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Japan Pure Chemical CoTSE:4973 +2.15%71 Return-on-Tangible-Asset is 11.86% as of Mar. 2026, which is 74% above its 10-year median of 6.80. GuruFocus rates TSE:4973 with a GF Score™ of 71/100 and a GF Value™ of 円4,591.52 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,613 Chemicals companies, Japan Pure Chemical Co ranks better than 85.43% 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. Japan Pure Chemical Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円2,359 Mil. Japan Pure Chemical Co's average total tangible assets for the quarter that ended in Mar. 2026 was 円19,893 Mil. Therefore, Japan Pure Chemical Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 11.86%.
The historical rank and industry rank for Japan Pure Chemical Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:4973'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.36 Med: 6.8 Max: 9.75
Current: 9.75
During the past 13 years, Japan Pure Chemical Co's highest Return-on-Tangible-Asset was 9.75%. The lowest was 3.36%. And the median was 6.80%.
TSE:4973's Return-on-Tangible-Asset is ranked better than 85.43% of 1613
companies
in the Chemicals industry
Industry Median: 3.11
vs TSE:4973: 9.75
Japan Pure Chemical Co (TSE:4973) 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.
Japan Pure Chemical Co Return-on-Tangible-Asset Related Terms
Japan Pure Chemical Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Japan Pure Chemical 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.
Japan Pure Chemical Co Return-on-Tangible-Asset Chart
TSE:4973 vs LIN, SHW, ECL: Return-on-Tangible-Asset Comparison
For the Specialty Chemicals subindustry, Japan Pure Chemical 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.
Japan Pure Chemical Co Return-on-Tangible-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Japan Pure Chemical Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Japan Pure Chemical 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 two times the semi-annual (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 11.86% mean?
Japan Pure Chemical Co (TSE:4973) has a Return-on-Tangible-Asset of 11.86% 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 Japan Pure Chemical Co and its competitors. This is 74% above median its historical median of 6.80. Over the past decade, Japan Pure Chemical Co's Return-on-Tangible-Asset has ranged from 3.36 to 9.75. According to the industry distribution chart, Japan Pure Chemical Co ranks #235 out of 1613 companies in the Chemicals industry, placing it in the top 14.6%.
Is Japan Pure Chemical Co's Return-on-Tangible-Asset too high?
Japan Pure Chemical Co's current Return-on-Tangible-Asset of 11.86% is 74% above median its 10-year median of 6.80. Over the past 10 years, this metric has ranged from a low of 3.36 to a high of 9.75. The Chemicals industry median Return-on-Tangible-Asset is 3.11. Japan Pure Chemical Co's value of 11.86% is 281.4% above this industry median. Based on the distribution chart, Japan Pure Chemical Co ranks #235 out of 1613 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Japan Pure Chemical Co has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Japan Pure Chemical Co's Return-on-Tangible-Asset compare to LIN and SHW?
According to the Chemicals industry distribution chart, Japan Pure Chemical Co ranks #235 out of 1613 companies for Return-on-Tangible-Asset. This places Japan Pure Chemical Co in the top 15% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.11. Japan Pure Chemical Co's value of 11.86% is 281.4% above this benchmark. Historically, Japan Pure Chemical Co's own Return-on-Tangible-Asset has ranged from 3.36 to 9.75 over the past decade. While the company's 10-year median is 6.80 vs. the industry median of 3.11, Japan Pure Chemical 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 Chemicals company?
The median Return-on-Tangible-Asset among Chemicals companies is 3.11, based on 1,613 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. Japan Pure Chemical Co's current Return-on-Tangible-Asset of 11.86% is 281.4% 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 Japan Pure Chemical Co and its competitors. For the Chemicals industry, the median Return-on-Tangible-Asset is 3.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Pure Chemical Co's current Return-on-Tangible-Asset is 11.86%, which is 74% above median its own 10-year median of 6.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Pure Chemical Co stock overvalued right now?
Based on GuruFocus' analysis, Japan Pure Chemical Co (TSE:4973) is currently considered Fairly Valued. The stock's GF Value™ is 円4,591.52, compared to a current price of 円4,285.00 — trading 6.7% below its estimated fair value. The current Return-on-Tangible-Asset is 11.86%, which is 74% above median its 10-year median of 6.80 and 281.4% above the Chemicals industry median of 3.11. Japan Pure Chemical Co's overall GF Score™ is 71/100 with 5 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 Japan Pure Chemical Co (TSE:4973), the current Return-on-Tangible-Asset is 11.86% 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 Japan Pure Chemical Co (TSE:4973) Overvalued in 2026?
Based on GuruFocus' analysis, Japan Pure Chemical Co stock appears to be undervalued.
The current stock price of 円4,285.00 is trading 6.7% below its estimated GF Value™ of 円4,591.52.
GuruFocus considers Japan Pure Chemical Co to be Fairly Valued.
Key valuation signals for TSE:4973:
Return-on-Tangible-Asset: 11.86% (74% above median its 10-year median of 6.80)
GF Value™: 円4,591.52 vs. price of 円4,285.00 (6.7% below fair value)
Industry Position: 281.4% above the Chemicals median (#235 of 1613)
No single metric tells the full story. See the TSE:4973 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Japan Pure Chemical Co Ltd develops, manufactures, and sells precious metal plating chemicals for electronic devices in Japan. It offers gold electroplating formulation for semiconductor applications such as connector and soldering uses; and palladium electroplating formulation for the connector, lead frame, and decorative uses. The firm also provides a gold coating for soldering and wire bonding; electroless palladium plating formulation for wire bonding and soldering uses; and silver plating formulations. In addition, it offers strike gold plating formulation that enhances the adherence of plated coatings.
71GF Score
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