Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Micware CoMWC +3.97%20 Return-on-Tangible-Asset is 7.45% as of Feb. 2026, which is 7% above its 10-year median of 6.95. GuruFocus rates MWC with a GF Score™ of 20/100. The stock has 1 warning sign investors should review. Among 1,334 Vehicles & Parts companies, Micware Co ranks better than 74.14% 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. Micware Co's annualizedNet Income for the quarter that ended in Feb. 2026 was $11.6 Mil. Micware Co's average total tangible assets for the quarter that ended in Feb. 2026 was $155.8 Mil. Therefore, Micware Co's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2026 was 7.45%.
The historical rank and industry rank for Micware Co's Return-on-Tangible-Asset or its related term are showing as below:
MWC'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 6.79 Med: 6.95 Max: 8.9
Current: 6.87
During the past 3 years, Micware Co's highest Return-on-Tangible-Asset was 8.90%. The lowest was 6.79%. And the median was 6.95%.
MWC's Return-on-Tangible-Asset is ranked better than 74.14% of 1334
companies
in the Vehicles & Parts industry
Industry Median: 3.35
vs MWC: 6.87
Micware Co (NAS:MWC) 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.
Micware Co Return-on-Tangible-Asset Related Terms
Micware Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Micware 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.
Micware Co Return-on-Tangible-Asset Chart
Micware Co Annual Data
Trend
Feb24
Feb25
Feb26
Return-on-Tangible-Asset
8.90
6.95
6.79
Micware Co Semi-Annual Data
Feb24
Aug24
Feb25
Aug25
Feb26
Return-on-Tangible-Asset
0.00
9.25
5.59
6.22
7.45
MWC vs CAAS, INVZ, MKDW: Return-on-Tangible-Asset Comparison
For the Auto Parts subindustry, Micware 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.
Micware Co Return-on-Tangible-Asset vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Micware Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Micware 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 two times the semi-annual (Feb. 2026) net income data.
What does a Return-on-Tangible-Asset of 7.45% mean?
Micware Co (MWC) has a Return-on-Tangible-Asset of 7.45% 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 Micware Co and its competitors. This is near median its historical median of 6.95. Over the past decade, Micware Co's Return-on-Tangible-Asset has ranged from 6.79 to 8.90. According to the industry distribution chart, Micware Co ranks #345 out of 1334 companies in the Vehicles & Parts industry, placing it in the top 25.9%.
Is Micware Co's Return-on-Tangible-Asset too high?
Micware Co's current Return-on-Tangible-Asset of 7.45% is near median its 10-year median of 6.95. Over the past 10 years, this metric has ranged from a low of 6.79 to a high of 8.90. The Vehicles & Parts industry median Return-on-Tangible-Asset is 3.35. Micware Co's value of 7.45% is 122.4% above this industry median. Based on the distribution chart, Micware Co ranks #345 out of 1334 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Micware Co has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Micware Co's Return-on-Tangible-Asset compare to CAAS and INVZ?
According to the Vehicles & Parts industry distribution chart, Micware Co ranks #345 out of 1334 companies for Return-on-Tangible-Asset. This puts Micware Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.35. Micware Co's value of 7.45% is 122.4% above this benchmark. Historically, Micware Co's own Return-on-Tangible-Asset has ranged from 6.79 to 8.90 over the past decade. While the company's 10-year median is 6.95 vs. the industry median of 3.35, Micware 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 Vehicles & Parts company?
The median Return-on-Tangible-Asset among Vehicles & Parts companies is 3.35, based on 1,334 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. Micware Co's current Return-on-Tangible-Asset of 7.45% is 122.4% 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 Micware Co and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Asset is 3.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Micware Co's current Return-on-Tangible-Asset is 7.45%, which is near median its own 10-year median of 6.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Micware Co stock overvalued right now?
Micware Co (MWC) has a current Return-on-Tangible-Asset of 7.45%. The current Return-on-Tangible-Asset is 7.45%, which is near median its 10-year median of 6.95 and 122.4% above the Vehicles & Parts industry median of 3.35. Micware Co's overall GF Score™ is 20/100 with 1 warning sign 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 Micware Co (MWC), the current Return-on-Tangible-Asset is 7.45% 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.
Micware Co Ltd is a Japan-based holding company that provides software development services and inventive information technology (IT) solutions mainly focused on the automotive and mobility sectors. Its main focus is the development and sale of in-vehicle infotainment (IVI) systems that cover a broad range of modern car functionality from multimedia to navigation, human-machine interface, telematics, and driver assistance. The group also engaged in the development of navigation software and location information-based smartphone applications. The Company operates its business units in the three operating segments: Software Defined Vehicles (SDV), Location-Based Services (LBS), and Other. The Company operates principally in Japan. All material revenue of the Company is derived from Japan.
20GF Score
Get the complete analysis for MWC
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MWC has been successfully added to your 
