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Medical NetTSE:3645 -1.22%61 Return-on-Tangible-Asset is 3.37% as of Feb. 2026, which is 30% below its 10-year median of 4.79. GuruFocus rates TSE:3645 with a GF Score™ of 61/100 and a GF Value™ of 円428.01 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 567 Interactive Media companies, Medical Net ranks better than 54.5% 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. Medical Net's annualizedNet Income for the quarter that ended in Feb. 2026 was 円139 Mil. Medical Net's average total tangible assets for the quarter that ended in Feb. 2026 was 円4,108 Mil. Therefore, Medical Net's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2026 was 3.37%.
The historical rank and industry rank for Medical Net's Return-on-Tangible-Asset or its related term are showing as below:
TSE:3645'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.9 Med: 4.79 Max: 16.6
Current: 1.73
During the past 13 years, Medical Net's highest Return-on-Tangible-Asset was 16.60%. The lowest was -1.90%. And the median was 4.79%.
TSE:3645's Return-on-Tangible-Asset is ranked better than 54.5% of 567
companies
in the Interactive Media industry
Industry Median: 0.69
vs TSE:3645: 1.73
Medical Net (TSE:3645) 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.
Medical Net Return-on-Tangible-Asset Related Terms
Medical Net Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Medical Net'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:3645 vs GOOGL, META, SPOT: Return-on-Tangible-Asset Comparison
For the Internet Content & Information subindustry, Medical Net'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.
Medical Net Return-on-Tangible-Asset vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Medical Net's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Medical Net'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 3.37% mean?
Medical Net (TSE:3645) has a Return-on-Tangible-Asset of 3.37% 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 Medical Net and its competitors. This is 30% below median its historical median of 4.79. According to the industry distribution chart, Medical Net ranks #258 out of 567 companies in the Interactive Media industry, placing it in the top 45.5%.
Is Medical Net's Return-on-Tangible-Asset too high?
Medical Net's current Return-on-Tangible-Asset of 3.37% is 30% below median its 10-year median of 4.79. The Interactive Media industry median Return-on-Tangible-Asset is 0.69. Medical Net's value of 3.37% is 388.4% above this industry median. Based on the distribution chart, Medical Net ranks #258 out of 567 companies in the Interactive Media industry, which is above the industry midpoint. Overall, Medical Net has a GF Score™ of 61/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Medical Net's Return-on-Tangible-Asset compare to GOOGL and META?
According to the Interactive Media industry distribution chart, Medical Net ranks #258 out of 567 companies for Return-on-Tangible-Asset. This puts Medical Net in the upper half of its industry. The industry median Return-on-Tangible-Asset is 0.69. Medical Net's value of 3.37% is 388.4% above this benchmark. While the company's 10-year median is 4.79 vs. the industry median of 0.69, Medical Net 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 an Interactive Media company?
The median Return-on-Tangible-Asset among Interactive Media companies is 0.69, based on 567 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. Medical Net's current Return-on-Tangible-Asset of 3.37% is 388.4% 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 Medical Net and its competitors. For the Interactive Media industry, the median Return-on-Tangible-Asset is 0.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Medical Net's current Return-on-Tangible-Asset is 3.37%, which is 30% below median its own 10-year median of 4.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Medical Net stock overvalued right now?
Based on GuruFocus' analysis, Medical Net (TSE:3645) is currently considered Significantly Undervalued. The stock's GF Value™ is 円428.01, compared to a current price of 円243.00 — trading 43.2% below its estimated fair value. The current Return-on-Tangible-Asset is 3.37%, which is 30% below median its 10-year median of 4.79 and 388.4% above the Interactive Media industry median of 0.69. Medical Net's overall GF Score™ is 61/100 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 Medical Net (TSE:3645), the current Return-on-Tangible-Asset is 3.37% 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 Medical Net (TSE:3645) Overvalued in 2026?
Based on GuruFocus' analysis, Medical Net stock appears to be undervalued.
The current stock price of 円243.00 is trading 43.2% below its estimated GF Value™ of 円428.01.
GuruFocus considers Medical Net to be Significantly Undervalued.
Key valuation signals for TSE:3645:
Return-on-Tangible-Asset: 3.37% (30% below median its 10-year median of 4.79)
GF Value™: 円428.01 vs. price of 円243.00 (43.2% below fair value)
Industry Position: 388.4% above the Interactive Media median (#258 of 567)
No single metric tells the full story. See the TSE:3645 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Medical Net Inc operates as a service-based holding company engaged in various healthcare-related businesses. It manages four main reporting segments: Media Platform, Medical Institution Management Support, Medical BtoB, and Cloud Integration. The Media Platform segment runs specialized portal websites focused on dentistry, beauty, and health. The Medical Institution Management Support segment offers SEO and listing advertisement services, website production and maintenance, and sales and operational support to dental clinics. The Medical BtoB segment manages member-based dental industry portals and provides research and marketing services. The Cloud Integration segment develops and maintains POS systems for retailers, manufacturers, and hospitals, primarily in Thailand.
61GF Score
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