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Seiko GroupFRA:89M -2.59%32 Return-on-Tangible-Asset is 1.55% as of Mar. 2026, which is 38% below its 10-year median of 2.48. GuruFocus rates FRA:89M with a GF Score™ of 32/100 and a GF Value™ of €13.79 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,068 Manufacturing - Apparel & Accessories companies, Seiko Group ranks better than 80.34% 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. Seiko Group's annualizedNet Income for the quarter that ended in Mar. 2026 was €31 Mil. Seiko Group's average total tangible assets for the quarter that ended in Mar. 2026 was €2,025 Mil. Therefore, Seiko Group's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 1.55%.
The historical rank and industry rank for Seiko Group's Return-on-Tangible-Asset or its related term are showing as below:
FRA:89M'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.18 Med: 2.48 Max: 7.32
Current: 7.32
During the past 13 years, Seiko Group's highest Return-on-Tangible-Asset was 7.32%. The lowest was 1.18%. And the median was 2.48%.
FRA:89M's Return-on-Tangible-Asset is ranked better than 80.34% of 1068
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.405
vs FRA:89M: 7.32
Seiko Group (FRA:89M) 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.
Seiko Group Return-on-Tangible-Asset Related Terms
Seiko Group Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Seiko Group'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:89M vs NKE, DECK, ONON: Return-on-Tangible-Asset Comparison
For the Footwear & Accessories subindustry, Seiko Group'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.
Seiko Group Return-on-Tangible-Asset vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Seiko Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Seiko Group'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 1.55% mean?
Seiko Group (FRA:89M) has a Return-on-Tangible-Asset of 1.55% 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 Seiko Group and its competitors. This is 38% below median its historical median of 2.48. Over the past decade, Seiko Group's Return-on-Tangible-Asset has ranged from 1.18 to 7.32. According to the industry distribution chart, Seiko Group ranks #210 out of 1068 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 19.7%.
Is Seiko Group's Return-on-Tangible-Asset too high?
Seiko Group's current Return-on-Tangible-Asset of 1.55% is 38% below median its 10-year median of 2.48. Over the past 10 years, this metric has ranged from a low of 1.18 to a high of 7.32. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Asset is 2.41. Seiko Group's value of 1.55% is 35.6% below this industry median. Based on the distribution chart, Seiko Group ranks #210 out of 1068 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Seiko Group has a GF Score™ of 32/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Seiko Group's Return-on-Tangible-Asset compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Seiko Group ranks #210 out of 1068 companies for Return-on-Tangible-Asset. This places Seiko Group in the top 20% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.41. Seiko Group's value of 1.55% is 35.6% below this benchmark. Historically, Seiko Group's own Return-on-Tangible-Asset has ranged from 1.18 to 7.32 over the past decade. While the company's 10-year median is 2.48 vs. the industry median of 2.41, Seiko Group 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 Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Asset among Manufacturing - Apparel & Accessories companies is 2.41, based on 1,068 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. Seiko Group's current Return-on-Tangible-Asset of 1.55% is 35.6% 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 Seiko Group and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Asset is 2.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Seiko Group's current Return-on-Tangible-Asset is 1.55%, which is 38% below median its own 10-year median of 2.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Seiko Group stock overvalued right now?
Based on GuruFocus' analysis, Seiko Group (FRA:89M) is currently considered Significantly Overvalued. The stock's GF Value™ is €13.79, compared to a current price of €56.50 — trading 309.7% above its estimated fair value. The current Return-on-Tangible-Asset is 1.55%, which is 38% below median its 10-year median of 2.48 and 35.6% below the Manufacturing - Apparel & Accessories industry median of 2.41. Seiko Group's overall GF Score™ is 32/100 with 5 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 Seiko Group (FRA:89M), the current Return-on-Tangible-Asset is 1.55% 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 Seiko Group (FRA:89M) Overvalued in 2026?
Based on GuruFocus' analysis, Seiko Group stock appears to be overvalued.
The current stock price of €56.50 is trading 309.7% above its estimated GF Value™ of €13.79.
GuruFocus considers Seiko Group to be Significantly Overvalued.
Key valuation signals for FRA:89M:
Return-on-Tangible-Asset: 1.55% (38% below median its 10-year median of 2.48)
GF Value™: €13.79 vs. price of €56.50 (309.7% above fair value)
Industry Position: 35.6% below the Manufacturing - Apparel & Accessories median (#210 of 1068)
No single metric tells the full story. See the FRA:89M stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Seiko Group Corp is a Japanese manufacturer of watches and electronic devices. The company organizes itself into four segments, based on product type: watches, electronic devices, systems solutions, and others. The watches business, which contributes more than half of the company's revenue, manufactures men's and ladies' fashion watches. The electronic devices business, the next most significant contributor to revenue, produces components such as semiconductors, camera shutters, inkjet print heads, thermal printers, micro-batteries, and radiation-measuring equipment. Combined sales in the watches and electronic devices segments constitute the vast majority of consolidated revenue. The company derives approximately half its revenue domestically.
32GF Score
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