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NiceTSE:8089 +1.37%55 Return-on-Tangible-Asset is 2.25% as of Mar. 2026, which is 54% above its 10-year median of 1.46. GuruFocus rates TSE:8089 with a GF Score™ of 55/100 and a GF Value™ of 円1,872.35 (Fairly Valued). The stock has 4 warning signs investors should review. Among 158 Industrial Distribution companies, Nice ranks worse than 70.25% 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. Nice's annualizedNet Income for the quarter that ended in Mar. 2026 was 円3,844 Mil. Nice's average total tangible assets for the quarter that ended in Mar. 2026 was 円170,936 Mil. Therefore, Nice's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 2.25%.
The historical rank and industry rank for Nice's Return-on-Tangible-Asset or its related term are showing as below:
TSE:8089'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2.32 Med: 1.46 Max: 2.98
Current: 1.52
During the past 13 years, Nice's highest Return-on-Tangible-Asset was 2.98%. The lowest was -2.32%. And the median was 1.46%.
TSE:8089's Return-on-Tangible-Asset is ranked worse than 70.25% of 158
companies
in the Industrial Distribution industry
Industry Median: 4.01
vs TSE:8089: 1.52
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.
Nice Return-on-Tangible-Asset Related Terms
Nice Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Nice'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:8089 vs GWW, FAST, FERG: Return-on-Tangible-Asset Comparison
For the Industrial Distribution subindustry, Nice'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.
Nice Return-on-Tangible-Asset vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Nice's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Nice'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 2.25% mean?
Nice (TSE:8089) has a Return-on-Tangible-Asset of 2.25% 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 Nice and its competitors. This is 54% above median its historical median of 1.46. According to the industry distribution chart, Nice ranks #111 out of 158 companies in the Industrial Distribution industry, placing it in the top 70.3%.
Is Nice's Return-on-Tangible-Asset too high?
Nice's current Return-on-Tangible-Asset of 2.25% is 54% above median its 10-year median of 1.46. The Industrial Distribution industry median Return-on-Tangible-Asset is 4.01. Nice's value of 2.25% is 43.9% below this industry median. Based on the distribution chart, Nice ranks #111 out of 158 companies in the Industrial Distribution industry, which is below the industry midpoint. Overall, Nice has a GF Score™ of 55/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nice's Return-on-Tangible-Asset compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Nice ranks #111 out of 158 companies for Return-on-Tangible-Asset. This places Nice in the lower half of its industry. The industry median Return-on-Tangible-Asset is 4.01. Nice's value of 2.25% is 43.9% below this benchmark. While the company's 10-year median is 1.46 vs. the industry median of 4.01, Nice has consistently been below 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 an Industrial Distribution company?
The median Return-on-Tangible-Asset among Industrial Distribution companies is 4.01, based on 158 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. Nice's current Return-on-Tangible-Asset of 2.25% is 43.9% below 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 Nice and its competitors. For the Industrial Distribution industry, the median Return-on-Tangible-Asset is 4.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nice's current Return-on-Tangible-Asset is 2.25%, which is 54% above median its own 10-year median of 1.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nice stock overvalued right now?
Based on GuruFocus' analysis, Nice (TSE:8089) is currently considered Fairly Valued. The stock's GF Value™ is 円1,872.35, compared to a current price of 円1,926.00 — trading 2.9% above its estimated fair value. The current Return-on-Tangible-Asset is 2.25%, which is 54% above median its 10-year median of 1.46 and 43.9% below the Industrial Distribution industry median of 4.01. Nice's overall GF Score™ is 55/100 with 4 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 Nice (TSE:8089), the current Return-on-Tangible-Asset is 2.25% 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 Nice (TSE:8089) Overvalued in 2026?
Based on GuruFocus' analysis, Nice stock appears to be overvalued.
The current stock price of 円1,926.00 is trading 2.9% above its estimated GF Value™ of 円1,872.35.
GuruFocus considers Nice to be Fairly Valued.
Key valuation signals for TSE:8089:
Return-on-Tangible-Asset: 2.25% (54% above median its 10-year median of 1.46)
GF Value™: 円1,872.35 vs. price of 円1,926.00 (2.9% above fair value)
Industry Position: 43.9% below the Industrial Distribution median (#111 of 158)
No single metric tells the full story. See the TSE:8089 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nice Corp is engaged in the business related to housing. Principally, it is involved in the supply and sale of timber and construction materials and promotion of wooden buildings. The company offers timber products, structural frames, construction materials, housing equipment, and imported home products for material and furniture companies. Additionally, it is also into real estate agency business.
55GF Score
Get the complete analysis for TSE:8089
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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