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NittanTSE:6493 -0.80%70 Return-on-Tangible-Asset is 2.68% as of Mar. 2026, which is 141% above its 10-year median of 1.11. GuruFocus rates TSE:6493 with a GF Score™ of 70/100 and a GF Value™ of 円378.64 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,331 Vehicles & Parts companies, Nittan ranks better than 51.69% 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. Nittan's annualizedNet Income for the quarter that ended in Mar. 2026 was 円1,694 Mil. Nittan's average total tangible assets for the quarter that ended in Mar. 2026 was 円63,309 Mil. Therefore, Nittan's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 2.68%.
The historical rank and industry rank for Nittan's Return-on-Tangible-Asset or its related term are showing as below:
TSE:6493'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.66 Med: 1.11 Max: 3.48
Current: 3.48
During the past 13 years, Nittan's highest Return-on-Tangible-Asset was 3.48%. The lowest was -0.66%. And the median was 1.11%.
TSE:6493's Return-on-Tangible-Asset is ranked better than 51.69% of 1331
companies
in the Vehicles & Parts industry
Industry Median: 3.19
vs TSE:6493: 3.48
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.
Nittan Return-on-Tangible-Asset Related Terms
Nittan Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Nittan'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:6493 vs ORLY, AZO: Return-on-Tangible-Asset Comparison
For the Auto Parts subindustry, Nittan'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.
Nittan Return-on-Tangible-Asset vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Nittan's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Nittan'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 two times the semi-annual (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 2.68% mean?
Nittan (TSE:6493) has a Return-on-Tangible-Asset of 2.68% 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 Nittan and its competitors. This is 141% above median its historical median of 1.11. According to the industry distribution chart, Nittan ranks #643 out of 1331 companies in the Vehicles & Parts industry, placing it in the top 48.3%.
Is Nittan's Return-on-Tangible-Asset too high?
Nittan's current Return-on-Tangible-Asset of 2.68% is 141% above median its 10-year median of 1.11. The Vehicles & Parts industry median Return-on-Tangible-Asset is 3.19. Nittan's value of 2.68% is 16% below this industry median. Based on the distribution chart, Nittan ranks #643 out of 1331 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Nittan has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nittan's Return-on-Tangible-Asset compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Nittan ranks #643 out of 1331 companies for Return-on-Tangible-Asset. This puts Nittan in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.19. Nittan's value of 2.68% is 16% below this benchmark. While the company's 10-year median is 1.11 vs. the industry median of 3.19, Nittan 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 Vehicles & Parts company?
The median Return-on-Tangible-Asset among Vehicles & Parts companies is 3.19, based on 1,331 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. Nittan's current Return-on-Tangible-Asset of 2.68% is 16% 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 Nittan and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Asset is 3.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nittan's current Return-on-Tangible-Asset is 2.68%, which is 141% above median its own 10-year median of 1.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nittan stock overvalued right now?
Based on GuruFocus' analysis, Nittan (TSE:6493) is currently considered Significantly Overvalued. The stock's GF Value™ is 円378.64, compared to a current price of 円499.00 — trading 31.8% above its estimated fair value. The current Return-on-Tangible-Asset is 2.68%, which is 141% above median its 10-year median of 1.11 and 16% below the Vehicles & Parts industry median of 3.19. Nittan's overall GF Score™ is 70/100 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 Nittan (TSE:6493), the current Return-on-Tangible-Asset is 2.68% 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 Nittan (TSE:6493) Overvalued in 2026?
Based on GuruFocus' analysis, Nittan stock appears to be overvalued.
The current stock price of 円499.00 is trading 31.8% above its estimated GF Value™ of 円378.64.
GuruFocus considers Nittan to be Significantly Overvalued.
Key valuation signals for TSE:6493:
Return-on-Tangible-Asset: 2.68% (141% above median its 10-year median of 1.11)
GF Value™: 円378.64 vs. price of 円499.00 (31.8% above fair value)
Industry Position: 16% below the Vehicles & Parts median (#643 of 1331)
No single metric tells the full story. See the TSE:6493 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nittan Corp operates in the auto parts industry. The company is mainly engaged in the manufacturing and distribution of engine valves, automobile parts, spinning machine parts, and other general machine parts and equipment. In addition, the company is involved in the produce, process, and sales of agricultural crops. The company has an operational presence across Asia, North America, and Europe.
70GF Score
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