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Nagaoka InternationalTSE:6239 -0.84%69 Return-on-Tangible-Asset is 5.69% as of Mar. 2026, which is 46% below its 10-year median of 10.48. GuruFocus rates TSE:6239 with a GF Score™ of 69/100 and a GF Value™ of 円1,101.44 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,035 Oil & Gas companies, Nagaoka International ranks better than 54.01% 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. Nagaoka International's annualizedNet Income for the quarter that ended in Mar. 2026 was 円526 Mil. Nagaoka International's average total tangible assets for the quarter that ended in Mar. 2026 was 円9,255 Mil. Therefore, Nagaoka International's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 5.69%.
The historical rank and industry rank for Nagaoka International's Return-on-Tangible-Asset or its related term are showing as below:
TSE:6239'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -11.13 Med: 10.48 Max: 13.37
Current: 3.47
During the past 13 years, Nagaoka International's highest Return-on-Tangible-Asset was 13.37%. The lowest was -11.13%. And the median was 10.48%.
TSE:6239's Return-on-Tangible-Asset is ranked better than 54.01% of 1035
companies
in the Oil & Gas industry
Industry Median: 2.72
vs TSE:6239: 3.47
Nagaoka International (TSE:6239) 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.
Nagaoka International Return-on-Tangible-Asset Related Terms
Nagaoka International Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Nagaoka International'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.
Nagaoka International Return-on-Tangible-Asset Chart
TSE:6239 vs MPC, VLO, PSX: Return-on-Tangible-Asset Comparison
For the Oil & Gas Refining & Marketing subindustry, Nagaoka International'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.
Nagaoka International Return-on-Tangible-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Nagaoka International's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Nagaoka International'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 5.69% mean?
Nagaoka International (TSE:6239) has a Return-on-Tangible-Asset of 5.69% 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 Nagaoka International and its competitors. This is 46% below median its historical median of 10.48. According to the industry distribution chart, Nagaoka International ranks #476 out of 1035 companies in the Oil & Gas industry, placing it in the top 46%.
Is Nagaoka International's Return-on-Tangible-Asset too high?
Nagaoka International's current Return-on-Tangible-Asset of 5.69% is 46% below median its 10-year median of 10.48. The Oil & Gas industry median Return-on-Tangible-Asset is 2.72. Nagaoka International's value of 5.69% is 109.2% above this industry median. Based on the distribution chart, Nagaoka International ranks #476 out of 1035 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Nagaoka International has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nagaoka International's Return-on-Tangible-Asset compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, Nagaoka International ranks #476 out of 1035 companies for Return-on-Tangible-Asset. This puts Nagaoka International in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.72. Nagaoka International's value of 5.69% is 109.2% above this benchmark. While the company's 10-year median is 10.48 vs. the industry median of 2.72, Nagaoka International 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 an Oil & Gas company?
The median Return-on-Tangible-Asset among Oil & Gas companies is 2.72, based on 1,035 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. Nagaoka International's current Return-on-Tangible-Asset of 5.69% is 109.2% 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 Nagaoka International and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Asset is 2.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nagaoka International's current Return-on-Tangible-Asset is 5.69%, which is 46% below median its own 10-year median of 10.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nagaoka International stock overvalued right now?
Based on GuruFocus' analysis, Nagaoka International (TSE:6239) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,101.44, compared to a current price of 円1,420.00 — trading 28.9% above its estimated fair value. The current Return-on-Tangible-Asset is 5.69%, which is 46% below median its 10-year median of 10.48 and 109.2% above the Oil & Gas industry median of 2.72. Nagaoka International's overall GF Score™ is 69/100 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 Nagaoka International (TSE:6239), the current Return-on-Tangible-Asset is 5.69% 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 Nagaoka International (TSE:6239) Overvalued in 2026?
Based on GuruFocus' analysis, Nagaoka International stock appears to be overvalued.
The current stock price of 円1,420.00 is trading 28.9% above its estimated GF Value™ of 円1,101.44.
GuruFocus considers Nagaoka International to be Modestly Overvalued.
Key valuation signals for TSE:6239:
Return-on-Tangible-Asset: 5.69% (46% below median its 10-year median of 10.48)
GF Value™: 円1,101.44 vs. price of 円1,420.00 (28.9% above fair value)
Industry Position: 109.2% above the Oil & Gas median (#476 of 1035)
No single metric tells the full story. See the TSE:6239 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nagaoka International Corp is engaged in the manufacturing and sale of equipment and systems for energy and water-related industries. The company has two reportable segments: energy-related business and water-related business. The energy-related business focuses on producing screen internals and internal equipment for oil refineries and petrochemical plants. The water-related business is involved in the manufacture and sale of water intake screens, Chemiless and Hisys systems, and the construction of water treatment plants. It generates the majority of its revenue from the Energy-related business segment.
69GF Score
Get the complete analysis for TSE:6239
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