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Business One HoldingsFSE:4827 +1.36%77 Return-on-Tangible-Asset is 2.21% as of Mar. 2026, which is 19% below its 10-year median of 2.72. GuruFocus rates FSE:4827 with a GF Score™ of 77/100 and a GF Value™ of 円921.80 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,800 Real Estate companies, Business One Holdings ranks better than 61.44% 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. Business One Holdings's annualizedNet Income for the quarter that ended in Mar. 2026 was 円694 Mil. Business One Holdings's average total tangible assets for the quarter that ended in Mar. 2026 was 円31,437 Mil. Therefore, Business One Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 2.21%.
The historical rank and industry rank for Business One Holdings's Return-on-Tangible-Asset or its related term are showing as below:
FSE:4827'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.54 Med: 2.72 Max: 3.13
Current: 2.88
During the past 13 years, Business One Holdings's highest Return-on-Tangible-Asset was 3.13%. The lowest was 2.54%. And the median was 2.72%.
FSE:4827's Return-on-Tangible-Asset is ranked better than 61.44% of 1800
companies
in the Real Estate industry
Industry Median: 1.75
vs FSE:4827: 2.88
Business One Holdings (FSE:4827) 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.
Business One Holdings Return-on-Tangible-Asset Related Terms
Business One Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Business One Holdings'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.
Business One Holdings Return-on-Tangible-Asset Chart
FSE:4827 vs CBRE, BEKE, JLL: Return-on-Tangible-Asset Comparison
For the Real Estate Services subindustry, Business One Holdings'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.
Business One Holdings Return-on-Tangible-Asset vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Business One Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Business One Holdings'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 two times the semi-annual (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 2.21% mean?
Business One Holdings (FSE:4827) has a Return-on-Tangible-Asset of 2.21% 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 Business One Holdings and its competitors. This is 19% below median its historical median of 2.72. Over the past decade, Business One Holdings' Return-on-Tangible-Asset has ranged from 2.54 to 3.13. According to the industry distribution chart, Business One Holdings ranks #694 out of 1800 companies in the Real Estate industry, placing it in the top 38.6%.
Is Business One Holdings' Return-on-Tangible-Asset too high?
Business One Holdings' current Return-on-Tangible-Asset of 2.21% is 19% below median its 10-year median of 2.72. Over the past 10 years, this metric has ranged from a low of 2.54 to a high of 3.13. The Real Estate industry median Return-on-Tangible-Asset is 1.75. Business One Holdings' value of 2.21% is 26.3% above this industry median. Based on the distribution chart, Business One Holdings ranks #694 out of 1800 companies in the Real Estate industry, which is above the industry midpoint. Overall, Business One Holdings has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Business One Holdings' Return-on-Tangible-Asset compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Business One Holdings ranks #694 out of 1800 companies for Return-on-Tangible-Asset. This puts Business One Holdings in the upper half of its industry. The industry median Return-on-Tangible-Asset is 1.75. Business One Holdings' value of 2.21% is 26.3% above this benchmark. Historically, Business One Holdings' own Return-on-Tangible-Asset has ranged from 2.54 to 3.13 over the past decade. While the company's 10-year median is 2.72 vs. the industry median of 1.75, Business One Holdings 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 Real Estate company?
The median Return-on-Tangible-Asset among Real Estate companies is 1.75, based on 1,800 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. Business One Holdings's current Return-on-Tangible-Asset of 2.21% is 26.3% 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 Business One Holdings and its competitors. For the Real Estate industry, the median Return-on-Tangible-Asset is 1.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Business One Holdings's current Return-on-Tangible-Asset is 2.21%, which is 19% below median its own 10-year median of 2.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Business One Holdings stock overvalued right now?
Based on GuruFocus' analysis, Business One Holdings (FSE:4827) is currently considered Modestly Undervalued. The stock's GF Value™ is 円921.80, compared to a current price of 円822.00 — trading 10.8% below its estimated fair value. The current Return-on-Tangible-Asset is 2.21%, which is 19% below median its 10-year median of 2.72 and 26.3% above the Real Estate industry median of 1.75. Business One Holdings' overall GF Score™ is 77/100 with 4 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 Business One Holdings (FSE:4827), the current Return-on-Tangible-Asset is 2.21% 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 Business One Holdings (FSE:4827) Overvalued in 2026?
Based on GuruFocus' analysis, Business One Holdings stock appears to be undervalued.
The current stock price of 円822.00 is trading 10.8% below its estimated GF Value™ of 円921.80.
GuruFocus considers Business One Holdings to be Modestly Undervalued.
Key valuation signals for FSE:4827:
Return-on-Tangible-Asset: 2.21% (19% below median its 10-year median of 2.72)
GF Value™: 円921.80 vs. price of 円822.00 (10.8% below fair value)
Industry Position: 26.3% above the Real Estate median (#694 of 1800)
No single metric tells the full story. See the FSE:4827 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Business One Holdings Inc provides real estate management services for condominiums. The company purchases and sells real estate properties; and develops and sells software products. It also has leasing management business, finance business, software business, health business. It develops and sells evaluation software for plumbing and electrical contractors.
77GF Score
Get the complete analysis for FSE:4827
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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