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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.
Smartlink HoldingsNSE:SMARTLINK -1.16%79 Return-on-Tangible-Asset is 7.42% as of Jun. 2026, which is 186% above its 10-year median of 2.59. GuruFocus rates NSE:SMARTLINK with a GF Score™ of 79/100 and a GF Value™ of ₹250.57 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 2,500 Hardware companies, Smartlink Holdings ranks better than 69.4% 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. Smartlink Holdings's annualizedNet Income for the quarter that ended in Jun. 2026 was ₹224 Mil. Smartlink Holdings's average total tangible assets for the quarter that ended in Jun. 2026 was ₹3,021 Mil. Therefore, Smartlink Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 7.42%.
The historical rank and industry rank for Smartlink Holdings's Return-on-Tangible-Asset or its related term are showing as below:
NSE:SMARTLINK'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -5.29 Med: 2.59 Max: 8.12
Current: 6.12
During the past 13 years, Smartlink Holdings's highest Return-on-Tangible-Asset was 8.12%. The lowest was -5.29%. And the median was 2.59%.
NSE:SMARTLINK's Return-on-Tangible-Asset is ranked better than 69.4% of 2500
companies
in the Hardware industry
Industry Median: 2.845
vs NSE:SMARTLINK: 6.12
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.
Smartlink Holdings Return-on-Tangible-Asset Related Terms
Smartlink Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Smartlink Holdings'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:SMARTLINK vs CSCO, MSI, HPE: Return-on-Tangible-Asset Comparison
For the Communication Equipment subindustry, Smartlink Holdings'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.
Smartlink Holdings Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Smartlink Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Smartlink Holdings'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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 7.42% mean?
Smartlink Holdings (NSE:SMARTLINK) has a Return-on-Tangible-Asset of 7.42% 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 Smartlink Holdings and its competitors. This is 186% above median its historical median of 2.59. According to the industry distribution chart, Smartlink Holdings ranks #765 out of 2500 companies in the Hardware industry, placing it in the top 30.6%.
Is Smartlink Holdings' Return-on-Tangible-Asset too high?
Smartlink Holdings' current Return-on-Tangible-Asset of 7.42% is 186% above median its 10-year median of 2.59. The Hardware industry median Return-on-Tangible-Asset is 2.85. Smartlink Holdings' value of 7.42% is 160.8% above this industry median. Based on the distribution chart, Smartlink Holdings ranks #765 out of 2500 companies in the Hardware industry, which is above the industry midpoint. Overall, Smartlink Holdings has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Smartlink Holdings' Return-on-Tangible-Asset compare to CSCO and MSI?
According to the Hardware industry distribution chart, Smartlink Holdings ranks #765 out of 2500 companies for Return-on-Tangible-Asset. This puts Smartlink Holdings in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.85. Smartlink Holdings' value of 7.42% is 160.8% above this benchmark. While the company's 10-year median is 2.59 vs. the industry median of 2.85, Smartlink Holdings 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 2.85, based on 2,500 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. Smartlink Holdings's current Return-on-Tangible-Asset of 7.42% is 160.8% 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 Smartlink Holdings and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Smartlink Holdings's current Return-on-Tangible-Asset is 7.42%, which is 186% above median its own 10-year median of 2.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smartlink Holdings stock overvalued right now?
Based on GuruFocus' analysis, Smartlink Holdings (NSE:SMARTLINK) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹250.57, compared to a current price of ₹223.15 — trading 10.9% below its estimated fair value. The current Return-on-Tangible-Asset is 7.42%, which is 186% above median its 10-year median of 2.59 and 160.8% above the Hardware industry median of 2.85. Smartlink Holdings' overall GF Score™ is 79/100 with 6 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 Smartlink Holdings (NSE:SMARTLINK), the current Return-on-Tangible-Asset is 7.42% 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 Smartlink Holdings (NSE:SMARTLINK) Overvalued in 2026?
Based on GuruFocus' analysis, Smartlink Holdings stock appears to be undervalued.
The current stock price of ₹223.15 is trading 10.9% below its estimated GF Value™ of ₹250.57.
GuruFocus considers Smartlink Holdings to be Modestly Undervalued.
Key valuation signals for NSE:SMARTLINK:
Return-on-Tangible-Asset: 7.42% (186% above median its 10-year median of 2.59)
GF Value™: ₹250.57 vs. price of ₹223.15 (10.9% below fair value)
Industry Position: 160.8% above the Hardware median (#765 of 2500)
No single metric tells the full story. See the NSE:SMARTLINK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Smartlink Holdings Ltd is a holding company. The company and its subsidiaries are engaged in the marketing of networking products, manufacturing of structured cabling products, and electronics manufacturing. The Company's business activities are mainly related to Investments and Real Estate, which are assessed as a single reportable operating segment. The Company has two business segments which is Investment Earning income through dividends, interest, rentals and gains on Investment in securities and property. Networking is Developing, manufacturing, marketing, distributing, and servicing of networking products. The company generates maximum revenue from the Networking products segment. Geographically, it derives a majority of its revenue from India.
79GF Score
Get the complete analysis for NSE:SMARTLINK
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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