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Commerce One HoldingsTSE:4496 -3.50%87 Return-on-Tangible-Asset is 9.16% as of Mar. 2026, which is 41% below its 10-year median of 15.65. GuruFocus rates TSE:4496 with a GF Score™ of 87/100 and a GF Value™ of 円874.83 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,893 Software companies, Commerce One Holdings ranks better than 73.9% 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. Commerce One Holdings's annualizedNet Income for the quarter that ended in Mar. 2026 was 円302 Mil. Commerce One Holdings's average total tangible assets for the quarter that ended in Mar. 2026 was 円3,300 Mil. Therefore, Commerce One Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 9.16%.
The historical rank and industry rank for Commerce One Holdings's Return-on-Tangible-Asset or its related term are showing as below:
TSE:4496'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.72 Med: 15.65 Max: 19.92
Current: 9.27
During the past 9 years, Commerce One Holdings's highest Return-on-Tangible-Asset was 19.92%. The lowest was 2.72%. And the median was 15.65%.
TSE:4496's Return-on-Tangible-Asset is ranked better than 73.9% of 2893
companies
in the Software industry
Industry Median: 2.04
vs TSE:4496: 9.27
Commerce One Holdings (TSE:4496) 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.
Commerce One Holdings Return-on-Tangible-Asset Related Terms
Commerce One Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Commerce One Holdings'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.
Commerce One Holdings Return-on-Tangible-Asset Chart
TSE:4496 vs MSFT, ORCL, PLTR: Return-on-Tangible-Asset Comparison
For the Software - Infrastructure subindustry, Commerce One Holdings'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.
Commerce One Holdings Return-on-Tangible-Asset vs Software Industry
For the Software industry and Technology sector, Commerce One Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Commerce One Holdings'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 two times the semi-annual (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 9.16% mean?
Commerce One Holdings (TSE:4496) has a Return-on-Tangible-Asset of 9.16% 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 Commerce One Holdings and its competitors. This is 41% below median its historical median of 15.65. Over the past decade, Commerce One Holdings' Return-on-Tangible-Asset has ranged from 2.72 to 19.92. According to the industry distribution chart, Commerce One Holdings ranks #755 out of 2893 companies in the Software industry, placing it in the top 26.1%.
Is Commerce One Holdings' Return-on-Tangible-Asset too high?
Commerce One Holdings' current Return-on-Tangible-Asset of 9.16% is 41% below median its 10-year median of 15.65. Over the past 10 years, this metric has ranged from a low of 2.72 to a high of 19.92. The Software industry median Return-on-Tangible-Asset is 2.04. Commerce One Holdings' value of 9.16% is 349% above this industry median. Based on the distribution chart, Commerce One Holdings ranks #755 out of 2893 companies in the Software industry, which is above the industry midpoint. Overall, Commerce One Holdings has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Commerce One Holdings' Return-on-Tangible-Asset compare to MSFT and ORCL?
According to the Software industry distribution chart, Commerce One Holdings ranks #755 out of 2893 companies for Return-on-Tangible-Asset. This puts Commerce One Holdings in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.04. Commerce One Holdings' value of 9.16% is 349% above this benchmark. Historically, Commerce One Holdings' own Return-on-Tangible-Asset has ranged from 2.72 to 19.92 over the past decade. While the company's 10-year median is 15.65 vs. the industry median of 2.04, Commerce One Holdings 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 2,893 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. Commerce One Holdings's current Return-on-Tangible-Asset of 9.16% is 349% 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 Commerce One Holdings 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. Commerce One Holdings's current Return-on-Tangible-Asset is 9.16%, which is 41% below median its own 10-year median of 15.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Commerce One Holdings stock overvalued right now?
Based on GuruFocus' analysis, Commerce One Holdings (TSE:4496) is currently considered Modestly Undervalued. The stock's GF Value™ is 円874.83, compared to a current price of 円772.00 — trading 11.8% below its estimated fair value. The current Return-on-Tangible-Asset is 9.16%, which is 41% below median its 10-year median of 15.65 and 349% above the Software industry median of 2.04. Commerce One Holdings' overall GF Score™ is 87/100 with 3 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 Commerce One Holdings (TSE:4496), the current Return-on-Tangible-Asset is 9.16% 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 Commerce One Holdings (TSE:4496) Overvalued in 2026?
Based on GuruFocus' analysis, Commerce One Holdings stock appears to be undervalued.
The current stock price of 円772.00 is trading 11.8% below its estimated GF Value™ of 円874.83.
GuruFocus considers Commerce One Holdings to be Modestly Undervalued.
Key valuation signals for TSE:4496:
Return-on-Tangible-Asset: 9.16% (41% below median its 10-year median of 15.65)
GF Value™: 円874.83 vs. price of 円772.00 (11.8% below fair value)
Industry Position: 349% above the Software median (#755 of 2893)
No single metric tells the full story. See the TSE:4496 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Commerce One Holdings Inc is a business infrastructure provider for e-commerce business operators. The company provides services that support e-commerce site management in the form of SaaS, for small and medium-sized e-commerce site operators in Japan.
87GF Score
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