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Marusan Securities CoMRSZF 81 Return-on-Tangible-Asset is 5.85% as of Mar. 2026, which is 109% above its 10-year median of 2.80. GuruFocus rates MRSZF with a GF Score™ of 81/100 and a GF Value™ of $9.64. The stock has 4 warning signs investors should review. Among 814 Capital Markets companies, Marusan Securities Co ranks better than 76.78% 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. Marusan Securities Co's annualizedNet Income for the quarter that ended in Mar. 2026 was $34.7 Mil. Marusan Securities Co's average total tangible assets for the quarter that ended in Mar. 2026 was $592.6 Mil. Therefore, Marusan Securities Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 5.85%.
The historical rank and industry rank for Marusan Securities Co's Return-on-Tangible-Asset or its related term are showing as below:
MRSZF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.61 Med: 2.8 Max: 6.31
Current: 6
During the past 13 years, Marusan Securities Co's highest Return-on-Tangible-Asset was 6.31%. The lowest was 0.61%. And the median was 2.80%.
MRSZF's Return-on-Tangible-Asset is ranked better than 76.78% of 814
companies
in the Capital Markets industry
Industry Median: 1.57
vs MRSZF: 6.00
Marusan Securities Co (OTCPK:MRSZF) 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.
Marusan Securities Co Return-on-Tangible-Asset Related Terms
Marusan Securities Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Marusan Securities 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.
Marusan Securities Co Return-on-Tangible-Asset Chart
MRSZF vs MS, GS, SCHW: Return-on-Tangible-Asset Comparison
For the Capital Markets subindustry, Marusan Securities 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.
Marusan Securities Co Return-on-Tangible-Asset vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Marusan Securities Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Marusan Securities 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 5.85% mean?
Marusan Securities Co (MRSZF) has a Return-on-Tangible-Asset of 5.85% 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 Marusan Securities Co and its competitors. This is 109% above median its historical median of 2.80. Over the past decade, Marusan Securities Co's Return-on-Tangible-Asset has ranged from 0.61 to 6.31. According to the industry distribution chart, Marusan Securities Co ranks #189 out of 814 companies in the Capital Markets industry, placing it in the top 23.2%.
Is Marusan Securities Co's Return-on-Tangible-Asset too high?
Marusan Securities Co's current Return-on-Tangible-Asset of 5.85% is 109% above median its 10-year median of 2.80. Over the past 10 years, this metric has ranged from a low of 0.61 to a high of 6.31. The Capital Markets industry median Return-on-Tangible-Asset is 1.57. Marusan Securities Co's value of 5.85% is 272.6% above this industry median. Based on the distribution chart, Marusan Securities Co ranks #189 out of 814 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Marusan Securities Co has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Marusan Securities Co's Return-on-Tangible-Asset compare to MS and GS?
According to the Capital Markets industry distribution chart, Marusan Securities Co ranks #189 out of 814 companies for Return-on-Tangible-Asset. This places Marusan Securities Co in the top 23% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.57. Marusan Securities Co's value of 5.85% is 272.6% above this benchmark. Historically, Marusan Securities Co's own Return-on-Tangible-Asset has ranged from 0.61 to 6.31 over the past decade. While the company's 10-year median is 2.80 vs. the industry median of 1.57, Marusan Securities 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 Capital Markets company?
The median Return-on-Tangible-Asset among Capital Markets companies is 1.57, based on 814 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. Marusan Securities Co's current Return-on-Tangible-Asset of 5.85% is 272.6% 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 Marusan Securities Co and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Asset is 1.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marusan Securities Co's current Return-on-Tangible-Asset is 5.85%, which is 109% above median its own 10-year median of 2.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marusan Securities Co stock overvalued right now?
Marusan Securities Co (MRSZF) has a current Return-on-Tangible-Asset of 5.85%. The stock's GF Value™ is $9.64, compared to a current price of $10.07 — trading 4.5% above its estimated fair value. The current Return-on-Tangible-Asset is 5.85%, which is 109% above median its 10-year median of 2.80 and 272.6% above the Capital Markets industry median of 1.57. Marusan Securities Co's overall GF Score™ is 81/100 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 Marusan Securities Co (MRSZF), the current Return-on-Tangible-Asset is 5.85% 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 Marusan Securities Co (MRSZF) Overvalued in 2026?
Based on GuruFocus' analysis, Marusan Securities Co stock appears to be overvalued.
The current stock price of $10.07 is trading 4.5% above its estimated GF Value™ of $9.64.
Key valuation signals for MRSZF:
Return-on-Tangible-Asset: 5.85% (109% above median its 10-year median of 2.80)
GF Value™: $9.64 vs. price of $10.07 (4.5% above fair value)
Industry Position: 272.6% above the Capital Markets median (#189 of 814)
No single metric tells the full story. See the MRSZF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Marusan Securities Co Ltd trades financial securities and derivatives. The company is headquartered in Japan and generates all revenue domestically. Securities services offered by the company include mediation of buying and selling securities, brokerage, trading, exchange-market activities, underwriting, private placement, agency of bond payments, and investment trust services. The company also provides banking services such as loans on collateral, buying and selling yen-denominated bank acceptances, buying and selling gold bullion, safety deposits, business loans, and insurance including property, casualty, and life.
81GF Score
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