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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.
True DataTSE:4416 -1.75%61 Return-on-Tangible-Asset is 11.62% as of Mar. 2026, which is 560% above its 10-year median of 1.76. GuruFocus rates TSE:4416 with a GF Score™ of 61/100 and a GF Value™ of 円678.65 (Significantly Undervalued). Among 2,894 Software companies, True Data ranks better than 63.72% 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. True Data's annualizedNet Income for the quarter that ended in Mar. 2026 was 円160 Mil. True Data's average total tangible assets for the quarter that ended in Mar. 2026 was 円1,381 Mil. Therefore, True Data's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 11.62%.
The historical rank and industry rank for True Data's Return-on-Tangible-Asset or its related term are showing as below:
TSE:4416'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -17.5 Med: 1.76 Max: 6.12
Current: 6.12
During the past 7 years, True Data's highest Return-on-Tangible-Asset was 6.12%. The lowest was -17.50%. And the median was 1.76%.
TSE:4416's Return-on-Tangible-Asset is ranked better than 63.72% of 2894
companies
in the Software industry
Industry Median: 2.095
vs TSE:4416: 6.12
True Data (TSE:4416) 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.
True Data Return-on-Tangible-Asset Related Terms
True Data Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for True Data'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:4416 vs QH, SHOP, UBER: Return-on-Tangible-Asset Comparison
For the Software - Application subindustry, True Data'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.
True Data Return-on-Tangible-Asset vs Software Industry
For the Software industry and Technology sector, True Data's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where True Data'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 11.62% mean?
True Data (TSE:4416) has a Return-on-Tangible-Asset of 11.62% 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 True Data and its competitors. This is 560% above median its historical median of 1.76. According to the industry distribution chart, True Data ranks #1050 out of 2894 companies in the Software industry, placing it in the top 36.3%.
Is True Data's Return-on-Tangible-Asset too high?
True Data's current Return-on-Tangible-Asset of 11.62% is 560% above median its 10-year median of 1.76. The Software industry median Return-on-Tangible-Asset is 2.10. True Data's value of 11.62% is 454.7% above this industry median. Based on the distribution chart, True Data ranks #1050 out of 2894 companies in the Software industry, which is above the industry midpoint. Overall, True Data has a GF Score™ of 61/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does True Data's Return-on-Tangible-Asset compare to QH and SHOP?
According to the Software industry distribution chart, True Data ranks #1050 out of 2894 companies for Return-on-Tangible-Asset. This puts True Data in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.10. True Data's value of 11.62% is 454.7% above this benchmark. While the company's 10-year median is 1.76 vs. the industry median of 2.10, True Data 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 Software company?
The median Return-on-Tangible-Asset among Software companies is 2.10, based on 2,894 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. True Data's current Return-on-Tangible-Asset of 11.62% is 454.7% 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 True Data and its competitors. For the Software industry, the median Return-on-Tangible-Asset is 2.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. True Data's current Return-on-Tangible-Asset is 11.62%, which is 560% above median its own 10-year median of 1.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is True Data stock overvalued right now?
Based on GuruFocus' analysis, True Data (TSE:4416) is currently considered Significantly Undervalued. The stock's GF Value™ is 円678.65, compared to a current price of 円393.00 — trading 42.1% below its estimated fair value. The current Return-on-Tangible-Asset is 11.62%, which is 560% above median its 10-year median of 1.76 and 454.7% above the Software industry median of 2.10. True Data's overall GF Score™ is 61/100. 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 True Data (TSE:4416), the current Return-on-Tangible-Asset is 11.62% 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 True Data (TSE:4416) Overvalued in 2026?
Based on GuruFocus' analysis, True Data stock appears to be undervalued.
The current stock price of 円393.00 is trading 42.1% below its estimated GF Value™ of 円678.65.
GuruFocus considers True Data to be Significantly Undervalued.
Key valuation signals for TSE:4416:
Return-on-Tangible-Asset: 11.62% (560% above median its 10-year median of 1.76)
GF Value™: 円678.65 vs. price of 円393.00 (42.1% below fair value)
Industry Position: 454.7% above the Software median (#1050 of 2894)
No single metric tells the full story. See the TSE:4416 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
True Data Inc operates a big data platform based on the data generated daily from consumer purchasing behavior. The company deals with POS data with customer IDs from drug stores, supermarkets, and other retailers, and provides analysis and disclosure support tools using such data, as well as other services related to data marketing. Its services are divided into solutions for manufacturers, retailers, and all industries. In the solutions for manufacturers, it provides services such as Eagle Eye, Dolphin Eye, and POS Analysis Cloud. In the solutions for retailers, it offers services such as Shopping Scan, and for all industries, it provides data and analysis reports related to consumer purchases, data utilization support services such as AI, and other related services.
61GF Score
Get the complete analysis for TSE:4416
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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