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Internet Initiative JapanIIJIF -3.09%94 Return-on-Tangible-Asset is 10.18% as of Mar. 2026, which is 60% above its 10-year median of 6.35. GuruFocus rates IIJIF with a GF Scoreâ„¢ of 94/100 and a GF Valueâ„¢ of $18.15. The stock has 6 warning signs investors should review. Among 366 Telecommunication Services companies, Internet Initiative Japan ranks better than 72.95% 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. Internet Initiative Japan's annualizedNet Income for the quarter that ended in Mar. 2026 was $199 Mil. Internet Initiative Japan's average total tangible assets for the quarter that ended in Mar. 2026 was $1,960 Mil. Therefore, Internet Initiative Japan's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 10.18%.
The historical rank and industry rank for Internet Initiative Japan's Return-on-Tangible-Asset or its related term are showing as below:
IIJIF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.47 Med: 6.35 Max: 8.86
Current: 8.19
During the past 13 years, Internet Initiative Japan's highest Return-on-Tangible-Asset was 8.86%. The lowest was 2.47%. And the median was 6.35%.
IIJIF's Return-on-Tangible-Asset is ranked better than 72.95% of 366
companies
in the Telecommunication Services industry
Industry Median: 3.43
vs IIJIF: 8.19
Internet Initiative Japan (OTCPK:IIJIF) 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 companyÂ’s 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 companyÂ’s 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.
Internet Initiative Japan Return-on-Tangible-Asset Related Terms
Internet Initiative Japan Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Internet Initiative Japan'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.
Internet Initiative Japan Return-on-Tangible-Asset Chart
IIJIF vs VZ, TMUS, T: Return-on-Tangible-Asset Comparison
For the Telecom Services subindustry, Internet Initiative Japan'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.
Internet Initiative Japan Return-on-Tangible-Asset vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Internet Initiative Japan's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Internet Initiative Japan'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 10.18% mean?
Internet Initiative Japan (IIJIF) has a Return-on-Tangible-Asset of 10.18% 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 Internet Initiative Japan and its competitors. This is 60% above median its historical median of 6.35. Over the past decade, Internet Initiative Japan's Return-on-Tangible-Asset has ranged from 2.47 to 8.86. According to the industry distribution chart, Internet Initiative Japan ranks #99 out of 366 companies in the Telecommunication Services industry, placing it in the top 27%.
Is Internet Initiative Japan's Return-on-Tangible-Asset too high?
Internet Initiative Japan's current Return-on-Tangible-Asset of 10.18% is 60% above median its 10-year median of 6.35. Over the past 10 years, this metric has ranged from a low of 2.47 to a high of 8.86. The Telecommunication Services industry median Return-on-Tangible-Asset is 3.43. Internet Initiative Japan's value of 10.18% is 196.8% above this industry median. Based on the distribution chart, Internet Initiative Japan ranks #99 out of 366 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Internet Initiative Japan has a GF Scoreâ„¢ of 94/100, reflecting its overall financial health beyond just this single metric.
How does Internet Initiative Japan's Return-on-Tangible-Asset compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Internet Initiative Japan ranks #99 out of 366 companies for Return-on-Tangible-Asset. This puts Internet Initiative Japan in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.43. Internet Initiative Japan's value of 10.18% is 196.8% above this benchmark. Historically, Internet Initiative Japan's own Return-on-Tangible-Asset has ranged from 2.47 to 8.86 over the past decade. While the company's 10-year median is 6.35 vs. the industry median of 3.43, Internet Initiative Japan 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 Telecommunication Services company?
The median Return-on-Tangible-Asset among Telecommunication Services companies is 3.43, based on 366 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. Internet Initiative Japan's current Return-on-Tangible-Asset of 10.18% is 196.8% 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 Internet Initiative Japan and its competitors. For the Telecommunication Services industry, the median Return-on-Tangible-Asset is 3.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Internet Initiative Japan's current Return-on-Tangible-Asset is 10.18%, which is 60% above median its own 10-year median of 6.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Internet Initiative Japan stock overvalued right now?
Internet Initiative Japan (IIJIF) has a current Return-on-Tangible-Asset of 10.18%. The stock's GF Value™ is $18.15, compared to a current price of $18.51 — trading 2% above its estimated fair value. The current Return-on-Tangible-Asset is 10.18%, which is 60% above median its 10-year median of 6.35 and 196.8% above the Telecommunication Services industry median of 3.43. Internet Initiative Japan's overall GF Score™ is 94/100 with 6 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 Internet Initiative Japan (IIJIF), the current Return-on-Tangible-Asset is 10.18% 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 Internet Initiative Japan (IIJIF) Overvalued in 2026?
Based on GuruFocus' analysis, Internet Initiative Japan stock appears to be overvalued.
The current stock price of $18.51 is trading 2% above its estimated GF Value™ of $18.15.
Key valuation signals for IIJIF:
Return-on-Tangible-Asset: 10.18% (60% above median its 10-year median of 6.35)
GF Value™: $18.15 vs. price of $18.51 (2% above fair value)
Industry Position: 196.8% above the Telecommunication Services median (#99 of 366)
No single metric tells the full story. See the IIJIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Internet Initiative Japan Inc. is a provider of a variety of services including Internet access, outsourcing, and systems integration. Its Internet access services span dial-up, mobile, and broadband technologies. Its wide area network services allow secure data sharing over Internet virtual private networks, independently developed routers, and closed wide area networks. Its outsourcing services include cloud, content delivery, data center, and security services. The firm generates nearly all its revenue in Japan.
94GF Score
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