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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. Miraial Co's annualizedNet Income for the quarter that ended in Jan. 2026 was 円-602 Mil. Miraial Co's average total tangible assets for the quarter that ended in Jan. 2026 was 円26,858 Mil. Therefore, Miraial Co's annualized Return-on-Tangible-Asset for the quarter that ended in Jan. 2026 was -2.24%.
The historical rank and industry rank for Miraial Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:4238'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.26 Med: 4.31 Max: 6.17
Current: 1.37
During the past 13 years, Miraial Co's highest Return-on-Tangible-Asset was 6.17%. The lowest was 0.26%. And the median was 4.31%.
TSE:4238's Return-on-Tangible-Asset is ranked worse than 57.63% of 1029
companies
in the Semiconductors industry
Industry Median: 2.82
vs TSE:4238: 1.37
Miraial Co (TSE:4238) 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.
Miraial Co Return-on-Tangible-Asset Related Terms
Miraial Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Miraial 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.
TSE:4238 vs AMAT, LRCX, KLAC: Return-on-Tangible-Asset Comparison
For the Semiconductor Equipment & Materials subindustry, Miraial 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.
Miraial Co Return-on-Tangible-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Miraial Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Miraial 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 (Jan. 2026) net income data.
What does a Return-on-Tangible-Asset of -2.24% mean?
Miraial Co (TSE:4238) has a Return-on-Tangible-Asset of -2.24% as of Jan. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Miraial Co and its competitors. Over the past decade, Miraial Co's Return-on-Tangible-Asset has ranged from 0.26 to 6.17. According to the industry distribution chart, Miraial Co ranks #593 out of 1029 companies in the Semiconductors industry, placing it in the top 57.6%.
Is Miraial Co's Return-on-Tangible-Asset too high?
Miraial Co's current Return-on-Tangible-Asset is -2.24%. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 6.17. Based on the distribution chart, Miraial Co ranks #593 out of 1029 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Miraial Co has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Miraial Co's Return-on-Tangible-Asset compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Miraial Co ranks #593 out of 1029 companies for Return-on-Tangible-Asset. This places Miraial Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.82. Historically, Miraial Co's own Return-on-Tangible-Asset has ranged from 0.26 to 6.17 over the past decade. 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 Semiconductors company?
The median Return-on-Tangible-Asset among Semiconductors companies is 2.82, based on 1,029 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. 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 Miraial Co and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Asset is 2.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Miraial Co's current Return-on-Tangible-Asset is -2.24%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Miraial Co stock overvalued right now?
Based on GuruFocus' analysis, Miraial Co (TSE:4238) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,282.14, compared to a current price of 円1,659.00 — trading 29.4% above its estimated fair value. The current Return-on-Tangible-Asset is -2.24%. Miraial Co's overall GF Score™ is 72/100 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 Miraial Co (TSE:4238), the current Return-on-Tangible-Asset is -2.24% as of Jan. 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 Miraial Co (TSE:4238) Overvalued in 2026?
Based on GuruFocus' analysis, Miraial Co stock appears to be overvalued.
The current stock price of 円1,659.00 is trading 29.4% above its estimated GF Value™ of 円1,282.14.
GuruFocus considers Miraial Co to be Modestly Overvalued.
Key valuation signals for TSE:4238:
Return-on-Tangible-Asset: -2.24%
GF Value™: 円1,282.14 vs. price of 円1,659.00 (29.4% above fair value)
No single metric tells the full story. See the TSE:4238 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Miraial Co Ltd is a Japanese company engaged in the production and sale of products that are indispensable to the electronics materials and semiconductor industries. The company operates in two segments namely- Plastic molding business and Molding Machine Business. Miraial develops products mainly for the semiconductor industry based on the precision molding and processing technology for high-function plastics. Its products include Front Opening Unified Pod (FOUP), cassettes, boxes, shipping containers, handles, among others.
72GF Score
Get the complete analysis for TSE:4238
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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