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Spectrum Electrical IndustriesNSE:SPECTRUM +1.06%86 Return-on-Tangible-Asset is 7.82% as of Jun. 2026, which is 56% above its 10-year median of 5.02. GuruFocus rates NSE:SPECTRUM with a GF Score™ of 86/100 and a GF Value™ of ₹3,037.56 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 3,084 Industrial Products companies, Spectrum Electrical Industries ranks better than 85.05% on this metric.
The historical rank and industry rank for Spectrum Electrical Industries's Return-on-Tangible-Asset or its related term are showing as below:
NSE:SPECTRUM'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.09 Med: 5.02 Max: 11.72
Current: 10.35
During the past 13 years, Spectrum Electrical Industries's highest Return-on-Tangible-Asset was 11.72%. The lowest was 3.09%. And the median was 5.02%.
NSE:SPECTRUM's Return-on-Tangible-Asset is ranked better than 85.05% of 3084
companies
in the Industrial Products industry
Industry Median: 3.41
vs NSE:SPECTRUM: 10.35
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.
Spectrum Electrical Industries Return-on-Tangible-Asset Related Terms
Spectrum Electrical Industries Return-on-Tangible-Asset Historical Data
* 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:SPECTRUM vs VRT, BE: Return-on-Tangible-Asset Comparison
For the Electrical Equipment & Parts subindustry, Spectrum Electrical Industries'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.
Spectrum Electrical Industries Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Spectrum Electrical Industries's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Spectrum Electrical Industries'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 7.82% mean?
Spectrum Electrical Industries (NSE:SPECTRUM) has a Return-on-Tangible-Asset of 7.82% 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 Spectrum Electrical Industries and its competitors. This is 56% above median its historical median of 5.02. Over the past decade, Spectrum Electrical Industries' Return-on-Tangible-Asset has ranged from 3.09 to 11.72. According to the industry distribution chart, Spectrum Electrical Industries ranks #461 out of 3084 companies in the Industrial Products industry, placing it in the top 14.9%.
Is Spectrum Electrical Industries' Return-on-Tangible-Asset too high?
Spectrum Electrical Industries' current Return-on-Tangible-Asset of 7.82% is 56% above median its 10-year median of 5.02. Over the past 10 years, this metric has ranged from a low of 3.09 to a high of 11.72. The Industrial Products industry median Return-on-Tangible-Asset is 3.41. Spectrum Electrical Industries' value of 7.82% is 129.3% above this industry median. Based on the distribution chart, Spectrum Electrical Industries ranks #461 out of 3084 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Spectrum Electrical Industries has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Spectrum Electrical Industries' Return-on-Tangible-Asset compare to VRT and BE?
According to the Industrial Products industry distribution chart, Spectrum Electrical Industries ranks #461 out of 3084 companies for Return-on-Tangible-Asset. This places Spectrum Electrical Industries in the top 15% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.41. Spectrum Electrical Industries' value of 7.82% is 129.3% above this benchmark. Historically, Spectrum Electrical Industries' own Return-on-Tangible-Asset has ranged from 3.09 to 11.72 over the past decade. While the company's 10-year median is 5.02 vs. the industry median of 3.41, Spectrum Electrical Industries 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 an Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.41, based on 3,084 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. Spectrum Electrical Industries's current Return-on-Tangible-Asset of 7.82% is 129.3% 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 Spectrum Electrical Industries and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spectrum Electrical Industries's current Return-on-Tangible-Asset is 7.82%, which is 56% above median its own 10-year median of 5.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spectrum Electrical Industries stock overvalued right now?
Based on GuruFocus' analysis, Spectrum Electrical Industries (NSE:SPECTRUM) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹3,037.56, compared to a current price of ₹2,144.30 — trading 29.4% below its estimated fair value. The current Return-on-Tangible-Asset is 7.82%, which is 56% above median its 10-year median of 5.02 and 129.3% above the Industrial Products industry median of 3.41. Spectrum Electrical Industries' overall GF Score™ is 86/100 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 Spectrum Electrical Industries (NSE:SPECTRUM), the current Return-on-Tangible-Asset is 7.82% 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 Spectrum Electrical Industries (NSE:SPECTRUM) Overvalued in 2026?
Based on GuruFocus' analysis, Spectrum Electrical Industries stock appears to be undervalued.
The current stock price of ₹2,144.30 is trading 29.4% below its estimated GF Value™ of ₹3,037.56.
GuruFocus considers Spectrum Electrical Industries to be Modestly Undervalued.
Key valuation signals for NSE:SPECTRUM:
Return-on-Tangible-Asset: 7.82% (56% above median its 10-year median of 5.02)
GF Value™: ₹3,037.56 vs. price of ₹2,144.30 (29.4% below fair value)
Industry Position: 129.3% above the Industrial Products median (#461 of 3084)
No single metric tells the full story. See the NSE:SPECTRUM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Spectrum Electrical Industries Ltd is an India-based contract manufacturer and a component supplier. It is mainly engaged in the business of designing and manufacturing electrical, automobile, and irrigation components. It offers a range of electrical components, including miniature circuit breaker (MCB) base and cover, distribution board, alternating current (AC) Box, modular electric board panels, fancy angle holders, calipers, filter pumps, carrier, and filter tank. It also offers various services including surface coatings, metallic stamping, plastics molding, and designing new molds and dies, press tools. The company mainly offers its products in the Indian market, and it also exports some of its products.
86GF Score
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