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Needs WellTSE:3992 +0.92%86 Return-on-Tangible-Asset is 9.88% as of Mar. 2026, which is 28% below its 10-year median of 13.65. GuruFocus rates TSE:3992 with a GF Score™ of 86/100 and a GF Value™ of 円503.68 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,893 Software companies, Needs Well ranks better than 85.52% 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. Needs Well's annualizedNet Income for the quarter that ended in Mar. 2026 was 円557 Mil. Needs Well's average total tangible assets for the quarter that ended in Mar. 2026 was 円5,636 Mil. Therefore, Needs Well's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 9.88%.
The historical rank and industry rank for Needs Well's Return-on-Tangible-Asset or its related term are showing as below:
TSE:3992'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 11.35 Med: 13.65 Max: 17.36
Current: 14.41
During the past 11 years, Needs Well's highest Return-on-Tangible-Asset was 17.36%. The lowest was 11.35%. And the median was 13.65%.
TSE:3992's Return-on-Tangible-Asset is ranked better than 85.52% of 2893
companies
in the Software industry
Industry Median: 2.04
vs TSE:3992: 14.41
Needs Well (TSE:3992) 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.
Needs Well Return-on-Tangible-Asset Related Terms
Needs Well Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Needs Well'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:3992 vs MSFT, ORCL, PLTR: Return-on-Tangible-Asset Comparison
For the Software - Infrastructure subindustry, Needs Well'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.
Needs Well Return-on-Tangible-Asset vs Software Industry
For the Software industry and Technology sector, Needs Well's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Needs Well'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 9.88% mean?
Needs Well (TSE:3992) has a Return-on-Tangible-Asset of 9.88% 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 Needs Well and its competitors. This is 28% below median its historical median of 13.65. Over the past decade, Needs Well's Return-on-Tangible-Asset has ranged from 11.35 to 17.36. According to the industry distribution chart, Needs Well ranks #419 out of 2893 companies in the Software industry, placing it in the top 14.5%.
Is Needs Well's Return-on-Tangible-Asset too high?
Needs Well's current Return-on-Tangible-Asset of 9.88% is 28% below median its 10-year median of 13.65. Over the past 10 years, this metric has ranged from a low of 11.35 to a high of 17.36. The Software industry median Return-on-Tangible-Asset is 2.04. Needs Well's value of 9.88% is 384.3% above this industry median. Based on the distribution chart, Needs Well ranks #419 out of 2893 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Needs Well has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Needs Well's Return-on-Tangible-Asset compare to MSFT and ORCL?
According to the Software industry distribution chart, Needs Well ranks #419 out of 2893 companies for Return-on-Tangible-Asset. This places Needs Well in the top 15% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.04. Needs Well's value of 9.88% is 384.3% above this benchmark. Historically, Needs Well's own Return-on-Tangible-Asset has ranged from 11.35 to 17.36 over the past decade. While the company's 10-year median is 13.65 vs. the industry median of 2.04, Needs Well 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 2.04, based on 2,893 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. Needs Well's current Return-on-Tangible-Asset of 9.88% is 384.3% 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 Needs Well and its competitors. For the Software industry, the median Return-on-Tangible-Asset is 2.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Needs Well's current Return-on-Tangible-Asset is 9.88%, which is 28% below median its own 10-year median of 13.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Needs Well stock overvalued right now?
Based on GuruFocus' analysis, Needs Well (TSE:3992) is currently considered Modestly Undervalued. The stock's GF Value™ is 円503.68, compared to a current price of 円437.00 — trading 13.2% below its estimated fair value. The current Return-on-Tangible-Asset is 9.88%, which is 28% below median its 10-year median of 13.65 and 384.3% above the Software industry median of 2.04. Needs Well's overall GF Score™ is 86/100 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 Needs Well (TSE:3992), the current Return-on-Tangible-Asset is 9.88% 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 Needs Well (TSE:3992) Overvalued in 2026?
Based on GuruFocus' analysis, Needs Well stock appears to be undervalued.
The current stock price of 円437.00 is trading 13.2% below its estimated GF Value™ of 円503.68.
GuruFocus considers Needs Well to be Modestly Undervalued.
Key valuation signals for TSE:3992:
Return-on-Tangible-Asset: 9.88% (28% below median its 10-year median of 13.65)
GF Value™: 円503.68 vs. price of 円437.00 (13.2% below fair value)
Industry Position: 384.3% above the Software median (#419 of 2893)
No single metric tells the full story. See the TSE:3992 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Needs Well Inc provides application development, cloud solutions, IT related products and services, system infrastructure service and IT outsourcing services. Its services support to the development of BtoC / BtoB systems, digital marketing related system, business system, and CMS using web technology.
86GF Score
Get the complete analysis for TSE:3992
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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