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Focus SystemsTSE:4662 -4.87%89 Return-on-Tangible-Asset is 10.31% as of Mar. 2026, which is 69% above its 10-year median of 6.09. GuruFocus rates TSE:4662 with a GF Score™ of 89/100 and a GF Value™ of 円1,335.71 (Modestly Overvalued). Among 2,895 Software companies, Focus Systems ranks better than 75.99% 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. Focus Systems's annualizedNet Income for the quarter that ended in Mar. 2026 was 円2,399 Mil. Focus Systems's average total tangible assets for the quarter that ended in Mar. 2026 was 円23,279 Mil. Therefore, Focus Systems's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 10.31%.
The historical rank and industry rank for Focus Systems's Return-on-Tangible-Asset or its related term are showing as below:
TSE:4662'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.8 Med: 6.09 Max: 10.46
Current: 10.3
During the past 13 years, Focus Systems's highest Return-on-Tangible-Asset was 10.46%. The lowest was 3.80%. And the median was 6.09%.
TSE:4662's Return-on-Tangible-Asset is ranked better than 75.99% of 2895
companies
in the Software industry
Industry Median: 2.1
vs TSE:4662: 10.30
Focus Systems (TSE:4662) 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.
Focus Systems Return-on-Tangible-Asset Related Terms
Focus Systems Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Focus Systems'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:4662 vs IBM, ACN, FISV: Return-on-Tangible-Asset Comparison
For the Information Technology Services subindustry, Focus Systems'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.
Focus Systems Return-on-Tangible-Asset vs Software Industry
For the Software industry and Technology sector, Focus Systems's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Focus Systems'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 10.31% mean?
Focus Systems (TSE:4662) has a Return-on-Tangible-Asset of 10.31% 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 Focus Systems and its competitors. This is 69% above median its historical median of 6.09. Over the past decade, Focus Systems' Return-on-Tangible-Asset has ranged from 3.80 to 10.46. According to the industry distribution chart, Focus Systems ranks #695 out of 2895 companies in the Software industry, placing it in the top 24%.
Is Focus Systems' Return-on-Tangible-Asset too high?
Focus Systems' current Return-on-Tangible-Asset of 10.31% is 69% above median its 10-year median of 6.09. Over the past 10 years, this metric has ranged from a low of 3.80 to a high of 10.46. The Software industry median Return-on-Tangible-Asset is 2.10. Focus Systems' value of 10.31% is 391% above this industry median. Based on the distribution chart, Focus Systems ranks #695 out of 2895 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Focus Systems has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Focus Systems' Return-on-Tangible-Asset compare to IBM and ACN?
According to the Software industry distribution chart, Focus Systems ranks #695 out of 2895 companies for Return-on-Tangible-Asset. This places Focus Systems in the top 24% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.10. Focus Systems' value of 10.31% is 391% above this benchmark. Historically, Focus Systems' own Return-on-Tangible-Asset has ranged from 3.80 to 10.46 over the past decade. While the company's 10-year median is 6.09 vs. the industry median of 2.10, Focus Systems 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 2,895 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. Focus Systems's current Return-on-Tangible-Asset of 10.31% is 391% 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 Focus Systems 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. Focus Systems's current Return-on-Tangible-Asset is 10.31%, which is 69% above median its own 10-year median of 6.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Focus Systems stock overvalued right now?
Based on GuruFocus' analysis, Focus Systems (TSE:4662) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,335.71, compared to a current price of 円1,641.00 — trading 22.9% above its estimated fair value. The current Return-on-Tangible-Asset is 10.31%, which is 69% above median its 10-year median of 6.09 and 391% above the Software industry median of 2.10. Focus Systems' overall GF Score™ is 89/100. 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 Focus Systems (TSE:4662), the current Return-on-Tangible-Asset is 10.31% 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 Focus Systems (TSE:4662) Overvalued in 2026?
Based on GuruFocus' analysis, Focus Systems stock appears to be overvalued.
The current stock price of 円1,641.00 is trading 22.9% above its estimated GF Value™ of 円1,335.71.
GuruFocus considers Focus Systems to be Modestly Overvalued.
Key valuation signals for TSE:4662:
Return-on-Tangible-Asset: 10.31% (69% above median its 10-year median of 6.09)
GF Value™: 円1,335.71 vs. price of 円1,641.00 (22.9% above fair value)
Industry Position: 391% above the Software median (#695 of 2895)
No single metric tells the full story. See the TSE:4662 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Focus Systems Corp is a Japan-based company operating in the Information technology (IT) industry. Its business activities are divided into three divisions including System integration, IT service and Information Security. The company has established an integrated system including information system consulting, development, operation, and maintenance. It also provides security products incorporating security functions in customer systems, survey, and analysis in digital forensics.
89GF Score
Get the complete analysis for TSE:4662
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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