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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. Tokyo Board Industries Co's annualizedNet Income for the quarter that ended in Dec. 2025 was 円-1,270 Mil. Tokyo Board Industries Co's average total tangible assets for the quarter that ended in Dec. 2025 was 円12,054 Mil. Therefore, Tokyo Board Industries Co's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was -10.53%.
The historical rank and industry rank for Tokyo Board Industries Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:7815'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -9.18 Med: -1.74 Max: 7.83
Current: -4.71
During the past 11 years, Tokyo Board Industries Co's highest Return-on-Tangible-Asset was 7.83%. The lowest was -9.18%. And the median was -1.74%.
TSE:7815's Return-on-Tangible-Asset is ranked worse than 80.49% of 287
companies
in the Forest Products industry
Industry Median: 0.98
vs TSE:7815: -4.71
Tokyo Board Industries Co (TSE:7815) 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.
Tokyo Board Industries Co Return-on-Tangible-Asset Related Terms
Tokyo Board Industries Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Tokyo Board Industries 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.
Tokyo Board Industries Co Return-on-Tangible-Asset Chart
TSE:7815 vs SSD, UFPI, BCC: Return-on-Tangible-Asset Comparison
For the Lumber & Wood Production subindustry, Tokyo Board Industries 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.
Tokyo Board Industries Co Return-on-Tangible-Asset vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Tokyo Board Industries Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Tokyo Board Industries 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 (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of -10.53% mean?
Tokyo Board Industries Co (TSE:7815) has a Return-on-Tangible-Asset of -10.53% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Tokyo Board Industries Co and its competitors. According to the industry distribution chart, Tokyo Board Industries Co ranks #231 out of 287 companies in the Forest Products industry, placing it in the top 80.5%.
Is Tokyo Board Industries Co's Return-on-Tangible-Asset too high?
Tokyo Board Industries Co's current Return-on-Tangible-Asset is -10.53%. Based on the distribution chart, Tokyo Board Industries Co ranks #231 out of 287 companies in the Forest Products industry, which is in the bottom quartile relative to peers. Overall, Tokyo Board Industries Co has a GF Score™ of 43/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Tokyo Board Industries Co's Return-on-Tangible-Asset compare to SSD and UFPI?
According to the Forest Products industry distribution chart, Tokyo Board Industries Co ranks #231 out of 287 companies for Return-on-Tangible-Asset. This places Tokyo Board Industries Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 0.98. 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 Forest Products company?
The median Return-on-Tangible-Asset among Forest Products companies is 0.98, based on 287 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 Tokyo Board Industries Co and its competitors. For the Forest Products industry, the median Return-on-Tangible-Asset is 0.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokyo Board Industries Co's current Return-on-Tangible-Asset is -10.53%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokyo Board Industries Co stock overvalued right now?
Based on GuruFocus' analysis, Tokyo Board Industries Co (TSE:7815) is currently considered Possible Value Trap. The stock's GF Value™ is 円457.89, compared to a current price of 円307.00 — trading 33% below its estimated fair value. The current Return-on-Tangible-Asset is -10.53%. Tokyo Board Industries Co's overall GF Score™ is 43/100 with 5 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 Tokyo Board Industries Co (TSE:7815), the current Return-on-Tangible-Asset is -10.53% as of Dec. 2025. 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 Tokyo Board Industries Co (TSE:7815) Overvalued in 2026?
Based on GuruFocus' analysis, Tokyo Board Industries Co stock appears to be undervalued.
The current stock price of 円307.00 is trading 33% below its estimated GF Value™ of 円457.89.
GuruFocus considers Tokyo Board Industries Co to be Possible Value Trap.
Key valuation signals for TSE:7815:
Return-on-Tangible-Asset: -10.53%
GF Value™: 円457.89 vs. price of 円307.00 (33% below fair value)
No single metric tells the full story. See the TSE:7815 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tokyo Board Industries Co Ltd is engaged in the manufacture and sale of particleboard. Its operating segments include Particle board; Waste collection, transportation & processing; and Others.
43GF Score
Get the complete analysis for TSE:7815
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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