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Kowa CoFRA:49N +0.46%78 Return-on-Tangible-Asset is 7.44% as of Feb. 2026, which is 11% below its 10-year median of 8.40. GuruFocus rates FRA:49N with a GF Score™ of 78/100 and a GF Value™ of €5.42. The stock has 2 warning signs investors should review. Among 434 Furnishings, Fixtures & Appliances companies, Kowa Co ranks better than 84.56% 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. Kowa Co's annualizedNet Income for the quarter that ended in Feb. 2026 was €2.05 Mil. Kowa Co's average total tangible assets for the quarter that ended in Feb. 2026 was €27.59 Mil. Therefore, Kowa Co's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2026 was 7.44%.
The historical rank and industry rank for Kowa Co's Return-on-Tangible-Asset or its related term are showing as below:
FRA:49N'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -8.83 Med: 8.4 Max: 14.46
Current: 8.76
During the past 11 years, Kowa Co's highest Return-on-Tangible-Asset was 14.46%. The lowest was -8.83%. And the median was 8.40%.
FRA:49N's Return-on-Tangible-Asset is ranked better than 84.56% of 434
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 2.335
vs FRA:49N: 8.76
Kowa Co (FRA:49N) 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.
Kowa Co Return-on-Tangible-Asset Related Terms
Kowa Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Kowa 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.
FRA:49N vs SN, SGI, MHK: Return-on-Tangible-Asset Comparison
For the Furnishings, Fixtures & Appliances subindustry, Kowa 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.
Kowa Co Return-on-Tangible-Asset vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Kowa Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Kowa 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 two times the semi-annual (Feb. 2026) net income data.
What does a Return-on-Tangible-Asset of 7.44% mean?
Kowa Co (FRA:49N) has a Return-on-Tangible-Asset of 7.44% 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 Kowa Co and its competitors. This is 11% below median its historical median of 8.40. According to the industry distribution chart, Kowa Co ranks #67 out of 434 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 15.4%.
Is Kowa Co's Return-on-Tangible-Asset too high?
Kowa Co's current Return-on-Tangible-Asset of 7.44% is 11% below median its 10-year median of 8.40. The Furnishings, Fixtures & Appliances industry median Return-on-Tangible-Asset is 2.34. Kowa Co's value of 7.44% is 218.6% above this industry median. Based on the distribution chart, Kowa Co ranks #67 out of 434 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, Kowa Co has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does Kowa Co's Return-on-Tangible-Asset compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Kowa Co ranks #67 out of 434 companies for Return-on-Tangible-Asset. This places Kowa Co in the top 15% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.34. Kowa Co's value of 7.44% is 218.6% above this benchmark. While the company's 10-year median is 8.40 vs. the industry median of 2.34, Kowa Co 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 Furnishings, Fixtures & Appliances company?
The median Return-on-Tangible-Asset among Furnishings, Fixtures & Appliances companies is 2.34, based on 434 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. Kowa Co's current Return-on-Tangible-Asset of 7.44% is 218.6% 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 Kowa Co and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Return-on-Tangible-Asset is 2.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kowa Co's current Return-on-Tangible-Asset is 7.44%, which is 11% below median its own 10-year median of 8.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kowa Co stock overvalued right now?
Kowa Co (FRA:49N) has a current Return-on-Tangible-Asset of 7.44%. The stock's GF Value™ is €5.42, compared to a current price of €4.34 — trading 19.9% below its estimated fair value. The current Return-on-Tangible-Asset is 7.44%, which is 11% below median its 10-year median of 8.40 and 218.6% above the Furnishings, Fixtures & Appliances industry median of 2.34. Kowa Co's overall GF Score™ is 78/100 with 2 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 Kowa Co (FRA:49N), the current Return-on-Tangible-Asset is 7.44% 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 Kowa Co (FRA:49N) Overvalued in 2026?
Based on GuruFocus' analysis, Kowa Co stock appears to be undervalued.
The current stock price of €4.34 is trading 19.9% below its estimated GF Value™ of €5.42.
Key valuation signals for FRA:49N:
Return-on-Tangible-Asset: 7.44% (11% below median its 10-year median of 8.40)
GF Value™: €5.42 vs. price of €4.34 (19.9% below fair value)
Industry Position: 218.6% above the Furnishings, Fixtures & Appliances median (#67 of 434)
No single metric tells the full story. See the FRA:49N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kowa Co Ltd is a Japan-based company engaged in manufacture and sale of welfare equipment. The company is involved in the production and sales of welfare nursing care products including walking cars and walking aids or walk assistance carts, silver cars, handrails, walking canes, bath related products, toilet-related products and life-support products. It supplies its products mainly to chain stores, wholesale trading companies for welfare equipment, national welfare equipment lease companies, department stores, mail-order companies and others.
78GF Score
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