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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Vector HoldingsTSE:2656 +3.01%38 Return-on-Tangible-Asset is -47.69% as of Mar. 2026. GuruFocus rates TSE:2656 with a GF Score™ of 38/100 and a GF Value™ of 円92.25 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,029 Media - Diversified companies, Vector Holdings ranks worse than 94.95% 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. Vector Holdings's annualizedNet Income for the quarter that ended in Mar. 2026 was 円-403.8 Mil. Vector Holdings's average total tangible assets for the quarter that ended in Mar. 2026 was 円846.7 Mil. Therefore, Vector Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -47.69%.
The historical rank and industry rank for Vector Holdings's Return-on-Tangible-Asset or its related term are showing as below:
TSE:2656'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -114.01 Med: -23 Max: 2.97
Current: -83.78
During the past 13 years, Vector Holdings's highest Return-on-Tangible-Asset was 2.97%. The lowest was -114.01%. And the median was -23.00%.
TSE:2656's Return-on-Tangible-Asset is ranked worse than 94.95% of 1029
companies
in the Media - Diversified industry
Industry Median: 0.82
vs TSE:2656: -83.78
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.
Vector Holdings Return-on-Tangible-Asset Related Terms
Vector Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Vector 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:2656 vs APP, OMC, TTD: Return-on-Tangible-Asset Comparison
For the Advertising Agencies subindustry, Vector 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.
Vector Holdings Return-on-Tangible-Asset vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Vector Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Vector 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 -47.69% mean?
Vector Holdings (TSE:2656) has a Return-on-Tangible-Asset of -47.69% 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 Vector Holdings and its competitors. According to the industry distribution chart, Vector Holdings ranks #977 out of 1029 companies in the Media - Diversified industry, placing it in the top 94.9%.
Is Vector Holdings' Return-on-Tangible-Asset too high?
Vector Holdings' current Return-on-Tangible-Asset is -47.69%. Based on the distribution chart, Vector Holdings ranks #977 out of 1029 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Vector Holdings has a GF Score™ of 38/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vector Holdings' Return-on-Tangible-Asset compare to APP and OMC?
According to the Media - Diversified industry distribution chart, Vector Holdings ranks #977 out of 1029 companies for Return-on-Tangible-Asset. This places Vector Holdings in the lower half of its industry. The industry median Return-on-Tangible-Asset is 0.82. 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 0.82, based on 1,029 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 Vector Holdings and its competitors. For the Media - Diversified industry, the median Return-on-Tangible-Asset is 0.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vector Holdings's current Return-on-Tangible-Asset is -47.69%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vector Holdings stock overvalued right now?
Based on GuruFocus' analysis, Vector Holdings (TSE:2656) is currently considered Significantly Overvalued. The stock's GF Value™ is 円92.25, compared to a current price of 円171.00 — trading 85.4% above its estimated fair value. The current Return-on-Tangible-Asset is -47.69%. Vector Holdings' overall GF Score™ is 38/100 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 Vector Holdings (TSE:2656), the current Return-on-Tangible-Asset is -47.69% 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 Vector Holdings (TSE:2656) Overvalued in 2026?
Based on GuruFocus' analysis, Vector Holdings stock appears to be overvalued.
The current stock price of 円171.00 is trading 85.4% above its estimated GF Value™ of 円92.25.
GuruFocus considers Vector Holdings to be Significantly Overvalued.
Key valuation signals for TSE:2656:
Return-on-Tangible-Asset: -47.69%
GF Value™: 円92.25 vs. price of 円171.00 (85.4% above fair value)
No single metric tells the full story. See the TSE:2656 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vector Holdings Inc, formerly Vector Inc is engaged in the operation and sales, and marketing of online games. Marketing includes PC software download license sales. Advertisement sales consist of site banner advertisement space and mail magazine advertisement space. It even downloads sales and licensing of software for the PC.
38GF Score
Get the complete analysis for TSE:2656
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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