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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. Hankyu Hanshin REIT's annualizedNet Income for the quarter that ended in May. 2026 was 円4,573 Mil. Hankyu Hanshin REIT's average total tangible assets for the quarter that ended in May. 2026 was 円182,062 Mil. Therefore, Hankyu Hanshin REIT's annualized Return-on-Tangible-Asset for the quarter that ended in May. 2026 was 2.51%.
The historical rank and industry rank for Hankyu Hanshin REIT's Return-on-Tangible-Asset or its related term are showing as below:
TSE:8977'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.23 Med: 2.46 Max: 2.75
Current: 2.55
During the past 13 years, Hankyu Hanshin REIT's highest Return-on-Tangible-Asset was 2.75%. The lowest was 2.23%. And the median was 2.46%.
TSE:8977's Return-on-Tangible-Asset is ranked worse than 59.4% of 926
companies
in the REITs industry
Industry Median: 3.28
vs TSE:8977: 2.55
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.
Hankyu Hanshin REIT Return-on-Tangible-Asset Related Terms
Hankyu Hanshin REIT Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Hankyu Hanshin REIT'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:8977 vs VICI, WPC: Return-on-Tangible-Asset Comparison
For the REIT - Diversified subindustry, Hankyu Hanshin REIT'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.
Hankyu Hanshin REIT Return-on-Tangible-Asset vs REITs Industry
For the REITs industry and Real Estate sector, Hankyu Hanshin REIT's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Hankyu Hanshin REIT'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 (May. 2026) net income data.
What does a Return-on-Tangible-Asset of 2.51% mean?
Hankyu Hanshin REIT (TSE:8977) has a Return-on-Tangible-Asset of 2.51% as of May. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Hankyu Hanshin REIT and its competitors. This is near median its historical median of 2.46. Over the past decade, Hankyu Hanshin REIT's Return-on-Tangible-Asset has ranged from 2.23 to 2.75. According to the industry distribution chart, Hankyu Hanshin REIT ranks #550 out of 926 companies in the REITs industry, placing it in the top 59.4%.
Is Hankyu Hanshin REIT's Return-on-Tangible-Asset too high?
Hankyu Hanshin REIT's current Return-on-Tangible-Asset of 2.51% is near median its 10-year median of 2.46. Over the past 10 years, this metric has ranged from a low of 2.23 to a high of 2.75. The REITs industry median Return-on-Tangible-Asset is 3.28. Hankyu Hanshin REIT's value of 2.51% is 23.5% below this industry median. Based on the distribution chart, Hankyu Hanshin REIT ranks #550 out of 926 companies in the REITs industry, which is below the industry midpoint. Overall, Hankyu Hanshin REIT has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hankyu Hanshin REIT's Return-on-Tangible-Asset compare to VICI and WPC?
According to the REITs industry distribution chart, Hankyu Hanshin REIT ranks #550 out of 926 companies for Return-on-Tangible-Asset. This places Hankyu Hanshin REIT in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.28. Hankyu Hanshin REIT's value of 2.51% is 23.5% below this benchmark. Historically, Hankyu Hanshin REIT's own Return-on-Tangible-Asset has ranged from 2.23 to 2.75 over the past decade. While the company's 10-year median is 2.46 vs. the industry median of 3.28, Hankyu Hanshin REIT 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 a REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.28, based on 926 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. Hankyu Hanshin REIT's current Return-on-Tangible-Asset of 2.51% is 23.5% 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 Hankyu Hanshin REIT and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hankyu Hanshin REIT's current Return-on-Tangible-Asset is 2.51%, which is near median its own 10-year median of 2.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hankyu Hanshin REIT stock overvalued right now?
Based on GuruFocus' analysis, Hankyu Hanshin REIT (TSE:8977) is currently considered Fairly Valued. The stock's GF Value™ is 円154,324.89, compared to a current price of 円144,100.00 — trading 6.6% below its estimated fair value. The current Return-on-Tangible-Asset is 2.51%, which is near median its 10-year median of 2.46 and 23.5% below the REITs industry median of 3.28. Hankyu Hanshin REIT's overall GF Score™ is 59/100 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 Hankyu Hanshin REIT (TSE:8977), the current Return-on-Tangible-Asset is 2.51% as of May. 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 Hankyu Hanshin REIT (TSE:8977) Overvalued in 2026?
Based on GuruFocus' analysis, Hankyu Hanshin REIT stock appears to be undervalued.
The current stock price of 円144,100.00 is trading 6.6% below its estimated GF Value™ of 円154,324.89.
GuruFocus considers Hankyu Hanshin REIT to be Fairly Valued.
Key valuation signals for TSE:8977:
Return-on-Tangible-Asset: 2.51% (near median its 10-year median of 2.46)
GF Value™: 円154,324.89 vs. price of 円144,100.00 (6.6% below fair value)
Industry Position: 23.5% below the REITs median (#550 of 926)
No single metric tells the full story. See the TSE:8977 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hankyu Hanshin REIT Inc is a real estate investment trust. The firm manages funds contributed by unitholders by investing them mainly in real estate and real estate backed securities. Its portfolio comprises retail facilities, Office use facilities and Complex facilities. The firm holds the majority of its investments in Kansai region.
59GF Score
Get the complete analysis for TSE:8977
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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