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Kokusai ElectricFRA:69B -6.12%33 Return-on-Tangible-Asset is 11.82% as of Mar. 2026, which is 20% below its 10-year median of 14.77. GuruFocus rates FRA:69B with a GF Score™ of 33/100 and a GF Value™ of €23.04 (Significantly Overvalued). Among 1,027 Semiconductors companies, Kokusai Electric ranks better than 84.91% 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. Kokusai Electric's annualizedNet Income for the quarter that ended in Mar. 2026 was €159 Mil. Kokusai Electric's average total tangible assets for the quarter that ended in Mar. 2026 was €1,343 Mil. Therefore, Kokusai Electric's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 11.82%.
The historical rank and industry rank for Kokusai Electric's Return-on-Tangible-Asset or its related term are showing as below:
FRA:69B'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 8.76 Med: 14.77 Max: 22.48
Current: 12.74
During the past 5 years, Kokusai Electric's highest Return-on-Tangible-Asset was 22.48%. The lowest was 8.76%. And the median was 14.77%.
FRA:69B's Return-on-Tangible-Asset is ranked better than 84.91% of 1027
companies
in the Semiconductors industry
Industry Median: 2.69
vs FRA:69B: 12.74
Kokusai Electric (FRA:69B) 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.
Kokusai Electric Return-on-Tangible-Asset Related Terms
Kokusai Electric Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Kokusai Electric'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:69B vs AMAT, LRCX, KLAC: Return-on-Tangible-Asset Comparison
For the Semiconductor Equipment & Materials subindustry, Kokusai Electric'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.
Kokusai Electric Return-on-Tangible-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Kokusai Electric's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Kokusai Electric'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 11.82% mean?
Kokusai Electric (FRA:69B) has a Return-on-Tangible-Asset of 11.82% 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 Kokusai Electric and its competitors. This is 20% below median its historical median of 14.77. Over the past decade, Kokusai Electric's Return-on-Tangible-Asset has ranged from 8.76 to 22.48. According to the industry distribution chart, Kokusai Electric ranks #155 out of 1027 companies in the Semiconductors industry, placing it in the top 15.1%.
Is Kokusai Electric's Return-on-Tangible-Asset too high?
Kokusai Electric's current Return-on-Tangible-Asset of 11.82% is 20% below median its 10-year median of 14.77. Over the past 10 years, this metric has ranged from a low of 8.76 to a high of 22.48. The Semiconductors industry median Return-on-Tangible-Asset is 2.69. Kokusai Electric's value of 11.82% is 339.4% above this industry median. Based on the distribution chart, Kokusai Electric ranks #155 out of 1027 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Kokusai Electric has a GF Score™ of 33/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kokusai Electric's Return-on-Tangible-Asset compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Kokusai Electric ranks #155 out of 1027 companies for Return-on-Tangible-Asset. This places Kokusai Electric in the top 15% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.69. Kokusai Electric's value of 11.82% is 339.4% above this benchmark. Historically, Kokusai Electric's own Return-on-Tangible-Asset has ranged from 8.76 to 22.48 over the past decade. While the company's 10-year median is 14.77 vs. the industry median of 2.69, Kokusai Electric 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 2.69, based on 1,027 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. Kokusai Electric's current Return-on-Tangible-Asset of 11.82% is 339.4% 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 Kokusai Electric and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Asset is 2.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kokusai Electric's current Return-on-Tangible-Asset is 11.82%, which is 20% below median its own 10-year median of 14.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kokusai Electric stock overvalued right now?
Based on GuruFocus' analysis, Kokusai Electric (FRA:69B) is currently considered Significantly Overvalued. The stock's GF Value™ is €23.04, compared to a current price of €46.00 — trading 99.7% above its estimated fair value. The current Return-on-Tangible-Asset is 11.82%, which is 20% below median its 10-year median of 14.77 and 339.4% above the Semiconductors industry median of 2.69. Kokusai Electric's overall GF Score™ is 33/100. 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 Kokusai Electric (FRA:69B), the current Return-on-Tangible-Asset is 11.82% 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 Kokusai Electric (FRA:69B) Overvalued in 2026?
Based on GuruFocus' analysis, Kokusai Electric stock appears to be overvalued.
The current stock price of €46.00 is trading 99.7% above its estimated GF Value™ of €23.04.
GuruFocus considers Kokusai Electric to be Significantly Overvalued.
Key valuation signals for FRA:69B:
Return-on-Tangible-Asset: 11.82% (20% below median its 10-year median of 14.77)
GF Value™: €23.04 vs. price of €46.00 (99.7% above fair value)
Industry Position: 339.4% above the Semiconductors median (#155 of 1027)
No single metric tells the full story. See the FRA:69B stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kokusai Electric Corp is engaged in the semiconductor manufacturing equipment business. The company operates as a single business segment focused on the development, manufacture, and supply of semiconductor production equipment used in the fabrication of electronic components. The main products include batch film deposition equipment, treatment equipment for film quality improvement, units for measuring instruments and cleaning equipment, and others.
33GF Score
Get the complete analysis for FRA:69B
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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