Nichiban CoNHBAF 72 Return-on-Tangible-Asset is 2.28% as of Mar. 2026, which is 22% below its 10-year median of 2.94. GuruFocus rates NHBAF with a GF Score™ of 72/100 and a GF Value™ of $13.73. The stock has 4 warning signs investors should review. Among 3,070 Industrial Products companies, Nichiban Co ranks worse than 55.5% 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. Nichiban Co's annualizedNet Income for the quarter that ended in Mar. 2026 was $9.7 Mil. Nichiban Co's average total tangible assets for the quarter that ended in Mar. 2026 was $426.9 Mil. Therefore, Nichiban Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 2.28%.
The historical rank and industry rank for Nichiban Co's Return-on-Tangible-Asset or its related term are showing as below:
NHBAF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.26 Med: 2.94 Max: 5.73
Current: 2.47
During the past 13 years, Nichiban Co's highest Return-on-Tangible-Asset was 5.73%. The lowest was 2.26%. And the median was 2.94%.
NHBAF's Return-on-Tangible-Asset is ranked worse than 55.5% of 3070
companies
in the Industrial Products industry
Industry Median: 3.24
vs NHBAF: 2.47
Nichiban Co (OTCPK:NHBAF) 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.
Nichiban Co Return-on-Tangible-Asset Related Terms
Nichiban Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Nichiban 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.
Nichiban Co Return-on-Tangible-Asset Competitor Comparison
For the Business Equipment & Supplies subindustry, Nichiban 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.
Nichiban Co Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Nichiban Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Nichiban 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 2.28% mean?
Nichiban Co (NHBAF) has a Return-on-Tangible-Asset of 2.28% 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 Nichiban Co and its competitors. This is 22% below median its historical median of 2.94. Over the past decade, Nichiban Co's Return-on-Tangible-Asset has ranged from 2.26 to 5.73. According to the industry distribution chart, Nichiban Co ranks #1704 out of 3070 companies in the Industrial Products industry, placing it in the top 55.5%.
Is Nichiban Co's Return-on-Tangible-Asset too high?
Nichiban Co's current Return-on-Tangible-Asset of 2.28% is 22% below median its 10-year median of 2.94. Over the past 10 years, this metric has ranged from a low of 2.26 to a high of 5.73. The Industrial Products industry median Return-on-Tangible-Asset is 3.24. Nichiban Co's value of 2.28% is 29.6% below this industry median. Based on the distribution chart, Nichiban Co ranks #1704 out of 3070 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Nichiban Co has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Nichiban Co's Return-on-Tangible-Asset compare to competitors?
According to the Industrial Products industry distribution chart, Nichiban Co ranks #1704 out of 3070 companies for Return-on-Tangible-Asset. This places Nichiban Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.24. Nichiban Co's value of 2.28% is 29.6% below this benchmark. Historically, Nichiban Co's own Return-on-Tangible-Asset has ranged from 2.26 to 5.73 over the past decade. While the company's 10-year median is 2.94 vs. the industry median of 3.24, Nichiban 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 an Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.24, based on 3,070 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. Nichiban Co's current Return-on-Tangible-Asset of 2.28% is 29.6% 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 Nichiban Co and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nichiban Co's current Return-on-Tangible-Asset is 2.28%, which is 22% below median its own 10-year median of 2.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nichiban Co stock overvalued right now?
Nichiban Co (NHBAF) has a current Return-on-Tangible-Asset of 2.28%. The stock's GF Value™ is $13.73, compared to a current price of $12.70 — trading 7.5% below its estimated fair value. The current Return-on-Tangible-Asset is 2.28%, which is 22% below median its 10-year median of 2.94 and 29.6% below the Industrial Products industry median of 3.24. Nichiban Co's overall GF Score™ is 72/100 with 4 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 Nichiban Co (NHBAF), the current Return-on-Tangible-Asset is 2.28% 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 Nichiban Co (NHBAF) Overvalued in 2026?
Based on GuruFocus' analysis, Nichiban Co stock appears to be undervalued.
The current stock price of $12.70 is trading 7.5% below its estimated GF Value™ of $13.73.
Key valuation signals for NHBAF:
Return-on-Tangible-Asset: 2.28% (22% below median its 10-year median of 2.94)
GF Value™: $13.73 vs. price of $12.70 (7.5% below fair value)
Industry Position: 29.6% below the Industrial Products median (#1704 of 3070)
No single metric tells the full story. See the NHBAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nichiban Co Ltd is a Japan based company engaged in the business of manufacturing and selling products in the field of medical supplies, healthcare, industrial products and industrial products. It offers hemostatic solutions, wound care dressing and surgical tapes, industrial products for manufacturing and distribution and automotive industry, stationery products, TDS pharmaceutical pain relief plaster and foot care products, sports medical battlewin taping tape and first aid bandage.
72GF Score
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