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Meinan M&A CoNGO:7076 +0.49%80 Return-on-Tangible-Asset is 18.63% as of Mar. 2026, which is 24% above its 10-year median of 15.08. GuruFocus rates NGO:7076 with a GF Score™ of 80/100 and a GF Value™ of 円857.63 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 816 Capital Markets companies, Meinan M&A Co ranks worse than 61.89% 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. Meinan M&A Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円336 Mil. Meinan M&A Co's average total tangible assets for the quarter that ended in Mar. 2026 was 円1,803 Mil. Therefore, Meinan M&A Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 18.63%.
The historical rank and industry rank for Meinan M&A Co's Return-on-Tangible-Asset or its related term are showing as below:
NGO:7076'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2.33 Med: 15.08 Max: 44.97
Current: 0.65
During the past 9 years, Meinan M&A Co's highest Return-on-Tangible-Asset was 44.97%. The lowest was -2.33%. And the median was 15.08%.
NGO:7076's Return-on-Tangible-Asset is ranked worse than 61.89% of 816
companies
in the Capital Markets industry
Industry Median: 1.555
vs NGO:7076: 0.65
Meinan M&A Co (NGO:7076) 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.
Meinan M&A Co Return-on-Tangible-Asset Related Terms
Meinan M&A Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Meinan M&A 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:7076 vs MS, GS, SCHW: Return-on-Tangible-Asset Comparison
For the Capital Markets subindustry, Meinan M&A 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.
Meinan M&A Co Return-on-Tangible-Asset vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Meinan M&A Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Meinan M&A 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 18.63% mean?
Meinan M&A Co (NGO:7076) has a Return-on-Tangible-Asset of 18.63% 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 Meinan M&A Co and its competitors. This is 24% above median its historical median of 15.08. According to the industry distribution chart, Meinan M&A Co ranks #505 out of 816 companies in the Capital Markets industry, placing it in the top 61.9%.
Is Meinan M&A Co's Return-on-Tangible-Asset too high?
Meinan M&A Co's current Return-on-Tangible-Asset of 18.63% is 24% above median its 10-year median of 15.08. The Capital Markets industry median Return-on-Tangible-Asset is 1.56. Meinan M&A Co's value of 18.63% is 1098.1% above this industry median. Based on the distribution chart, Meinan M&A Co ranks #505 out of 816 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Meinan M&A Co has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Meinan M&A Co's Return-on-Tangible-Asset compare to MS and GS?
According to the Capital Markets industry distribution chart, Meinan M&A Co ranks #505 out of 816 companies for Return-on-Tangible-Asset. This places Meinan M&A Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 1.56. Meinan M&A Co's value of 18.63% is 1098.1% above this benchmark. While the company's 10-year median is 15.08 vs. the industry median of 1.56, Meinan M&A 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 Capital Markets company?
The median Return-on-Tangible-Asset among Capital Markets companies is 1.56, based on 816 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. Meinan M&A Co's current Return-on-Tangible-Asset of 18.63% is 1098.1% 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 Meinan M&A Co and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Asset is 1.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Meinan M&A Co's current Return-on-Tangible-Asset is 18.63%, which is 24% above median its own 10-year median of 15.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meinan M&A Co stock overvalued right now?
Based on GuruFocus' analysis, Meinan M&A Co (NGO:7076) is currently considered Modestly Overvalued. The stock's GF Value™ is 円857.63, compared to a current price of 円1,030.00 — trading 20.1% above its estimated fair value. The current Return-on-Tangible-Asset is 18.63%, which is 24% above median its 10-year median of 15.08 and 1098.1% above the Capital Markets industry median of 1.56. Meinan M&A Co's overall GF Score™ is 80/100 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 Meinan M&A Co (NGO:7076), the current Return-on-Tangible-Asset is 18.63% 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 Meinan M&A Co (NGO:7076) Overvalued in 2026?
Based on GuruFocus' analysis, Meinan M&A Co stock appears to be overvalued.
The current stock price of 円1,030.00 is trading 20.1% above its estimated GF Value™ of 円857.63.
GuruFocus considers Meinan M&A Co to be Modestly Overvalued.
Key valuation signals for NGO:7076:
Return-on-Tangible-Asset: 18.63% (24% above median its 10-year median of 15.08)
GF Value™: 円857.63 vs. price of 円1,030.00 (20.1% above fair value)
Industry Position: 1098.1% above the Capital Markets median (#505 of 816)
No single metric tells the full story. See the NGO:7076 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Meinan M&A Co Ltd is a merger and acquisition company in Japan. It is mainly engaged in various activities such as brokerage, consulting, business succession consulting, consulting services for business planning, corporate value calculation support, financial advisory services, and others. The Company operates in a single segment, the M&A brokerage business.
80GF Score
Get the complete analysis for NGO:7076
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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