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.
Waaree EnergiesNSE:WAAREEENER +3.55%50 Return-on-Tangible-Asset is 11.31% as of Jun. 2026, which is 2% above its 10-year median of 11.09. GuruFocus rates NSE:WAAREEENER with a GF Score™ of 50/100. The stock has 2 warning signs investors should review. Among 1,039 Semiconductors companies, Waaree Energies ranks better than 85.27% 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. Waaree Energies's annualizedNet Income for the quarter that ended in Jun. 2026 was ₹34,009 Mil. Waaree Energies's average total tangible assets for the quarter that ended in Jun. 2026 was ₹0 Mil. Therefore, Waaree Energies's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 11.31%.
The historical rank and industry rank for Waaree Energies's Return-on-Tangible-Asset or its related term are showing as below:
NSE:WAAREEENER'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.64 Med: 11.09 Max: 15.44
Current: 15.44
During the past 8 years, Waaree Energies's highest Return-on-Tangible-Asset was 15.44%. The lowest was 3.64%. And the median was 11.09%.
NSE:WAAREEENER's Return-on-Tangible-Asset is ranked better than 85.27% of 1039
companies
in the Semiconductors industry
Industry Median: 3.85
vs NSE:WAAREEENER: 15.44
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.
Waaree Energies Return-on-Tangible-Asset Related Terms
Waaree Energies Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Waaree Energies'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:WAAREEENER vs FSLR, NXT, ENPH: Return-on-Tangible-Asset Comparison
For the Solar subindustry, Waaree Energies'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.
Waaree Energies Return-on-Tangible-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Waaree Energies's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Waaree Energies'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 11.31% mean?
Waaree Energies (NSE:WAAREEENER) has a Return-on-Tangible-Asset of 11.31% 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 Waaree Energies and its competitors. This is near median its historical median of 11.09. Over the past decade, Waaree Energies' Return-on-Tangible-Asset has ranged from 3.64 to 15.44. According to the industry distribution chart, Waaree Energies ranks #153 out of 1039 companies in the Semiconductors industry, placing it in the top 14.7%.
Is Waaree Energies' Return-on-Tangible-Asset too high?
Waaree Energies' current Return-on-Tangible-Asset of 11.31% is near median its 10-year median of 11.09. Over the past 10 years, this metric has ranged from a low of 3.64 to a high of 15.44. The Semiconductors industry median Return-on-Tangible-Asset is 3.85. Waaree Energies' value of 11.31% is 193.8% above this industry median. Based on the distribution chart, Waaree Energies ranks #153 out of 1039 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Waaree Energies has a GF Score™ of 50/100, reflecting its overall financial health beyond just this single metric.
How does Waaree Energies' Return-on-Tangible-Asset compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Waaree Energies ranks #153 out of 1039 companies for Return-on-Tangible-Asset. This places Waaree Energies in the top 15% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.85. Waaree Energies' value of 11.31% is 193.8% above this benchmark. Historically, Waaree Energies' own Return-on-Tangible-Asset has ranged from 3.64 to 15.44 over the past decade. While the company's 10-year median is 11.09 vs. the industry median of 3.85, Waaree Energies 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 3.85, based on 1,039 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. Waaree Energies's current Return-on-Tangible-Asset of 11.31% is 193.8% 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 Waaree Energies and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Asset is 3.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Waaree Energies's current Return-on-Tangible-Asset is 11.31%, which is near median its own 10-year median of 11.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Waaree Energies stock overvalued right now?
Waaree Energies (NSE:WAAREEENER) has a current Return-on-Tangible-Asset of 11.31%. The current Return-on-Tangible-Asset is 11.31%, which is near median its 10-year median of 11.09 and 193.8% above the Semiconductors industry median of 3.85. Waaree Energies' overall GF Score™ is 50/100 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 Waaree Energies (NSE:WAAREEENER), the current Return-on-Tangible-Asset is 11.31% 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.
Waaree Energies Ltd is a manufacturer of solar PV modules in India. Its solar PV modules are currently manufactured using multicrystalline cell technology, monocrystalline cell technology and emerging technologies such as Tunnel Oxide Passivated Contact (TopCon). Its portfolio of solar energy products consists of the following PV modules: multicrystalline modules, monocrystalline modules, and TopCon modules, comprising flexible modules, which includes bifacial modules (Mono PERC) (framed and unframed), and building integrated photo voltaic (BIPV) modules. The Company operates only in one Business Segment i.e. Manufacturing & Trading of Solar Photovoltaic Modules.
50GF Score
Get the complete analysis for NSE:WAAREEENER
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:WAAREEENER has been successfully added to your 
