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Tata MotorsNSE:TMCV +3.88%13 Return-on-Tangible-Asset is 20.95% as of Jun. 2026, which is 220% above its 10-year median of 6.54. GuruFocus rates NSE:TMCV with a GF Score™ of 13/100. The stock has 1 warning sign investors should review. Among 1,331 Vehicles & Parts companies, Tata Motors ranks better than 66.87% 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. Tata Motors's annualizedNet Income for the quarter that ended in Jun. 2026 was ₹102,400 Mil. Tata Motors's average total tangible assets for the quarter that ended in Jun. 2026 was ₹488,810 Mil. Therefore, Tata Motors's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 20.95%.
The historical rank and industry rank for Tata Motors's Return-on-Tangible-Asset or its related term are showing as below:
NSE:TMCV'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.83 Med: 6.54 Max: 10.92
Current: 10.92
During the past 3 years, Tata Motors's highest Return-on-Tangible-Asset was 10.92%. The lowest was 1.83%. And the median was 6.54%.
NSE:TMCV's Return-on-Tangible-Asset is ranked better than 66.87% of 1331
companies
in the Vehicles & Parts industry
Industry Median: 3.26
vs NSE:TMCV: 10.92
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.
Tata Motors Return-on-Tangible-Asset Related Terms
Tata Motors Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Tata Motors'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:TMCV vs TSLA, GM, F: Return-on-Tangible-Asset Comparison
For the Auto Manufacturers subindustry, Tata Motors'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.
Tata Motors Return-on-Tangible-Asset vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Tata Motors's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Tata Motors'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 20.95% mean?
Tata Motors (NSE:TMCV) has a Return-on-Tangible-Asset of 20.95% 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 Tata Motors and its competitors. This is 220% above median its historical median of 6.54. Over the past decade, Tata Motors' Return-on-Tangible-Asset has ranged from 1.83 to 10.92. According to the industry distribution chart, Tata Motors ranks #441 out of 1331 companies in the Vehicles & Parts industry, placing it in the top 33.1%.
Is Tata Motors' Return-on-Tangible-Asset too high?
Tata Motors' current Return-on-Tangible-Asset of 20.95% is 220% above median its 10-year median of 6.54. Over the past 10 years, this metric has ranged from a low of 1.83 to a high of 10.92. The Vehicles & Parts industry median Return-on-Tangible-Asset is 3.26. Tata Motors' value of 20.95% is 542.6% above this industry median. Based on the distribution chart, Tata Motors ranks #441 out of 1331 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Tata Motors has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Tata Motors' Return-on-Tangible-Asset compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Tata Motors ranks #441 out of 1331 companies for Return-on-Tangible-Asset. This puts Tata Motors in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.26. Tata Motors' value of 20.95% is 542.6% above this benchmark. Historically, Tata Motors' own Return-on-Tangible-Asset has ranged from 1.83 to 10.92 over the past decade. While the company's 10-year median is 6.54 vs. the industry median of 3.26, Tata Motors 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 Vehicles & Parts company?
The median Return-on-Tangible-Asset among Vehicles & Parts companies is 3.26, based on 1,331 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. Tata Motors's current Return-on-Tangible-Asset of 20.95% is 542.6% 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 Tata Motors and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Asset is 3.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tata Motors's current Return-on-Tangible-Asset is 20.95%, which is 220% above median its own 10-year median of 6.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tata Motors stock overvalued right now?
Tata Motors (NSE:TMCV) has a current Return-on-Tangible-Asset of 20.95%. The current Return-on-Tangible-Asset is 20.95%, which is 220% above median its 10-year median of 6.54 and 542.6% above the Vehicles & Parts industry median of 3.26. Tata Motors' overall GF Score™ is 13/100 with 1 warning sign 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 Tata Motors (NSE:TMCV), the current Return-on-Tangible-Asset is 20.95% 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.
Tata Motors Ltd is an automobile manufacturer, offering a diverse portfolio of smarter, integrated, and safer mobility solutions. It designs, manufactures, and sells a wide range of automotive vehicles. The company also manufactures engines for industrial applications. Its operating segments consist of: a) Automotive: The Automotive segment consists of Tata Commercial Vehicles and consists of three sub-segments: Commercial Vehicles, Corporate/ unallocable, Intrasegment. b) Others: Others consist of IT services and Insurance Broking services. The majority of revenue is generated from the Tata Commercial Vehicles sub-segment of the Automotive segment. Geographically, the group operates in India, South Korea, and the rest of the world. The majority of its revenue is generated in India.
13GF Score
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