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Kyoei SteelTSE:5440 -0.26%71 Return-on-Tangible-Asset is 2.13% as of Mar. 2026, which is 27% below its 10-year median of 2.90. GuruFocus rates TSE:5440 with a GF Score™ of 71/100 and a GF Value™ of 円2,044.18 (Fairly Valued). The stock has 3 warning signs investors should review. Among 635 Steel companies, Kyoei Steel ranks better than 54.96% 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. Kyoei Steel's annualizedNet Income for the quarter that ended in Mar. 2026 was 円7,684 Mil. Kyoei Steel's average total tangible assets for the quarter that ended in Mar. 2026 was 円361,039 Mil. Therefore, Kyoei Steel's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 2.13%.
The historical rank and industry rank for Kyoei Steel's Return-on-Tangible-Asset or its related term are showing as below:
TSE:5440'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.57 Med: 2.9 Max: 4.07
Current: 2.58
During the past 13 years, Kyoei Steel's highest Return-on-Tangible-Asset was 4.07%. The lowest was 1.57%. And the median was 2.90%.
TSE:5440's Return-on-Tangible-Asset is ranked better than 54.96% of 635
companies
in the Steel industry
Industry Median: 2.07
vs TSE:5440: 2.58
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.
Kyoei Steel Return-on-Tangible-Asset Related Terms
Kyoei Steel Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Kyoei Steel'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:5440 vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, Kyoei Steel'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.
Kyoei Steel Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, Kyoei Steel's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Kyoei Steel'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 2.13% mean?
Kyoei Steel (TSE:5440) has a Return-on-Tangible-Asset of 2.13% 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 Kyoei Steel and its competitors. This is 27% below median its historical median of 2.90. Over the past decade, Kyoei Steel's Return-on-Tangible-Asset has ranged from 1.57 to 4.07. According to the industry distribution chart, Kyoei Steel ranks #286 out of 635 companies in the Steel industry, placing it in the top 45%.
Is Kyoei Steel's Return-on-Tangible-Asset too high?
Kyoei Steel's current Return-on-Tangible-Asset of 2.13% is 27% below median its 10-year median of 2.90. Over the past 10 years, this metric has ranged from a low of 1.57 to a high of 4.07. The Steel industry median Return-on-Tangible-Asset is 2.07. Kyoei Steel's value of 2.13% is 2.9% above this industry median. Based on the distribution chart, Kyoei Steel ranks #286 out of 635 companies in the Steel industry, which is above the industry midpoint. Overall, Kyoei Steel has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kyoei Steel's Return-on-Tangible-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, Kyoei Steel ranks #286 out of 635 companies for Return-on-Tangible-Asset. This puts Kyoei Steel in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.07. Kyoei Steel's value of 2.13% is 2.9% above this benchmark. Historically, Kyoei Steel's own Return-on-Tangible-Asset has ranged from 1.57 to 4.07 over the past decade. While the company's 10-year median is 2.90 vs. the industry median of 2.07, Kyoei Steel 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 Steel company?
The median Return-on-Tangible-Asset among Steel companies is 2.07, based on 635 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. Kyoei Steel's current Return-on-Tangible-Asset of 2.13% is 2.9% 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 Kyoei Steel and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kyoei Steel's current Return-on-Tangible-Asset is 2.13%, which is 27% below median its own 10-year median of 2.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kyoei Steel stock overvalued right now?
Based on GuruFocus' analysis, Kyoei Steel (TSE:5440) is currently considered Fairly Valued. The stock's GF Value™ is 円2,044.18, compared to a current price of 円1,888.00 — trading 7.6% below its estimated fair value. The current Return-on-Tangible-Asset is 2.13%, which is 27% below median its 10-year median of 2.90 and 2.9% above the Steel industry median of 2.07. Kyoei Steel's overall GF Score™ is 71/100 with 3 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 Kyoei Steel (TSE:5440), the current Return-on-Tangible-Asset is 2.13% 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 Kyoei Steel (TSE:5440) Overvalued in 2026?
Based on GuruFocus' analysis, Kyoei Steel stock appears to be undervalued.
The current stock price of 円1,888.00 is trading 7.6% below its estimated GF Value™ of 円2,044.18.
GuruFocus considers Kyoei Steel to be Fairly Valued.
Key valuation signals for TSE:5440:
Return-on-Tangible-Asset: 2.13% (27% below median its 10-year median of 2.90)
GF Value™: 円2,044.18 vs. price of 円1,888.00 (7.6% below fair value)
Industry Position: 2.9% above the Steel median (#286 of 635)
No single metric tells the full story. See the TSE:5440 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kyoei Steel Ltd is involved in the business Steel and Material recycling. Its primary activities include manufacture, processing, and sale of steel billets and products, collection, transportation and treatment of general, industrial and medical waste, recycling of automobiles and industrial waste, processing assembly of rebars, designing of steel production plants and sale of steelmaking technology. The firm's products include concrete steel bars, flat bars, I-beams, equal angle bars etc.
71GF Score
Get the complete analysis for TSE:5440
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