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IPSTSE:4390 -5.01%94 Return-on-Tangible-Asset is 13.45% as of Mar. 2026, which is 25% above its 10-year median of 10.75. GuruFocus rates TSE:4390 with a GF Score™ of 94/100 and a GF Value™ of 円3,242.90 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 368 Telecommunication Services companies, IPS ranks better than 80.71% 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. IPS's annualizedNet Income for the quarter that ended in Mar. 2026 was 円5,868 Mil. IPS's average total tangible assets for the quarter that ended in Mar. 2026 was 円43,643 Mil. Therefore, IPS's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 13.45%.
The historical rank and industry rank for IPS's Return-on-Tangible-Asset or its related term are showing as below:
TSE:4390'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 7.41 Med: 10.75 Max: 16.03
Current: 10.36
During the past 11 years, IPS's highest Return-on-Tangible-Asset was 16.03%. The lowest was 7.41%. And the median was 10.75%.
TSE:4390's Return-on-Tangible-Asset is ranked better than 80.71% of 368
companies
in the Telecommunication Services industry
Industry Median: 3.45
vs TSE:4390: 10.36
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.
IPS Return-on-Tangible-Asset Related Terms
IPS Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for IPS'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:4390 vs VZ, TMUS, T: Return-on-Tangible-Asset Comparison
For the Telecom Services subindustry, IPS'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.
IPS Return-on-Tangible-Asset vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, IPS's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where IPS'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 13.45% mean?
IPS (TSE:4390) has a Return-on-Tangible-Asset of 13.45% 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 IPS and its competitors. This is 25% above median its historical median of 10.75. Over the past decade, IPS's Return-on-Tangible-Asset has ranged from 7.41 to 16.03. According to the industry distribution chart, IPS ranks #71 out of 368 companies in the Telecommunication Services industry, placing it in the top 19.3%.
Is IPS's Return-on-Tangible-Asset too high?
IPS's current Return-on-Tangible-Asset of 13.45% is 25% above median its 10-year median of 10.75. Over the past 10 years, this metric has ranged from a low of 7.41 to a high of 16.03. The Telecommunication Services industry median Return-on-Tangible-Asset is 3.45. IPS's value of 13.45% is 289.9% above this industry median. Based on the distribution chart, IPS ranks #71 out of 368 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, IPS has a GF Score™ of 94/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does IPS's Return-on-Tangible-Asset compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, IPS ranks #71 out of 368 companies for Return-on-Tangible-Asset. This places IPS in the top 19% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.45. IPS's value of 13.45% is 289.9% above this benchmark. Historically, IPS's own Return-on-Tangible-Asset has ranged from 7.41 to 16.03 over the past decade. While the company's 10-year median is 10.75 vs. the industry median of 3.45, IPS 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 Telecommunication Services company?
The median Return-on-Tangible-Asset among Telecommunication Services companies is 3.45, based on 368 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. IPS's current Return-on-Tangible-Asset of 13.45% is 289.9% 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 IPS and its competitors. For the Telecommunication Services industry, the median Return-on-Tangible-Asset is 3.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IPS's current Return-on-Tangible-Asset is 13.45%, which is 25% above median its own 10-year median of 10.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IPS stock overvalued right now?
Based on GuruFocus' analysis, IPS (TSE:4390) is currently considered Modestly Overvalued. The stock's GF Value™ is 円3,242.90, compared to a current price of 円3,885.00 — trading 19.8% above its estimated fair value. The current Return-on-Tangible-Asset is 13.45%, which is 25% above median its 10-year median of 10.75 and 289.9% above the Telecommunication Services industry median of 3.45. IPS's overall GF Score™ is 94/100 with 4 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 IPS (TSE:4390), the current Return-on-Tangible-Asset is 13.45% 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 IPS (TSE:4390) Overvalued in 2026?
Based on GuruFocus' analysis, IPS stock appears to be overvalued.
The current stock price of 円3,885.00 is trading 19.8% above its estimated GF Value™ of 円3,242.90.
GuruFocus considers IPS to be Modestly Overvalued.
Key valuation signals for TSE:4390:
Return-on-Tangible-Asset: 13.45% (25% above median its 10-year median of 10.75)
GF Value™: 円3,242.90 vs. price of 円3,885.00 (19.8% above fair value)
Industry Position: 289.9% above the Telecommunication Services median (#71 of 368)
No single metric tells the full story. See the TSE:4390 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IPS Inc is engaged in the wholesale of international telecommunication services for cable television operators, Internet connection services for corporations, telecommunication services for various call centers, and job placement and advertising services for recruiters.
94GF Score
Get the complete analysis for TSE:4390
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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