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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. Tosei Reit Investment's annualizedNet Income for the quarter that ended in Apr. 2026 was 円2,956 Mil. Tosei Reit Investment's average total tangible assets for the quarter that ended in Apr. 2026 was 円89,893 Mil. Therefore, Tosei Reit Investment's annualized Return-on-Tangible-Asset for the quarter that ended in Apr. 2026 was 3.29%.
The historical rank and industry rank for Tosei Reit Investment's Return-on-Tangible-Asset or its related term are showing as below:
TSE:3451'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.15 Med: 3.37 Max: 3.97
Current: 3.28
During the past 11 years, Tosei Reit Investment's highest Return-on-Tangible-Asset was 3.97%. The lowest was 3.15%. And the median was 3.37%.
TSE:3451's Return-on-Tangible-Asset is ranked worse than 50.16% of 933
companies
in the REITs industry
Industry Median: 3.29
vs TSE:3451: 3.28
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.
Tosei Reit Investment Return-on-Tangible-Asset Related Terms
Tosei Reit Investment Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Tosei Reit Investment'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:3451 vs VICI, WPC: Return-on-Tangible-Asset Comparison
For the REIT - Diversified subindustry, Tosei Reit Investment'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.
Tosei Reit Investment Return-on-Tangible-Asset vs REITs Industry
For the REITs industry and Real Estate sector, Tosei Reit Investment's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Tosei Reit Investment'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 (Apr. 2026) net income data.
What does a Return-on-Tangible-Asset of 3.29% mean?
Tosei Reit Investment (TSE:3451) has a Return-on-Tangible-Asset of 3.29% as of Apr. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Tosei Reit Investment and its competitors. This is near median its historical median of 3.37. Over the past decade, Tosei Reit Investment's Return-on-Tangible-Asset has ranged from 3.15 to 3.97. According to the industry distribution chart, Tosei Reit Investment ranks #468 out of 933 companies in the REITs industry, placing it in the top 50.2%.
Is Tosei Reit Investment's Return-on-Tangible-Asset too high?
Tosei Reit Investment's current Return-on-Tangible-Asset of 3.29% is near median its 10-year median of 3.37. Over the past 10 years, this metric has ranged from a low of 3.15 to a high of 3.97. The REITs industry median Return-on-Tangible-Asset is 3.29. Tosei Reit Investment's value of 3.29% is 0% at this industry median. Based on the distribution chart, Tosei Reit Investment ranks #468 out of 933 companies in the REITs industry, which is below the industry midpoint. Overall, Tosei Reit Investment has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tosei Reit Investment's Return-on-Tangible-Asset compare to VICI and WPC?
According to the REITs industry distribution chart, Tosei Reit Investment ranks #468 out of 933 companies for Return-on-Tangible-Asset. This places Tosei Reit Investment in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.29. Tosei Reit Investment's value of 3.29% is 0% at this benchmark. Historically, Tosei Reit Investment's own Return-on-Tangible-Asset has ranged from 3.15 to 3.97 over the past decade. While the company's 10-year median is 3.37 vs. the industry median of 3.29, Tosei Reit Investment has consistently been at 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 REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.29, based on 933 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. Tosei Reit Investment's current Return-on-Tangible-Asset of 3.29% is 0% at 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 Tosei Reit Investment and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tosei Reit Investment's current Return-on-Tangible-Asset is 3.29%, which is near median its own 10-year median of 3.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tosei Reit Investment stock overvalued right now?
Based on GuruFocus' analysis, Tosei Reit Investment (TSE:3451) is currently considered Fairly Valued. The stock's GF Value™ is 円142,788.92, compared to a current price of 円130,200.00 — trading 8.8% below its estimated fair value. The current Return-on-Tangible-Asset is 3.29%, which is near median its 10-year median of 3.37 and 0% at the REITs industry median of 3.29. Tosei Reit Investment's overall GF Score™ is 56/100 with 5 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 Tosei Reit Investment (TSE:3451), the current Return-on-Tangible-Asset is 3.29% as of Apr. 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 Tosei Reit Investment (TSE:3451) Overvalued in 2026?
Based on GuruFocus' analysis, Tosei Reit Investment stock appears to be undervalued.
The current stock price of 円130,200.00 is trading 8.8% below its estimated GF Value™ of 円142,788.92.
GuruFocus considers Tosei Reit Investment to be Fairly Valued.
Key valuation signals for TSE:3451:
Return-on-Tangible-Asset: 3.29% (near median its 10-year median of 3.37)
GF Value™: 円142,788.92 vs. price of 円130,200.00 (8.8% below fair value)
Industry Position: 0% at the REITs median (#468 of 933)
No single metric tells the full story. See the TSE:3451 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tosei Reit Investment Corp is a Japanese company operating in the real estate industry. The company invests in real estate and other assets and the investments are spread across Offices, Commercial facility and Housing.
56GF Score
Get the complete analysis for TSE:3451
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