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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.
Wealth ManagementTSE:3772 -0.29%57 Return-on-Tangible-Asset is 0.62% as of Mar. 2026, which is 93% below its 10-year median of 9.30. GuruFocus rates TSE:3772 with a GF Score™ of 57/100 and a GF Value™ of 円843.57 (Modestly Overvalued). The stock has 14 warning signs investors should review. Among 1,800 Real Estate companies, Wealth Management ranks worse than 76.17% 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. Wealth Management's annualizedNet Income for the quarter that ended in Mar. 2026 was 円454 Mil. Wealth Management's average total tangible assets for the quarter that ended in Mar. 2026 was 円73,370 Mil. Therefore, Wealth Management's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 0.62%.
The historical rank and industry rank for Wealth Management's Return-on-Tangible-Asset or its related term are showing as below:
TSE:3772'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -4.2 Med: 9.3 Max: 23.53
Current: -1.69
During the past 13 years, Wealth Management's highest Return-on-Tangible-Asset was 23.53%. The lowest was -4.20%. And the median was 9.30%.
TSE:3772's Return-on-Tangible-Asset is ranked worse than 76.17% of 1800
companies
in the Real Estate industry
Industry Median: 1.75
vs TSE:3772: -1.69
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.
Wealth Management Return-on-Tangible-Asset Related Terms
Wealth Management Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Wealth Management'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.
For the Real Estate - Diversified subindustry, Wealth Management'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.
Wealth Management Return-on-Tangible-Asset vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Wealth Management's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Wealth Management'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 two times the semi-annual (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 0.62% mean?
Wealth Management (TSE:3772) has a Return-on-Tangible-Asset of 0.62% 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 Wealth Management and its competitors. This is 93% below median its historical median of 9.30. According to the industry distribution chart, Wealth Management ranks #1371 out of 1800 companies in the Real Estate industry, placing it in the top 76.2%.
Is Wealth Management's Return-on-Tangible-Asset too high?
Wealth Management's current Return-on-Tangible-Asset of 0.62% is 93% below median its 10-year median of 9.30. The Real Estate industry median Return-on-Tangible-Asset is 1.75. Wealth Management's value of 0.62% is 64.6% below this industry median. Based on the distribution chart, Wealth Management ranks #1371 out of 1800 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Wealth Management has a GF Score™ of 57/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Wealth Management's Return-on-Tangible-Asset compare to competitors?
According to the Real Estate industry distribution chart, Wealth Management ranks #1371 out of 1800 companies for Return-on-Tangible-Asset. This places Wealth Management in the lower half of its industry. The industry median Return-on-Tangible-Asset is 1.75. Wealth Management's value of 0.62% is 64.6% below this benchmark. While the company's 10-year median is 9.30 vs. the industry median of 1.75, Wealth Management has consistently been below 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 Real Estate company?
The median Return-on-Tangible-Asset among Real Estate companies is 1.75, based on 1,800 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. Wealth Management's current Return-on-Tangible-Asset of 0.62% is 64.6% below 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 Wealth Management and its competitors. For the Real Estate industry, the median Return-on-Tangible-Asset is 1.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wealth Management's current Return-on-Tangible-Asset is 0.62%, which is 93% below median its own 10-year median of 9.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wealth Management stock overvalued right now?
Based on GuruFocus' analysis, Wealth Management (TSE:3772) is currently considered Modestly Overvalued. The stock's GF Value™ is 円843.57, compared to a current price of 円1,049.00 — trading 24.4% above its estimated fair value. The current Return-on-Tangible-Asset is 0.62%, which is 93% below median its 10-year median of 9.30 and 64.6% below the Real Estate industry median of 1.75. Wealth Management's overall GF Score™ is 57/100 with 14 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 Wealth Management (TSE:3772), the current Return-on-Tangible-Asset is 0.62% 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 Wealth Management (TSE:3772) Overvalued in 2026?
Based on GuruFocus' analysis, Wealth Management stock appears to be overvalued.
The current stock price of 円1,049.00 is trading 24.4% above its estimated GF Value™ of 円843.57.
GuruFocus considers Wealth Management to be Modestly Overvalued.
Key valuation signals for TSE:3772:
Return-on-Tangible-Asset: 0.62% (93% below median its 10-year median of 9.30)
GF Value™: 円843.57 vs. price of 円1,049.00 (24.4% above fair value)
Industry Position: 64.6% below the Real Estate median (#1371 of 1800)
No single metric tells the full story. See the TSE:3772 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wealth Management Inc, along with its subsidiaries, operates in the following reportable segments: Asset management business, Real Estate business, and Hotel operation business. The majority of its revenue is generated from the Real Estate business, which is engaged in the acquisition, development, ownership, sale, and rental (master lease), etc., of real estate. The Asset management business is engaged in the operation and management of real estate and also provides investment advice on the acquisition, sale, and management of real estate. The Hotel operation business provides various services related to hotel operation, such as revenue management, on-site management of hotels, and consulting on hotel opening and operation.
57GF Score
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