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PNB GiltsBOM:532366 +1.16%81 ROA % is 1.19% as of Jun. 2026, which is 42% above its 10-year median of 0.84. GuruFocus rates BOM:532366 with a GF Score™ of 81/100 and a GF Value™ of ₹99.06 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 812 Capital Markets companies, PNB Gilts ranks worse than 65.15% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. PNB Gilts's annualizedNet Income for the quarter that ended in Jun. 2026 was ₹3,228 Mil.
PNB Gilts's average Total Assets over the quarter that ended in Jun. 2026 was ₹270,604 Mil. Therefore, PNB Gilts's annualized ROA % for the quarter that ended in Jun. 2026 was 1.19%.
The historical rank and industry rank for PNB Gilts's ROA % or its related term are showing as below:
BOM:532366'
s ROA % Range Over the Past 10 Years
Min: -0.4 Med: 0.84 Max: 3.44
Current: 0.39
During the past 13 years, PNB Gilts's highest ROA % was 3.44%. The lowest was -0.40%. And the median was 0.84%.
BOM:532366's ROA % is ranked worse than 65.15% of 812
companies
in the Capital Markets industry
Industry Median: 1.51
vs BOM:532366: 0.39
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 (Jun. 2026) net income data. The Revenue data used here is four times the quarterly (Jun. 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.
PNB Gilts ROA % Related Terms
PNB Gilts ROA % Historical Data
* Premium members only.
The historical data trend for PNB Gilts's ROA % 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.
For the Capital Markets subindustry, PNB Gilts'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.
PNB Gilts ROA % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, PNB Gilts's ROA % distribution charts can be found below:
* The bar in red indicates where PNB Gilts'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 (Jun. 2026) net income data.
ROA % is displayed in the 30-year financial page.
PNB Gilts (BOM:532366) has a ROA % of 1.19% as of Jun. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on PNB Gilts and its competitors. This is 42% above median its historical median of 0.84. According to the industry distribution chart, PNB Gilts ranks #529 out of 812 companies in the Capital Markets industry, placing it in the top 65.1%.
Is PNB Gilts' ROA % too high?
PNB Gilts' current ROA % of 1.19% is 42% above median its 10-year median of 0.84. The Capital Markets industry median ROA % is 1.51. PNB Gilts' value of 1.19% is 21.2% below this industry median. Based on the distribution chart, PNB Gilts ranks #529 out of 812 companies in the Capital Markets industry, which is below the industry midpoint. Overall, PNB Gilts has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PNB Gilts' ROA % compare to MS and GS?
According to the Capital Markets industry distribution chart, PNB Gilts ranks #529 out of 812 companies for ROA %. This places PNB Gilts in the lower half of its industry. The industry median ROA % is 1.51. PNB Gilts' value of 1.19% is 21.2% below this benchmark. While the company's 10-year median is 0.84 vs. the industry median of 1.51, PNB Gilts has consistently been below 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 ROA % for a Capital Markets company?
The median ROA % among Capital Markets companies is 1.51, based on 812 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. PNB Gilts's current ROA % of 1.19% is 21.2% below 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 PNB Gilts and its competitors. For the Capital Markets industry, the median ROA % is 1.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PNB Gilts's current ROA % is 1.19%, which is 42% above median its own 10-year median of 0.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PNB Gilts stock overvalued right now?
Based on GuruFocus' analysis, PNB Gilts (BOM:532366) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹99.06, compared to a current price of ₹80.45 — trading 18.8% below its estimated fair value. The current ROA % is 1.19%, which is 42% above median its 10-year median of 0.84 and 21.2% below the Capital Markets industry median of 1.51. PNB Gilts' overall GF Score™ is 81/100 with 6 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 PNB Gilts (BOM:532366), the current ROA % is 1.19% 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 PNB Gilts (BOM:532366) Overvalued in 2026?
Based on GuruFocus' analysis, PNB Gilts stock appears to be undervalued.
The current stock price of ₹80.45 is trading 18.8% below its estimated GF Value™ of ₹99.06.
GuruFocus considers PNB Gilts to be Modestly Undervalued.
Key valuation signals for BOM:532366:
ROA %: 1.19% (42% above median its 10-year median of 0.84)
GF Value™: ₹99.06 vs. price of ₹80.45 (18.8% below fair value)
Industry Position: 21.2% below the Capital Markets median (#529 of 812)
No single metric tells the full story. See the BOM:532366 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PNB Gilts Ltd is engaged in the activities of supporting government borrowing program via underwriting of government securities issuances and trade in a gamut of fixed income instruments such as Government securities, Treasury Bills, State Development Loans, Corporate Bonds, Interest Rate Swaps and various money market instruments such as Certificates of Deposits, Commercial Papers, and Others. Its services are Gilts account, Debt capital Market, and Retailing.
81GF Score
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