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TokenTSE:1766 76 Return-on-Tangible-Asset is 7.64% as of Apr. 2026, which is 37% above its 10-year median of 5.56. GuruFocus rates TSE:1766 with a GF Score™ of 76/100 and a GF Value™ of 円13,742.57 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,799 Real Estate companies, Token ranks better than 86.16% 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. Token's annualizedNet Income for the quarter that ended in Apr. 2026 was 円16,772 Mil. Token's average total tangible assets for the quarter that ended in Apr. 2026 was 円219,640 Mil. Therefore, Token's annualized Return-on-Tangible-Asset for the quarter that ended in Apr. 2026 was 7.64%.
The historical rank and industry rank for Token's Return-on-Tangible-Asset or its related term are showing as below:
TSE:1766'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.7 Med: 5.56 Max: 7.76
Current: 7.28
During the past 13 years, Token's highest Return-on-Tangible-Asset was 7.76%. The lowest was 2.70%. And the median was 5.56%.
TSE:1766's Return-on-Tangible-Asset is ranked better than 86.16% of 1799
companies
in the Real Estate industry
Industry Median: 1.89
vs TSE:1766: 7.28
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.
Token Return-on-Tangible-Asset Related Terms
Token Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Token'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:1766 vs CBRE, BEKE, JLL: Return-on-Tangible-Asset Comparison
For the Real Estate Services subindustry, Token'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.
Token Return-on-Tangible-Asset vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Token's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Token'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 (Apr. 2026) net income data.
What does a Return-on-Tangible-Asset of 7.64% mean?
Token (TSE:1766) has a Return-on-Tangible-Asset of 7.64% as of Apr. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Token and its competitors. This is 37% above median its historical median of 5.56. Over the past decade, Token's Return-on-Tangible-Asset has ranged from 2.70 to 7.76. According to the industry distribution chart, Token ranks #249 out of 1799 companies in the Real Estate industry, placing it in the top 13.8%.
Is Token's Return-on-Tangible-Asset too high?
Token's current Return-on-Tangible-Asset of 7.64% is 37% above median its 10-year median of 5.56. Over the past 10 years, this metric has ranged from a low of 2.70 to a high of 7.76. The Real Estate industry median Return-on-Tangible-Asset is 1.89. Token's value of 7.64% is 304.2% above this industry median. Based on the distribution chart, Token ranks #249 out of 1799 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Token has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Token's Return-on-Tangible-Asset compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Token ranks #249 out of 1799 companies for Return-on-Tangible-Asset. This places Token in the top 14% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.89. Token's value of 7.64% is 304.2% above this benchmark. Historically, Token's own Return-on-Tangible-Asset has ranged from 2.70 to 7.76 over the past decade. While the company's 10-year median is 5.56 vs. the industry median of 1.89, Token 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 Real Estate company?
The median Return-on-Tangible-Asset among Real Estate companies is 1.89, based on 1,799 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. Token's current Return-on-Tangible-Asset of 7.64% is 304.2% 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 Token and its competitors. For the Real Estate industry, the median Return-on-Tangible-Asset is 1.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Token's current Return-on-Tangible-Asset is 7.64%, which is 37% above median its own 10-year median of 5.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Token stock overvalued right now?
Based on GuruFocus' analysis, Token (TSE:1766) is currently considered Fairly Valued. The stock's GF Value™ is 円13,742.57, compared to a current price of 円13,190.00 — trading 4% below its estimated fair value. The current Return-on-Tangible-Asset is 7.64%, which is 37% above median its 10-year median of 5.56 and 304.2% above the Real Estate industry median of 1.89. Token's overall GF Score™ is 76/100 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 Token (TSE:1766), the current Return-on-Tangible-Asset is 7.64% as of Apr. 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 Token (TSE:1766) Overvalued in 2026?
Based on GuruFocus' analysis, Token stock appears to be undervalued.
The current stock price of 円13,190.00 is trading 4% below its estimated GF Value™ of 円13,742.57.
GuruFocus considers Token to be Fairly Valued.
Key valuation signals for TSE:1766:
Return-on-Tangible-Asset: 7.64% (37% above median its 10-year median of 5.56)
GF Value™: 円13,742.57 vs. price of 円13,190.00 (4% below fair value)
Industry Position: 304.2% above the Real Estate median (#249 of 1799)
No single metric tells the full story. See the TSE:1766 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Token Corp is a real estate company focused on construction and leasing of commercial and residential buildings. The company organises itself into three segments: construction, real estate leasing, and other. The construction segment, which generates approximately half of the company's revenue, constructs residential and commercial buildings. The real estate segment, which generates almost half of the company's revenue, leases real estate assets. The company is headquartered in Japan, and derives the majority of revenue domestically.
76GF Score
Get the complete analysis for TSE:1766
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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