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Manac Chemical Partners CoTSE:4360 +11.95%58 Return-on-Tangible-Asset is 4.82% as of Mar. 2026, which is 10% below its 10-year median of 5.33. GuruFocus rates TSE:4360 with a GF Score™ of 58/100 and a GF Value™ of 円604.74 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,613 Chemicals companies, Manac Chemical Partners Co ranks better than 67.51% 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. Manac Chemical Partners Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円712 Mil. Manac Chemical Partners Co's average total tangible assets for the quarter that ended in Mar. 2026 was 円14,765 Mil. Therefore, Manac Chemical Partners Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 4.82%.
The historical rank and industry rank for Manac Chemical Partners Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:4360'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -6.77 Med: 5.33 Max: 5.83
Current: 5.64
During the past 5 years, Manac Chemical Partners Co's highest Return-on-Tangible-Asset was 5.83%. The lowest was -6.77%. And the median was 5.33%.
TSE:4360's Return-on-Tangible-Asset is ranked better than 67.51% of 1613
companies
in the Chemicals industry
Industry Median: 3.14
vs TSE:4360: 5.64
Manac Chemical Partners Co (TSE:4360) 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.
Manac Chemical Partners Co Return-on-Tangible-Asset Related Terms
Manac Chemical Partners Co Return-on-Tangible-Asset Historical Data
* 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.
Manac Chemical Partners Co Return-on-Tangible-Asset Chart
TSE:4360 vs DOW: Return-on-Tangible-Asset Comparison
For the Chemicals subindustry, Manac Chemical Partners 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.
Manac Chemical Partners Co Return-on-Tangible-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Manac Chemical Partners Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Manac Chemical Partners 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 4.82% mean?
Manac Chemical Partners Co (TSE:4360) has a Return-on-Tangible-Asset of 4.82% 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 Manac Chemical Partners Co and its competitors. This is 10% below median its historical median of 5.33. According to the industry distribution chart, Manac Chemical Partners Co ranks #524 out of 1613 companies in the Chemicals industry, placing it in the top 32.5%.
Is Manac Chemical Partners Co's Return-on-Tangible-Asset too high?
Manac Chemical Partners Co's current Return-on-Tangible-Asset of 4.82% is 10% below median its 10-year median of 5.33. The Chemicals industry median Return-on-Tangible-Asset is 3.14. Manac Chemical Partners Co's value of 4.82% is 53.5% above this industry median. Based on the distribution chart, Manac Chemical Partners Co ranks #524 out of 1613 companies in the Chemicals industry, which is above the industry midpoint. Overall, Manac Chemical Partners Co has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Manac Chemical Partners Co's Return-on-Tangible-Asset compare to DOW?
According to the Chemicals industry distribution chart, Manac Chemical Partners Co ranks #524 out of 1613 companies for Return-on-Tangible-Asset. This puts Manac Chemical Partners Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.14. Manac Chemical Partners Co's value of 4.82% is 53.5% above this benchmark. While the company's 10-year median is 5.33 vs. the industry median of 3.14, Manac Chemical Partners 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 3.14, 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. Manac Chemical Partners Co's current Return-on-Tangible-Asset of 4.82% is 53.5% 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 Manac Chemical Partners Co and its competitors. For the Chemicals industry, the median Return-on-Tangible-Asset is 3.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manac Chemical Partners Co's current Return-on-Tangible-Asset is 4.82%, which is 10% below median its own 10-year median of 5.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manac Chemical Partners Co stock overvalued right now?
Based on GuruFocus' analysis, Manac Chemical Partners Co (TSE:4360) is currently considered Significantly Overvalued. The stock's GF Value™ is 円604.74, compared to a current price of 円909.00 — trading 50.3% above its estimated fair value. The current Return-on-Tangible-Asset is 4.82%, which is 10% below median its 10-year median of 5.33 and 53.5% above the Chemicals industry median of 3.14. Manac Chemical Partners Co's overall GF Score™ is 58/100 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 Manac Chemical Partners Co (TSE:4360), the current Return-on-Tangible-Asset is 4.82% 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 Manac Chemical Partners Co (TSE:4360) Overvalued in 2026?
Based on GuruFocus' analysis, Manac Chemical Partners Co stock appears to be overvalued.
The current stock price of 円909.00 is trading 50.3% above its estimated GF Value™ of 円604.74.
GuruFocus considers Manac Chemical Partners Co to be Significantly Overvalued.
Key valuation signals for TSE:4360:
Return-on-Tangible-Asset: 4.82% (10% below median its 10-year median of 5.33)
GF Value™: 円604.74 vs. price of 円909.00 (50.3% above fair value)
Industry Position: 53.5% above the Chemicals median (#524 of 1613)
No single metric tells the full story. See the TSE:4360 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Manac Chemical Partners Co Ltd is engaged in the manufacture and sale of various chemical products, pharmaceuticals, and the manufacture and sale of animal medicines.
58GF Score
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