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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. The New India Assurance Co's annualizedNet Income for the quarter that ended in Jun. 2026 was ₹-9,706 Mil. The New India Assurance Co's average total tangible assets for the quarter that ended in Jun. 2026 was ₹1,102,786 Mil. Therefore, The New India Assurance Co's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was -0.88%.
The historical rank and industry rank for The New India Assurance Co's Return-on-Tangible-Asset or its related term are showing as below:
NSE:NIACL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.21 Med: 1.19 Max: 3
Current: 0.7
During the past 13 years, The New India Assurance Co's highest Return-on-Tangible-Asset was 3.00%. The lowest was 0.21%. And the median was 1.19%.
NSE:NIACL's Return-on-Tangible-Asset is ranked worse than 78.81% of 505
companies
in the Insurance industry
Industry Median: 2.78
vs NSE:NIACL: 0.70
The New India Assurance Co (NSE:NIACL) 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.
The New India Assurance Co Return-on-Tangible-Asset Related Terms
The New India Assurance Co 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.
The New India Assurance Co Return-on-Tangible-Asset Chart
NSE:NIACL vs BRK.A, AIG, HIG: Return-on-Tangible-Asset Comparison
For the Insurance - Diversified subindustry, The New India Assurance Co'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.
The New India Assurance Co Return-on-Tangible-Asset vs Insurance Industry
For the Insurance industry and Financial Services sector, The New India Assurance Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where The New India Assurance Co'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 -0.88% mean?
The New India Assurance Co (NSE:NIACL) has a Return-on-Tangible-Asset of -0.88% 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 The New India Assurance Co and its competitors. Over the past decade, The New India Assurance Co's Return-on-Tangible-Asset has ranged from 0.21 to 3.00. According to the industry distribution chart, The New India Assurance Co ranks #398 out of 505 companies in the Insurance industry, placing it in the top 78.8%.
Is The New India Assurance Co's Return-on-Tangible-Asset too high?
The New India Assurance Co's current Return-on-Tangible-Asset is -0.88%. Over the past 10 years, this metric has ranged from a low of 0.21 to a high of 3.00. Based on the distribution chart, The New India Assurance Co ranks #398 out of 505 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, The New India Assurance Co has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does The New India Assurance Co's Return-on-Tangible-Asset compare to BRK.A and AIG?
According to the Insurance industry distribution chart, The New India Assurance Co ranks #398 out of 505 companies for Return-on-Tangible-Asset. This places The New India Assurance Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.78. Historically, The New India Assurance Co's own Return-on-Tangible-Asset has ranged from 0.21 to 3.00 over the past decade. 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 an Insurance company?
The median Return-on-Tangible-Asset among Insurance companies is 2.78, based on 505 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. 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 The New India Assurance Co and its competitors. For the Insurance industry, the median Return-on-Tangible-Asset is 2.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The New India Assurance Co's current Return-on-Tangible-Asset is -0.88%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The New India Assurance Co stock overvalued right now?
Based on GuruFocus' analysis, The New India Assurance Co (NSE:NIACL) is currently considered Fairly Valued. The stock's GF Value™ is ₹200.19, compared to a current price of ₹184.13 — trading 8% below its estimated fair value. The current Return-on-Tangible-Asset is -0.88%. The New India Assurance Co's overall GF Score™ is 76/100 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 The New India Assurance Co (NSE:NIACL), the current Return-on-Tangible-Asset is -0.88% 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 The New India Assurance Co (NSE:NIACL) Overvalued in 2026?
Based on GuruFocus' analysis, The New India Assurance Co stock appears to be undervalued.
The current stock price of ₹184.13 is trading 8% below its estimated GF Value™ of ₹200.19.
GuruFocus considers The New India Assurance Co to be Fairly Valued.
Key valuation signals for NSE:NIACL:
Return-on-Tangible-Asset: -0.88%
GF Value™: ₹200.19 vs. price of ₹184.13 (8% below fair value)
No single metric tells the full story. See the NSE:NIACL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The New India Assurance Co Ltd is a general insurance company in India. Its divisions include fire insurance, marine insurance, motor insurance, travel insurance, property insurance, aviation, engineering, accident and health insurance, and other lines of business.
76GF Score
Get the complete analysis for NSE:NIACL
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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