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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. Meiji Shipping Group Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円-468 Mil. Meiji Shipping Group Co's average total tangible assets for the quarter that ended in Mar. 2026 was 円287,472 Mil. Therefore, Meiji Shipping Group Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -0.16%.
The historical rank and industry rank for Meiji Shipping Group Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:9115'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.66 Med: 1.26 Max: 2.51
Current: 0.82
During the past 13 years, Meiji Shipping Group Co's highest Return-on-Tangible-Asset was 2.51%. The lowest was 0.66%. And the median was 1.26%.
TSE:9115's Return-on-Tangible-Asset is ranked worse than 75.27% of 1011
companies
in the Transportation industry
Industry Median: 3.78
vs TSE:9115: 0.82
Meiji Shipping Group Co (TSE:9115) 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.
Meiji Shipping Group Co Return-on-Tangible-Asset Related Terms
Meiji Shipping Group Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Meiji Shipping Group 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.
Meiji Shipping Group Co Return-on-Tangible-Asset Chart
TSE:9115 vs UPS, FDX, JBHT: Return-on-Tangible-Asset Comparison
For the Integrated Freight & Logistics subindustry, Meiji Shipping Group 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.
Meiji Shipping Group Co Return-on-Tangible-Asset vs Transportation Industry
For the Transportation industry and Industrials sector, Meiji Shipping Group Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Meiji Shipping Group 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 -0.16% mean?
Meiji Shipping Group Co (TSE:9115) has a Return-on-Tangible-Asset of -0.16% 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 Meiji Shipping Group Co and its competitors. Over the past decade, Meiji Shipping Group Co's Return-on-Tangible-Asset has ranged from 0.66 to 2.51. According to the industry distribution chart, Meiji Shipping Group Co ranks #761 out of 1011 companies in the Transportation industry, placing it in the top 75.3%.
Is Meiji Shipping Group Co's Return-on-Tangible-Asset too high?
Meiji Shipping Group Co's current Return-on-Tangible-Asset is -0.16%. Over the past 10 years, this metric has ranged from a low of 0.66 to a high of 2.51. Based on the distribution chart, Meiji Shipping Group Co ranks #761 out of 1011 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Meiji Shipping Group Co has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Meiji Shipping Group Co's Return-on-Tangible-Asset compare to UPS and FDX?
According to the Transportation industry distribution chart, Meiji Shipping Group Co ranks #761 out of 1011 companies for Return-on-Tangible-Asset. This places Meiji Shipping Group Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.78. Historically, Meiji Shipping Group Co's own Return-on-Tangible-Asset has ranged from 0.66 to 2.51 over the past decade. 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 Transportation company?
The median Return-on-Tangible-Asset among Transportation companies is 3.78, based on 1,011 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 Meiji Shipping Group Co and its competitors. For the Transportation industry, the median Return-on-Tangible-Asset is 3.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Meiji Shipping Group Co's current Return-on-Tangible-Asset is -0.16%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meiji Shipping Group Co stock overvalued right now?
Based on GuruFocus' analysis, Meiji Shipping Group Co (TSE:9115) is currently considered Significantly Overvalued. The stock's GF Value™ is 円655.12, compared to a current price of 円903.00 — trading 37.8% above its estimated fair value. The current Return-on-Tangible-Asset is -0.16%. Meiji Shipping Group Co's overall GF Score™ is 74/100 with 5 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 Meiji Shipping Group Co (TSE:9115), the current Return-on-Tangible-Asset is -0.16% 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 Meiji Shipping Group Co (TSE:9115) Overvalued in 2026?
Based on GuruFocus' analysis, Meiji Shipping Group Co stock appears to be overvalued.
The current stock price of 円903.00 is trading 37.8% above its estimated GF Value™ of 円655.12.
GuruFocus considers Meiji Shipping Group Co to be Significantly Overvalued.
Key valuation signals for TSE:9115:
Return-on-Tangible-Asset: -0.16%
GF Value™: 円655.12 vs. price of 円903.00 (37.8% above fair value)
No single metric tells the full story. See the TSE:9115 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Meiji Shipping Group Co Ltd is engaged in maritime business, shipping business, hotel business, and other business. The company owns tankers, bulk carrier, container carrier, and wood chip carrier.
74GF Score
Get the complete analysis for TSE:9115
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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