Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
Overlap HoldingsTSE:414A +1.02%17 Return-on-Tangible-Asset is 23.06% as of Feb. 2026, which is 29% above its 10-year median of 17.86. GuruFocus rates TSE:414A with a GF Score™ of 17/100. The stock has 1 warning sign investors should review. Among 1,030 Media - Diversified companies, Overlap Holdings ranks better than 97.86% 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. Overlap Holdings's annualizedNet Income for the quarter that ended in Feb. 2026 was 円1,584 Mil. Overlap Holdings's average total tangible assets for the quarter that ended in Feb. 2026 was 円6,868 Mil. Therefore, Overlap Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2026 was 23.06%.
The historical rank and industry rank for Overlap Holdings's Return-on-Tangible-Asset or its related term are showing as below:
TSE:414A'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 13.65 Med: 17.86 Max: 33.08
Current: 33.08
During the past 4 years, Overlap Holdings's highest Return-on-Tangible-Asset was 33.08%. The lowest was 13.65%. And the median was 17.86%.
TSE:414A's Return-on-Tangible-Asset is ranked better than 97.86% of 1030
companies
in the Media - Diversified industry
Industry Median: 0.8
vs TSE:414A: 33.08
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.
Overlap Holdings Return-on-Tangible-Asset Related Terms
Overlap Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Overlap Holdings'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:414A vs NFLX, DIS, WBD: Return-on-Tangible-Asset Comparison
For the Entertainment subindustry, Overlap Holdings'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.
Overlap Holdings Return-on-Tangible-Asset vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Overlap Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Overlap Holdings'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 two times the semi-annual (Feb. 2026) net income data.
What does a Return-on-Tangible-Asset of 23.06% mean?
Overlap Holdings (TSE:414A) has a Return-on-Tangible-Asset of 23.06% as of Feb. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Overlap Holdings and its competitors. This is 29% above median its historical median of 17.86. Over the past decade, Overlap Holdings' Return-on-Tangible-Asset has ranged from 13.65 to 33.08. According to the industry distribution chart, Overlap Holdings ranks #22 out of 1030 companies in the Media - Diversified industry, placing it in the top 2.1%.
Is Overlap Holdings' Return-on-Tangible-Asset too high?
Overlap Holdings' current Return-on-Tangible-Asset of 23.06% is 29% above median its 10-year median of 17.86. Over the past 10 years, this metric has ranged from a low of 13.65 to a high of 33.08. The Media - Diversified industry median Return-on-Tangible-Asset is 0.80. Overlap Holdings' value of 23.06% is 2782.5% above this industry median. Based on the distribution chart, Overlap Holdings ranks #22 out of 1030 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, Overlap Holdings has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Overlap Holdings' Return-on-Tangible-Asset compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, Overlap Holdings ranks #22 out of 1030 companies for Return-on-Tangible-Asset. This places Overlap Holdings in the top 2% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 0.80. Overlap Holdings' value of 23.06% is 2782.5% above this benchmark. Historically, Overlap Holdings' own Return-on-Tangible-Asset has ranged from 13.65 to 33.08 over the past decade. While the company's 10-year median is 17.86 vs. the industry median of 0.80, Overlap Holdings 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 Media - Diversified company?
The median Return-on-Tangible-Asset among Media - Diversified companies is 0.80, based on 1,030 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. Overlap Holdings's current Return-on-Tangible-Asset of 23.06% is 2782.5% 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 Overlap Holdings and its competitors. For the Media - Diversified industry, the median Return-on-Tangible-Asset is 0.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Overlap Holdings's current Return-on-Tangible-Asset is 23.06%, which is 29% above median its own 10-year median of 17.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Overlap Holdings stock overvalued right now?
Overlap Holdings (TSE:414A) has a current Return-on-Tangible-Asset of 23.06%. The current Return-on-Tangible-Asset is 23.06%, which is 29% above median its 10-year median of 17.86 and 2782.5% above the Media - Diversified industry median of 0.80. Overlap Holdings' overall GF Score™ is 17/100 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 Overlap Holdings (TSE:414A), the current Return-on-Tangible-Asset is 23.06% as of Feb. 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.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:414A has been successfully added to your 
