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Japan Eyewear Holdings CoTSE:5889 +1.33%15 Return-on-Tangible-Asset is 22.14% as of Apr. 2026, which is 28% above its 10-year median of 17.33. GuruFocus rates TSE:5889 with a GF Score™ of 15/100. The stock has 6 warning signs investors should review. Among 855 Medical Devices & Instruments companies, Japan Eyewear Holdings Co ranks better than 85.15% 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. Japan Eyewear Holdings Co's annualizedNet Income for the quarter that ended in Apr. 2026 was 円4,264 Mil. Japan Eyewear Holdings Co's average total tangible assets for the quarter that ended in Apr. 2026 was 円19,259 Mil. Therefore, Japan Eyewear Holdings Co's annualized Return-on-Tangible-Asset for the quarter that ended in Apr. 2026 was 22.14%.
The historical rank and industry rank for Japan Eyewear Holdings Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:5889'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.98 Med: 17.33 Max: 24.02
Current: 10.78
During the past 6 years, Japan Eyewear Holdings Co's highest Return-on-Tangible-Asset was 24.02%. The lowest was 0.98%. And the median was 17.33%.
TSE:5889's Return-on-Tangible-Asset is ranked better than 85.15% of 855
companies
in the Medical Devices & Instruments industry
Industry Median: 0.56
vs TSE:5889: 10.78
Japan Eyewear Holdings Co (TSE:5889) 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.
Japan Eyewear Holdings Co Return-on-Tangible-Asset Related Terms
Japan Eyewear Holdings Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Japan Eyewear Holdings 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.
Japan Eyewear Holdings Co Return-on-Tangible-Asset Chart
TSE:5889 vs ISRG, BDX, MDLN: Return-on-Tangible-Asset Comparison
For the Medical Instruments & Supplies subindustry, Japan Eyewear Holdings 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.
Japan Eyewear Holdings Co Return-on-Tangible-Asset vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Japan Eyewear Holdings Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Japan Eyewear Holdings 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 four times the quarterly (Apr. 2026) net income data.
What does a Return-on-Tangible-Asset of 22.14% mean?
Japan Eyewear Holdings Co (TSE:5889) has a Return-on-Tangible-Asset of 22.14% as of Apr. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Japan Eyewear Holdings Co and its competitors. This is 28% above median its historical median of 17.33. Over the past decade, Japan Eyewear Holdings Co's Return-on-Tangible-Asset has ranged from 0.98 to 24.02. According to the industry distribution chart, Japan Eyewear Holdings Co ranks #127 out of 855 companies in the Medical Devices & Instruments industry, placing it in the top 14.9%.
Is Japan Eyewear Holdings Co's Return-on-Tangible-Asset too high?
Japan Eyewear Holdings Co's current Return-on-Tangible-Asset of 22.14% is 28% above median its 10-year median of 17.33. Over the past 10 years, this metric has ranged from a low of 0.98 to a high of 24.02. The Medical Devices & Instruments industry median Return-on-Tangible-Asset is 0.56. Japan Eyewear Holdings Co's value of 22.14% is 3853.6% above this industry median. Based on the distribution chart, Japan Eyewear Holdings Co ranks #127 out of 855 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, Japan Eyewear Holdings Co has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Japan Eyewear Holdings Co's Return-on-Tangible-Asset compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, Japan Eyewear Holdings Co ranks #127 out of 855 companies for Return-on-Tangible-Asset. This places Japan Eyewear Holdings Co in the top 15% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 0.56. Japan Eyewear Holdings Co's value of 22.14% is 3853.6% above this benchmark. Historically, Japan Eyewear Holdings Co's own Return-on-Tangible-Asset has ranged from 0.98 to 24.02 over the past decade. While the company's 10-year median is 17.33 vs. the industry median of 0.56, Japan Eyewear Holdings 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 Medical Devices & Instruments company?
The median Return-on-Tangible-Asset among Medical Devices & Instruments companies is 0.56, based on 855 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. Japan Eyewear Holdings Co's current Return-on-Tangible-Asset of 22.14% is 3853.6% 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 Japan Eyewear Holdings Co and its competitors. For the Medical Devices & Instruments industry, the median Return-on-Tangible-Asset is 0.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Eyewear Holdings Co's current Return-on-Tangible-Asset is 22.14%, which is 28% above median its own 10-year median of 17.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Eyewear Holdings Co stock overvalued right now?
Japan Eyewear Holdings Co (TSE:5889) has a current Return-on-Tangible-Asset of 22.14%. The current Return-on-Tangible-Asset is 22.14%, which is 28% above median its 10-year median of 17.33 and 3853.6% above the Medical Devices & Instruments industry median of 0.56. Japan Eyewear Holdings Co's overall GF Score™ is 15/100 with 6 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 Japan Eyewear Holdings Co (TSE:5889), the current Return-on-Tangible-Asset is 22.14% as of Apr. 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.
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