Tata Motors Passenger VehiclesNSE:TMPV -1.37%69 Return-on-Tangible-Asset is 8.43% as of Mar. 2026, which is 358% above its 10-year median of 1.84. GuruFocus rates NSE:TMPV with a GF Score™ of 69/100 and a GF Value™ of ₹333.21 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,337 Vehicles & Parts companies, Tata Motors Passenger Vehicles ranks better than 99.48% on this metric.
The historical rank and industry rank for Tata Motors Passenger Vehicles's Return-on-Tangible-Asset or its related term are showing as below:
NSE:TMPV'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -11.84 Med: 1.84 Max: 30.09
Current: 30.09
During the past 13 years, Tata Motors Passenger Vehicles's highest Return-on-Tangible-Asset was 30.09%. The lowest was -11.84%. And the median was 1.84%.
NSE:TMPV's Return-on-Tangible-Asset is ranked better than 99.48% of 1337
companies
in the Vehicles & Parts industry
Industry Median: 3.11
vs NSE:TMPV: 30.09
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.
Tata Motors Passenger Vehicles Return-on-Tangible-Asset Related Terms
Tata Motors Passenger Vehicles Return-on-Tangible-Asset 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.
NSE:TMPV vs TSLA, GM, F: Return-on-Tangible-Asset Comparison
For the Auto Manufacturers subindustry, Tata Motors Passenger Vehicles'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.
Tata Motors Passenger Vehicles Return-on-Tangible-Asset vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Tata Motors Passenger Vehicles's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Tata Motors Passenger Vehicles'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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 8.43% mean?
Tata Motors Passenger Vehicles (NSE:TMPV) has a Return-on-Tangible-Asset of 8.43% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Tata Motors Passenger Vehicles and its competitors. This is 358% above median its historical median of 1.84. According to the industry distribution chart, Tata Motors Passenger Vehicles ranks #7 out of 1337 companies in the Vehicles & Parts industry, placing it in the top 0.5%.
Is Tata Motors Passenger Vehicles' Return-on-Tangible-Asset too high?
Tata Motors Passenger Vehicles' current Return-on-Tangible-Asset of 8.43% is 358% above median its 10-year median of 1.84. The Vehicles & Parts industry median Return-on-Tangible-Asset is 3.11. Tata Motors Passenger Vehicles' value of 8.43% is 171.1% above this industry median. Based on the distribution chart, Tata Motors Passenger Vehicles ranks #7 out of 1337 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Tata Motors Passenger Vehicles has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tata Motors Passenger Vehicles' Return-on-Tangible-Asset compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Tata Motors Passenger Vehicles ranks #7 out of 1337 companies for Return-on-Tangible-Asset. This places Tata Motors Passenger Vehicles in the top 1% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.11. Tata Motors Passenger Vehicles' value of 8.43% is 171.1% above this benchmark. While the company's 10-year median is 1.84 vs. the industry median of 3.11, Tata Motors Passenger Vehicles 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 Vehicles & Parts company?
The median Return-on-Tangible-Asset among Vehicles & Parts companies is 3.11, based on 1,337 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. Tata Motors Passenger Vehicles's current Return-on-Tangible-Asset of 8.43% is 171.1% 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 Tata Motors Passenger Vehicles and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Asset is 3.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tata Motors Passenger Vehicles's current Return-on-Tangible-Asset is 8.43%, which is 358% above median its own 10-year median of 1.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tata Motors Passenger Vehicles stock overvalued right now?
Based on GuruFocus' analysis, Tata Motors Passenger Vehicles (NSE:TMPV) is currently considered Fairly Valued. The stock's GF Value™ is ₹333.21, compared to a current price of ₹349.70 — trading 4.9% above its estimated fair value. The current Return-on-Tangible-Asset is 8.43%, which is 358% above median its 10-year median of 1.84 and 171.1% above the Vehicles & Parts industry median of 3.11. Tata Motors Passenger Vehicles' overall GF Score™ is 69/100 with 6 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 Tata Motors Passenger Vehicles (NSE:TMPV), the current Return-on-Tangible-Asset is 8.43% 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 Tata Motors Passenger Vehicles (NSE:TMPV) Overvalued in 2026?
Based on GuruFocus' analysis, Tata Motors Passenger Vehicles stock appears to be overvalued.
The current stock price of ₹349.70 is trading 4.9% above its estimated GF Value™ of ₹333.21.
GuruFocus considers Tata Motors Passenger Vehicles to be Fairly Valued.
Key valuation signals for NSE:TMPV:
Return-on-Tangible-Asset: 8.43% (358% above median its 10-year median of 1.84)
GF Value™: ₹333.21 vs. price of ₹349.70 (4.9% above fair value)
Industry Position: 171.1% above the Vehicles & Parts median (#7 of 1337)
No single metric tells the full story. See the NSE:TMPV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tata Motors Passenger Vehicles Business Description
Tata Motors Passenger Vehicles Ltd Formerly Tata Motors Ltd designs, manufactures and sells a wide range of automotive vehicles and provides information technology services. The company also manufactures engines for industrial applications. Its operating segments include Automotive and Others. It mainly operates in the automotive business. The automotive business includes all activities relating to development, design, manufacture, assembly and sale of vehicles, as well as sale of related parts, accessories and services. The Automotive segment consists of three reportable sub-segments: Tata Commercial Vehicles, Tata Passenger Vehicles and Jaguar Land Rover of which majority of revenue comes from Jaguar Land Rover. It has majority of sales from India followed by United States, UK, etc.
69GF Score
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