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Oil IndiaNSE:OIL -1.97%88 Return-on-Tangible-Asset is 6.84% as of Mar. 2026, which is 5% above its 10-year median of 6.51. GuruFocus rates NSE:OIL with a GF Score™ of 88/100 and a GF Value™ of ₹489.94 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,028 Oil & Gas companies, Oil India ranks better than 71.69% 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. Oil India's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹83,984 Mil. Oil India's average total tangible assets for the quarter that ended in Mar. 2026 was ₹1,228,338 Mil. Therefore, Oil India's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 6.84%.
The historical rank and industry rank for Oil India's Return-on-Tangible-Asset or its related term are showing as below:
NSE:OIL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.5 Med: 6.51 Max: 13
Current: 5.8
During the past 13 years, Oil India's highest Return-on-Tangible-Asset was 13.00%. The lowest was 3.50%. And the median was 6.51%.
NSE:OIL's Return-on-Tangible-Asset is ranked better than 71.69% of 1028
companies
in the Oil & Gas industry
Industry Median: 2.055
vs NSE:OIL: 5.80
Oil India (NSE:OIL) 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.
Oil India Return-on-Tangible-Asset Related Terms
Oil India Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Oil India'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:OIL vs XOM, CVX: Return-on-Tangible-Asset Comparison
For the Oil & Gas Integrated subindustry, Oil 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.
Oil India Return-on-Tangible-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Oil India's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Oil 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 6.84% mean?
Oil India (NSE:OIL) has a Return-on-Tangible-Asset of 6.84% 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 Oil India and its competitors. This is near median its historical median of 6.51. Over the past decade, Oil India's Return-on-Tangible-Asset has ranged from 3.50 to 13.00. According to the industry distribution chart, Oil India ranks #291 out of 1028 companies in the Oil & Gas industry, placing it in the top 28.3%.
Is Oil India's Return-on-Tangible-Asset too high?
Oil India's current Return-on-Tangible-Asset of 6.84% is near median its 10-year median of 6.51. Over the past 10 years, this metric has ranged from a low of 3.50 to a high of 13.00. The Oil & Gas industry median Return-on-Tangible-Asset is 2.06. Oil India's value of 6.84% is 232.8% above this industry median. Based on the distribution chart, Oil India ranks #291 out of 1028 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Oil India has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Oil India's Return-on-Tangible-Asset compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Oil India ranks #291 out of 1028 companies for Return-on-Tangible-Asset. This puts Oil India in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.06. Oil India's value of 6.84% is 232.8% above this benchmark. Historically, Oil India's own Return-on-Tangible-Asset has ranged from 3.50 to 13.00 over the past decade. While the company's 10-year median is 6.51 vs. the industry median of 2.06, Oil India 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 an Oil & Gas company?
The median Return-on-Tangible-Asset among Oil & Gas companies is 2.06, based on 1,028 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. Oil India's current Return-on-Tangible-Asset of 6.84% is 232.8% 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 Oil India and its competitors. For the Oil & Gas 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. Oil India's current Return-on-Tangible-Asset is 6.84%, which is near median its own 10-year median of 6.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oil India stock overvalued right now?
Based on GuruFocus' analysis, Oil India (NSE:OIL) is currently considered Fairly Valued. The stock's GF Value™ is ₹489.94, compared to a current price of ₹449.75 — trading 8.2% below its estimated fair value. The current Return-on-Tangible-Asset is 6.84%, which is near median its 10-year median of 6.51 and 232.8% above the Oil & Gas industry median of 2.06. Oil India's overall GF Score™ is 88/100 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 Oil India (NSE:OIL), the current Return-on-Tangible-Asset is 6.84% 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 Oil India (NSE:OIL) Overvalued in 2026?
Based on GuruFocus' analysis, Oil India stock appears to be undervalued.
The current stock price of ₹449.75 is trading 8.2% below its estimated GF Value™ of ₹489.94.
GuruFocus considers Oil India to be Fairly Valued.
Key valuation signals for NSE:OIL:
Return-on-Tangible-Asset: 6.84% (near median its 10-year median of 6.51)
GF Value™: ₹489.94 vs. price of ₹449.75 (8.2% below fair value)
Industry Position: 232.8% above the Oil & Gas median (#291 of 1028)
No single metric tells the full story. See the NSE:OIL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Oil India Ltd is mainly engaged in exploration, development, and production of products such as crude oil, natural gas, condensate, petroleum products, LPG, and providing services such as pipeline transportation services, City Gas Distribution (CGD), and generation of renewable energy. The group has adopted its products and services (viz. Crude Oil, Natural Gas, Petroleum Products, LPG, Pipeline Transportation, Renewable Energy, and Others) as the primary reporting segments. Maximum revenue for the group is generated from the sale of Refinery Products.
88GF Score
Get the complete analysis for NSE:OIL
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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