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PIX TransmissionsNSE:PIXTRANS -1.39%90 Return-on-Tangible-Asset is 9.76% as of Mar. 2026, which is 22% below its 10-year median of 12.59. GuruFocus rates NSE:PIXTRANS with a GF Score™ of 90/100 and a GF Value™ of ₹1,555.10 (Fairly Valued). The stock has 4 warning signs investors should review. Among 3,074 Industrial Products companies, PIX Transmissions ranks better than 92.42% 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. PIX Transmissions's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹809 Mil. PIX Transmissions's average total tangible assets for the quarter that ended in Mar. 2026 was ₹8,287 Mil. Therefore, PIX Transmissions's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 9.76%.
The historical rank and industry rank for PIX Transmissions's Return-on-Tangible-Asset or its related term are showing as below:
NSE:PIXTRANS'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.77 Med: 12.59 Max: 16.6
Current: 13.78
During the past 13 years, PIX Transmissions's highest Return-on-Tangible-Asset was 16.60%. The lowest was 4.77%. And the median was 12.59%.
NSE:PIXTRANS's Return-on-Tangible-Asset is ranked better than 92.42% of 3074
companies
in the Industrial Products industry
Industry Median: 3.25
vs NSE:PIXTRANS: 13.78
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.
PIX Transmissions Return-on-Tangible-Asset Related Terms
PIX Transmissions Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for PIX Transmissions'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:PIXTRANS vs GEV, ETN, PH: Return-on-Tangible-Asset Comparison
For the Specialty Industrial Machinery subindustry, PIX Transmissions'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.
PIX Transmissions Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, PIX Transmissions's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where PIX Transmissions'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 9.76% mean?
PIX Transmissions (NSE:PIXTRANS) has a Return-on-Tangible-Asset of 9.76% 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 PIX Transmissions and its competitors. This is 22% below median its historical median of 12.59. Over the past decade, PIX Transmissions' Return-on-Tangible-Asset has ranged from 4.77 to 16.60. According to the industry distribution chart, PIX Transmissions ranks #233 out of 3074 companies in the Industrial Products industry, placing it in the top 7.6%.
Is PIX Transmissions' Return-on-Tangible-Asset too high?
PIX Transmissions' current Return-on-Tangible-Asset of 9.76% is 22% below median its 10-year median of 12.59. Over the past 10 years, this metric has ranged from a low of 4.77 to a high of 16.60. The Industrial Products industry median Return-on-Tangible-Asset is 3.25. PIX Transmissions' value of 9.76% is 200.3% above this industry median. Based on the distribution chart, PIX Transmissions ranks #233 out of 3074 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, PIX Transmissions has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PIX Transmissions' Return-on-Tangible-Asset compare to GEV and ETN?
According to the Industrial Products industry distribution chart, PIX Transmissions ranks #233 out of 3074 companies for Return-on-Tangible-Asset. This places PIX Transmissions in the top 8% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.25. PIX Transmissions' value of 9.76% is 200.3% above this benchmark. Historically, PIX Transmissions' own Return-on-Tangible-Asset has ranged from 4.77 to 16.60 over the past decade. While the company's 10-year median is 12.59 vs. the industry median of 3.25, PIX Transmissions 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 Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.25, based on 3,074 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. PIX Transmissions's current Return-on-Tangible-Asset of 9.76% is 200.3% 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 PIX Transmissions and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PIX Transmissions's current Return-on-Tangible-Asset is 9.76%, which is 22% below median its own 10-year median of 12.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PIX Transmissions stock overvalued right now?
Based on GuruFocus' analysis, PIX Transmissions (NSE:PIXTRANS) is currently considered Fairly Valued. The stock's GF Value™ is ₹1,555.10, compared to a current price of ₹1,698.60 — trading 9.2% above its estimated fair value. The current Return-on-Tangible-Asset is 9.76%, which is 22% below median its 10-year median of 12.59 and 200.3% above the Industrial Products industry median of 3.25. PIX Transmissions' overall GF Score™ is 90/100 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 PIX Transmissions (NSE:PIXTRANS), the current Return-on-Tangible-Asset is 9.76% 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 PIX Transmissions (NSE:PIXTRANS) Overvalued in 2026?
Based on GuruFocus' analysis, PIX Transmissions stock appears to be overvalued.
The current stock price of ₹1,698.60 is trading 9.2% above its estimated GF Value™ of ₹1,555.10.
GuruFocus considers PIX Transmissions to be Fairly Valued.
Key valuation signals for NSE:PIXTRANS:
Return-on-Tangible-Asset: 9.76% (22% below median its 10-year median of 12.59)
GF Value™: ₹1,555.10 vs. price of ₹1,698.60 (9.2% above fair value)
Industry Position: 200.3% above the Industrial Products median (#233 of 3074)
No single metric tells the full story. See the NSE:PIXTRANS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PIX Transmissions Ltd is engaged in the manufacturing of belts and related mechanical power transmission products in India. The company offers belt products for various sectors such as industrial, agricultural, lawn and garden, automotive, and special applications. It also offers other belts such as Ribbed / Poly-V Belts, Banded Belts, Industrial Belts, Agriculture Belts, and Others. The products of the company are sold both in the domestic and export markets, of which the exports generate maximum revenue.
90GF Score
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