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Race Eco ChainNSE:RACE -3.66%77 Return-on-Tangible-Asset is 3.45% as of Mar. 2026, which is 34% above its 10-year median of 2.57. GuruFocus rates NSE:RACE with a GF Score™ of 77/100 and a GF Value™ of ₹557.45 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 245 Waste Management companies, Race Eco Chain ranks better than 56.73% 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. Race Eco Chain's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹74 Mil. Race Eco Chain's average total tangible assets for the quarter that ended in Mar. 2026 was ₹2,154 Mil. Therefore, Race Eco Chain's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 3.45%.
The historical rank and industry rank for Race Eco Chain's Return-on-Tangible-Asset or its related term are showing as below:
NSE:RACE'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.12 Med: 2.57 Max: 3.4
Current: 3.38
During the past 13 years, Race Eco Chain's highest Return-on-Tangible-Asset was 3.40%. The lowest was 0.12%. And the median was 2.57%.
NSE:RACE's Return-on-Tangible-Asset is ranked better than 56.73% of 245
companies
in the Waste Management industry
Industry Median: 1.94
vs NSE:RACE: 3.38
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.
Race Eco Chain Return-on-Tangible-Asset Related Terms
Race Eco Chain Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Race Eco Chain'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:RACE vs WM, RSG, WCN: Return-on-Tangible-Asset Comparison
For the Waste Management subindustry, Race Eco Chain'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.
Race Eco Chain Return-on-Tangible-Asset vs Waste Management Industry
For the Waste Management industry and Industrials sector, Race Eco Chain's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Race Eco Chain'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 3.45% mean?
Race Eco Chain (NSE:RACE) has a Return-on-Tangible-Asset of 3.45% 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 Race Eco Chain and its competitors. This is 34% above median its historical median of 2.57. Over the past decade, Race Eco Chain's Return-on-Tangible-Asset has ranged from 0.12 to 3.40. According to the industry distribution chart, Race Eco Chain ranks #106 out of 245 companies in the Waste Management industry, placing it in the top 43.3%.
Is Race Eco Chain's Return-on-Tangible-Asset too high?
Race Eco Chain's current Return-on-Tangible-Asset of 3.45% is 34% above median its 10-year median of 2.57. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 3.40. The Waste Management industry median Return-on-Tangible-Asset is 1.94. Race Eco Chain's value of 3.45% is 77.8% above this industry median. Based on the distribution chart, Race Eco Chain ranks #106 out of 245 companies in the Waste Management industry, which is above the industry midpoint. Overall, Race Eco Chain has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Race Eco Chain's Return-on-Tangible-Asset compare to WM and RSG?
According to the Waste Management industry distribution chart, Race Eco Chain ranks #106 out of 245 companies for Return-on-Tangible-Asset. This puts Race Eco Chain in the upper half of its industry. The industry median Return-on-Tangible-Asset is 1.94. Race Eco Chain's value of 3.45% is 77.8% above this benchmark. Historically, Race Eco Chain's own Return-on-Tangible-Asset has ranged from 0.12 to 3.40 over the past decade. While the company's 10-year median is 2.57 vs. the industry median of 1.94, Race Eco Chain 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 Waste Management company?
The median Return-on-Tangible-Asset among Waste Management companies is 1.94, based on 245 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. Race Eco Chain's current Return-on-Tangible-Asset of 3.45% is 77.8% 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 Race Eco Chain and its competitors. For the Waste Management industry, the median Return-on-Tangible-Asset is 1.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Race Eco Chain's current Return-on-Tangible-Asset is 3.45%, which is 34% above median its own 10-year median of 2.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Race Eco Chain stock overvalued right now?
Based on GuruFocus' analysis, Race Eco Chain (NSE:RACE) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹557.45, compared to a current price of ₹108.06 — trading 80.6% below its estimated fair value. The current Return-on-Tangible-Asset is 3.45%, which is 34% above median its 10-year median of 2.57 and 77.8% above the Waste Management industry median of 1.94. Race Eco Chain's overall GF Score™ is 77/100 with 3 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 Race Eco Chain (NSE:RACE), the current Return-on-Tangible-Asset is 3.45% 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 Race Eco Chain (NSE:RACE) Overvalued in 2026?
Based on GuruFocus' analysis, Race Eco Chain stock appears to be undervalued.
The current stock price of ₹108.06 is trading 80.6% below its estimated GF Value™ of ₹557.45.
GuruFocus considers Race Eco Chain to be Significantly Undervalued.
Key valuation signals for NSE:RACE:
Return-on-Tangible-Asset: 3.45% (34% above median its 10-year median of 2.57)
GF Value™: ₹557.45 vs. price of ₹108.06 (80.6% below fair value)
Industry Position: 77.8% above the Waste Management median (#106 of 245)
No single metric tells the full story. See the NSE:RACE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Race Eco Chain Ltd is engaged in the collection and supply of recyclable waste to recyclers who eventually convert the waste into useful products. It is also involved in the manufacturing of recycled products. The company's segments are Recycle Division; Restore Division; Biomass Division and It Division. It generates the majority of its revenue from the Recycle Division.
77GF Score
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