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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. Techno Smart's annualizedNet Income for the quarter that ended in Mar. 2026 was 円-302 Mil. Techno Smart's average total tangible assets for the quarter that ended in Mar. 2026 was 円33,257 Mil. Therefore, Techno Smart's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -0.91%.
The historical rank and industry rank for Techno Smart's Return-on-Tangible-Asset or its related term are showing as below:
TSE:6246'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.57 Med: 5.65 Max: 8.59
Current: 5.24
During the past 13 years, Techno Smart's highest Return-on-Tangible-Asset was 8.59%. The lowest was 2.57%. And the median was 5.65%.
TSE:6246's Return-on-Tangible-Asset is ranked better than 63.02% of 3077
companies
in the Industrial Products industry
Industry Median: 3.31
vs TSE:6246: 5.24
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.
Techno Smart Return-on-Tangible-Asset Related Terms
Techno Smart Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Techno Smart'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.
TSE:6246 vs GEV, ETN, PH: Return-on-Tangible-Asset Comparison
For the Specialty Industrial Machinery subindustry, Techno Smart'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.
Techno Smart Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Techno Smart's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Techno Smart'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 -0.91% mean?
Techno Smart (TSE:6246) has a Return-on-Tangible-Asset of -0.91% 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 Techno Smart and its competitors. Over the past decade, Techno Smart's Return-on-Tangible-Asset has ranged from 2.57 to 8.59. According to the industry distribution chart, Techno Smart ranks #1138 out of 3077 companies in the Industrial Products industry, placing it in the top 37%.
Is Techno Smart's Return-on-Tangible-Asset too high?
Techno Smart's current Return-on-Tangible-Asset is -0.91%. Over the past 10 years, this metric has ranged from a low of 2.57 to a high of 8.59. Based on the distribution chart, Techno Smart ranks #1138 out of 3077 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Techno Smart has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Techno Smart's Return-on-Tangible-Asset compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Techno Smart ranks #1138 out of 3077 companies for Return-on-Tangible-Asset. This puts Techno Smart in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.31. Historically, Techno Smart's own Return-on-Tangible-Asset has ranged from 2.57 to 8.59 over the past decade. 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 Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.31, based on 3,077 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. 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 Techno Smart and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Techno Smart's current Return-on-Tangible-Asset is -0.91%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Techno Smart stock overvalued right now?
Based on GuruFocus' analysis, Techno Smart (TSE:6246) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,071.25, compared to a current price of 円1,858.00 — trading 10.3% below its estimated fair value. The current Return-on-Tangible-Asset is -0.91%. Techno Smart's overall GF Score™ is 89/100 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 Techno Smart (TSE:6246), the current Return-on-Tangible-Asset is -0.91% 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 Techno Smart (TSE:6246) Overvalued in 2026?
Based on GuruFocus' analysis, Techno Smart stock appears to be undervalued.
The current stock price of 円1,858.00 is trading 10.3% below its estimated GF Value™ of 円2,071.25.
GuruFocus considers Techno Smart to be Modestly Undervalued.
Key valuation signals for TSE:6246:
Return-on-Tangible-Asset: -0.91%
GF Value™: 円2,071.25 vs. price of 円1,858.00 (10.3% below fair value)
No single metric tells the full story. See the TSE:6246 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Techno Smart Corp is based in Japan. The company operates in a single segment, the machinery and equipment manufacturing industry, and designs, manufactures, installs and sells various dryers, principally coating and drying equipment used to impart various functionalities to substrates such as film, metal foil and paper, as well as heat treatment equipment, chemical engineering equipment and other industrial machinery.
89GF Score
Get the complete analysis for TSE:6246
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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