Creal (TSE:2998) Return-on-Tangible-Asset: -1.70% (As of Jun. 2026)

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Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
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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.

TSE:2998 Creal Inc TSE:2998
69 GF Score
Price 円524.00
GF Value 円926.58
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Creal Return-on-Tangible-Asset?

Creal TSE:2998 -0.76% 69 Return-on-Tangible-Asset is -1.70% as of Jun. 2026. GuruFocus rates TSE:2998 with a GF Score™ of 69/100 and a GF Value™ of 円926.58 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,619 Asset Management companies, Creal ranks worse than 57.13% 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. Creal's annualized Net Income for the quarter that ended in Jun. 2026 was 円-717 Mil. Creal's average total tangible assets for the quarter that ended in Jun. 2026 was 円0 Mil. Therefore, Creal's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was -1.70%.

The historical rank and industry rank for Creal's Return-on-Tangible-Asset or its related term are showing as below:

TSE:2998' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.66   Med: 2.26   Max: 4
Current: 3.26

During the past 7 years, Creal's highest Return-on-Tangible-Asset was 4.00%. The lowest was 0.66%. And the median was 2.26%.

TSE:2998's Return-on-Tangible-Asset is ranked worse than
57.13% of 1619 companies
in the Asset Management industry
Industry Median: 4.66 vs TSE:2998: 3.26

Creal  (TSE:2998) 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 company’s 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 company’s 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.


Creal Return-on-Tangible-Asset Related Terms


Creal Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Creal'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.

Creal Return-on-Tangible-Asset Chart

Creal Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Return-on-Tangible-Asset
Get a 7-Day Free Trial 1.73 2.07 2.26 3.05 4.00

Creal Quarterly Data
Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.44 2.55 6.02 5.22 -1.70

TSE:2998 vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison

For the Asset Management subindustry, Creal'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.


Creal Return-on-Tangible-Asset vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Creal's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Creal's Return-on-Tangible-Asset falls into.


TSE:2998
69GF Score
Creal Inc TSE:2998
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Creal Return-on-Tangible-Asset Calculation

Creal's annualized Return-on-Tangible-Asset for the fiscal year that ended in Mar. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=1938.878/( (+)/ 1 )
=1938.878/0
=N/A %

Creal's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jun. 2026 )  (Q: Mar. 2026 )(Q: Jun. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jun. 2026 )  (Q: Mar. 2026 )(Q: Jun. 2026 )
=-716.888/( (+)/ 1 )
=-716.888/0
=N/A %

* 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 (Jun. 2026) net income data.

What does a Return-on-Tangible-Asset of -1.70% mean?
Creal (TSE:2998) has a Return-on-Tangible-Asset of -1.70% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Creal and its competitors. Over the past decade, Creal's Return-on-Tangible-Asset has ranged from 0.66 to 4.00. According to the industry distribution chart, Creal ranks #925 out of 1619 companies in the Asset Management industry, placing it in the top 57.1%.
Is Creal's Return-on-Tangible-Asset too high?
Creal's current Return-on-Tangible-Asset is -1.70%. Over the past 10 years, this metric has ranged from a low of 0.66 to a high of 4.00. Based on the distribution chart, Creal ranks #925 out of 1619 companies in the Asset Management industry, which is below the industry midpoint. Overall, Creal has a GF Score™ of 69/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Creal's Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, Creal ranks #925 out of 1619 companies for Return-on-Tangible-Asset. This places Creal in the lower half of its industry. The industry median Return-on-Tangible-Asset is 4.66. Historically, Creal's own Return-on-Tangible-Asset has ranged from 0.66 to 4.00 over the past decade. 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 an Asset Management company?
The median Return-on-Tangible-Asset among Asset Management companies is 4.66, based on 1,619 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. 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 Creal and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Creal's current Return-on-Tangible-Asset is -1.70%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Creal stock overvalued right now?
Based on GuruFocus' analysis, Creal (TSE:2998) is currently considered Possible Value Trap. The stock's GF Value™ is 円926.58, compared to a current price of 円524.00 — trading 43.4% below its estimated fair value. The current Return-on-Tangible-Asset is -1.70%. Creal's overall GF Score™ is 69/100 with 6 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 Creal (TSE:2998), the current Return-on-Tangible-Asset is -1.70% as of Jun. 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 Creal (TSE:2998) Overvalued in 2026?

Based on GuruFocus' analysis, Creal stock appears to be undervalued. The current stock price of 円524.00 is trading 43.4% below its estimated GF Value™ of 円926.58. GuruFocus considers Creal to be Possible Value Trap.

Key valuation signals for TSE:2998:

  • Return-on-Tangible-Asset: -1.70%
  • GF Value™: 円926.58 vs. price of 円524.00 (43.4% below fair value)
  • GF Score™: 69/100 with 6 warning signs

No single metric tells the full story. See the TSE:2998 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Creal Business Description

Address 12-11 Shinbashi 2-chome, 8th floor, Shinbashi 27MT Building, Minato-ku, Tokyo, JPN, 105-0004
Creal Inc is engaged in Asset management platform business, Real estate fund online market CREAL, Real estate investment management service for individuals CREAL PB, and Asset management service for institutional investors and the ultra-high net worth individuals CREAL PRO.
69GF Score

Get the complete analysis for TSE:2998

Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円524.00
Price
円926.58
GF Value