Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
AEON CoAONNF +3.71%68 Return-on-Tangible-Asset is 2.30% as of Feb. 2026, which is 900% above its 10-year median of 0.23. GuruFocus rates AONNF with a GF Score™ of 68/100 and a GF Value™ of $9.27. The stock has 5 warning signs investors should review. Among 1,134 Retail - Cyclical companies, AEON Co ranks worse than 65.87% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. AEON Co's annualizedNet Income for the quarter that ended in Feb. 2026 was $2,156 Mil. AEON Co's average total tangible assets for the quarter that ended in Feb. 2026 was $93,665 Mil. Therefore, AEON Co's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2026 was 2.30%.
The historical rank and industry rank for AEON Co's Return-on-Tangible-Asset or its related term are showing as below:
AONNF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.65 Med: 0.23 Max: 0.65
Current: 0.65
During the past 13 years, AEON Co's highest Return-on-Tangible-Asset was 0.65%. The lowest was -0.65%. And the median was 0.23%.
AONNF's Return-on-Tangible-Asset is ranked worse than 65.87% of 1134
companies
in the Retail - Cyclical industry
Industry Median: 2.92
vs AONNF: 0.65
AEON Co (OTCPK:AONNF) Return-on-Tangible-Asset Explanation
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.
AEON Co Return-on-Tangible-Asset Related Terms
AEON Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for AEON Co's Return-on-Tangible-Asset 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.
AONNF vs DDS, M: Return-on-Tangible-Asset Comparison
For the Department Stores subindustry, AEON Co'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.
AEON Co Return-on-Tangible-Asset vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, AEON Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where AEON Co'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 (Feb. 2026) net income data.
What does a Return-on-Tangible-Asset of 2.30% mean?
AEON Co (AONNF) has a Return-on-Tangible-Asset of 2.30% as of Feb. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on AEON Co and its competitors. This is 900% above median its historical median of 0.23. According to the industry distribution chart, AEON Co ranks #747 out of 1134 companies in the Retail - Cyclical industry, placing it in the top 65.9%.
Is AEON Co's Return-on-Tangible-Asset too high?
AEON Co's current Return-on-Tangible-Asset of 2.30% is 900% above median its 10-year median of 0.23. The Retail - Cyclical industry median Return-on-Tangible-Asset is 2.92. AEON Co's value of 2.30% is 21.2% below this industry median. Based on the distribution chart, AEON Co ranks #747 out of 1134 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, AEON Co has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does AEON Co's Return-on-Tangible-Asset compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, AEON Co ranks #747 out of 1134 companies for Return-on-Tangible-Asset. This places AEON Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.92. AEON Co's value of 2.30% is 21.2% below this benchmark. While the company's 10-year median is 0.23 vs. the industry median of 2.92, AEON Co 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 Return-on-Tangible-Asset for a Retail - Cyclical company?
The median Return-on-Tangible-Asset among Retail - Cyclical companies is 2.92, based on 1,134 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. AEON Co's current Return-on-Tangible-Asset of 2.30% 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 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 AEON Co and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Asset is 2.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AEON Co's current Return-on-Tangible-Asset is 2.30%, which is 900% above median its own 10-year median of 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AEON Co stock overvalued right now?
AEON Co (AONNF) has a current Return-on-Tangible-Asset of 2.30%. The stock's GF Value™ is $9.27, compared to a current price of $9.75 — trading 5.2% above its estimated fair value. The current Return-on-Tangible-Asset is 2.30%, which is 900% above median its 10-year median of 0.23 and 21.2% below the Retail - Cyclical industry median of 2.92. AEON Co's overall GF Score™ is 68/100 with 5 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 AEON Co (AONNF), the current Return-on-Tangible-Asset is 2.30% as of Feb. 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 AEON Co (AONNF) Overvalued in 2026?
Based on GuruFocus' analysis, AEON Co stock appears to be overvalued.
The current stock price of $9.75 is trading 5.2% above its estimated GF Value™ of $9.27.
Key valuation signals for AONNF:
Return-on-Tangible-Asset: 2.30% (900% above median its 10-year median of 0.23)
GF Value™: $9.27 vs. price of $9.75 (5.2% above fair value)
Industry Position: 21.2% below the Retail - Cyclical median (#747 of 1134)
No single metric tells the full story. See the AONNF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AEON Co Ltd is a holding company engaged in comprehensive finance, development, and services with a focus on retail businesses. The Comprehensive Finance segment covers credit cards, banking, insurance, and related services. The Developer segment handles shopping center development, leasing, facility management, amusement, and restaurants. The Discount Store (DS) segment operates discount stores, while the General Supermarket (GMS) segment includes supermarkets and bento delicatessen specialty stores. The Health & Wellness segment runs drugstores and pharmacies. The International segment focuses on retail in ASEAN and China. Services/Specialty Store includes casual fashion, footwear, and variety goods. Supermarket (SM) operates supermarkets, convenience stores, and small outlets.
68GF Score
Get the complete analysis for AONNF
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
AONNF has been successfully added to your 
