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User LocalTSE:3984 -16.78%88 Return-on-Tangible-Asset is 18.84% as of Dec. 2025, which is 37% above its 10-year median of 13.74. GuruFocus rates TSE:3984 with a GF Score™ of 88/100 and a GF Value™ of 円2,913.69 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 2,892 Software companies, User Local ranks better than 84.96% 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. User Local's annualizedNet Income for the quarter that ended in Dec. 2025 was 円1,935 Mil. User Local's average total tangible assets for the quarter that ended in Dec. 2025 was 円10,272 Mil. Therefore, User Local's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 18.84%.
The historical rank and industry rank for User Local's Return-on-Tangible-Asset or its related term are showing as below:
TSE:3984'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 11.73 Med: 13.74 Max: 20.33
Current: 14.13
During the past 11 years, User Local's highest Return-on-Tangible-Asset was 20.33%. The lowest was 11.73%. And the median was 13.74%.
TSE:3984's Return-on-Tangible-Asset is ranked better than 84.96% of 2892
companies
in the Software industry
Industry Median: 2.05
vs TSE:3984: 14.13
User Local (TSE:3984) 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.
User Local Return-on-Tangible-Asset Related Terms
User Local Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for User Local'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:3984 vs IBM, ACN, FISV: Return-on-Tangible-Asset Comparison
For the Information Technology Services subindustry, User Local'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.
User Local Return-on-Tangible-Asset vs Software Industry
For the Software industry and Technology sector, User Local's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where User Local'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 (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 18.84% mean?
User Local (TSE:3984) has a Return-on-Tangible-Asset of 18.84% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on User Local and its competitors. This is 37% above median its historical median of 13.74. Over the past decade, User Local's Return-on-Tangible-Asset has ranged from 11.73 to 20.33. According to the industry distribution chart, User Local ranks #435 out of 2892 companies in the Software industry, placing it in the top 15%.
Is User Local's Return-on-Tangible-Asset too high?
User Local's current Return-on-Tangible-Asset of 18.84% is 37% above median its 10-year median of 13.74. Over the past 10 years, this metric has ranged from a low of 11.73 to a high of 20.33. The Software industry median Return-on-Tangible-Asset is 2.05. User Local's value of 18.84% is 819% above this industry median. Based on the distribution chart, User Local ranks #435 out of 2892 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, User Local has a GF Score™ of 88/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does User Local's Return-on-Tangible-Asset compare to IBM and ACN?
According to the Software industry distribution chart, User Local ranks #435 out of 2892 companies for Return-on-Tangible-Asset. This places User Local in the top 15% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.05. User Local's value of 18.84% is 819% above this benchmark. Historically, User Local's own Return-on-Tangible-Asset has ranged from 11.73 to 20.33 over the past decade. While the company's 10-year median is 13.74 vs. the industry median of 2.05, User Local 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 2.05, based on 2,892 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. User Local's current Return-on-Tangible-Asset of 18.84% is 819% 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 User Local and its competitors. For the Software industry, the median Return-on-Tangible-Asset is 2.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. User Local's current Return-on-Tangible-Asset is 18.84%, which is 37% above median its own 10-year median of 13.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is User Local stock overvalued right now?
Based on GuruFocus' analysis, User Local (TSE:3984) is currently considered Significantly Undervalued. The stock's GF Value™ is 円2,913.69, compared to a current price of 円1,528.00 — trading 47.6% below its estimated fair value. The current Return-on-Tangible-Asset is 18.84%, which is 37% above median its 10-year median of 13.74 and 819% above the Software industry median of 2.05. User Local's overall GF Score™ is 88/100 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 User Local (TSE:3984), the current Return-on-Tangible-Asset is 18.84% as of Dec. 2025. 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 User Local (TSE:3984) Overvalued in 2026?
Based on GuruFocus' analysis, User Local stock appears to be undervalued.
The current stock price of 円1,528.00 is trading 47.6% below its estimated GF Value™ of 円2,913.69.
GuruFocus considers User Local to be Significantly Undervalued.
Key valuation signals for TSE:3984:
Return-on-Tangible-Asset: 18.84% (37% above median its 10-year median of 13.74)
GF Value™: 円2,913.69 vs. price of 円1,528.00 (47.6% below fair value)
Industry Position: 819% above the Software median (#435 of 2892)
No single metric tells the full story. See the TSE:3984 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
User Local Inc is engaged in the research and development of big data analysis system, web marketing support tool, offering media analysis tool, and managing artificial intelligence chat bot.
88GF Score
Get the complete analysis for TSE:3984
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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