AZUMA HOUSE Co (TSE:3293) Return-on-Tangible-Asset: 1.68% (As of Mar. 2026) — 33% Below 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:3293 AZUMA HOUSE Co Ltd TSE:3293
47 GF Score
Price 円764.00
GF Value 円636.84
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is AZUMA HOUSE Co Return-on-Tangible-Asset?

AZUMA HOUSE Co TSE:3293 -0.39% 47 Return-on-Tangible-Asset is 1.68% as of Mar. 2026, which is 33% below its 10-year median of 2.51. GuruFocus rates TSE:3293 with a GF Score™ of 47/100 and a GF Value™ of 円636.84 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,800 Real Estate companies, AZUMA HOUSE Co ranks worse than 51.11% 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. AZUMA HOUSE Co's annualized Net Income for the quarter that ended in Mar. 2026 was 円533 Mil. AZUMA HOUSE Co's average total tangible assets for the quarter that ended in Mar. 2026 was 円31,651 Mil. Therefore, AZUMA HOUSE Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 1.68%.

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

TSE:3293' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.59   Med: 2.51   Max: 3.68
Current: 1.6

During the past 13 years, AZUMA HOUSE Co's highest Return-on-Tangible-Asset was 3.68%. The lowest was 1.59%. And the median was 2.51%.

TSE:3293's Return-on-Tangible-Asset is ranked worse than
51.11% of 1800 companies
in the Real Estate industry
Industry Median: 1.755 vs TSE:3293: 1.60

AZUMA HOUSE Co  (TSE:3293) 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.


AZUMA HOUSE Co Return-on-Tangible-Asset Related Terms


AZUMA HOUSE Co Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for AZUMA HOUSE 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.

AZUMA HOUSE Co Return-on-Tangible-Asset Chart

AZUMA HOUSE Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.45 2.36 2.54 2.41 1.59

AZUMA HOUSE Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 3.19 2.79 2.02 1.51 1.68

AZUMA HOUSE Co Return-on-Tangible-Asset Competitor Comparison

For the Real Estate - Development subindustry, AZUMA HOUSE 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.


AZUMA HOUSE Co Return-on-Tangible-Asset vs Real Estate Industry

For the Real Estate industry and Real Estate sector, AZUMA HOUSE Co's Return-on-Tangible-Asset distribution charts can be found below:

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


TSE:3293
47GF Score
AZUMA HOUSE Co Ltd TSE:3293
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AZUMA HOUSE Co Return-on-Tangible-Asset Calculation

AZUMA HOUSE Co'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 )
=504.571/( (31465.318+31821.983)/ 2 )
=504.571/31643.6505
=1.59 %

AZUMA HOUSE Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Sep. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Sep. 2025 )(Q: Mar. 2026 )
=532.916/( (31481.008+31821.983)/ 2 )
=532.916/31651.4955
=1.68 %

* 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 1.68% mean?
AZUMA HOUSE Co (TSE:3293) has a Return-on-Tangible-Asset of 1.68% 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 AZUMA HOUSE Co and its competitors. This is 33% below median its historical median of 2.51. Over the past decade, AZUMA HOUSE Co's Return-on-Tangible-Asset has ranged from 1.59 to 3.68. According to the industry distribution chart, AZUMA HOUSE Co ranks #920 out of 1800 companies in the Real Estate industry, placing it in the top 51.1%.
Is AZUMA HOUSE Co's Return-on-Tangible-Asset too high?
AZUMA HOUSE Co's current Return-on-Tangible-Asset of 1.68% is 33% below median its 10-year median of 2.51. Over the past 10 years, this metric has ranged from a low of 1.59 to a high of 3.68. The Real Estate industry median Return-on-Tangible-Asset is 1.76. AZUMA HOUSE Co's value of 1.68% is 4.3% below this industry median. Based on the distribution chart, AZUMA HOUSE Co ranks #920 out of 1800 companies in the Real Estate industry, which is below the industry midpoint. Overall, AZUMA HOUSE Co has a GF Score™ of 47/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AZUMA HOUSE Co's Return-on-Tangible-Asset compare to competitors?
According to the Real Estate industry distribution chart, AZUMA HOUSE Co ranks #920 out of 1800 companies for Return-on-Tangible-Asset. This places AZUMA HOUSE Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 1.76. AZUMA HOUSE Co's value of 1.68% is 4.3% below this benchmark. Historically, AZUMA HOUSE Co's own Return-on-Tangible-Asset has ranged from 1.59 to 3.68 over the past decade. While the company's 10-year median is 2.51 vs. the industry median of 1.76, AZUMA HOUSE Co has consistently been below 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 Real Estate company?
The median Return-on-Tangible-Asset among Real Estate companies is 1.76, based on 1,800 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. AZUMA HOUSE Co's current Return-on-Tangible-Asset of 1.68% is 4.3% below 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 AZUMA HOUSE Co and its competitors. For the Real Estate industry, the median Return-on-Tangible-Asset is 1.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AZUMA HOUSE Co's current Return-on-Tangible-Asset is 1.68%, which is 33% below median its own 10-year median of 2.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AZUMA HOUSE Co stock overvalued right now?
Based on GuruFocus' analysis, AZUMA HOUSE Co (TSE:3293) is currently considered Modestly Overvalued. The stock's GF Value™ is 円636.84, compared to a current price of 円764.00 — trading 20% above its estimated fair value. The current Return-on-Tangible-Asset is 1.68%, which is 33% below median its 10-year median of 2.51 and 4.3% below the Real Estate industry median of 1.76. AZUMA HOUSE Co's overall GF Score™ is 47/100 with 7 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 AZUMA HOUSE Co (TSE:3293), the current Return-on-Tangible-Asset is 1.68% 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 AZUMA HOUSE Co (TSE:3293) Overvalued in 2026?

Based on GuruFocus' analysis, AZUMA HOUSE Co stock appears to be overvalued. The current stock price of 円764.00 is trading 20% above its estimated GF Value™ of 円636.84. GuruFocus considers AZUMA HOUSE Co to be Modestly Overvalued.

Key valuation signals for TSE:3293:

  • Return-on-Tangible-Asset: 1.68% (33% below median its 10-year median of 2.51)
  • GF Value™: 円636.84 vs. price of 円764.00 (20% above fair value)
  • GF Score™: 47/100 with 7 warning signs
  • Industry Position: 4.3% below the Real Estate median (#920 of 1800)

No single metric tells the full story. See the TSE:3293 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AZUMA HOUSE Co Business Description

Address Azma House Building 3rd Floor, Kuroda 1 - chome 2 - 17, Wakayama, JPN, 6408341
AZUMA HOUSE Co Ltd is a real estate company engaged in construction and distribution of residential houses built for sale, the sale of land and the provision of building renovation service and real estate brokerage service.
47GF Score

Get the complete analysis for TSE:3293

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

円764.00
Price
円636.84
GF Value