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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. Meiji Holdings Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円-14,972 Mil. Meiji Holdings Co's average total tangible assets for the quarter that ended in Mar. 2026 was 円1,261,976 Mil. Therefore, Meiji Holdings Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -1.19%.
The historical rank and industry rank for Meiji Holdings Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:2269'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.88 Med: 6.5 Max: 8.14
Current: 2.88
During the past 13 years, Meiji Holdings Co's highest Return-on-Tangible-Asset was 8.14%. The lowest was 2.88%. And the median was 6.50%.
TSE:2269's Return-on-Tangible-Asset is ranked worse than 54.26% of 1996
companies
in the Consumer Packaged Goods industry
Industry Median: 3.485
vs TSE:2269: 2.88
Meiji Holdings Co (TSE:2269) 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.
Meiji Holdings Co Return-on-Tangible-Asset Related Terms
Meiji Holdings Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Meiji Holdings 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:2269 vs KHC, GIS: Return-on-Tangible-Asset Comparison
For the Packaged Foods subindustry, Meiji Holdings 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.
Meiji Holdings Co Return-on-Tangible-Asset vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Meiji Holdings Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Meiji Holdings 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 -1.19% mean?
Meiji Holdings Co (TSE:2269) has a Return-on-Tangible-Asset of -1.19% 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 Meiji Holdings Co and its competitors. Over the past decade, Meiji Holdings Co's Return-on-Tangible-Asset has ranged from 2.88 to 8.14. According to the industry distribution chart, Meiji Holdings Co ranks #1083 out of 1996 companies in the Consumer Packaged Goods industry, placing it in the top 54.3%.
Is Meiji Holdings Co's Return-on-Tangible-Asset too high?
Meiji Holdings Co's current Return-on-Tangible-Asset is -1.19%. Over the past 10 years, this metric has ranged from a low of 2.88 to a high of 8.14. Based on the distribution chart, Meiji Holdings Co ranks #1083 out of 1996 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Meiji Holdings Co has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Meiji Holdings Co's Return-on-Tangible-Asset compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Meiji Holdings Co ranks #1083 out of 1996 companies for Return-on-Tangible-Asset. This places Meiji Holdings Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.49. Historically, Meiji Holdings Co's own Return-on-Tangible-Asset has ranged from 2.88 to 8.14 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 Consumer Packaged Goods company?
The median Return-on-Tangible-Asset among Consumer Packaged Goods companies is 3.49, based on 1,996 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 Meiji Holdings Co and its competitors. For the Consumer Packaged Goods industry, the median Return-on-Tangible-Asset is 3.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Meiji Holdings Co's current Return-on-Tangible-Asset is -1.19%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meiji Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Meiji Holdings Co (TSE:2269) is currently considered Fairly Valued. The stock's GF Value™ is 円3,767.85, compared to a current price of 円3,789.00 — trading 0.6% above its estimated fair value. The current Return-on-Tangible-Asset is -1.19%. Meiji Holdings Co's overall GF Score™ is 67/100 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 Meiji Holdings Co (TSE:2269), the current Return-on-Tangible-Asset is -1.19% 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 Meiji Holdings Co (TSE:2269) Overvalued in 2026?
Based on GuruFocus' analysis, Meiji Holdings Co stock appears to be overvalued.
The current stock price of 円3,789.00 is trading 0.6% above its estimated GF Value™ of 円3,767.85.
GuruFocus considers Meiji Holdings Co to be Fairly Valued.
Key valuation signals for TSE:2269:
Return-on-Tangible-Asset: -1.19%
GF Value™: 円3,767.85 vs. price of 円3,789.00 (0.6% above fair value)
No single metric tells the full story. See the TSE:2269 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Meiji Holdings was established in 2009 as a merged entity of Meiji Dairies, Japan's largest dairy company, and Meiji Seika, the country's number-two confectionery maker. A surge in commodity prices, Japan's aging and shrinking population, and fierce competition propelled the amalgamation. The food business—dairy, cacao, nutrition, and food solutions—represents about 80% of the group's sales and 70% of profits. The rest comes from the pharmaceutical business, specializing in antibacterial and generic drugs, as well as vaccines. Overseas food operations, mainly in China, the US, and Southeast Asia, constitute merely 6.5% of the group's sales, which are in the red due to a surge in investment in China's new factories and fierce price competition initiated by Chinese dairymakers.
67GF Score
Get the complete analysis for TSE:2269
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