Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Grandy HouseTSE:8999 54 Return-on-Tangible-Asset is 2.47% as of Mar. 2026, which is 23% below its 10-year median of 3.20. GuruFocus rates TSE:8999 with a GF Score™ of 54/100 and a GF Value™ of 円576.61 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,797 Real Estate companies, Grandy House ranks better than 50.19% 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. Grandy House's annualizedNet Income for the quarter that ended in Mar. 2026 was 円1,682 Mil. Grandy House's average total tangible assets for the quarter that ended in Mar. 2026 was 円67,981 Mil. Therefore, Grandy House's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 2.47%.
The historical rank and industry rank for Grandy House's Return-on-Tangible-Asset or its related term are showing as below:
TSE:8999'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.57 Med: 3.2 Max: 4.43
Current: 1.82
During the past 13 years, Grandy House's highest Return-on-Tangible-Asset was 4.43%. The lowest was 0.57%. And the median was 3.20%.
TSE:8999's Return-on-Tangible-Asset is ranked better than 50.19% of 1797
companies
in the Real Estate industry
Industry Median: 1.81
vs TSE:8999: 1.82
Grandy House (TSE:8999) 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.
Grandy House Return-on-Tangible-Asset Related Terms
Grandy House Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Grandy House'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:8999 vs CBRE, BEKE, JLL: Return-on-Tangible-Asset Comparison
For the Real Estate Services subindustry, Grandy House'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.
Grandy House Return-on-Tangible-Asset vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Grandy House's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Grandy House'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 2.47% mean?
Grandy House (TSE:8999) has a Return-on-Tangible-Asset of 2.47% 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 Grandy House and its competitors. This is 23% below median its historical median of 3.20. Over the past decade, Grandy House's Return-on-Tangible-Asset has ranged from 0.57 to 4.43. According to the industry distribution chart, Grandy House ranks #895 out of 1797 companies in the Real Estate industry, placing it in the top 49.8%.
Is Grandy House's Return-on-Tangible-Asset too high?
Grandy House's current Return-on-Tangible-Asset of 2.47% is 23% below median its 10-year median of 3.20. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 4.43. The Real Estate industry median Return-on-Tangible-Asset is 1.81. Grandy House's value of 2.47% is 36.5% above this industry median. Based on the distribution chart, Grandy House ranks #895 out of 1797 companies in the Real Estate industry, which is above the industry midpoint. Overall, Grandy House has a GF Score™ of 54/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Grandy House's Return-on-Tangible-Asset compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Grandy House ranks #895 out of 1797 companies for Return-on-Tangible-Asset. This puts Grandy House in the upper half of its industry. The industry median Return-on-Tangible-Asset is 1.81. Grandy House's value of 2.47% is 36.5% above this benchmark. Historically, Grandy House's own Return-on-Tangible-Asset has ranged from 0.57 to 4.43 over the past decade. While the company's 10-year median is 3.20 vs. the industry median of 1.81, Grandy House 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 1.81, based on 1,797 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. Grandy House's current Return-on-Tangible-Asset of 2.47% is 36.5% 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 Grandy House and its competitors. For the Real Estate industry, the median Return-on-Tangible-Asset is 1.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grandy House's current Return-on-Tangible-Asset is 2.47%, which is 23% below median its own 10-year median of 3.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grandy House stock overvalued right now?
Based on GuruFocus' analysis, Grandy House (TSE:8999) is currently considered Fairly Valued. The stock's GF Value™ is 円576.61, compared to a current price of 円581.00 — trading 0.8% above its estimated fair value. The current Return-on-Tangible-Asset is 2.47%, which is 23% below median its 10-year median of 3.20 and 36.5% above the Real Estate industry median of 1.81. Grandy House's overall GF Score™ is 54/100 with 6 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 Grandy House (TSE:8999), the current Return-on-Tangible-Asset is 2.47% 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 Grandy House (TSE:8999) Overvalued in 2026?
Based on GuruFocus' analysis, Grandy House stock appears to be overvalued.
The current stock price of 円581.00 is trading 0.8% above its estimated GF Value™ of 円576.61.
GuruFocus considers Grandy House to be Fairly Valued.
Key valuation signals for TSE:8999:
Return-on-Tangible-Asset: 2.47% (23% below median its 10-year median of 3.20)
GF Value™: 円576.61 vs. price of 円581.00 (0.8% above fair value)
Industry Position: 36.5% above the Real Estate median (#895 of 1797)
No single metric tells the full story. See the TSE:8999 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Grandy House Corp is a real estate company based in Japan. The company's three reportable segments are classified as Real Estate Sales, Construction Material Sales, and Real Estate Leasing. The Real Estate Sales business includes sales of new homes including building contract and sale of land and existing homes and home renovation. The Construction Material Sales business comprises of production and sale of pre-cut materials for housing and sale of construction materials and home facilities and equipment. In the Real Estate Leasing business, activities comprise the leasing of office, homes, related properties, and parking facilities.
54GF Score
Get the complete analysis for TSE:8999
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:8999 has been successfully added to your 
