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Makoto Construction CoNGO:8995 -12.28%70 Return-on-Tangible-Asset is 2.44% as of Mar. 2026, which is 1% above its 10-year median of 2.42. GuruFocus rates NGO:8995 with a GF Score™ of 70/100 and a GF Value™ of 円1,701.22 (Significantly Undervalued). The stock has 7 warning signs investors should review. Among 1,802 Real Estate companies, Makoto Construction Co ranks worse than 64.04% 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. Makoto Construction Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円163 Mil. Makoto Construction Co's average total tangible assets for the quarter that ended in Mar. 2026 was 円6,680 Mil. Therefore, Makoto Construction Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 2.44%.
The historical rank and industry rank for Makoto Construction Co's Return-on-Tangible-Asset or its related term are showing as below:
NGO:8995'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.37 Med: 2.42 Max: 4.4
Current: 0.37
During the past 13 years, Makoto Construction Co's highest Return-on-Tangible-Asset was 4.40%. The lowest was 0.37%. And the median was 2.42%.
NGO:8995's Return-on-Tangible-Asset is ranked worse than 64.04% of 1802
companies
in the Real Estate industry
Industry Median: 1.865
vs NGO:8995: 0.37
Makoto Construction Co (NGO:8995) 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.
Makoto Construction Co Return-on-Tangible-Asset Related Terms
Makoto Construction Co Return-on-Tangible-Asset Historical Data
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The historical data trend for Makoto Construction 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.
Makoto Construction Co Return-on-Tangible-Asset Chart
Makoto Construction Co Return-on-Tangible-Asset Competitor Comparison
For the Real Estate - Diversified subindustry, Makoto Construction 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.
Makoto Construction Co Return-on-Tangible-Asset vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Makoto Construction Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Makoto Construction 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 2.44% mean?
Makoto Construction Co (NGO:8995) has a Return-on-Tangible-Asset of 2.44% 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 Makoto Construction Co and its competitors. This is near median its historical median of 2.42. Over the past decade, Makoto Construction Co's Return-on-Tangible-Asset has ranged from 0.37 to 4.40. According to the industry distribution chart, Makoto Construction Co ranks #1154 out of 1802 companies in the Real Estate industry, placing it in the top 64%.
Is Makoto Construction Co's Return-on-Tangible-Asset too high?
Makoto Construction Co's current Return-on-Tangible-Asset of 2.44% is near median its 10-year median of 2.42. Over the past 10 years, this metric has ranged from a low of 0.37 to a high of 4.40. The Real Estate industry median Return-on-Tangible-Asset is 1.87. Makoto Construction Co's value of 2.44% is 30.8% above this industry median. Based on the distribution chart, Makoto Construction Co ranks #1154 out of 1802 companies in the Real Estate industry, which is below the industry midpoint. Overall, Makoto Construction Co has a GF Score™ of 70/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Makoto Construction Co's Return-on-Tangible-Asset compare to competitors?
According to the Real Estate industry distribution chart, Makoto Construction Co ranks #1154 out of 1802 companies for Return-on-Tangible-Asset. This places Makoto Construction Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 1.87. Makoto Construction Co's value of 2.44% is 30.8% above this benchmark. Historically, Makoto Construction Co's own Return-on-Tangible-Asset has ranged from 0.37 to 4.40 over the past decade. While the company's 10-year median is 2.42 vs. the industry median of 1.87, Makoto Construction 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 Real Estate company?
The median Return-on-Tangible-Asset among Real Estate companies is 1.87, based on 1,802 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. Makoto Construction Co's current Return-on-Tangible-Asset of 2.44% is 30.8% 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 Makoto Construction Co and its competitors. For the Real Estate industry, the median Return-on-Tangible-Asset is 1.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Makoto Construction Co's current Return-on-Tangible-Asset is 2.44%, which is near median its own 10-year median of 2.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Makoto Construction Co stock overvalued right now?
Based on GuruFocus' analysis, Makoto Construction Co (NGO:8995) is currently considered Significantly Undervalued. The stock's GF Value™ is 円1,701.22, compared to a current price of 円1,000.00 — trading 41.2% below its estimated fair value. The current Return-on-Tangible-Asset is 2.44%, which is near median its 10-year median of 2.42 and 30.8% above the Real Estate industry median of 1.87. Makoto Construction Co's overall GF Score™ is 70/100 with 7 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 Makoto Construction Co (NGO:8995), the current Return-on-Tangible-Asset is 2.44% 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 Makoto Construction Co (NGO:8995) Overvalued in 2026?
Based on GuruFocus' analysis, Makoto Construction Co stock appears to be undervalued.
The current stock price of 円1,000.00 is trading 41.2% below its estimated GF Value™ of 円1,701.22.
GuruFocus considers Makoto Construction Co to be Significantly Undervalued.
Key valuation signals for NGO:8995:
Return-on-Tangible-Asset: 2.44% (near median its 10-year median of 2.42)
GF Value™: 円1,701.22 vs. price of 円1,000.00 (41.2% below fair value)
Industry Position: 30.8% above the Real Estate median (#1154 of 1802)
No single metric tells the full story. See the NGO:8995 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Makoto Construction Co Ltd is engaged in the in-house design & construction business in Japan. It builds homes and condominiums for residential purposes, as well as provides real estate agency services.
70GF Score
Get the complete analysis for NGO:8995
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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