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Nikkiso CoTSE:6376 -3.30%72 Return-on-Tangible-Asset is 3.95% as of Mar. 2026, which is 15% above its 10-year median of 3.42. GuruFocus rates TSE:6376 with a GF Score™ of 72/100 and a GF Value™ of 円1,365.90 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 3,074 Industrial Products companies, Nikkiso Co ranks better than 59.5% 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. Nikkiso Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円12,624 Mil. Nikkiso Co's average total tangible assets for the quarter that ended in Mar. 2026 was 円319,710 Mil. Therefore, Nikkiso Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 3.95%.
The historical rank and industry rank for Nikkiso Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:6376'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.1 Med: 3.42 Max: 5.58
Current: 4.6
During the past 13 years, Nikkiso Co's highest Return-on-Tangible-Asset was 5.58%. The lowest was 0.10%. And the median was 3.42%.
TSE:6376's Return-on-Tangible-Asset is ranked better than 59.5% of 3074
companies
in the Industrial Products industry
Industry Median: 3.25
vs TSE:6376: 4.60
Nikkiso Co (TSE:6376) 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.
Nikkiso Co Return-on-Tangible-Asset Related Terms
Nikkiso Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Nikkiso 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.
TSE:6376 vs GEV, ETN, PH: Return-on-Tangible-Asset Comparison
For the Specialty Industrial Machinery subindustry, Nikkiso 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.
Nikkiso Co Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Nikkiso Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Nikkiso 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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 3.95% mean?
Nikkiso Co (TSE:6376) has a Return-on-Tangible-Asset of 3.95% 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 Nikkiso Co and its competitors. This is 15% above median its historical median of 3.42. Over the past decade, Nikkiso Co's Return-on-Tangible-Asset has ranged from 0.10 to 5.58. According to the industry distribution chart, Nikkiso Co ranks #1245 out of 3074 companies in the Industrial Products industry, placing it in the top 40.5%.
Is Nikkiso Co's Return-on-Tangible-Asset too high?
Nikkiso Co's current Return-on-Tangible-Asset of 3.95% is 15% above median its 10-year median of 3.42. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 5.58. The Industrial Products industry median Return-on-Tangible-Asset is 3.25. Nikkiso Co's value of 3.95% is 21.5% above this industry median. Based on the distribution chart, Nikkiso Co ranks #1245 out of 3074 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Nikkiso Co has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nikkiso Co's Return-on-Tangible-Asset compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Nikkiso Co ranks #1245 out of 3074 companies for Return-on-Tangible-Asset. This puts Nikkiso Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.25. Nikkiso Co's value of 3.95% is 21.5% above this benchmark. Historically, Nikkiso Co's own Return-on-Tangible-Asset has ranged from 0.10 to 5.58 over the past decade. While the company's 10-year median is 3.42 vs. the industry median of 3.25, Nikkiso 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 an Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.25, based on 3,074 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. Nikkiso Co's current Return-on-Tangible-Asset of 3.95% is 21.5% 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 Nikkiso Co and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nikkiso Co's current Return-on-Tangible-Asset is 3.95%, which is 15% above median its own 10-year median of 3.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nikkiso Co stock overvalued right now?
Based on GuruFocus' analysis, Nikkiso Co (TSE:6376) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,365.90, compared to a current price of 円3,960.00 — trading 189.9% above its estimated fair value. The current Return-on-Tangible-Asset is 3.95%, which is 15% above median its 10-year median of 3.42 and 21.5% above the Industrial Products industry median of 3.25. Nikkiso Co's overall GF Score™ is 72/100 with 7 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 Nikkiso Co (TSE:6376), the current Return-on-Tangible-Asset is 3.95% 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 Nikkiso Co (TSE:6376) Overvalued in 2026?
Based on GuruFocus' analysis, Nikkiso Co stock appears to be overvalued.
The current stock price of 円3,960.00 is trading 189.9% above its estimated GF Value™ of 円1,365.90.
GuruFocus considers Nikkiso Co to be Significantly Overvalued.
Key valuation signals for TSE:6376:
Return-on-Tangible-Asset: 3.95% (15% above median its 10-year median of 3.42)
GF Value™: 円1,365.90 vs. price of 円3,960.00 (189.9% above fair value)
Industry Position: 21.5% above the Industrial Products median (#1245 of 3074)
No single metric tells the full story. See the TSE:6376 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nikkiso Co Ltd is a Japan-based industrial company that operates through four divisions. The industrial division manufactures and distributes fluid equipment for process industries. The precision equipment business division manufactures and sells water conditioning systems, particle characterization instruments, multilayer ceramic electronic components production equipment, and systems. The aerospace division manufactures, distributes, and consults for carbon-fiber-reinforced plastic products. The medical division manufactures and sells hemodialysis machines, dialyzers, blood tubing sets, and other products. The company has a presence, with the majority of its sales coming from Japan, Asia excluding Japan, North America, and Europe.
72GF Score
Get the complete analysis for TSE:6376
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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