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.
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. Wavelock Holdings Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円-70 Mil. Wavelock Holdings Co's average total tangible assets for the quarter that ended in Mar. 2026 was 円29,129 Mil. Therefore, Wavelock Holdings Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -0.24%.
The historical rank and industry rank for Wavelock Holdings Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:7940'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.03 Med: 3.87 Max: 9.3
Current: 1.04
During the past 12 years, Wavelock Holdings Co's highest Return-on-Tangible-Asset was 9.30%. The lowest was 1.03%. And the median was 3.87%.
TSE:7940's Return-on-Tangible-Asset is ranked worse than 65.61% of 1611
companies
in the Chemicals industry
Industry Median: 3.09
vs TSE:7940: 1.04
Wavelock Holdings Co (TSE:7940) 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.
Wavelock Holdings Co Return-on-Tangible-Asset Related Terms
Wavelock Holdings Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Wavelock Holdings 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.
Wavelock Holdings Co Return-on-Tangible-Asset Chart
TSE:7940 vs LIN, SHW, ECL: Return-on-Tangible-Asset Comparison
For the Specialty Chemicals subindustry, Wavelock Holdings 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.
Wavelock Holdings Co Return-on-Tangible-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Wavelock Holdings Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Wavelock Holdings 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 two times the semi-annual (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of -0.24% mean?
Wavelock Holdings Co (TSE:7940) has a Return-on-Tangible-Asset of -0.24% 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 Wavelock Holdings Co and its competitors. Over the past decade, Wavelock Holdings Co's Return-on-Tangible-Asset has ranged from 1.03 to 9.30. According to the industry distribution chart, Wavelock Holdings Co ranks #1057 out of 1611 companies in the Chemicals industry, placing it in the top 65.6%.
Is Wavelock Holdings Co's Return-on-Tangible-Asset too high?
Wavelock Holdings Co's current Return-on-Tangible-Asset is -0.24%. Over the past 10 years, this metric has ranged from a low of 1.03 to a high of 9.30. Based on the distribution chart, Wavelock Holdings Co ranks #1057 out of 1611 companies in the Chemicals industry, which is below the industry midpoint. Overall, Wavelock Holdings Co has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Wavelock Holdings Co's Return-on-Tangible-Asset compare to LIN and SHW?
According to the Chemicals industry distribution chart, Wavelock Holdings Co ranks #1057 out of 1611 companies for Return-on-Tangible-Asset. This places Wavelock Holdings Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.09. Historically, Wavelock Holdings Co's own Return-on-Tangible-Asset has ranged from 1.03 to 9.30 over the past decade. 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 Chemicals company?
The median Return-on-Tangible-Asset among Chemicals companies is 3.09, based on 1,611 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 Wavelock Holdings Co and its competitors. For the Chemicals industry, the median Return-on-Tangible-Asset is 3.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wavelock Holdings Co's current Return-on-Tangible-Asset is -0.24%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wavelock Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Wavelock Holdings Co (TSE:7940) is currently considered Significantly Overvalued. The stock's GF Value™ is 円696.83, compared to a current price of 円1,057.00 — trading 51.7% above its estimated fair value. The current Return-on-Tangible-Asset is -0.24%. Wavelock Holdings Co's overall GF Score™ is 60/100 with 8 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 Wavelock Holdings Co (TSE:7940), the current Return-on-Tangible-Asset is -0.24% 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 Wavelock Holdings Co (TSE:7940) Overvalued in 2026?
Based on GuruFocus' analysis, Wavelock Holdings Co stock appears to be overvalued.
The current stock price of 円1,057.00 is trading 51.7% above its estimated GF Value™ of 円696.83.
GuruFocus considers Wavelock Holdings Co to be Significantly Overvalued.
Key valuation signals for TSE:7940:
Return-on-Tangible-Asset: -0.24%
GF Value™: 円696.83 vs. price of 円1,057.00 (51.7% above fair value)
No single metric tells the full story. See the TSE:7940 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wavelock Holdings Co Ltd manufactures and sells household goods related products in Japan. The company offers construction/ civil engineering related materials, wallpapers; smoke-free walls; door screens, insect repellent nets, gardening nets and plastic sheets, tear tapes, metal decorating films, Packaging related materials, Agriculture related materials, Automotive/ weak electric materials and processed products. It also processes and sells and provides consulting services to synthetic resins and various materials.
60GF Score
Get the complete analysis for TSE:7940
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:7940 has been successfully added to your 
