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Noevir Holdings CoTSE:4928 -2.09%79 Return-on-Tangible-Asset is 7.31% as of Dec. 2025, which is 17% below its 10-year median of 8.83. GuruFocus rates TSE:4928 with a GF Score™ of 79/100 and a GF Value™ of 円5,269.29 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,996 Consumer Packaged Goods companies, Noevir Holdings Co ranks better than 84.62% 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. Noevir Holdings Co's annualizedNet Income for the quarter that ended in Dec. 2025 was 円5,284 Mil. Noevir Holdings Co's average total tangible assets for the quarter that ended in Dec. 2025 was 円72,278 Mil. Therefore, Noevir Holdings Co's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 7.31%.
The historical rank and industry rank for Noevir Holdings Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:4928'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 5.73 Med: 8.83 Max: 11.3
Current: 11.3
During the past 13 years, Noevir Holdings Co's highest Return-on-Tangible-Asset was 11.30%. The lowest was 5.73%. And the median was 8.83%.
TSE:4928's Return-on-Tangible-Asset is ranked better than 84.62% of 1996
companies
in the Consumer Packaged Goods industry
Industry Median: 3.5
vs TSE:4928: 11.30
Noevir Holdings Co (TSE:4928) 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.
Noevir Holdings Co Return-on-Tangible-Asset Related Terms
Noevir Holdings Co Return-on-Tangible-Asset Historical Data
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The historical data trend for Noevir Holdings 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:4928 vs PG, CL, KVUE: Return-on-Tangible-Asset Comparison
For the Household & Personal Products subindustry, Noevir Holdings 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.
Noevir Holdings Co Return-on-Tangible-Asset vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Noevir Holdings Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Noevir Holdings 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 7.31% mean?
Noevir Holdings Co (TSE:4928) has a Return-on-Tangible-Asset of 7.31% 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 Noevir Holdings Co and its competitors. This is 17% below median its historical median of 8.83. Over the past decade, Noevir Holdings Co's Return-on-Tangible-Asset has ranged from 5.73 to 11.30. According to the industry distribution chart, Noevir Holdings Co ranks #307 out of 1996 companies in the Consumer Packaged Goods industry, placing it in the top 15.4%.
Is Noevir Holdings Co's Return-on-Tangible-Asset too high?
Noevir Holdings Co's current Return-on-Tangible-Asset of 7.31% is 17% below median its 10-year median of 8.83. Over the past 10 years, this metric has ranged from a low of 5.73 to a high of 11.30. The Consumer Packaged Goods industry median Return-on-Tangible-Asset is 3.50. Noevir Holdings Co's value of 7.31% is 108.9% above this industry median. Based on the distribution chart, Noevir Holdings Co ranks #307 out of 1996 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Noevir Holdings Co has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Noevir Holdings Co's Return-on-Tangible-Asset compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Noevir Holdings Co ranks #307 out of 1996 companies for Return-on-Tangible-Asset. This places Noevir Holdings Co in the top 15% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.50. Noevir Holdings Co's value of 7.31% is 108.9% above this benchmark. Historically, Noevir Holdings Co's own Return-on-Tangible-Asset has ranged from 5.73 to 11.30 over the past decade. While the company's 10-year median is 8.83 vs. the industry median of 3.50, Noevir Holdings Co 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 Consumer Packaged Goods company?
The median Return-on-Tangible-Asset among Consumer Packaged Goods companies is 3.50, based on 1,996 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. Noevir Holdings Co's current Return-on-Tangible-Asset of 7.31% is 108.9% 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 Noevir Holdings Co and its competitors. For the Consumer Packaged Goods industry, the median Return-on-Tangible-Asset is 3.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Noevir Holdings Co's current Return-on-Tangible-Asset is 7.31%, which is 17% below median its own 10-year median of 8.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Noevir Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Noevir Holdings Co (TSE:4928) is currently considered Modestly Undervalued. The stock's GF Value™ is 円5,269.29, compared to a current price of 円4,690.00 — trading 11% below its estimated fair value. The current Return-on-Tangible-Asset is 7.31%, which is 17% below median its 10-year median of 8.83 and 108.9% above the Consumer Packaged Goods industry median of 3.50. Noevir Holdings Co's overall GF Score™ is 79/100 with 2 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 Noevir Holdings Co (TSE:4928), the current Return-on-Tangible-Asset is 7.31% 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 Noevir Holdings Co (TSE:4928) Overvalued in 2026?
Based on GuruFocus' analysis, Noevir Holdings Co stock appears to be undervalued.
The current stock price of 円4,690.00 is trading 11% below its estimated GF Value™ of 円5,269.29.
GuruFocus considers Noevir Holdings Co to be Modestly Undervalued.
Key valuation signals for TSE:4928:
Return-on-Tangible-Asset: 7.31% (17% below median its 10-year median of 8.83)
GF Value™: 円5,269.29 vs. price of 円4,690.00 (11% below fair value)
Industry Position: 108.9% above the Consumer Packaged Goods median (#307 of 1996)
No single metric tells the full story. See the TSE:4928 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Noevir Holdings Co Ltd is a Japan-based company that is principally engaged in two businesses: cosmetics and pharmaceuticals and health food. The cosmetics business produces and offers skincare and makeup products under a number of brands, like Noevir, NOV, and Sana. The pharmaceuticals and health food business develops, produces, and sells a broad range-of-products, including Nanten Nodo Ame cough drops, functional drinks, and other over-the-counter pharmaceuticals, such as cold remedies and eye drops, and health food products as well. These two businesses jointly contribute the majority of the company's revenue. The company also operates apparel and aircraft sales and leasing. The company has a presence in many countries across the world and focuses on developing Asian markets.
79GF Score
Get the complete analysis for TSE:4928
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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