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Nippon Dry-Chemical CoTSE:1909 +0.14%74 Return-on-Tangible-Asset is 7.16% as of Mar. 2026, which is 35% above its 10-year median of 5.30. GuruFocus rates TSE:1909 with a GF Score™ of 74/100 and a GF Value™ of 円1,038.59 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,094 Business Services companies, Nippon Dry-Chemical Co ranks better than 75.69% 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. Nippon Dry-Chemical Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円3,912 Mil. Nippon Dry-Chemical Co's average total tangible assets for the quarter that ended in Mar. 2026 was 円54,674 Mil. Therefore, Nippon Dry-Chemical Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 7.16%.
The historical rank and industry rank for Nippon Dry-Chemical Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:1909'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.72 Med: 5.3 Max: 9.74
Current: 9.74
During the past 13 years, Nippon Dry-Chemical Co's highest Return-on-Tangible-Asset was 9.74%. The lowest was 3.72%. And the median was 5.30%.
TSE:1909's Return-on-Tangible-Asset is ranked better than 75.69% of 1094
companies
in the Business Services industry
Industry Median: 3.98
vs TSE:1909: 9.74
Nippon Dry-Chemical Co (TSE:1909) 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 Dry-Chemical Co Return-on-Tangible-Asset Related Terms
Nippon Dry-Chemical Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Nippon Dry-Chemical 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.
Nippon Dry-Chemical Co Return-on-Tangible-Asset Chart
TSE:1909 vs ALLE, MSA, ADT: Return-on-Tangible-Asset Comparison
For the Security & Protection Services subindustry, Nippon Dry-Chemical 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 Dry-Chemical Co Return-on-Tangible-Asset vs Business Services Industry
For the Business Services industry and Industrials sector, Nippon Dry-Chemical Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Nippon Dry-Chemical 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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 7.16% mean?
Nippon Dry-Chemical Co (TSE:1909) has a Return-on-Tangible-Asset of 7.16% 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 Nippon Dry-Chemical Co and its competitors. This is 35% above median its historical median of 5.30. Over the past decade, Nippon Dry-Chemical Co's Return-on-Tangible-Asset has ranged from 3.72 to 9.74. According to the industry distribution chart, Nippon Dry-Chemical Co ranks #266 out of 1094 companies in the Business Services industry, placing it in the top 24.3%.
Is Nippon Dry-Chemical Co's Return-on-Tangible-Asset too high?
Nippon Dry-Chemical Co's current Return-on-Tangible-Asset of 7.16% is 35% above median its 10-year median of 5.30. Over the past 10 years, this metric has ranged from a low of 3.72 to a high of 9.74. The Business Services industry median Return-on-Tangible-Asset is 3.98. Nippon Dry-Chemical Co's value of 7.16% is 79.9% above this industry median. Based on the distribution chart, Nippon Dry-Chemical Co ranks #266 out of 1094 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Nippon Dry-Chemical Co has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Dry-Chemical Co's Return-on-Tangible-Asset compare to ALLE and MSA?
According to the Business Services industry distribution chart, Nippon Dry-Chemical Co ranks #266 out of 1094 companies for Return-on-Tangible-Asset. This places Nippon Dry-Chemical Co in the top 24% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.98. Nippon Dry-Chemical Co's value of 7.16% is 79.9% above this benchmark. Historically, Nippon Dry-Chemical Co's own Return-on-Tangible-Asset has ranged from 3.72 to 9.74 over the past decade. While the company's 10-year median is 5.30 vs. the industry median of 3.98, Nippon Dry-Chemical Co 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 Business Services company?
The median Return-on-Tangible-Asset among Business Services companies is 3.98, based on 1,094 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. Nippon Dry-Chemical Co's current Return-on-Tangible-Asset of 7.16% is 79.9% 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 Nippon Dry-Chemical Co and its competitors. For the Business Services industry, the median Return-on-Tangible-Asset is 3.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Dry-Chemical Co's current Return-on-Tangible-Asset is 7.16%, which is 35% above median its own 10-year median of 5.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Dry-Chemical Co stock overvalued right now?
Based on GuruFocus' analysis, Nippon Dry-Chemical Co (TSE:1909) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,038.59, compared to a current price of 円3,695.00 — trading 255.8% above its estimated fair value. The current Return-on-Tangible-Asset is 7.16%, which is 35% above median its 10-year median of 5.30 and 79.9% above the Business Services industry median of 3.98. Nippon Dry-Chemical Co's overall GF Score™ is 74/100 with 2 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 Dry-Chemical Co (TSE:1909), the current Return-on-Tangible-Asset is 7.16% 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 Nippon Dry-Chemical Co (TSE:1909) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Dry-Chemical Co stock appears to be overvalued.
The current stock price of 円3,695.00 is trading 255.8% above its estimated GF Value™ of 円1,038.59.
GuruFocus considers Nippon Dry-Chemical Co to be Significantly Overvalued.
Key valuation signals for TSE:1909:
Return-on-Tangible-Asset: 7.16% (35% above median its 10-year median of 5.30)
GF Value™: 円1,038.59 vs. price of 円3,695.00 (255.8% above fair value)
Industry Position: 79.9% above the Business Services median (#266 of 1094)
No single metric tells the full story. See the TSE:1909 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Dry-Chemical Co Ltd designs, manufactures, sells, and installs fire extinguishing equipment, fire engines and security systems in Japan. The company offers sprinkler systems; drencher equipment; sprinkler systems for apartment buildings; automatic fire alarm systems; water ejector sprinkler systems; indoor/outdoor hydrants; tunnel disaster prevention systems; and consolidated water pipes among other products.
74GF Score
Get the complete analysis for TSE:1909
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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