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UltraTech CementUCLQF 95 Return-on-Tangible-Asset is 8.25% as of Jun. 2026, which is 24% above its 10-year median of 6.65. GuruFocus rates UCLQF with a GF Score™ of 95/100 and a GF Value™ of $116.25. The stock has 3 warning signs investors should review. Among 411 Building Materials companies, UltraTech Cement ranks better than 78.1% 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. UltraTech Cement's annualizedNet Income for the quarter that ended in Jun. 2026 was $1,095 Mil. UltraTech Cement's average total tangible assets for the quarter that ended in Jun. 2026 was $13,264 Mil. Therefore, UltraTech Cement's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 8.25%.
The historical rank and industry rank for UltraTech Cement's Return-on-Tangible-Asset or its related term are showing as below:
UCLQF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.82 Med: 6.65 Max: 9.36
Current: 6.97
During the past 13 years, UltraTech Cement's highest Return-on-Tangible-Asset was 9.36%. The lowest was 3.82%. And the median was 6.65%.
UCLQF's Return-on-Tangible-Asset is ranked better than 78.1% of 411
companies
in the Building Materials industry
Industry Median: 2.34
vs UCLQF: 6.97
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.
UltraTech Cement Return-on-Tangible-Asset Related Terms
UltraTech Cement Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for UltraTech Cement'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.
UCLQF vs CRH, VMC, MLM: Return-on-Tangible-Asset Comparison
For the Building Materials subindustry, UltraTech Cement'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.
UltraTech Cement Return-on-Tangible-Asset vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, UltraTech Cement's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where UltraTech Cement'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 8.25% mean?
UltraTech Cement (UCLQF) has a Return-on-Tangible-Asset of 8.25% 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 UltraTech Cement and its competitors. This is 24% above median its historical median of 6.65. Over the past decade, UltraTech Cement's Return-on-Tangible-Asset has ranged from 3.82 to 9.36. According to the industry distribution chart, UltraTech Cement ranks #90 out of 411 companies in the Building Materials industry, placing it in the top 21.9%.
Is UltraTech Cement's Return-on-Tangible-Asset too high?
UltraTech Cement's current Return-on-Tangible-Asset of 8.25% is 24% above median its 10-year median of 6.65. Over the past 10 years, this metric has ranged from a low of 3.82 to a high of 9.36. The Building Materials industry median Return-on-Tangible-Asset is 2.34. UltraTech Cement's value of 8.25% is 252.6% above this industry median. Based on the distribution chart, UltraTech Cement ranks #90 out of 411 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. Overall, UltraTech Cement has a GF Score™ of 95/100, reflecting its overall financial health beyond just this single metric.
How does UltraTech Cement's Return-on-Tangible-Asset compare to CRH and VMC?
According to the Building Materials industry distribution chart, UltraTech Cement ranks #90 out of 411 companies for Return-on-Tangible-Asset. This places UltraTech Cement in the top 22% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.34. UltraTech Cement's value of 8.25% is 252.6% above this benchmark. Historically, UltraTech Cement's own Return-on-Tangible-Asset has ranged from 3.82 to 9.36 over the past decade. While the company's 10-year median is 6.65 vs. the industry median of 2.34, UltraTech Cement 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 Building Materials company?
The median Return-on-Tangible-Asset among Building Materials companies is 2.34, based on 411 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. UltraTech Cement's current Return-on-Tangible-Asset of 8.25% is 252.6% 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 UltraTech Cement and its competitors. For the Building Materials industry, the median Return-on-Tangible-Asset is 2.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. UltraTech Cement's current Return-on-Tangible-Asset is 8.25%, which is 24% above median its own 10-year median of 6.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is UltraTech Cement stock overvalued right now?
UltraTech Cement (UCLQF) has a current Return-on-Tangible-Asset of 8.25%. The stock's GF Value™ is $116.25, compared to a current price of $103.00 — trading 11.4% below its estimated fair value. The current Return-on-Tangible-Asset is 8.25%, which is 24% above median its 10-year median of 6.65 and 252.6% above the Building Materials industry median of 2.34. UltraTech Cement's overall GF Score™ is 95/100 with 3 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 UltraTech Cement (UCLQF), the current Return-on-Tangible-Asset is 8.25% 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 UltraTech Cement (UCLQF) Overvalued in 2026?
Based on GuruFocus' analysis, UltraTech Cement stock appears to be undervalued.
The current stock price of $103.00 is trading 11.4% below its estimated GF Value™ of $116.25.
Key valuation signals for UCLQF:
Return-on-Tangible-Asset: 8.25% (24% above median its 10-year median of 6.65)
GF Value™: $116.25 vs. price of $103.00 (11.4% below fair value)
Industry Position: 252.6% above the Building Materials median (#90 of 411)
No single metric tells the full story. See the UCLQF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
UltraTech Cement Ltd produces and sells cement and cement-related products. The company generates the vast majority of its revenue in India. The company's product portfolio includes Ordinary Portland cement, Portland blast-furnace slag cement, and Portland Pozzolana cement. Ordinary Portland cement is used for a wide range of applications including concrete products, masonry, and plastering. The firm's customers are in the building and construction industries. Geographically, it operates in India as well as in other countries, of which India derives key revenue.
95GF Score
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