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Kaga Electronics CoTSE:8154 +1.16%89 Return-on-Tangible-Asset is 7.31% as of Mar. 2026, which is 28% above its 10-year median of 5.71. GuruFocus rates TSE:8154 with a GF Score™ of 89/100 and a GF Value™ of 円3,725.74 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 2,499 Hardware companies, Kaga Electronics Co ranks better than 84.43% 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. Kaga Electronics Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円27,164 Mil. Kaga Electronics Co's average total tangible assets for the quarter that ended in Mar. 2026 was 円371,500 Mil. Therefore, Kaga Electronics Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 7.31%.
The historical rank and industry rank for Kaga Electronics Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:8154'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.81 Med: 5.71 Max: 9.31
Current: 9.31
During the past 13 years, Kaga Electronics Co's highest Return-on-Tangible-Asset was 9.31%. The lowest was 2.81%. And the median was 5.71%.
TSE:8154's Return-on-Tangible-Asset is ranked better than 84.43% of 2499
companies
in the Hardware industry
Industry Median: 2.47
vs TSE:8154: 9.31
Kaga Electronics Co (TSE:8154) 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.
Kaga Electronics Co Return-on-Tangible-Asset Related Terms
Kaga Electronics Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Kaga Electronics 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.
Kaga Electronics Co Return-on-Tangible-Asset Chart
TSE:8154 vs APH, GLW, TEL: Return-on-Tangible-Asset Comparison
For the Electronic Components subindustry, Kaga Electronics 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.
Kaga Electronics Co Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Kaga Electronics Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Kaga Electronics 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 7.31% mean?
Kaga Electronics Co (TSE:8154) has a Return-on-Tangible-Asset of 7.31% 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 Kaga Electronics Co and its competitors. This is 28% above median its historical median of 5.71. Over the past decade, Kaga Electronics Co's Return-on-Tangible-Asset has ranged from 2.81 to 9.31. According to the industry distribution chart, Kaga Electronics Co ranks #389 out of 2499 companies in the Hardware industry, placing it in the top 15.6%.
Is Kaga Electronics Co's Return-on-Tangible-Asset too high?
Kaga Electronics Co's current Return-on-Tangible-Asset of 7.31% is 28% above median its 10-year median of 5.71. Over the past 10 years, this metric has ranged from a low of 2.81 to a high of 9.31. The Hardware industry median Return-on-Tangible-Asset is 2.47. Kaga Electronics Co's value of 7.31% is 196% above this industry median. Based on the distribution chart, Kaga Electronics Co ranks #389 out of 2499 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Kaga Electronics Co has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kaga Electronics Co's Return-on-Tangible-Asset compare to APH and GLW?
According to the Hardware industry distribution chart, Kaga Electronics Co ranks #389 out of 2499 companies for Return-on-Tangible-Asset. This places Kaga Electronics Co in the top 16% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.47. Kaga Electronics Co's value of 7.31% is 196% above this benchmark. Historically, Kaga Electronics Co's own Return-on-Tangible-Asset has ranged from 2.81 to 9.31 over the past decade. While the company's 10-year median is 5.71 vs. the industry median of 2.47, Kaga Electronics 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 Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.47, based on 2,499 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. Kaga Electronics Co's current Return-on-Tangible-Asset of 7.31% is 196% 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 Kaga Electronics Co and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kaga Electronics Co's current Return-on-Tangible-Asset is 7.31%, which is 28% above median its own 10-year median of 5.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kaga Electronics Co stock overvalued right now?
Based on GuruFocus' analysis, Kaga Electronics Co (TSE:8154) is currently considered Modestly Overvalued. The stock's GF Value™ is 円3,725.74, compared to a current price of 円4,780.00 — trading 28.3% above its estimated fair value. The current Return-on-Tangible-Asset is 7.31%, which is 28% above median its 10-year median of 5.71 and 196% above the Hardware industry median of 2.47. Kaga Electronics Co's overall GF Score™ is 89/100 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 Kaga Electronics Co (TSE:8154), the current Return-on-Tangible-Asset is 7.31% 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 Kaga Electronics Co (TSE:8154) Overvalued in 2026?
Based on GuruFocus' analysis, Kaga Electronics Co stock appears to be overvalued.
The current stock price of 円4,780.00 is trading 28.3% above its estimated GF Value™ of 円3,725.74.
GuruFocus considers Kaga Electronics Co to be Modestly Overvalued.
Key valuation signals for TSE:8154:
Return-on-Tangible-Asset: 7.31% (28% above median its 10-year median of 5.71)
GF Value™: 円3,725.74 vs. price of 円4,780.00 (28.3% above fair value)
Industry Position: 196% above the Hardware median (#389 of 2499)
No single metric tells the full story. See the TSE:8154 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kaga Electronics Co Ltd is a Japan based company engages in the sales of electronic components, electronic devices and other. It operates through following segments: Electronic Components, Information Equipment, Software and Other. The firm generates majority revenue from the Electronic Components.
89GF Score
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