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Naigai TecTSE:3374 +5.78%80 Return-on-Tangible-Asset is 5.42% as of Mar. 2026, which is 33% above its 10-year median of 4.07. GuruFocus rates TSE:3374 with a GF Score™ of 80/100 and a GF Value™ of 円2,247.21 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 3,078 Industrial Products companies, Naigai Tec ranks better than 55.07% 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. Naigai Tec's annualizedNet Income for the quarter that ended in Mar. 2026 was 円1,322 Mil. Naigai Tec's average total tangible assets for the quarter that ended in Mar. 2026 was 円24,405 Mil. Therefore, Naigai Tec's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 5.42%.
The historical rank and industry rank for Naigai Tec's Return-on-Tangible-Asset or its related term are showing as below:
TSE:3374'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.19 Med: 4.07 Max: 6.75
Current: 3.97
During the past 13 years, Naigai Tec's highest Return-on-Tangible-Asset was 6.75%. The lowest was 2.19%. And the median was 4.07%.
TSE:3374's Return-on-Tangible-Asset is ranked better than 55.07% of 3078
companies
in the Industrial Products industry
Industry Median: 3.26
vs TSE:3374: 3.97
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.
Naigai Tec Return-on-Tangible-Asset Related Terms
Naigai Tec Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Naigai Tec'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:3374 vs VRT, BE: Return-on-Tangible-Asset Comparison
For the Electrical Equipment & Parts subindustry, Naigai Tec'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.
Naigai Tec Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Naigai Tec's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Naigai Tec'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 5.42% mean?
Naigai Tec (TSE:3374) has a Return-on-Tangible-Asset of 5.42% 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 Naigai Tec and its competitors. This is 33% above median its historical median of 4.07. Over the past decade, Naigai Tec's Return-on-Tangible-Asset has ranged from 2.19 to 6.75. According to the industry distribution chart, Naigai Tec ranks #1383 out of 3078 companies in the Industrial Products industry, placing it in the top 44.9%.
Is Naigai Tec's Return-on-Tangible-Asset too high?
Naigai Tec's current Return-on-Tangible-Asset of 5.42% is 33% above median its 10-year median of 4.07. Over the past 10 years, this metric has ranged from a low of 2.19 to a high of 6.75. The Industrial Products industry median Return-on-Tangible-Asset is 3.26. Naigai Tec's value of 5.42% is 66.3% above this industry median. Based on the distribution chart, Naigai Tec ranks #1383 out of 3078 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Naigai Tec has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Naigai Tec's Return-on-Tangible-Asset compare to VRT and BE?
According to the Industrial Products industry distribution chart, Naigai Tec ranks #1383 out of 3078 companies for Return-on-Tangible-Asset. This puts Naigai Tec in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.26. Naigai Tec's value of 5.42% is 66.3% above this benchmark. Historically, Naigai Tec's own Return-on-Tangible-Asset has ranged from 2.19 to 6.75 over the past decade. While the company's 10-year median is 4.07 vs. the industry median of 3.26, Naigai Tec 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 an Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.26, based on 3,078 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. Naigai Tec's current Return-on-Tangible-Asset of 5.42% is 66.3% 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 Naigai Tec and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Naigai Tec's current Return-on-Tangible-Asset is 5.42%, which is 33% above median its own 10-year median of 4.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Naigai Tec stock overvalued right now?
Based on GuruFocus' analysis, Naigai Tec (TSE:3374) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,247.21, compared to a current price of 円3,110.00 — trading 38.4% above its estimated fair value. The current Return-on-Tangible-Asset is 5.42%, which is 33% above median its 10-year median of 4.07 and 66.3% above the Industrial Products industry median of 3.26. Naigai Tec's overall GF Score™ is 80/100 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 Naigai Tec (TSE:3374), the current Return-on-Tangible-Asset is 5.42% 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 Naigai Tec (TSE:3374) Overvalued in 2026?
Based on GuruFocus' analysis, Naigai Tec stock appears to be overvalued.
The current stock price of 円3,110.00 is trading 38.4% above its estimated GF Value™ of 円2,247.21.
GuruFocus considers Naigai Tec to be Significantly Overvalued.
Key valuation signals for TSE:3374:
Return-on-Tangible-Asset: 5.42% (33% above median its 10-year median of 4.07)
GF Value™: 円2,247.21 vs. price of 円3,110.00 (38.4% above fair value)
Industry Position: 66.3% above the Industrial Products median (#1383 of 3078)
No single metric tells the full story. See the TSE:3374 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Naigai Tec Corp is engaged in electronics parts design, manufacture, logistics, and after-sale service. It sales, purchase, import and export of pneumatic devices, pneumatic application devices, working machines, electric devices, electronic devices, and other tools. It provides its services to Japan, China, and South Korea. The reportable segments include: Sales business and Contract manufacturing business.
80GF Score
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