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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.
AltPlusTSE:3672 47 Return-on-Tangible-Asset is -39.13% as of Jun. 2026. GuruFocus rates TSE:3672 with a GF Score™ of 47/100 and a GF Value™ of 円24.20 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 567 Interactive Media companies, AltPlus ranks worse than 70.72% 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. AltPlus's annualizedNet Income for the quarter that ended in Jun. 2026 was 円-801 Mil. AltPlus's average total tangible assets for the quarter that ended in Jun. 2026 was 円0 Mil. Therefore, AltPlus's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was -39.13%.
The historical rank and industry rank for AltPlus's Return-on-Tangible-Asset or its related term are showing as below:
TSE:3672'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -72.76 Med: -26.37 Max: -5.47
Current: -16.2
During the past 13 years, AltPlus's highest Return-on-Tangible-Asset was -5.47%. The lowest was -72.76%. And the median was -26.37%.
TSE:3672's Return-on-Tangible-Asset is ranked worse than 70.72% of 567
companies
in the Interactive Media industry
Industry Median: 0.75
vs TSE:3672: -16.20
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.
AltPlus Return-on-Tangible-Asset Related Terms
AltPlus Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for AltPlus'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:3672 vs NTES, TTWO, RBLX: Return-on-Tangible-Asset Comparison
For the Electronic Gaming & Multimedia subindustry, AltPlus'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.
AltPlus Return-on-Tangible-Asset vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, AltPlus's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where AltPlus'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 -39.13% mean?
AltPlus (TSE:3672) has a Return-on-Tangible-Asset of -39.13% 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 AltPlus and its competitors. According to the industry distribution chart, AltPlus ranks #401 out of 567 companies in the Interactive Media industry, placing it in the top 70.7%.
Is AltPlus' Return-on-Tangible-Asset too high?
AltPlus' current Return-on-Tangible-Asset is -39.13%. Based on the distribution chart, AltPlus ranks #401 out of 567 companies in the Interactive Media industry, which is below the industry midpoint. Overall, AltPlus has a GF Score™ of 47/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AltPlus' Return-on-Tangible-Asset compare to NTES and TTWO?
According to the Interactive Media industry distribution chart, AltPlus ranks #401 out of 567 companies for Return-on-Tangible-Asset. This places AltPlus in the lower half of its industry. The industry median Return-on-Tangible-Asset is 0.75. 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 0.75, 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. 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 AltPlus and its competitors. For the Interactive Media industry, the median Return-on-Tangible-Asset is 0.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AltPlus's current Return-on-Tangible-Asset is -39.13%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AltPlus stock overvalued right now?
Based on GuruFocus' analysis, AltPlus (TSE:3672) is currently considered Modestly Overvalued. The stock's GF Value™ is 円24.20, compared to a current price of 円29.00 — trading 19.8% above its estimated fair value. The current Return-on-Tangible-Asset is -39.13%. AltPlus' overall GF Score™ is 47/100 with 5 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 AltPlus (TSE:3672), the current Return-on-Tangible-Asset is -39.13% 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 AltPlus (TSE:3672) Overvalued in 2026?
Based on GuruFocus' analysis, AltPlus stock appears to be overvalued.
The current stock price of 円29.00 is trading 19.8% above its estimated GF Value™ of 円24.20.
GuruFocus considers AltPlus to be Modestly Overvalued.
Key valuation signals for TSE:3672:
Return-on-Tangible-Asset: -39.13%
GF Value™: 円24.20 vs. price of 円29.00 (19.8% above fair value)
No single metric tells the full story. See the TSE:3672 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AltPlus Inc. is a Japanese digital entertainment company primarily engaged in the planning, development, and operation of mobile and social games. The company develops game titles for smartphones and other online platforms, often working with partners and licensors to create games based on popular anime, manga, and other intellectual properties. Its services include game design, programming, art production, and live operations, including in-game item sales and event-based monetization. AltPlus also provides development support and technology services to other game companies. Its primary market is Japan, with some titles distributed in other Asian markets. Revenue is generated mainly through free-to-play games supported by microtransactions, advertising, and contracted development work for third parties.
47GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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