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Base FoodTSE:2936 +1.45%55 Return-on-Tangible-Asset is 22.25% as of Feb. 2026. GuruFocus rates TSE:2936 with a GF Score™ of 55/100 and a GF Value™ of 円454.17 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,989 Consumer Packaged Goods companies, Base Food ranks better than 67.72% 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. Base Food's annualizedNet Income for the quarter that ended in Feb. 2026 was 円875 Mil. Base Food's average total tangible assets for the quarter that ended in Feb. 2026 was 円3,933 Mil. Therefore, Base Food's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2026 was 22.25%.
The historical rank and industry rank for Base Food's Return-on-Tangible-Asset or its related term are showing as below:
TSE:2936'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -44.33 Med: -28.78 Max: 6.73
Current: 6.73
During the past 6 years, Base Food's highest Return-on-Tangible-Asset was 6.73%. The lowest was -44.33%. And the median was -28.78%.
TSE:2936's Return-on-Tangible-Asset is ranked better than 67.72% of 1989
companies
in the Consumer Packaged Goods industry
Industry Median: 3.52
vs TSE:2936: 6.73
Base Food (TSE:2936) 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.
Base Food Return-on-Tangible-Asset Related Terms
Base Food Return-on-Tangible-Asset Historical Data
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The historical data trend for Base Food'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:2936 vs KHC, GIS: Return-on-Tangible-Asset Comparison
For the Packaged Foods subindustry, Base Food'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.
Base Food Return-on-Tangible-Asset vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Base Food's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Base Food'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 (Feb. 2026) net income data.
What does a Return-on-Tangible-Asset of 22.25% mean?
Base Food (TSE:2936) has a Return-on-Tangible-Asset of 22.25% as of Feb. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Base Food and its competitors. According to the industry distribution chart, Base Food ranks #642 out of 1989 companies in the Consumer Packaged Goods industry, placing it in the top 32.3%.
Is Base Food's Return-on-Tangible-Asset too high?
Base Food's current Return-on-Tangible-Asset is 22.25%. The Consumer Packaged Goods industry median Return-on-Tangible-Asset is 3.52. Base Food's value of 22.25% is 532.1% above this industry median. Based on the distribution chart, Base Food ranks #642 out of 1989 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Base Food has a GF Score™ of 55/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Base Food's Return-on-Tangible-Asset compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Base Food ranks #642 out of 1989 companies for Return-on-Tangible-Asset. This puts Base Food in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.52. Base Food's value of 22.25% is 532.1% above this benchmark. 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. Base Food's current Return-on-Tangible-Asset of 22.25% is 532.1% 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 Base Food 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. Base Food's current Return-on-Tangible-Asset is 22.25%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Base Food stock overvalued right now?
Based on GuruFocus' analysis, Base Food (TSE:2936) is currently considered Significantly Undervalued. The stock's GF Value™ is 円454.17, compared to a current price of 円279.00 — trading 38.6% below its estimated fair value. The current Return-on-Tangible-Asset is 22.25% and 532.1% above the Consumer Packaged Goods industry median of 3.52. Base Food's overall GF Score™ is 55/100 with 5 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 Base Food (TSE:2936), the current Return-on-Tangible-Asset is 22.25% as of Feb. 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 Base Food (TSE:2936) Overvalued in 2026?
Based on GuruFocus' analysis, Base Food stock appears to be undervalued.
The current stock price of 円279.00 is trading 38.6% below its estimated GF Value™ of 円454.17.
GuruFocus considers Base Food to be Significantly Undervalued.
Key valuation signals for TSE:2936:
Return-on-Tangible-Asset: 22.25%
GF Value™: 円454.17 vs. price of 円279.00 (38.6% below fair value)
Industry Position: 532.1% above the Consumer Packaged Goods median (#642 of 1989)
No single metric tells the full story. See the TSE:2936 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Base Food Inc is engaged in the development and sale of complete nutrition food. The company offers base bread, base pasta and base cookies related products.
55GF Score
Get the complete analysis for TSE:2936
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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