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TSI Holdings CoTSE:3608 -2.77%84 Return-on-Tangible-Asset is 1.50% as of Feb. 2026, which is 37% below its 10-year median of 2.38. GuruFocus rates TSE:3608 with a GF Score™ of 84/100 and a GF Value™ of 円1,339.81 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,069 Manufacturing - Apparel & Accessories companies, TSI Holdings Co ranks better than 58.75% 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. TSI Holdings Co's annualizedNet Income for the quarter that ended in Feb. 2026 was 円2,036 Mil. TSI Holdings Co's average total tangible assets for the quarter that ended in Feb. 2026 was 円135,403 Mil. Therefore, TSI Holdings Co's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2026 was 1.50%.
The historical rank and industry rank for TSI Holdings Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:3608'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.12 Med: 2.38 Max: 11.66
Current: 3.07
During the past 13 years, TSI Holdings Co's highest Return-on-Tangible-Asset was 11.66%. The lowest was -0.12%. And the median was 2.38%.
TSE:3608's Return-on-Tangible-Asset is ranked better than 58.75% of 1069
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.99
vs TSE:3608: 3.07
TSI Holdings Co (TSE:3608) 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.
TSI Holdings Co Return-on-Tangible-Asset Related Terms
TSI Holdings Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for TSI Holdings 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:3608 vs RL, LEVI, VFC: Return-on-Tangible-Asset Comparison
For the Apparel Manufacturing subindustry, TSI Holdings 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.
TSI Holdings Co Return-on-Tangible-Asset vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, TSI Holdings Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where TSI Holdings 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 (Feb. 2026) net income data.
What does a Return-on-Tangible-Asset of 1.50% mean?
TSI Holdings Co (TSE:3608) has a Return-on-Tangible-Asset of 1.50% 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 TSI Holdings Co and its competitors. This is 37% below median its historical median of 2.38. According to the industry distribution chart, TSI Holdings Co ranks #441 out of 1069 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 41.3%.
Is TSI Holdings Co's Return-on-Tangible-Asset too high?
TSI Holdings Co's current Return-on-Tangible-Asset of 1.50% is 37% below median its 10-year median of 2.38. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Asset is 1.99. TSI Holdings Co's value of 1.50% is 24.6% below this industry median. Based on the distribution chart, TSI Holdings Co ranks #441 out of 1069 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, TSI Holdings Co has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TSI Holdings Co's Return-on-Tangible-Asset compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, TSI Holdings Co ranks #441 out of 1069 companies for Return-on-Tangible-Asset. This puts TSI Holdings Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 1.99. TSI Holdings Co's value of 1.50% is 24.6% below this benchmark. While the company's 10-year median is 2.38 vs. the industry median of 1.99, TSI Holdings 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 Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Asset among Manufacturing - Apparel & Accessories companies is 1.99, based on 1,069 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. TSI Holdings Co's current Return-on-Tangible-Asset of 1.50% is 24.6% 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 TSI Holdings Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Asset is 1.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TSI Holdings Co's current Return-on-Tangible-Asset is 1.50%, which is 37% below median its own 10-year median of 2.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TSI Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, TSI Holdings Co (TSE:3608) is currently considered Fairly Valued. The stock's GF Value™ is 円1,339.81, compared to a current price of 円1,230.00 — trading 8.2% below its estimated fair value. The current Return-on-Tangible-Asset is 1.50%, which is 37% below median its 10-year median of 2.38 and 24.6% below the Manufacturing - Apparel & Accessories industry median of 1.99. TSI Holdings Co's overall GF Score™ is 84/100 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 TSI Holdings Co (TSE:3608), the current Return-on-Tangible-Asset is 1.50% 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 TSI Holdings Co (TSE:3608) Overvalued in 2026?
Based on GuruFocus' analysis, TSI Holdings Co stock appears to be undervalued.
The current stock price of 円1,230.00 is trading 8.2% below its estimated GF Value™ of 円1,339.81.
GuruFocus considers TSI Holdings Co to be Fairly Valued.
Key valuation signals for TSE:3608:
Return-on-Tangible-Asset: 1.50% (37% below median its 10-year median of 2.38)
GF Value™: 円1,339.81 vs. price of 円1,230.00 (8.2% below fair value)
Industry Position: 24.6% below the Manufacturing - Apparel & Accessories median (#441 of 1069)
No single metric tells the full story. See the TSE:3608 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TSI Holdings Co Ltd is an apparel manufacturer that owns and licenses dozens of brands that it sells through department stores, other retail stores and shopping centers, and e-commerce channels. The majority of the company's sales are in Japan, with the remainder coming from China and other parts of Asia. TSI's highest-selling brands, which collectively account for more than half of the company's total revenue, include nano, Natural Beauty Basic, Margaret Howell, Pearly Gates, Rose Bud, Stussy, Proportion Body Dressing, Free's Mart, Human Woman, and Callaway Apparel.
84GF Score
Get the complete analysis for TSE:3608
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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