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Shinwa CoNGO:3447 71 Return-on-Tangible-Asset is 9.35% as of Mar. 2026, which is 19% below its 10-year median of 11.51. GuruFocus rates NGO:3447 with a GF Score™ of 71/100 and a GF Value™ of 円994.25. The stock has 5 warning signs investors should review. Among 3,077 Industrial Products companies, Shinwa Co ranks better than 84.99% 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. Shinwa Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円1,677 Mil. Shinwa Co's average total tangible assets for the quarter that ended in Mar. 2026 was 円17,942 Mil. Therefore, Shinwa Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 9.35%.
The historical rank and industry rank for Shinwa Co's Return-on-Tangible-Asset or its related term are showing as below:
NGO:3447'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.94 Med: 11.51 Max: 17.18
Current: 9.89
During the past 10 years, Shinwa Co's highest Return-on-Tangible-Asset was 17.18%. The lowest was 3.94%. And the median was 11.51%.
NGO:3447's Return-on-Tangible-Asset is ranked better than 84.99% of 3077
companies
in the Industrial Products industry
Industry Median: 3.26
vs NGO:3447: 9.89
Shinwa Co (NGO:3447) 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.
Shinwa Co Return-on-Tangible-Asset Related Terms
Shinwa Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Shinwa 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:3447 vs CRS, ATI, MLI: Return-on-Tangible-Asset Comparison
For the Metal Fabrication subindustry, Shinwa 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.
Shinwa Co Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Shinwa Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Shinwa 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 9.35% mean?
Shinwa Co (NGO:3447) has a Return-on-Tangible-Asset of 9.35% 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 Shinwa Co and its competitors. This is 19% below median its historical median of 11.51. Over the past decade, Shinwa Co's Return-on-Tangible-Asset has ranged from 3.94 to 17.18. According to the industry distribution chart, Shinwa Co ranks #462 out of 3077 companies in the Industrial Products industry, placing it in the top 15%.
Is Shinwa Co's Return-on-Tangible-Asset too high?
Shinwa Co's current Return-on-Tangible-Asset of 9.35% is 19% below median its 10-year median of 11.51. Over the past 10 years, this metric has ranged from a low of 3.94 to a high of 17.18. The Industrial Products industry median Return-on-Tangible-Asset is 3.26. Shinwa Co's value of 9.35% is 186.8% above this industry median. Based on the distribution chart, Shinwa Co ranks #462 out of 3077 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Shinwa Co has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does Shinwa Co's Return-on-Tangible-Asset compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Shinwa Co ranks #462 out of 3077 companies for Return-on-Tangible-Asset. This places Shinwa Co in the top 15% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.26. Shinwa Co's value of 9.35% is 186.8% above this benchmark. Historically, Shinwa Co's own Return-on-Tangible-Asset has ranged from 3.94 to 17.18 over the past decade. While the company's 10-year median is 11.51 vs. the industry median of 3.26, Shinwa 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 an Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.26, based on 3,077 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. Shinwa Co's current Return-on-Tangible-Asset of 9.35% is 186.8% 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 Shinwa Co and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shinwa Co's current Return-on-Tangible-Asset is 9.35%, which is 19% below median its own 10-year median of 11.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shinwa Co stock overvalued right now?
Shinwa Co (NGO:3447) has a current Return-on-Tangible-Asset of 9.35%. The stock's GF Value™ is 円994.25, compared to a current price of 円886.00 — trading 10.9% below its estimated fair value. The current Return-on-Tangible-Asset is 9.35%, which is 19% below median its 10-year median of 11.51 and 186.8% above the Industrial Products industry median of 3.26. Shinwa Co's overall GF Score™ is 71/100 with 5 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 Shinwa Co (NGO:3447), the current Return-on-Tangible-Asset is 9.35% 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 Shinwa Co (NGO:3447) Overvalued in 2026?
Based on GuruFocus' analysis, Shinwa Co stock appears to be undervalued.
The current stock price of 円886.00 is trading 10.9% below its estimated GF Value™ of 円994.25.
Key valuation signals for NGO:3447:
Return-on-Tangible-Asset: 9.35% (19% below median its 10-year median of 11.51)
GF Value™: 円994.25 vs. price of 円886.00 (10.9% below fair value)
Industry Position: 186.8% above the Industrial Products median (#462 of 3077)
No single metric tells the full story. See the NGO:3447 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shinwa Co Ltd is a Japan-based company offering temporary construction materials and distribution equipment. Products offered by the company include Shinwa catcher, Shinwa pallet, logistics equipment and other safety equipment such as preceding handrail safe hangers, baseboard safe angles, simple lift handling boxes.
71GF Score
Get the complete analysis for NGO:3447
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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