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P S Raj SteelsNSE:PSRAJ -4.89%22 Return-on-Tangible-Asset is 11.67% as of Mar. 2026, which is 16% above its 10-year median of 10.05. GuruFocus rates NSE:PSRAJ with a GF Score™ of 22/100. The stock has 5 warning signs investors should review. Among 633 Steel companies, P S Raj Steels 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. P S Raj Steels's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹92 Mil. P S Raj Steels's average total tangible assets for the quarter that ended in Mar. 2026 was ₹792 Mil. Therefore, P S Raj Steels's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 11.67%.
The historical rank and industry rank for P S Raj Steels's Return-on-Tangible-Asset or its related term are showing as below:
NSE:PSRAJ'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 6.08 Med: 10.05 Max: 11.74
Current: 11.07
During the past 5 years, P S Raj Steels's highest Return-on-Tangible-Asset was 11.74%. The lowest was 6.08%. And the median was 10.05%.
NSE:PSRAJ's Return-on-Tangible-Asset is ranked better than 92.42% of 633
companies
in the Steel industry
Industry Median: 2.12
vs NSE:PSRAJ: 11.07
P S Raj Steels (NSE:PSRAJ) 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.
P S Raj Steels Return-on-Tangible-Asset Related Terms
P S Raj Steels Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for P S Raj Steels'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:PSRAJ vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, P S Raj Steels'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.
P S Raj Steels Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, P S Raj Steels's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where P S Raj Steels'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 two times the semi-annual (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 11.67% mean?
P S Raj Steels (NSE:PSRAJ) has a Return-on-Tangible-Asset of 11.67% 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 P S Raj Steels and its competitors. This is 16% above median its historical median of 10.05. Over the past decade, P S Raj Steels' Return-on-Tangible-Asset has ranged from 6.08 to 11.74. According to the industry distribution chart, P S Raj Steels ranks #48 out of 633 companies in the Steel industry, placing it in the top 7.6%.
Is P S Raj Steels' Return-on-Tangible-Asset too high?
P S Raj Steels' current Return-on-Tangible-Asset of 11.67% is 16% above median its 10-year median of 10.05. Over the past 10 years, this metric has ranged from a low of 6.08 to a high of 11.74. The Steel industry median Return-on-Tangible-Asset is 2.12. P S Raj Steels' value of 11.67% is 450.5% above this industry median. Based on the distribution chart, P S Raj Steels ranks #48 out of 633 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, P S Raj Steels has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does P S Raj Steels' Return-on-Tangible-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, P S Raj Steels ranks #48 out of 633 companies for Return-on-Tangible-Asset. This places P S Raj Steels in the top 8% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.12. P S Raj Steels' value of 11.67% is 450.5% above this benchmark. Historically, P S Raj Steels' own Return-on-Tangible-Asset has ranged from 6.08 to 11.74 over the past decade. While the company's 10-year median is 10.05 vs. the industry median of 2.12, P S Raj Steels 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 Steel company?
The median Return-on-Tangible-Asset among Steel companies is 2.12, based on 633 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. P S Raj Steels's current Return-on-Tangible-Asset of 11.67% is 450.5% 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 P S Raj Steels and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 2.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. P S Raj Steels's current Return-on-Tangible-Asset is 11.67%, which is 16% above median its own 10-year median of 10.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is P S Raj Steels stock overvalued right now?
P S Raj Steels (NSE:PSRAJ) has a current Return-on-Tangible-Asset of 11.67%. The current Return-on-Tangible-Asset is 11.67%, which is 16% above median its 10-year median of 10.05 and 450.5% above the Steel industry median of 2.12. P S Raj Steels' overall GF Score™ is 22/100 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 P S Raj Steels (NSE:PSRAJ), the current Return-on-Tangible-Asset is 11.67% 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.
P S Raj Steels Ltd manufactures and supplies stainless steel pipes and tubes in India. The company's product range includes Outer Diameter (OD) Pipes, Nominal Bore (NB) Pipes (from 3/8 inch to 18 inches), Section Pipes (square, rectangular and oval shapes) and Slotted Pipes.
22GF Score
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