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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. Nippon Prologis REIT's annualizedNet Income for the quarter that ended in Nov. 2025 was $197.9 Mil. Nippon Prologis REIT's average total tangible assets for the quarter that ended in Nov. 2025 was $5,995.6 Mil. Therefore, Nippon Prologis REIT's annualized Return-on-Tangible-Asset for the quarter that ended in Nov. 2025 was 3.30%.
The historical rank and industry rank for Nippon Prologis REIT's Return-on-Tangible-Asset or its related term are showing as below:
NPONF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.8 Med: 2.98 Max: 3.73
Current: 3.45
During the past 12 years, Nippon Prologis REIT's highest Return-on-Tangible-Asset was 3.73%. The lowest was 2.80%. And the median was 2.98%.
NPONF's Return-on-Tangible-Asset is ranked better than 52.89% of 934
companies
in the REITs industry
Industry Median: 3.265
vs NPONF: 3.45
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.
Nippon Prologis REIT Return-on-Tangible-Asset Related Terms
Nippon Prologis REIT Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Nippon Prologis REIT'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.
NPONF vs PLD, PSA, EXR: Return-on-Tangible-Asset Comparison
For the REIT - Industrial subindustry, Nippon Prologis REIT'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.
Nippon Prologis REIT Return-on-Tangible-Asset vs REITs Industry
For the REITs industry and Real Estate sector, Nippon Prologis REIT's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Nippon Prologis REIT'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 (Nov. 2025) net income data.
What does a Return-on-Tangible-Asset of 3.30% mean?
Nippon Prologis REIT (NPONF) has a Return-on-Tangible-Asset of 3.30% as of Nov. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Nippon Prologis REIT and its competitors. This is 11% above median its historical median of 2.98. Over the past decade, Nippon Prologis REIT's Return-on-Tangible-Asset has ranged from 2.80 to 3.73. According to the industry distribution chart, Nippon Prologis REIT ranks #440 out of 934 companies in the REITs industry, placing it in the top 47.1%.
Is Nippon Prologis REIT's Return-on-Tangible-Asset too high?
Nippon Prologis REIT's current Return-on-Tangible-Asset of 3.30% is 11% above median its 10-year median of 2.98. Over the past 10 years, this metric has ranged from a low of 2.80 to a high of 3.73. The REITs industry median Return-on-Tangible-Asset is 3.27. Nippon Prologis REIT's value of 3.30% is 1.1% above this industry median. Based on the distribution chart, Nippon Prologis REIT ranks #440 out of 934 companies in the REITs industry, which is above the industry midpoint. Overall, Nippon Prologis REIT has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Nippon Prologis REIT's Return-on-Tangible-Asset compare to PLD and PSA?
According to the REITs industry distribution chart, Nippon Prologis REIT ranks #440 out of 934 companies for Return-on-Tangible-Asset. This puts Nippon Prologis REIT in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.27. Nippon Prologis REIT's value of 3.30% is 1.1% above this benchmark. Historically, Nippon Prologis REIT's own Return-on-Tangible-Asset has ranged from 2.80 to 3.73 over the past decade. While the company's 10-year median is 2.98 vs. the industry median of 3.27, Nippon Prologis REIT 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 REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.27, based on 934 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. Nippon Prologis REIT's current Return-on-Tangible-Asset of 3.30% is 1.1% 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 Nippon Prologis REIT and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Prologis REIT's current Return-on-Tangible-Asset is 3.30%, which is 11% above median its own 10-year median of 2.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Prologis REIT stock overvalued right now?
Nippon Prologis REIT (NPONF) has a current Return-on-Tangible-Asset of 3.30%. The stock's GF Value™ is $565.44, compared to a current price of $532.49 — trading 5.8% below its estimated fair value. The current Return-on-Tangible-Asset is 3.30%, which is 11% above median its 10-year median of 2.98 and 1.1% above the REITs industry median of 3.27. Nippon Prologis REIT's overall GF Score™ is 72/100 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 Nippon Prologis REIT (NPONF), the current Return-on-Tangible-Asset is 3.30% as of Nov. 2025. 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 Nippon Prologis REIT (NPONF) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Prologis REIT stock appears to be undervalued.
The current stock price of $532.49 is trading 5.8% below its estimated GF Value™ of $565.44.
Key valuation signals for NPONF:
Return-on-Tangible-Asset: 3.30% (11% above median its 10-year median of 2.98)
GF Value™: $565.44 vs. price of $532.49 (5.8% below fair value)
Industry Position: 1.1% above the REITs median (#440 of 934)
No single metric tells the full story. See the NPONF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Prologis REIT Inc is focused on logistics facilities in Japan. Its investment objective is to maximize unit holder value through a portfolio that generates stable income and achieves steady growth. It invests in high quality Class-A logistics facilities, owning and operating them for medium- to long-term purposes.
72GF Score
Get the complete analysis for NPONF
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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