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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 Aqua Co's annualizedNet Income for the quarter that ended in Jun. 2026 was 円0 Mil. Nippon Aqua Co's average total tangible assets for the quarter that ended in Jun. 2026 was 円24,515 Mil. Therefore, Nippon Aqua Co's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 0.00%.
The historical rank and industry rank for Nippon Aqua Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:1429'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.62 Med: 7.99 Max: 9.5
Current: 7.76
During the past 13 years, Nippon Aqua Co's highest Return-on-Tangible-Asset was 9.50%. The lowest was 3.62%. And the median was 7.99%.
TSE:1429's Return-on-Tangible-Asset is ranked better than 77.67% of 1787
companies
in the Construction industry
Industry Median: 3.08
vs TSE:1429: 7.76
Nippon Aqua Co (TSE:1429) 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.
Nippon Aqua Co Return-on-Tangible-Asset Related Terms
Nippon Aqua Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Nippon Aqua Co'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:1429 vs PWR, FIX, EME: Return-on-Tangible-Asset Comparison
For the Engineering & Construction subindustry, Nippon Aqua Co'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 Aqua Co Return-on-Tangible-Asset vs Construction Industry
For the Construction industry and Industrials sector, Nippon Aqua Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Nippon Aqua Co'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 0.00% mean?
Nippon Aqua Co (TSE:1429) has a Return-on-Tangible-Asset of 0.00% 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 Nippon Aqua Co and its competitors. Over the past decade, Nippon Aqua Co's Return-on-Tangible-Asset has ranged from 3.62 to 9.50. According to the industry distribution chart, Nippon Aqua Co ranks #399 out of 1787 companies in the Construction industry, placing it in the top 22.3%.
Is Nippon Aqua Co's Return-on-Tangible-Asset too high?
Nippon Aqua Co's current Return-on-Tangible-Asset is 0.00%. Over the past 10 years, this metric has ranged from a low of 3.62 to a high of 9.50. Based on the distribution chart, Nippon Aqua Co ranks #399 out of 1787 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Nippon Aqua Co has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Aqua Co's Return-on-Tangible-Asset compare to PWR and FIX?
According to the Construction industry distribution chart, Nippon Aqua Co ranks #399 out of 1787 companies for Return-on-Tangible-Asset. This places Nippon Aqua Co in the top 22% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.08. Historically, Nippon Aqua Co's own Return-on-Tangible-Asset has ranged from 3.62 to 9.50 over the past decade. 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 Construction company?
The median Return-on-Tangible-Asset among Construction companies is 3.08, based on 1,787 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. 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 Aqua Co and its competitors. For the Construction industry, the median Return-on-Tangible-Asset is 3.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Aqua Co's current Return-on-Tangible-Asset is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Aqua Co stock overvalued right now?
Based on GuruFocus' analysis, Nippon Aqua Co (TSE:1429) is currently considered Modestly Overvalued. The stock's GF Value™ is 円687.37, compared to a current price of 円786.00 — trading 14.3% above its estimated fair value. The current Return-on-Tangible-Asset is 0.00%. Nippon Aqua Co's overall GF Score™ is 76/100 with 3 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 Nippon Aqua Co (TSE:1429), the current Return-on-Tangible-Asset is 0.00% 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 Nippon Aqua Co (TSE:1429) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Aqua Co stock appears to be overvalued.
The current stock price of 円786.00 is trading 14.3% above its estimated GF Value™ of 円687.37.
GuruFocus considers Nippon Aqua Co to be Modestly Overvalued.
Key valuation signals for TSE:1429:
Return-on-Tangible-Asset: 0.00%
GF Value™: 円687.37 vs. price of 円786.00 (14.3% above fair value)
No single metric tells the full story. See the TSE:1429 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Aqua Co Ltd is engaged in the development, sales, and installation of rigid polyurethane foam (Note) and waterproofing materials (polyurea). The company also provides a comprehensive service from the procurement, manufacturing, and sales of raw materials according to its specifications, to insulation design, sales of related materials such as heat-shielding materials, and on-site installation. Its business consists of a single business: thermal insulation construction and related services.
76GF Score
Get the complete analysis for TSE:1429
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