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J-MAX CoNGO:3422 66 Return-on-Tangible-Asset is 0.68% as of Mar. 2026, which is 82% below its 10-year median of 3.74. GuruFocus rates NGO:3422 with a GF Score™ of 66/100 and a GF Value™ of 円400.33. The stock has 10 warning signs investors should review. Among 1,331 Vehicles & Parts companies, J-MAX Co ranks worse than 64.09% 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. J-MAX Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円400 Mil. J-MAX Co's average total tangible assets for the quarter that ended in Mar. 2026 was 円58,976 Mil. Therefore, J-MAX Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 0.68%.
The historical rank and industry rank for J-MAX Co's Return-on-Tangible-Asset or its related term are showing as below:
NGO:3422'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -6.15 Med: 3.74 Max: 5.48
Current: 1.54
During the past 13 years, J-MAX Co's highest Return-on-Tangible-Asset was 5.48%. The lowest was -6.15%. And the median was 3.74%.
NGO:3422's Return-on-Tangible-Asset is ranked worse than 64.09% of 1331
companies
in the Vehicles & Parts industry
Industry Median: 3.17
vs NGO:3422: 1.54
J-MAX Co (NGO:3422) 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.
J-MAX Co Return-on-Tangible-Asset Related Terms
J-MAX Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for J-MAX 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.
NGO:3422 vs ORLY, AZO: Return-on-Tangible-Asset Comparison
For the Auto Parts subindustry, J-MAX 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.
J-MAX Co Return-on-Tangible-Asset vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, J-MAX Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where J-MAX 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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 0.68% mean?
J-MAX Co (NGO:3422) has a Return-on-Tangible-Asset of 0.68% 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 J-MAX Co and its competitors. This is 82% below median its historical median of 3.74. According to the industry distribution chart, J-MAX Co ranks #853 out of 1331 companies in the Vehicles & Parts industry, placing it in the top 64.1%.
Is J-MAX Co's Return-on-Tangible-Asset too high?
J-MAX Co's current Return-on-Tangible-Asset of 0.68% is 82% below median its 10-year median of 3.74. The Vehicles & Parts industry median Return-on-Tangible-Asset is 3.17. J-MAX Co's value of 0.68% is 78.5% below this industry median. Based on the distribution chart, J-MAX Co ranks #853 out of 1331 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, J-MAX Co has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does J-MAX Co's Return-on-Tangible-Asset compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, J-MAX Co ranks #853 out of 1331 companies for Return-on-Tangible-Asset. This places J-MAX Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.17. J-MAX Co's value of 0.68% is 78.5% below this benchmark. While the company's 10-year median is 3.74 vs. the industry median of 3.17, J-MAX Co has consistently been below 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 3.17, 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. J-MAX Co's current Return-on-Tangible-Asset of 0.68% is 78.5% below 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 J-MAX Co and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Asset is 3.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. J-MAX Co's current Return-on-Tangible-Asset is 0.68%, which is 82% below median its own 10-year median of 3.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is J-MAX Co stock overvalued right now?
J-MAX Co (NGO:3422) has a current Return-on-Tangible-Asset of 0.68%. The stock's GF Value™ is 円400.33, compared to a current price of 円444.00 — trading 10.9% above its estimated fair value. The current Return-on-Tangible-Asset is 0.68%, which is 82% below median its 10-year median of 3.74 and 78.5% below the Vehicles & Parts industry median of 3.17. J-MAX Co's overall GF Score™ is 66/100 with 10 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 J-MAX Co (NGO:3422), the current Return-on-Tangible-Asset is 0.68% 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 J-MAX Co (NGO:3422) Overvalued in 2026?
Based on GuruFocus' analysis, J-MAX Co stock appears to be overvalued.
The current stock price of 円444.00 is trading 10.9% above its estimated GF Value™ of 円400.33.
Key valuation signals for NGO:3422:
Return-on-Tangible-Asset: 0.68% (82% below median its 10-year median of 3.74)
GF Value™: 円400.33 vs. price of 円444.00 (10.9% above fair value)
Industry Position: 78.5% below the Vehicles & Parts median (#853 of 1331)
No single metric tells the full story. See the NGO:3422 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
J-MAX Co Ltd is engaged in manufacture of automobile body press parts, manufacture of precision parts for automobiles, and design and production of various molds. The company also manufactures press dies, welding jigs, inspection tools, and other equipment.
66GF Score
Get the complete analysis for NGO:3422
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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