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Kioxia HoldingsKXIAY -1.33%18 Return-on-Tangible-Asset is 45.59% as of Mar. 2026, which is 8667% above its 10-year median of 0.52. GuruFocus rates KXIAY with a GF Score™ of 18/100. The stock has 2 warning signs investors should review. Among 1,028 Semiconductors companies, Kioxia Holdings ranks better than 94.36% 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. Kioxia Holdings's annualizedNet Income for the quarter that ended in Mar. 2026 was $8,792 Mil. Kioxia Holdings's average total tangible assets for the quarter that ended in Mar. 2026 was $19,287 Mil. Therefore, Kioxia Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 45.59%.
The historical rank and industry rank for Kioxia Holdings's Return-on-Tangible-Asset or its related term are showing as below:
KXIAY'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -12.01 Med: 0.52 Max: 20.31
Current: 20.31
During the past 5 years, Kioxia Holdings's highest Return-on-Tangible-Asset was 20.31%. The lowest was -12.01%. And the median was 0.52%.
KXIAY's Return-on-Tangible-Asset is ranked better than 94.36% of 1028
companies
in the Semiconductors industry
Industry Median: 2.615
vs KXIAY: 20.31
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.
Kioxia Holdings Return-on-Tangible-Asset Related Terms
Kioxia Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Kioxia 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.
KXIAY vs NVDA, AVGO, MU: Return-on-Tangible-Asset Comparison
For the Semiconductors subindustry, Kioxia 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.
Kioxia Holdings Return-on-Tangible-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Kioxia Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Kioxia 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 four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 45.59% mean?
Kioxia Holdings (KXIAY) has a Return-on-Tangible-Asset of 45.59% 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 Kioxia Holdings and its competitors. This is 8667% above median its historical median of 0.52. According to the industry distribution chart, Kioxia Holdings ranks #58 out of 1028 companies in the Semiconductors industry, placing it in the top 5.6%.
Is Kioxia Holdings' Return-on-Tangible-Asset too high?
Kioxia Holdings' current Return-on-Tangible-Asset of 45.59% is 8667% above median its 10-year median of 0.52. The Semiconductors industry median Return-on-Tangible-Asset is 2.62. Kioxia Holdings' value of 45.59% is 1643.4% above this industry median. Based on the distribution chart, Kioxia Holdings ranks #58 out of 1028 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Kioxia Holdings has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Kioxia Holdings' Return-on-Tangible-Asset compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Kioxia Holdings ranks #58 out of 1028 companies for Return-on-Tangible-Asset. This places Kioxia Holdings in the top 6% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.62. Kioxia Holdings' value of 45.59% is 1643.4% above this benchmark. While the company's 10-year median is 0.52 vs. the industry median of 2.62, Kioxia 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 Semiconductors company?
The median Return-on-Tangible-Asset among Semiconductors companies is 2.62, based on 1,028 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. Kioxia Holdings's current Return-on-Tangible-Asset of 45.59% is 1643.4% 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 Kioxia Holdings and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Asset is 2.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kioxia Holdings's current Return-on-Tangible-Asset is 45.59%, which is 8667% above median its own 10-year median of 0.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kioxia Holdings stock overvalued right now?
Kioxia Holdings (KXIAY) has a current Return-on-Tangible-Asset of 45.59%. The current Return-on-Tangible-Asset is 45.59%, which is 8667% above median its 10-year median of 0.52 and 1643.4% above the Semiconductors industry median of 2.62. Kioxia Holdings' overall GF Score™ is 18/100 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 Kioxia Holdings (KXIAY), the current Return-on-Tangible-Asset is 45.59% 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.
Kioxia Holdings is a Japan-based semiconductor memory manufacturer focusing on NAND memory chips. The company is currently the third-largest NAND supplier globally, with a 14% market share as of 2024. The largest single shareholder of Kioxia is currently Toshiba, which had a 21.9% stake as of November 2025. Kioxia operates nine fabs across Japan: seven in Yokkaichi and two in Kitakami. They are mostly run via a joint venture with Sandisk, Flash Ventures. Flash Ventures is 51% owned by Kioxia. The company's memory chips are used in various consumer electronics and enterprise infrastructure, such as PCs, smartphones, servers, and USB sticks. Of Kioxia's revenue, 51% comes from the sales of NAND memory used in solid-state drives, which are used in PCs and servers.
18GF Score
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