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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.
Capital Asset PlanningTSE:3965 -0.23%74 Return-on-Tangible-Asset is 18.21% as of Mar. 2026, which is 228% above its 10-year median of 5.56. GuruFocus rates TSE:3965 with a GF Score™ of 74/100 and a GF Value™ of 円1,028.14 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 2,894 Software companies, Capital Asset Planning ranks better than 71.84% 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. Capital Asset Planning's annualizedNet Income for the quarter that ended in Mar. 2026 was 円1,159 Mil. Capital Asset Planning's average total tangible assets for the quarter that ended in Mar. 2026 was 円6,366 Mil. Therefore, Capital Asset Planning's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 18.21%.
The historical rank and industry rank for Capital Asset Planning's Return-on-Tangible-Asset or its related term are showing as below:
TSE:3965'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -5.4 Med: 5.56 Max: 8.8
Current: 8.8
During the past 11 years, Capital Asset Planning's highest Return-on-Tangible-Asset was 8.80%. The lowest was -5.40%. And the median was 5.56%.
TSE:3965's Return-on-Tangible-Asset is ranked better than 71.84% of 2894
companies
in the Software industry
Industry Median: 2.095
vs TSE:3965: 8.80
Capital Asset Planning (TSE:3965) 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.
Capital Asset Planning Return-on-Tangible-Asset Related Terms
Capital Asset Planning Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Capital Asset Planning'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.
Capital Asset Planning Return-on-Tangible-Asset Chart
TSE:3965 vs QH, SHOP, UBER: Return-on-Tangible-Asset Comparison
For the Software - Application subindustry, Capital Asset Planning'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.
Capital Asset Planning Return-on-Tangible-Asset vs Software Industry
For the Software industry and Technology sector, Capital Asset Planning's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Capital Asset Planning'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 18.21% mean?
Capital Asset Planning (TSE:3965) has a Return-on-Tangible-Asset of 18.21% 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 Capital Asset Planning and its competitors. This is 228% above median its historical median of 5.56. According to the industry distribution chart, Capital Asset Planning ranks #815 out of 2894 companies in the Software industry, placing it in the top 28.2%.
Is Capital Asset Planning's Return-on-Tangible-Asset too high?
Capital Asset Planning's current Return-on-Tangible-Asset of 18.21% is 228% above median its 10-year median of 5.56. The Software industry median Return-on-Tangible-Asset is 2.10. Capital Asset Planning's value of 18.21% is 769.2% above this industry median. Based on the distribution chart, Capital Asset Planning ranks #815 out of 2894 companies in the Software industry, which is above the industry midpoint. Overall, Capital Asset Planning has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Capital Asset Planning's Return-on-Tangible-Asset compare to QH and SHOP?
According to the Software industry distribution chart, Capital Asset Planning ranks #815 out of 2894 companies for Return-on-Tangible-Asset. This puts Capital Asset Planning in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.10. Capital Asset Planning's value of 18.21% is 769.2% above this benchmark. While the company's 10-year median is 5.56 vs. the industry median of 2.10, Capital Asset Planning 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. Capital Asset Planning's current Return-on-Tangible-Asset of 18.21% is 769.2% 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 Capital Asset Planning 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. Capital Asset Planning's current Return-on-Tangible-Asset is 18.21%, which is 228% above median its own 10-year median of 5.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Capital Asset Planning stock overvalued right now?
Based on GuruFocus' analysis, Capital Asset Planning (TSE:3965) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,028.14, compared to a current price of 円878.00 — trading 14.6% below its estimated fair value. The current Return-on-Tangible-Asset is 18.21%, which is 228% above median its 10-year median of 5.56 and 769.2% above the Software industry median of 2.10. Capital Asset Planning's overall GF Score™ is 74/100 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 Capital Asset Planning (TSE:3965), the current Return-on-Tangible-Asset is 18.21% 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 Capital Asset Planning (TSE:3965) Overvalued in 2026?
Based on GuruFocus' analysis, Capital Asset Planning stock appears to be undervalued.
The current stock price of 円878.00 is trading 14.6% below its estimated GF Value™ of 円1,028.14.
GuruFocus considers Capital Asset Planning to be Modestly Undervalued.
Key valuation signals for TSE:3965:
Return-on-Tangible-Asset: 18.21% (228% above median its 10-year median of 5.56)
GF Value™: 円1,028.14 vs. price of 円878.00 (14.6% below fair value)
Industry Position: 769.2% above the Software median (#815 of 2894)
No single metric tells the full story. See the TSE:3965 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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