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Shinobu Foods Products CoTSE:2903 -0.50%63 Return-on-Tangible-Asset is 4.53% as of Mar. 2026, which is 37% above its 10-year median of 3.31. GuruFocus rates TSE:2903 with a GF Score™ of 63/100 and a GF Value™ of 円1,272.87 (Modestly Overvalued). Among 1,989 Consumer Packaged Goods companies, Shinobu Foods Products Co ranks better than 62.8% 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. Shinobu Foods Products Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円1,306 Mil. Shinobu Foods Products Co's average total tangible assets for the quarter that ended in Mar. 2026 was 円28,799 Mil. Therefore, Shinobu Foods Products Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 4.53%.
The historical rank and industry rank for Shinobu Foods Products Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:2903'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.34 Med: 3.31 Max: 5.88
Current: 5.85
During the past 13 years, Shinobu Foods Products Co's highest Return-on-Tangible-Asset was 5.88%. The lowest was 0.34%. And the median was 3.31%.
TSE:2903's Return-on-Tangible-Asset is ranked better than 62.8% of 1989
companies
in the Consumer Packaged Goods industry
Industry Median: 3.52
vs TSE:2903: 5.85
Shinobu Foods Products Co (TSE:2903) 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.
Shinobu Foods Products Co Return-on-Tangible-Asset Related Terms
Shinobu Foods Products Co Return-on-Tangible-Asset Historical Data
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The historical data trend for Shinobu Foods Products Co'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.
Shinobu Foods Products Co Return-on-Tangible-Asset Chart
TSE:2903 vs KHC, GIS: Return-on-Tangible-Asset Comparison
For the Packaged Foods subindustry, Shinobu Foods Products Co'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.
Shinobu Foods Products Co Return-on-Tangible-Asset vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Shinobu Foods Products Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Shinobu Foods Products Co'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 4.53% mean?
Shinobu Foods Products Co (TSE:2903) has a Return-on-Tangible-Asset of 4.53% 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 Shinobu Foods Products Co and its competitors. This is 37% above median its historical median of 3.31. Over the past decade, Shinobu Foods Products Co's Return-on-Tangible-Asset has ranged from 0.34 to 5.88. According to the industry distribution chart, Shinobu Foods Products Co ranks #740 out of 1989 companies in the Consumer Packaged Goods industry, placing it in the top 37.2%.
Is Shinobu Foods Products Co's Return-on-Tangible-Asset too high?
Shinobu Foods Products Co's current Return-on-Tangible-Asset of 4.53% is 37% above median its 10-year median of 3.31. Over the past 10 years, this metric has ranged from a low of 0.34 to a high of 5.88. The Consumer Packaged Goods industry median Return-on-Tangible-Asset is 3.52. Shinobu Foods Products Co's value of 4.53% is 28.7% above this industry median. Based on the distribution chart, Shinobu Foods Products Co ranks #740 out of 1989 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Shinobu Foods Products Co has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shinobu Foods Products Co's Return-on-Tangible-Asset compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Shinobu Foods Products Co ranks #740 out of 1989 companies for Return-on-Tangible-Asset. This puts Shinobu Foods Products Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.52. Shinobu Foods Products Co's value of 4.53% is 28.7% above this benchmark. Historically, Shinobu Foods Products Co's own Return-on-Tangible-Asset has ranged from 0.34 to 5.88 over the past decade. While the company's 10-year median is 3.31 vs. the industry median of 3.52, Shinobu Foods Products Co 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 Consumer Packaged Goods company?
The median Return-on-Tangible-Asset among Consumer Packaged Goods companies is 3.52, based on 1,989 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. Shinobu Foods Products Co's current Return-on-Tangible-Asset of 4.53% is 28.7% 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 Shinobu Foods Products Co and its competitors. For the Consumer Packaged Goods industry, the median Return-on-Tangible-Asset is 3.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shinobu Foods Products Co's current Return-on-Tangible-Asset is 4.53%, which is 37% above median its own 10-year median of 3.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shinobu Foods Products Co stock overvalued right now?
Based on GuruFocus' analysis, Shinobu Foods Products Co (TSE:2903) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,272.87, compared to a current price of 円1,592.00 — trading 25.1% above its estimated fair value. The current Return-on-Tangible-Asset is 4.53%, which is 37% above median its 10-year median of 3.31 and 28.7% above the Consumer Packaged Goods industry median of 3.52. Shinobu Foods Products Co's overall GF Score™ is 63/100. 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 Shinobu Foods Products Co (TSE:2903), the current Return-on-Tangible-Asset is 4.53% 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 Shinobu Foods Products Co (TSE:2903) Overvalued in 2026?
Based on GuruFocus' analysis, Shinobu Foods Products Co stock appears to be overvalued.
The current stock price of 円1,592.00 is trading 25.1% above its estimated GF Value™ of 円1,272.87.
GuruFocus considers Shinobu Foods Products Co to be Modestly Overvalued.
Key valuation signals for TSE:2903:
Return-on-Tangible-Asset: 4.53% (37% above median its 10-year median of 3.31)
GF Value™: 円1,272.87 vs. price of 円1,592.00 (25.1% above fair value)
Industry Position: 28.7% above the Consumer Packaged Goods median (#740 of 1989)
No single metric tells the full story. See the TSE:2903 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shinobu Foods Products Co Ltd is a Japanese food company. It offers processed food products. The product portfolio of the company includes Onigiri Q, Mckee bar, rice ball onigiri, fluffy rice ball, cabbage dinner meal box and others.
63GF Score
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