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Chugai Ro CoTSE:1964 -0.39%78 Return-on-Tangible-Asset is 14.67% as of Mar. 2026, which is 420% above its 10-year median of 2.82. GuruFocus rates TSE:1964 with a GF Score™ of 78/100 and a GF Value™ of 円4,047.92 (Fairly Valued). The stock has 3 warning signs investors should review. Among 3,078 Industrial Products companies, Chugai Ro Co ranks better than 84.34% 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. Chugai Ro Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円7,226 Mil. Chugai Ro Co's average total tangible assets for the quarter that ended in Mar. 2026 was 円49,257 Mil. Therefore, Chugai Ro Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 14.67%.
The historical rank and industry rank for Chugai Ro Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:1964'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.78 Med: 2.82 Max: 9.52
Current: 9.52
During the past 13 years, Chugai Ro Co's highest Return-on-Tangible-Asset was 9.52%. The lowest was 0.78%. And the median was 2.82%.
TSE:1964's Return-on-Tangible-Asset is ranked better than 84.34% of 3078
companies
in the Industrial Products industry
Industry Median: 3.26
vs TSE:1964: 9.52
Chugai Ro Co (TSE:1964) 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.
Chugai Ro Co Return-on-Tangible-Asset Related Terms
Chugai Ro Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Chugai Ro 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:1964 vs GEV, ETN, PH: Return-on-Tangible-Asset Comparison
For the Specialty Industrial Machinery subindustry, Chugai Ro 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.
Chugai Ro Co Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Chugai Ro Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Chugai Ro 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 two times the semi-annual (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 14.67% mean?
Chugai Ro Co (TSE:1964) has a Return-on-Tangible-Asset of 14.67% 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 Chugai Ro Co and its competitors. This is 420% above median its historical median of 2.82. Over the past decade, Chugai Ro Co's Return-on-Tangible-Asset has ranged from 0.78 to 9.52. According to the industry distribution chart, Chugai Ro Co ranks #482 out of 3078 companies in the Industrial Products industry, placing it in the top 15.7%.
Is Chugai Ro Co's Return-on-Tangible-Asset too high?
Chugai Ro Co's current Return-on-Tangible-Asset of 14.67% is 420% above median its 10-year median of 2.82. Over the past 10 years, this metric has ranged from a low of 0.78 to a high of 9.52. The Industrial Products industry median Return-on-Tangible-Asset is 3.26. Chugai Ro Co's value of 14.67% is 350% above this industry median. Based on the distribution chart, Chugai Ro Co ranks #482 out of 3078 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Chugai Ro Co has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Chugai Ro Co's Return-on-Tangible-Asset compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Chugai Ro Co ranks #482 out of 3078 companies for Return-on-Tangible-Asset. This places Chugai Ro Co in the top 16% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.26. Chugai Ro Co's value of 14.67% is 350% above this benchmark. Historically, Chugai Ro Co's own Return-on-Tangible-Asset has ranged from 0.78 to 9.52 over the past decade. While the company's 10-year median is 2.82 vs. the industry median of 3.26, Chugai Ro 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 an Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.26, based on 3,078 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. Chugai Ro Co's current Return-on-Tangible-Asset of 14.67% is 350% 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 Chugai Ro Co and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chugai Ro Co's current Return-on-Tangible-Asset is 14.67%, which is 420% above median its own 10-year median of 2.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chugai Ro Co stock overvalued right now?
Based on GuruFocus' analysis, Chugai Ro Co (TSE:1964) is currently considered Fairly Valued. The stock's GF Value™ is 円4,047.92, compared to a current price of 円3,800.00 — trading 6.1% below its estimated fair value. The current Return-on-Tangible-Asset is 14.67%, which is 420% above median its 10-year median of 2.82 and 350% above the Industrial Products industry median of 3.26. Chugai Ro Co's overall GF Score™ is 78/100 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 Chugai Ro Co (TSE:1964), the current Return-on-Tangible-Asset is 14.67% 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 Chugai Ro Co (TSE:1964) Overvalued in 2026?
Based on GuruFocus' analysis, Chugai Ro Co stock appears to be undervalued.
The current stock price of 円3,800.00 is trading 6.1% below its estimated GF Value™ of 円4,047.92.
GuruFocus considers Chugai Ro Co to be Fairly Valued.
Key valuation signals for TSE:1964:
Return-on-Tangible-Asset: 14.67% (420% above median its 10-year median of 2.82)
GF Value™: 円4,047.92 vs. price of 円3,800.00 (6.1% below fair value)
Industry Position: 350% above the Industrial Products median (#482 of 3078)
No single metric tells the full story. See the TSE:1964 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chugai Ro Co Ltd is engaged in the development of technologies in the thermal technology field. The company operates through three segments namely Energy, Environmental preservation, and Information or communications. It offers various products including heat treatment furnaces for automobile machine parts, steel and nonferrous-metal heating furnaces, gas burner, film coating and drying equipment and environmental equipment and others.
78GF Score
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