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Morinaga Milk Industry CoFRA:MO8 68 Return-on-Tangible-Asset is 0.49% as of Mar. 2026, which is 88% below its 10-year median of 4.15. GuruFocus rates FRA:MO8 with a GF Score™ of 68/100 and a GF Value™ of €4.79 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,995 Consumer Packaged Goods companies, Morinaga Milk Industry Co ranks better than 53.23% 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. Morinaga Milk Industry Co's annualizedNet Income for the quarter that ended in Mar. 2026 was €14 Mil. Morinaga Milk Industry Co's average total tangible assets for the quarter that ended in Mar. 2026 was €2,973 Mil. Therefore, Morinaga Milk Industry Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 0.49%.
The historical rank and industry rank for Morinaga Milk Industry Co's Return-on-Tangible-Asset or its related term are showing as below:
FRA:MO8'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.04 Med: 4.15 Max: 12.22
Current: 4.1
During the past 13 years, Morinaga Milk Industry Co's highest Return-on-Tangible-Asset was 12.22%. The lowest was 1.04%. And the median was 4.15%.
FRA:MO8's Return-on-Tangible-Asset is ranked better than 53.23% of 1995
companies
in the Consumer Packaged Goods industry
Industry Median: 3.52
vs FRA:MO8: 4.10
Morinaga Milk Industry Co (FRA:MO8) 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.
Morinaga Milk Industry Co Return-on-Tangible-Asset Related Terms
Morinaga Milk Industry Co Return-on-Tangible-Asset Historical Data
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The historical data trend for Morinaga Milk Industry 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.
Morinaga Milk Industry Co Return-on-Tangible-Asset Chart
FRA:MO8 vs KHC, GIS: Return-on-Tangible-Asset Comparison
For the Packaged Foods subindustry, Morinaga Milk Industry 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.
Morinaga Milk Industry Co Return-on-Tangible-Asset vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Morinaga Milk Industry Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Morinaga Milk Industry 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 0.49% mean?
Morinaga Milk Industry Co (FRA:MO8) has a Return-on-Tangible-Asset of 0.49% 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 Morinaga Milk Industry Co and its competitors. This is 88% below median its historical median of 4.15. Over the past decade, Morinaga Milk Industry Co's Return-on-Tangible-Asset has ranged from 1.04 to 12.22. According to the industry distribution chart, Morinaga Milk Industry Co ranks #933 out of 1995 companies in the Consumer Packaged Goods industry, placing it in the top 46.8%.
Is Morinaga Milk Industry Co's Return-on-Tangible-Asset too high?
Morinaga Milk Industry Co's current Return-on-Tangible-Asset of 0.49% is 88% below median its 10-year median of 4.15. Over the past 10 years, this metric has ranged from a low of 1.04 to a high of 12.22. The Consumer Packaged Goods industry median Return-on-Tangible-Asset is 3.52. Morinaga Milk Industry Co's value of 0.49% is 86.1% below this industry median. Based on the distribution chart, Morinaga Milk Industry Co ranks #933 out of 1995 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Morinaga Milk Industry Co has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Morinaga Milk Industry Co's Return-on-Tangible-Asset compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Morinaga Milk Industry Co ranks #933 out of 1995 companies for Return-on-Tangible-Asset. This puts Morinaga Milk Industry Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.52. Morinaga Milk Industry Co's value of 0.49% is 86.1% below this benchmark. Historically, Morinaga Milk Industry Co's own Return-on-Tangible-Asset has ranged from 1.04 to 12.22 over the past decade. While the company's 10-year median is 4.15 vs. the industry median of 3.52, Morinaga Milk Industry Co 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 Consumer Packaged Goods company?
The median Return-on-Tangible-Asset among Consumer Packaged Goods companies is 3.52, based on 1,995 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. Morinaga Milk Industry Co's current Return-on-Tangible-Asset of 0.49% is 86.1% 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 Morinaga Milk Industry Co and its competitors. For the Consumer Packaged Goods industry, the median Return-on-Tangible-Asset is 3.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Morinaga Milk Industry Co's current Return-on-Tangible-Asset is 0.49%, which is 88% below median its own 10-year median of 4.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morinaga Milk Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Morinaga Milk Industry Co (FRA:MO8) is currently considered Significantly Overvalued. The stock's GF Value™ is €4.79, compared to a current price of €6.40 — trading 33.6% above its estimated fair value. The current Return-on-Tangible-Asset is 0.49%, which is 88% below median its 10-year median of 4.15 and 86.1% below the Consumer Packaged Goods industry median of 3.52. Morinaga Milk Industry Co's overall GF Score™ is 68/100 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 Morinaga Milk Industry Co (FRA:MO8), the current Return-on-Tangible-Asset is 0.49% 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 Morinaga Milk Industry Co (FRA:MO8) Overvalued in 2026?
Based on GuruFocus' analysis, Morinaga Milk Industry Co stock appears to be overvalued.
The current stock price of €6.40 is trading 33.6% above its estimated GF Value™ of €4.79.
GuruFocus considers Morinaga Milk Industry Co to be Significantly Overvalued.
Key valuation signals for FRA:MO8:
Return-on-Tangible-Asset: 0.49% (88% below median its 10-year median of 4.15)
GF Value™: €4.79 vs. price of €6.40 (33.6% above fair value)
Industry Position: 86.1% below the Consumer Packaged Goods median (#933 of 1995)
No single metric tells the full story. See the FRA:MO8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Morinaga Milk Industry Co Ltd is a Japanese company engaged in the production and distribution of dairy products. It produces a variety of milk and milk-based products such as dairy-based beverages, yogurt, desserts, condensed milk, powdered milk, butter, cheese, ice cream, clinical liquid diets. It also manufactures and sells animal feed, and constructs plant equipment. The company through its subsidiaries markets its products internationally.
68GF Score
Get the complete analysis for FRA:MO8
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