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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. Asian Star Co's annualizedNet Income for the quarter that ended in Dec. 2025 was 円0 Mil. Asian Star Co's average total tangible assets for the quarter that ended in Dec. 2025 was 円3,866 Mil. Therefore, Asian Star Co's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 0.00%.
The historical rank and industry rank for Asian Star Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:8946'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -8.63 Med: 0.32 Max: 5.22
Current: -3.8
During the past 13 years, Asian Star Co's highest Return-on-Tangible-Asset was 5.22%. The lowest was -8.63%. And the median was 0.32%.
TSE:8946's Return-on-Tangible-Asset is ranked worse than 83.9% of 1801
companies
in the Real Estate industry
Industry Median: 1.72
vs TSE:8946: -3.80
Asian Star Co (TSE:8946) 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.
Asian Star Co Return-on-Tangible-Asset Related Terms
Asian Star Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Asian Star 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:8946 vs CBRE, BEKE, JLL: Return-on-Tangible-Asset Comparison
For the Real Estate Services subindustry, Asian Star 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.
Asian Star Co Return-on-Tangible-Asset vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Asian Star Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Asian Star 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 0.00% mean?
Asian Star Co (TSE:8946) has a Return-on-Tangible-Asset of 0.00% 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 Asian Star Co and its competitors. According to the industry distribution chart, Asian Star Co ranks #1511 out of 1801 companies in the Real Estate industry, placing it in the top 83.9%.
Is Asian Star Co's Return-on-Tangible-Asset too high?
Asian Star Co's current Return-on-Tangible-Asset is 0.00%. Based on the distribution chart, Asian Star Co ranks #1511 out of 1801 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Asian Star Co has a GF Score™ of 58/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Asian Star Co's Return-on-Tangible-Asset compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Asian Star Co ranks #1511 out of 1801 companies for Return-on-Tangible-Asset. This places Asian Star Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 1.72. 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. 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 Asian Star 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. Asian Star Co's current Return-on-Tangible-Asset is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asian Star Co stock overvalued right now?
Based on GuruFocus' analysis, Asian Star Co (TSE:8946) is currently considered Possible Value Trap. The stock's GF Value™ is 円159.43, compared to a current price of 円77.00 — trading 51.7% below its estimated fair value. The current Return-on-Tangible-Asset is 0.00%. Asian Star Co's overall GF Score™ is 58/100 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 Asian Star Co (TSE:8946), the current Return-on-Tangible-Asset is 0.00% 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 Asian Star Co (TSE:8946) Overvalued in 2026?
Based on GuruFocus' analysis, Asian Star Co stock appears to be undervalued.
The current stock price of 円77.00 is trading 51.7% below its estimated GF Value™ of 円159.43.
GuruFocus considers Asian Star Co to be Possible Value Trap.
Key valuation signals for TSE:8946:
Return-on-Tangible-Asset: 0.00%
GF Value™: 円159.43 vs. price of 円77.00 (51.7% below fair value)
No single metric tells the full story. See the TSE:8946 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asian Star Co is engaged in offering real estate services. The business of the company includes, real estate leasing management, real estate rental brokerage, leasing, real estate ownership, and casualty insurance agency business.
58GF Score
Get the complete analysis for TSE:8946
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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