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ShinnihonTSE:1879 -1.10%83 Return-on-Tangible-Asset is 16.44% as of Mar. 2026, which is 98% above its 10-year median of 8.31. GuruFocus rates TSE:1879 with a GF Score™ of 83/100 and a GF Value™ of 円1,678.96 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,781 Construction companies, Shinnihon ranks better than 81.47% 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. Shinnihon's annualizedNet Income for the quarter that ended in Mar. 2026 was 円29,372 Mil. Shinnihon's average total tangible assets for the quarter that ended in Mar. 2026 was 円178,672 Mil. Therefore, Shinnihon's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 16.44%.
The historical rank and industry rank for Shinnihon's Return-on-Tangible-Asset or its related term are showing as below:
TSE:1879'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 7.52 Med: 8.31 Max: 14.19
Current: 8.73
During the past 13 years, Shinnihon's highest Return-on-Tangible-Asset was 14.19%. The lowest was 7.52%. And the median was 8.31%.
TSE:1879's Return-on-Tangible-Asset is ranked better than 81.47% of 1781
companies
in the Construction industry
Industry Median: 3.04
vs TSE:1879: 8.73
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.
Shinnihon Return-on-Tangible-Asset Related Terms
Shinnihon Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Shinnihon'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:1879 vs PWR, FIX, EME: Return-on-Tangible-Asset Comparison
For the Engineering & Construction subindustry, Shinnihon'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.
Shinnihon Return-on-Tangible-Asset vs Construction Industry
For the Construction industry and Industrials sector, Shinnihon's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Shinnihon'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 16.44% mean?
Shinnihon (TSE:1879) has a Return-on-Tangible-Asset of 16.44% 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 Shinnihon and its competitors. This is 98% above median its historical median of 8.31. Over the past decade, Shinnihon's Return-on-Tangible-Asset has ranged from 7.52 to 14.19. According to the industry distribution chart, Shinnihon ranks #330 out of 1781 companies in the Construction industry, placing it in the top 18.5%.
Is Shinnihon's Return-on-Tangible-Asset too high?
Shinnihon's current Return-on-Tangible-Asset of 16.44% is 98% above median its 10-year median of 8.31. Over the past 10 years, this metric has ranged from a low of 7.52 to a high of 14.19. The Construction industry median Return-on-Tangible-Asset is 3.04. Shinnihon's value of 16.44% is 440.8% above this industry median. Based on the distribution chart, Shinnihon ranks #330 out of 1781 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Shinnihon has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shinnihon's Return-on-Tangible-Asset compare to PWR and FIX?
According to the Construction industry distribution chart, Shinnihon ranks #330 out of 1781 companies for Return-on-Tangible-Asset. This places Shinnihon in the top 19% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.04. Shinnihon's value of 16.44% is 440.8% above this benchmark. Historically, Shinnihon's own Return-on-Tangible-Asset has ranged from 7.52 to 14.19 over the past decade. While the company's 10-year median is 8.31 vs. the industry median of 3.04, Shinnihon 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 Construction company?
The median Return-on-Tangible-Asset among Construction companies is 3.04, based on 1,781 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. Shinnihon's current Return-on-Tangible-Asset of 16.44% is 440.8% 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 Shinnihon and its competitors. For the Construction industry, the median Return-on-Tangible-Asset is 3.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shinnihon's current Return-on-Tangible-Asset is 16.44%, which is 98% above median its own 10-year median of 8.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shinnihon stock overvalued right now?
Based on GuruFocus' analysis, Shinnihon (TSE:1879) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,678.96, compared to a current price of 円2,161.00 — trading 28.7% above its estimated fair value. The current Return-on-Tangible-Asset is 16.44%, which is 98% above median its 10-year median of 8.31 and 440.8% above the Construction industry median of 3.04. Shinnihon's overall GF Score™ is 83/100 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 Shinnihon (TSE:1879), the current Return-on-Tangible-Asset is 16.44% 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 Shinnihon (TSE:1879) Overvalued in 2026?
Based on GuruFocus' analysis, Shinnihon stock appears to be overvalued.
The current stock price of 円2,161.00 is trading 28.7% above its estimated GF Value™ of 円1,678.96.
GuruFocus considers Shinnihon to be Modestly Overvalued.
Key valuation signals for TSE:1879:
Return-on-Tangible-Asset: 16.44% (98% above median its 10-year median of 8.31)
GF Value™: 円1,678.96 vs. price of 円2,161.00 (28.7% above fair value)
Industry Position: 440.8% above the Construction median (#330 of 1781)
No single metric tells the full story. See the TSE:1879 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shinnihon Corp is engaged in engineering and construction services. The company operates in two divisions namely Construction Division and Development Business Division. The construction division is engaged in the construction of joint housing, government office, hotel, office building, shopping center, shop, hospital/welfare facilities, and factories. The Development Business Division is engaged in Distribution and rental of condominium / detached house, planning and development business of commercial facilities, offices, and warehouses.
83GF Score
Get the complete analysis for TSE:1879
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