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EM Systems CoTSE:4820 -2.39%80 Return-on-Tangible-Asset is 0.83% as of Dec. 2025, which is 91% below its 10-year median of 8.88. GuruFocus rates TSE:4820 with a GF Score™ of 80/100 and a GF Value™ of 円751.63 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 679 Healthcare Providers & Services companies, EM Systems Co ranks better than 67.16% 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. EM Systems Co's annualizedNet Income for the quarter that ended in Dec. 2025 was 円200 Mil. EM Systems Co's average total tangible assets for the quarter that ended in Dec. 2025 was 円24,118 Mil. Therefore, EM Systems Co's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 0.83%.
The historical rank and industry rank for EM Systems Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:4820'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 6.02 Med: 8.88 Max: 11.3
Current: 6.02
During the past 13 years, EM Systems Co's highest Return-on-Tangible-Asset was 11.30%. The lowest was 6.02%. And the median was 8.88%.
TSE:4820's Return-on-Tangible-Asset is ranked better than 67.16% of 679
companies
in the Healthcare Providers & Services industry
Industry Median: 2.51
vs TSE:4820: 6.02
EM Systems Co (TSE:4820) 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.
EM Systems Co Return-on-Tangible-Asset Related Terms
EM Systems Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for EM Systems Co'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:4820 vs VEEV, BTSG, HQY: Return-on-Tangible-Asset Comparison
For the Health Information Services subindustry, EM Systems Co'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.
EM Systems Co Return-on-Tangible-Asset vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, EM Systems Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where EM Systems Co'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 (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 0.83% mean?
EM Systems Co (TSE:4820) has a Return-on-Tangible-Asset of 0.83% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on EM Systems Co and its competitors. This is 91% below median its historical median of 8.88. Over the past decade, EM Systems Co's Return-on-Tangible-Asset has ranged from 6.02 to 11.30. According to the industry distribution chart, EM Systems Co ranks #223 out of 679 companies in the Healthcare Providers & Services industry, placing it in the top 32.8%.
Is EM Systems Co's Return-on-Tangible-Asset too high?
EM Systems Co's current Return-on-Tangible-Asset of 0.83% is 91% below median its 10-year median of 8.88. Over the past 10 years, this metric has ranged from a low of 6.02 to a high of 11.30. The Healthcare Providers & Services industry median Return-on-Tangible-Asset is 2.51. EM Systems Co's value of 0.83% is 66.9% below this industry median. Based on the distribution chart, EM Systems Co ranks #223 out of 679 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, EM Systems Co has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does EM Systems Co's Return-on-Tangible-Asset compare to VEEV and BTSG?
According to the Healthcare Providers & Services industry distribution chart, EM Systems Co ranks #223 out of 679 companies for Return-on-Tangible-Asset. This puts EM Systems Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.51. EM Systems Co's value of 0.83% is 66.9% below this benchmark. Historically, EM Systems Co's own Return-on-Tangible-Asset has ranged from 6.02 to 11.30 over the past decade. While the company's 10-year median is 8.88 vs. the industry median of 2.51, EM Systems Co has consistently been below 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 Healthcare Providers & Services company?
The median Return-on-Tangible-Asset among Healthcare Providers & Services companies is 2.51, based on 679 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. EM Systems Co's current Return-on-Tangible-Asset of 0.83% is 66.9% below 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 EM Systems Co and its competitors. For the Healthcare Providers & Services industry, the median Return-on-Tangible-Asset is 2.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. EM Systems Co's current Return-on-Tangible-Asset is 0.83%, which is 91% below median its own 10-year median of 8.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EM Systems Co stock overvalued right now?
Based on GuruFocus' analysis, EM Systems Co (TSE:4820) is currently considered Modestly Undervalued. The stock's GF Value™ is 円751.63, compared to a current price of 円530.00 — trading 29.5% below its estimated fair value. The current Return-on-Tangible-Asset is 0.83%, which is 91% below median its 10-year median of 8.88 and 66.9% below the Healthcare Providers & Services industry median of 2.51. EM Systems Co's overall GF Score™ is 80/100 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 EM Systems Co (TSE:4820), the current Return-on-Tangible-Asset is 0.83% as of Dec. 2025. 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 EM Systems Co (TSE:4820) Overvalued in 2026?
Based on GuruFocus' analysis, EM Systems Co stock appears to be undervalued.
The current stock price of 円530.00 is trading 29.5% below its estimated GF Value™ of 円751.63.
GuruFocus considers EM Systems Co to be Modestly Undervalued.
Key valuation signals for TSE:4820:
Return-on-Tangible-Asset: 0.83% (91% below median its 10-year median of 8.88)
GF Value™: 円751.63 vs. price of 円530.00 (29.5% below fair value)
Industry Position: 66.9% below the Healthcare Providers & Services median (#223 of 679)
No single metric tells the full story. See the TSE:4820 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
EM Systems Co Ltd is a Japan-based company that develops, sells, and maintains systems for the medical (clinics and insurance pharmacies) and nursing/welfare industries. It operates its business in three divisions: Pharmacy System Business develops and sells systems for pharmacies, and provides related supplies and maintenance services; Medical system involved in the development and sales of medical office administration computer systems for medical institutions and clinics; Nursing Care/Welfare Systems Business products are systems for nursing care/welfare service providers and medical and nursing care collaboration solutions; Other businesses operates through its subsidiray that provides promotes cashless payments for clinics and pharmacies and Others services.
80GF Score
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