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Dentsu GroupFRA:DEN +3.31%73 Return-on-Tangible-Asset is 6.09% as of Mar. 2026, which is 608% above its 10-year median of 0.86. GuruFocus rates FRA:DEN with a GF Score™ of 73/100 and a GF Value™ of €22.44 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 1,029 Media - Diversified companies, Dentsu Group ranks worse than 78.43% 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. Dentsu Group's annualizedNet Income for the quarter that ended in Mar. 2026 was €876 Mil. Dentsu Group's average total tangible assets for the quarter that ended in Mar. 2026 was €14,373 Mil. Therefore, Dentsu Group's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 6.09%.
The historical rank and industry rank for Dentsu Group's Return-on-Tangible-Asset or its related term are showing as below:
FRA:DEN'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -12.33 Med: 0.86 Max: 4.53
Current: -11.87
During the past 13 years, Dentsu Group's highest Return-on-Tangible-Asset was 4.53%. The lowest was -12.33%. And the median was 0.86%.
FRA:DEN's Return-on-Tangible-Asset is ranked worse than 78.43% of 1029
companies
in the Media - Diversified industry
Industry Median: 0.82
vs FRA:DEN: -11.87
Dentsu Group (FRA:DEN) 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.
Dentsu Group Return-on-Tangible-Asset Related Terms
Dentsu Group Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Dentsu 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:DEN vs APP, OMC, TTD: Return-on-Tangible-Asset Comparison
For the Advertising Agencies subindustry, Dentsu 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.
Dentsu Group Return-on-Tangible-Asset vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Dentsu Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Dentsu 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 6.09% mean?
Dentsu Group (FRA:DEN) has a Return-on-Tangible-Asset of 6.09% 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 Dentsu Group and its competitors. This is 608% above median its historical median of 0.86. According to the industry distribution chart, Dentsu Group ranks #807 out of 1029 companies in the Media - Diversified industry, placing it in the top 78.4%.
Is Dentsu Group's Return-on-Tangible-Asset too high?
Dentsu Group's current Return-on-Tangible-Asset of 6.09% is 608% above median its 10-year median of 0.86. The Media - Diversified industry median Return-on-Tangible-Asset is 0.82. Dentsu Group's value of 6.09% is 642.7% above this industry median. Based on the distribution chart, Dentsu Group ranks #807 out of 1029 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Dentsu Group has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dentsu Group's Return-on-Tangible-Asset compare to APP and OMC?
According to the Media - Diversified industry distribution chart, Dentsu Group ranks #807 out of 1029 companies for Return-on-Tangible-Asset. This places Dentsu Group in the lower half of its industry. The industry median Return-on-Tangible-Asset is 0.82. Dentsu Group's value of 6.09% is 642.7% above this benchmark. While the company's 10-year median is 0.86 vs. the industry median of 0.82, Dentsu Group 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 Media - Diversified company?
The median Return-on-Tangible-Asset among Media - Diversified companies is 0.82, based on 1,029 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. Dentsu Group's current Return-on-Tangible-Asset of 6.09% is 642.7% 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 Dentsu Group and its competitors. For the Media - Diversified industry, the median Return-on-Tangible-Asset is 0.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dentsu Group's current Return-on-Tangible-Asset is 6.09%, which is 608% above median its own 10-year median of 0.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dentsu Group stock overvalued right now?
Based on GuruFocus' analysis, Dentsu Group (FRA:DEN) is currently considered Modestly Undervalued. The stock's GF Value™ is €22.44, compared to a current price of €18.70 — trading 16.7% below its estimated fair value. The current Return-on-Tangible-Asset is 6.09%, which is 608% above median its 10-year median of 0.86 and 642.7% above the Media - Diversified industry median of 0.82. Dentsu Group's overall GF Score™ is 73/100 with 8 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 Dentsu Group (FRA:DEN), the current Return-on-Tangible-Asset is 6.09% 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 Dentsu Group (FRA:DEN) Overvalued in 2026?
Based on GuruFocus' analysis, Dentsu Group stock appears to be undervalued.
The current stock price of €18.70 is trading 16.7% below its estimated GF Value™ of €22.44.
GuruFocus considers Dentsu Group to be Modestly Undervalued.
Key valuation signals for FRA:DEN:
Return-on-Tangible-Asset: 6.09% (608% above median its 10-year median of 0.86)
GF Value™: €22.44 vs. price of €18.70 (16.7% below fair value)
Industry Position: 642.7% above the Media - Diversified median (#807 of 1029)
No single metric tells the full story. See the FRA:DEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dentsu Group is the top advertising agency in Japan and the fifth-largest advertising network in the world. It is the oldest advertising agency in Japan, with the original company being established in 1901. Over the years, Dentsu expanded its global footprint through mergers and acquisitions. Currently, international sales account for about 60% of total revenue.
73GF Score
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