Coel (TSE:522A) Return-on-Tangible-Asset: 7.62% (As of Mar. 2026) — 44% Below Median

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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:522A Coel Inc TSE:522A
18 GF Score
Price 円3,020.00
! 2 Warning Signs
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What is Coel Return-on-Tangible-Asset?

Coel TSE:522A 18 Return-on-Tangible-Asset is 7.62% as of Mar. 2026, which is 44% below its 10-year median of 13.72. GuruFocus rates TSE:522A with a GF Score™ of 18/100. The stock has 2 warning signs investors should review. Among 2,891 Software companies, Coel ranks better than 55.9% 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. Coel's annualized Net Income for the quarter that ended in Mar. 2026 was 円120 Mil. Coel's average total tangible assets for the quarter that ended in Mar. 2026 was 円1,571 Mil. Therefore, Coel's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 7.62%.

The historical rank and industry rank for Coel's Return-on-Tangible-Asset or its related term are showing as below:

TSE:522A' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.81   Med: 13.72   Max: 14.12
Current: 3.81

During the past 2 years, Coel's highest Return-on-Tangible-Asset was 14.12%. The lowest was 3.81%. And the median was 13.72%.

TSE:522A's Return-on-Tangible-Asset is ranked better than
55.9% of 2891 companies
in the Software industry
Industry Median: 2.18 vs TSE:522A: 3.81

Coel  (TSE:522A) 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 company’s 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 company’s 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.


Coel Return-on-Tangible-Asset Related Terms


Coel Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Coel'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.

Coel Return-on-Tangible-Asset Chart

Coel Annual Data
Trend Sep24 Sep25
Return-on-Tangible-Asset
14.12 13.31

Coel Semi-Annual Data
Sep24 Sep25 Mar26
Return-on-Tangible-Asset 0.00 0.00 7.62

TSE:522A vs MSFT, PLTR, ORCL: Return-on-Tangible-Asset Comparison

For the Software - Infrastructure subindustry, Coel'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.


Coel Return-on-Tangible-Asset vs Software Industry

For the Software industry and Technology sector, Coel's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Coel's Return-on-Tangible-Asset falls into.


TSE:522A
18GF Score
Coel Inc TSE:522A
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
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Coel Return-on-Tangible-Asset Calculation

Coel's annualized Return-on-Tangible-Asset for the fiscal year that ended in Sep. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Sep. 2025 )  (A: Sep. 2024 )(A: Sep. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Sep. 2025 )  (A: Sep. 2024 )(A: Sep. 2025 )
=204.755/( (1480.495+1596.337)/ 2 )
=204.755/1538.416
=13.31 %

Coel's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Sep. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Sep. 2025 )(Q: Mar. 2026 )
=119.624/( (1596.337+1544.772)/ 2 )
=119.624/1570.5545
=7.62 %

* 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 7.62% mean?
Coel (TSE:522A) has a Return-on-Tangible-Asset of 7.62% 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 Coel and its competitors. This is 44% below median its historical median of 13.72. Over the past decade, Coel's Return-on-Tangible-Asset has ranged from 3.81 to 14.12. According to the industry distribution chart, Coel ranks #1275 out of 2891 companies in the Software industry, placing it in the top 44.1%.
Is Coel's Return-on-Tangible-Asset too high?
Coel's current Return-on-Tangible-Asset of 7.62% is 44% below median its 10-year median of 13.72. Over the past 10 years, this metric has ranged from a low of 3.81 to a high of 14.12. The Software industry median Return-on-Tangible-Asset is 2.18. Coel's value of 7.62% is 249.5% above this industry median. Based on the distribution chart, Coel ranks #1275 out of 2891 companies in the Software industry, which is above the industry midpoint. Overall, Coel has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Coel's Return-on-Tangible-Asset compare to MSFT and PLTR?
According to the Software industry distribution chart, Coel ranks #1275 out of 2891 companies for Return-on-Tangible-Asset. This puts Coel in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.18. Coel's value of 7.62% is 249.5% above this benchmark. Historically, Coel's own Return-on-Tangible-Asset has ranged from 3.81 to 14.12 over the past decade. While the company's 10-year median is 13.72 vs. the industry median of 2.18, Coel 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 2.18, based on 2,891 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. Coel's current Return-on-Tangible-Asset of 7.62% is 249.5% 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 Coel and its competitors. For the Software industry, the median Return-on-Tangible-Asset is 2.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coel's current Return-on-Tangible-Asset is 7.62%, which is 44% below median its own 10-year median of 13.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coel stock overvalued right now?
Coel (TSE:522A) has a current Return-on-Tangible-Asset of 7.62%. The current Return-on-Tangible-Asset is 7.62%, which is 44% below median its 10-year median of 13.72 and 249.5% above the Software industry median of 2.18. Coel's overall GF Score™ is 18/100 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 Coel (TSE:522A), the current Return-on-Tangible-Asset is 7.62% 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.

Coel Business Description

Address 6-1 Ushijima-cho, Nishi-ku, Nagoya Lucent Tower 27th Floor, Aichi Prefecture, Nagoya, JPN, 451-6027
Coel Inc provides services and software solutions aimed at streamlining back-office operations, including accounting, human resources, workflow management, and data utilization. Its offerings include enterprise software products and cloud-based solutions such as workflow management, ERP systems (Magistrate Series), data integration tools, and custom cloud application development on platforms like Salesforce and kintone.
18GF Score

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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円3,020.00
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