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Paras Defence And Space TechnologiesNSE:PARAS +0.04%83 Return-on-Tangible-Asset is 14.44% as of Mar. 2026, which is 131% above its 10-year median of 6.25. GuruFocus rates NSE:PARAS with a GF Score™ of 83/100 and a GF Value™ of ₹846.79 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 360 Aerospace & Defense companies, Paras Defence And Space Technologies ranks better than 82.5% on this metric.
The historical rank and industry rank for Paras Defence And Space Technologies's Return-on-Tangible-Asset or its related term are showing as below:
NSE:PARAS'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.48 Med: 6.25 Max: 9.84
Current: 9.8
During the past 8 years, Paras Defence And Space Technologies's highest Return-on-Tangible-Asset was 9.84%. The lowest was 4.48%. And the median was 6.25%.
NSE:PARAS's Return-on-Tangible-Asset is ranked better than 82.5% of 360
companies
in the Aerospace & Defense industry
Industry Median: 3.04
vs NSE:PARAS: 9.80
Paras Defence And Space Technologies (NSE:PARAS) 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.
Paras Defence And Space Technologies Return-on-Tangible-Asset Related Terms
Paras Defence And Space Technologies 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.
Paras Defence And Space Technologies Return-on-Tangible-Asset Chart
NSE:PARAS vs SPCX, GE, RTX: Return-on-Tangible-Asset Comparison
For the Aerospace & Defense subindustry, Paras Defence And Space Technologies'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.
Paras Defence And Space Technologies Return-on-Tangible-Asset vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Paras Defence And Space Technologies's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Paras Defence And Space Technologies'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 14.44% mean?
Paras Defence And Space Technologies (NSE:PARAS) has a Return-on-Tangible-Asset of 14.44% 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 Paras Defence And Space Technologies and its competitors. This is 131% above median its historical median of 6.25. Over the past decade, Paras Defence And Space Technologies' Return-on-Tangible-Asset has ranged from 4.48 to 9.84. According to the industry distribution chart, Paras Defence And Space Technologies ranks #63 out of 360 companies in the Aerospace & Defense industry, placing it in the top 17.5%.
Is Paras Defence And Space Technologies' Return-on-Tangible-Asset too high?
Paras Defence And Space Technologies' current Return-on-Tangible-Asset of 14.44% is 131% above median its 10-year median of 6.25. Over the past 10 years, this metric has ranged from a low of 4.48 to a high of 9.84. The Aerospace & Defense industry median Return-on-Tangible-Asset is 3.04. Paras Defence And Space Technologies' value of 14.44% is 375% above this industry median. Based on the distribution chart, Paras Defence And Space Technologies ranks #63 out of 360 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, Paras Defence And Space Technologies has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Paras Defence And Space Technologies' Return-on-Tangible-Asset compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Paras Defence And Space Technologies ranks #63 out of 360 companies for Return-on-Tangible-Asset. This places Paras Defence And Space Technologies in the top 18% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.04. Paras Defence And Space Technologies' value of 14.44% is 375% above this benchmark. Historically, Paras Defence And Space Technologies' own Return-on-Tangible-Asset has ranged from 4.48 to 9.84 over the past decade. While the company's 10-year median is 6.25 vs. the industry median of 3.04, Paras Defence And Space Technologies 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 Aerospace & Defense company?
The median Return-on-Tangible-Asset among Aerospace & Defense companies is 3.04, based on 360 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. Paras Defence And Space Technologies's current Return-on-Tangible-Asset of 14.44% is 375% 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 Paras Defence And Space Technologies and its competitors. For the Aerospace & Defense industry, the median Return-on-Tangible-Asset is 3.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Paras Defence And Space Technologies's current Return-on-Tangible-Asset is 14.44%, which is 131% above median its own 10-year median of 6.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Paras Defence And Space Technologies stock overvalued right now?
Based on GuruFocus' analysis, Paras Defence And Space Technologies (NSE:PARAS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹846.79, compared to a current price of ₹1,223.10 — trading 44.4% above its estimated fair value. The current Return-on-Tangible-Asset is 14.44%, which is 131% above median its 10-year median of 6.25 and 375% above the Aerospace & Defense industry median of 3.04. Paras Defence And Space Technologies' overall GF Score™ is 83/100 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 Paras Defence And Space Technologies (NSE:PARAS), the current Return-on-Tangible-Asset is 14.44% 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 Paras Defence And Space Technologies (NSE:PARAS) Overvalued in 2026?
Based on GuruFocus' analysis, Paras Defence And Space Technologies stock appears to be overvalued.
The current stock price of ₹1,223.10 is trading 44.4% above its estimated GF Value™ of ₹846.79.
GuruFocus considers Paras Defence And Space Technologies to be Significantly Overvalued.
Key valuation signals for NSE:PARAS:
Return-on-Tangible-Asset: 14.44% (131% above median its 10-year median of 6.25)
GF Value™: ₹846.79 vs. price of ₹1,223.10 (44.4% above fair value)
Industry Position: 375% above the Aerospace & Defense median (#63 of 360)
No single metric tells the full story. See the NSE:PARAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Paras Defence And Space Technologies Business Description
Paras Defence And Space Technologies Ltd is engaged in the designing, developing, manufacturing, and testing of various defense and space engineering products and solutions. The company's product portfolio includes lens barrels, rugged networking and communication equipment, multifold lenses, metal mirrors, submarine winches, and mill grade control systems among others. Its operating segments are; Optics & Optronic Systems; and Defence Engineering. The maximum revenue for the company is derived from its Optics and Optronic Systems segment. Geographically, the firm generates a majority of its revenue from its customers within India and the rest from outside India through exports.
83GF Score
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