Digital Plus (TSE:3691) Return-on-Tangible-Asset: -6.32% (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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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.

TSE:3691 Digital Plus Inc TSE:3691
44 GF Score
Price 円1,849.00
GF Value 円979.96
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Digital Plus Return-on-Tangible-Asset?

Digital Plus TSE:3691 -0.38% 44 Return-on-Tangible-Asset is -6.32% as of Mar. 2026. GuruFocus rates TSE:3691 with a GF Score™ of 44/100 and a GF Value™ of 円979.96 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 564 Interactive Media companies, Digital Plus ranks worse than 55.67% 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. Digital Plus's annualized Net Income for the quarter that ended in Mar. 2026 was 円-226 Mil. Digital Plus's average total tangible assets for the quarter that ended in Mar. 2026 was 円3,570 Mil. Therefore, Digital Plus's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -6.32%.

The historical rank and industry rank for Digital Plus's Return-on-Tangible-Asset or its related term are showing as below:

TSE:3691' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -27.52   Med: -4.37   Max: 2.81
Current: -2.46

During the past 13 years, Digital Plus's highest Return-on-Tangible-Asset was 2.81%. The lowest was -27.52%. And the median was -4.37%.

TSE:3691's Return-on-Tangible-Asset is ranked worse than
55.67% of 564 companies
in the Interactive Media industry
Industry Median: 0.765 vs TSE:3691: -2.46

Digital Plus  (TSE:3691) 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 company’s 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 company’s 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.


Digital Plus Return-on-Tangible-Asset Related Terms


Digital Plus Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Digital Plus'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.

Digital Plus Return-on-Tangible-Asset Chart

Digital Plus Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.81 -16.70 -21.00 1.42 -3.04

Digital Plus Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 -9.26 4.26 1.44 -6.32

TSE:3691 vs GOOGL, META, SPOT: Return-on-Tangible-Asset Comparison

For the Internet Content & Information subindustry, Digital Plus'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.


Digital Plus Return-on-Tangible-Asset vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Digital Plus's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Digital Plus's Return-on-Tangible-Asset falls into.


TSE:3691
44GF Score
Digital Plus Inc TSE:3691
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Digital Plus Return-on-Tangible-Asset Calculation

Digital Plus's annualized Return-on-Tangible-Asset for the fiscal year that ended in Sep. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Sep. 2025 )  (A: Sep. 2024 )(A: Sep. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Sep. 2025 )  (A: Sep. 2024 )(A: Sep. 2025 )
=-71.251/( (1795.587+2898.277)/ 2 )
=-71.251/2346.932
=-3.04 %

Digital Plus's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=-225.748/( (3048.513+4091.967)/ 2 )
=-225.748/3570.24
=-6.32 %

* 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 -6.32% mean?
Digital Plus (TSE:3691) has a Return-on-Tangible-Asset of -6.32% 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 Digital Plus and its competitors. According to the industry distribution chart, Digital Plus ranks #314 out of 564 companies in the Interactive Media industry, placing it in the top 55.7%.
Is Digital Plus' Return-on-Tangible-Asset too high?
Digital Plus' current Return-on-Tangible-Asset is -6.32%. Based on the distribution chart, Digital Plus ranks #314 out of 564 companies in the Interactive Media industry, which is below the industry midpoint. Overall, Digital Plus has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Digital Plus' Return-on-Tangible-Asset compare to GOOGL and META?
According to the Interactive Media industry distribution chart, Digital Plus ranks #314 out of 564 companies for Return-on-Tangible-Asset. This places Digital Plus in the lower half of its industry. The industry median Return-on-Tangible-Asset is 0.77. 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. 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 Digital Plus 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. Digital Plus's current Return-on-Tangible-Asset is -6.32%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Digital Plus stock overvalued right now?
Based on GuruFocus' analysis, Digital Plus (TSE:3691) is currently considered Significantly Overvalued. The stock's GF Value™ is 円979.96, compared to a current price of 円1,849.00 — trading 88.7% above its estimated fair value. The current Return-on-Tangible-Asset is -6.32%. Digital Plus' overall GF Score™ is 44/100 with 9 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 Digital Plus (TSE:3691), the current Return-on-Tangible-Asset is -6.32% 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 Digital Plus (TSE:3691) Overvalued in 2026?

Based on GuruFocus' analysis, Digital Plus stock appears to be overvalued. The current stock price of 円1,849.00 is trading 88.7% above its estimated GF Value™ of 円979.96. GuruFocus considers Digital Plus to be Significantly Overvalued.

Key valuation signals for TSE:3691:

  • Return-on-Tangible-Asset: -6.32%
  • GF Value™: 円979.96 vs. price of 円1,849.00 (88.7% above fair value)
  • GF Score™: 44/100 with 9 warning signs

No single metric tells the full story. See the TSE:3691 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Digital Plus Business Description

Address 30-13 Motoyoyogi-cho, Tokyo ONEST Motoyoyogi Square, Shibuya-ku, JPN, 151-0062
Digital Plus Inc formerly Realworld Inc provides crowd sourcing services. The Company also offers cloud media and point exchange services. The Group is comprises of service segments based on business divisions that provide different services, with two reportable segments being the Digital Marketing Business and the FinTech Business. Digital marketing segments manages advertising agency, solution development and sales, consulting services Owned media management and alliance media management. The Fintech includes operation of Digital wallet, application of new technologies such as the blockchain used in Bitcoin, business development in the financial field such as investment, factoring.
44GF Score

Get the complete analysis for TSE:3691

Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円1,849.00
Price
円979.96
GF Value