Fast Retailing CoFRCOF -0.22%89 Return-on-Tangible-Asset is 12.58% as of Feb. 2026, which is 33% above its 10-year median of 9.43. GuruFocus rates FRCOF with a GF Score™ of 89/100 and a GF Value™ of $340.46 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,129 Retail - Cyclical companies, Fast Retailing Co ranks better than 86.71% 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. Fast Retailing Co's annualizedNet Income for the quarter that ended in Feb. 2026 was $3,400 Mil. Fast Retailing Co's average total tangible assets for the quarter that ended in Feb. 2026 was $27,032 Mil. Therefore, Fast Retailing Co's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2026 was 12.58%.
The historical rank and industry rank for Fast Retailing Co's Return-on-Tangible-Asset or its related term are showing as below:
FRCOF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.21 Med: 9.43 Max: 12.36
Current: 12.36
During the past 13 years, Fast Retailing Co's highest Return-on-Tangible-Asset was 12.36%. The lowest was 4.21%. And the median was 9.43%.
FRCOF's Return-on-Tangible-Asset is ranked better than 86.71% of 1129
companies
in the Retail - Cyclical industry
Industry Median: 2.93
vs FRCOF: 12.36
Fast Retailing Co (OTCPK:FRCOF) 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.
Fast Retailing Co Return-on-Tangible-Asset Related Terms
Fast Retailing Co Return-on-Tangible-Asset Historical Data
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The historical data trend for Fast Retailing 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.
FRCOF vs TJX, ROST, BURL: Return-on-Tangible-Asset Comparison
For the Apparel Retail subindustry, Fast Retailing 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.
Fast Retailing Co Return-on-Tangible-Asset vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Fast Retailing Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Fast Retailing 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 (Feb. 2026) net income data.
What does a Return-on-Tangible-Asset of 12.58% mean?
Fast Retailing Co (FRCOF) has a Return-on-Tangible-Asset of 12.58% as of Feb. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Fast Retailing Co and its competitors. This is 33% above median its historical median of 9.43. Over the past decade, Fast Retailing Co's Return-on-Tangible-Asset has ranged from 4.21 to 12.36. According to the industry distribution chart, Fast Retailing Co ranks #150 out of 1129 companies in the Retail - Cyclical industry, placing it in the top 13.3%.
Is Fast Retailing Co's Return-on-Tangible-Asset too high?
Fast Retailing Co's current Return-on-Tangible-Asset of 12.58% is 33% above median its 10-year median of 9.43. Over the past 10 years, this metric has ranged from a low of 4.21 to a high of 12.36. The Retail - Cyclical industry median Return-on-Tangible-Asset is 2.93. Fast Retailing Co's value of 12.58% is 329.4% above this industry median. Based on the distribution chart, Fast Retailing Co ranks #150 out of 1129 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Fast Retailing Co has a GF Score™ of 89/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fast Retailing Co's Return-on-Tangible-Asset compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Fast Retailing Co ranks #150 out of 1129 companies for Return-on-Tangible-Asset. This places Fast Retailing Co in the top 13% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.93. Fast Retailing Co's value of 12.58% is 329.4% above this benchmark. Historically, Fast Retailing Co's own Return-on-Tangible-Asset has ranged from 4.21 to 12.36 over the past decade. While the company's 10-year median is 9.43 vs. the industry median of 2.93, Fast Retailing 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 Retail - Cyclical company?
The median Return-on-Tangible-Asset among Retail - Cyclical companies is 2.93, based on 1,129 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. Fast Retailing Co's current Return-on-Tangible-Asset of 12.58% is 329.4% 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 Fast Retailing Co and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Asset is 2.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fast Retailing Co's current Return-on-Tangible-Asset is 12.58%, which is 33% above median its own 10-year median of 9.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fast Retailing Co stock overvalued right now?
Based on GuruFocus' analysis, Fast Retailing Co (FRCOF) is currently considered Significantly Overvalued. The stock's GF Value™ is $340.46, compared to a current price of $506.97 — trading 48.9% above its estimated fair value. The current Return-on-Tangible-Asset is 12.58%, which is 33% above median its 10-year median of 9.43 and 329.4% above the Retail - Cyclical industry median of 2.93. Fast Retailing Co's overall GF Score™ is 89/100 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 Fast Retailing Co (FRCOF), the current Return-on-Tangible-Asset is 12.58% as of Feb. 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 Fast Retailing Co (FRCOF) Overvalued in 2026?
Based on GuruFocus' analysis, Fast Retailing Co stock appears to be overvalued.
The current stock price of $506.97 is trading 48.9% above its estimated GF Value™ of $340.46.
GuruFocus considers Fast Retailing Co to be Significantly Overvalued.
Key valuation signals for FRCOF:
Return-on-Tangible-Asset: 12.58% (33% above median its 10-year median of 9.43)
GF Value™: $340.46 vs. price of $506.97 (48.9% above fair value)
Industry Position: 329.4% above the Retail - Cyclical median (#150 of 1129)
No single metric tells the full story. See the FRCOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fast Retailing is Japan's largest apparel company. It operates casualwear retail chain Uniqlo, known for its high-quality functional apparel at reasonable prices. Fast Retailing is in charge of product design and sales and outsources almost all of its production to factories in places including China, Vietnam, Bangladesh, Indonesia, and India. It is ranked the second-largest apparel company by sales globally in 2024 per Euromonitor, thanks to the expansion of Uniqlo International. As of February 2025, it ran 3,616 stores globally. Other brands in its portfolio include GU and acquired brands like Theory, Comptoir des Cotonniers, and Princesse tam.tam. The Yanai family owned a 40.86% stake in the firm as of July 2025.
89GF Score
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