DiscoDSCSY -0.02%96 Return-on-Tangible-Asset is 23.94% as of Mar. 2026, which is 50% above its 10-year median of 15.95. GuruFocus rates DSCSY with a GF Score™ of 96/100 and a GF Value™ of $36.49 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,025 Semiconductors companies, Disco ranks better than 94.24% 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. Disco's annualizedNet Income for the quarter that ended in Mar. 2026 was $1,081 Mil. Disco's average total tangible assets for the quarter that ended in Mar. 2026 was $4,516 Mil. Therefore, Disco's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 23.94%.
The historical rank and industry rank for Disco's Return-on-Tangible-Asset or its related term are showing as below:
DSCSY'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 10.4 Med: 15.95 Max: 20.48
Current: 20.25
During the past 13 years, Disco's highest Return-on-Tangible-Asset was 20.48%. The lowest was 10.40%. And the median was 15.95%.
DSCSY's Return-on-Tangible-Asset is ranked better than 94.24% of 1025
companies
in the Semiconductors industry
Industry Median: 2.63
vs DSCSY: 20.25
Disco (OTCPK:DSCSY) 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.
Disco Return-on-Tangible-Asset Related Terms
Disco Return-on-Tangible-Asset Historical Data
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The historical data trend for Disco'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.
DSCSY vs AMAT, LRCX, KLAC: Return-on-Tangible-Asset Comparison
For the Semiconductor Equipment & Materials subindustry, Disco'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.
Disco Return-on-Tangible-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Disco's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Disco'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 23.94% mean?
Disco (DSCSY) has a Return-on-Tangible-Asset of 23.94% 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 Disco and its competitors. This is 50% above median its historical median of 15.95. Over the past decade, Disco's Return-on-Tangible-Asset has ranged from 10.40 to 20.48. According to the industry distribution chart, Disco ranks #59 out of 1025 companies in the Semiconductors industry, placing it in the top 5.8%.
Is Disco's Return-on-Tangible-Asset too high?
Disco's current Return-on-Tangible-Asset of 23.94% is 50% above median its 10-year median of 15.95. Over the past 10 years, this metric has ranged from a low of 10.40 to a high of 20.48. The Semiconductors industry median Return-on-Tangible-Asset is 2.63. Disco's value of 23.94% is 810.3% above this industry median. Based on the distribution chart, Disco ranks #59 out of 1025 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Disco has a GF Score™ of 96/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Disco's Return-on-Tangible-Asset compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Disco ranks #59 out of 1025 companies for Return-on-Tangible-Asset. This places Disco in the top 6% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.63. Disco's value of 23.94% is 810.3% above this benchmark. Historically, Disco's own Return-on-Tangible-Asset has ranged from 10.40 to 20.48 over the past decade. While the company's 10-year median is 15.95 vs. the industry median of 2.63, Disco 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. Disco's current Return-on-Tangible-Asset of 23.94% is 810.3% 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 Disco 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. Disco's current Return-on-Tangible-Asset is 23.94%, which is 50% above median its own 10-year median of 15.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Disco stock overvalued right now?
Based on GuruFocus' analysis, Disco (DSCSY) is currently considered Modestly Overvalued. The stock's GF Value™ is $36.49, compared to a current price of $45.42 — trading 24.5% above its estimated fair value. The current Return-on-Tangible-Asset is 23.94%, which is 50% above median its 10-year median of 15.95 and 810.3% above the Semiconductors industry median of 2.63. Disco's overall GF Score™ is 96/100 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 Disco (DSCSY), the current Return-on-Tangible-Asset is 23.94% 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 Disco (DSCSY) Overvalued in 2026?
Based on GuruFocus' analysis, Disco stock appears to be overvalued.
The current stock price of $45.42 is trading 24.5% above its estimated GF Value™ of $36.49.
GuruFocus considers Disco to be Modestly Overvalued.
Key valuation signals for DSCSY:
Return-on-Tangible-Asset: 23.94% (50% above median its 10-year median of 15.95)
GF Value™: $36.49 vs. price of $45.42 (24.5% above fair value)
Industry Position: 810.3% above the Semiconductors median (#59 of 1025)
No single metric tells the full story. See the DSCSY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Disco is a Japan-based semiconductor production equipment manufacturer. Founded in 1937, the company manufactures diamond, water, and laser saws, as well as grinders and polishers, used mainly in back-end processes of semiconductor manufacturing, which involves treating processed silicon during the front-end process by thinning and dicing the wafers into bare dies for packaging.It is the world's largest manufacturer of semiconductor-grade saws and grinders, with an estimated 60%-70% market share in the semiconductor dicing and grinding industry as of 2025. The company operates three main factories, all located in Hiroshima and Nagano, Japan.
96GF Score
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