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Ishiharangyo KaishaTSE:4028 +4.68%70 Return-on-Tangible-Asset is 11.89% as of Mar. 2026, which is 221% above its 10-year median of 3.70. GuruFocus rates TSE:4028 with a GF Score™ of 70/100 and a GF Value™ of 円1,814.81 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,613 Chemicals companies, Ishiharangyo Kaisha ranks better than 75.26% 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. Ishiharangyo Kaisha's annualizedNet Income for the quarter that ended in Mar. 2026 was 円28,120 Mil. Ishiharangyo Kaisha's average total tangible assets for the quarter that ended in Mar. 2026 was 円236,585 Mil. Therefore, Ishiharangyo Kaisha's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 11.89%.
The historical rank and industry rank for Ishiharangyo Kaisha's Return-on-Tangible-Asset or its related term are showing as below:
TSE:4028'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.39 Med: 3.7 Max: 7.21
Current: 7.12
During the past 13 years, Ishiharangyo Kaisha's highest Return-on-Tangible-Asset was 7.21%. The lowest was 1.39%. And the median was 3.70%.
TSE:4028's Return-on-Tangible-Asset is ranked better than 75.26% of 1613
companies
in the Chemicals industry
Industry Median: 3.11
vs TSE:4028: 7.12
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.
Ishiharangyo Kaisha Return-on-Tangible-Asset Related Terms
Ishiharangyo Kaisha Return-on-Tangible-Asset Historical Data
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The historical data trend for Ishiharangyo Kaisha'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:4028 vs LIN, SHW, ECL: Return-on-Tangible-Asset Comparison
For the Specialty Chemicals subindustry, Ishiharangyo Kaisha'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.
Ishiharangyo Kaisha Return-on-Tangible-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Ishiharangyo Kaisha's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Ishiharangyo Kaisha'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 11.89% mean?
Ishiharangyo Kaisha (TSE:4028) has a Return-on-Tangible-Asset of 11.89% 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 Ishiharangyo Kaisha and its competitors. This is 221% above median its historical median of 3.70. Over the past decade, Ishiharangyo Kaisha's Return-on-Tangible-Asset has ranged from 1.39 to 7.21. According to the industry distribution chart, Ishiharangyo Kaisha ranks #399 out of 1613 companies in the Chemicals industry, placing it in the top 24.7%.
Is Ishiharangyo Kaisha's Return-on-Tangible-Asset too high?
Ishiharangyo Kaisha's current Return-on-Tangible-Asset of 11.89% is 221% above median its 10-year median of 3.70. Over the past 10 years, this metric has ranged from a low of 1.39 to a high of 7.21. The Chemicals industry median Return-on-Tangible-Asset is 3.11. Ishiharangyo Kaisha's value of 11.89% is 282.3% above this industry median. Based on the distribution chart, Ishiharangyo Kaisha ranks #399 out of 1613 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Ishiharangyo Kaisha has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ishiharangyo Kaisha's Return-on-Tangible-Asset compare to LIN and SHW?
According to the Chemicals industry distribution chart, Ishiharangyo Kaisha ranks #399 out of 1613 companies for Return-on-Tangible-Asset. This places Ishiharangyo Kaisha in the top 25% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.11. Ishiharangyo Kaisha's value of 11.89% is 282.3% above this benchmark. Historically, Ishiharangyo Kaisha's own Return-on-Tangible-Asset has ranged from 1.39 to 7.21 over the past decade. While the company's 10-year median is 3.70 vs. the industry median of 3.11, Ishiharangyo Kaisha 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 Chemicals company?
The median Return-on-Tangible-Asset among Chemicals companies is 3.11, based on 1,613 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. Ishiharangyo Kaisha's current Return-on-Tangible-Asset of 11.89% is 282.3% 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 Ishiharangyo Kaisha and its competitors. For the Chemicals industry, the median Return-on-Tangible-Asset is 3.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ishiharangyo Kaisha's current Return-on-Tangible-Asset is 11.89%, which is 221% above median its own 10-year median of 3.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ishiharangyo Kaisha stock overvalued right now?
Based on GuruFocus' analysis, Ishiharangyo Kaisha (TSE:4028) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,814.81, compared to a current price of 円3,110.00 — trading 71.4% above its estimated fair value. The current Return-on-Tangible-Asset is 11.89%, which is 221% above median its 10-year median of 3.70 and 282.3% above the Chemicals industry median of 3.11. Ishiharangyo Kaisha's overall GF Score™ is 70/100 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 Ishiharangyo Kaisha (TSE:4028), the current Return-on-Tangible-Asset is 11.89% 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 Ishiharangyo Kaisha (TSE:4028) Overvalued in 2026?
Based on GuruFocus' analysis, Ishiharangyo Kaisha stock appears to be overvalued.
The current stock price of 円3,110.00 is trading 71.4% above its estimated GF Value™ of 円1,814.81.
GuruFocus considers Ishiharangyo Kaisha to be Significantly Overvalued.
Key valuation signals for TSE:4028:
Return-on-Tangible-Asset: 11.89% (221% above median its 10-year median of 3.70)
GF Value™: 円1,814.81 vs. price of 円3,110.00 (71.4% above fair value)
Industry Position: 282.3% above the Chemicals median (#399 of 1613)
No single metric tells the full story. See the TSE:4028 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ishihara Sangyo Kaisha Ltd is mainly engaged in the manufacturing and marketing of agricultural chemicals in Japan. The company's core business activities are categorized into three key segments - Inorganic Chemicals, Organic Chemicals, and Other Businesses. Its product line consists of titanium dioxide products, environmental products such as gypsum and iron oxide stably, pharmaceuticals, battery materials and organic intermediates. Its primary geographic markets are Japan, Asia, America, Europe, and other.
70GF Score
Get the complete analysis for TSE:4028
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