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Nippon Ski Resort Development CoTSE:6040 -0.45%79 Return-on-Tangible-Asset is 22.48% as of Jan. 2026, which is 320% above its 10-year median of 5.35. GuruFocus rates TSE:6040 with a GF Score™ of 79/100 and a GF Value™ of 円587.05 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 856 Travel & Leisure companies, Nippon Ski Resort Development Co ranks better than 82.36% on this metric.
The historical rank and industry rank for Nippon Ski Resort Development Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:6040'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -6 Med: 5.35 Max: 13.09
Current: 9.61
During the past 12 years, Nippon Ski Resort Development Co's highest Return-on-Tangible-Asset was 13.09%. The lowest was -6.00%. And the median was 5.35%.
TSE:6040's Return-on-Tangible-Asset is ranked better than 82.36% of 856
companies
in the Travel & Leisure industry
Industry Median: 2.865
vs TSE:6040: 9.61
Nippon Ski Resort Development Co (TSE:6040) 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.
Nippon Ski Resort Development Co Return-on-Tangible-Asset Related Terms
Nippon Ski Resort Development Co Return-on-Tangible-Asset Historical Data
* 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.
Nippon Ski Resort Development Co Return-on-Tangible-Asset Chart
TSE:6040 vs LVS, MGM, WYNN: Return-on-Tangible-Asset Comparison
For the Resorts & Casinos subindustry, Nippon Ski Resort Development 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.
Nippon Ski Resort Development Co Return-on-Tangible-Asset vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Nippon Ski Resort Development Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Nippon Ski Resort Development 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 (Jan. 2026) net income data.
What does a Return-on-Tangible-Asset of 22.48% mean?
Nippon Ski Resort Development Co (TSE:6040) has a Return-on-Tangible-Asset of 22.48% as of Jan. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Nippon Ski Resort Development Co and its competitors. This is 320% above median its historical median of 5.35. According to the industry distribution chart, Nippon Ski Resort Development Co ranks #151 out of 856 companies in the Travel & Leisure industry, placing it in the top 17.6%.
Is Nippon Ski Resort Development Co's Return-on-Tangible-Asset too high?
Nippon Ski Resort Development Co's current Return-on-Tangible-Asset of 22.48% is 320% above median its 10-year median of 5.35. The Travel & Leisure industry median Return-on-Tangible-Asset is 2.87. Nippon Ski Resort Development Co's value of 22.48% is 684.6% above this industry median. Based on the distribution chart, Nippon Ski Resort Development Co ranks #151 out of 856 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Nippon Ski Resort Development Co has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Ski Resort Development Co's Return-on-Tangible-Asset compare to LVS and MGM?
According to the Travel & Leisure industry distribution chart, Nippon Ski Resort Development Co ranks #151 out of 856 companies for Return-on-Tangible-Asset. This places Nippon Ski Resort Development Co in the top 18% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.87. Nippon Ski Resort Development Co's value of 22.48% is 684.6% above this benchmark. While the company's 10-year median is 5.35 vs. the industry median of 2.87, Nippon Ski Resort Development 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 Travel & Leisure company?
The median Return-on-Tangible-Asset among Travel & Leisure companies is 2.87, based on 856 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. Nippon Ski Resort Development Co's current Return-on-Tangible-Asset of 22.48% is 684.6% 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 Nippon Ski Resort Development Co and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Asset is 2.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Ski Resort Development Co's current Return-on-Tangible-Asset is 22.48%, which is 320% above median its own 10-year median of 5.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Ski Resort Development Co stock overvalued right now?
Based on GuruFocus' analysis, Nippon Ski Resort Development Co (TSE:6040) is currently considered Modestly Undervalued. The stock's GF Value™ is 円587.05, compared to a current price of 円447.00 — trading 23.9% below its estimated fair value. The current Return-on-Tangible-Asset is 22.48%, which is 320% above median its 10-year median of 5.35 and 684.6% above the Travel & Leisure industry median of 2.87. Nippon Ski Resort Development Co's overall GF Score™ is 79/100 with 2 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 Nippon Ski Resort Development Co (TSE:6040), the current Return-on-Tangible-Asset is 22.48% as of Jan. 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 Nippon Ski Resort Development Co (TSE:6040) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Ski Resort Development Co stock appears to be undervalued.
The current stock price of 円447.00 is trading 23.9% below its estimated GF Value™ of 円587.05.
GuruFocus considers Nippon Ski Resort Development Co to be Modestly Undervalued.
Key valuation signals for TSE:6040:
Return-on-Tangible-Asset: 22.48% (320% above median its 10-year median of 5.35)
GF Value™: 円587.05 vs. price of 円447.00 (23.9% below fair value)
Industry Position: 684.6% above the Travel & Leisure median (#151 of 856)
No single metric tells the full story. See the TSE:6040 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Ski Resort Development Co Ltd engages in the management and operation of ski resorts, and relevant facilities and services. It also provides consulting and advisory services on ski resorts, including technical support, business support, rental business support, and other services.
79GF Score
Get the complete analysis for TSE:6040
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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