Nitori Holdings CoNCLTY -1.62%86 Return-on-Tangible-Asset is 3.78% as of Mar. 2026, which is 68% below its 10-year median of 11.76. GuruFocus rates NCLTY with a GF Score™ of 86/100 and a GF Value™ of $11.04 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 432 Furnishings, Fixtures & Appliances companies, Nitori Holdings Co ranks better than 72.69% 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. Nitori Holdings Co's annualizedNet Income for the quarter that ended in Mar. 2026 was $376 Mil. Nitori Holdings Co's average total tangible assets for the quarter that ended in Mar. 2026 was $9,954 Mil. Therefore, Nitori Holdings Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 3.78%.
The historical rank and industry rank for Nitori Holdings Co's Return-on-Tangible-Asset or its related term are showing as below:
NCLTY'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 5.65 Med: 11.76 Max: 13.68
Current: 5.83
During the past 13 years, Nitori Holdings Co's highest Return-on-Tangible-Asset was 13.68%. The lowest was 5.65%. And the median was 11.76%.
NCLTY's Return-on-Tangible-Asset is ranked better than 72.69% of 432
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 2.405
vs NCLTY: 5.83
Nitori Holdings Co (OTCPK:NCLTY) 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.
Nitori Holdings Co Return-on-Tangible-Asset Related Terms
Nitori Holdings Co Return-on-Tangible-Asset Historical Data
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The historical data trend for Nitori Holdings 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.
NCLTY vs SN, SGI, MHK: Return-on-Tangible-Asset Comparison
For the Furnishings, Fixtures & Appliances subindustry, Nitori Holdings 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.
Nitori Holdings Co Return-on-Tangible-Asset vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Nitori Holdings Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Nitori Holdings 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 3.78% mean?
Nitori Holdings Co (NCLTY) has a Return-on-Tangible-Asset of 3.78% 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 Nitori Holdings Co and its competitors. This is 68% below median its historical median of 11.76. Over the past decade, Nitori Holdings Co's Return-on-Tangible-Asset has ranged from 5.65 to 13.68. According to the industry distribution chart, Nitori Holdings Co ranks #118 out of 432 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 27.3%.
Is Nitori Holdings Co's Return-on-Tangible-Asset too high?
Nitori Holdings Co's current Return-on-Tangible-Asset of 3.78% is 68% below median its 10-year median of 11.76. Over the past 10 years, this metric has ranged from a low of 5.65 to a high of 13.68. The Furnishings, Fixtures & Appliances industry median Return-on-Tangible-Asset is 2.41. Nitori Holdings Co's value of 3.78% is 57.2% above this industry median. Based on the distribution chart, Nitori Holdings Co ranks #118 out of 432 companies in the Furnishings, Fixtures & Appliances industry, which is above the industry midpoint. Overall, Nitori Holdings Co has a GF Score™ of 86/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nitori Holdings Co's Return-on-Tangible-Asset compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Nitori Holdings Co ranks #118 out of 432 companies for Return-on-Tangible-Asset. This puts Nitori Holdings Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.41. Nitori Holdings Co's value of 3.78% is 57.2% above this benchmark. Historically, Nitori Holdings Co's own Return-on-Tangible-Asset has ranged from 5.65 to 13.68 over the past decade. While the company's 10-year median is 11.76 vs. the industry median of 2.41, Nitori Holdings 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 Furnishings, Fixtures & Appliances company?
The median Return-on-Tangible-Asset among Furnishings, Fixtures & Appliances companies is 2.41, based on 432 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. Nitori Holdings Co's current Return-on-Tangible-Asset of 3.78% is 57.2% 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 Nitori Holdings Co and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Return-on-Tangible-Asset is 2.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nitori Holdings Co's current Return-on-Tangible-Asset is 3.78%, which is 68% below median its own 10-year median of 11.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nitori Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Nitori Holdings Co (NCLTY) is currently considered Significantly Undervalued. The stock's GF Value™ is $11.04, compared to a current price of $7.27 — trading 34.1% below its estimated fair value. The current Return-on-Tangible-Asset is 3.78%, which is 68% below median its 10-year median of 11.76 and 57.2% above the Furnishings, Fixtures & Appliances industry median of 2.41. Nitori Holdings Co's overall GF Score™ is 86/100 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 Nitori Holdings Co (NCLTY), the current Return-on-Tangible-Asset is 3.78% 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 Nitori Holdings Co (NCLTY) Overvalued in 2026?
Based on GuruFocus' analysis, Nitori Holdings Co stock appears to be undervalued.
The current stock price of $7.27 is trading 34.1% below its estimated GF Value™ of $11.04.
GuruFocus considers Nitori Holdings Co to be Significantly Undervalued.
Key valuation signals for NCLTY:
Return-on-Tangible-Asset: 3.78% (68% below median its 10-year median of 11.76)
GF Value™: $11.04 vs. price of $7.27 (34.1% below fair value)
Industry Position: 57.2% above the Furnishings, Fixtures & Appliances median (#118 of 432)
No single metric tells the full story. See the NCLTY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nitori Holdings Co Ltd is a Japan-based company engaged in the sale of furniture and interior goods. The company operates through two business segments. The Nitori Business segment is involved in the development, manufacturing, and sale of furniture and interior goods, along with activities such as real estate leasing, advertising, and logistics services. The Shimachu Business segment focuses on the sale of furniture, interior goods, and home center products. It generates the majority of its revenue from the Nitori Business segment.
86GF Score
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