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Hibiya EngineeringTSE:1982 -0.22%88 Return-on-Tangible-Asset is 20.79% as of Mar. 2026, which is 309% above its 10-year median of 5.08. GuruFocus rates TSE:1982 with a GF Score™ of 88/100 and a GF Value™ of 円2,057.78 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,781 Construction companies, Hibiya Engineering ranks better than 81.75% 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. Hibiya Engineering's annualizedNet Income for the quarter that ended in Mar. 2026 was 円22,300 Mil. Hibiya Engineering's average total tangible assets for the quarter that ended in Mar. 2026 was 円107,250 Mil. Therefore, Hibiya Engineering's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 20.79%.
The historical rank and industry rank for Hibiya Engineering's Return-on-Tangible-Asset or its related term are showing as below:
TSE:1982'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.29 Med: 5.08 Max: 8.7
Current: 8.7
During the past 13 years, Hibiya Engineering's highest Return-on-Tangible-Asset was 8.70%. The lowest was 3.29%. And the median was 5.08%.
TSE:1982's Return-on-Tangible-Asset is ranked better than 81.75% of 1781
companies
in the Construction industry
Industry Median: 3.04
vs TSE:1982: 8.70
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.
Hibiya Engineering Return-on-Tangible-Asset Related Terms
Hibiya Engineering Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Hibiya Engineering'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:1982 vs PWR, FIX, EME: Return-on-Tangible-Asset Comparison
For the Engineering & Construction subindustry, Hibiya Engineering'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.
Hibiya Engineering Return-on-Tangible-Asset vs Construction Industry
For the Construction industry and Industrials sector, Hibiya Engineering's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Hibiya Engineering'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 20.79% mean?
Hibiya Engineering (TSE:1982) has a Return-on-Tangible-Asset of 20.79% 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 Hibiya Engineering and its competitors. This is 309% above median its historical median of 5.08. Over the past decade, Hibiya Engineering's Return-on-Tangible-Asset has ranged from 3.29 to 8.70. According to the industry distribution chart, Hibiya Engineering ranks #325 out of 1781 companies in the Construction industry, placing it in the top 18.2%.
Is Hibiya Engineering's Return-on-Tangible-Asset too high?
Hibiya Engineering's current Return-on-Tangible-Asset of 20.79% is 309% above median its 10-year median of 5.08. Over the past 10 years, this metric has ranged from a low of 3.29 to a high of 8.70. The Construction industry median Return-on-Tangible-Asset is 3.04. Hibiya Engineering's value of 20.79% is 583.9% above this industry median. Based on the distribution chart, Hibiya Engineering ranks #325 out of 1781 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Hibiya Engineering has a GF Score™ of 88/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hibiya Engineering's Return-on-Tangible-Asset compare to PWR and FIX?
According to the Construction industry distribution chart, Hibiya Engineering ranks #325 out of 1781 companies for Return-on-Tangible-Asset. This places Hibiya Engineering in the top 18% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.04. Hibiya Engineering's value of 20.79% is 583.9% above this benchmark. Historically, Hibiya Engineering's own Return-on-Tangible-Asset has ranged from 3.29 to 8.70 over the past decade. While the company's 10-year median is 5.08 vs. the industry median of 3.04, Hibiya Engineering 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. Hibiya Engineering's current Return-on-Tangible-Asset of 20.79% is 583.9% 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 Hibiya Engineering 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. Hibiya Engineering's current Return-on-Tangible-Asset is 20.79%, which is 309% above median its own 10-year median of 5.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hibiya Engineering stock overvalued right now?
Based on GuruFocus' analysis, Hibiya Engineering (TSE:1982) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,057.78, compared to a current price of 円2,772.00 — trading 34.7% above its estimated fair value. The current Return-on-Tangible-Asset is 20.79%, which is 309% above median its 10-year median of 5.08 and 583.9% above the Construction industry median of 3.04. Hibiya Engineering's overall GF Score™ is 88/100 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 Hibiya Engineering (TSE:1982), the current Return-on-Tangible-Asset is 20.79% 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 Hibiya Engineering (TSE:1982) Overvalued in 2026?
Based on GuruFocus' analysis, Hibiya Engineering stock appears to be overvalued.
The current stock price of 円2,772.00 is trading 34.7% above its estimated GF Value™ of 円2,057.78.
GuruFocus considers Hibiya Engineering to be Significantly Overvalued.
Key valuation signals for TSE:1982:
Return-on-Tangible-Asset: 20.79% (309% above median its 10-year median of 5.08)
GF Value™: 円2,057.78 vs. price of 円2,772.00 (34.7% above fair value)
Industry Position: 583.9% above the Construction median (#325 of 1781)
No single metric tells the full story. See the TSE:1982 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hibiya Engineering Ltd is a construction company. The company's operating segment includes Construction; Equipment sales; and Equipment manufacturing. It generates maximum revenue from the Construction segment. The company activities include Installation of air conditioning equipment; Installation of electrical equipment, and information and communications equipment; Installation of plumbing facilities and other sanitary facilities; Building and public works design and construction; Manufacture and sale of construction and sanitary equipment and others.
88GF Score
Get the complete analysis for TSE:1982
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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