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Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. National Highways Infra Trust's annualized net income for the quarter that ended in Mar. 2026 was ₹8,182 Mil. National Highways Infra Trust's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹-206,441 Mil. Therefore, National Highways Infra Trust's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was Negative Tangible Equity%.
The historical rank and industry rank for National Highways Infra Trust's Return-on-Tangible-Equity or its related term are showing as below:
NSE:IVNHIT'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 86.11 Med: 86.11 Max: 86.11
Current: Negative Tangible Equity
During the past 6 years, National Highways Infra Trust's highest Return-on-Tangible-Equity was 86.11%. The lowest was 86.11%. And the median was 86.11%.
NSE:IVNHIT's Return-on-Tangible-Equity is ranked better than 99.89% of 928
companies
in the REITs industry
Industry Median: 6.265
vs NSE:IVNHIT: Negative Tangible Equity
National Highways Infra Trust (NSE:IVNHIT) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
National Highways Infra Trust Return-on-Tangible-Equity Related Terms
National Highways Infra Trust Return-on-Tangible-Equity Historical Data
* 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.
National Highways Infra Trust Return-on-Tangible-Equity Chart
NSE:IVNHIT vs EQIX, AMT, DLR: Return-on-Tangible-Equity Comparison
For the REIT - Specialty subindustry, National Highways Infra Trust's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
National Highways Infra Trust Return-on-Tangible-Equity vs REITs Industry
For the REITs industry and Real Estate sector, National Highways Infra Trust's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where National Highways Infra Trust's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of Negative Tangible Equity% mean?
National Highways Infra Trust (NSE:IVNHIT) has a Return-on-Tangible-Equity of Negative Tangible Equity% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on National Highways Infra Trust and its competitors. Over the past decade, National Highways Infra Trust's Return-on-Tangible-Equity has ranged from 86.11 to 86.11. According to the industry distribution chart, National Highways Infra Trust ranks #1 out of 928 companies in the REITs industry, placing it in the top 0.099999999999994%.
Is National Highways Infra Trust's Return-on-Tangible-Equity too high?
National Highways Infra Trust's current Return-on-Tangible-Equity is Negative Tangible Equity%. Over the past 10 years, this metric has ranged from a low of 86.11 to a high of 86.11. Based on the distribution chart, National Highways Infra Trust ranks #1 out of 928 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, National Highways Infra Trust has a GF Score™ of 46/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does National Highways Infra Trust's Return-on-Tangible-Equity compare to EQIX and AMT?
According to the REITs industry distribution chart, National Highways Infra Trust ranks #1 out of 928 companies for Return-on-Tangible-Equity. This places National Highways Infra Trust in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.27. Historically, National Highways Infra Trust's own Return-on-Tangible-Equity has ranged from 86.11 to 86.11 over the past decade. 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-Equity for a REITs company?
The median Return-on-Tangible-Equity among REITs companies is 6.27, based on 928 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on National Highways Infra Trust and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Highways Infra Trust's current Return-on-Tangible-Equity is Negative Tangible Equity%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Highways Infra Trust stock overvalued right now?
Based on GuruFocus' analysis, National Highways Infra Trust (NSE:IVNHIT) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹244.79, compared to a current price of ₹168.50 — trading 31.2% below its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. National Highways Infra Trust's overall GF Score™ is 46/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For National Highways Infra Trust (NSE:IVNHIT), the current Return-on-Tangible-Equity is Negative Tangible Equity% as of Mar. 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 National Highways Infra Trust (NSE:IVNHIT) Overvalued in 2026?
Based on GuruFocus' analysis, National Highways Infra Trust stock appears to be undervalued.
The current stock price of ₹168.50 is trading 31.2% below its estimated GF Value™ of ₹244.79.
GuruFocus considers National Highways Infra Trust to be Modestly Undervalued.
No single metric tells the full story. See the NSE:IVNHIT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Highways Infra Trust Business Description
National Highways Infra Trust is an infrastructure investment trust established for making investments in special purpose vehicles. Its projects include the Abu Road Project, Swaroopganj Project, Kota & Chittorgarh Bypass Project, Kurnool Highway Project, and Belgaum Project.
46GF Score
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