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Asahi KaseiSTU:ASAA -2.44%79 Return-on-Tangible-Asset is 4.72% as of Mar. 2026, which is 6% below its 10-year median of 5.03. GuruFocus rates STU:ASAA with a GF Score™ of 79/100 and a GF Value™ of €6.34 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 570 Conglomerates companies, Asahi Kasei ranks better than 69.65% 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. Asahi Kasei's annualizedNet Income for the quarter that ended in Mar. 2026 was €833 Mil. Asahi Kasei's average total tangible assets for the quarter that ended in Mar. 2026 was €17,642 Mil. Therefore, Asahi Kasei's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 4.72%.
The historical rank and industry rank for Asahi Kasei's Return-on-Tangible-Asset or its related term are showing as below:
STU:ASAA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -3.52 Med: 5.03 Max: 9.24
Current: 5.05
During the past 13 years, Asahi Kasei's highest Return-on-Tangible-Asset was 9.24%. The lowest was -3.52%. And the median was 5.03%.
STU:ASAA's Return-on-Tangible-Asset is ranked better than 69.65% of 570
companies
in the Conglomerates industry
Industry Median: 2.735
vs STU:ASAA: 5.05
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.
Asahi Kasei Return-on-Tangible-Asset Related Terms
Asahi Kasei Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Asahi Kasei'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.
STU:ASAA vs HON, MMM: Return-on-Tangible-Asset Comparison
For the Conglomerates subindustry, Asahi Kasei'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.
Asahi Kasei Return-on-Tangible-Asset vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Asahi Kasei's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Asahi Kasei'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 4.72% mean?
Asahi Kasei (STU:ASAA) has a Return-on-Tangible-Asset of 4.72% 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 Asahi Kasei and its competitors. This is near median its historical median of 5.03. According to the industry distribution chart, Asahi Kasei ranks #173 out of 570 companies in the Conglomerates industry, placing it in the top 30.4%.
Is Asahi Kasei's Return-on-Tangible-Asset too high?
Asahi Kasei's current Return-on-Tangible-Asset of 4.72% is near median its 10-year median of 5.03. The Conglomerates industry median Return-on-Tangible-Asset is 2.74. Asahi Kasei's value of 4.72% is 72.6% above this industry median. Based on the distribution chart, Asahi Kasei ranks #173 out of 570 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Asahi Kasei has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Asahi Kasei's Return-on-Tangible-Asset compare to HON and MMM?
According to the Conglomerates industry distribution chart, Asahi Kasei ranks #173 out of 570 companies for Return-on-Tangible-Asset. This puts Asahi Kasei in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.74. Asahi Kasei's value of 4.72% is 72.6% above this benchmark. While the company's 10-year median is 5.03 vs. the industry median of 2.74, Asahi Kasei 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 2.74, based on 570 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. Asahi Kasei's current Return-on-Tangible-Asset of 4.72% is 72.6% 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 Asahi Kasei and its competitors. For the Conglomerates industry, the median Return-on-Tangible-Asset is 2.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asahi Kasei's current Return-on-Tangible-Asset is 4.72%, which is near median its own 10-year median of 5.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asahi Kasei stock overvalued right now?
Based on GuruFocus' analysis, Asahi Kasei (STU:ASAA) is currently considered Significantly Overvalued. The stock's GF Value™ is €6.34, compared to a current price of €9.74 — trading 53.6% above its estimated fair value. The current Return-on-Tangible-Asset is 4.72%, which is near median its 10-year median of 5.03 and 72.6% above the Conglomerates industry median of 2.74. Asahi Kasei's overall GF Score™ is 79/100 with 8 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 Asahi Kasei (STU:ASAA), the current Return-on-Tangible-Asset is 4.72% 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 Asahi Kasei (STU:ASAA) Overvalued in 2026?
Based on GuruFocus' analysis, Asahi Kasei stock appears to be overvalued.
The current stock price of €9.74 is trading 53.6% above its estimated GF Value™ of €6.34.
GuruFocus considers Asahi Kasei to be Significantly Overvalued.
Key valuation signals for STU:ASAA:
Return-on-Tangible-Asset: 4.72% (near median its 10-year median of 5.03)
GF Value™: €6.34 vs. price of €9.74 (53.6% above fair value)
Industry Position: 72.6% above the Conglomerates median (#173 of 570)
No single metric tells the full story. See the STU:ASAA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asahi Kasei Corp is a Japanese industrial conglomerate mainly engaged in materials, housing, and healthcare businesses. The Health Care segment covers pharmaceuticals, healthcare, and critical care. The Housing segment includes housing and building materials businesses. The Material segment consists of environmental solutions, mobility & industry, AL business, and life innovation, such as digital solutions and comfort life. The Others segment includes plant and environmental engineering, research and information services, as well as staffing and placement businesses. It generates the majority of its revenue from the Material segment.
79GF Score
Get the complete analysis for STU:ASAA
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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