Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Morita HoldingsTSE:6455 -0.34%91 Return-on-Tangible-Asset is 2.10% as of Jun. 2026, which is 63% below its 10-year median of 5.61. GuruFocus rates TSE:6455 with a GF Score™ of 91/100 and a GF Value™ of 円2,434.67 (Fairly Valued). The stock has 1 warning sign investors should review. Among 212 Farm & Heavy Construction Machinery companies, Morita Holdings ranks better than 71.7% 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. Morita Holdings's annualizedNet Income for the quarter that ended in Jun. 2026 was 円3,016 Mil. Morita Holdings's average total tangible assets for the quarter that ended in Jun. 2026 was 円143,527 Mil. Therefore, Morita Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 2.10%.
The historical rank and industry rank for Morita Holdings's Return-on-Tangible-Asset or its related term are showing as below:
TSE:6455'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.28 Med: 5.61 Max: 6.79
Current: 6.68
During the past 13 years, Morita Holdings's highest Return-on-Tangible-Asset was 6.79%. The lowest was 3.28%. And the median was 5.61%.
TSE:6455's Return-on-Tangible-Asset is ranked better than 71.7% of 212
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 3.925
vs TSE:6455: 6.68
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.
Morita Holdings Return-on-Tangible-Asset Related Terms
Morita Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Morita Holdings'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:6455 vs CAT, DE, PCAR: Return-on-Tangible-Asset Comparison
For the Farm & Heavy Construction Machinery subindustry, Morita Holdings'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.
Morita Holdings Return-on-Tangible-Asset vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Morita Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Morita Holdings'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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 2.10% mean?
Morita Holdings (TSE:6455) has a Return-on-Tangible-Asset of 2.10% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Morita Holdings and its competitors. This is 63% below median its historical median of 5.61. Over the past decade, Morita Holdings' Return-on-Tangible-Asset has ranged from 3.28 to 6.79. According to the industry distribution chart, Morita Holdings ranks #60 out of 212 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 28.3%.
Is Morita Holdings' Return-on-Tangible-Asset too high?
Morita Holdings' current Return-on-Tangible-Asset of 2.10% is 63% below median its 10-year median of 5.61. Over the past 10 years, this metric has ranged from a low of 3.28 to a high of 6.79. The Farm & Heavy Construction Machinery industry median Return-on-Tangible-Asset is 3.93. Morita Holdings' value of 2.10% is 46.5% below this industry median. Based on the distribution chart, Morita Holdings ranks #60 out of 212 companies in the Farm & Heavy Construction Machinery industry, which is above the industry midpoint. Overall, Morita Holdings has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Morita Holdings' Return-on-Tangible-Asset compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Morita Holdings ranks #60 out of 212 companies for Return-on-Tangible-Asset. This puts Morita Holdings in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.93. Morita Holdings' value of 2.10% is 46.5% below this benchmark. Historically, Morita Holdings' own Return-on-Tangible-Asset has ranged from 3.28 to 6.79 over the past decade. While the company's 10-year median is 5.61 vs. the industry median of 3.93, Morita Holdings has consistently been below 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 Farm & Heavy Construction Machinery company?
The median Return-on-Tangible-Asset among Farm & Heavy Construction Machinery companies is 3.93, based on 212 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. Morita Holdings's current Return-on-Tangible-Asset of 2.10% is 46.5% below 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 Morita Holdings and its competitors. For the Farm & Heavy Construction Machinery industry, the median Return-on-Tangible-Asset is 3.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Morita Holdings's current Return-on-Tangible-Asset is 2.10%, which is 63% below median its own 10-year median of 5.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morita Holdings stock overvalued right now?
Based on GuruFocus' analysis, Morita Holdings (TSE:6455) is currently considered Fairly Valued. The stock's GF Value™ is 円2,434.67, compared to a current price of 円2,352.00 — trading 3.4% below its estimated fair value. The current Return-on-Tangible-Asset is 2.10%, which is 63% below median its 10-year median of 5.61 and 46.5% below the Farm & Heavy Construction Machinery industry median of 3.93. Morita Holdings' overall GF Score™ is 91/100 with 1 warning sign 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 Morita Holdings (TSE:6455), the current Return-on-Tangible-Asset is 2.10% as of Jun. 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 Morita Holdings (TSE:6455) Overvalued in 2026?
Based on GuruFocus' analysis, Morita Holdings stock appears to be undervalued.
The current stock price of 円2,352.00 is trading 3.4% below its estimated GF Value™ of 円2,434.67.
GuruFocus considers Morita Holdings to be Fairly Valued.
Key valuation signals for TSE:6455:
Return-on-Tangible-Asset: 2.10% (63% below median its 10-year median of 5.61)
GF Value™: 円2,434.67 vs. price of 円2,352.00 (3.4% below fair value)
Industry Position: 46.5% below the Farm & Heavy Construction Machinery median (#60 of 212)
No single metric tells the full story. See the TSE:6455 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Morita Holdings Corp and its subsidiaries are in the business of manufacturing and selling fire trucks, fire extinguishers and equipment, recycling machines, environmental conservation vehicles and support wear and also manufacturing and sales of electronic applied machinery and information processing machinery, fabrication repair and sales of specialized vehicles.
91GF Score
Get the complete analysis for TSE:6455
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:6455 has been successfully added to your 
