Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
TCI ExpressNSE:TCIEXP -2.31%83 Return-on-Tangible-Asset is 6.27% as of Mar. 2026, which is 69% below its 10-year median of 20.04. GuruFocus rates NSE:TCIEXP with a GF Score™ of 83/100 and a GF Value™ of ₹922.25 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,011 Transportation companies, TCI Express ranks better than 79.82% 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. TCI Express's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹641 Mil. TCI Express's average total tangible assets for the quarter that ended in Mar. 2026 was ₹10,233 Mil. Therefore, TCI Express's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 6.27%.
The historical rank and industry rank for TCI Express's Return-on-Tangible-Asset or its related term are showing as below:
NSE:TCIEXP'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 8.41 Med: 20.04 Max: 22.08
Current: 8.42
During the past 12 years, TCI Express's highest Return-on-Tangible-Asset was 22.08%. The lowest was 8.41%. And the median was 20.04%.
NSE:TCIEXP's Return-on-Tangible-Asset is ranked better than 79.82% of 1011
companies
in the Transportation industry
Industry Median: 3.76
vs NSE:TCIEXP: 8.42
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.
TCI Express Return-on-Tangible-Asset Related Terms
TCI Express Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for TCI Express'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:TCIEXP vs UPS, FDX, JBHT: Return-on-Tangible-Asset Comparison
For the Integrated Freight & Logistics subindustry, TCI Express'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.
TCI Express Return-on-Tangible-Asset vs Transportation Industry
For the Transportation industry and Industrials sector, TCI Express's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where TCI Express'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 6.27% mean?
TCI Express (NSE:TCIEXP) has a Return-on-Tangible-Asset of 6.27% 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 TCI Express and its competitors. This is 69% below median its historical median of 20.04. Over the past decade, TCI Express' Return-on-Tangible-Asset has ranged from 8.41 to 22.08. According to the industry distribution chart, TCI Express ranks #204 out of 1011 companies in the Transportation industry, placing it in the top 20.2%.
Is TCI Express' Return-on-Tangible-Asset too high?
TCI Express' current Return-on-Tangible-Asset of 6.27% is 69% below median its 10-year median of 20.04. Over the past 10 years, this metric has ranged from a low of 8.41 to a high of 22.08. The Transportation industry median Return-on-Tangible-Asset is 3.76. TCI Express' value of 6.27% is 66.8% above this industry median. Based on the distribution chart, TCI Express ranks #204 out of 1011 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, TCI Express has a GF Score™ of 83/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TCI Express' Return-on-Tangible-Asset compare to UPS and FDX?
According to the Transportation industry distribution chart, TCI Express ranks #204 out of 1011 companies for Return-on-Tangible-Asset. This places TCI Express in the top 20% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.76. TCI Express' value of 6.27% is 66.8% above this benchmark. Historically, TCI Express' own Return-on-Tangible-Asset has ranged from 8.41 to 22.08 over the past decade. While the company's 10-year median is 20.04 vs. the industry median of 3.76, TCI Express 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 Transportation company?
The median Return-on-Tangible-Asset among Transportation companies is 3.76, based on 1,011 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. TCI Express's current Return-on-Tangible-Asset of 6.27% is 66.8% 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 TCI Express and its competitors. For the Transportation industry, the median Return-on-Tangible-Asset is 3.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TCI Express's current Return-on-Tangible-Asset is 6.27%, which is 69% below median its own 10-year median of 20.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TCI Express stock overvalued right now?
Based on GuruFocus' analysis, TCI Express (NSE:TCIEXP) is currently considered Possible Value Trap. The stock's GF Value™ is ₹922.25, compared to a current price of ₹548.40 — trading 40.5% below its estimated fair value. The current Return-on-Tangible-Asset is 6.27%, which is 69% below median its 10-year median of 20.04 and 66.8% above the Transportation industry median of 3.76. TCI Express' overall GF Score™ is 83/100 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 TCI Express (NSE:TCIEXP), the current Return-on-Tangible-Asset is 6.27% 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 TCI Express (NSE:TCIEXP) Overvalued in 2026?
Based on GuruFocus' analysis, TCI Express stock appears to be undervalued.
The current stock price of ₹548.40 is trading 40.5% below its estimated GF Value™ of ₹922.25.
GuruFocus considers TCI Express to be Possible Value Trap.
Key valuation signals for NSE:TCIEXP:
Return-on-Tangible-Asset: 6.27% (69% below median its 10-year median of 20.04)
GF Value™: ₹922.25 vs. price of ₹548.40 (40.5% below fair value)
Industry Position: 66.8% above the Transportation median (#204 of 1011)
No single metric tells the full story. See the NSE:TCIEXP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TCI Express Ltd is a courier service company. The company provides surface express, domestic air express, international air express, e-commerce express, and others. It serves industries such as automobiles, retail, telecom, pharmaceuticals, and e-commerce. The company's only reportable segment being Express Cargo.
83GF Score
Get the complete analysis for NSE:TCIEXP
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:TCIEXP has been successfully added to your 
