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FullerTSE:387A +5.11%21 Return-on-Tangible-Asset is 16.97% as of Dec. 2025, which is 60% above its 10-year median of 10.62. GuruFocus rates TSE:387A with a GF Score™ of 21/100. The stock has 1 warning sign investors should review. Among 2,894 Software companies, Fuller ranks better than 73.19% 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. Fuller's annualizedNet Income for the quarter that ended in Dec. 2025 was 円302 Mil. Fuller's average total tangible assets for the quarter that ended in Dec. 2025 was 円1,781 Mil. Therefore, Fuller's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 16.97%.
The historical rank and industry rank for Fuller's Return-on-Tangible-Asset or its related term are showing as below:
TSE:387A'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.22 Med: 10.62 Max: 27.85
Current: 9.2
During the past 5 years, Fuller's highest Return-on-Tangible-Asset was 27.85%. The lowest was 2.22%. And the median was 10.62%.
TSE:387A's Return-on-Tangible-Asset is ranked better than 73.19% of 2894
companies
in the Software industry
Industry Median: 2.095
vs TSE:387A: 9.20
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.
Fuller Return-on-Tangible-Asset Related Terms
Fuller Return-on-Tangible-Asset Historical Data
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The historical data trend for Fuller'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:387A vs QH, SHOP, UBER: Return-on-Tangible-Asset Comparison
For the Software - Application subindustry, Fuller'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.
Fuller Return-on-Tangible-Asset vs Software Industry
For the Software industry and Technology sector, Fuller's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Fuller'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 (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 16.97% mean?
Fuller (TSE:387A) has a Return-on-Tangible-Asset of 16.97% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Fuller and its competitors. This is 60% above median its historical median of 10.62. Over the past decade, Fuller's Return-on-Tangible-Asset has ranged from 2.22 to 27.85. According to the industry distribution chart, Fuller ranks #776 out of 2894 companies in the Software industry, placing it in the top 26.8%.
Is Fuller's Return-on-Tangible-Asset too high?
Fuller's current Return-on-Tangible-Asset of 16.97% is 60% above median its 10-year median of 10.62. Over the past 10 years, this metric has ranged from a low of 2.22 to a high of 27.85. The Software industry median Return-on-Tangible-Asset is 2.10. Fuller's value of 16.97% is 710% above this industry median. Based on the distribution chart, Fuller ranks #776 out of 2894 companies in the Software industry, which is above the industry midpoint. Overall, Fuller has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Fuller's Return-on-Tangible-Asset compare to QH and SHOP?
According to the Software industry distribution chart, Fuller ranks #776 out of 2894 companies for Return-on-Tangible-Asset. This puts Fuller in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.10. Fuller's value of 16.97% is 710% above this benchmark. Historically, Fuller's own Return-on-Tangible-Asset has ranged from 2.22 to 27.85 over the past decade. While the company's 10-year median is 10.62 vs. the industry median of 2.10, Fuller 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 Software company?
The median Return-on-Tangible-Asset among Software companies is 2.10, based on 2,894 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. Fuller's current Return-on-Tangible-Asset of 16.97% is 710% 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 Fuller and its competitors. For the Software industry, the median Return-on-Tangible-Asset is 2.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fuller's current Return-on-Tangible-Asset is 16.97%, which is 60% above median its own 10-year median of 10.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fuller stock overvalued right now?
Fuller (TSE:387A) has a current Return-on-Tangible-Asset of 16.97%. The current Return-on-Tangible-Asset is 16.97%, which is 60% above median its 10-year median of 10.62 and 710% above the Software industry median of 2.10. Fuller's overall GF Score™ is 21/100 with 1 warning sign 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 Fuller (TSE:387A), the current Return-on-Tangible-Asset is 16.97% as of Dec. 2025. 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.
Fuller Inc has been growing its business with its base set in mobile. Fuller, with its core business centered around what smartphones are used for and analyzing data, operates by giving a great deal of consideration to its clients. In order to increase the value of its clients, the company comprehensively supports the success of mobile businesses of its clients through planning business models, researching competitors, developing and operating applications, analyzing usage data, and compiling tailored reports. The company develops apps by planning new business plans for the mobile generation and shifting existing services to mobile devices.
21GF Score
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