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Keihan Holdings CoTSE:9045 -2.94%79 Return-on-Tangible-Asset is 3.59% as of Mar. 2026, which is 16% above its 10-year median of 3.10. GuruFocus rates TSE:9045 with a GF Score™ of 79/100 and a GF Value™ of 円3,724.27 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 568 Conglomerates companies, Keihan Holdings Co ranks better than 61.09% 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. Keihan Holdings Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円32,072 Mil. Keihan Holdings Co's average total tangible assets for the quarter that ended in Mar. 2026 was 円893,991 Mil. Therefore, Keihan Holdings Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 3.59%.
The historical rank and industry rank for Keihan Holdings Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:9045'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.62 Med: 3.1 Max: 3.84
Current: 3.84
During the past 13 years, Keihan Holdings Co's highest Return-on-Tangible-Asset was 3.84%. The lowest was -0.62%. And the median was 3.10%.
TSE:9045's Return-on-Tangible-Asset is ranked better than 61.09% of 568
companies
in the Conglomerates industry
Industry Median: 2.68
vs TSE:9045: 3.84
Keihan Holdings Co (TSE:9045) 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.
Keihan Holdings Co Return-on-Tangible-Asset Related Terms
Keihan Holdings Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Keihan 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:9045 vs MMM, HON: Return-on-Tangible-Asset Comparison
For the Conglomerates subindustry, Keihan 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.
Keihan Holdings Co Return-on-Tangible-Asset vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Keihan Holdings Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Keihan 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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 3.59% mean?
Keihan Holdings Co (TSE:9045) has a Return-on-Tangible-Asset of 3.59% 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 Keihan Holdings Co and its competitors. This is 16% above median its historical median of 3.10. According to the industry distribution chart, Keihan Holdings Co ranks #221 out of 568 companies in the Conglomerates industry, placing it in the top 38.9%.
Is Keihan Holdings Co's Return-on-Tangible-Asset too high?
Keihan Holdings Co's current Return-on-Tangible-Asset of 3.59% is 16% above median its 10-year median of 3.10. The Conglomerates industry median Return-on-Tangible-Asset is 2.68. Keihan Holdings Co's value of 3.59% is 34% above this industry median. Based on the distribution chart, Keihan Holdings Co ranks #221 out of 568 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Keihan Holdings Co has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Keihan Holdings Co's Return-on-Tangible-Asset compare to MMM and HON?
According to the Conglomerates industry distribution chart, Keihan Holdings Co ranks #221 out of 568 companies for Return-on-Tangible-Asset. This puts Keihan Holdings Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.68. Keihan Holdings Co's value of 3.59% is 34% above this benchmark. While the company's 10-year median is 3.10 vs. the industry median of 2.68, Keihan 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 Conglomerates company?
The median Return-on-Tangible-Asset among Conglomerates companies is 2.68, based on 568 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. Keihan Holdings Co's current Return-on-Tangible-Asset of 3.59% is 34% 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 Keihan Holdings Co and its competitors. For the Conglomerates industry, the median Return-on-Tangible-Asset is 2.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Keihan Holdings Co's current Return-on-Tangible-Asset is 3.59%, which is 16% above median its own 10-year median of 3.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Keihan Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Keihan Holdings Co (TSE:9045) is currently considered Modestly Undervalued. The stock's GF Value™ is 円3,724.27, compared to a current price of 円3,168.00 — trading 14.9% below its estimated fair value. The current Return-on-Tangible-Asset is 3.59%, which is 16% above median its 10-year median of 3.10 and 34% above the Conglomerates industry median of 2.68. Keihan Holdings Co's overall GF Score™ is 79/100 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 Keihan Holdings Co (TSE:9045), the current Return-on-Tangible-Asset is 3.59% 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 Keihan Holdings Co (TSE:9045) Overvalued in 2026?
Based on GuruFocus' analysis, Keihan Holdings Co stock appears to be undervalued.
The current stock price of 円3,168.00 is trading 14.9% below its estimated GF Value™ of 円3,724.27.
GuruFocus considers Keihan Holdings Co to be Modestly Undervalued.
Key valuation signals for TSE:9045:
Return-on-Tangible-Asset: 3.59% (16% above median its 10-year median of 3.10)
GF Value™: 円3,724.27 vs. price of 円3,168.00 (14.9% below fair value)
Industry Position: 34% above the Conglomerates median (#221 of 568)
No single metric tells the full story. See the TSE:9045 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Keihan Holdings Co Ltd is a Japanese conglomerate engaged in transportation, real estate, distribution, leisure, and other related businesses. The company operates through four segments. The Distribution segment manages department stores, shops, and malls. The Leisure and Service Industry segment covers hotels and sightseeing boats. The Real Estate segment handles sales, leasing, building materials, and design, and the Transportation segment operates railways and buses. Other Businesses include the operation of GOOD NATURE STATION, a commercial complex focused on sustainable experiences. It generates the majority of its revenue from the Real estate business segment.
79GF Score
Get the complete analysis for TSE:9045
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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