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Taiheiyo CementTHYCF -10.13%72 Return-on-Tangible-Asset is 2.12% as of Mar. 2026, which is 46% below its 10-year median of 3.91. GuruFocus rates THYCF with a GF Score™ of 72/100 and a GF Value™ of $25.56 (Fairly Valued). The stock has 4 warning signs investors should review. Among 410 Building Materials companies, Taiheiyo Cement ranks worse than 55.85% 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. Taiheiyo Cement's annualizedNet Income for the quarter that ended in Mar. 2026 was $192 Mil. Taiheiyo Cement's average total tangible assets for the quarter that ended in Mar. 2026 was $9,052 Mil. Therefore, Taiheiyo Cement's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 2.12%.
The historical rank and industry rank for Taiheiyo Cement's Return-on-Tangible-Asset or its related term are showing as below:
THYCF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2.88 Med: 3.91 Max: 4.89
Current: 1.82
During the past 13 years, Taiheiyo Cement's highest Return-on-Tangible-Asset was 4.89%. The lowest was -2.88%. And the median was 3.91%.
THYCF's Return-on-Tangible-Asset is ranked worse than 55.85% of 410
companies
in the Building Materials industry
Industry Median: 2.345
vs THYCF: 1.82
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.
Taiheiyo Cement Return-on-Tangible-Asset Related Terms
Taiheiyo Cement Return-on-Tangible-Asset Historical Data
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The historical data trend for Taiheiyo Cement'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.
THYCF vs CRH, VMC, MLM: Return-on-Tangible-Asset Comparison
For the Building Materials subindustry, Taiheiyo Cement'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.
Taiheiyo Cement Return-on-Tangible-Asset vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Taiheiyo Cement's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Taiheiyo Cement'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 2.12% mean?
Taiheiyo Cement (THYCF) has a Return-on-Tangible-Asset of 2.12% 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 Taiheiyo Cement and its competitors. This is 46% below median its historical median of 3.91. According to the industry distribution chart, Taiheiyo Cement ranks #229 out of 410 companies in the Building Materials industry, placing it in the top 55.9%.
Is Taiheiyo Cement's Return-on-Tangible-Asset too high?
Taiheiyo Cement's current Return-on-Tangible-Asset of 2.12% is 46% below median its 10-year median of 3.91. The Building Materials industry median Return-on-Tangible-Asset is 2.35. Taiheiyo Cement's value of 2.12% is 9.6% below this industry median. Based on the distribution chart, Taiheiyo Cement ranks #229 out of 410 companies in the Building Materials industry, which is below the industry midpoint. Overall, Taiheiyo Cement has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Taiheiyo Cement's Return-on-Tangible-Asset compare to CRH and VMC?
According to the Building Materials industry distribution chart, Taiheiyo Cement ranks #229 out of 410 companies for Return-on-Tangible-Asset. This places Taiheiyo Cement in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.35. Taiheiyo Cement's value of 2.12% is 9.6% below this benchmark. While the company's 10-year median is 3.91 vs. the industry median of 2.35, Taiheiyo Cement has consistently been below 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 Building Materials company?
The median Return-on-Tangible-Asset among Building Materials companies is 2.35, based on 410 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. Taiheiyo Cement's current Return-on-Tangible-Asset of 2.12% is 9.6% below 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 Taiheiyo Cement and its competitors. For the Building Materials industry, the median Return-on-Tangible-Asset is 2.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiheiyo Cement's current Return-on-Tangible-Asset is 2.12%, which is 46% below median its own 10-year median of 3.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiheiyo Cement stock overvalued right now?
Based on GuruFocus' analysis, Taiheiyo Cement (THYCF) is currently considered Fairly Valued. The stock's GF Value™ is $25.56, compared to a current price of $24.22 — trading 5.2% below its estimated fair value. The current Return-on-Tangible-Asset is 2.12%, which is 46% below median its 10-year median of 3.91 and 9.6% below the Building Materials industry median of 2.35. Taiheiyo Cement's overall GF Score™ is 72/100 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 Taiheiyo Cement (THYCF), the current Return-on-Tangible-Asset is 2.12% 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 Taiheiyo Cement (THYCF) Overvalued in 2026?
Based on GuruFocus' analysis, Taiheiyo Cement stock appears to be undervalued.
The current stock price of $24.22 is trading 5.2% below its estimated GF Value™ of $25.56.
GuruFocus considers Taiheiyo Cement to be Fairly Valued.
Key valuation signals for THYCF:
Return-on-Tangible-Asset: 2.12% (46% below median its 10-year median of 3.91)
GF Value™: $25.56 vs. price of $24.22 (5.2% below fair value)
Industry Position: 9.6% below the Building Materials median (#229 of 410)
No single metric tells the full story. See the THYCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Taiheiyo Cement Corp is a Japan-based company mainly engaged in the manufacture and sale of cement products. The company operates through four main segments. The Building Materials and Civil Engineering segment handles secondary concrete products and ALC (lightweight aerated concrete). The Cement segment covers various cement types and ready-mixed concrete. The Environmental Business focuses on waste recycling and desulfurization materials. The Resources segment deals with aggregates and limestone products. The Others segment includes real estate, engineering, information processing, finance, transportation, warehousing, chemical products, sports, and power supply. It generates the majority of its revenue from the Cement segment.
72GF Score
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