Pearl Global Industries (NSE:PGIL) Return-on-Tangible-Asset: 12.50% (As of Jun. 2026) — 119% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:PGIL Pearl Global Industries Ltd NSE:PGIL
75 GF Score
Price ₹2,377.60
GF Value ₹1,510.97
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Pearl Global Industries Return-on-Tangible-Asset?

Pearl Global Industries NSE:PGIL -1.50% 75 Return-on-Tangible-Asset is 12.50% as of Jun. 2026, which is 119% above its 10-year median of 5.70. GuruFocus rates NSE:PGIL with a GF Score™ of 75/100 and a GF Value™ of ₹1,510.97 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,065 Manufacturing - Apparel & Accessories companies, Pearl Global Industries ranks better than 89.77% 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. Pearl Global Industries's annualized Net Income for the quarter that ended in Jun. 2026 was ₹4,020 Mil. Pearl Global Industries's average total tangible assets for the quarter that ended in Jun. 2026 was ₹32,157 Mil. Therefore, Pearl Global Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 12.50%.

The historical rank and industry rank for Pearl Global Industries's Return-on-Tangible-Asset or its related term are showing as below:

NSE:PGIL' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.38   Med: 5.7   Max: 10.96
Current: 10.9

During the past 13 years, Pearl Global Industries's highest Return-on-Tangible-Asset was 10.96%. The lowest was 1.38%. And the median was 5.70%.

NSE:PGIL's Return-on-Tangible-Asset is ranked better than
89.77% of 1065 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.32 vs NSE:PGIL: 10.90

Pearl Global Industries  (NSE:PGIL) 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 company’s 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 company’s 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.


Pearl Global Industries Return-on-Tangible-Asset Related Terms


Pearl Global Industries Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Pearl Global Industries'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.

Pearl Global Industries Return-on-Tangible-Asset Chart

Pearl Global Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.49 8.48 9.40 10.96 9.60

Pearl Global Industries Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.55 10.64 7.73 10.36 12.50

NSE:PGIL vs RL, LEVI, VFC: Return-on-Tangible-Asset Comparison

For the Apparel Manufacturing subindustry, Pearl Global Industries'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.


Pearl Global Industries Return-on-Tangible-Asset vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Pearl Global Industries's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Pearl Global Industries's Return-on-Tangible-Asset falls into.


NSE:PGIL
75GF Score
Pearl Global Industries Ltd NSE:PGIL
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pearl Global Industries Return-on-Tangible-Asset Calculation

Pearl Global Industries's annualized Return-on-Tangible-Asset for the fiscal year that ended in Mar. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=2776.538/( (25707.364+32157.198)/ 2 )
=2776.538/28932.281
=9.60 %

Pearl Global Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jun. 2026 )  (Q: Mar. 2026 )(Q: Jun. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jun. 2026 )  (Q: Mar. 2026 )(Q: Jun. 2026 )
=4020.276/( (32157.198+0)/ 1 )
=4020.276/32157.198
=12.50 %

* 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 12.50% mean?
Pearl Global Industries (NSE:PGIL) has a Return-on-Tangible-Asset of 12.50% 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 Pearl Global Industries and its competitors. This is 119% above median its historical median of 5.70. Over the past decade, Pearl Global Industries' Return-on-Tangible-Asset has ranged from 1.38 to 10.96. According to the industry distribution chart, Pearl Global Industries ranks #109 out of 1065 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 10.2%.
Is Pearl Global Industries' Return-on-Tangible-Asset too high?
Pearl Global Industries' current Return-on-Tangible-Asset of 12.50% is 119% above median its 10-year median of 5.70. Over the past 10 years, this metric has ranged from a low of 1.38 to a high of 10.96. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Asset is 2.32. Pearl Global Industries' value of 12.50% is 438.8% above this industry median. Based on the distribution chart, Pearl Global Industries ranks #109 out of 1065 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Pearl Global Industries has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pearl Global Industries' Return-on-Tangible-Asset compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Pearl Global Industries ranks #109 out of 1065 companies for Return-on-Tangible-Asset. This places Pearl Global Industries in the top 10% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.32. Pearl Global Industries' value of 12.50% is 438.8% above this benchmark. Historically, Pearl Global Industries' own Return-on-Tangible-Asset has ranged from 1.38 to 10.96 over the past decade. While the company's 10-year median is 5.70 vs. the industry median of 2.32, Pearl Global Industries 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 Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Asset among Manufacturing - Apparel & Accessories companies is 2.32, based on 1,065 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. Pearl Global Industries's current Return-on-Tangible-Asset of 12.50% is 438.8% 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 Pearl Global Industries and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Asset is 2.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pearl Global Industries's current Return-on-Tangible-Asset is 12.50%, which is 119% above median its own 10-year median of 5.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pearl Global Industries stock overvalued right now?
Based on GuruFocus' analysis, Pearl Global Industries (NSE:PGIL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹1,510.97, compared to a current price of ₹2,377.60 — trading 57.4% above its estimated fair value. The current Return-on-Tangible-Asset is 12.50%, which is 119% above median its 10-year median of 5.70 and 438.8% above the Manufacturing - Apparel & Accessories industry median of 2.32. Pearl Global Industries' overall GF Score™ is 75/100 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 Pearl Global Industries (NSE:PGIL), the current Return-on-Tangible-Asset is 12.50% 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 Pearl Global Industries (NSE:PGIL) Overvalued in 2026?

Based on GuruFocus' analysis, Pearl Global Industries stock appears to be overvalued. The current stock price of ₹2,377.60 is trading 57.4% above its estimated GF Value™ of ₹1,510.97. GuruFocus considers Pearl Global Industries to be Significantly Overvalued.

Key valuation signals for NSE:PGIL:

  • Return-on-Tangible-Asset: 12.50% (119% above median its 10-year median of 5.70)
  • GF Value™: ₹1,510.97 vs. price of ₹2,377.60 (57.4% above fair value)
  • GF Score™: 75/100 with 5 warning signs
  • Industry Position: 438.8% above the Manufacturing - Apparel & Accessories median (#109 of 1065)

No single metric tells the full story. See the NSE:PGIL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Pearl Global Industries Business Description

Other Exchanges 532808:India
Address Sector - 32, Plot No. 51, Pearl Tower, Gurugram, HR, IND, 122001
Pearl Global Industries Ltd is engaged in the manufacturing, sourcing, distribution, and export of ready-to-wear apparel through its domestic and global facilities and operations. The geographical segments of the company include Hong Kong, Bangladesh, India, and Others. The company earns majority of its revenue outside India. The company's product range comprises of knits, woven and bottoms across men, women, and kids wear segments.
75GF Score

Get the complete analysis for NSE:PGIL

Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹2,377.60
Price
₹1,510.97
GF Value