaya ranks better than 80% 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. Narayana Hrudayalaya's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹8,955 Mil. Narayana Hrudayalaya's average total tangible assets for the quarter that ended in Mar. 2026 was ₹100,257 Mil. Therefore, Narayana Hrudayalaya's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 8.93%.
The historical rank and industry rank for Narayana Hrudayalaya's Return-on-Tangible-Asset or its related term are showing as below:
NSE:NH'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.53 Med: 7.42 Max: 17.59
Current: 9.85
During the past 13 years, Narayana Hrudayalaya's highest Return-on-Tangible-Asset was 17.59%. The lowest was -0.53%. And the median was 7.42%.
NSE:NH's Return-on-Tangible-Asset is ranked better than 80% of 680
companies
in the Healthcare Providers & Services industry
Industry Median: 2.505
vs NSE:NH: 9.85
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.
Narayana Hrudayalaya Return-on-Tangible-Asset Related Terms
Narayana Hrudayalaya Return-on-Tangible-Asset Historical Data
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The historical data trend for Narayana Hrudayalaya'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:NH vs HCA, THC, DVA: Return-on-Tangible-Asset Comparison
For the Medical Care Facilities subindustry, Narayana Hrudayalaya'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.
Narayana Hrudayalaya Return-on-Tangible-Asset vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Narayana Hrudayalaya's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Narayana Hrudayalaya'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 8.93% mean?
Narayana Hrudayalaya (NSE:NH) has a Return-on-Tangible-Asset of 8.93% 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 Narayana Hrudayalaya and its competitors. This is 20% above median its historical median of 7.42. According to the industry distribution chart, Narayana Hrudayalaya ranks #136 out of 680 companies in the Healthcare Providers & Services industry, placing it in the top 20%.
Is Narayana Hrudayalaya's Return-on-Tangible-Asset too high?
Narayana Hrudayalaya's current Return-on-Tangible-Asset of 8.93% is 20% above median its 10-year median of 7.42. The Healthcare Providers & Services industry median Return-on-Tangible-Asset is 2.51. Narayana Hrudayalaya's value of 8.93% is 256.5% above this industry median. Based on the distribution chart, Narayana Hrudayalaya ranks #136 out of 680 companies in the Healthcare Providers & Services industry, which is in the top quartile — a strong position relative to peers. Overall, Narayana Hrudayalaya has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Narayana Hrudayalaya's Return-on-Tangible-Asset compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Narayana Hrudayalaya ranks #136 out of 680 companies for Return-on-Tangible-Asset. This places Narayana Hrudayalaya in the top 20% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.51. Narayana Hrudayalaya's value of 8.93% is 256.5% above this benchmark. While the company's 10-year median is 7.42 vs. the industry median of 2.51, Narayana Hrudayalaya 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 Healthcare Providers & Services company?
The median Return-on-Tangible-Asset among Healthcare Providers & Services companies is 2.51, based on 680 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. Narayana Hrudayalaya's current Return-on-Tangible-Asset of 8.93% is 256.5% 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 Narayana Hrudayalaya and its competitors. For the Healthcare Providers & Services industry, the median Return-on-Tangible-Asset is 2.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Narayana Hrudayalaya's current Return-on-Tangible-Asset is 8.93%, which is 20% above median its own 10-year median of 7.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Narayana Hrudayalaya stock overvalued right now?
Based on GuruFocus' analysis, Narayana Hrudayalaya (NSE:NH) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹2,287.25, compared to a current price of ₹1,968.00 — trading 14% below its estimated fair value. The current Return-on-Tangible-Asset is 8.93%, which is 20% above median its 10-year median of 7.42 and 256.5% above the Healthcare Providers & Services industry median of 2.51. Narayana Hrudayalaya's overall GF Score™ is 94/100 with 2 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 Narayana Hrudayalaya (NSE:NH), the current Return-on-Tangible-Asset is 8.93% 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.
Is Narayana Hrudayalaya (NSE:NH) Overvalued in 2026?
Based on GuruFocus' analysis, Narayana Hrudayalaya stock appears to be undervalued.
The current stock price of ₹1,968.00 is trading 14% below its estimated GF Value™ of ₹2,287.25.
GuruFocus considers Narayana Hrudayalaya to be Modestly Undervalued.
Key valuation signals for NSE:NH:
Return-on-Tangible-Asset: 8.93% (20% above median its 10-year median of 7.42)
GF Value™: ₹2,287.25 vs. price of ₹1,968.00 (14% below fair value)
Industry Position: 256.5% above the Healthcare Providers & Services median (#136 of 680)
No single metric tells the full story. See the NSE:NH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Narayana Hrudayalaya Ltd is an India-based medical and healthcare service provider. The company is engaged in the business of running and operating hospitals, clinics, health centers, nursing homes, and other related activities. The Company's sole operating segment is Medical and Healthcare Related Services. It also provides surgery services such as Cardiac Surgery, nephrology, urology, neurology, neurosurgery, endocrinology, orthopaedics, internal medicine, obstetrics, gynaecology, paediatrics, neonatology, gastroenterology, and oncology. It has business operations in India and the Rest of the world, of which the maximum revenue is generated from the business operations in India.
94GF Score
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