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NEXON CoTSE:3659 -0.20%85 Return-on-Tangible-Asset is 9.21% as of Jun. 2026, which is 19% below its 10-year median of 11.31. GuruFocus rates TSE:3659 with a GF Score™ of 85/100 and a GF Value™ of 円3,386.59 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 564 Interactive Media companies, NEXON Co ranks better than 74.65% 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. NEXON Co's annualizedNet Income for the quarter that ended in Jun. 2026 was 円118,556 Mil. NEXON Co's average total tangible assets for the quarter that ended in Jun. 2026 was 円1,286,912 Mil. Therefore, NEXON Co's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 9.21%.
The historical rank and industry rank for NEXON Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:3659'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 5.03 Med: 11.31 Max: 19.42
Current: 9.95
During the past 13 years, NEXON Co's highest Return-on-Tangible-Asset was 19.42%. The lowest was 5.03%. And the median was 11.31%.
TSE:3659's Return-on-Tangible-Asset is ranked better than 74.65% of 564
companies
in the Interactive Media industry
Industry Median: 0.765
vs TSE:3659: 9.95
NEXON Co (TSE:3659) 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.
NEXON Co Return-on-Tangible-Asset Related Terms
NEXON Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for NEXON 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:3659 vs NTES, EA, TTWO: Return-on-Tangible-Asset Comparison
For the Electronic Gaming & Multimedia subindustry, NEXON 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.
NEXON Co Return-on-Tangible-Asset vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, NEXON Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where NEXON 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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 9.21% mean?
NEXON Co (TSE:3659) has a Return-on-Tangible-Asset of 9.21% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on NEXON Co and its competitors. This is 19% below median its historical median of 11.31. Over the past decade, NEXON Co's Return-on-Tangible-Asset has ranged from 5.03 to 19.42. According to the industry distribution chart, NEXON Co ranks #143 out of 564 companies in the Interactive Media industry, placing it in the top 25.4%.
Is NEXON Co's Return-on-Tangible-Asset too high?
NEXON Co's current Return-on-Tangible-Asset of 9.21% is 19% below median its 10-year median of 11.31. Over the past 10 years, this metric has ranged from a low of 5.03 to a high of 19.42. The Interactive Media industry median Return-on-Tangible-Asset is 0.77. NEXON Co's value of 9.21% is 1103.9% above this industry median. Based on the distribution chart, NEXON Co ranks #143 out of 564 companies in the Interactive Media industry, which is above the industry midpoint. Overall, NEXON Co has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NEXON Co's Return-on-Tangible-Asset compare to NTES and EA?
According to the Interactive Media industry distribution chart, NEXON Co ranks #143 out of 564 companies for Return-on-Tangible-Asset. This puts NEXON Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 0.77. NEXON Co's value of 9.21% is 1103.9% above this benchmark. Historically, NEXON Co's own Return-on-Tangible-Asset has ranged from 5.03 to 19.42 over the past decade. While the company's 10-year median is 11.31 vs. the industry median of 0.77, NEXON Co 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 0.77, based on 564 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. NEXON Co's current Return-on-Tangible-Asset of 9.21% is 1103.9% 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 NEXON Co and its competitors. For the Interactive Media industry, the median Return-on-Tangible-Asset is 0.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NEXON Co's current Return-on-Tangible-Asset is 9.21%, which is 19% below median its own 10-year median of 11.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NEXON Co stock overvalued right now?
Based on GuruFocus' analysis, NEXON Co (TSE:3659) is currently considered Modestly Undervalued. The stock's GF Value™ is 円3,386.59, compared to a current price of 円2,521.50 — trading 25.5% below its estimated fair value. The current Return-on-Tangible-Asset is 9.21%, which is 19% below median its 10-year median of 11.31 and 1103.9% above the Interactive Media industry median of 0.77. NEXON Co's overall GF Score™ is 85/100 with 2 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 NEXON Co (TSE:3659), the current Return-on-Tangible-Asset is 9.21% as of Jun. 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 NEXON Co (TSE:3659) Overvalued in 2026?
Based on GuruFocus' analysis, NEXON Co stock appears to be undervalued.
The current stock price of 円2,521.50 is trading 25.5% below its estimated GF Value™ of 円3,386.59.
GuruFocus considers NEXON Co to be Modestly Undervalued.
Key valuation signals for TSE:3659:
Return-on-Tangible-Asset: 9.21% (19% below median its 10-year median of 11.31)
GF Value™: 円3,386.59 vs. price of 円2,521.50 (25.5% below fair value)
Industry Position: 1103.9% above the Interactive Media median (#143 of 564)
No single metric tells the full story. See the TSE:3659 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nexon is a South Korean online game developer and publisher, founded in 1994 in Korea by Kim Jung-ju. In 2005, the company moved its headquarters to Tokyo, Japan, and has operations in Korea, the US, Taiwan, and Thailand. The company's most notable franchises are MapleStory, Dungeon & Fighter, Sudden Attack, and KartRider. Nexon has been the publisher for EA's FC Online game franchise in Korea and Japan since 2013. Nexon acquired an independent game developer, Embark Studios AB, located in Stockholm, Sweden, in 2019.
85GF Score
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