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Tomen DevicesTSE:2737 -2.14%68 Return-on-Tangible-Asset is 3.96% as of Mar. 2026, which is 10% above its 10-year median of 3.60. GuruFocus rates TSE:2737 with a GF Score™ of 68/100 and a GF Value™ of 円10,444.52 (Significantly Overvalued). The stock has 12 warning signs investors should review. Among 1,034 Semiconductors companies, Tomen Devices ranks better than 56.48% 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. Tomen Devices's annualizedNet Income for the quarter that ended in Mar. 2026 was 円10,472 Mil. Tomen Devices's average total tangible assets for the quarter that ended in Mar. 2026 was 円264,755 Mil. Therefore, Tomen Devices's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 3.96%.
The historical rank and industry rank for Tomen Devices's Return-on-Tangible-Asset or its related term are showing as below:
TSE:2737'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.77 Med: 3.6 Max: 5.39
Current: 4.67
During the past 13 years, Tomen Devices's highest Return-on-Tangible-Asset was 5.39%. The lowest was 1.77%. And the median was 3.60%.
TSE:2737's Return-on-Tangible-Asset is ranked better than 56.48% of 1034
companies
in the Semiconductors industry
Industry Median: 3.325
vs TSE:2737: 4.67
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.
Tomen Devices Return-on-Tangible-Asset Related Terms
Tomen Devices Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Tomen Devices'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:2737 vs NVDA, AVGO, MU: Return-on-Tangible-Asset Comparison
For the Semiconductors subindustry, Tomen Devices'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.
Tomen Devices Return-on-Tangible-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Tomen Devices's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Tomen Devices'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 two times the semi-annual (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 3.96% mean?
Tomen Devices (TSE:2737) has a Return-on-Tangible-Asset of 3.96% 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 Tomen Devices and its competitors. This is 10% above median its historical median of 3.60. Over the past decade, Tomen Devices' Return-on-Tangible-Asset has ranged from 1.77 to 5.39. According to the industry distribution chart, Tomen Devices ranks #450 out of 1034 companies in the Semiconductors industry, placing it in the top 43.5%.
Is Tomen Devices' Return-on-Tangible-Asset too high?
Tomen Devices' current Return-on-Tangible-Asset of 3.96% is 10% above median its 10-year median of 3.60. Over the past 10 years, this metric has ranged from a low of 1.77 to a high of 5.39. The Semiconductors industry median Return-on-Tangible-Asset is 3.33. Tomen Devices' value of 3.96% is 19.1% above this industry median. Based on the distribution chart, Tomen Devices ranks #450 out of 1034 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Tomen Devices has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tomen Devices' Return-on-Tangible-Asset compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Tomen Devices ranks #450 out of 1034 companies for Return-on-Tangible-Asset. This puts Tomen Devices in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.33. Tomen Devices' value of 3.96% is 19.1% above this benchmark. Historically, Tomen Devices' own Return-on-Tangible-Asset has ranged from 1.77 to 5.39 over the past decade. While the company's 10-year median is 3.60 vs. the industry median of 3.33, Tomen Devices 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 Semiconductors company?
The median Return-on-Tangible-Asset among Semiconductors companies is 3.33, based on 1,034 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. Tomen Devices's current Return-on-Tangible-Asset of 3.96% is 19.1% 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 Tomen Devices and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Asset is 3.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tomen Devices's current Return-on-Tangible-Asset is 3.96%, which is 10% above median its own 10-year median of 3.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tomen Devices stock overvalued right now?
Based on GuruFocus' analysis, Tomen Devices (TSE:2737) is currently considered Significantly Overvalued. The stock's GF Value™ is 円10,444.52, compared to a current price of 円28,350.00 — trading 171.4% above its estimated fair value. The current Return-on-Tangible-Asset is 3.96%, which is 10% above median its 10-year median of 3.60 and 19.1% above the Semiconductors industry median of 3.33. Tomen Devices' overall GF Score™ is 68/100 with 12 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 Tomen Devices (TSE:2737), the current Return-on-Tangible-Asset is 3.96% 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 Tomen Devices (TSE:2737) Overvalued in 2026?
Based on GuruFocus' analysis, Tomen Devices stock appears to be overvalued.
The current stock price of 円28,350.00 is trading 171.4% above its estimated GF Value™ of 円10,444.52.
GuruFocus considers Tomen Devices to be Significantly Overvalued.
Key valuation signals for TSE:2737:
Return-on-Tangible-Asset: 3.96% (10% above median its 10-year median of 3.60)
GF Value™: 円10,444.52 vs. price of 円28,350.00 (171.4% above fair value)
Industry Position: 19.1% above the Semiconductors median (#450 of 1034)
No single metric tells the full story. See the TSE:2737 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tomen Devices Corp is a Japan-based company operating in the semiconductor sector. The company is mainly engaged in the production and sales of semiconductors and electronic parts. It offers memory products, system large scale integration (LSI) products, thin film transistor (TFT), liquid crystal panels and fluorescent display tubes.
68GF Score
Get the complete analysis for TSE:2737
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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