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TSE:7952's Return-on-Tangible-Asset is ranked worse than 58.69% of 857
companies
in the Travel & Leisure industry
Industry Median: 2.86
vs TSE:7952: 1.52
Kawai Musical Instruments Manufacturing Co (TSE:7952) 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.
Kawai Musical Instruments Manufacturing Co Return-on-Tangible-Asset Related Terms
Kawai Musical Instruments Manufacturing Co Return-on-Tangible-Asset Historical Data
* 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.
Kawai Musical Instruments Manufacturing Co Return-on-Tangible-Asset Chart
Kawai Musical Instruments Manufacturing Co Annual Data
TSE:7952 vs AS, HAS, LTH: Return-on-Tangible-Asset Comparison
For the Leisure subindustry, Kawai Musical Instruments Manufacturing 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.
Kawai Musical Instruments Manufacturing Co Return-on-Tangible-Asset vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Kawai Musical Instruments Manufacturing Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Kawai Musical Instruments Manufacturing 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 3.06% mean?
Kawai Musical Instruments Manufacturing Co (TSE:7952) has a Return-on-Tangible-Asset of 3.06% 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 Kawai Musical Instruments Manufacturing Co and its competitors. This is 21% below median its historical median of 3.86. Over the past decade, Kawai Musical Instruments Manufacturing Co's Return-on-Tangible-Asset has ranged from 0.55 to 7.90. According to the industry distribution chart, Kawai Musical Instruments Manufacturing Co ranks #503 out of 857 companies in the Travel & Leisure industry, placing it in the top 58.7%.
Is Kawai Musical Instruments Manufacturing Co's Return-on-Tangible-Asset too high?
Kawai Musical Instruments Manufacturing Co's current Return-on-Tangible-Asset of 3.06% is 21% below median its 10-year median of 3.86. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 7.90. The Travel & Leisure industry median Return-on-Tangible-Asset is 2.86. Kawai Musical Instruments Manufacturing Co's value of 3.06% is 7% above this industry median. Based on the distribution chart, Kawai Musical Instruments Manufacturing Co ranks #503 out of 857 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Kawai Musical Instruments Manufacturing Co has a GF Score™ of 59/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kawai Musical Instruments Manufacturing Co's Return-on-Tangible-Asset compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Kawai Musical Instruments Manufacturing Co ranks #503 out of 857 companies for Return-on-Tangible-Asset. This places Kawai Musical Instruments Manufacturing Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.86. Kawai Musical Instruments Manufacturing Co's value of 3.06% is 7% above this benchmark. Historically, Kawai Musical Instruments Manufacturing Co's own Return-on-Tangible-Asset has ranged from 0.55 to 7.90 over the past decade. While the company's 10-year median is 3.86 vs. the industry median of 2.86, Kawai Musical Instruments Manufacturing Co has consistently been above 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 Travel & Leisure company?
The median Return-on-Tangible-Asset among Travel & Leisure companies is 2.86, based on 857 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. Kawai Musical Instruments Manufacturing Co's current Return-on-Tangible-Asset of 3.06% is 7% 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 Kawai Musical Instruments Manufacturing Co and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Asset is 2.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kawai Musical Instruments Manufacturing Co's current Return-on-Tangible-Asset is 3.06%, which is 21% below median its own 10-year median of 3.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kawai Musical Instruments Manufacturing Co stock overvalued right now?
Based on GuruFocus' analysis, Kawai Musical Instruments Manufacturing Co (TSE:7952) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,722.76, compared to a current price of 円3,480.00 — trading 27.8% above its estimated fair value. The current Return-on-Tangible-Asset is 3.06%, which is 21% below median its 10-year median of 3.86 and 7% above the Travel & Leisure industry median of 2.86. Kawai Musical Instruments Manufacturing Co's overall GF Score™ is 59/100 with 12 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 Kawai Musical Instruments Manufacturing Co (TSE:7952), the current Return-on-Tangible-Asset is 3.06% 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 Kawai Musical Instruments Manufacturing Co (TSE:7952) Overvalued in 2026?
Based on GuruFocus' analysis, Kawai Musical Instruments Manufacturing Co stock appears to be overvalued.
The current stock price of 円3,480.00 is trading 27.8% above its estimated GF Value™ of 円2,722.76.
GuruFocus considers Kawai Musical Instruments Manufacturing Co to be Modestly Overvalued.
Key valuation signals for TSE:7952:
Return-on-Tangible-Asset: 3.06% (21% below median its 10-year median of 3.86)
GF Value™: 円2,722.76 vs. price of 円3,480.00 (27.8% above fair value)
Industry Position: 7% above the Travel & Leisure median (#503 of 857)
No single metric tells the full story. See the TSE:7952 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kawai Musical Instruments Manufacturing Co Ltd is a Japan-based musical instrument manufacturer. The company is mainly engaged in manufacturing and sales of musical instruments, precision metals, wood products, and electronic devices. Products offered by the company include grand pianos, upright pianos, digital pianos, hybrid pianos, and anytime pianos. It sells its products under the brand name Philosophy, Legacy, Artists, Competitions, and Institutions. Kawai has world-wide sales networks, it distributes its products in Europe, America, Asia and Oceania, Africa and the Middle East. The company is also engaged in the development and sales of software and operations of music schools, and gymnastics schools.
59GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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