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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.
Ichigo Office REIT Investment Return-on-Tangible-Asset Related Terms
Ichigo Office REIT Investment 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.
FCRQF vs BXP, ARE, VNO: Return-on-Tangible-Asset Comparison
For the REIT - Office subindustry, Ichigo Office REIT Investment'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.
Ichigo Office REIT Investment Return-on-Tangible-Asset vs REITs Industry
For the REITs industry and Real Estate sector, Ichigo Office REIT Investment's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Ichigo Office REIT Investment'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 two times the semi-annual (Apr. 2026) net income data.
What does a Return-on-Tangible-Asset of 2.94% mean?
Ichigo Office REIT Investment (FCRQF) has a Return-on-Tangible-Asset of 2.94% as of Apr. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Ichigo Office REIT Investment and its competitors. This is near median its historical median of 3.04. Over the past decade, Ichigo Office REIT Investment's Return-on-Tangible-Asset has ranged from 1.71 to 4.20. According to the industry distribution chart, Ichigo Office REIT Investment ranks #467 out of 921 companies in the REITs industry, placing it in the top 50.7%.
Is Ichigo Office REIT Investment's Return-on-Tangible-Asset too high?
Ichigo Office REIT Investment's current Return-on-Tangible-Asset of 2.94% is near median its 10-year median of 3.04. Over the past 10 years, this metric has ranged from a low of 1.71 to a high of 4.20. The REITs industry median Return-on-Tangible-Asset is 3.31. Ichigo Office REIT Investment's value of 2.94% is 11.2% below this industry median. Based on the distribution chart, Ichigo Office REIT Investment ranks #467 out of 921 companies in the REITs industry, which is below the industry midpoint. Overall, Ichigo Office REIT Investment has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does Ichigo Office REIT Investment's Return-on-Tangible-Asset compare to BXP and ARE?
According to the REITs industry distribution chart, Ichigo Office REIT Investment ranks #467 out of 921 companies for Return-on-Tangible-Asset. This places Ichigo Office REIT Investment in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.31. Ichigo Office REIT Investment's value of 2.94% is 11.2% below this benchmark. Historically, Ichigo Office REIT Investment's own Return-on-Tangible-Asset has ranged from 1.71 to 4.20 over the past decade. While the company's 10-year median is 3.04 vs. the industry median of 3.31, Ichigo Office REIT Investment 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 REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.31, based on 921 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. Ichigo Office REIT Investment's current Return-on-Tangible-Asset of 2.94% is 11.2% 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 Ichigo Office REIT Investment and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ichigo Office REIT Investment's current Return-on-Tangible-Asset is 2.94%, which is near median its own 10-year median of 3.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ichigo Office REIT Investment stock overvalued right now?
Ichigo Office REIT Investment (FCRQF) has a current Return-on-Tangible-Asset of 2.94%. The stock's GF Value™ is $547.59, compared to a current price of $585.00 — trading 6.8% above its estimated fair value. The current Return-on-Tangible-Asset is 2.94%, which is near median its 10-year median of 3.04 and 11.2% below the REITs industry median of 3.31. Ichigo Office REIT Investment's overall GF Score™ is 67/100 with 11 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 Ichigo Office REIT Investment (FCRQF), the current Return-on-Tangible-Asset is 2.94% as of Apr. 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 Ichigo Office REIT Investment (FCRQF) Overvalued in 2026?
Based on GuruFocus' analysis, Ichigo Office REIT Investment stock appears to be overvalued.
The current stock price of $585.00 is trading 6.8% above its estimated GF Value™ of $547.59.
Key valuation signals for FCRQF:
Return-on-Tangible-Asset: 2.94% (near median its 10-year median of 3.04)
GF Value™: $547.59 vs. price of $585.00 (6.8% above fair value)
Industry Position: 11.2% below the REITs median (#467 of 921)
No single metric tells the full story. See the FCRQF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ichigo Office REIT Investment Corp is investment company operating in Japan. Its investment strategy is focused on mid-size offices which offer return stability and upside potential. The company seeks to drive higher earnings and sustainable growth for its shareholders by increasing the value of its assets through a wide array of value-add activities, including tailored tenant services, structural building improvements, and targeted tenant leasing. It provides stable cash flows, supporting stable dividends and upside for shareholders through rental income earned in mid-size offices.
67GF Score
Get the complete analysis for FCRQF
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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