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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.
Hatena CoTSE:3930 +0.14%72 Return-on-Tangible-Asset is -111.65% as of Apr. 2026. GuruFocus rates TSE:3930 with a GF Score™ of 72/100 and a GF Value™ of 円779.89 (Fairly Valued). The stock has 5 warning signs investors should review. Among 566 Interactive Media companies, Hatena Co ranks worse than 75.62% 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. Hatena Co's annualizedNet Income for the quarter that ended in Apr. 2026 was 円-3,138 Mil. Hatena Co's average total tangible assets for the quarter that ended in Apr. 2026 was 円2,810 Mil. Therefore, Hatena Co's annualized Return-on-Tangible-Asset for the quarter that ended in Apr. 2026 was -111.65%.
The historical rank and industry rank for Hatena Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:3930'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -25.33 Med: 9.25 Max: 17.19
Current: -25.33
During the past 11 years, Hatena Co's highest Return-on-Tangible-Asset was 17.19%. The lowest was -25.33%. And the median was 9.25%.
TSE:3930's Return-on-Tangible-Asset is ranked worse than 75.62% of 566
companies
in the Interactive Media industry
Industry Median: 0.6
vs TSE:3930: -25.33
Hatena Co (TSE:3930) 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.
Hatena Co Return-on-Tangible-Asset Related Terms
Hatena Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Hatena 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:3930 vs GOOGL, META, SPOT: Return-on-Tangible-Asset Comparison
For the Internet Content & Information subindustry, Hatena 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.
Hatena Co Return-on-Tangible-Asset vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Hatena Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Hatena 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 (Apr. 2026) net income data.
What does a Return-on-Tangible-Asset of -111.65% mean?
Hatena Co (TSE:3930) has a Return-on-Tangible-Asset of -111.65% as of Apr. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Hatena Co and its competitors. According to the industry distribution chart, Hatena Co ranks #428 out of 566 companies in the Interactive Media industry, placing it in the top 75.6%.
Is Hatena Co's Return-on-Tangible-Asset too high?
Hatena Co's current Return-on-Tangible-Asset is -111.65%. Based on the distribution chart, Hatena Co ranks #428 out of 566 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, Hatena Co has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hatena Co's Return-on-Tangible-Asset compare to GOOGL and META?
According to the Interactive Media industry distribution chart, Hatena Co ranks #428 out of 566 companies for Return-on-Tangible-Asset. This places Hatena Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 0.60. 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 0.60, based on 566 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 Hatena Co and its competitors. For the Interactive Media industry, the median Return-on-Tangible-Asset is 0.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hatena Co's current Return-on-Tangible-Asset is -111.65%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hatena Co stock overvalued right now?
Based on GuruFocus' analysis, Hatena Co (TSE:3930) is currently considered Fairly Valued. The stock's GF Value™ is 円779.89, compared to a current price of 円731.00 — trading 6.3% below its estimated fair value. The current Return-on-Tangible-Asset is -111.65%. Hatena Co's overall GF Score™ is 72/100 with 5 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 Hatena Co (TSE:3930), the current Return-on-Tangible-Asset is -111.65% as of Apr. 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 Hatena Co (TSE:3930) Overvalued in 2026?
Based on GuruFocus' analysis, Hatena Co stock appears to be undervalued.
The current stock price of 円731.00 is trading 6.3% below its estimated GF Value™ of 円779.89.
GuruFocus considers Hatena Co to be Fairly Valued.
Key valuation signals for TSE:3930:
Return-on-Tangible-Asset: -111.65%
GF Value™: 円779.89 vs. price of 円731.00 (6.3% below fair value)
No single metric tells the full story. See the TSE:3930 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hatena Co Ltd provides internet content platform services and content marketing services technology solutions. Its content platform services include the blog, bookmark services, and shared dictionary service.
72GF Score
Get the complete analysis for TSE:3930
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