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Wheels IndiaNSE:WHEELS -1.25%68 Return-on-Tangible-Asset is 4.39% as of Jun. 2026, which is 38% above its 10-year median of 3.18. GuruFocus rates NSE:WHEELS with a GF Score™ of 68/100 and a GF Value™ of ₹960.18 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,329 Vehicles & Parts companies, Wheels India ranks better than 63.51% 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. Wheels India's annualizedNet Income for the quarter that ended in Jun. 2026 was ₹1,532 Mil. Wheels India's average total tangible assets for the quarter that ended in Jun. 2026 was ₹34,902 Mil. Therefore, Wheels India's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 4.39%.
The historical rank and industry rank for Wheels India's Return-on-Tangible-Asset or its related term are showing as below:
NSE:WHEELS'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.08 Med: 3.18 Max: 4.96
Current: 4.94
During the past 13 years, Wheels India's highest Return-on-Tangible-Asset was 4.96%. The lowest was 0.08%. And the median was 3.18%.
NSE:WHEELS's Return-on-Tangible-Asset is ranked better than 63.51% of 1329
companies
in the Vehicles & Parts industry
Industry Median: 3.24
vs NSE:WHEELS: 4.94
Wheels India (NSE:WHEELS) 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.
Wheels India Return-on-Tangible-Asset Related Terms
Wheels India Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Wheels India'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:WHEELS vs ORLY, AZO: Return-on-Tangible-Asset Comparison
For the Auto Parts subindustry, Wheels India'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.
Wheels India Return-on-Tangible-Asset vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Wheels India's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Wheels India'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 4.39% mean?
Wheels India (NSE:WHEELS) has a Return-on-Tangible-Asset of 4.39% 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 Wheels India and its competitors. This is 38% above median its historical median of 3.18. Over the past decade, Wheels India's Return-on-Tangible-Asset has ranged from 0.08 to 4.96. According to the industry distribution chart, Wheels India ranks #485 out of 1329 companies in the Vehicles & Parts industry, placing it in the top 36.5%.
Is Wheels India's Return-on-Tangible-Asset too high?
Wheels India's current Return-on-Tangible-Asset of 4.39% is 38% above median its 10-year median of 3.18. Over the past 10 years, this metric has ranged from a low of 0.08 to a high of 4.96. The Vehicles & Parts industry median Return-on-Tangible-Asset is 3.24. Wheels India's value of 4.39% is 35.5% above this industry median. Based on the distribution chart, Wheels India ranks #485 out of 1329 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Wheels India has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Wheels India's Return-on-Tangible-Asset compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Wheels India ranks #485 out of 1329 companies for Return-on-Tangible-Asset. This puts Wheels India in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.24. Wheels India's value of 4.39% is 35.5% above this benchmark. Historically, Wheels India's own Return-on-Tangible-Asset has ranged from 0.08 to 4.96 over the past decade. While the company's 10-year median is 3.18 vs. the industry median of 3.24, Wheels India 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 3.24, based on 1,329 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. Wheels India's current Return-on-Tangible-Asset of 4.39% is 35.5% 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 Wheels India and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Asset is 3.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wheels India's current Return-on-Tangible-Asset is 4.39%, which is 38% above median its own 10-year median of 3.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wheels India stock overvalued right now?
Based on GuruFocus' analysis, Wheels India (NSE:WHEELS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹960.18, compared to a current price of ₹1,386.80 — trading 44.4% above its estimated fair value. The current Return-on-Tangible-Asset is 4.39%, which is 38% above median its 10-year median of 3.18 and 35.5% above the Vehicles & Parts industry median of 3.24. Wheels India's overall GF Score™ is 68/100 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 Wheels India (NSE:WHEELS), the current Return-on-Tangible-Asset is 4.39% 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 Wheels India (NSE:WHEELS) Overvalued in 2026?
Based on GuruFocus' analysis, Wheels India stock appears to be overvalued.
The current stock price of ₹1,386.80 is trading 44.4% above its estimated GF Value™ of ₹960.18.
GuruFocus considers Wheels India to be Significantly Overvalued.
Key valuation signals for NSE:WHEELS:
Return-on-Tangible-Asset: 4.39% (38% above median its 10-year median of 3.18)
GF Value™: ₹960.18 vs. price of ₹1,386.80 (44.4% above fair value)
Industry Position: 35.5% above the Vehicles & Parts median (#485 of 1329)
No single metric tells the full story. See the NSE:WHEELS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wheels India Ltd is a manufacturer of automobile wheels. The firm is organized into the Automotive Components and Industrial Components segments. The automotive components segment is engaged in the manufacture of road wheels for passenger cars, utility vehicles, trucks, buses, agricultural tractors, and construction equipment; however, the group is also engaged in the manufacturing of suspension products for the vehicles. The industrial components segment includes components and structures for windmills, railways, and thermal power plants. It operates in the Indian and international markets, of which key revenue is derived from India. The majority of the company's revenue is generated from Automotive components.
68GF Score
Get the complete analysis for NSE:WHEELS
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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