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Olba DVx HealthcareTSE:2689 +0.74%62 Return-on-Tangible-Asset is 7.26% as of Mar. 2026, which is 136% above its 10-year median of 3.07. GuruFocus rates TSE:2689 with a GF Score™ of 62/100 and a GF Value™ of 円2,159.64 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 120 Medical Distribution companies, Olba DVx Healthcare ranks worse than 55% 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. Olba DVx Healthcare's annualizedNet Income for the quarter that ended in Mar. 2026 was 円3,488 Mil. Olba DVx Healthcare's average total tangible assets for the quarter that ended in Mar. 2026 was 円48,064 Mil. Therefore, Olba DVx Healthcare's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 7.26%.
The historical rank and industry rank for Olba DVx Healthcare's Return-on-Tangible-Asset or its related term are showing as below:
TSE:2689'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.98 Med: 3.07 Max: 4.09
Current: 2.38
During the past 13 years, Olba DVx Healthcare's highest Return-on-Tangible-Asset was 4.09%. The lowest was 0.98%. And the median was 3.07%.
TSE:2689's Return-on-Tangible-Asset is ranked worse than 55% of 120
companies
in the Medical Distribution industry
Industry Median: 2.58
vs TSE:2689: 2.38
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.
Olba DVx Healthcare Return-on-Tangible-Asset Related Terms
Olba DVx Healthcare Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Olba DVx Healthcare'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:2689 vs MCK, COR, CAH: Return-on-Tangible-Asset Comparison
For the Medical Distribution subindustry, Olba DVx Healthcare'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.
Olba DVx Healthcare Return-on-Tangible-Asset vs Medical Distribution Industry
For the Medical Distribution industry and Healthcare sector, Olba DVx Healthcare's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Olba DVx Healthcare'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 7.26% mean?
Olba DVx Healthcare (TSE:2689) has a Return-on-Tangible-Asset of 7.26% 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 Olba DVx Healthcare and its competitors. This is 136% above median its historical median of 3.07. Over the past decade, Olba DVx Healthcare's Return-on-Tangible-Asset has ranged from 0.98 to 4.09. According to the industry distribution chart, Olba DVx Healthcare ranks #66 out of 120 companies in the Medical Distribution industry, placing it in the top 55%.
Is Olba DVx Healthcare's Return-on-Tangible-Asset too high?
Olba DVx Healthcare's current Return-on-Tangible-Asset of 7.26% is 136% above median its 10-year median of 3.07. Over the past 10 years, this metric has ranged from a low of 0.98 to a high of 4.09. The Medical Distribution industry median Return-on-Tangible-Asset is 2.58. Olba DVx Healthcare's value of 7.26% is 181.4% above this industry median. Based on the distribution chart, Olba DVx Healthcare ranks #66 out of 120 companies in the Medical Distribution industry, which is below the industry midpoint. Overall, Olba DVx Healthcare has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Olba DVx Healthcare's Return-on-Tangible-Asset compare to MCK and COR?
According to the Medical Distribution industry distribution chart, Olba DVx Healthcare ranks #66 out of 120 companies for Return-on-Tangible-Asset. This places Olba DVx Healthcare in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.58. Olba DVx Healthcare's value of 7.26% is 181.4% above this benchmark. Historically, Olba DVx Healthcare's own Return-on-Tangible-Asset has ranged from 0.98 to 4.09 over the past decade. While the company's 10-year median is 3.07 vs. the industry median of 2.58, Olba DVx Healthcare 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 Medical Distribution company?
The median Return-on-Tangible-Asset among Medical Distribution companies is 2.58, based on 120 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. Olba DVx Healthcare's current Return-on-Tangible-Asset of 7.26% is 181.4% 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 Olba DVx Healthcare and its competitors. For the Medical Distribution industry, the median Return-on-Tangible-Asset is 2.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Olba DVx Healthcare's current Return-on-Tangible-Asset is 7.26%, which is 136% above median its own 10-year median of 3.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Olba DVx Healthcare stock overvalued right now?
Based on GuruFocus' analysis, Olba DVx Healthcare (TSE:2689) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,159.64, compared to a current price of 円1,895.00 — trading 12.3% below its estimated fair value. The current Return-on-Tangible-Asset is 7.26%, which is 136% above median its 10-year median of 3.07 and 181.4% above the Medical Distribution industry median of 2.58. Olba DVx Healthcare's overall GF Score™ is 62/100 with 2 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 Olba DVx Healthcare (TSE:2689), the current Return-on-Tangible-Asset is 7.26% 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 Olba DVx Healthcare (TSE:2689) Overvalued in 2026?
Based on GuruFocus' analysis, Olba DVx Healthcare stock appears to be undervalued.
The current stock price of 円1,895.00 is trading 12.3% below its estimated GF Value™ of 円2,159.64.
GuruFocus considers Olba DVx Healthcare to be Modestly Undervalued.
Key valuation signals for TSE:2689:
Return-on-Tangible-Asset: 7.26% (136% above median its 10-year median of 3.07)
GF Value™: 円2,159.64 vs. price of 円1,895.00 (12.3% below fair value)
Industry Position: 181.4% above the Medical Distribution median (#66 of 120)
No single metric tells the full story. See the TSE:2689 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Olba Healthcare Holdings Inc is a Japan-based holding company that engages in the wholesale distribution of medical diagnostic equipment and medical materials. It operates through the following business divisions: Medical Equipment, Supply, Processing, and Distribution (SPD), and Nursing Care Products.
62GF Score
Get the complete analysis for TSE:2689
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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