Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Mitsubishi Research InstituteTSE:3636 +0.98%71 Return-on-Tangible-Asset is 18.65% as of Mar. 2026, which is 242% above its 10-year median of 5.45. GuruFocus rates TSE:3636 with a GF Score™ of 71/100 and a GF Value™ of 円5,172.19 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,892 Software companies, Mitsubishi Research Institute ranks better than 70.47% on this metric.
Mitsubishi Research Institute (TSE:3636) 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.
Mitsubishi Research Institute Return-on-Tangible-Asset Related Terms
Mitsubishi Research Institute 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.
Mitsubishi Research Institute Return-on-Tangible-Asset Chart
TSE:3636 vs IBM, ACN, FISV: Return-on-Tangible-Asset Comparison
For the Information Technology Services subindustry, Mitsubishi Research Institute'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.
Mitsubishi Research Institute Return-on-Tangible-Asset vs Software Industry
For the Software industry and Technology sector, Mitsubishi Research Institute's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Mitsubishi Research Institute'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 18.65% mean?
Mitsubishi Research Institute (TSE:3636) has a Return-on-Tangible-Asset of 18.65% 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 Mitsubishi Research Institute and its competitors. This is 242% above median its historical median of 5.45. Over the past decade, Mitsubishi Research Institute's Return-on-Tangible-Asset has ranged from 4.45 to 8.41. According to the industry distribution chart, Mitsubishi Research Institute ranks #854 out of 2892 companies in the Software industry, placing it in the top 29.5%.
Is Mitsubishi Research Institute's Return-on-Tangible-Asset too high?
Mitsubishi Research Institute's current Return-on-Tangible-Asset of 18.65% is 242% above median its 10-year median of 5.45. Over the past 10 years, this metric has ranged from a low of 4.45 to a high of 8.41. The Software industry median Return-on-Tangible-Asset is 2.05. Mitsubishi Research Institute's value of 18.65% is 809.8% above this industry median. Based on the distribution chart, Mitsubishi Research Institute ranks #854 out of 2892 companies in the Software industry, which is above the industry midpoint. Overall, Mitsubishi Research Institute has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mitsubishi Research Institute's Return-on-Tangible-Asset compare to IBM and ACN?
According to the Software industry distribution chart, Mitsubishi Research Institute ranks #854 out of 2892 companies for Return-on-Tangible-Asset. This puts Mitsubishi Research Institute in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.05. Mitsubishi Research Institute's value of 18.65% is 809.8% above this benchmark. Historically, Mitsubishi Research Institute's own Return-on-Tangible-Asset has ranged from 4.45 to 8.41 over the past decade. While the company's 10-year median is 5.45 vs. the industry median of 2.05, Mitsubishi Research Institute has consistently been above 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 Software company?
The median Return-on-Tangible-Asset among Software companies is 2.05, based on 2,892 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. Mitsubishi Research Institute's current Return-on-Tangible-Asset of 18.65% is 809.8% above 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 Mitsubishi Research Institute and its competitors. For the Software industry, the median Return-on-Tangible-Asset is 2.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mitsubishi Research Institute's current Return-on-Tangible-Asset is 18.65%, which is 242% above median its own 10-year median of 5.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mitsubishi Research Institute stock overvalued right now?
Based on GuruFocus' analysis, Mitsubishi Research Institute (TSE:3636) is currently considered Modestly Undervalued. The stock's GF Value™ is 円5,172.19, compared to a current price of 円4,635.00 — trading 10.4% below its estimated fair value. The current Return-on-Tangible-Asset is 18.65%, which is 242% above median its 10-year median of 5.45 and 809.8% above the Software industry median of 2.05. Mitsubishi Research Institute's overall GF Score™ is 71/100 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 Mitsubishi Research Institute (TSE:3636), the current Return-on-Tangible-Asset is 18.65% 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 Mitsubishi Research Institute (TSE:3636) Overvalued in 2026?
Based on GuruFocus' analysis, Mitsubishi Research Institute stock appears to be undervalued.
The current stock price of 円4,635.00 is trading 10.4% below its estimated GF Value™ of 円5,172.19.
GuruFocus considers Mitsubishi Research Institute to be Modestly Undervalued.
Key valuation signals for TSE:3636:
Return-on-Tangible-Asset: 18.65% (242% above median its 10-year median of 5.45)
GF Value™: 円5,172.19 vs. price of 円4,635.00 (10.4% below fair value)
Industry Position: 809.8% above the Software median (#854 of 2892)
No single metric tells the full story. See the TSE:3636 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mitsubishi Research Institute Inc is an international research and consulting firm. The company assists its clients in developing comprehensive solutions to meet their diverse needs by integrating think-tank, consulting and IT solution services. The Think Tank and Consulting segment offers research, survey analysis, project appraisal, strategic planning, and other organizational development services. The IT Solutions segment provides IT support and consulting, software development, data processing, system machinery, core system outsourcing, and business process outsourcing services. The business activity is primarily functioned through the regions of Japan.
71GF Score
Get the complete analysis for TSE:3636
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:3636 has been successfully added to your 
