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Ledax CoTSE:7602 +5.38%61 Return-on-Tangible-Asset is 17.24% as of Mar. 2026. GuruFocus rates TSE:7602 with a GF Score™ of 61/100 and a GF Value™ of 円175.78 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,337 Vehicles & Parts companies, Ledax Co ranks worse than 58.26% 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. Ledax Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円1,143 Mil. Ledax Co's average total tangible assets for the quarter that ended in Mar. 2026 was 円6,628 Mil. Therefore, Ledax Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 17.24%.
The historical rank and industry rank for Ledax Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:7602'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -7.28 Med: -2.28 Max: 2.33
Current: 2.33
During the past 13 years, Ledax Co's highest Return-on-Tangible-Asset was 2.33%. The lowest was -7.28%. And the median was -2.28%.
TSE:7602's Return-on-Tangible-Asset is ranked worse than 58.26% of 1337
companies
in the Vehicles & Parts industry
Industry Median: 3.35
vs TSE:7602: 2.33
Ledax Co (TSE:7602) 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.
Ledax Co Return-on-Tangible-Asset Related Terms
Ledax Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Ledax 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:7602 vs CVNA, PAG, ALTB: Return-on-Tangible-Asset Comparison
For the Auto & Truck Dealerships subindustry, Ledax 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.
Ledax Co Return-on-Tangible-Asset vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Ledax Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Ledax 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 17.24% mean?
Ledax Co (TSE:7602) has a Return-on-Tangible-Asset of 17.24% 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 Ledax Co and its competitors. According to the industry distribution chart, Ledax Co ranks #779 out of 1337 companies in the Vehicles & Parts industry, placing it in the top 58.3%.
Is Ledax Co's Return-on-Tangible-Asset too high?
Ledax Co's current Return-on-Tangible-Asset is 17.24%. The Vehicles & Parts industry median Return-on-Tangible-Asset is 3.35. Ledax Co's value of 17.24% is 414.6% above this industry median. Based on the distribution chart, Ledax Co ranks #779 out of 1337 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Ledax Co has a GF Score™ of 61/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ledax Co's Return-on-Tangible-Asset compare to CVNA and PAG?
According to the Vehicles & Parts industry distribution chart, Ledax Co ranks #779 out of 1337 companies for Return-on-Tangible-Asset. This places Ledax Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.35. Ledax Co's value of 17.24% is 414.6% above this benchmark. 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 3.35, based on 1,337 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. Ledax Co's current Return-on-Tangible-Asset of 17.24% is 414.6% 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 Ledax Co and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Asset is 3.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ledax Co's current Return-on-Tangible-Asset is 17.24%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ledax Co stock overvalued right now?
Based on GuruFocus' analysis, Ledax Co (TSE:7602) is currently considered Modestly Overvalued. The stock's GF Value™ is 円175.78, compared to a current price of 円196.00 — trading 11.5% above its estimated fair value. The current Return-on-Tangible-Asset is 17.24% and 414.6% above the Vehicles & Parts industry median of 3.35. Ledax Co's overall GF Score™ is 61/100 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 Ledax Co (TSE:7602), the current Return-on-Tangible-Asset is 17.24% 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 Ledax Co (TSE:7602) Overvalued in 2026?
Based on GuruFocus' analysis, Ledax Co stock appears to be overvalued.
The current stock price of 円196.00 is trading 11.5% above its estimated GF Value™ of 円175.78.
GuruFocus considers Ledax Co to be Modestly Overvalued.
Key valuation signals for TSE:7602:
Return-on-Tangible-Asset: 17.24%
GF Value™: 円175.78 vs. price of 円196.00 (11.5% above fair value)
Industry Position: 414.6% above the Vehicles & Parts median (#779 of 1337)
No single metric tells the full story. See the TSE:7602 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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