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Fan CommunicationsTSE:2461 +1.53%67 Return-on-Tangible-Asset is 5.47% as of Dec. 2025, which is 23% below its 10-year median of 7.09. GuruFocus rates TSE:2461 with a GF Score™ of 67/100 and a GF Value™ of 円398.16 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,028 Media - Diversified companies, Fan Communications ranks better than 69.75% 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. Fan Communications's annualizedNet Income for the quarter that ended in Dec. 2025 was 円1,194 Mil. Fan Communications's average total tangible assets for the quarter that ended in Dec. 2025 was 円21,816 Mil. Therefore, Fan Communications's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 5.47%.
The historical rank and industry rank for Fan Communications's Return-on-Tangible-Asset or its related term are showing as below:
TSE:2461'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.75 Med: 7.09 Max: 17.76
Current: 4.75
During the past 13 years, Fan Communications's highest Return-on-Tangible-Asset was 17.76%. The lowest was 4.75%. And the median was 7.09%.
TSE:2461's Return-on-Tangible-Asset is ranked better than 69.75% of 1028
companies
in the Media - Diversified industry
Industry Median: 0.805
vs TSE:2461: 4.75
Fan Communications (TSE:2461) 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.
Fan Communications Return-on-Tangible-Asset Related Terms
Fan Communications Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Fan Communications'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:2461 vs APP, OMC, TTD: Return-on-Tangible-Asset Comparison
For the Advertising Agencies subindustry, Fan Communications'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.
Fan Communications Return-on-Tangible-Asset vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Fan Communications's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Fan Communications'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 (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 5.47% mean?
Fan Communications (TSE:2461) has a Return-on-Tangible-Asset of 5.47% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Fan Communications and its competitors. This is 23% below median its historical median of 7.09. Over the past decade, Fan Communications' Return-on-Tangible-Asset has ranged from 4.75 to 17.76. According to the industry distribution chart, Fan Communications ranks #311 out of 1028 companies in the Media - Diversified industry, placing it in the top 30.3%.
Is Fan Communications' Return-on-Tangible-Asset too high?
Fan Communications' current Return-on-Tangible-Asset of 5.47% is 23% below median its 10-year median of 7.09. Over the past 10 years, this metric has ranged from a low of 4.75 to a high of 17.76. The Media - Diversified industry median Return-on-Tangible-Asset is 0.81. Fan Communications' value of 5.47% is 579.5% above this industry median. Based on the distribution chart, Fan Communications ranks #311 out of 1028 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, Fan Communications has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fan Communications' Return-on-Tangible-Asset compare to APP and OMC?
According to the Media - Diversified industry distribution chart, Fan Communications ranks #311 out of 1028 companies for Return-on-Tangible-Asset. This puts Fan Communications in the upper half of its industry. The industry median Return-on-Tangible-Asset is 0.81. Fan Communications' value of 5.47% is 579.5% above this benchmark. Historically, Fan Communications' own Return-on-Tangible-Asset has ranged from 4.75 to 17.76 over the past decade. While the company's 10-year median is 7.09 vs. the industry median of 0.81, Fan Communications 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 Media - Diversified company?
The median Return-on-Tangible-Asset among Media - Diversified companies is 0.81, based on 1,028 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. Fan Communications's current Return-on-Tangible-Asset of 5.47% is 579.5% 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 Fan Communications and its competitors. For the Media - Diversified industry, the median Return-on-Tangible-Asset is 0.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fan Communications's current Return-on-Tangible-Asset is 5.47%, which is 23% below median its own 10-year median of 7.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fan Communications stock overvalued right now?
Based on GuruFocus' analysis, Fan Communications (TSE:2461) is currently considered Fairly Valued. The stock's GF Value™ is 円398.16, compared to a current price of 円399.00 — trading 0.2% above its estimated fair value. The current Return-on-Tangible-Asset is 5.47%, which is 23% below median its 10-year median of 7.09 and 579.5% above the Media - Diversified industry median of 0.81. Fan Communications' overall GF Score™ is 67/100 with 3 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 Fan Communications (TSE:2461), the current Return-on-Tangible-Asset is 5.47% as of Dec. 2025. 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 Fan Communications (TSE:2461) Overvalued in 2026?
Based on GuruFocus' analysis, Fan Communications stock appears to be overvalued.
The current stock price of 円399.00 is trading 0.2% above its estimated GF Value™ of 円398.16.
GuruFocus considers Fan Communications to be Fairly Valued.
Key valuation signals for TSE:2461:
Return-on-Tangible-Asset: 5.47% (23% below median its 10-year median of 7.09)
GF Value™: 円398.16 vs. price of 円399.00 (0.2% above fair value)
Industry Position: 579.5% above the Media - Diversified median (#311 of 1028)
No single metric tells the full story. See the TSE:2461 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fan Communications Inc is a Japanese Internet marketing company. The company is developing Internet advertising-related businesses. It has its own media operation and advertising agency and is mainly involved in Internet-based performance marketing ad network services. Its product and services are divided into cost per action ad network business (affiliate advertising, smartphone app install advertising) and cost per click/targeting ad network business (smartphone and network, behavioral targeting supply-side platforms). The company provides advertising through A8.net affiliate advertising service platform and A8app a smartphone application to install for promotions.
67GF Score
Get the complete analysis for TSE:2461
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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