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iRay GroupSHSE:688301 -2.07%95 Return-on-Tangible-Asset is 7.01% as of Jun. 2026, which is 51% below its 10-year median of 14.18. GuruFocus rates SHSE:688301 with a GF Score™ of 95/100 and a GF Value™ of ¥109.99 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 851 Medical Devices & Instruments companies, iRay Group ranks better than 68.74% 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. iRay Group's annualizedNet Income for the quarter that ended in Jun. 2026 was ¥908 Mil. iRay Group's average total tangible assets for the quarter that ended in Jun. 2026 was ¥12,950 Mil. Therefore, iRay Group's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 7.01%.
The historical rank and industry rank for iRay Group's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:688301'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 5.8 Med: 14.18 Max: 20.34
Current: 6.13
During the past 11 years, iRay Group's highest Return-on-Tangible-Asset was 20.34%. The lowest was 5.80%. And the median was 14.18%.
SHSE:688301's Return-on-Tangible-Asset is ranked better than 68.74% of 851
companies
in the Medical Devices & Instruments industry
Industry Median: 0.96
vs SHSE:688301: 6.13
iRay Group (SHSE:688301) Return-on-Tangible-Asset Explanation
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.
iRay Group Return-on-Tangible-Asset Related Terms
iRay Group Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for iRay Group'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.
SHSE:688301 vs ISRG, BDX, RMD: Return-on-Tangible-Asset Comparison
For the Medical Instruments & Supplies subindustry, iRay Group'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.
iRay Group Return-on-Tangible-Asset vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, iRay Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where iRay Group'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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 7.01% mean?
iRay Group (SHSE:688301) has a Return-on-Tangible-Asset of 7.01% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on iRay Group and its competitors. This is 51% below median its historical median of 14.18. Over the past decade, iRay Group's Return-on-Tangible-Asset has ranged from 5.80 to 20.34. According to the industry distribution chart, iRay Group ranks #266 out of 851 companies in the Medical Devices & Instruments industry, placing it in the top 31.3%.
Is iRay Group's Return-on-Tangible-Asset too high?
iRay Group's current Return-on-Tangible-Asset of 7.01% is 51% below median its 10-year median of 14.18. Over the past 10 years, this metric has ranged from a low of 5.80 to a high of 20.34. The Medical Devices & Instruments industry median Return-on-Tangible-Asset is 0.96. iRay Group's value of 7.01% is 630.2% above this industry median. Based on the distribution chart, iRay Group ranks #266 out of 851 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, iRay Group has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does iRay Group's Return-on-Tangible-Asset compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, iRay Group ranks #266 out of 851 companies for Return-on-Tangible-Asset. This puts iRay Group in the upper half of its industry. The industry median Return-on-Tangible-Asset is 0.96. iRay Group's value of 7.01% is 630.2% above this benchmark. Historically, iRay Group's own Return-on-Tangible-Asset has ranged from 5.80 to 20.34 over the past decade. While the company's 10-year median is 14.18 vs. the industry median of 0.96, iRay Group 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 Medical Devices & Instruments company?
The median Return-on-Tangible-Asset among Medical Devices & Instruments companies is 0.96, based on 851 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. iRay Group's current Return-on-Tangible-Asset of 7.01% is 630.2% 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 iRay Group and its competitors. For the Medical Devices & Instruments industry, the median Return-on-Tangible-Asset is 0.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. iRay Group's current Return-on-Tangible-Asset is 7.01%, which is 51% below median its own 10-year median of 14.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is iRay Group stock overvalued right now?
Based on GuruFocus' analysis, iRay Group (SHSE:688301) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥109.99, compared to a current price of ¥88.54 — trading 19.5% below its estimated fair value. The current Return-on-Tangible-Asset is 7.01%, which is 51% below median its 10-year median of 14.18 and 630.2% above the Medical Devices & Instruments industry median of 0.96. iRay Group's overall GF Score™ is 95/100 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 iRay Group (SHSE:688301), the current Return-on-Tangible-Asset is 7.01% as of Jun. 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 iRay Group (SHSE:688301) Overvalued in 2026?
Based on GuruFocus' analysis, iRay Group stock appears to be undervalued.
The current stock price of ¥88.54 is trading 19.5% below its estimated GF Value™ of ¥109.99.
GuruFocus considers iRay Group to be Modestly Undervalued.
Key valuation signals for SHSE:688301:
Return-on-Tangible-Asset: 7.01% (51% below median its 10-year median of 14.18)
GF Value™: ¥109.99 vs. price of ¥88.54 (19.5% below fair value)
Industry Position: 630.2% above the Medical Devices & Instruments median (#266 of 851)
No single metric tells the full story. See the SHSE:688301 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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