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NMS HoldingsTSE:2162 +0.19%43 Return-on-Tangible-Asset is 2.51% as of Mar. 2026, which is 72% above its 10-year median of 1.46. GuruFocus rates TSE:2162 with a GF Score™ of 43/100 and a GF Value™ of 円334.00 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 2,500 Hardware companies, NMS Holdings ranks worse than 60.56% 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. NMS Holdings's annualizedNet Income for the quarter that ended in Mar. 2026 was 円926 Mil. NMS Holdings's average total tangible assets for the quarter that ended in Mar. 2026 was 円36,886 Mil. Therefore, NMS Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 2.51%.
The historical rank and industry rank for NMS Holdings's Return-on-Tangible-Asset or its related term are showing as below:
TSE:2162'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -6.12 Med: 1.46 Max: 4.75
Current: 0.87
During the past 13 years, NMS Holdings's highest Return-on-Tangible-Asset was 4.75%. The lowest was -6.12%. And the median was 1.46%.
TSE:2162's Return-on-Tangible-Asset is ranked worse than 60.56% of 2500
companies
in the Hardware industry
Industry Median: 2.455
vs TSE:2162: 0.87
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.
NMS Holdings Return-on-Tangible-Asset Related Terms
NMS Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for NMS Holdings'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:2162 vs APH, GLW, TEL: Return-on-Tangible-Asset Comparison
For the Electronic Components subindustry, NMS Holdings'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.
NMS Holdings Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, NMS Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where NMS Holdings'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 2.51% mean?
NMS Holdings (TSE:2162) has a Return-on-Tangible-Asset of 2.51% 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 NMS Holdings and its competitors. This is 72% above median its historical median of 1.46. According to the industry distribution chart, NMS Holdings ranks #1514 out of 2500 companies in the Hardware industry, placing it in the top 60.6%.
Is NMS Holdings' Return-on-Tangible-Asset too high?
NMS Holdings' current Return-on-Tangible-Asset of 2.51% is 72% above median its 10-year median of 1.46. The Hardware industry median Return-on-Tangible-Asset is 2.46. NMS Holdings' value of 2.51% is 2.2% above this industry median. Based on the distribution chart, NMS Holdings ranks #1514 out of 2500 companies in the Hardware industry, which is below the industry midpoint. Overall, NMS Holdings has a GF Score™ of 43/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NMS Holdings' Return-on-Tangible-Asset compare to APH and GLW?
According to the Hardware industry distribution chart, NMS Holdings ranks #1514 out of 2500 companies for Return-on-Tangible-Asset. This places NMS Holdings in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.46. NMS Holdings' value of 2.51% is 2.2% above this benchmark. While the company's 10-year median is 1.46 vs. the industry median of 2.46, NMS Holdings 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 Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.46, based on 2,500 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. NMS Holdings's current Return-on-Tangible-Asset of 2.51% is 2.2% 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 NMS Holdings and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NMS Holdings's current Return-on-Tangible-Asset is 2.51%, which is 72% above median its own 10-year median of 1.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NMS Holdings stock overvalued right now?
Based on GuruFocus' analysis, NMS Holdings (TSE:2162) is currently considered Significantly Overvalued. The stock's GF Value™ is 円334.00, compared to a current price of 円537.00 — trading 60.8% above its estimated fair value. The current Return-on-Tangible-Asset is 2.51%, which is 72% above median its 10-year median of 1.46 and 2.2% above the Hardware industry median of 2.46. NMS Holdings' overall GF Score™ is 43/100 with 9 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 NMS Holdings (TSE:2162), the current Return-on-Tangible-Asset is 2.51% 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 NMS Holdings (TSE:2162) Overvalued in 2026?
Based on GuruFocus' analysis, NMS Holdings stock appears to be overvalued.
The current stock price of 円537.00 is trading 60.8% above its estimated GF Value™ of 円334.00.
GuruFocus considers NMS Holdings to be Significantly Overvalued.
Key valuation signals for TSE:2162:
Return-on-Tangible-Asset: 2.51% (72% above median its 10-year median of 1.46)
GF Value™: 円334.00 vs. price of 円537.00 (60.8% above fair value)
Industry Position: 2.2% above the Hardware median (#1514 of 2500)
No single metric tells the full story. See the TSE:2162 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NMS Holdings Corp is a Japan-based company. Its business activities are divided into four operating segments including Human resource solution business, Electronics manufacturing service (EMS) business, Vision ( neo EMS ), and Power supply business. The company offers staff members for contract manufacturing, engineer dispatch service, repairs and customer service. Its EMS business offers a wide range of services concerning board assembly through an integrated production process and firm management system. NMS also offers solutions for power supply and power supply-related products.
43GF Score
Get the complete analysis for TSE:2162
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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