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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. Laox Holdings Co's annualizedNet Income for the quarter that ended in Dec. 2025 was 円5,616 Mil. Laox Holdings Co's average total tangible assets for the quarter that ended in Dec. 2025 was 円39,602 Mil. Therefore, Laox Holdings Co's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 14.18%.
The historical rank and industry rank for Laox Holdings Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:8202'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -23.24 Med: -0.87 Max: 4.81
Current: 0.89
During the past 13 years, Laox Holdings Co's highest Return-on-Tangible-Asset was 4.81%. The lowest was -23.24%. And the median was -0.87%.
TSE:8202's Return-on-Tangible-Asset is ranked worse than 65.06% of 1139
companies
in the Retail - Cyclical industry
Industry Median: 2.91
vs TSE:8202: 0.89
Laox Holdings Co (TSE:8202) 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.
Laox Holdings Co Return-on-Tangible-Asset Related Terms
Laox Holdings Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Laox 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.
TSE:8202 vs CASY, WSM, ULTA: Return-on-Tangible-Asset Comparison
For the Specialty Retail subindustry, Laox 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.
Laox Holdings Co Return-on-Tangible-Asset vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Laox Holdings Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Laox 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 four times the quarterly (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 14.18% mean?
Laox Holdings Co (TSE:8202) has a Return-on-Tangible-Asset of 14.18% 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 Laox Holdings Co and its competitors. According to the industry distribution chart, Laox Holdings Co ranks #741 out of 1139 companies in the Retail - Cyclical industry, placing it in the top 65.1%.
Is Laox Holdings Co's Return-on-Tangible-Asset too high?
Laox Holdings Co's current Return-on-Tangible-Asset is 14.18%. The Retail - Cyclical industry median Return-on-Tangible-Asset is 2.91. Laox Holdings Co's value of 14.18% is 387.3% above this industry median. Based on the distribution chart, Laox Holdings Co ranks #741 out of 1139 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Laox Holdings Co has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Laox Holdings Co's Return-on-Tangible-Asset compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Laox Holdings Co ranks #741 out of 1139 companies for Return-on-Tangible-Asset. This places Laox Holdings Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.91. Laox Holdings Co's value of 14.18% is 387.3% above this benchmark. 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 Retail - Cyclical company?
The median Return-on-Tangible-Asset among Retail - Cyclical companies is 2.91, based on 1,139 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. Laox Holdings Co's current Return-on-Tangible-Asset of 14.18% is 387.3% 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 Laox Holdings Co and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Asset is 2.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Laox Holdings Co's current Return-on-Tangible-Asset is 14.18%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Laox Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Laox Holdings Co (TSE:8202) is currently considered Possible Value Trap. The stock's GF Value™ is 円213.11, compared to a current price of 円146.00 — trading 31.5% below its estimated fair value. The current Return-on-Tangible-Asset is 14.18% and 387.3% above the Retail - Cyclical industry median of 2.91. Laox Holdings Co's overall GF Score™ is 49/100 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 Laox Holdings Co (TSE:8202), the current Return-on-Tangible-Asset is 14.18% 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 Laox Holdings Co (TSE:8202) Overvalued in 2026?
Based on GuruFocus' analysis, Laox Holdings Co stock appears to be undervalued.
The current stock price of 円146.00 is trading 31.5% below its estimated GF Value™ of 円213.11.
GuruFocus considers Laox Holdings Co to be Possible Value Trap.
Key valuation signals for TSE:8202:
Return-on-Tangible-Asset: 14.18%
GF Value™: 円213.11 vs. price of 円146.00 (31.5% below fair value)
Industry Position: 387.3% above the Retail - Cyclical median (#741 of 1139)
No single metric tells the full story. See the TSE:8202 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Laox Holdings Co Ltd is a Japan-based Duty-Free store company. It is engaged in the Gift Solutions, Retail, Trading, and Asset Services. The Retail business includes various products which it sells in real stores and through online sales, Gift Solutions business consists Sales of gift items and lifestyle-related products, and others. The Trading business through the import and export of private label products, etc., and Asset Services Business involves the operation and management of mixed-use commercial facilities, real estate sales and brokerage, and rental property management.
49GF Score
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