Panasonic HoldingsPCRFF -4.80%62 Return-on-Tangible-Asset is 2.79% as of Mar. 2026, which is 33% below its 10-year median of 4.18. GuruFocus rates PCRFF with a GF Score™ of 62/100 and a GF Value™ of $8.78 (Significantly Overvalued). The stock has 12 warning signs investors should review. Among 2,496 Hardware companies, Panasonic Holdings ranks worse than 51.24% 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. Panasonic Holdings's annualizedNet Income for the quarter that ended in Mar. 2026 was $1,619 Mil. Panasonic Holdings's average total tangible assets for the quarter that ended in Mar. 2026 was $58,112 Mil. Therefore, Panasonic Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 2.79%.
The historical rank and industry rank for Panasonic Holdings's Return-on-Tangible-Asset or its related term are showing as below:
PCRFF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.23 Med: 4.18 Max: 6.49
Current: 2.23
During the past 13 years, Panasonic Holdings's highest Return-on-Tangible-Asset was 6.49%. The lowest was 2.23%. And the median was 4.18%.
PCRFF's Return-on-Tangible-Asset is ranked worse than 51.24% of 2496
companies
in the Hardware industry
Industry Median: 2.425
vs PCRFF: 2.23
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.
Panasonic Holdings Return-on-Tangible-Asset Related Terms
Panasonic Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Panasonic 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.
PCRFF vs AAPL: Return-on-Tangible-Asset Comparison
For the Consumer Electronics subindustry, Panasonic 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.
Panasonic Holdings Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Panasonic Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Panasonic 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 2.79% mean?
Panasonic Holdings (PCRFF) has a Return-on-Tangible-Asset of 2.79% 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 Panasonic Holdings and its competitors. This is 33% below median its historical median of 4.18. Over the past decade, Panasonic Holdings' Return-on-Tangible-Asset has ranged from 2.23 to 6.49. According to the industry distribution chart, Panasonic Holdings ranks #1279 out of 2496 companies in the Hardware industry, placing it in the top 51.2%.
Is Panasonic Holdings' Return-on-Tangible-Asset too high?
Panasonic Holdings' current Return-on-Tangible-Asset of 2.79% is 33% below median its 10-year median of 4.18. Over the past 10 years, this metric has ranged from a low of 2.23 to a high of 6.49. The Hardware industry median Return-on-Tangible-Asset is 2.43. Panasonic Holdings' value of 2.79% is 15.1% above this industry median. Based on the distribution chart, Panasonic Holdings ranks #1279 out of 2496 companies in the Hardware industry, which is below the industry midpoint. Overall, Panasonic Holdings has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Panasonic Holdings' Return-on-Tangible-Asset compare to AAPL?
According to the Hardware industry distribution chart, Panasonic Holdings ranks #1279 out of 2496 companies for Return-on-Tangible-Asset. This places Panasonic Holdings in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.43. Panasonic Holdings' value of 2.79% is 15.1% above this benchmark. Historically, Panasonic Holdings' own Return-on-Tangible-Asset has ranged from 2.23 to 6.49 over the past decade. While the company's 10-year median is 4.18 vs. the industry median of 2.43, Panasonic 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 Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.43, based on 2,496 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. Panasonic Holdings's current Return-on-Tangible-Asset of 2.79% is 15.1% 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 Panasonic Holdings and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Panasonic Holdings's current Return-on-Tangible-Asset is 2.79%, which is 33% below median its own 10-year median of 4.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Panasonic Holdings stock overvalued right now?
Based on GuruFocus' analysis, Panasonic Holdings (PCRFF) is currently considered Significantly Overvalued. The stock's GF Value™ is $8.78, compared to a current price of $27.18 — trading 209.5% above its estimated fair value. The current Return-on-Tangible-Asset is 2.79%, which is 33% below median its 10-year median of 4.18 and 15.1% above the Hardware industry median of 2.43. Panasonic Holdings' overall GF Score™ is 62/100 with 12 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 Panasonic Holdings (PCRFF), the current Return-on-Tangible-Asset is 2.79% 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 Panasonic Holdings (PCRFF) Overvalued in 2026?
Based on GuruFocus' analysis, Panasonic Holdings stock appears to be overvalued.
The current stock price of $27.18 is trading 209.5% above its estimated GF Value™ of $8.78.
GuruFocus considers Panasonic Holdings to be Significantly Overvalued.
Key valuation signals for PCRFF:
Return-on-Tangible-Asset: 2.79% (33% below median its 10-year median of 4.18)
GF Value™: $8.78 vs. price of $27.18 (209.5% above fair value)
Industry Position: 15.1% above the Hardware median (#1279 of 2496)
No single metric tells the full story. See the PCRFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Panasonic Holdings Corp is engaged in the development, manufacture, and sale of a wide range of electronic and electrical products. The company operates through six segments. The Lifestyle segment provides home appliances such as refrigerators, air conditioners, and beauty and hair care devices. The Automotive segment offers in-vehicle infotainment systems, speaker systems, and advanced driver assistance systems. The Connect segment supplies communication systems, welding machines, and projectors. The Industry segment produces electronic components, motors, and factory automation equipment. The Energy segment develops and sells lithium-ion batteries, dry batteries, and small secondary batteries. The Others segment includes the sale of televisions, cameras, and building materials.
62GF Score
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