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Yonex CoFRA:W2M +4.41%89 Return-on-Tangible-Asset is 7.96% as of Mar. 2026, which is 0% above its 10-year median of 7.93. GuruFocus rates FRA:W2M with a GF Score™ of 89/100 and a GF Value™ of €15.21. Among 855 Travel & Leisure companies, Yonex Co ranks better than 84.21% 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. Yonex Co's annualizedNet Income for the quarter that ended in Mar. 2026 was €9,928 Mil. Yonex Co's average total tangible assets for the quarter that ended in Mar. 2026 was €124,677 Mil. Therefore, Yonex Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 7.96%.
The historical rank and industry rank for Yonex Co's Return-on-Tangible-Asset or its related term are showing as below:
FRA:W2M'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.04 Med: 7.93 Max: 10.77
Current: 10.22
During the past 13 years, Yonex Co's highest Return-on-Tangible-Asset was 10.77%. The lowest was 2.04%. And the median was 7.93%.
FRA:W2M's Return-on-Tangible-Asset is ranked better than 84.21% of 855
companies
in the Travel & Leisure industry
Industry Median: 2.73
vs FRA:W2M: 10.22
Yonex Co (FRA:W2M) 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.
Yonex Co Return-on-Tangible-Asset Related Terms
Yonex Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Yonex 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.
For the Leisure subindustry, Yonex 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.
Yonex Co Return-on-Tangible-Asset vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Yonex Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Yonex 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 7.96% mean?
Yonex Co (FRA:W2M) has a Return-on-Tangible-Asset of 7.96% 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 Yonex Co and its competitors. This is near median its historical median of 7.93. Over the past decade, Yonex Co's Return-on-Tangible-Asset has ranged from 2.04 to 10.77. According to the industry distribution chart, Yonex Co ranks #135 out of 855 companies in the Travel & Leisure industry, placing it in the top 15.8%.
Is Yonex Co's Return-on-Tangible-Asset too high?
Yonex Co's current Return-on-Tangible-Asset of 7.96% is near median its 10-year median of 7.93. Over the past 10 years, this metric has ranged from a low of 2.04 to a high of 10.77. The Travel & Leisure industry median Return-on-Tangible-Asset is 2.73. Yonex Co's value of 7.96% is 191.6% above this industry median. Based on the distribution chart, Yonex Co ranks #135 out of 855 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Yonex Co has a GF Score™ of 89/100, reflecting its overall financial health beyond just this single metric.
How does Yonex Co's Return-on-Tangible-Asset compare to ?
According to the Travel & Leisure industry distribution chart, Yonex Co ranks #135 out of 855 companies for Return-on-Tangible-Asset. This places Yonex Co in the top 16% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.73. Yonex Co's value of 7.96% is 191.6% above this benchmark. Historically, Yonex Co's own Return-on-Tangible-Asset has ranged from 2.04 to 10.77 over the past decade. While the company's 10-year median is 7.93 vs. the industry median of 2.73, Yonex 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 Travel & Leisure company?
The median Return-on-Tangible-Asset among Travel & Leisure companies is 2.73, based on 855 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. Yonex Co's current Return-on-Tangible-Asset of 7.96% is 191.6% 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 Yonex Co and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Asset is 2.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Yonex Co's current Return-on-Tangible-Asset is 7.96%, which is near median its own 10-year median of 7.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yonex Co stock overvalued right now?
Yonex Co (FRA:W2M) has a current Return-on-Tangible-Asset of 7.96%. The stock's GF Value™ is €15.21, compared to a current price of €14.20 — trading 6.6% below its estimated fair value. The current Return-on-Tangible-Asset is 7.96%, which is near median its 10-year median of 7.93 and 191.6% above the Travel & Leisure industry median of 2.73. Yonex Co's overall GF Score™ is 89/100. 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 Yonex Co (FRA:W2M), the current Return-on-Tangible-Asset is 7.96% 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 Yonex Co (FRA:W2M) Overvalued in 2026?
Based on GuruFocus' analysis, Yonex Co stock appears to be undervalued.
The current stock price of €14.20 is trading 6.6% below its estimated GF Value™ of €15.21.
Key valuation signals for FRA:W2M:
Return-on-Tangible-Asset: 7.96% (near median its 10-year median of 7.93)
GF Value™: €15.21 vs. price of €14.20 (6.6% below fair value)
Industry Position: 191.6% above the Travel & Leisure median (#135 of 855)
No single metric tells the full story. See the FRA:W2M stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Yonex Co Ltd is a Japan based company engaged in manufacture and sale of sporting goods and golf course management. It produces Badminton Equipment, Tennis, Soft Tennis Equipment, and Golf Equipment. The Badminton Equipment includes Racquets, shuttlecocks, strings, apparel, shoes, bags, etc.; The Tennis, Soft Tennis Equipment includes Racquets, strings, apparel, shoes, bags, balls, etc. and Golf Equipment includes Woods, irons, putters, shafts, apparel, shoes, bags, accessories, etc. It has four geographical segments Japan, North America, Europe, and Asia.
89GF Score
Get the complete analysis for FRA:W2M
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