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Mory IndustriesTSE:5464 +0.43%69 Return-on-Tangible-Asset is 4.48% as of Mar. 2026, which is 28% below its 10-year median of 6.22. GuruFocus rates TSE:5464 with a GF Score™ of 69/100 and a GF Value™ of 円927.10 (Fairly Valued). The stock has 1 warning sign investors should review. Among 634 Steel companies, Mory Industries ranks better than 72.4% 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. Mory Industries's annualizedNet Income for the quarter that ended in Mar. 2026 was 円3,212 Mil. Mory Industries's average total tangible assets for the quarter that ended in Mar. 2026 was 円71,708 Mil. Therefore, Mory Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 4.48%.
The historical rank and industry rank for Mory Industries's Return-on-Tangible-Asset or its related term are showing as below:
TSE:5464'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.5 Med: 6.22 Max: 8.26
Current: 4.83
During the past 13 years, Mory Industries's highest Return-on-Tangible-Asset was 8.26%. The lowest was 4.50%. And the median was 6.22%.
TSE:5464's Return-on-Tangible-Asset is ranked better than 72.4% of 634
companies
in the Steel industry
Industry Median: 2.125
vs TSE:5464: 4.83
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.
Mory Industries Return-on-Tangible-Asset Related Terms
Mory Industries Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Mory Industries'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:5464 vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, Mory Industries'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.
Mory Industries Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, Mory Industries's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Mory Industries'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 4.48% mean?
Mory Industries (TSE:5464) has a Return-on-Tangible-Asset of 4.48% 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 Mory Industries and its competitors. This is 28% below median its historical median of 6.22. Over the past decade, Mory Industries' Return-on-Tangible-Asset has ranged from 4.50 to 8.26. According to the industry distribution chart, Mory Industries ranks #175 out of 634 companies in the Steel industry, placing it in the top 27.6%.
Is Mory Industries' Return-on-Tangible-Asset too high?
Mory Industries' current Return-on-Tangible-Asset of 4.48% is 28% below median its 10-year median of 6.22. Over the past 10 years, this metric has ranged from a low of 4.50 to a high of 8.26. The Steel industry median Return-on-Tangible-Asset is 2.13. Mory Industries' value of 4.48% is 110.8% above this industry median. Based on the distribution chart, Mory Industries ranks #175 out of 634 companies in the Steel industry, which is above the industry midpoint. Overall, Mory Industries has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mory Industries' Return-on-Tangible-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, Mory Industries ranks #175 out of 634 companies for Return-on-Tangible-Asset. This puts Mory Industries in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.13. Mory Industries' value of 4.48% is 110.8% above this benchmark. Historically, Mory Industries' own Return-on-Tangible-Asset has ranged from 4.50 to 8.26 over the past decade. While the company's 10-year median is 6.22 vs. the industry median of 2.13, Mory Industries 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 2.13, based on 634 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. Mory Industries's current Return-on-Tangible-Asset of 4.48% is 110.8% 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 Mory Industries and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 2.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mory Industries's current Return-on-Tangible-Asset is 4.48%, which is 28% below median its own 10-year median of 6.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mory Industries stock overvalued right now?
Based on GuruFocus' analysis, Mory Industries (TSE:5464) is currently considered Fairly Valued. The stock's GF Value™ is 円927.10, compared to a current price of 円940.00 — trading 1.4% above its estimated fair value. The current Return-on-Tangible-Asset is 4.48%, which is 28% below median its 10-year median of 6.22 and 110.8% above the Steel industry median of 2.13. Mory Industries' overall GF Score™ is 69/100 with 1 warning sign 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 Mory Industries (TSE:5464), the current Return-on-Tangible-Asset is 4.48% 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 Mory Industries (TSE:5464) Overvalued in 2026?
Based on GuruFocus' analysis, Mory Industries stock appears to be overvalued.
The current stock price of 円940.00 is trading 1.4% above its estimated GF Value™ of 円927.10.
GuruFocus considers Mory Industries to be Fairly Valued.
Key valuation signals for TSE:5464:
Return-on-Tangible-Asset: 4.48% (28% below median its 10-year median of 6.22)
GF Value™: 円927.10 vs. price of 円940.00 (1.4% above fair value)
Industry Position: 110.8% above the Steel median (#175 of 634)
No single metric tells the full story. See the TSE:5464 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mory Industries Inc is a Japan-based steel manufacturer. The company is mainly engaged in the manufacturing and sales steel products including stainless steel pipes and tubes, stainless steel flat bars, angle bars, round bars and processing goods of stainless product, welded carbon steel tubes and automatic tube cutting machines.
69GF Score
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