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Superbag CoTSE:3945 +1.15%54 Return-on-Tangible-Asset is 7.61% as of Mar. 2026, which is 195% above its 10-year median of 2.58. GuruFocus rates TSE:3945 with a GF Score™ of 54/100 and a GF Value™ of 円2,605.57 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 287 Forest Products companies, Superbag Co ranks better than 85.02% 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. Superbag Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円1,080 Mil. Superbag Co's average total tangible assets for the quarter that ended in Mar. 2026 was 円14,194 Mil. Therefore, Superbag Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 7.61%.
The historical rank and industry rank for Superbag Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:3945'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -5.37 Med: 2.58 Max: 6.49
Current: 5.6
During the past 13 years, Superbag Co's highest Return-on-Tangible-Asset was 6.49%. The lowest was -5.37%. And the median was 2.58%.
TSE:3945's Return-on-Tangible-Asset is ranked better than 85.02% of 287
companies
in the Forest Products industry
Industry Median: 0.99
vs TSE:3945: 5.60
Superbag Co (TSE:3945) 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.
Superbag Co Return-on-Tangible-Asset Related Terms
Superbag Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Superbag 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.
Superbag Co Return-on-Tangible-Asset Competitor Comparison
For the Paper & Paper Products subindustry, Superbag 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.
Superbag Co Return-on-Tangible-Asset vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Superbag Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Superbag 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 two times the semi-annual (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 7.61% mean?
Superbag Co (TSE:3945) has a Return-on-Tangible-Asset of 7.61% 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 Superbag Co and its competitors. This is 195% above median its historical median of 2.58. According to the industry distribution chart, Superbag Co ranks #43 out of 287 companies in the Forest Products industry, placing it in the top 15%.
Is Superbag Co's Return-on-Tangible-Asset too high?
Superbag Co's current Return-on-Tangible-Asset of 7.61% is 195% above median its 10-year median of 2.58. The Forest Products industry median Return-on-Tangible-Asset is 0.99. Superbag Co's value of 7.61% is 668.7% above this industry median. Based on the distribution chart, Superbag Co ranks #43 out of 287 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, Superbag Co has a GF Score™ of 54/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Superbag Co's Return-on-Tangible-Asset compare to competitors?
According to the Forest Products industry distribution chart, Superbag Co ranks #43 out of 287 companies for Return-on-Tangible-Asset. This places Superbag Co in the top 15% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 0.99. Superbag Co's value of 7.61% is 668.7% above this benchmark. While the company's 10-year median is 2.58 vs. the industry median of 0.99, Superbag 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 Forest Products company?
The median Return-on-Tangible-Asset among Forest Products companies is 0.99, based on 287 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. Superbag Co's current Return-on-Tangible-Asset of 7.61% is 668.7% 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 Superbag Co and its competitors. For the Forest Products industry, the median Return-on-Tangible-Asset is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Superbag Co's current Return-on-Tangible-Asset is 7.61%, which is 195% above median its own 10-year median of 2.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Superbag Co stock overvalued right now?
Based on GuruFocus' analysis, Superbag Co (TSE:3945) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,605.57, compared to a current price of 円2,296.00 — trading 11.9% below its estimated fair value. The current Return-on-Tangible-Asset is 7.61%, which is 195% above median its 10-year median of 2.58 and 668.7% above the Forest Products industry median of 0.99. Superbag Co's overall GF Score™ is 54/100 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 Superbag Co (TSE:3945), the current Return-on-Tangible-Asset is 7.61% 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 Superbag Co (TSE:3945) Overvalued in 2026?
Based on GuruFocus' analysis, Superbag Co stock appears to be undervalued.
The current stock price of 円2,296.00 is trading 11.9% below its estimated GF Value™ of 円2,605.57.
GuruFocus considers Superbag Co to be Modestly Undervalued.
Key valuation signals for TSE:3945:
Return-on-Tangible-Asset: 7.61% (195% above median its 10-year median of 2.58)
GF Value™: 円2,605.57 vs. price of 円2,296.00 (11.9% below fair value)
Industry Position: 668.7% above the Forest Products median (#43 of 287)
No single metric tells the full story. See the TSE:3945 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Superbag Co Ltd is the Japan-based company engaged in the manufacturing and distribution of paper and plastic shopping bags. Its product offering includes a plastic bag, a paper square bottom bag, delivery bag, eco bag and paperware.
54GF Score
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