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Tokyo Kisen CoTSE:9193 -0.23%62 Return-on-Tangible-Asset is 29.15% as of Mar. 2026, which is 1262% above its 10-year median of 2.14. GuruFocus rates TSE:9193 with a GF Score™ of 62/100 and a GF Value™ of 円760.98 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,012 Transportation companies, Tokyo Kisen Co ranks better than 93.08% 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. Tokyo Kisen Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円10,030 Mil. Tokyo Kisen Co's average total tangible assets for the quarter that ended in Mar. 2026 was 円34,413 Mil. Therefore, Tokyo Kisen Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 29.15%.
The historical rank and industry rank for Tokyo Kisen Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:9193'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.69 Med: 2.14 Max: 15.13
Current: 15.13
During the past 13 years, Tokyo Kisen Co's highest Return-on-Tangible-Asset was 15.13%. The lowest was -0.69%. And the median was 2.14%.
TSE:9193's Return-on-Tangible-Asset is ranked better than 93.08% of 1012
companies
in the Transportation industry
Industry Median: 3.805
vs TSE:9193: 15.13
Tokyo Kisen Co (TSE:9193) 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.
Tokyo Kisen Co Return-on-Tangible-Asset Related Terms
Tokyo Kisen Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Tokyo Kisen 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.
Tokyo Kisen Co Return-on-Tangible-Asset Competitor Comparison
For the Marine Shipping subindustry, Tokyo Kisen 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.
Tokyo Kisen Co Return-on-Tangible-Asset vs Transportation Industry
For the Transportation industry and Industrials sector, Tokyo Kisen Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Tokyo Kisen 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 two times the semi-annual (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 29.15% mean?
Tokyo Kisen Co (TSE:9193) has a Return-on-Tangible-Asset of 29.15% 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 Tokyo Kisen Co and its competitors. This is 1262% above median its historical median of 2.14. According to the industry distribution chart, Tokyo Kisen Co ranks #70 out of 1012 companies in the Transportation industry, placing it in the top 6.9%.
Is Tokyo Kisen Co's Return-on-Tangible-Asset too high?
Tokyo Kisen Co's current Return-on-Tangible-Asset of 29.15% is 1262% above median its 10-year median of 2.14. The Transportation industry median Return-on-Tangible-Asset is 3.81. Tokyo Kisen Co's value of 29.15% is 666.1% above this industry median. Based on the distribution chart, Tokyo Kisen Co ranks #70 out of 1012 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Tokyo Kisen Co has a GF Score™ of 62/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tokyo Kisen Co's Return-on-Tangible-Asset compare to competitors?
According to the Transportation industry distribution chart, Tokyo Kisen Co ranks #70 out of 1012 companies for Return-on-Tangible-Asset. This places Tokyo Kisen Co in the top 7% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.81. Tokyo Kisen Co's value of 29.15% is 666.1% above this benchmark. While the company's 10-year median is 2.14 vs. the industry median of 3.81, Tokyo Kisen 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 Transportation company?
The median Return-on-Tangible-Asset among Transportation companies is 3.81, based on 1,012 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. Tokyo Kisen Co's current Return-on-Tangible-Asset of 29.15% is 666.1% 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 Tokyo Kisen Co and its competitors. For the Transportation industry, the median Return-on-Tangible-Asset is 3.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokyo Kisen Co's current Return-on-Tangible-Asset is 29.15%, which is 1262% above median its own 10-year median of 2.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokyo Kisen Co stock overvalued right now?
Based on GuruFocus' analysis, Tokyo Kisen Co (TSE:9193) is currently considered Modestly Overvalued. The stock's GF Value™ is 円760.98, compared to a current price of 円857.00 — trading 12.6% above its estimated fair value. The current Return-on-Tangible-Asset is 29.15%, which is 1262% above median its 10-year median of 2.14 and 666.1% above the Transportation industry median of 3.81. Tokyo Kisen Co's overall GF Score™ is 62/100 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 Tokyo Kisen Co (TSE:9193), the current Return-on-Tangible-Asset is 29.15% 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 Tokyo Kisen Co (TSE:9193) Overvalued in 2026?
Based on GuruFocus' analysis, Tokyo Kisen Co stock appears to be overvalued.
The current stock price of 円857.00 is trading 12.6% above its estimated GF Value™ of 円760.98.
GuruFocus considers Tokyo Kisen Co to be Modestly Overvalued.
Key valuation signals for TSE:9193:
Return-on-Tangible-Asset: 29.15% (1262% above median its 10-year median of 2.14)
GF Value™: 円760.98 vs. price of 円857.00 (12.6% above fair value)
Industry Position: 666.1% above the Transportation median (#70 of 1012)
No single metric tells the full story. See the TSE:9193 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tokyo Kisen Co Ltd is a Japan-based company providing maritime safety services. The services offered by the company include harbor towage services, escort tug services, and emergency support and disaster prevention services like container ships, crude oil tankers, LNG carriers, LPG carriers, bulk carriers, car carriers, and iron ore carriers.
62GF Score
Get the complete analysis for TSE:9193
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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