Daiwa Securities GroupDSECF -0.97%68 Return-on-Tangible-Asset is 0.52% as of Mar. 2026, which is 21% above its 10-year median of 0.43. GuruFocus rates DSECF with a GF Score™ of 68/100 and a GF Value™ of $7.33 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 815 Capital Markets companies, Daiwa Securities Group ranks worse than 64.42% 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. Daiwa Securities Group's annualizedNet Income for the quarter that ended in Mar. 2026 was $1,257 Mil. Daiwa Securities Group's average total tangible assets for the quarter that ended in Mar. 2026 was $242,784 Mil. Therefore, Daiwa Securities Group's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 0.52%.
The historical rank and industry rank for Daiwa Securities Group's Return-on-Tangible-Asset or its related term are showing as below:
DSECF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.24 Med: 0.43 Max: 0.54
Current: 0.48
During the past 13 years, Daiwa Securities Group's highest Return-on-Tangible-Asset was 0.54%. The lowest was 0.24%. And the median was 0.43%.
DSECF's Return-on-Tangible-Asset is ranked worse than 64.42% of 815
companies
in the Capital Markets industry
Industry Median: 1.54
vs DSECF: 0.48
Daiwa Securities Group (OTCPK:DSECF) 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.
Daiwa Securities Group Return-on-Tangible-Asset Related Terms
Daiwa Securities Group Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Daiwa Securities Group'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.
Daiwa Securities Group Return-on-Tangible-Asset Chart
DSECF vs MS, GS, SCHW: Return-on-Tangible-Asset Comparison
For the Capital Markets subindustry, Daiwa Securities Group'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.
Daiwa Securities Group Return-on-Tangible-Asset vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Daiwa Securities Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Daiwa Securities Group'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 0.52% mean?
Daiwa Securities Group (DSECF) has a Return-on-Tangible-Asset of 0.52% 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 Daiwa Securities Group and its competitors. This is 21% above median its historical median of 0.43. Over the past decade, Daiwa Securities Group's Return-on-Tangible-Asset has ranged from 0.24 to 0.54. According to the industry distribution chart, Daiwa Securities Group ranks #525 out of 815 companies in the Capital Markets industry, placing it in the top 64.4%.
Is Daiwa Securities Group's Return-on-Tangible-Asset too high?
Daiwa Securities Group's current Return-on-Tangible-Asset of 0.52% is 21% above median its 10-year median of 0.43. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 0.54. The Capital Markets industry median Return-on-Tangible-Asset is 1.54. Daiwa Securities Group's value of 0.52% is 66.2% below this industry median. Based on the distribution chart, Daiwa Securities Group ranks #525 out of 815 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Daiwa Securities Group has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Daiwa Securities Group's Return-on-Tangible-Asset compare to MS and GS?
According to the Capital Markets industry distribution chart, Daiwa Securities Group ranks #525 out of 815 companies for Return-on-Tangible-Asset. This places Daiwa Securities Group in the lower half of its industry. The industry median Return-on-Tangible-Asset is 1.54. Daiwa Securities Group's value of 0.52% is 66.2% below this benchmark. Historically, Daiwa Securities Group's own Return-on-Tangible-Asset has ranged from 0.24 to 0.54 over the past decade. While the company's 10-year median is 0.43 vs. the industry median of 1.54, Daiwa Securities Group 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 Capital Markets company?
The median Return-on-Tangible-Asset among Capital Markets companies is 1.54, based on 815 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. Daiwa Securities Group's current Return-on-Tangible-Asset of 0.52% is 66.2% 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 Daiwa Securities Group and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Asset is 1.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Daiwa Securities Group's current Return-on-Tangible-Asset is 0.52%, which is 21% above median its own 10-year median of 0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Daiwa Securities Group stock overvalued right now?
Based on GuruFocus' analysis, Daiwa Securities Group (DSECF) is currently considered Significantly Overvalued. The stock's GF Value™ is $7.33, compared to a current price of $9.69 — trading 32.1% above its estimated fair value. The current Return-on-Tangible-Asset is 0.52%, which is 21% above median its 10-year median of 0.43 and 66.2% below the Capital Markets industry median of 1.54. Daiwa Securities Group's overall GF Score™ is 68/100 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 Daiwa Securities Group (DSECF), the current Return-on-Tangible-Asset is 0.52% 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 Daiwa Securities Group (DSECF) Overvalued in 2026?
Based on GuruFocus' analysis, Daiwa Securities Group stock appears to be overvalued.
The current stock price of $9.69 is trading 32.1% above its estimated GF Value™ of $7.33.
GuruFocus considers Daiwa Securities Group to be Significantly Overvalued.
Key valuation signals for DSECF:
Return-on-Tangible-Asset: 0.52% (21% above median its 10-year median of 0.43)
GF Value™: $7.33 vs. price of $9.69 (32.1% above fair value)
Industry Position: 66.2% below the Capital Markets median (#525 of 815)
No single metric tells the full story. See the DSECF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Daiwa Securities Group Inc is a Japan-based financial services company. The company operates through four segments. The Asset Management Division manages investment trusts, funds, and corporations across assets, including private equity, real estate, renewable energy, and infrastructure, while also offering advisory services to institutional investors in Japan and overseas. The Global Markets & Investment Banking Division handles sales and trading of securities, foreign exchange, and derivatives, and provides underwriting and M&A advisory. The Wealth Management Division serves individuals and private corporate clients with diverse financial products. Others include subsidiary management, information services, administration, and real estate leasing.
68GF Score
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