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Nippon Techno LabSSE:3849 +1.63%69 Return-on-Tangible-Asset is 23.73% as of Mar. 2026, which is 646% above its 10-year median of 3.18. GuruFocus rates SSE:3849 with a GF Score™ of 69/100 and a GF Value™ of 円859.05 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 2,894 Software companies, Nippon Techno Lab ranks better than 66.86% 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. Nippon Techno Lab's annualizedNet Income for the quarter that ended in Mar. 2026 was 円339.2 Mil. Nippon Techno Lab's average total tangible assets for the quarter that ended in Mar. 2026 was 円1,429.5 Mil. Therefore, Nippon Techno Lab's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 23.73%.
The historical rank and industry rank for Nippon Techno Lab's Return-on-Tangible-Asset or its related term are showing as below:
SSE:3849'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -4.41 Med: 3.18 Max: 7.18
Current: 7.18
During the past 13 years, Nippon Techno Lab's highest Return-on-Tangible-Asset was 7.18%. The lowest was -4.41%. And the median was 3.18%.
SSE:3849's Return-on-Tangible-Asset is ranked better than 66.86% of 2894
companies
in the Software industry
Industry Median: 2.13
vs SSE:3849: 7.18
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.
Nippon Techno Lab Return-on-Tangible-Asset Related Terms
Nippon Techno Lab Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Nippon Techno Lab'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.
SSE:3849 vs QH, SHOP, UBER: Return-on-Tangible-Asset Comparison
For the Software - Application subindustry, Nippon Techno Lab'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.
Nippon Techno Lab Return-on-Tangible-Asset vs Software Industry
For the Software industry and Technology sector, Nippon Techno Lab's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Nippon Techno Lab'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 two times the semi-annual (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 23.73% mean?
Nippon Techno Lab (SSE:3849) has a Return-on-Tangible-Asset of 23.73% 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 Nippon Techno Lab and its competitors. This is 646% above median its historical median of 3.18. According to the industry distribution chart, Nippon Techno Lab ranks #959 out of 2894 companies in the Software industry, placing it in the top 33.1%.
Is Nippon Techno Lab's Return-on-Tangible-Asset too high?
Nippon Techno Lab's current Return-on-Tangible-Asset of 23.73% is 646% above median its 10-year median of 3.18. The Software industry median Return-on-Tangible-Asset is 2.13. Nippon Techno Lab's value of 23.73% is 1014.1% above this industry median. Based on the distribution chart, Nippon Techno Lab ranks #959 out of 2894 companies in the Software industry, which is above the industry midpoint. Overall, Nippon Techno Lab has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Techno Lab's Return-on-Tangible-Asset compare to QH and SHOP?
According to the Software industry distribution chart, Nippon Techno Lab ranks #959 out of 2894 companies for Return-on-Tangible-Asset. This puts Nippon Techno Lab in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.13. Nippon Techno Lab's value of 23.73% is 1014.1% above this benchmark. While the company's 10-year median is 3.18 vs. the industry median of 2.13, Nippon Techno Lab 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 Software company?
The median Return-on-Tangible-Asset among Software companies is 2.13, based on 2,894 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. Nippon Techno Lab's current Return-on-Tangible-Asset of 23.73% is 1014.1% 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 Nippon Techno Lab and its competitors. For the Software industry, the median Return-on-Tangible-Asset is 2.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Techno Lab's current Return-on-Tangible-Asset is 23.73%, which is 646% above median its own 10-year median of 3.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Techno Lab stock overvalued right now?
Based on GuruFocus' analysis, Nippon Techno Lab (SSE:3849) is currently considered Modestly Undervalued. The stock's GF Value™ is 円859.05, compared to a current price of 円624.00 — trading 27.4% below its estimated fair value. The current Return-on-Tangible-Asset is 23.73%, which is 646% above median its 10-year median of 3.18 and 1014.1% above the Software industry median of 2.13. Nippon Techno Lab's overall GF Score™ is 69/100 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 Nippon Techno Lab (SSE:3849), the current Return-on-Tangible-Asset is 23.73% 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 Nippon Techno Lab (SSE:3849) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Techno Lab stock appears to be undervalued.
The current stock price of 円624.00 is trading 27.4% below its estimated GF Value™ of 円859.05.
GuruFocus considers Nippon Techno Lab to be Modestly Undervalued.
Key valuation signals for SSE:3849:
Return-on-Tangible-Asset: 23.73% (646% above median its 10-year median of 3.18)
GF Value™: 円859.05 vs. price of 円624.00 (27.4% below fair value)
Industry Position: 1014.1% above the Software median (#959 of 2894)
No single metric tells the full story. See the SSE:3849 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Techno Lab Inc is engaged in Imaging & Printer Controller Business that develops and sells controllers and controller software for industrial printers and plotters. The company is engaged in the storage solutions business and contract development business.
69GF Score
Get the complete analysis for SSE:3849
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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