Migalo Holdings (TSE:5535) Return-on-Tangible-Asset: 1.14% (As of Mar. 2026) — 73% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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:5535 Migalo Holdings Inc TSE:5535
53 GF Score
Price 円279.00
GF Value 円446.62
Valuation Significantly Undervalued
! 7 Warning Signs
View Full Analysis

What is Migalo Holdings Return-on-Tangible-Asset?

Migalo Holdings TSE:5535 +1.09% 53 Return-on-Tangible-Asset is 1.14% as of Mar. 2026, which is 73% below its 10-year median of 4.17. GuruFocus rates TSE:5535 with a GF Score™ of 53/100 and a GF Value™ of 円446.62 (Significantly Undervalued). The stock has 7 warning signs investors should review. Among 1,800 Real Estate companies, Migalo Holdings ranks better than 59.61% 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. Migalo Holdings's annualized Net Income for the quarter that ended in Mar. 2026 was 円606 Mil. Migalo Holdings's average total tangible assets for the quarter that ended in Mar. 2026 was 円53,143 Mil. Therefore, Migalo Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 1.14%.

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

TSE:5535' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.46   Med: 4.17   Max: 4.65
Current: 2.69

During the past 12 years, Migalo Holdings's highest Return-on-Tangible-Asset was 4.65%. The lowest was 2.46%. And the median was 4.17%.

TSE:5535's Return-on-Tangible-Asset is ranked better than
59.61% of 1800 companies
in the Real Estate industry
Industry Median: 1.75 vs TSE:5535: 2.69

Migalo Holdings  (TSE:5535) 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.


Migalo Holdings Return-on-Tangible-Asset Related Terms


Migalo Holdings Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Migalo Holdings'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.

Migalo Holdings Return-on-Tangible-Asset Chart

Migalo Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.11 4.22 2.46 2.75 2.61

Migalo Holdings Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Mar24 Sep24 Mar25 Sep25 Mar26
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 4.42 1.10 4.37 1.14

TSE:5535 vs CBRE, BEKE, JLL: Return-on-Tangible-Asset Comparison

For the Real Estate Services subindustry, Migalo Holdings'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.


Migalo Holdings Return-on-Tangible-Asset vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Migalo Holdings's Return-on-Tangible-Asset distribution charts can be found below:

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


TSE:5535
53GF Score
Migalo Holdings Inc TSE:5535
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Migalo Holdings Return-on-Tangible-Asset Calculation

Migalo Holdings's annualized Return-on-Tangible-Asset for the fiscal year that ended in Mar. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=1434.016/( (53534.52+56203.889)/ 2 )
=1434.016/54869.2045
=2.61 %

Migalo Holdings'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 )
=606.018/( (50081.23+56203.889)/ 2 )
=606.018/53142.5595
=1.14 %

* 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 1.14% mean?
Migalo Holdings (TSE:5535) has a Return-on-Tangible-Asset of 1.14% 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 Migalo Holdings and its competitors. This is 73% below median its historical median of 4.17. Over the past decade, Migalo Holdings' Return-on-Tangible-Asset has ranged from 2.46 to 4.65. According to the industry distribution chart, Migalo Holdings ranks #727 out of 1800 companies in the Real Estate industry, placing it in the top 40.4%.
Is Migalo Holdings' Return-on-Tangible-Asset too high?
Migalo Holdings' current Return-on-Tangible-Asset of 1.14% is 73% below median its 10-year median of 4.17. Over the past 10 years, this metric has ranged from a low of 2.46 to a high of 4.65. The Real Estate industry median Return-on-Tangible-Asset is 1.75. Migalo Holdings' value of 1.14% is 34.9% below this industry median. Based on the distribution chart, Migalo Holdings ranks #727 out of 1800 companies in the Real Estate industry, which is above the industry midpoint. Overall, Migalo Holdings has a GF Score™ of 53/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Migalo Holdings' Return-on-Tangible-Asset compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Migalo Holdings ranks #727 out of 1800 companies for Return-on-Tangible-Asset. This puts Migalo Holdings in the upper half of its industry. The industry median Return-on-Tangible-Asset is 1.75. Migalo Holdings' value of 1.14% is 34.9% below this benchmark. Historically, Migalo Holdings' own Return-on-Tangible-Asset has ranged from 2.46 to 4.65 over the past decade. While the company's 10-year median is 4.17 vs. the industry median of 1.75, Migalo Holdings has consistently been below 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 Real Estate company?
The median Return-on-Tangible-Asset among Real Estate companies is 1.75, based on 1,800 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. Migalo Holdings's current Return-on-Tangible-Asset of 1.14% is 34.9% below 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 Migalo Holdings and its competitors. For the Real Estate industry, the median Return-on-Tangible-Asset is 1.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Migalo Holdings's current Return-on-Tangible-Asset is 1.14%, which is 73% below median its own 10-year median of 4.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Migalo Holdings stock overvalued right now?
Based on GuruFocus' analysis, Migalo Holdings (TSE:5535) is currently considered Significantly Undervalued. The stock's GF Value™ is 円446.62, compared to a current price of 円279.00 — trading 37.5% below its estimated fair value. The current Return-on-Tangible-Asset is 1.14%, which is 73% below median its 10-year median of 4.17 and 34.9% below the Real Estate industry median of 1.75. Migalo Holdings' overall GF Score™ is 53/100 with 7 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 Migalo Holdings (TSE:5535), the current Return-on-Tangible-Asset is 1.14% 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 Migalo Holdings (TSE:5535) Overvalued in 2026?

Based on GuruFocus' analysis, Migalo Holdings stock appears to be undervalued. The current stock price of 円279.00 is trading 37.5% below its estimated GF Value™ of 円446.62. GuruFocus considers Migalo Holdings to be Significantly Undervalued.

Key valuation signals for TSE:5535:

  • Return-on-Tangible-Asset: 1.14% (73% below median its 10-year median of 4.17)
  • GF Value™: 円446.62 vs. price of 円279.00 (37.5% below fair value)
  • GF Score™: 53/100 with 7 warning signs
  • Industry Position: 34.9% below the Real Estate median (#727 of 1800)

No single metric tells the full story. See the TSE:5535 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Migalo Holdings Business Description

Address Shinjuku Island Tower, 6-5-1 Nishi-Shinjuku,41st floor, Shinjuku-ku, Tokyo, JPN, 163-1341
Migalo Holdings Inc is engaged in real estate development, sales, leasing, renting, etc., and related operations. It is also engaged in the Management and administration of group companies engaged in face recognition platform services, cloud integration services, contracted system development, etc. The group has two reportable segments, DX Promotion Business and DX Real Estate Business..
53GF Score

Get the complete analysis for TSE:5535

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

円279.00
Price
円446.62
GF Value