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Trial HoldingsTSE:141A +1.46%11 Return-on-Tangible-Asset is 4.12% as of Dec. 2025, which is 1% above its 10-year median of 4.06. GuruFocus rates TSE:141A with a GF Score™ of 11/100. The stock has 5 warning signs investors should review. Among 311 Retail - Defensive companies, Trial Holdings ranks worse than 63.34% 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. Trial Holdings's annualizedNet Income for the quarter that ended in Dec. 2025 was 円20,144 Mil. Trial Holdings's average total tangible assets for the quarter that ended in Dec. 2025 was 円488,773 Mil. Therefore, Trial Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 4.12%.
The historical rank and industry rank for Trial Holdings's Return-on-Tangible-Asset or its related term are showing as below:
TSE:141A'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.09 Med: 4.06 Max: 4.77
Current: 2.3
During the past 5 years, Trial Holdings's highest Return-on-Tangible-Asset was 4.77%. The lowest was 1.09%. And the median was 4.06%.
TSE:141A's Return-on-Tangible-Asset is ranked worse than 63.34% of 311
companies
in the Retail - Defensive industry
Industry Median: 3.86
vs TSE:141A: 2.30
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.
Trial Holdings Return-on-Tangible-Asset Related Terms
Trial Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Trial Holdings'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.
TSE:141A vs WMT, COST, TGT: Return-on-Tangible-Asset Comparison
For the Discount Stores subindustry, Trial Holdings'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.
Trial Holdings Return-on-Tangible-Asset vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Trial Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Trial Holdings'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 (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 4.12% mean?
Trial Holdings (TSE:141A) has a Return-on-Tangible-Asset of 4.12% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Trial Holdings and its competitors. This is near median its historical median of 4.06. Over the past decade, Trial Holdings' Return-on-Tangible-Asset has ranged from 1.09 to 4.77. According to the industry distribution chart, Trial Holdings ranks #197 out of 311 companies in the Retail - Defensive industry, placing it in the top 63.3%.
Is Trial Holdings' Return-on-Tangible-Asset too high?
Trial Holdings' current Return-on-Tangible-Asset of 4.12% is near median its 10-year median of 4.06. Over the past 10 years, this metric has ranged from a low of 1.09 to a high of 4.77. The Retail - Defensive industry median Return-on-Tangible-Asset is 3.86. Trial Holdings' value of 4.12% is 6.7% above this industry median. Based on the distribution chart, Trial Holdings ranks #197 out of 311 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, Trial Holdings has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Trial Holdings' Return-on-Tangible-Asset compare to WMT and COST?
According to the Retail - Defensive industry distribution chart, Trial Holdings ranks #197 out of 311 companies for Return-on-Tangible-Asset. This places Trial Holdings in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.86. Trial Holdings' value of 4.12% is 6.7% above this benchmark. Historically, Trial Holdings' own Return-on-Tangible-Asset has ranged from 1.09 to 4.77 over the past decade. While the company's 10-year median is 4.06 vs. the industry median of 3.86, Trial Holdings 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 Retail - Defensive company?
The median Return-on-Tangible-Asset among Retail - Defensive companies is 3.86, based on 311 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. Trial Holdings's current Return-on-Tangible-Asset of 4.12% is 6.7% 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 Trial Holdings and its competitors. For the Retail - Defensive industry, the median Return-on-Tangible-Asset is 3.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trial Holdings's current Return-on-Tangible-Asset is 4.12%, which is near median its own 10-year median of 4.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trial Holdings stock overvalued right now?
Trial Holdings (TSE:141A) has a current Return-on-Tangible-Asset of 4.12%. The current Return-on-Tangible-Asset is 4.12%, which is near median its 10-year median of 4.06 and 6.7% above the Retail - Defensive industry median of 3.86. Trial Holdings' overall GF Score™ is 11/100 with 5 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 Trial Holdings (TSE:141A), the current Return-on-Tangible-Asset is 4.12% as of Dec. 2025. 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.
Trial Holdings Inc is a holding company. Along with its subsidiaries, it operates in the following reportable segments: Retail Distribution Business and Retail AI Business. The majority of its revenue is generated from the Retail Distribution Business, which operates discount stores across Japan, ranging from small to large, along with medium-sized supercenters. The product lineup of the stores focuses on food (especially fresh foods), and non-food items include daily necessities and hard goods. The Retail AI Business segment is mainly involved in research and development aimed at transforming stores into smart stores, as well as the sale of products and the outsourcing of services related to smart stores. In addition, the group is involved in real estate and resort-related businesses.
11GF Score
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