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Japan Smaller Capitalization FundJOF -1.45%36 Return-on-Tangible-Asset is 37.65% as of Feb. 2026, which is 1235% above its 10-year median of 2.82. GuruFocus rates JOF with a GF Score™ of 36/100. The stock has 2 warning signs investors should review. Among 1,632 Asset Management companies, Japan Smaller Capitalization Fund ranks better than 97.3% on this metric.
The historical rank and industry rank for Japan Smaller Capitalization Fund's Return-on-Tangible-Asset or its related term are showing as below:
JOF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -17.58 Med: 2.82 Max: 43.22
Current: 42.74
During the past 9 years, Japan Smaller Capitalization Fund's highest Return-on-Tangible-Asset was 43.22%. The lowest was -17.58%. And the median was 2.82%.
JOF's Return-on-Tangible-Asset is ranked better than 97.3% of 1632
companies
in the Asset Management industry
Industry Median: 4.54
vs JOF: 42.74
Japan Smaller Capitalization Fund (NYSE:JOF) 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.
Japan Smaller Capitalization Fund Return-on-Tangible-Asset Related Terms
Japan Smaller Capitalization Fund Return-on-Tangible-Asset Historical Data
* 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.
Japan Smaller Capitalization Fund Return-on-Tangible-Asset Chart
JOF vs RFMZ, BGT, PPT: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Japan Smaller Capitalization Fund'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.
Japan Smaller Capitalization Fund Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Japan Smaller Capitalization Fund's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Japan Smaller Capitalization Fund'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 (Feb. 2026) net income data.
What does a Return-on-Tangible-Asset of 37.65% mean?
Japan Smaller Capitalization Fund (JOF) has a Return-on-Tangible-Asset of 37.65% 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 Japan Smaller Capitalization Fund and its competitors. This is 1235% above median its historical median of 2.82. According to the industry distribution chart, Japan Smaller Capitalization Fund ranks #44 out of 1632 companies in the Asset Management industry, placing it in the top 2.7%.
Is Japan Smaller Capitalization Fund's Return-on-Tangible-Asset too high?
Japan Smaller Capitalization Fund's current Return-on-Tangible-Asset of 37.65% is 1235% above median its 10-year median of 2.82. The Asset Management industry median Return-on-Tangible-Asset is 4.54. Japan Smaller Capitalization Fund's value of 37.65% is 729.3% above this industry median. Based on the distribution chart, Japan Smaller Capitalization Fund ranks #44 out of 1632 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Japan Smaller Capitalization Fund has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Japan Smaller Capitalization Fund's Return-on-Tangible-Asset compare to RFMZ and BGT?
According to the Asset Management industry distribution chart, Japan Smaller Capitalization Fund ranks #44 out of 1632 companies for Return-on-Tangible-Asset. This places Japan Smaller Capitalization Fund in the top 3% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 4.54. Japan Smaller Capitalization Fund's value of 37.65% is 729.3% above this benchmark. While the company's 10-year median is 2.82 vs. the industry median of 4.54, Japan Smaller Capitalization Fund 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 an Asset Management company?
The median Return-on-Tangible-Asset among Asset Management companies is 4.54, based on 1,632 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. Japan Smaller Capitalization Fund's current Return-on-Tangible-Asset of 37.65% is 729.3% 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 Japan Smaller Capitalization Fund and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Smaller Capitalization Fund's current Return-on-Tangible-Asset is 37.65%, which is 1235% above median its own 10-year median of 2.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Smaller Capitalization Fund stock overvalued right now?
Japan Smaller Capitalization Fund (JOF) has a current Return-on-Tangible-Asset of 37.65%. The current Return-on-Tangible-Asset is 37.65%, which is 1235% above median its 10-year median of 2.82 and 729.3% above the Asset Management industry median of 4.54. Japan Smaller Capitalization Fund's overall GF Score™ is 36/100 with 2 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 Japan Smaller Capitalization Fund (JOF), the current Return-on-Tangible-Asset is 37.65% 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.
Japan Smaller Capitalization Fund Inc is a closed-end management investment company. Its investment objective is to seek long-term capital appreciation through investments in smaller capitalization Japanese equity securities. Its portfolio of investments consists of different sectors such as banks, chemicals, construction, electric appliances, financing business, food, Information and Communication, Utilities, Real Estate, and others.
36GF Score
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