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Nippon Felt CoTSE:3512 +0.21%49 Return-on-Tangible-Asset is 1.41% as of Mar. 2026, which is 35% below its 10-year median of 2.16. GuruFocus rates TSE:3512 with a GF Score™ of 49/100 and a GF Value™ of 円457.97 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 559 Conglomerates companies, Nippon Felt Co ranks worse than 52.42% 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. Nippon Felt Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円390 Mil. Nippon Felt Co's average total tangible assets for the quarter that ended in Mar. 2026 was 円27,675 Mil. Therefore, Nippon Felt Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 1.41%.
The historical rank and industry rank for Nippon Felt Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:3512'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.51 Med: 2.16 Max: 3.24
Current: 2.43
During the past 13 years, Nippon Felt Co's highest Return-on-Tangible-Asset was 3.24%. The lowest was 1.51%. And the median was 2.16%.
TSE:3512's Return-on-Tangible-Asset is ranked worse than 52.42% of 559
companies
in the Conglomerates industry
Industry Median: 2.69
vs TSE:3512: 2.43
Nippon Felt Co (TSE:3512) 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.
Nippon Felt Co Return-on-Tangible-Asset Related Terms
Nippon Felt Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Nippon Felt 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.
TSE:3512 vs MMM, HON: Return-on-Tangible-Asset Comparison
For the Conglomerates subindustry, Nippon Felt 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.
Nippon Felt Co Return-on-Tangible-Asset vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Nippon Felt Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Nippon Felt Co'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 four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 1.41% mean?
Nippon Felt Co (TSE:3512) has a Return-on-Tangible-Asset of 1.41% 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 Nippon Felt Co and its competitors. This is 35% below median its historical median of 2.16. Over the past decade, Nippon Felt Co's Return-on-Tangible-Asset has ranged from 1.51 to 3.24. According to the industry distribution chart, Nippon Felt Co ranks #293 out of 559 companies in the Conglomerates industry, placing it in the top 52.4%.
Is Nippon Felt Co's Return-on-Tangible-Asset too high?
Nippon Felt Co's current Return-on-Tangible-Asset of 1.41% is 35% below median its 10-year median of 2.16. Over the past 10 years, this metric has ranged from a low of 1.51 to a high of 3.24. The Conglomerates industry median Return-on-Tangible-Asset is 2.69. Nippon Felt Co's value of 1.41% is 47.6% below this industry median. Based on the distribution chart, Nippon Felt Co ranks #293 out of 559 companies in the Conglomerates industry, which is below the industry midpoint. Overall, Nippon Felt Co has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Felt Co's Return-on-Tangible-Asset compare to MMM and HON?
According to the Conglomerates industry distribution chart, Nippon Felt Co ranks #293 out of 559 companies for Return-on-Tangible-Asset. This places Nippon Felt Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.69. Nippon Felt Co's value of 1.41% is 47.6% below this benchmark. Historically, Nippon Felt Co's own Return-on-Tangible-Asset has ranged from 1.51 to 3.24 over the past decade. While the company's 10-year median is 2.16 vs. the industry median of 2.69, Nippon Felt 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 Conglomerates company?
The median Return-on-Tangible-Asset among Conglomerates companies is 2.69, based on 559 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. Nippon Felt Co's current Return-on-Tangible-Asset of 1.41% is 47.6% 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 Nippon Felt Co and its competitors. For the Conglomerates industry, the median Return-on-Tangible-Asset is 2.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Felt Co's current Return-on-Tangible-Asset is 1.41%, which is 35% below median its own 10-year median of 2.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Felt Co stock overvalued right now?
Based on GuruFocus' analysis, Nippon Felt Co (TSE:3512) is currently considered Significantly Overvalued. The stock's GF Value™ is 円457.97, compared to a current price of 円969.00 — trading 111.6% above its estimated fair value. The current Return-on-Tangible-Asset is 1.41%, which is 35% below median its 10-year median of 2.16 and 47.6% below the Conglomerates industry median of 2.69. Nippon Felt Co's overall GF Score™ is 49/100 with 4 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 Nippon Felt Co (TSE:3512), the current Return-on-Tangible-Asset is 1.41% 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 Nippon Felt Co (TSE:3512) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Felt Co stock appears to be overvalued.
The current stock price of 円969.00 is trading 111.6% above its estimated GF Value™ of 円457.97.
GuruFocus considers Nippon Felt Co to be Significantly Overvalued.
Key valuation signals for TSE:3512:
Return-on-Tangible-Asset: 1.41% (35% below median its 10-year median of 2.16)
GF Value™: 円457.97 vs. price of 円969.00 (111.6% above fair value)
Industry Position: 47.6% below the Conglomerates median (#293 of 559)
No single metric tells the full story. See the TSE:3512 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Felt Co Ltd is a Japan-based company engages in producing, finishing, and selling felts for making paper, pulp, slate, and other industrial applications. It also involved in producing and selling various types of textile products and other industrial chemicals.
49GF Score
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