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FJ Next Holdings CoTSE:8935 -1.43%93 Return-on-Tangible-Asset is 11.37% as of Mar. 2026, which is 49% above its 10-year median of 7.64. GuruFocus rates TSE:8935 with a GF Score™ of 93/100 and a GF Value™ of 円1,842.52 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,801 Real Estate companies, FJ Next Holdings Co ranks better than 91.23% 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. FJ Next Holdings Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円12,654 Mil. FJ Next Holdings Co's average total tangible assets for the quarter that ended in Mar. 2026 was 円111,276 Mil. Therefore, FJ Next Holdings Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 11.37%.
The historical rank and industry rank for FJ Next Holdings Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:8935'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 5.83 Med: 7.64 Max: 9.96
Current: 9.16
During the past 13 years, FJ Next Holdings Co's highest Return-on-Tangible-Asset was 9.96%. The lowest was 5.83%. And the median was 7.64%.
TSE:8935's Return-on-Tangible-Asset is ranked better than 91.23% of 1801
companies
in the Real Estate industry
Industry Median: 1.72
vs TSE:8935: 9.16
FJ Next Holdings Co (TSE:8935) 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.
FJ Next Holdings Co Return-on-Tangible-Asset Related Terms
FJ Next Holdings Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for FJ Next 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.
FJ Next Holdings Co Return-on-Tangible-Asset Chart
FJ Next Holdings Co Return-on-Tangible-Asset Competitor Comparison
For the Real Estate - Diversified subindustry, FJ Next 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.
FJ Next Holdings Co Return-on-Tangible-Asset vs Real Estate Industry
For the Real Estate industry and Real Estate sector, FJ Next Holdings Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where FJ Next 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 11.37% mean?
FJ Next Holdings Co (TSE:8935) has a Return-on-Tangible-Asset of 11.37% 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 FJ Next Holdings Co and its competitors. This is 49% above median its historical median of 7.64. Over the past decade, FJ Next Holdings Co's Return-on-Tangible-Asset has ranged from 5.83 to 9.96. According to the industry distribution chart, FJ Next Holdings Co ranks #158 out of 1801 companies in the Real Estate industry, placing it in the top 8.8%.
Is FJ Next Holdings Co's Return-on-Tangible-Asset too high?
FJ Next Holdings Co's current Return-on-Tangible-Asset of 11.37% is 49% above median its 10-year median of 7.64. Over the past 10 years, this metric has ranged from a low of 5.83 to a high of 9.96. The Real Estate industry median Return-on-Tangible-Asset is 1.72. FJ Next Holdings Co's value of 11.37% is 561% above this industry median. Based on the distribution chart, FJ Next Holdings Co ranks #158 out of 1801 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, FJ Next Holdings Co has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does FJ Next Holdings Co's Return-on-Tangible-Asset compare to competitors?
According to the Real Estate industry distribution chart, FJ Next Holdings Co ranks #158 out of 1801 companies for Return-on-Tangible-Asset. This places FJ Next Holdings Co in the top 9% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.72. FJ Next Holdings Co's value of 11.37% is 561% above this benchmark. Historically, FJ Next Holdings Co's own Return-on-Tangible-Asset has ranged from 5.83 to 9.96 over the past decade. While the company's 10-year median is 7.64 vs. the industry median of 1.72, FJ Next Holdings 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 Real Estate company?
The median Return-on-Tangible-Asset among Real Estate companies is 1.72, based on 1,801 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. FJ Next Holdings Co's current Return-on-Tangible-Asset of 11.37% is 561% 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 FJ Next Holdings Co and its competitors. For the Real Estate industry, the median Return-on-Tangible-Asset is 1.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FJ Next Holdings Co's current Return-on-Tangible-Asset is 11.37%, which is 49% above median its own 10-year median of 7.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FJ Next Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, FJ Next Holdings Co (TSE:8935) is currently considered Fairly Valued. The stock's GF Value™ is 円1,842.52, compared to a current price of 円1,856.00 — trading 0.7% above its estimated fair value. The current Return-on-Tangible-Asset is 11.37%, which is 49% above median its 10-year median of 7.64 and 561% above the Real Estate industry median of 1.72. FJ Next Holdings Co's overall GF Score™ is 93/100 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 FJ Next Holdings Co (TSE:8935), the current Return-on-Tangible-Asset is 11.37% 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 FJ Next Holdings Co (TSE:8935) Overvalued in 2026?
Based on GuruFocus' analysis, FJ Next Holdings Co stock appears to be overvalued.
The current stock price of 円1,856.00 is trading 0.7% above its estimated GF Value™ of 円1,842.52.
GuruFocus considers FJ Next Holdings Co to be Fairly Valued.
Key valuation signals for TSE:8935:
Return-on-Tangible-Asset: 11.37% (49% above median its 10-year median of 7.64)
GF Value™: 円1,842.52 vs. price of 円1,856.00 (0.7% above fair value)
Industry Position: 561% above the Real Estate median (#158 of 1801)
No single metric tells the full story. See the TSE:8935 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FJ Next Holdings Co Ltd operates in the real estate sector in Japan. Along with its subsidiaries, the company operates in the following reportable segments: Real Estate Development, Real Estate Management, Construction, Hotel, and others. The majority of its revenue is generated from the Real Estate Development business, which is engaged in the development, sales, and marketing of studio apartments, resort properties, and family apartments (Gala Mansion Series and Gala Residencies) mainly in the Tokyo metropolitan area. In addition, this segment also offers rental recruitment and real estate brokerage services.
93GF Score
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