ShimanoSHMDF +0.50%67 Return-on-Tangible-Asset is 7.84% as of Dec. 2025, which is 27% below its 10-year median of 10.72. GuruFocus rates SHMDF with a GF Score™ of 67/100 and a GF Value™ of $128.70 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 856 Travel & Leisure companies, Shimano ranks better than 60.05% 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. Shimano's annualizedNet Income for the quarter that ended in Dec. 2025 was $459 Mil. Shimano's average total tangible assets for the quarter that ended in Dec. 2025 was $5,856 Mil. Therefore, Shimano's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 7.84%.
The historical rank and industry rank for Shimano's Return-on-Tangible-Asset or its related term are showing as below:
SHMDF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.69 Med: 10.72 Max: 18.34
Current: 4.16
During the past 13 years, Shimano's highest Return-on-Tangible-Asset was 18.34%. The lowest was 3.69%. And the median was 10.72%.
SHMDF's Return-on-Tangible-Asset is ranked better than 60.05% of 856
companies
in the Travel & Leisure industry
Industry Median: 2.765
vs SHMDF: 4.16
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.
Shimano Return-on-Tangible-Asset Related Terms
Shimano Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Shimano'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.
SHMDF vs AS, HAS, LTH: Return-on-Tangible-Asset Comparison
For the Leisure subindustry, Shimano'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.
Shimano Return-on-Tangible-Asset vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Shimano's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Shimano'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 (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 7.84% mean?
Shimano (SHMDF) has a Return-on-Tangible-Asset of 7.84% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Shimano and its competitors. This is 27% below median its historical median of 10.72. Over the past decade, Shimano's Return-on-Tangible-Asset has ranged from 3.69 to 18.34. According to the industry distribution chart, Shimano ranks #342 out of 856 companies in the Travel & Leisure industry, placing it in the top 40%.
Is Shimano's Return-on-Tangible-Asset too high?
Shimano's current Return-on-Tangible-Asset of 7.84% is 27% below median its 10-year median of 10.72. Over the past 10 years, this metric has ranged from a low of 3.69 to a high of 18.34. The Travel & Leisure industry median Return-on-Tangible-Asset is 2.77. Shimano's value of 7.84% is 183.5% above this industry median. Based on the distribution chart, Shimano ranks #342 out of 856 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Shimano has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shimano's Return-on-Tangible-Asset compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Shimano ranks #342 out of 856 companies for Return-on-Tangible-Asset. This puts Shimano in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.77. Shimano's value of 7.84% is 183.5% above this benchmark. Historically, Shimano's own Return-on-Tangible-Asset has ranged from 3.69 to 18.34 over the past decade. While the company's 10-year median is 10.72 vs. the industry median of 2.77, Shimano 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 Travel & Leisure company?
The median Return-on-Tangible-Asset among Travel & Leisure companies is 2.77, based on 856 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. Shimano's current Return-on-Tangible-Asset of 7.84% is 183.5% 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 Shimano and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Asset is 2.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shimano's current Return-on-Tangible-Asset is 7.84%, which is 27% below median its own 10-year median of 10.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shimano stock overvalued right now?
Based on GuruFocus' analysis, Shimano (SHMDF) is currently considered Modestly Undervalued. The stock's GF Value™ is $128.70, compared to a current price of $106.00 — trading 17.6% below its estimated fair value. The current Return-on-Tangible-Asset is 7.84%, which is 27% below median its 10-year median of 10.72 and 183.5% above the Travel & Leisure industry median of 2.77. Shimano's overall GF Score™ is 67/100 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 Shimano (SHMDF), the current Return-on-Tangible-Asset is 7.84% as of Dec. 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 Shimano (SHMDF) Overvalued in 2026?
Based on GuruFocus' analysis, Shimano stock appears to be undervalued.
The current stock price of $106.00 is trading 17.6% below its estimated GF Value™ of $128.70.
GuruFocus considers Shimano to be Modestly Undervalued.
Key valuation signals for SHMDF:
Return-on-Tangible-Asset: 7.84% (27% below median its 10-year median of 10.72)
GF Value™: $128.70 vs. price of $106.00 (17.6% below fair value)
Industry Position: 183.5% above the Travel & Leisure median (#342 of 856)
No single metric tells the full story. See the SHMDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shimano, founded in 1921 and headquartered in Osaka, Japan, is a global leader in the development, production, and distribution of bicycle components, fishing tackle, and rowing equipment. The company also offers lifestyle gear, including apparel, shoes, and bags. With a strong international presence across Japan, Asia, Europe, the Americas, and Oceania, Shimano serves a diverse range of recreational and sporting markets worldwide.
67GF Score
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