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Kandenko CoFRA:5EY -0.64%81 Return-on-Tangible-Asset is 10.86% as of Mar. 2026, which is 143% above its 10-year median of 4.46. GuruFocus rates FRA:5EY with a GF Score™ of 81/100 and a GF Value™ of €14.52 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,783 Construction companies, Kandenko Co ranks better than 86.48% 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. Kandenko Co's annualizedNet Income for the quarter that ended in Mar. 2026 was €377 Mil. Kandenko Co's average total tangible assets for the quarter that ended in Mar. 2026 was €3,470 Mil. Therefore, Kandenko Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 10.86%.
The historical rank and industry rank for Kandenko Co's Return-on-Tangible-Asset or its related term are showing as below:
FRA:5EY'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.27 Med: 4.46 Max: 10.47
Current: 10.47
During the past 13 years, Kandenko Co's highest Return-on-Tangible-Asset was 10.47%. The lowest was 4.27%. And the median was 4.46%.
FRA:5EY's Return-on-Tangible-Asset is ranked better than 86.48% of 1783
companies
in the Construction industry
Industry Median: 3.05
vs FRA:5EY: 10.47
Kandenko Co (FRA:5EY) 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.
Kandenko Co Return-on-Tangible-Asset Related Terms
Kandenko Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Kandenko 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:5EY vs PWR, FIX, EME: Return-on-Tangible-Asset Comparison
For the Engineering & Construction subindustry, Kandenko 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.
Kandenko Co Return-on-Tangible-Asset vs Construction Industry
For the Construction industry and Industrials sector, Kandenko Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Kandenko 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 four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 10.86% mean?
Kandenko Co (FRA:5EY) has a Return-on-Tangible-Asset of 10.86% 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 Kandenko Co and its competitors. This is 143% above median its historical median of 4.46. Over the past decade, Kandenko Co's Return-on-Tangible-Asset has ranged from 4.27 to 10.47. According to the industry distribution chart, Kandenko Co ranks #241 out of 1783 companies in the Construction industry, placing it in the top 13.5%.
Is Kandenko Co's Return-on-Tangible-Asset too high?
Kandenko Co's current Return-on-Tangible-Asset of 10.86% is 143% above median its 10-year median of 4.46. Over the past 10 years, this metric has ranged from a low of 4.27 to a high of 10.47. The Construction industry median Return-on-Tangible-Asset is 3.05. Kandenko Co's value of 10.86% is 256.1% above this industry median. Based on the distribution chart, Kandenko Co ranks #241 out of 1783 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Kandenko Co has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kandenko Co's Return-on-Tangible-Asset compare to PWR and FIX?
According to the Construction industry distribution chart, Kandenko Co ranks #241 out of 1783 companies for Return-on-Tangible-Asset. This places Kandenko Co in the top 14% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.05. Kandenko Co's value of 10.86% is 256.1% above this benchmark. Historically, Kandenko Co's own Return-on-Tangible-Asset has ranged from 4.27 to 10.47 over the past decade. While the company's 10-year median is 4.46 vs. the industry median of 3.05, Kandenko 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 Construction company?
The median Return-on-Tangible-Asset among Construction companies is 3.05, based on 1,783 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. Kandenko Co's current Return-on-Tangible-Asset of 10.86% is 256.1% 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 Kandenko Co and its competitors. For the Construction industry, the median Return-on-Tangible-Asset is 3.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kandenko Co's current Return-on-Tangible-Asset is 10.86%, which is 143% above median its own 10-year median of 4.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kandenko Co stock overvalued right now?
Based on GuruFocus' analysis, Kandenko Co (FRA:5EY) is currently considered Significantly Overvalued. The stock's GF Value™ is €14.52, compared to a current price of €31.20 — trading 114.9% above its estimated fair value. The current Return-on-Tangible-Asset is 10.86%, which is 143% above median its 10-year median of 4.46 and 256.1% above the Construction industry median of 3.05. Kandenko Co's overall GF Score™ is 81/100 with 1 warning sign 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 Kandenko Co (FRA:5EY), the current Return-on-Tangible-Asset is 10.86% 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 Kandenko Co (FRA:5EY) Overvalued in 2026?
Based on GuruFocus' analysis, Kandenko Co stock appears to be overvalued.
The current stock price of €31.20 is trading 114.9% above its estimated GF Value™ of €14.52.
GuruFocus considers Kandenko Co to be Significantly Overvalued.
Key valuation signals for FRA:5EY:
Return-on-Tangible-Asset: 10.86% (143% above median its 10-year median of 4.46)
GF Value™: €14.52 vs. price of €31.20 (114.9% above fair value)
Industry Position: 256.1% above the Construction median (#241 of 1783)
No single metric tells the full story. See the FRA:5EY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kandenko Co Ltd is a Japanese infrastructure and engineering company. The company organises itself into two segments: engineering and other. The engineering segment, which contributes nearly all the company's revenue, conducts electric engineering work for building construction and renovation, installs and maintains telecommunication systems, constructs and maintains power distribution lines and facilities, inspects and maintains nuclear power plants, and conducts civil engineering work. The company derives the vast majority of revenue domestically.
81GF Score
Get the complete analysis for FRA:5EY
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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