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Kanto Denka Kogyo CoTSE:4047 +4.25%69 Return-on-Tangible-Asset is 6.38% as of Mar. 2026, which is 8% below its 10-year median of 6.92. GuruFocus rates TSE:4047 with a GF Score™ of 69/100 and a GF Value™ of 円1,132.65 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,620 Chemicals companies, Kanto Denka Kogyo Co ranks better than 60.99% 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. Kanto Denka Kogyo Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円8,244 Mil. Kanto Denka Kogyo Co's average total tangible assets for the quarter that ended in Mar. 2026 was 円129,124 Mil. Therefore, Kanto Denka Kogyo Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 6.38%.
The historical rank and industry rank for Kanto Denka Kogyo Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:4047'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -3.62 Med: 6.92 Max: 11.83
Current: 5.05
During the past 13 years, Kanto Denka Kogyo Co's highest Return-on-Tangible-Asset was 11.83%. The lowest was -3.62%. And the median was 6.92%.
TSE:4047's Return-on-Tangible-Asset is ranked better than 60.99% of 1620
companies
in the Chemicals industry
Industry Median: 3.62
vs TSE:4047: 5.05
Kanto Denka Kogyo Co (TSE:4047) 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.
Kanto Denka Kogyo Co Return-on-Tangible-Asset Related Terms
Kanto Denka Kogyo Co Return-on-Tangible-Asset Historical Data
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The historical data trend for Kanto Denka Kogyo 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.
Kanto Denka Kogyo Co Return-on-Tangible-Asset Chart
TSE:4047 vs LIN, SHW, ECL: Return-on-Tangible-Asset Comparison
For the Specialty Chemicals subindustry, Kanto Denka Kogyo 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.
Kanto Denka Kogyo Co Return-on-Tangible-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Kanto Denka Kogyo Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Kanto Denka Kogyo 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 four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 6.38% mean?
Kanto Denka Kogyo Co (TSE:4047) has a Return-on-Tangible-Asset of 6.38% 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 Kanto Denka Kogyo Co and its competitors. This is near median its historical median of 6.92. According to the industry distribution chart, Kanto Denka Kogyo Co ranks #632 out of 1620 companies in the Chemicals industry, placing it in the top 39%.
Is Kanto Denka Kogyo Co's Return-on-Tangible-Asset too high?
Kanto Denka Kogyo Co's current Return-on-Tangible-Asset of 6.38% is near median its 10-year median of 6.92. The Chemicals industry median Return-on-Tangible-Asset is 3.62. Kanto Denka Kogyo Co's value of 6.38% is 76.2% above this industry median. Based on the distribution chart, Kanto Denka Kogyo Co ranks #632 out of 1620 companies in the Chemicals industry, which is above the industry midpoint. Overall, Kanto Denka Kogyo Co has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kanto Denka Kogyo Co's Return-on-Tangible-Asset compare to LIN and SHW?
According to the Chemicals industry distribution chart, Kanto Denka Kogyo Co ranks #632 out of 1620 companies for Return-on-Tangible-Asset. This puts Kanto Denka Kogyo Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.62. Kanto Denka Kogyo Co's value of 6.38% is 76.2% above this benchmark. While the company's 10-year median is 6.92 vs. the industry median of 3.62, Kanto Denka Kogyo 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 Chemicals company?
The median Return-on-Tangible-Asset among Chemicals companies is 3.62, based on 1,620 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. Kanto Denka Kogyo Co's current Return-on-Tangible-Asset of 6.38% is 76.2% 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 Kanto Denka Kogyo Co and its competitors. For the Chemicals industry, the median Return-on-Tangible-Asset is 3.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kanto Denka Kogyo Co's current Return-on-Tangible-Asset is 6.38%, which is near median its own 10-year median of 6.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kanto Denka Kogyo Co stock overvalued right now?
Based on GuruFocus' analysis, Kanto Denka Kogyo Co (TSE:4047) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,132.65, compared to a current price of 円2,234.00 — trading 97.2% above its estimated fair value. The current Return-on-Tangible-Asset is 6.38%, which is near median its 10-year median of 6.92 and 76.2% above the Chemicals industry median of 3.62. Kanto Denka Kogyo Co's overall GF Score™ is 69/100 with 5 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 Kanto Denka Kogyo Co (TSE:4047), the current Return-on-Tangible-Asset is 6.38% 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 Kanto Denka Kogyo Co (TSE:4047) Overvalued in 2026?
Based on GuruFocus' analysis, Kanto Denka Kogyo Co stock appears to be overvalued.
The current stock price of 円2,234.00 is trading 97.2% above its estimated GF Value™ of 円1,132.65.
GuruFocus considers Kanto Denka Kogyo Co to be Significantly Overvalued.
Key valuation signals for TSE:4047:
Return-on-Tangible-Asset: 6.38% (near median its 10-year median of 6.92)
GF Value™: 円1,132.65 vs. price of 円2,234.00 (97.2% above fair value)
Industry Position: 76.2% above the Chemicals median (#632 of 1620)
No single metric tells the full story. See the TSE:4047 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kanto Denka Kogyo Co Ltd is a Japan-based company, engages in the production of a chemical product. It operates through Fundamental Chemicals and Fine Chemicals divisions. The Fundamental Chemicals offers caustic soda, hydrochloric acid, sodium hypochlorite, aluminum chloride, trichloroethylene, perchloroethylene, vinylidene chloride, cyclohexanol. The Fine Chemicals division offers reprographics carriers, magnetite, sulfur hexafluoride, carbon tetrafluoride, trifluoromethane, hexafluoroethane, nitrogen trifluoride, among others.
69GF Score
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