Page IndustriesNSE:PAGEIND -0.20%96 ROA % is 25.03% as of Mar. 2026, which is 4% below its 10-year median of 26.20. GuruFocus rates NSE:PAGEIND with a GF Score™ of 96/100 and a GF Value™ of ₹45,470.10 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,063 Manufacturing - Apparel & Accessories companies, Page Industries ranks better than 99.15% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Page Industries's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹7,149 Mil.
Page Industries's average Total Assets over the quarter that ended in Mar. 2026 was ₹28,564 Mil. Therefore, Page Industries's annualized ROA % for the quarter that ended in Mar. 2026 was 25.03%.
The historical rank and industry rank for Page Industries's ROA % or its related term are showing as below:
NSE:PAGEIND'
s ROA % Range Over the Past 10 Years
Min: 21.18 Med: 26.2 Max: 28.52
Current: 27.66
During the past 13 years, Page Industries's highest ROA % was 28.52%. The lowest was 21.18%. And the median was 26.20%.
NSE:PAGEIND's ROA % is ranked better than 99.15% of 1063
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.92
vs NSE:PAGEIND: 27.66
Page Industries (NSE:PAGEIND) 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.
Page Industries ROA % Related Terms
Page Industries ROA % Historical Data
* Premium members only.
The historical data trend for Page Industries'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 Apparel Manufacturing subindustry, Page Industries'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.
Page Industries ROA % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Page Industries's ROA % distribution charts can be found below:
* The bar in red indicates where Page Industries'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.
Page Industries (NSE:PAGEIND) has a ROA % of 25.03% 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 Page Industries and its competitors. This is near median its historical median of 26.20. Over the past decade, Page Industries' ROA % has ranged from 21.18 to 28.52. According to the industry distribution chart, Page Industries ranks #9 out of 1063 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 0.8%.
Is Page Industries' ROA % too high?
Page Industries' current ROA % of 25.03% is near median its 10-year median of 26.20. Over the past 10 years, this metric has ranged from a low of 21.18 to a high of 28.52. The Manufacturing - Apparel & Accessories industry median ROA % is 1.92. Page Industries' value of 25.03% is 1203.6% above this industry median. Based on the distribution chart, Page Industries ranks #9 out of 1063 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Page Industries has a GF Score™ of 96/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Page Industries' ROA % compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Page Industries ranks #9 out of 1063 companies for ROA %. This places Page Industries in the top 1% of its industry — outperforming the majority of peers. The industry median ROA % is 1.92. Page Industries' value of 25.03% is 1203.6% above this benchmark. Historically, Page Industries' own ROA % has ranged from 21.18 to 28.52 over the past decade. While the company's 10-year median is 26.20 vs. the industry median of 1.92, Page Industries 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 ROA % for a Manufacturing - Apparel & Accessories company?
The median ROA % among Manufacturing - Apparel & Accessories companies is 1.92, based on 1,063 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. Page Industries's current ROA % of 25.03% is 1203.6% 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 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 Page Industries and its competitors. For the Manufacturing - Apparel & Accessories industry, the median ROA % is 1.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Page Industries's current ROA % is 25.03%, which is near median its own 10-year median of 26.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Page Industries stock overvalued right now?
Based on GuruFocus' analysis, Page Industries (NSE:PAGEIND) is currently considered Fairly Valued. The stock's GF Value™ is ₹45,470.10, compared to a current price of ₹42,800.00 — trading 5.9% below its estimated fair value. The current ROA % is 25.03%, which is near median its 10-year median of 26.20 and 1203.6% above the Manufacturing - Apparel & Accessories industry median of 1.92. Page Industries' overall GF Score™ is 96/100 with 3 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 Page Industries (NSE:PAGEIND), the current ROA % is 25.03% 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 Page Industries (NSE:PAGEIND) Overvalued in 2026?
Based on GuruFocus' analysis, Page Industries stock appears to be undervalued.
The current stock price of ₹42,800.00 is trading 5.9% below its estimated GF Value™ of ₹45,470.10.
GuruFocus considers Page Industries to be Fairly Valued.
Key valuation signals for NSE:PAGEIND:
ROA %: 25.03% (near median its 10-year median of 26.20)
GF Value™: ₹45,470.10 vs. price of ₹42,800.00 (5.9% below fair value)
Industry Position: 1203.6% above the Manufacturing - Apparel & Accessories median (#9 of 1063)
No single metric tells the full story. See the NSE:PAGEIND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Page Industries Ltd is the exclusive licensee for the manufacture, marketing, and distribution of Jockey and Speedo-branded innerwear, swimwear, and other apparel in India. The company also has the rights to Jockey in Sri Lanka, Bangladesh, Nepal, and the United Arab Emirates. Sales of innerwear and leisurewear products contribute a substantial amount to the company's revenue. Swimwear and other items make up the remaining revenue. The company sells its products through exclusive brand stores, some of which are run by franchisees, large-format stores, multibrand stores, and its e-commerce channel. The company's segments are; Innerwear and leisurewear which derives key revenue, and others. Geographically, the majority of the company's revenue is generated within India.
96GF Score
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