Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Daido Metal CoFRA:69L -2.27%71 Return-on-Tangible-Asset is 3.88% as of Mar. 2026, which is 131% above its 10-year median of 1.68. GuruFocus rates FRA:69L with a GF Score™ of 71/100 and a GF Value™ of €3.38 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,330 Vehicles & Parts companies, Daido Metal Co ranks worse than 57.29% 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. Daido Metal Co's annualizedNet Income for the quarter that ended in Mar. 2026 was €42.3 Mil. Daido Metal Co's average total tangible assets for the quarter that ended in Mar. 2026 was €1,088.7 Mil. Therefore, Daido Metal Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 3.88%.
The historical rank and industry rank for Daido Metal Co's Return-on-Tangible-Asset or its related term are showing as below:
FRA:69L'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.39 Med: 1.68 Max: 2.8
Current: 2.27
During the past 13 years, Daido Metal Co's highest Return-on-Tangible-Asset was 2.80%. The lowest was -1.39%. And the median was 1.68%.
FRA:69L's Return-on-Tangible-Asset is ranked worse than 57.29% of 1330
companies
in the Vehicles & Parts industry
Industry Median: 3.165
vs FRA:69L: 2.27
Daido Metal Co (FRA:69L) 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.
Daido Metal Co Return-on-Tangible-Asset Related Terms
Daido Metal Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Daido Metal 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:69L vs ORLY, AZO: Return-on-Tangible-Asset Comparison
For the Auto Parts subindustry, Daido Metal 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.
Daido Metal Co Return-on-Tangible-Asset vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Daido Metal Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Daido Metal 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 3.88% mean?
Daido Metal Co (FRA:69L) has a Return-on-Tangible-Asset of 3.88% 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 Daido Metal Co and its competitors. This is 131% above median its historical median of 1.68. According to the industry distribution chart, Daido Metal Co ranks #762 out of 1330 companies in the Vehicles & Parts industry, placing it in the top 57.3%.
Is Daido Metal Co's Return-on-Tangible-Asset too high?
Daido Metal Co's current Return-on-Tangible-Asset of 3.88% is 131% above median its 10-year median of 1.68. The Vehicles & Parts industry median Return-on-Tangible-Asset is 3.17. Daido Metal Co's value of 3.88% is 22.6% above this industry median. Based on the distribution chart, Daido Metal Co ranks #762 out of 1330 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Daido Metal Co has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Daido Metal Co's Return-on-Tangible-Asset compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Daido Metal Co ranks #762 out of 1330 companies for Return-on-Tangible-Asset. This places Daido Metal Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.17. Daido Metal Co's value of 3.88% is 22.6% above this benchmark. While the company's 10-year median is 1.68 vs. the industry median of 3.17, Daido Metal 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 Vehicles & Parts company?
The median Return-on-Tangible-Asset among Vehicles & Parts companies is 3.17, based on 1,330 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. Daido Metal Co's current Return-on-Tangible-Asset of 3.88% is 22.6% 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 Daido Metal Co and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Asset is 3.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Daido Metal Co's current Return-on-Tangible-Asset is 3.88%, which is 131% above median its own 10-year median of 1.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Daido Metal Co stock overvalued right now?
Based on GuruFocus' analysis, Daido Metal Co (FRA:69L) is currently considered Significantly Overvalued. The stock's GF Value™ is €3.38, compared to a current price of €6.45 — trading 90.8% above its estimated fair value. The current Return-on-Tangible-Asset is 3.88%, which is 131% above median its 10-year median of 1.68 and 22.6% above the Vehicles & Parts industry median of 3.17. Daido Metal Co's overall GF Score™ is 71/100 with 4 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 Daido Metal Co (FRA:69L), the current Return-on-Tangible-Asset is 3.88% 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 Daido Metal Co (FRA:69L) Overvalued in 2026?
Based on GuruFocus' analysis, Daido Metal Co stock appears to be overvalued.
The current stock price of €6.45 is trading 90.8% above its estimated GF Value™ of €3.38.
GuruFocus considers Daido Metal Co to be Significantly Overvalued.
Key valuation signals for FRA:69L:
Return-on-Tangible-Asset: 3.88% (131% above median its 10-year median of 1.68)
GF Value™: €3.38 vs. price of €6.45 (90.8% above fair value)
Industry Position: 22.6% above the Vehicles & Parts median (#762 of 1330)
No single metric tells the full story. See the FRA:69L stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Daido Metal Co Ltd manufactures and sells a variety of bearings including automobile engine bearings and large ship engine bearings. The company has a production and sales network in the five-hub system of Japan, North America, Europe, Asia, and China. It manufactures bearings for trucks, construction and agricultural machinery, and bearings for automobile parts such as turbochargers and shock absorbers. Its products portfolio includes metal-polymer bearings, metallic bearings, engine bearing, turbomachinery bearing systems, modular products, pump, centralized lubrication, capacitors and semi-dry processing which are used in including automotive, marine, construction machinery, agricultural machines, industrial, energy, infrastructure and transportation, leisure, and household appliances.
71GF Score
Get the complete analysis for FRA:69L
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:69L has been successfully added to your 
