AdvantestATEYY -4.49%87 Return-on-Tangible-Asset is 49.68% as of Mar. 2026, which is 132% above its 10-year median of 21.38. GuruFocus rates ATEYY with a GF Score™ of 87/100 and a GF Value™ of $105.51 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,025 Semiconductors companies, Advantest ranks better than 98.93% 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. Advantest's annualizedNet Income for the quarter that ended in Mar. 2026 was $3,197 Mil. Advantest's average total tangible assets for the quarter that ended in Mar. 2026 was $6,435 Mil. Therefore, Advantest's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 49.68%.
The historical rank and industry rank for Advantest's Return-on-Tangible-Asset or its related term are showing as below:
ATEYY'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 6.95 Med: 21.38 Max: 41.63
Current: 41.63
During the past 13 years, Advantest's highest Return-on-Tangible-Asset was 41.63%. The lowest was 6.95%. And the median was 21.38%.
ATEYY's Return-on-Tangible-Asset is ranked better than 98.93% of 1025
companies
in the Semiconductors industry
Industry Median: 2.63
vs ATEYY: 41.63
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.
Advantest Return-on-Tangible-Asset Related Terms
Advantest Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Advantest'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.
ATEYY vs AMAT, LRCX, KLAC: Return-on-Tangible-Asset Comparison
For the Semiconductor Equipment & Materials subindustry, Advantest'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.
Advantest Return-on-Tangible-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Advantest's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Advantest'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 49.68% mean?
Advantest (ATEYY) has a Return-on-Tangible-Asset of 49.68% 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 Advantest and its competitors. This is 132% above median its historical median of 21.38. Over the past decade, Advantest's Return-on-Tangible-Asset has ranged from 6.95 to 41.63. According to the industry distribution chart, Advantest ranks #11 out of 1025 companies in the Semiconductors industry, placing it in the top 1.1%.
Is Advantest's Return-on-Tangible-Asset too high?
Advantest's current Return-on-Tangible-Asset of 49.68% is 132% above median its 10-year median of 21.38. Over the past 10 years, this metric has ranged from a low of 6.95 to a high of 41.63. The Semiconductors industry median Return-on-Tangible-Asset is 2.63. Advantest's value of 49.68% is 1789% above this industry median. Based on the distribution chart, Advantest ranks #11 out of 1025 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Advantest has a GF Score™ of 87/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Advantest's Return-on-Tangible-Asset compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Advantest ranks #11 out of 1025 companies for Return-on-Tangible-Asset. This places Advantest in the top 1% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.63. Advantest's value of 49.68% is 1789% above this benchmark. Historically, Advantest's own Return-on-Tangible-Asset has ranged from 6.95 to 41.63 over the past decade. While the company's 10-year median is 21.38 vs. the industry median of 2.63, Advantest 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 Semiconductors company?
The median Return-on-Tangible-Asset among Semiconductors companies is 2.63, based on 1,025 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. Advantest's current Return-on-Tangible-Asset of 49.68% is 1789% 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 Advantest and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Asset is 2.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Advantest's current Return-on-Tangible-Asset is 49.68%, which is 132% above median its own 10-year median of 21.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Advantest stock overvalued right now?
Based on GuruFocus' analysis, Advantest (ATEYY) is currently considered Significantly Overvalued. The stock's GF Value™ is $105.51, compared to a current price of $176.70 — trading 67.5% above its estimated fair value. The current Return-on-Tangible-Asset is 49.68%, which is 132% above median its 10-year median of 21.38 and 1789% above the Semiconductors industry median of 2.63. Advantest's overall GF Score™ is 87/100 with 4 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 Advantest (ATEYY), the current Return-on-Tangible-Asset is 49.68% 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 Advantest (ATEYY) Overvalued in 2026?
Based on GuruFocus' analysis, Advantest stock appears to be overvalued.
The current stock price of $176.70 is trading 67.5% above its estimated GF Value™ of $105.51.
GuruFocus considers Advantest to be Significantly Overvalued.
Key valuation signals for ATEYY:
Return-on-Tangible-Asset: 49.68% (132% above median its 10-year median of 21.38)
GF Value™: $105.51 vs. price of $176.70 (67.5% above fair value)
Industry Position: 1789% above the Semiconductors median (#11 of 1025)
No single metric tells the full story. See the ATEYY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 1954 and headquartered in Tokyo, Advantest specializes in semiconductor test systems and is a well-known leader in automated test equipment, or ATE. Advantest also has a high market share in test systems for nonmemory semiconductors, including application processors for mobile phones. The company is also involved in peripheral businesses, such as semiconductor device transport equipment. Following its acquisition of Verigy in July 2011, Advantest holds a market share of over 50% in the ATE market.
87GF Score
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