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Nippon KodoshiTSE:3891 -0.15%69 Return-on-Tangible-Asset is 7.15% as of Mar. 2026, which is 22% above its 10-year median of 5.88. GuruFocus rates TSE:3891 with a GF Score™ of 69/100 and a GF Value™ of 円2,466.33 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,499 Hardware companies, Nippon Kodoshi ranks better than 78.11% 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. Nippon Kodoshi's annualizedNet Income for the quarter that ended in Mar. 2026 was 円2,542 Mil. Nippon Kodoshi's average total tangible assets for the quarter that ended in Mar. 2026 was 円35,570 Mil. Therefore, Nippon Kodoshi's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 7.15%.
The historical rank and industry rank for Nippon Kodoshi's Return-on-Tangible-Asset or its related term are showing as below:
TSE:3891'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.93 Med: 5.88 Max: 11.44
Current: 7.48
During the past 13 years, Nippon Kodoshi's highest Return-on-Tangible-Asset was 11.44%. The lowest was -1.93%. And the median was 5.88%.
TSE:3891's Return-on-Tangible-Asset is ranked better than 78.11% of 2499
companies
in the Hardware industry
Industry Median: 2.47
vs TSE:3891: 7.48
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.
Nippon Kodoshi Return-on-Tangible-Asset Related Terms
Nippon Kodoshi Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Nippon Kodoshi'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:3891 vs APH, GLW, TEL: Return-on-Tangible-Asset Comparison
For the Electronic Components subindustry, Nippon Kodoshi'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.
Nippon Kodoshi Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Nippon Kodoshi's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Nippon Kodoshi'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 7.15% mean?
Nippon Kodoshi (TSE:3891) has a Return-on-Tangible-Asset of 7.15% 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 Nippon Kodoshi and its competitors. This is 22% above median its historical median of 5.88. According to the industry distribution chart, Nippon Kodoshi ranks #547 out of 2499 companies in the Hardware industry, placing it in the top 21.9%.
Is Nippon Kodoshi's Return-on-Tangible-Asset too high?
Nippon Kodoshi's current Return-on-Tangible-Asset of 7.15% is 22% above median its 10-year median of 5.88. The Hardware industry median Return-on-Tangible-Asset is 2.47. Nippon Kodoshi's value of 7.15% is 189.5% above this industry median. Based on the distribution chart, Nippon Kodoshi ranks #547 out of 2499 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Nippon Kodoshi has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Kodoshi's Return-on-Tangible-Asset compare to APH and GLW?
According to the Hardware industry distribution chart, Nippon Kodoshi ranks #547 out of 2499 companies for Return-on-Tangible-Asset. This places Nippon Kodoshi in the top 22% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.47. Nippon Kodoshi's value of 7.15% is 189.5% above this benchmark. While the company's 10-year median is 5.88 vs. the industry median of 2.47, Nippon Kodoshi 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 Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.47, based on 2,499 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. Nippon Kodoshi's current Return-on-Tangible-Asset of 7.15% is 189.5% 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 Nippon Kodoshi and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Kodoshi's current Return-on-Tangible-Asset is 7.15%, which is 22% above median its own 10-year median of 5.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Kodoshi stock overvalued right now?
Based on GuruFocus' analysis, Nippon Kodoshi (TSE:3891) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,466.33, compared to a current price of 円6,800.00 — trading 175.7% above its estimated fair value. The current Return-on-Tangible-Asset is 7.15%, which is 22% above median its 10-year median of 5.88 and 189.5% above the Hardware industry median of 2.47. Nippon Kodoshi's overall GF Score™ is 69/100 with 3 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 Nippon Kodoshi (TSE:3891), the current Return-on-Tangible-Asset is 7.15% 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 Nippon Kodoshi (TSE:3891) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Kodoshi stock appears to be overvalued.
The current stock price of 円6,800.00 is trading 175.7% above its estimated GF Value™ of 円2,466.33.
GuruFocus considers Nippon Kodoshi to be Significantly Overvalued.
Key valuation signals for TSE:3891:
Return-on-Tangible-Asset: 7.15% (22% above median its 10-year median of 5.88)
GF Value™: 円2,466.33 vs. price of 円6,800.00 (175.7% above fair value)
Industry Position: 189.5% above the Hardware median (#547 of 2499)
No single metric tells the full story. See the TSE:3891 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Kodoshi Corp manufactures separators for aluminium electrolytic capacitors and batteries. The company is engaged in the fusion of paper and electronics, the search for new materials, and finding applications in electronic components.
69GF Score
Get the complete analysis for TSE:3891
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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