ArkCore (NGO:3384) Return-on-Tangible-Asset: 3.57% (As of Feb. 2026) — 25% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

NGO:3384 ArkCore Inc NGO:3384
69 GF Score
Price 円748.00
GF Value 円790.99
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is ArkCore Return-on-Tangible-Asset?

ArkCore NGO:3384 -0.93% 69 Return-on-Tangible-Asset is 3.57% as of Feb. 2026, which is 25% above its 10-year median of 2.86. GuruFocus rates NGO:3384 with a GF Score™ of 69/100 and a GF Value™ of 円790.99 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,331 Vehicles & Parts companies, ArkCore ranks better than 88.43% 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. ArkCore's annualized Net Income for the quarter that ended in Feb. 2026 was 円103 Mil. ArkCore's average total tangible assets for the quarter that ended in Feb. 2026 was 円2,874 Mil. Therefore, ArkCore's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2026 was 3.57%.

The historical rank and industry rank for ArkCore's Return-on-Tangible-Asset or its related term are showing as below:

NGO:3384' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -18.42   Med: 2.86   Max: 21.93
Current: 10.01

During the past 13 years, ArkCore's highest Return-on-Tangible-Asset was 21.93%. The lowest was -18.42%. And the median was 2.86%.

NGO:3384's Return-on-Tangible-Asset is ranked better than
88.43% of 1331 companies
in the Vehicles & Parts industry
Industry Median: 3.19 vs NGO:3384: 10.01

ArkCore  (NGO:3384) 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 company’s 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 company’s 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.


ArkCore Return-on-Tangible-Asset Related Terms


ArkCore Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for ArkCore'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.

ArkCore Return-on-Tangible-Asset Chart

ArkCore Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.21 21.93 6.84 14.16 10.00

ArkCore Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.21 18.57 10.09 16.43 3.57

NGO:3384 vs CVNA, PAG, KMX: Return-on-Tangible-Asset Comparison

For the Auto & Truck Dealerships subindustry, ArkCore'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.


ArkCore Return-on-Tangible-Asset vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, ArkCore's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where ArkCore's Return-on-Tangible-Asset falls into.


NGO:3384
69GF Score
ArkCore Inc NGO:3384
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ArkCore Return-on-Tangible-Asset Calculation

ArkCore's annualized Return-on-Tangible-Asset for the fiscal year that ended in Feb. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Feb. 2026 )  (A: Feb. 2025 )(A: Feb. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Feb. 2026 )  (A: Feb. 2025 )(A: Feb. 2026 )
=288.037/( (2888.388+2873.007)/ 2 )
=288.037/2880.6975
=10.00 %

ArkCore's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Feb. 2026 )  (Q: Aug. 2025 )(Q: Feb. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Feb. 2026 )  (Q: Aug. 2025 )(Q: Feb. 2026 )
=102.546/( (2874.047+2873.007)/ 2 )
=102.546/2873.527
=3.57 %

* 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 3.57% mean?
ArkCore (NGO:3384) has a Return-on-Tangible-Asset of 3.57% 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 ArkCore and its competitors. This is 25% above median its historical median of 2.86. According to the industry distribution chart, ArkCore ranks #154 out of 1331 companies in the Vehicles & Parts industry, placing it in the top 11.6%.
Is ArkCore's Return-on-Tangible-Asset too high?
ArkCore's current Return-on-Tangible-Asset of 3.57% is 25% above median its 10-year median of 2.86. The Vehicles & Parts industry median Return-on-Tangible-Asset is 3.19. ArkCore's value of 3.57% is 11.9% above this industry median. Based on the distribution chart, ArkCore ranks #154 out of 1331 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, ArkCore has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ArkCore's Return-on-Tangible-Asset compare to CVNA and PAG?
According to the Vehicles & Parts industry distribution chart, ArkCore ranks #154 out of 1331 companies for Return-on-Tangible-Asset. This places ArkCore in the top 12% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.19. ArkCore's value of 3.57% is 11.9% above this benchmark. While the company's 10-year median is 2.86 vs. the industry median of 3.19, ArkCore 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 3.19, based on 1,331 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. ArkCore's current Return-on-Tangible-Asset of 3.57% is 11.9% 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 ArkCore and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Asset is 3.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ArkCore's current Return-on-Tangible-Asset is 3.57%, which is 25% above median its own 10-year median of 2.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ArkCore stock overvalued right now?
Based on GuruFocus' analysis, ArkCore (NGO:3384) is currently considered Fairly Valued. The stock's GF Value™ is 円790.99, compared to a current price of 円748.00 — trading 5.4% below its estimated fair value. The current Return-on-Tangible-Asset is 3.57%, which is 25% above median its 10-year median of 2.86 and 11.9% above the Vehicles & Parts industry median of 3.19. ArkCore's overall GF Score™ is 69/100 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 ArkCore (NGO:3384), the current Return-on-Tangible-Asset is 3.57% 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.

Is ArkCore (NGO:3384) Overvalued in 2026?

Based on GuruFocus' analysis, ArkCore stock appears to be undervalued. The current stock price of 円748.00 is trading 5.4% below its estimated GF Value™ of 円790.99. GuruFocus considers ArkCore to be Fairly Valued.

Key valuation signals for NGO:3384:

  • Return-on-Tangible-Asset: 3.57% (25% above median its 10-year median of 2.86)
  • GF Value™: 円790.99 vs. price of 円748.00 (5.4% below fair value)
  • GF Score™: 69/100 with 1 warning sign
  • Industry Position: 11.9% above the Vehicles & Parts median (#154 of 1331)

No single metric tells the full story. See the NGO:3384 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ArkCore Business Description

Address 2-14-4, Ikebukuro, 3rd floor, Sky Building, Ikebukuro West Exit, Toshima-ku, Tokyo, JPN
ArkCore Inc. is engaged in the purchase and sales of motorcycles and related products in Japan. It sells bikes through its stores and online. The company operates its stores under the Bike Land and Bike Land Direct Sales Center brand names.
69GF Score

Get the complete analysis for NGO:3384

Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円748.00
Price
円790.99
GF Value