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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Photon Capital Advisors's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹48.08 Mil.
Photon Capital Advisors's average Total Assets over the quarter that ended in Mar. 2026 was ₹278.01 Mil. Therefore, Photon Capital Advisors's annualized ROA % for the quarter that ended in Mar. 2026 was 17.29%.
The historical rank and industry rank for Photon Capital Advisors's ROA % or its related term are showing as below:
BOM:509084'
s ROA % Range Over the Past 10 Years
Min: -21.3 Med: -2.45 Max: 19.74
Current: 11.21
During the past 13 years, Photon Capital Advisors's highest ROA % was 19.74%. The lowest was -21.30%. And the median was -2.45%.
BOM:509084's ROA % is ranked better than 74.05% of 1634
companies
in the Asset Management industry
Industry Median: 4.335
vs BOM:509084: 11.21
Photon Capital Advisors (BOM:509084) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % 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 ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
* 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.
For the Asset Management subindustry, Photon Capital Advisors's ROA %, along with its competitors' market caps and ROA % 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.
Photon Capital Advisors ROA % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Photon Capital Advisors's ROA % distribution charts can be found below:
* The bar in red indicates where Photon Capital Advisors's ROA % 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 ROA %, the net income of the last fiscal year and the average total assets 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.
ROA % is displayed in the 30-year financial page.
Photon Capital Advisors (BOM:509084) has a ROA % of 17.29% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Photon Capital Advisors and its competitors. According to the industry distribution chart, Photon Capital Advisors ranks #424 out of 1634 companies in the Asset Management industry, placing it in the top 25.9%.
Is Photon Capital Advisors' ROA % too high?
Photon Capital Advisors' current ROA % is 17.29%. The Asset Management industry median ROA % is 4.34. Photon Capital Advisors' value of 17.29% is 298.8% above this industry median. Based on the distribution chart, Photon Capital Advisors ranks #424 out of 1634 companies in the Asset Management industry, which is above the industry midpoint. Overall, Photon Capital Advisors has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Photon Capital Advisors' ROA % compare to BLK and BX?
According to the Asset Management industry distribution chart, Photon Capital Advisors ranks #424 out of 1634 companies for ROA %. This puts Photon Capital Advisors in the upper half of its industry. The industry median ROA % is 4.34. Photon Capital Advisors' value of 17.29% is 298.8% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROA % for an Asset Management company?
The median ROA % among Asset Management companies is 4.34, based on 1,634 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Photon Capital Advisors's current ROA % of 17.29% is 298.8% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Photon Capital Advisors and its competitors. For the Asset Management industry, the median ROA % is 4.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Photon Capital Advisors's current ROA % is 17.29%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Photon Capital Advisors stock overvalued right now?
Based on GuruFocus' analysis, Photon Capital Advisors (BOM:509084) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹409.15, compared to a current price of ₹334.60 — trading 18.2% below its estimated fair value. The current ROA % is 17.29% and 298.8% above the Asset Management industry median of 4.34. Photon Capital Advisors' overall GF Score™ is 66/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Photon Capital Advisors (BOM:509084), the current ROA % is 17.29% 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 Photon Capital Advisors (BOM:509084) Overvalued in 2026?
Based on GuruFocus' analysis, Photon Capital Advisors stock appears to be undervalued.
The current stock price of ₹334.60 is trading 18.2% below its estimated GF Value™ of ₹409.15.
GuruFocus considers Photon Capital Advisors to be Modestly Undervalued.
Key valuation signals for BOM:509084:
ROA %: 17.29%
GF Value™: ₹409.15 vs. price of ₹334.60 (18.2% below fair value)
Industry Position: 298.8% above the Asset Management median (#424 of 1634)
No single metric tells the full story. See the BOM:509084 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Photon Capital Advisors Ltd is an adviser to hedge funds, family offices, high net worth individuals, and investment partnerships that invest in India. It aims to generate superior returns by guiding investments across asset classes including equities, equity derivatives, index derivatives, debt, commodities, and real estate. The company also manages proprietary funds which are presently closed to external investors. The company generates maximum revenue from the sale of Investments.
66GF Score
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