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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.
Pulz ElectronicsNSE:PULZ +2.15%77 Return-on-Tangible-Asset is 13.83% as of Mar. 2026, which is 26% above its 10-year median of 10.99. GuruFocus rates NSE:PULZ with a GF Score™ of 77/100 and a GF Value™ of ₹39.77 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 2,499 Hardware companies, Pulz Electronics ranks better than 88.24% 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. Pulz Electronics's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹57.1 Mil. Pulz Electronics's average total tangible assets for the quarter that ended in Mar. 2026 was ₹413.0 Mil. Therefore, Pulz Electronics's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 13.83%.
The historical rank and industry rank for Pulz Electronics's Return-on-Tangible-Asset or its related term are showing as below:
NSE:PULZ'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.6 Med: 10.99 Max: 25.33
Current: 11.42
During the past 13 years, Pulz Electronics's highest Return-on-Tangible-Asset was 25.33%. The lowest was -1.60%. And the median was 10.99%.
NSE:PULZ's Return-on-Tangible-Asset is ranked better than 88.24% of 2499
companies
in the Hardware industry
Industry Median: 2.69
vs NSE:PULZ: 11.42
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.
Pulz Electronics Return-on-Tangible-Asset Related Terms
Pulz Electronics Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Pulz Electronics'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:PULZ vs AAPL: Return-on-Tangible-Asset Comparison
For the Consumer Electronics subindustry, Pulz Electronics'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.
Pulz Electronics Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Pulz Electronics's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Pulz Electronics'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 13.83% mean?
Pulz Electronics (NSE:PULZ) has a Return-on-Tangible-Asset of 13.83% 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 Pulz Electronics and its competitors. This is 26% above median its historical median of 10.99. According to the industry distribution chart, Pulz Electronics ranks #294 out of 2499 companies in the Hardware industry, placing it in the top 11.8%.
Is Pulz Electronics' Return-on-Tangible-Asset too high?
Pulz Electronics' current Return-on-Tangible-Asset of 13.83% is 26% above median its 10-year median of 10.99. The Hardware industry median Return-on-Tangible-Asset is 2.69. Pulz Electronics' value of 13.83% is 414.1% above this industry median. Based on the distribution chart, Pulz Electronics ranks #294 out of 2499 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Pulz Electronics has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pulz Electronics' Return-on-Tangible-Asset compare to AAPL?
According to the Hardware industry distribution chart, Pulz Electronics ranks #294 out of 2499 companies for Return-on-Tangible-Asset. This places Pulz Electronics in the top 12% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.69. Pulz Electronics' value of 13.83% is 414.1% above this benchmark. While the company's 10-year median is 10.99 vs. the industry median of 2.69, Pulz Electronics 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 Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.69, based on 2,499 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. Pulz Electronics's current Return-on-Tangible-Asset of 13.83% is 414.1% 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 Pulz Electronics and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pulz Electronics's current Return-on-Tangible-Asset is 13.83%, which is 26% above median its own 10-year median of 10.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pulz Electronics stock overvalued right now?
Based on GuruFocus' analysis, Pulz Electronics (NSE:PULZ) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹39.77, compared to a current price of ₹23.75 — trading 40.3% below its estimated fair value. The current Return-on-Tangible-Asset is 13.83%, which is 26% above median its 10-year median of 10.99 and 414.1% above the Hardware industry median of 2.69. Pulz Electronics' overall GF Score™ is 77/100 with 2 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 Pulz Electronics (NSE:PULZ), the current Return-on-Tangible-Asset is 13.83% 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 Pulz Electronics (NSE:PULZ) Overvalued in 2026?
Based on GuruFocus' analysis, Pulz Electronics stock appears to be undervalued.
The current stock price of ₹23.75 is trading 40.3% below its estimated GF Value™ of ₹39.77.
GuruFocus considers Pulz Electronics to be Significantly Undervalued.
Key valuation signals for NSE:PULZ:
Return-on-Tangible-Asset: 13.83% (26% above median its 10-year median of 10.99)
GF Value™: ₹39.77 vs. price of ₹23.75 (40.3% below fair value)
Industry Position: 414.1% above the Hardware median (#294 of 2499)
No single metric tells the full story. See the NSE:PULZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pulz Electronics Ltd develops, manufactures, and sells audio systems and solutions to the cinema, pro-audio, studio, and home audio industries in India and internationally. The technologies offered by the company include Line Source, IsoWave, WaveDrive, AeroWave, and Point Source Precision. The company's business falls within a single business segment of Audio Systems. Geographically, the company generates the majority of its revenue from India.
77GF Score
Get the complete analysis for NSE:PULZ
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