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Kyowanissei CoTSE:1981 -0.53%58 Return-on-Tangible-Asset is 4.94% as of Mar. 2026, which is 25% above its 10-year median of 3.96. GuruFocus rates TSE:1981 with a GF Score™ of 58/100 and a GF Value™ of 円1,661.05 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,783 Construction companies, Kyowanissei Co ranks better than 58.16% 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. Kyowanissei Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円1,398 Mil. Kyowanissei Co's average total tangible assets for the quarter that ended in Mar. 2026 was 円28,335 Mil. Therefore, Kyowanissei Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 4.94%.
The historical rank and industry rank for Kyowanissei Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:1981'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.97 Med: 3.96 Max: 6.91
Current: 4.24
During the past 13 years, Kyowanissei Co's highest Return-on-Tangible-Asset was 6.91%. The lowest was 2.97%. And the median was 3.96%.
TSE:1981's Return-on-Tangible-Asset is ranked better than 58.16% of 1783
companies
in the Construction industry
Industry Median: 3.04
vs TSE:1981: 4.24
Kyowanissei Co (TSE:1981) 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.
Kyowanissei Co Return-on-Tangible-Asset Related Terms
Kyowanissei Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Kyowanissei 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:1981 vs TT, JCI, CARR: Return-on-Tangible-Asset Comparison
For the Building Products & Equipment subindustry, Kyowanissei 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.
Kyowanissei Co Return-on-Tangible-Asset vs Construction Industry
For the Construction industry and Industrials sector, Kyowanissei Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Kyowanissei 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 4.94% mean?
Kyowanissei Co (TSE:1981) has a Return-on-Tangible-Asset of 4.94% 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 Kyowanissei Co and its competitors. This is 25% above median its historical median of 3.96. Over the past decade, Kyowanissei Co's Return-on-Tangible-Asset has ranged from 2.97 to 6.91. According to the industry distribution chart, Kyowanissei Co ranks #746 out of 1783 companies in the Construction industry, placing it in the top 41.8%.
Is Kyowanissei Co's Return-on-Tangible-Asset too high?
Kyowanissei Co's current Return-on-Tangible-Asset of 4.94% is 25% above median its 10-year median of 3.96. Over the past 10 years, this metric has ranged from a low of 2.97 to a high of 6.91. The Construction industry median Return-on-Tangible-Asset is 3.04. Kyowanissei Co's value of 4.94% is 62.5% above this industry median. Based on the distribution chart, Kyowanissei Co ranks #746 out of 1783 companies in the Construction industry, which is above the industry midpoint. Overall, Kyowanissei Co has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kyowanissei Co's Return-on-Tangible-Asset compare to TT and JCI?
According to the Construction industry distribution chart, Kyowanissei Co ranks #746 out of 1783 companies for Return-on-Tangible-Asset. This puts Kyowanissei Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.04. Kyowanissei Co's value of 4.94% is 62.5% above this benchmark. Historically, Kyowanissei Co's own Return-on-Tangible-Asset has ranged from 2.97 to 6.91 over the past decade. While the company's 10-year median is 3.96 vs. the industry median of 3.04, Kyowanissei 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 Construction company?
The median Return-on-Tangible-Asset among Construction companies is 3.04, based on 1,783 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. Kyowanissei Co's current Return-on-Tangible-Asset of 4.94% is 62.5% 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 Kyowanissei Co 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. Kyowanissei Co's current Return-on-Tangible-Asset is 4.94%, which is 25% above median its own 10-year median of 3.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kyowanissei Co stock overvalued right now?
Based on GuruFocus' analysis, Kyowanissei Co (TSE:1981) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,661.05, compared to a current price of 円1,308.00 — trading 21.3% below its estimated fair value. The current Return-on-Tangible-Asset is 4.94%, which is 25% above median its 10-year median of 3.96 and 62.5% above the Construction industry median of 3.04. Kyowanissei Co's overall GF Score™ is 58/100 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 Kyowanissei Co (TSE:1981), the current Return-on-Tangible-Asset is 4.94% 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 Kyowanissei Co (TSE:1981) Overvalued in 2026?
Based on GuruFocus' analysis, Kyowanissei Co stock appears to be undervalued.
The current stock price of 円1,308.00 is trading 21.3% below its estimated GF Value™ of 円1,661.05.
GuruFocus considers Kyowanissei Co to be Modestly Undervalued.
Key valuation signals for TSE:1981:
Return-on-Tangible-Asset: 4.94% (25% above median its 10-year median of 3.96)
GF Value™: 円1,661.05 vs. price of 円1,308.00 (21.3% below fair value)
Industry Position: 62.5% above the Construction median (#746 of 1783)
No single metric tells the full story. See the TSE:1981 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kyowanissei Co Ltd is engaged in the construction business in Japan. It constructs gas facilities & apartment buildings & plant facilities It also provides maintenance, repair & installation services for sanitary equipment & air conditioning equipment. Its gasworks includes interior and underground piping work; construction and facility work include construction work, water supply, and drainage work, the air-conditioning system work and interior finishing work; electrical facility and civil engineering work include underground burial of electric cables work, engineering work, as well as water and sewerage work. Its segments include: Construction facilities business; Gas equipment business; Gas pipeline business; and Electrical installation/civil engineering business.
58GF Score
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