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CSS HOLDINGSTSE:2304 +0.75%68 Return-on-Tangible-Asset is 12.67% as of Mar. 2026, which is 435% above its 10-year median of 2.37. GuruFocus rates TSE:2304 with a GF Score™ of 68/100 and a GF Value™ of 円1,105.02 (Modestly Undervalued). Among 1,093 Business Services companies, CSS HOLDINGS ranks better than 77.77% 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. CSS HOLDINGS's annualizedNet Income for the quarter that ended in Mar. 2026 was 円839 Mil. CSS HOLDINGS's average total tangible assets for the quarter that ended in Mar. 2026 was 円6,621 Mil. Therefore, CSS HOLDINGS's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 12.67%.
The historical rank and industry rank for CSS HOLDINGS's Return-on-Tangible-Asset or its related term are showing as below:
TSE:2304'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -8.35 Med: 2.37 Max: 10.55
Current: 10.55
During the past 13 years, CSS HOLDINGS's highest Return-on-Tangible-Asset was 10.55%. The lowest was -8.35%. And the median was 2.37%.
TSE:2304's Return-on-Tangible-Asset is ranked better than 77.77% of 1093
companies
in the Business Services industry
Industry Median: 4.08
vs TSE:2304: 10.55
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.
CSS HOLDINGS Return-on-Tangible-Asset Related Terms
CSS HOLDINGS Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for CSS 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:2304 vs CTAS, CPRT, GPN: Return-on-Tangible-Asset Comparison
For the Specialty Business Services subindustry, CSS 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.
CSS HOLDINGS Return-on-Tangible-Asset vs Business Services Industry
For the Business Services industry and Industrials sector, CSS HOLDINGS's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where CSS 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 12.67% mean?
CSS HOLDINGS (TSE:2304) has a Return-on-Tangible-Asset of 12.67% 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 CSS HOLDINGS and its competitors. This is 435% above median its historical median of 2.37. According to the industry distribution chart, CSS HOLDINGS ranks #243 out of 1093 companies in the Business Services industry, placing it in the top 22.2%.
Is CSS HOLDINGS's Return-on-Tangible-Asset too high?
CSS HOLDINGS's current Return-on-Tangible-Asset of 12.67% is 435% above median its 10-year median of 2.37. The Business Services industry median Return-on-Tangible-Asset is 4.08. CSS HOLDINGS's value of 12.67% is 210.5% above this industry median. Based on the distribution chart, CSS HOLDINGS ranks #243 out of 1093 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, CSS HOLDINGS has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CSS HOLDINGS's Return-on-Tangible-Asset compare to CTAS and CPRT?
According to the Business Services industry distribution chart, CSS HOLDINGS ranks #243 out of 1093 companies for Return-on-Tangible-Asset. This places CSS HOLDINGS in the top 22% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 4.08. CSS HOLDINGS's value of 12.67% is 210.5% above this benchmark. While the company's 10-year median is 2.37 vs. the industry median of 4.08, CSS 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 Business Services company?
The median Return-on-Tangible-Asset among Business Services companies is 4.08, based on 1,093 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. CSS HOLDINGS's current Return-on-Tangible-Asset of 12.67% is 210.5% 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 CSS HOLDINGS and its competitors. For the Business Services industry, the median Return-on-Tangible-Asset is 4.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CSS HOLDINGS's current Return-on-Tangible-Asset is 12.67%, which is 435% above median its own 10-year median of 2.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CSS HOLDINGS stock overvalued right now?
Based on GuruFocus' analysis, CSS HOLDINGS (TSE:2304) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,105.02, compared to a current price of 円940.00 — trading 14.9% below its estimated fair value. The current Return-on-Tangible-Asset is 12.67%, which is 435% above median its 10-year median of 2.37 and 210.5% above the Business Services industry median of 4.08. CSS HOLDINGS's overall GF Score™ is 68/100. 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 CSS HOLDINGS (TSE:2304), the current Return-on-Tangible-Asset is 12.67% 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 CSS HOLDINGS (TSE:2304) Overvalued in 2026?
Based on GuruFocus' analysis, CSS HOLDINGS stock appears to be undervalued.
The current stock price of 円940.00 is trading 14.9% below its estimated GF Value™ of 円1,105.02.
GuruFocus considers CSS HOLDINGS to be Modestly Undervalued.
Key valuation signals for TSE:2304:
Return-on-Tangible-Asset: 12.67% (435% above median its 10-year median of 2.37)
GF Value™: 円1,105.02 vs. price of 円940.00 (14.9% below fair value)
Industry Position: 210.5% above the Business Services median (#243 of 1093)
No single metric tells the full story. See the TSE:2304 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CSS HOLDINGS Ltd is a holding company engaged in the operation and management of its group companies. It operates Steward Business; dishwashing and management work centered on hotels and restaurants, Food Business; which handles employee cafeteria and restaurant management contracts through its subsidiaries, Space Produce Business; designs, constructs, manages, and sells items related to video, audio, broadcasting and security, and Others includes general affairs, personnel, and management related business.
68GF Score
Get the complete analysis for TSE:2304
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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