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Benefit Japan CoTSE:3934 -0.68%81 Return-on-Tangible-Asset is 8.37% as of Mar. 2026, which is 28% below its 10-year median of 11.57. GuruFocus rates TSE:3934 with a GF Score™ of 81/100 and a GF Value™ of 円1,901.79 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 366 Telecommunication Services companies, Benefit Japan Co ranks better than 71.31% 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. Benefit Japan Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円1,132 Mil. Benefit Japan Co's average total tangible assets for the quarter that ended in Mar. 2026 was 円13,526 Mil. Therefore, Benefit Japan Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 8.37%.
The historical rank and industry rank for Benefit Japan Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:3934'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 5.67 Med: 11.57 Max: 14.17
Current: 7.91
During the past 12 years, Benefit Japan Co's highest Return-on-Tangible-Asset was 14.17%. The lowest was 5.67%. And the median was 11.57%.
TSE:3934's Return-on-Tangible-Asset is ranked better than 71.31% of 366
companies
in the Telecommunication Services industry
Industry Median: 3.36
vs TSE:3934: 7.91
Benefit Japan Co (TSE:3934) 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.
Benefit Japan Co Return-on-Tangible-Asset Related Terms
Benefit Japan Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Benefit Japan 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:3934 vs VZ, TMUS, T: Return-on-Tangible-Asset Comparison
For the Telecom Services subindustry, Benefit Japan 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.
Benefit Japan Co Return-on-Tangible-Asset vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Benefit Japan Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Benefit Japan 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 8.37% mean?
Benefit Japan Co (TSE:3934) has a Return-on-Tangible-Asset of 8.37% 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 Benefit Japan Co and its competitors. This is 28% below median its historical median of 11.57. Over the past decade, Benefit Japan Co's Return-on-Tangible-Asset has ranged from 5.67 to 14.17. According to the industry distribution chart, Benefit Japan Co ranks #105 out of 366 companies in the Telecommunication Services industry, placing it in the top 28.7%.
Is Benefit Japan Co's Return-on-Tangible-Asset too high?
Benefit Japan Co's current Return-on-Tangible-Asset of 8.37% is 28% below median its 10-year median of 11.57. Over the past 10 years, this metric has ranged from a low of 5.67 to a high of 14.17. The Telecommunication Services industry median Return-on-Tangible-Asset is 3.36. Benefit Japan Co's value of 8.37% is 149.1% above this industry median. Based on the distribution chart, Benefit Japan Co ranks #105 out of 366 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Benefit Japan Co has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Benefit Japan Co's Return-on-Tangible-Asset compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Benefit Japan Co ranks #105 out of 366 companies for Return-on-Tangible-Asset. This puts Benefit Japan Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.36. Benefit Japan Co's value of 8.37% is 149.1% above this benchmark. Historically, Benefit Japan Co's own Return-on-Tangible-Asset has ranged from 5.67 to 14.17 over the past decade. While the company's 10-year median is 11.57 vs. the industry median of 3.36, Benefit Japan 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 Telecommunication Services company?
The median Return-on-Tangible-Asset among Telecommunication Services companies is 3.36, based on 366 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. Benefit Japan Co's current Return-on-Tangible-Asset of 8.37% is 149.1% 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 Benefit Japan Co and its competitors. For the Telecommunication Services industry, the median Return-on-Tangible-Asset is 3.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Benefit Japan Co's current Return-on-Tangible-Asset is 8.37%, which is 28% below median its own 10-year median of 11.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Benefit Japan Co stock overvalued right now?
Based on GuruFocus' analysis, Benefit Japan Co (TSE:3934) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,901.79, compared to a current price of 円2,175.00 — trading 14.4% above its estimated fair value. The current Return-on-Tangible-Asset is 8.37%, which is 28% below median its 10-year median of 11.57 and 149.1% above the Telecommunication Services industry median of 3.36. Benefit Japan Co's overall GF Score™ is 81/100 with 2 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 Benefit Japan Co (TSE:3934), the current Return-on-Tangible-Asset is 8.37% 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 Benefit Japan Co (TSE:3934) Overvalued in 2026?
Based on GuruFocus' analysis, Benefit Japan Co stock appears to be overvalued.
The current stock price of 円2,175.00 is trading 14.4% above its estimated GF Value™ of 円1,901.79.
GuruFocus considers Benefit Japan Co to be Modestly Overvalued.
Key valuation signals for TSE:3934:
Return-on-Tangible-Asset: 8.37% (28% below median its 10-year median of 11.57)
GF Value™: 円1,901.79 vs. price of 円2,175.00 (14.4% above fair value)
Industry Position: 149.1% above the Telecommunication Services median (#105 of 366)
No single metric tells the full story. See the TSE:3934 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Benefit Japan Co Ltd provides communication services. The company is a mobile virtual network operator, as well as an FVNO (virtual fixed-line telecommunications operator) servicer and provides internet options services and content, and support services. It provides its services under the Only Service brand name. The company's reportable segments are the Internet communication services business and the robotics business. The company generates the majority of its revenue from the Internet communication services business.
81GF Score
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