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MIRARTH Real Estate Investment (TSE:3492) 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.
MIRARTH Real Estate Investment Return-on-Tangible-Asset Related Terms
MIRARTH Real Estate Investment 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.
MIRARTH Real Estate Investment Return-on-Tangible-Asset Chart
TSE:3492 vs VICI, WPC: Return-on-Tangible-Asset Comparison
For the REIT - Diversified subindustry, MIRARTH Real Estate 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.
MIRARTH Real Estate Investment Return-on-Tangible-Asset vs REITs Industry
For the REITs industry and Real Estate sector, MIRARTH Real Estate Investment's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where MIRARTH Real Estate 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 (Feb. 2026) net income data.
What does a Return-on-Tangible-Asset of 2.73% mean?
MIRARTH Real Estate Investment (TSE:3492) has a Return-on-Tangible-Asset of 2.73% 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 MIRARTH Real Estate Investment and its competitors. This is 13% below median its historical median of 3.15. Over the past decade, MIRARTH Real Estate Investment's Return-on-Tangible-Asset has ranged from 0.05 to 3.92. According to the industry distribution chart, MIRARTH Real Estate Investment ranks #528 out of 932 companies in the REITs industry, placing it in the top 56.7%.
Is MIRARTH Real Estate Investment's Return-on-Tangible-Asset too high?
MIRARTH Real Estate Investment's current Return-on-Tangible-Asset of 2.73% is 13% below median its 10-year median of 3.15. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 3.92. The REITs industry median Return-on-Tangible-Asset is 3.30. MIRARTH Real Estate Investment's value of 2.73% is 17.1% below this industry median. Based on the distribution chart, MIRARTH Real Estate Investment ranks #528 out of 932 companies in the REITs industry, which is below the industry midpoint. Overall, MIRARTH Real Estate Investment has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MIRARTH Real Estate Investment's Return-on-Tangible-Asset compare to VICI and WPC?
According to the REITs industry distribution chart, MIRARTH Real Estate Investment ranks #528 out of 932 companies for Return-on-Tangible-Asset. This places MIRARTH Real Estate Investment in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.30. MIRARTH Real Estate Investment's value of 2.73% is 17.1% below this benchmark. Historically, MIRARTH Real Estate Investment's own Return-on-Tangible-Asset has ranged from 0.05 to 3.92 over the past decade. While the company's 10-year median is 3.15 vs. the industry median of 3.30, MIRARTH Real Estate Investment 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 3.30, based on 932 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. MIRARTH Real Estate Investment's current Return-on-Tangible-Asset of 2.73% is 17.1% 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 MIRARTH Real Estate Investment and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MIRARTH Real Estate Investment's current Return-on-Tangible-Asset is 2.73%, which is 13% below median its own 10-year median of 3.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MIRARTH Real Estate Investment stock overvalued right now?
Based on GuruFocus' analysis, MIRARTH Real Estate Investment (TSE:3492) is currently considered Modestly Undervalued. The stock's GF Value™ is 円103,571.39, compared to a current price of 円80,200.00 — trading 22.6% below its estimated fair value. The current Return-on-Tangible-Asset is 2.73%, which is 13% below median its 10-year median of 3.15 and 17.1% below the REITs industry median of 3.30. MIRARTH Real Estate Investment's overall GF Score™ is 59/100 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 MIRARTH Real Estate Investment (TSE:3492), the current Return-on-Tangible-Asset is 2.73% 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 MIRARTH Real Estate Investment (TSE:3492) Overvalued in 2026?
Based on GuruFocus' analysis, MIRARTH Real Estate Investment stock appears to be undervalued.
The current stock price of 円80,200.00 is trading 22.6% below its estimated GF Value™ of 円103,571.39.
GuruFocus considers MIRARTH Real Estate Investment to be Modestly Undervalued.
Key valuation signals for TSE:3492:
Return-on-Tangible-Asset: 2.73% (13% below median its 10-year median of 3.15)
GF Value™: 円103,571.39 vs. price of 円80,200.00 (22.6% below fair value)
Industry Position: 17.1% below the REITs median (#528 of 932)
No single metric tells the full story. See the TSE:3492 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MIRARTH Real Estate Investment Corp is a J-REIT that invests in residential properties, as well as office buildings, retail facilities, hotels, and other properties. It aims to build a diverse, comprehensive portfolio consisting of residential, office, hotel, commercial, and other properties by maximizing the strengths of each sponsor company through property development, property revitalization, and flexible property acquisition in the external real estate market.
59GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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