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Solex EnergyNSE:SOLEX -2.04%81 Return-on-Tangible-Asset is 19.61% as of Mar. 2026, which is 249% above its 10-year median of 5.62. GuruFocus rates NSE:SOLEX with a GF Score™ of 81/100 and a GF Value™ of ₹4,017.10 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,028 Semiconductors companies, Solex Energy ranks better than 76.56% 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. Solex Energy's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹2,316 Mil. Solex Energy's average total tangible assets for the quarter that ended in Mar. 2026 was ₹11,810 Mil. Therefore, Solex Energy's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 19.61%.
The historical rank and industry rank for Solex Energy's Return-on-Tangible-Asset or its related term are showing as below:
NSE:SOLEX'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.33 Med: 5.62 Max: 11.99
Current: 8.93
During the past 12 years, Solex Energy's highest Return-on-Tangible-Asset was 11.99%. The lowest was 1.33%. And the median was 5.62%.
NSE:SOLEX's Return-on-Tangible-Asset is ranked better than 76.56% of 1028
companies
in the Semiconductors industry
Industry Median: 2.655
vs NSE:SOLEX: 8.93
Solex Energy (NSE:SOLEX) 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.
Solex Energy Return-on-Tangible-Asset Related Terms
Solex Energy Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Solex Energy'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:SOLEX vs FSLR, NXT, ENPH: Return-on-Tangible-Asset Comparison
For the Solar subindustry, Solex Energy'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.
Solex Energy Return-on-Tangible-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Solex Energy's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Solex Energy'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 19.61% mean?
Solex Energy (NSE:SOLEX) has a Return-on-Tangible-Asset of 19.61% 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 Solex Energy and its competitors. This is 249% above median its historical median of 5.62. Over the past decade, Solex Energy's Return-on-Tangible-Asset has ranged from 1.33 to 11.99. According to the industry distribution chart, Solex Energy ranks #241 out of 1028 companies in the Semiconductors industry, placing it in the top 23.4%.
Is Solex Energy's Return-on-Tangible-Asset too high?
Solex Energy's current Return-on-Tangible-Asset of 19.61% is 249% above median its 10-year median of 5.62. Over the past 10 years, this metric has ranged from a low of 1.33 to a high of 11.99. The Semiconductors industry median Return-on-Tangible-Asset is 2.66. Solex Energy's value of 19.61% is 638.6% above this industry median. Based on the distribution chart, Solex Energy ranks #241 out of 1028 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Solex Energy has a GF Score™ of 81/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Solex Energy's Return-on-Tangible-Asset compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Solex Energy ranks #241 out of 1028 companies for Return-on-Tangible-Asset. This places Solex Energy in the top 23% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.66. Solex Energy's value of 19.61% is 638.6% above this benchmark. Historically, Solex Energy's own Return-on-Tangible-Asset has ranged from 1.33 to 11.99 over the past decade. While the company's 10-year median is 5.62 vs. the industry median of 2.66, Solex Energy 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 Semiconductors company?
The median Return-on-Tangible-Asset among Semiconductors companies is 2.66, based on 1,028 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. Solex Energy's current Return-on-Tangible-Asset of 19.61% is 638.6% 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 Solex Energy and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Asset is 2.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Solex Energy's current Return-on-Tangible-Asset is 19.61%, which is 249% above median its own 10-year median of 5.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solex Energy stock overvalued right now?
Based on GuruFocus' analysis, Solex Energy (NSE:SOLEX) is currently considered Possible Value Trap. The stock's GF Value™ is ₹4,017.10, compared to a current price of ₹933.20 — trading 76.8% below its estimated fair value. The current Return-on-Tangible-Asset is 19.61%, which is 249% above median its 10-year median of 5.62 and 638.6% above the Semiconductors industry median of 2.66. Solex Energy's overall GF Score™ is 81/100 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 Solex Energy (NSE:SOLEX), the current Return-on-Tangible-Asset is 19.61% 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 Solex Energy (NSE:SOLEX) Overvalued in 2026?
Based on GuruFocus' analysis, Solex Energy stock appears to be undervalued.
The current stock price of ₹933.20 is trading 76.8% below its estimated GF Value™ of ₹4,017.10.
GuruFocus considers Solex Energy to be Possible Value Trap.
Key valuation signals for NSE:SOLEX:
Return-on-Tangible-Asset: 19.61% (249% above median its 10-year median of 5.62)
GF Value™: ₹4,017.10 vs. price of ₹933.20 (76.8% below fair value)
Industry Position: 638.6% above the Semiconductors median (#241 of 1028)
No single metric tells the full story. See the NSE:SOLEX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Solex Energy Ltd is a manufacturer of solar photovoltaic modules and is also engaged in the business of Engineering, Procurement, and Construction (EPC) in the solar energy market, where the manufactured modules are utilized. Its products are Tapi R, Tapi Trans, Tapi Series, Tapi Black, and Ganga.
81GF Score
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