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ShinMaywa IndustriesSHMWF 79 Return-on-Tangible-Asset is 7.12% as of Mar. 2026, which is 104% above its 10-year median of 3.49. GuruFocus rates SHMWF with a GF Score™ of 79/100 and a GF Value™ of $9.06 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 571 Conglomerates companies, ShinMaywa Industries ranks better than 64.1% 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. ShinMaywa Industries's annualizedNet Income for the quarter that ended in Mar. 2026 was $130 Mil. ShinMaywa Industries's average total tangible assets for the quarter that ended in Mar. 2026 was $1,830 Mil. Therefore, ShinMaywa Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 7.12%.
The historical rank and industry rank for ShinMaywa Industries's Return-on-Tangible-Asset or its related term are showing as below:
SHMWF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.61 Med: 3.49 Max: 4.83
Current: 4.22
During the past 13 years, ShinMaywa Industries's highest Return-on-Tangible-Asset was 4.83%. The lowest was 2.61%. And the median was 3.49%.
SHMWF's Return-on-Tangible-Asset is ranked better than 64.1% of 571
companies
in the Conglomerates industry
Industry Median: 2.69
vs SHMWF: 4.22
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.
ShinMaywa Industries Return-on-Tangible-Asset Related Terms
ShinMaywa Industries Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for ShinMaywa Industries'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.
SHMWF vs HON, MMM: Return-on-Tangible-Asset Comparison
For the Conglomerates subindustry, ShinMaywa Industries'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.
ShinMaywa Industries Return-on-Tangible-Asset vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, ShinMaywa Industries's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where ShinMaywa Industries'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 7.12% mean?
ShinMaywa Industries (SHMWF) has a Return-on-Tangible-Asset of 7.12% 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 ShinMaywa Industries and its competitors. This is 104% above median its historical median of 3.49. Over the past decade, ShinMaywa Industries' Return-on-Tangible-Asset has ranged from 2.61 to 4.83. According to the industry distribution chart, ShinMaywa Industries ranks #205 out of 571 companies in the Conglomerates industry, placing it in the top 35.9%.
Is ShinMaywa Industries' Return-on-Tangible-Asset too high?
ShinMaywa Industries' current Return-on-Tangible-Asset of 7.12% is 104% above median its 10-year median of 3.49. Over the past 10 years, this metric has ranged from a low of 2.61 to a high of 4.83. The Conglomerates industry median Return-on-Tangible-Asset is 2.69. ShinMaywa Industries' value of 7.12% is 164.7% above this industry median. Based on the distribution chart, ShinMaywa Industries ranks #205 out of 571 companies in the Conglomerates industry, which is above the industry midpoint. Overall, ShinMaywa Industries has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ShinMaywa Industries' Return-on-Tangible-Asset compare to HON and MMM?
According to the Conglomerates industry distribution chart, ShinMaywa Industries ranks #205 out of 571 companies for Return-on-Tangible-Asset. This puts ShinMaywa Industries in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.69. ShinMaywa Industries' value of 7.12% is 164.7% above this benchmark. Historically, ShinMaywa Industries' own Return-on-Tangible-Asset has ranged from 2.61 to 4.83 over the past decade. While the company's 10-year median is 3.49 vs. the industry median of 2.69, ShinMaywa Industries 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 Conglomerates company?
The median Return-on-Tangible-Asset among Conglomerates companies is 2.69, based on 571 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. ShinMaywa Industries's current Return-on-Tangible-Asset of 7.12% is 164.7% 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 ShinMaywa Industries and its competitors. For the Conglomerates industry, the median Return-on-Tangible-Asset is 2.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ShinMaywa Industries's current Return-on-Tangible-Asset is 7.12%, which is 104% above median its own 10-year median of 3.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ShinMaywa Industries stock overvalued right now?
Based on GuruFocus' analysis, ShinMaywa Industries (SHMWF) is currently considered Significantly Overvalued. The stock's GF Value™ is $9.06, compared to a current price of $13.30 — trading 46.8% above its estimated fair value. The current Return-on-Tangible-Asset is 7.12%, which is 104% above median its 10-year median of 3.49 and 164.7% above the Conglomerates industry median of 2.69. ShinMaywa Industries' overall GF Score™ is 79/100 with 1 warning sign 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 ShinMaywa Industries (SHMWF), the current Return-on-Tangible-Asset is 7.12% 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 ShinMaywa Industries (SHMWF) Overvalued in 2026?
Based on GuruFocus' analysis, ShinMaywa Industries stock appears to be overvalued.
The current stock price of $13.30 is trading 46.8% above its estimated GF Value™ of $9.06.
GuruFocus considers ShinMaywa Industries to be Significantly Overvalued.
Key valuation signals for SHMWF:
Return-on-Tangible-Asset: 7.12% (104% above median its 10-year median of 3.49)
GF Value™: $9.06 vs. price of $13.30 (46.8% above fair value)
Industry Position: 164.7% above the Conglomerates median (#205 of 571)
No single metric tells the full story. See the SHMWF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ShinMaywa Industries Ltd manufactures a wide range of products, including parking systems, aircrafts, trucks, and other industrial systems. The company has four operating segments: aircraft, special-purpose truck, industrial machinery and environmental systems, and parking systems. The special-purpose truck segment generates roughly half of total sales and focuses on distributing dump trucks, lifters, compactors, and forestry machinery. The aircraft segment sells amphibian aircraft (capable of open-sea landing and takeoff) and aircraft parts to other manufacturers. Sales to customers located in Japan constitute about three fourths of total revenue.
79GF Score
Get the complete analysis for SHMWF
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