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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. Kodensha Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円0 Mil. Kodensha Co's average total tangible assets for the quarter that ended in Mar. 2026 was 円36,037 Mil. Therefore, Kodensha Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 0.00%.
The historical rank and industry rank for Kodensha Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:1948'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.09 Med: 4.27 Max: 8.42
Current: 2.75
During the past 13 years, Kodensha Co's highest Return-on-Tangible-Asset was 8.42%. The lowest was 1.09%. And the median was 4.27%.
TSE:1948's Return-on-Tangible-Asset is ranked worse than 52.68% of 1788
companies
in the Construction industry
Industry Median: 3.095
vs TSE:1948: 2.75
Kodensha Co (TSE:1948) 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.
Kodensha Co Return-on-Tangible-Asset Related Terms
Kodensha Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Kodensha 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:1948 vs PWR, FIX, EME: Return-on-Tangible-Asset Comparison
For the Engineering & Construction subindustry, Kodensha 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.
Kodensha Co Return-on-Tangible-Asset vs Construction Industry
For the Construction industry and Industrials sector, Kodensha Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Kodensha 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 0.00% mean?
Kodensha Co (TSE:1948) has a Return-on-Tangible-Asset of 0.00% 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 Kodensha Co and its competitors. Over the past decade, Kodensha Co's Return-on-Tangible-Asset has ranged from 1.09 to 8.42. According to the industry distribution chart, Kodensha Co ranks #942 out of 1788 companies in the Construction industry, placing it in the top 52.7%.
Is Kodensha Co's Return-on-Tangible-Asset too high?
Kodensha Co's current Return-on-Tangible-Asset is 0.00%. Over the past 10 years, this metric has ranged from a low of 1.09 to a high of 8.42. Based on the distribution chart, Kodensha Co ranks #942 out of 1788 companies in the Construction industry, which is below the industry midpoint. Overall, Kodensha Co has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kodensha Co's Return-on-Tangible-Asset compare to PWR and FIX?
According to the Construction industry distribution chart, Kodensha Co ranks #942 out of 1788 companies for Return-on-Tangible-Asset. This places Kodensha Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.10. Historically, Kodensha Co's own Return-on-Tangible-Asset has ranged from 1.09 to 8.42 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 3.10, based on 1,788 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 Kodensha Co and its competitors. For the Construction industry, the median Return-on-Tangible-Asset is 3.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kodensha 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 Kodensha Co stock overvalued right now?
Based on GuruFocus' analysis, Kodensha Co (TSE:1948) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,056.11, compared to a current price of 円11,450.00 — trading 456.9% above its estimated fair value. The current Return-on-Tangible-Asset is 0.00%. Kodensha Co's overall GF Score™ is 58/100 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 Kodensha Co (TSE:1948), the current Return-on-Tangible-Asset is 0.00% 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 Kodensha Co (TSE:1948) Overvalued in 2026?
Based on GuruFocus' analysis, Kodensha Co stock appears to be overvalued.
The current stock price of 円11,450.00 is trading 456.9% above its estimated GF Value™ of 円2,056.11.
GuruFocus considers Kodensha Co to be Significantly Overvalued.
Key valuation signals for TSE:1948:
Return-on-Tangible-Asset: 0.00%
GF Value™: 円2,056.11 vs. price of 円11,450.00 (456.9% above fair value)
No single metric tells the full story. See the TSE:1948 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kodensha Co Ltd is a specialized company of electrical equipment construction. It has diversified its operations into the following segments. The "Electrical Equipment Construction Business" carries out indoor wiring construction, power transmission line construction, power generation and transformation construction, communication construction, and air conditioning construction. The "Product Sales Business" sells electronic control and measurement machinery and equipment, substation equipment and equipment, machine tools and equipment, information and communication machinery and equipment, refrigeration and air conditioning machinery and equipment, elevators and monitoring, and control equipment.
58GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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