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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. Oil Country Tubular's annualizedNet Income for the quarter that ended in Jun. 2026 was ₹-604.3 Mil. Oil Country Tubular's average total tangible assets for the quarter that ended in Jun. 2026 was ₹3,136.0 Mil. Therefore, Oil Country Tubular's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was -19.27%.
The historical rank and industry rank for Oil Country Tubular's Return-on-Tangible-Asset or its related term are showing as below:
NSE:OILCOUNTUB'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -27.72 Med: -19.72 Max: 28.25
Current: -19.55
During the past 13 years, Oil Country Tubular's highest Return-on-Tangible-Asset was 28.25%. The lowest was -27.72%. And the median was -19.72%.
NSE:OILCOUNTUB's Return-on-Tangible-Asset is ranked worse than 85.38% of 1033
companies
in the Oil & Gas industry
Industry Median: 2.14
vs NSE:OILCOUNTUB: -19.55
Oil Country Tubular (NSE:OILCOUNTUB) 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 Country Tubular Return-on-Tangible-Asset Related Terms
Oil Country Tubular Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Oil Country Tubular'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.
Oil Country Tubular Return-on-Tangible-Asset Chart
NSE:OILCOUNTUB vs SLB, BKR, FTI: Return-on-Tangible-Asset Comparison
For the Oil & Gas Equipment & Services subindustry, Oil Country Tubular'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 Country Tubular Return-on-Tangible-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Oil Country Tubular's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Oil Country Tubular'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 -19.27% mean?
Oil Country Tubular (NSE:OILCOUNTUB) has a Return-on-Tangible-Asset of -19.27% 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 Oil Country Tubular and its competitors. According to the industry distribution chart, Oil Country Tubular ranks #882 out of 1033 companies in the Oil & Gas industry, placing it in the top 85.4%.
Is Oil Country Tubular's Return-on-Tangible-Asset too high?
Oil Country Tubular's current Return-on-Tangible-Asset is -19.27%. Based on the distribution chart, Oil Country Tubular ranks #882 out of 1033 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Oil Country Tubular has a GF Score™ of 50/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Oil Country Tubular's Return-on-Tangible-Asset compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Oil Country Tubular ranks #882 out of 1033 companies for Return-on-Tangible-Asset. This places Oil Country Tubular in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.14. 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 2.14, based on 1,033 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 Oil Country Tubular and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Asset is 2.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oil Country Tubular's current Return-on-Tangible-Asset is -19.27%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oil Country Tubular stock overvalued right now?
Based on GuruFocus' analysis, Oil Country Tubular (NSE:OILCOUNTUB) is currently considered Fairly Valued. The stock's GF Value™ is ₹65.18, compared to a current price of ₹60.73 — trading 6.8% below its estimated fair value. The current Return-on-Tangible-Asset is -19.27%. Oil Country Tubular's overall GF Score™ is 50/100 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 Oil Country Tubular (NSE:OILCOUNTUB), the current Return-on-Tangible-Asset is -19.27% 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 Oil Country Tubular (NSE:OILCOUNTUB) Overvalued in 2026?
Based on GuruFocus' analysis, Oil Country Tubular stock appears to be undervalued.
The current stock price of ₹60.73 is trading 6.8% below its estimated GF Value™ of ₹65.18.
GuruFocus considers Oil Country Tubular to be Fairly Valued.
Key valuation signals for NSE:OILCOUNTUB:
Return-on-Tangible-Asset: -19.27%
GF Value™: ₹65.18 vs. price of ₹60.73 (6.8% below fair value)
No single metric tells the full story. See the NSE:OILCOUNTUB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Oil Country Tubular Ltd is an Indian firm. It is engaged in the business of manufacturing of Casing, Tubing, and Drill Pipe which are used in the Oil and Gas Sector for the drilling and exploration of Oil and Gas. Its product and service offerings are Drill Pipe, Heavy Weight Drill Pipe, Drill Collars, Kellys, Internal Plastic Coating of Drill Pipe and Tubing, and Field Inspection of Tubulars. It serves domestically and exports to Indonesia. It generates maximum revenue by providing OCTG services.
50GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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