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Mitsui Fudosan Logistics Park (TSE:3471) 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 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.
Mitsui Fudosan Logistics Park Return-on-Tangible-Asset Related Terms
Mitsui Fudosan Logistics Park Return-on-Tangible-Asset Historical Data
* 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.
Mitsui Fudosan Logistics Park Return-on-Tangible-Asset Chart
TSE:3471 vs VICI, WPC: Return-on-Tangible-Asset Comparison
For the REIT - Diversified subindustry, Mitsui Fudosan Logistics Park'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.
Mitsui Fudosan Logistics Park Return-on-Tangible-Asset vs REITs Industry
For the REITs industry and Real Estate sector, Mitsui Fudosan Logistics Park's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Mitsui Fudosan Logistics Park'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 (Jan. 2026) net income data.
What does a Return-on-Tangible-Asset of 3.23% mean?
Mitsui Fudosan Logistics Park (TSE:3471) has a Return-on-Tangible-Asset of 3.23% as of Jan. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Mitsui Fudosan Logistics Park and its competitors. This is 16% above median its historical median of 2.78. Over the past decade, Mitsui Fudosan Logistics Park's Return-on-Tangible-Asset has ranged from 1.62 to 5.72. According to the industry distribution chart, Mitsui Fudosan Logistics Park ranks #617 out of 926 companies in the REITs industry, placing it in the top 66.6%.
Is Mitsui Fudosan Logistics Park's Return-on-Tangible-Asset too high?
Mitsui Fudosan Logistics Park's current Return-on-Tangible-Asset of 3.23% is 16% above median its 10-year median of 2.78. Over the past 10 years, this metric has ranged from a low of 1.62 to a high of 5.72. The REITs industry median Return-on-Tangible-Asset is 3.28. Mitsui Fudosan Logistics Park's value of 3.23% is 1.5% below this industry median. Based on the distribution chart, Mitsui Fudosan Logistics Park ranks #617 out of 926 companies in the REITs industry, which is below the industry midpoint. Overall, Mitsui Fudosan Logistics Park has a GF Score™ of 55/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mitsui Fudosan Logistics Park's Return-on-Tangible-Asset compare to VICI and WPC?
According to the REITs industry distribution chart, Mitsui Fudosan Logistics Park ranks #617 out of 926 companies for Return-on-Tangible-Asset. This places Mitsui Fudosan Logistics Park in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.28. Mitsui Fudosan Logistics Park's value of 3.23% is 1.5% below this benchmark. Historically, Mitsui Fudosan Logistics Park's own Return-on-Tangible-Asset has ranged from 1.62 to 5.72 over the past decade. While the company's 10-year median is 2.78 vs. the industry median of 3.28, Mitsui Fudosan Logistics Park 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 REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.28, based on 926 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. Mitsui Fudosan Logistics Park's current Return-on-Tangible-Asset of 3.23% is 1.5% 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 Mitsui Fudosan Logistics Park and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mitsui Fudosan Logistics Park's current Return-on-Tangible-Asset is 3.23%, which is 16% above median its own 10-year median of 2.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mitsui Fudosan Logistics Park stock overvalued right now?
Based on GuruFocus' analysis, Mitsui Fudosan Logistics Park (TSE:3471) is currently considered Fairly Valued. The stock's GF Value™ is 円114,324.17, compared to a current price of 円108,100.00 — trading 5.4% below its estimated fair value. The current Return-on-Tangible-Asset is 3.23%, which is 16% above median its 10-year median of 2.78 and 1.5% below the REITs industry median of 3.28. Mitsui Fudosan Logistics Park's overall GF Score™ is 55/100 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 Mitsui Fudosan Logistics Park (TSE:3471), the current Return-on-Tangible-Asset is 3.23% as of Jan. 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 Mitsui Fudosan Logistics Park (TSE:3471) Overvalued in 2026?
Based on GuruFocus' analysis, Mitsui Fudosan Logistics Park stock appears to be undervalued.
The current stock price of 円108,100.00 is trading 5.4% below its estimated GF Value™ of 円114,324.17.
GuruFocus considers Mitsui Fudosan Logistics Park to be Fairly Valued.
Key valuation signals for TSE:3471:
Return-on-Tangible-Asset: 3.23% (16% above median its 10-year median of 2.78)
GF Value™: 円114,324.17 vs. price of 円108,100.00 (5.4% below fair value)
Industry Position: 1.5% below the REITs median (#617 of 926)
No single metric tells the full story. See the TSE:3471 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mitsui Fudosan Logistics Park Inc is a real estate investment trust company. It is involved in the businesses of office buildings, retail properties, housing, hotels and resorts, real estate solutions, logistics facilities and venture co-creation. Its assets and projects are located in Hokkaido, Kanto, Kinki, Tohoku, Tokai, Kyushu, Hokuriku, and Chugoku in Japan.
55GF Score
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