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NETSE:441A +6.00%22 Return-on-Tangible-Asset is 18.40% as of Apr. 2026, which is 27% below its 10-year median of 25.26. GuruFocus rates TSE:441A with a GF Score™ of 22/100. Among 2,892 Software companies, NE ranks better than 92.77% 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. NE's annualizedNet Income for the quarter that ended in Apr. 2026 was 円920 Mil. NE's average total tangible assets for the quarter that ended in Apr. 2026 was 円5,002 Mil. Therefore, NE's annualized Return-on-Tangible-Asset for the quarter that ended in Apr. 2026 was 18.40%.
The historical rank and industry rank for NE's Return-on-Tangible-Asset or its related term are showing as below:
TSE:441A'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 22.15 Med: 25.26 Max: 30.18
Current: 22.15
During the past 3 years, NE's highest Return-on-Tangible-Asset was 30.18%. The lowest was 22.15%. And the median was 25.26%.
TSE:441A's Return-on-Tangible-Asset is ranked better than 92.77% of 2892
companies
in the Software industry
Industry Median: 2.04
vs TSE:441A: 22.15
NE (TSE:441A) 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.
NE Return-on-Tangible-Asset Related Terms
NE Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for NE'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:441A vs IBM, ACN, FISV: Return-on-Tangible-Asset Comparison
For the Information Technology Services subindustry, NE'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.
NE Return-on-Tangible-Asset vs Software Industry
For the Software industry and Technology sector, NE's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where NE'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 (Apr. 2026) net income data.
What does a Return-on-Tangible-Asset of 18.40% mean?
NE (TSE:441A) has a Return-on-Tangible-Asset of 18.40% as of Apr. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on NE and its competitors. This is 27% below median its historical median of 25.26. Over the past decade, NE's Return-on-Tangible-Asset has ranged from 22.15 to 30.18. According to the industry distribution chart, NE ranks #209 out of 2892 companies in the Software industry, placing it in the top 7.2%.
Is NE's Return-on-Tangible-Asset too high?
NE's current Return-on-Tangible-Asset of 18.40% is 27% below median its 10-year median of 25.26. Over the past 10 years, this metric has ranged from a low of 22.15 to a high of 30.18. The Software industry median Return-on-Tangible-Asset is 2.04. NE's value of 18.40% is 802% above this industry median. Based on the distribution chart, NE ranks #209 out of 2892 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, NE has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does NE's Return-on-Tangible-Asset compare to IBM and ACN?
According to the Software industry distribution chart, NE ranks #209 out of 2892 companies for Return-on-Tangible-Asset. This places NE in the top 7% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.04. NE's value of 18.40% is 802% above this benchmark. Historically, NE's own Return-on-Tangible-Asset has ranged from 22.15 to 30.18 over the past decade. While the company's 10-year median is 25.26 vs. the industry median of 2.04, NE 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 2.04, based on 2,892 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. NE's current Return-on-Tangible-Asset of 18.40% is 802% 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 NE and its competitors. For the Software industry, the median Return-on-Tangible-Asset is 2.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NE's current Return-on-Tangible-Asset is 18.40%, which is 27% below median its own 10-year median of 25.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NE stock overvalued right now?
NE (TSE:441A) has a current Return-on-Tangible-Asset of 18.40%. The current Return-on-Tangible-Asset is 18.40%, which is 27% below median its 10-year median of 25.26 and 802% above the Software industry median of 2.04. NE's overall GF Score™ is 22/100. 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 NE (TSE:441A), the current Return-on-Tangible-Asset is 18.40% as of Apr. 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.
NE Inc is engaged in Operating Next Engine a SaaS-based e-commerce support platform, providing e-commerce consulting, providing regional revitalization services, including support for furusato nozei (hometown tax donation) programs.
22GF Score
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