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SBI Leasing Services CoTSE:5834 +2.77%73 Return-on-Tangible-Asset is 5.17% as of Mar. 2026, which is 7% below its 10-year median of 5.58. GuruFocus rates TSE:5834 with a GF Score™ of 73/100 and a GF Value™ of 円2,058.72 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,098 Business Services companies, SBI Leasing Services Co ranks better than 59.38% 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. SBI Leasing Services Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円5,494 Mil. SBI Leasing Services Co's average total tangible assets for the quarter that ended in Mar. 2026 was 円106,181 Mil. Therefore, SBI Leasing Services Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 5.17%.
The historical rank and industry rank for SBI Leasing Services Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:5834'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -18.91 Med: 5.58 Max: 29.66
Current: 5.71
During the past 6 years, SBI Leasing Services Co's highest Return-on-Tangible-Asset was 29.66%. The lowest was -18.91%. And the median was 5.58%.
TSE:5834's Return-on-Tangible-Asset is ranked better than 59.38% of 1098
companies
in the Business Services industry
Industry Median: 3.975
vs TSE:5834: 5.71
SBI Leasing Services Co (TSE:5834) 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.
SBI Leasing Services Co Return-on-Tangible-Asset Related Terms
SBI Leasing Services Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for SBI Leasing Services 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.
SBI Leasing Services Co Return-on-Tangible-Asset Chart
TSE:5834 vs URI, SUNB, AER: Return-on-Tangible-Asset Comparison
For the Rental & Leasing Services subindustry, SBI Leasing Services 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.
SBI Leasing Services Co Return-on-Tangible-Asset vs Business Services Industry
For the Business Services industry and Industrials sector, SBI Leasing Services Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where SBI Leasing Services 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 5.17% mean?
SBI Leasing Services Co (TSE:5834) has a Return-on-Tangible-Asset of 5.17% 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 SBI Leasing Services Co and its competitors. This is near median its historical median of 5.58. According to the industry distribution chart, SBI Leasing Services Co ranks #446 out of 1098 companies in the Business Services industry, placing it in the top 40.6%.
Is SBI Leasing Services Co's Return-on-Tangible-Asset too high?
SBI Leasing Services Co's current Return-on-Tangible-Asset of 5.17% is near median its 10-year median of 5.58. The Business Services industry median Return-on-Tangible-Asset is 3.98. SBI Leasing Services Co's value of 5.17% is 30.1% above this industry median. Based on the distribution chart, SBI Leasing Services Co ranks #446 out of 1098 companies in the Business Services industry, which is above the industry midpoint. Overall, SBI Leasing Services Co has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SBI Leasing Services Co's Return-on-Tangible-Asset compare to URI and SUNB?
According to the Business Services industry distribution chart, SBI Leasing Services Co ranks #446 out of 1098 companies for Return-on-Tangible-Asset. This puts SBI Leasing Services Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.98. SBI Leasing Services Co's value of 5.17% is 30.1% above this benchmark. While the company's 10-year median is 5.58 vs. the industry median of 3.98, SBI Leasing Services 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 Business Services company?
The median Return-on-Tangible-Asset among Business Services companies is 3.98, based on 1,098 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. SBI Leasing Services Co's current Return-on-Tangible-Asset of 5.17% is 30.1% 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 SBI Leasing Services Co and its competitors. For the Business Services industry, the median Return-on-Tangible-Asset is 3.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SBI Leasing Services Co's current Return-on-Tangible-Asset is 5.17%, which is near median its own 10-year median of 5.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SBI Leasing Services Co stock overvalued right now?
Based on GuruFocus' analysis, SBI Leasing Services Co (TSE:5834) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,058.72, compared to a current price of 円2,816.00 — trading 36.8% above its estimated fair value. The current Return-on-Tangible-Asset is 5.17%, which is near median its 10-year median of 5.58 and 30.1% above the Business Services industry median of 3.98. SBI Leasing Services Co's overall GF Score™ is 73/100 with 4 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 SBI Leasing Services Co (TSE:5834), the current Return-on-Tangible-Asset is 5.17% 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 SBI Leasing Services Co (TSE:5834) Overvalued in 2026?
Based on GuruFocus' analysis, SBI Leasing Services Co stock appears to be overvalued.
The current stock price of 円2,816.00 is trading 36.8% above its estimated GF Value™ of 円2,058.72.
GuruFocus considers SBI Leasing Services Co to be Significantly Overvalued.
Key valuation signals for TSE:5834:
Return-on-Tangible-Asset: 5.17% (near median its 10-year median of 5.58)
GF Value™: 円2,058.72 vs. price of 円2,816.00 (36.8% above fair value)
Industry Position: 30.1% above the Business Services median (#446 of 1098)
No single metric tells the full story. See the TSE:5834 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SBI Leasing Services Co Ltd offers Japanese-style operating lease products that invest in real assets such as aircraft and ships. It also participate in the principal investment business (self-investment in ships) as an investor.
73GF Score
Get the complete analysis for TSE:5834
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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