Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
Reiwa Accounting Holdings CoTSE:296A -0.69%24 Return-on-Tangible-Asset is 46.21% as of Mar. 2026, which is 211% above its 10-year median of 14.86. GuruFocus rates TSE:296A with a GF Score™ of 24/100. The stock has 4 warning signs investors should review. Among 1,094 Business Services companies, Reiwa Accounting Holdings Co ranks better than 98.54% on this metric.
The historical rank and industry rank for Reiwa Accounting Holdings Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:296A'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 5.84 Med: 14.86 Max: 35.19
Current: 35.19
During the past 4 years, Reiwa Accounting Holdings Co's highest Return-on-Tangible-Asset was 35.19%. The lowest was 5.84%. And the median was 14.86%.
TSE:296A's Return-on-Tangible-Asset is ranked better than 98.54% of 1094
companies
in the Business Services industry
Industry Median: 3.98
vs TSE:296A: 35.19
Reiwa Accounting Holdings Co (TSE:296A) 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.
Reiwa Accounting Holdings Co Return-on-Tangible-Asset Related Terms
Reiwa Accounting Holdings Co Return-on-Tangible-Asset Historical Data
* 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.
Reiwa Accounting Holdings Co Return-on-Tangible-Asset Chart
TSE:296A vs CTAS, CPRT, GPN: Return-on-Tangible-Asset Comparison
For the Specialty Business Services subindustry, Reiwa Accounting Holdings 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.
Reiwa Accounting Holdings Co Return-on-Tangible-Asset vs Business Services Industry
For the Business Services industry and Industrials sector, Reiwa Accounting Holdings Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Reiwa Accounting Holdings 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 46.21% mean?
Reiwa Accounting Holdings Co (TSE:296A) has a Return-on-Tangible-Asset of 46.21% 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 Reiwa Accounting Holdings Co and its competitors. This is 211% above median its historical median of 14.86. Over the past decade, Reiwa Accounting Holdings Co's Return-on-Tangible-Asset has ranged from 5.84 to 35.19. According to the industry distribution chart, Reiwa Accounting Holdings Co ranks #16 out of 1094 companies in the Business Services industry, placing it in the top 1.5%.
Is Reiwa Accounting Holdings Co's Return-on-Tangible-Asset too high?
Reiwa Accounting Holdings Co's current Return-on-Tangible-Asset of 46.21% is 211% above median its 10-year median of 14.86. Over the past 10 years, this metric has ranged from a low of 5.84 to a high of 35.19. The Business Services industry median Return-on-Tangible-Asset is 3.98. Reiwa Accounting Holdings Co's value of 46.21% is 1061.1% above this industry median. Based on the distribution chart, Reiwa Accounting Holdings Co ranks #16 out of 1094 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Reiwa Accounting Holdings Co has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Reiwa Accounting Holdings Co's Return-on-Tangible-Asset compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Reiwa Accounting Holdings Co ranks #16 out of 1094 companies for Return-on-Tangible-Asset. This places Reiwa Accounting Holdings Co in the top 2% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.98. Reiwa Accounting Holdings Co's value of 46.21% is 1061.1% above this benchmark. Historically, Reiwa Accounting Holdings Co's own Return-on-Tangible-Asset has ranged from 5.84 to 35.19 over the past decade. While the company's 10-year median is 14.86 vs. the industry median of 3.98, Reiwa Accounting Holdings 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 Business Services company?
The median Return-on-Tangible-Asset among Business Services companies is 3.98, based on 1,094 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. Reiwa Accounting Holdings Co's current Return-on-Tangible-Asset of 46.21% is 1061.1% 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 Reiwa Accounting Holdings Co and its competitors. For the Business Services industry, the median Return-on-Tangible-Asset is 3.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Reiwa Accounting Holdings Co's current Return-on-Tangible-Asset is 46.21%, which is 211% above median its own 10-year median of 14.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Reiwa Accounting Holdings Co stock overvalued right now?
Reiwa Accounting Holdings Co (TSE:296A) has a current Return-on-Tangible-Asset of 46.21%. The current Return-on-Tangible-Asset is 46.21%, which is 211% above median its 10-year median of 14.86 and 1061.1% above the Business Services industry median of 3.98. Reiwa Accounting Holdings Co's overall GF Score™ is 24/100 with 4 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 Reiwa Accounting Holdings Co (TSE:296A), the current Return-on-Tangible-Asset is 46.21% 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.
Reiwa Accounting Holdings Co Ltd provides comprehensive support to large corporations, firstly publicly listed companies, in daily accounting operations, financial closing, consolidation, disclosure, and M&A support. The company ensures seamless assistance and builds long-term relationships.
24GF Score
Get the complete analysis for TSE:296A
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:296A has been successfully added to your 
