Treasure Factory Co (TSE:3093) Return-on-Tangible-Asset: 15.07% (As of Feb. 2026) — 110% Above Median

Author: Vera Yuan Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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:3093 Treasure Factory Co Ltd TSE:3093
92 GF Score
Price 円2,050.00
GF Value 円2,196.81
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Treasure Factory Co Return-on-Tangible-Asset?

Treasure Factory Co TSE:3093 +0.29% 92 Return-on-Tangible-Asset is 15.07% as of Feb. 2026, which is 110% above its 10-year median of 7.18. GuruFocus rates TSE:3093 with a GF Score™ of 92/100 and a GF Value™ of 円2,196.81 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,139 Retail - Cyclical companies, Treasure Factory Co ranks better than 89.64% 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. Treasure Factory Co's annualized Net Income for the quarter that ended in Feb. 2026 was 円3,696 Mil. Treasure Factory Co's average total tangible assets for the quarter that ended in Feb. 2026 was 円24,525 Mil. Therefore, Treasure Factory Co's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2026 was 15.07%.

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

TSE:3093' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.4   Med: 7.18   Max: 14.45
Current: 14.45

During the past 13 years, Treasure Factory Co's highest Return-on-Tangible-Asset was 14.45%. The lowest was -1.40%. And the median was 7.18%.

TSE:3093's Return-on-Tangible-Asset is ranked better than
89.64% of 1139 companies
in the Retail - Cyclical industry
Industry Median: 2.91 vs TSE:3093: 14.45

Treasure Factory Co  (TSE:3093) 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.


Treasure Factory Co Return-on-Tangible-Asset Related Terms


Treasure Factory Co Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Treasure Factory 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.

Treasure Factory Co Return-on-Tangible-Asset Chart

Treasure Factory Co Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.48 13.14 14.16 14.43 13.99

Treasure Factory Co Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 Premium Member Only Premium Member Only 19.17 4.61 18.17 15.07 18.90

TSE:3093 vs CASY, WSM, ULTA: Return-on-Tangible-Asset Comparison

For the Specialty Retail subindustry, Treasure Factory 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.


Treasure Factory Co Return-on-Tangible-Asset vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Treasure Factory Co's Return-on-Tangible-Asset distribution charts can be found below:

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


TSE:3093
92GF Score
Treasure Factory Co Ltd TSE:3093
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Treasure Factory Co Return-on-Tangible-Asset Calculation

Treasure Factory Co's annualized Return-on-Tangible-Asset for the fiscal year that ended in Feb. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Feb. 2026 )  (A: Feb. 2025 )(A: Feb. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Feb. 2026 )  (A: Feb. 2025 )(A: Feb. 2026 )
=3171/( (20351+24973)/ 2 )
=3171/22662
=13.99 %

Treasure Factory Co's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Feb. 2026 )  (Q: Nov. 2025 )(Q: Feb. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Feb. 2026 )  (Q: Nov. 2025 )(Q: Feb. 2026 )
=3696/( (24077+24973)/ 2 )
=3696/24525
=15.07 %

* 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 15.07% mean?
Treasure Factory Co (TSE:3093) has a Return-on-Tangible-Asset of 15.07% 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 Treasure Factory Co and its competitors. This is 110% above median its historical median of 7.18. According to the industry distribution chart, Treasure Factory Co ranks #118 out of 1139 companies in the Retail - Cyclical industry, placing it in the top 10.4%.
Is Treasure Factory Co's Return-on-Tangible-Asset too high?
Treasure Factory Co's current Return-on-Tangible-Asset of 15.07% is 110% above median its 10-year median of 7.18. The Retail - Cyclical industry median Return-on-Tangible-Asset is 2.91. Treasure Factory Co's value of 15.07% is 417.9% above this industry median. Based on the distribution chart, Treasure Factory Co ranks #118 out of 1139 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Treasure Factory Co has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Treasure Factory Co's Return-on-Tangible-Asset compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Treasure Factory Co ranks #118 out of 1139 companies for Return-on-Tangible-Asset. This places Treasure Factory Co in the top 10% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.91. Treasure Factory Co's value of 15.07% is 417.9% above this benchmark. While the company's 10-year median is 7.18 vs. the industry median of 2.91, Treasure Factory 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 Retail - Cyclical company?
The median Return-on-Tangible-Asset among Retail - Cyclical companies is 2.91, based on 1,139 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. Treasure Factory Co's current Return-on-Tangible-Asset of 15.07% is 417.9% 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 Treasure Factory Co and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Asset is 2.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Treasure Factory Co's current Return-on-Tangible-Asset is 15.07%, which is 110% above median its own 10-year median of 7.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Treasure Factory Co stock overvalued right now?
Based on GuruFocus' analysis, Treasure Factory Co (TSE:3093) is currently considered Fairly Valued. The stock's GF Value™ is 円2,196.81, compared to a current price of 円2,050.00 — trading 6.7% below its estimated fair value. The current Return-on-Tangible-Asset is 15.07%, which is 110% above median its 10-year median of 7.18 and 417.9% above the Retail - Cyclical industry median of 2.91. Treasure Factory Co's overall GF Score™ is 92/100 with 3 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 Treasure Factory Co (TSE:3093), the current Return-on-Tangible-Asset is 15.07% 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 Treasure Factory Co (TSE:3093) Overvalued in 2026?

Based on GuruFocus' analysis, Treasure Factory Co stock appears to be undervalued. The current stock price of 円2,050.00 is trading 6.7% below its estimated GF Value™ of 円2,196.81. GuruFocus considers Treasure Factory Co to be Fairly Valued.

Key valuation signals for TSE:3093:

  • Return-on-Tangible-Asset: 15.07% (110% above median its 10-year median of 7.18)
  • GF Value™: 円2,196.81 vs. price of 円2,050.00 (6.7% below fair value)
  • GF Score™: 92/100 with 3 warning signs
  • Industry Position: 417.9% above the Retail - Cyclical median (#118 of 1139)

No single metric tells the full story. See the TSE:3093 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Treasure Factory Co Business Description

Address 4-14-1 Sotokanda, Akihabara UDX Building, 20th Floor, Chiyoda-ku, Tokyo, JPN, 101-0021
Treasure Factory Co Ltd is a Japan-based company. It is mainly engaged in the sale and purchase of reuse items through its stores and online. The company is also engaged in the bag and accessory rental business under the brand name Cariru and operates a treasure factory moving service. It sells used merchandise in Tokyo, Saitama, Kanagawa, and Chiba.
92GF Score

Get the complete analysis for TSE:3093

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

円2,050.00
Price
円2,196.81
GF Value