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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. TRaaS On Product's annualizedNet Income for the quarter that ended in Jan. 2026 was 円-99.4 Mil. TRaaS On Product's average total tangible assets for the quarter that ended in Jan. 2026 was 円453.8 Mil. Therefore, TRaaS On Product's annualized Return-on-Tangible-Asset for the quarter that ended in Jan. 2026 was -21.90%.
The historical rank and industry rank for TRaaS On Product's Return-on-Tangible-Asset or its related term are showing as below:
TSE:6696'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -86.98 Med: -10.83 Max: 18.31
Current: -25.42
During the past 11 years, TRaaS On Product's highest Return-on-Tangible-Asset was 18.31%. The lowest was -86.98%. And the median was -10.83%.
TSE:6696's Return-on-Tangible-Asset is ranked worse than 92.36% of 2499
companies
in the Hardware industry
Industry Median: 2.69
vs TSE:6696: -25.42
TRaaS On Product (TSE:6696) 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.
TRaaS On Product Return-on-Tangible-Asset Related Terms
TRaaS On Product Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for TRaaS On Product'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:6696 vs CSCO, MSI, HPE: Return-on-Tangible-Asset Comparison
For the Communication Equipment subindustry, TRaaS On Product'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.
TRaaS On Product Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, TRaaS On Product's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where TRaaS On Product'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 (Jan. 2026) net income data.
What does a Return-on-Tangible-Asset of -21.90% mean?
TRaaS On Product (TSE:6696) has a Return-on-Tangible-Asset of -21.90% as of Jan. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on TRaaS On Product and its competitors. According to the industry distribution chart, TRaaS On Product ranks #2308 out of 2499 companies in the Hardware industry, placing it in the top 92.4%.
Is TRaaS On Product's Return-on-Tangible-Asset too high?
TRaaS On Product's current Return-on-Tangible-Asset is -21.90%. Based on the distribution chart, TRaaS On Product ranks #2308 out of 2499 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, TRaaS On Product has a GF Score™ of 46/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TRaaS On Product's Return-on-Tangible-Asset compare to CSCO and MSI?
According to the Hardware industry distribution chart, TRaaS On Product ranks #2308 out of 2499 companies for Return-on-Tangible-Asset. This places TRaaS On Product in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.69. 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 Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.69, based on 2,499 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 TRaaS On Product and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TRaaS On Product's current Return-on-Tangible-Asset is -21.90%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TRaaS On Product stock overvalued right now?
Based on GuruFocus' analysis, TRaaS On Product (TSE:6696) is currently considered Possible Value Trap. The stock's GF Value™ is 円470.51, compared to a current price of 円314.00 — trading 33.3% below its estimated fair value. The current Return-on-Tangible-Asset is -21.90%. TRaaS On Product's overall GF Score™ is 46/100 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 TRaaS On Product (TSE:6696), the current Return-on-Tangible-Asset is -21.90% as of Jan. 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 TRaaS On Product (TSE:6696) Overvalued in 2026?
Based on GuruFocus' analysis, TRaaS On Product stock appears to be undervalued.
The current stock price of 円314.00 is trading 33.3% below its estimated GF Value™ of 円470.51.
GuruFocus considers TRaaS On Product to be Possible Value Trap.
Key valuation signals for TSE:6696:
Return-on-Tangible-Asset: -21.90%
GF Value™: 円470.51 vs. price of 円314.00 (33.3% below fair value)
No single metric tells the full story. See the TSE:6696 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TRaaS On Product Inc is engaged in telecommunications, followed by the IT revolution, and manufacturing in which the subject of value shifted to something different.
46GF Score
Get the complete analysis for TSE:6696
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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