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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. Nakanippon Casting Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円-539 Mil. Nakanippon Casting Co's average total tangible assets for the quarter that ended in Mar. 2026 was 円8,842 Mil. Therefore, Nakanippon Casting Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -6.10%.
The historical rank and industry rank for Nakanippon Casting Co's Return-on-Tangible-Asset or its related term are showing as below:
NGO:6439'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -5.64 Med: 0.74 Max: 4.92
Current: -2.74
During the past 13 years, Nakanippon Casting Co's highest Return-on-Tangible-Asset was 4.92%. The lowest was -5.64%. And the median was 0.74%.
NGO:6439's Return-on-Tangible-Asset is ranked worse than 83.1% of 1331
companies
in the Vehicles & Parts industry
Industry Median: 3.19
vs NGO:6439: -2.74
Nakanippon Casting Co (NGO:6439) 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.
Nakanippon Casting Co Return-on-Tangible-Asset Related Terms
Nakanippon Casting Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Nakanippon Casting 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.
Nakanippon Casting Co Return-on-Tangible-Asset Chart
NGO:6439 vs ORLY, AZO, GPC: Return-on-Tangible-Asset Comparison
For the Auto Parts subindustry, Nakanippon Casting 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.
Nakanippon Casting Co Return-on-Tangible-Asset vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Nakanippon Casting Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Nakanippon Casting 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 -6.10% mean?
Nakanippon Casting Co (NGO:6439) has a Return-on-Tangible-Asset of -6.10% 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 Nakanippon Casting Co and its competitors. According to the industry distribution chart, Nakanippon Casting Co ranks #1106 out of 1331 companies in the Vehicles & Parts industry, placing it in the top 83.1%.
Is Nakanippon Casting Co's Return-on-Tangible-Asset too high?
Nakanippon Casting Co's current Return-on-Tangible-Asset is -6.10%. Based on the distribution chart, Nakanippon Casting Co ranks #1106 out of 1331 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Nakanippon Casting Co has a GF Score™ of 51/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nakanippon Casting Co's Return-on-Tangible-Asset compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Nakanippon Casting Co ranks #1106 out of 1331 companies for Return-on-Tangible-Asset. This places Nakanippon Casting Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.19. 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. 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 Nakanippon Casting Co 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. Nakanippon Casting Co's current Return-on-Tangible-Asset is -6.10%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nakanippon Casting Co stock overvalued right now?
Based on GuruFocus' analysis, Nakanippon Casting Co (NGO:6439) is currently considered Fairly Valued. The stock's GF Value™ is 円405.56, compared to a current price of 円386.00 — trading 4.8% below its estimated fair value. The current Return-on-Tangible-Asset is -6.10%. Nakanippon Casting Co's overall GF Score™ is 51/100 with 6 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 Nakanippon Casting Co (NGO:6439), the current Return-on-Tangible-Asset is -6.10% 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 Nakanippon Casting Co (NGO:6439) Overvalued in 2026?
Based on GuruFocus' analysis, Nakanippon Casting Co stock appears to be undervalued.
The current stock price of 円386.00 is trading 4.8% below its estimated GF Value™ of 円405.56.
GuruFocus considers Nakanippon Casting Co to be Fairly Valued.
Key valuation signals for NGO:6439:
Return-on-Tangible-Asset: -6.10%
GF Value™: 円405.56 vs. price of 円386.00 (4.8% below fair value)
No single metric tells the full story. See the NGO:6439 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nakanippon Casting Co Ltd is a Japanese company engaged in manufacturing, processing and assembly of auto parts, casting parts, hydraulic parts and electric tool parts. The company is also engaged in manufacturing construction machinery, industrial machinery, and others.
51GF Score
Get the complete analysis for NGO:6439
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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