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Oji HoldingsOJIPF 65 Return-on-Tangible-Asset is 3.85% as of Mar. 2026, which is 61% above its 10-year median of 2.39. GuruFocus rates OJIPF with a GF Score™ of 65/100 and a GF Value™ of $5.27. The stock has 7 warning signs investors should review. Among 288 Forest Products companies, Oji Holdings ranks better than 62.85% 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. Oji Holdings's annualizedNet Income for the quarter that ended in Mar. 2026 was $620 Mil. Oji Holdings's average total tangible assets for the quarter that ended in Mar. 2026 was $16,089 Mil. Therefore, Oji Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 3.85%.
The historical rank and industry rank for Oji Holdings's Return-on-Tangible-Asset or its related term are showing as below:
OJIPF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.87 Med: 2.39 Max: 4.36
Current: 2.22
During the past 13 years, Oji Holdings's highest Return-on-Tangible-Asset was 4.36%. The lowest was 1.87%. And the median was 2.39%.
OJIPF's Return-on-Tangible-Asset is ranked better than 62.85% of 288
companies
in the Forest Products industry
Industry Median: 0.985
vs OJIPF: 2.22
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.
Oji Holdings Return-on-Tangible-Asset Related Terms
Oji Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Oji Holdings'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.
For the Paper & Paper Products subindustry, Oji Holdings'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.
Oji Holdings Return-on-Tangible-Asset vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Oji Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Oji Holdings'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 3.85% mean?
Oji Holdings (OJIPF) has a Return-on-Tangible-Asset of 3.85% 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 Oji Holdings and its competitors. This is 61% above median its historical median of 2.39. Over the past decade, Oji Holdings' Return-on-Tangible-Asset has ranged from 1.87 to 4.36. According to the industry distribution chart, Oji Holdings ranks #107 out of 288 companies in the Forest Products industry, placing it in the top 37.2%.
Is Oji Holdings' Return-on-Tangible-Asset too high?
Oji Holdings' current Return-on-Tangible-Asset of 3.85% is 61% above median its 10-year median of 2.39. Over the past 10 years, this metric has ranged from a low of 1.87 to a high of 4.36. The Forest Products industry median Return-on-Tangible-Asset is 0.99. Oji Holdings' value of 3.85% is 290.9% above this industry median. Based on the distribution chart, Oji Holdings ranks #107 out of 288 companies in the Forest Products industry, which is above the industry midpoint. Overall, Oji Holdings has a GF Score™ of 65/100, reflecting its overall financial health beyond just this single metric.
How does Oji Holdings' Return-on-Tangible-Asset compare to competitors?
According to the Forest Products industry distribution chart, Oji Holdings ranks #107 out of 288 companies for Return-on-Tangible-Asset. This puts Oji Holdings in the upper half of its industry. The industry median Return-on-Tangible-Asset is 0.99. Oji Holdings' value of 3.85% is 290.9% above this benchmark. Historically, Oji Holdings' own Return-on-Tangible-Asset has ranged from 1.87 to 4.36 over the past decade. While the company's 10-year median is 2.39 vs. the industry median of 0.99, Oji Holdings 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 Forest Products company?
The median Return-on-Tangible-Asset among Forest Products companies is 0.99, based on 288 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. Oji Holdings's current Return-on-Tangible-Asset of 3.85% is 290.9% 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 Oji Holdings and its competitors. For the Forest Products industry, the median Return-on-Tangible-Asset is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oji Holdings's current Return-on-Tangible-Asset is 3.85%, which is 61% above median its own 10-year median of 2.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oji Holdings stock overvalued right now?
Oji Holdings (OJIPF) has a current Return-on-Tangible-Asset of 3.85%. The stock's GF Value™ is $5.27, compared to a current price of $5.80 — trading 10.1% above its estimated fair value. The current Return-on-Tangible-Asset is 3.85%, which is 61% above median its 10-year median of 2.39 and 290.9% above the Forest Products industry median of 0.99. Oji Holdings' overall GF Score™ is 65/100 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 Oji Holdings (OJIPF), the current Return-on-Tangible-Asset is 3.85% 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 Oji Holdings (OJIPF) Overvalued in 2026?
Based on GuruFocus' analysis, Oji Holdings stock appears to be overvalued.
The current stock price of $5.80 is trading 10.1% above its estimated GF Value™ of $5.27.
Key valuation signals for OJIPF:
Return-on-Tangible-Asset: 3.85% (61% above median its 10-year median of 2.39)
GF Value™: $5.27 vs. price of $5.80 (10.1% above fair value)
Industry Position: 290.9% above the Forest Products median (#107 of 288)
No single metric tells the full story. See the OJIPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Oji Holdings Corp through its group companies, is engaged in the production and distribution of pulp, paper products, and converted paper products. The company operates through five segments. The Functional Materials segment covers specialty paper, thermal paper, adhesives, and films. The Living and Industrial Materials segment includes corrugated base paper, paperboard, packaging paper, household paper, and disposable diapers. The Print Information Media segment engages in newsprint, printing, publishing, and information paper. The Resource and Environmental Business segment spans pulp, energy, afforestation, and wood processing. The Others segment comprises trading, eco-friendly packaging, logistics, engineering, real estate, and liquid cartons.
65GF Score
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