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Japan Material CoJPPMF 97 Return-on-Tangible-Asset is 19.71% as of Mar. 2026, which is 23% above its 10-year median of 16.07. GuruFocus rates JPPMF with a GF Score™ of 97/100. The stock has 2 warning signs investors should review. Among 1,783 Construction companies, Japan Material Co ranks better than 94.5% 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. Japan Material Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円13,984.00 Mil. Japan Material Co's average total tangible assets for the quarter that ended in Mar. 2026 was 円70,933.00 Mil. Therefore, Japan Material Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 19.71%.
The historical rank and industry rank for Japan Material Co's Return-on-Tangible-Asset or its related term are showing as below:
JPPMF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 10.62 Med: 16.07 Max: 17.96
Current: 15.93
During the past 13 years, Japan Material Co's highest Return-on-Tangible-Asset was 17.96%. The lowest was 10.62%. And the median was 16.07%.
JPPMF's Return-on-Tangible-Asset is ranked better than 94.5% of 1783
companies
in the Construction industry
Industry Median: 3.05
vs JPPMF: 15.93
Japan Material Co (OTCPK:JPPMF) 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 Material Co Return-on-Tangible-Asset Related Terms
Japan Material Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Japan Material 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.
JPPMF vs PWR, FIX, EME: Return-on-Tangible-Asset Comparison
For the Engineering & Construction subindustry, Japan Material 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.
Japan Material Co Return-on-Tangible-Asset vs Construction Industry
For the Construction industry and Industrials sector, Japan Material Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Japan Material 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 19.71% mean?
Japan Material Co (JPPMF) has a Return-on-Tangible-Asset of 19.71% 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 Japan Material Co and its competitors. This is 23% above median its historical median of 16.07. Over the past decade, Japan Material Co's Return-on-Tangible-Asset has ranged from 10.62 to 17.96. According to the industry distribution chart, Japan Material Co ranks #98 out of 1783 companies in the Construction industry, placing it in the top 5.5%.
Is Japan Material Co's Return-on-Tangible-Asset too high?
Japan Material Co's current Return-on-Tangible-Asset of 19.71% is 23% above median its 10-year median of 16.07. Over the past 10 years, this metric has ranged from a low of 10.62 to a high of 17.96. The Construction industry median Return-on-Tangible-Asset is 3.05. Japan Material Co's value of 19.71% is 546.2% above this industry median. Based on the distribution chart, Japan Material Co ranks #98 out of 1783 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Japan Material Co has a GF Score™ of 97/100, reflecting its overall financial health beyond just this single metric.
How does Japan Material Co's Return-on-Tangible-Asset compare to PWR and FIX?
According to the Construction industry distribution chart, Japan Material Co ranks #98 out of 1783 companies for Return-on-Tangible-Asset. This places Japan Material Co in the top 6% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.05. Japan Material Co's value of 19.71% is 546.2% above this benchmark. Historically, Japan Material Co's own Return-on-Tangible-Asset has ranged from 10.62 to 17.96 over the past decade. While the company's 10-year median is 16.07 vs. the industry median of 3.05, Japan Material 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 Construction company?
The median Return-on-Tangible-Asset among Construction companies is 3.05, based on 1,783 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 Material Co's current Return-on-Tangible-Asset of 19.71% is 546.2% 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 Material Co and its competitors. For the Construction industry, the median Return-on-Tangible-Asset is 3.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Material Co's current Return-on-Tangible-Asset is 19.71%, which is 23% above median its own 10-year median of 16.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Material Co stock overvalued right now?
Japan Material Co (JPPMF) has a current Return-on-Tangible-Asset of 19.71%. The current Return-on-Tangible-Asset is 19.71%, which is 23% above median its 10-year median of 16.07 and 546.2% above the Construction industry median of 3.05. Japan Material Co's overall GF Score™ is 97/100 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 Material Co (JPPMF), the current Return-on-Tangible-Asset is 19.71% 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.
Japan Material Co Ltd is engaged in manufacturing specialty gas supply devices and providing piping work and other related services. The company operates through two segments namely Electronics and Graphics solutions. Its Electronics segment is involved in the development, manufacture, and sale of gas supply systems for semiconductors and liquid crystal production, and various maintenance services. The Graphics solutions segment import, plan, market, and support multi-monitor compatible graphics products for various systems.
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