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.
ZF Steering Gear (India)NSE:ZFSTEERING +0.47%77 Return-on-Tangible-Asset is 7.37% as of Jun. 2026, which is 132% above its 10-year median of 3.17. GuruFocus rates NSE:ZFSTEERING with a GF Score™ of 77/100 and a GF Value™ of ₹1,280.42 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,337 Vehicles & Parts companies, ZF Steering Gear (India) ranks worse than 52.43% 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. ZF Steering Gear (India)'s annualizedNet Income for the quarter that ended in Jun. 2026 was ₹495 Mil. ZF Steering Gear (India)'s average total tangible assets for the quarter that ended in Jun. 2026 was ₹0 Mil. Therefore, ZF Steering Gear (India)'s annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 7.37%.
The historical rank and industry rank for ZF Steering Gear (India)'s Return-on-Tangible-Asset or its related term are showing as below:
NSE:ZFSTEERING'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.29 Med: 3.17 Max: 10.58
Current: 3.05
During the past 13 years, ZF Steering Gear (India)'s highest Return-on-Tangible-Asset was 10.58%. The lowest was -0.29%. And the median was 3.17%.
NSE:ZFSTEERING's Return-on-Tangible-Asset is ranked worse than 52.43% of 1337
companies
in the Vehicles & Parts industry
Industry Median: 3.35
vs NSE:ZFSTEERING: 3.05
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.
ZF Steering Gear (India) Return-on-Tangible-Asset Related Terms
ZF Steering Gear (India) Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for ZF Steering Gear (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:ZFSTEERING vs ORLY, AZO, GPC: Return-on-Tangible-Asset Comparison
For the Auto Parts subindustry, ZF Steering Gear (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.
ZF Steering Gear (India) Return-on-Tangible-Asset vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, ZF Steering Gear (India)'s Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where ZF Steering Gear (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 7.37% mean?
ZF Steering Gear (India) (NSE:ZFSTEERING) has a Return-on-Tangible-Asset of 7.37% 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 ZF Steering Gear (India) and its competitors. This is 132% above median its historical median of 3.17. According to the industry distribution chart, ZF Steering Gear (India) ranks #701 out of 1337 companies in the Vehicles & Parts industry, placing it in the top 52.4%.
Is ZF Steering Gear (India)'s Return-on-Tangible-Asset too high?
ZF Steering Gear (India)'s current Return-on-Tangible-Asset of 7.37% is 132% above median its 10-year median of 3.17. The Vehicles & Parts industry median Return-on-Tangible-Asset is 3.35. ZF Steering Gear (India)'s value of 7.37% is 120% above this industry median. Based on the distribution chart, ZF Steering Gear (India) ranks #701 out of 1337 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, ZF Steering Gear (India) has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ZF Steering Gear (India)'s Return-on-Tangible-Asset compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, ZF Steering Gear (India) ranks #701 out of 1337 companies for Return-on-Tangible-Asset. This places ZF Steering Gear (India) in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.35. ZF Steering Gear (India)'s value of 7.37% is 120% above this benchmark. While the company's 10-year median is 3.17 vs. the industry median of 3.35, ZF Steering Gear (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 3.35, based on 1,337 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. ZF Steering Gear (India)'s current Return-on-Tangible-Asset of 7.37% is 120% 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 ZF Steering Gear (India) and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Asset is 3.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ZF Steering Gear (India)'s current Return-on-Tangible-Asset is 7.37%, which is 132% above median its own 10-year median of 3.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ZF Steering Gear (India) stock overvalued right now?
Based on GuruFocus' analysis, ZF Steering Gear (India) (NSE:ZFSTEERING) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹1,280.42, compared to a current price of ₹697.85 — trading 45.5% below its estimated fair value. The current Return-on-Tangible-Asset is 7.37%, which is 132% above median its 10-year median of 3.17 and 120% above the Vehicles & Parts industry median of 3.35. ZF Steering Gear (India)'s overall GF Score™ is 77/100 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 ZF Steering Gear (India) (NSE:ZFSTEERING), the current Return-on-Tangible-Asset is 7.37% 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 ZF Steering Gear (India) (NSE:ZFSTEERING) Overvalued in 2026?
Based on GuruFocus' analysis, ZF Steering Gear (India) stock appears to be undervalued.
The current stock price of ₹697.85 is trading 45.5% below its estimated GF Value™ of ₹1,280.42.
GuruFocus considers ZF Steering Gear (India) to be Significantly Undervalued.
Key valuation signals for NSE:ZFSTEERING:
Return-on-Tangible-Asset: 7.37% (132% above median its 10-year median of 3.17)
GF Value™: ₹1,280.42 vs. price of ₹697.85 (45.5% below fair value)
Industry Position: 120% above the Vehicles & Parts median (#701 of 1337)
No single metric tells the full story. See the NSE:ZFSTEERING stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ZF Steering Gear (India) Ltd produces and assembles steering systems for vehicles, buses, and tractors. The segment in which the group operates includes Auto Component and Renewable Energy. The company's product range includes steering systems, vane pumps, pump pulleys, oil reservoirs, steering and pump mounting brackets, steering columns, intermediate shafts, universal joints, bevel gears boxes, and power steering oil dexron II. ZF Steering operates its business activity through the plant located in Vadu Budruk, Pune. The company generates the majority of its revenue from the Auto component, which is engaged in the manufacturing of auto components.
77GF Score
Get the complete analysis for NSE:ZFSTEERING
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:ZFSTEERING has been successfully added to your 
