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Ecomic CoTSE:3802 +0.61%79 Return-on-Tangible-Asset is 12.06% as of Mar. 2026, which is 7% above its 10-year median of 11.29. GuruFocus rates TSE:3802 with a GF Score™ of 79/100 and a GF Value™ of 円474.24 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,098 Business Services companies, Ecomic Co ranks better than 64.75% 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. Ecomic Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円212 Mil. Ecomic Co's average total tangible assets for the quarter that ended in Mar. 2026 was 円1,757 Mil. Therefore, Ecomic Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 12.06%.
The historical rank and industry rank for Ecomic Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:3802'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.38 Med: 11.29 Max: 14.19
Current: 6.9
During the past 13 years, Ecomic Co's highest Return-on-Tangible-Asset was 14.19%. The lowest was 2.38%. And the median was 11.29%.
TSE:3802's Return-on-Tangible-Asset is ranked better than 64.75% of 1098
companies
in the Business Services industry
Industry Median: 3.975
vs TSE:3802: 6.90
Ecomic Co (TSE:3802) 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.
Ecomic Co Return-on-Tangible-Asset Related Terms
Ecomic Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Ecomic 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:3802 vs CTAS, CPRT, GPN: Return-on-Tangible-Asset Comparison
For the Specialty Business Services subindustry, Ecomic 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.
Ecomic Co Return-on-Tangible-Asset vs Business Services Industry
For the Business Services industry and Industrials sector, Ecomic Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Ecomic 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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 12.06% mean?
Ecomic Co (TSE:3802) has a Return-on-Tangible-Asset of 12.06% 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 Ecomic Co and its competitors. This is near median its historical median of 11.29. Over the past decade, Ecomic Co's Return-on-Tangible-Asset has ranged from 2.38 to 14.19. According to the industry distribution chart, Ecomic Co ranks #387 out of 1098 companies in the Business Services industry, placing it in the top 35.2%.
Is Ecomic Co's Return-on-Tangible-Asset too high?
Ecomic Co's current Return-on-Tangible-Asset of 12.06% is near median its 10-year median of 11.29. Over the past 10 years, this metric has ranged from a low of 2.38 to a high of 14.19. The Business Services industry median Return-on-Tangible-Asset is 3.98. Ecomic Co's value of 12.06% is 203.4% above this industry median. Based on the distribution chart, Ecomic Co ranks #387 out of 1098 companies in the Business Services industry, which is above the industry midpoint. Overall, Ecomic Co has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ecomic Co's Return-on-Tangible-Asset compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Ecomic Co ranks #387 out of 1098 companies for Return-on-Tangible-Asset. This puts Ecomic Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.98. Ecomic Co's value of 12.06% is 203.4% above this benchmark. Historically, Ecomic Co's own Return-on-Tangible-Asset has ranged from 2.38 to 14.19 over the past decade. While the company's 10-year median is 11.29 vs. the industry median of 3.98, Ecomic 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 a Business Services company?
The median Return-on-Tangible-Asset among Business Services companies is 3.98, based on 1,098 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. Ecomic Co's current Return-on-Tangible-Asset of 12.06% is 203.4% 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 Ecomic Co and its competitors. For the Business Services industry, the median Return-on-Tangible-Asset is 3.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ecomic Co's current Return-on-Tangible-Asset is 12.06%, which is near median its own 10-year median of 11.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ecomic Co stock overvalued right now?
Based on GuruFocus' analysis, Ecomic Co (TSE:3802) is currently considered Fairly Valued. The stock's GF Value™ is 円474.24, compared to a current price of 円491.00 — trading 3.5% above its estimated fair value. The current Return-on-Tangible-Asset is 12.06%, which is near median its 10-year median of 11.29 and 203.4% above the Business Services industry median of 3.98. Ecomic Co's overall GF Score™ is 79/100 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 Ecomic Co (TSE:3802), the current Return-on-Tangible-Asset is 12.06% 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 Ecomic Co (TSE:3802) Overvalued in 2026?
Based on GuruFocus' analysis, Ecomic Co stock appears to be overvalued.
The current stock price of 円491.00 is trading 3.5% above its estimated GF Value™ of 円474.24.
GuruFocus considers Ecomic Co to be Fairly Valued.
Key valuation signals for TSE:3802:
Return-on-Tangible-Asset: 12.06% (near median its 10-year median of 11.29)
GF Value™: 円474.24 vs. price of 円491.00 (3.5% above fair value)
Industry Position: 203.4% above the Business Services median (#387 of 1098)
No single metric tells the full story. See the TSE:3802 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ecomic Co Ltd is a Japanese firm. It provides payroll outsourcing services. The Company develops and sells payroll calculation systems and provides salary consulting services throughout Japan. It also develops and maintains computer software and sells and operates personnel management systems.
79GF Score
Get the complete analysis for TSE:3802
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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