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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. Microwave Chemical Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円-461 Mil. Microwave Chemical Co's average total tangible assets for the quarter that ended in Mar. 2026 was 円1,646 Mil. Therefore, Microwave Chemical Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -27.97%.
The historical rank and industry rank for Microwave Chemical Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:9227'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -47.37 Med: -2.81 Max: 8.09
Current: -47.37
During the past 7 years, Microwave Chemical Co's highest Return-on-Tangible-Asset was 8.09%. The lowest was -47.37%. And the median was -2.81%.
TSE:9227's Return-on-Tangible-Asset is ranked worse than 97.4% of 1616
companies
in the Chemicals industry
Industry Median: 3.385
vs TSE:9227: -47.37
Microwave Chemical Co (TSE:9227) 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.
Microwave Chemical Co Return-on-Tangible-Asset Related Terms
Microwave Chemical Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Microwave Chemical 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.
Microwave Chemical Co Return-on-Tangible-Asset Chart
TSE:9227 vs DOW: Return-on-Tangible-Asset Comparison
For the Chemicals subindustry, Microwave Chemical 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.
Microwave Chemical Co Return-on-Tangible-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Microwave Chemical Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Microwave Chemical 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 -27.97% mean?
Microwave Chemical Co (TSE:9227) has a Return-on-Tangible-Asset of -27.97% 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 Microwave Chemical Co and its competitors. According to the industry distribution chart, Microwave Chemical Co ranks #1574 out of 1616 companies in the Chemicals industry, placing it in the top 97.4%.
Is Microwave Chemical Co's Return-on-Tangible-Asset too high?
Microwave Chemical Co's current Return-on-Tangible-Asset is -27.97%. Based on the distribution chart, Microwave Chemical Co ranks #1574 out of 1616 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Microwave Chemical Co has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Microwave Chemical Co's Return-on-Tangible-Asset compare to DOW?
According to the Chemicals industry distribution chart, Microwave Chemical Co ranks #1574 out of 1616 companies for Return-on-Tangible-Asset. This places Microwave Chemical Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.39. 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 Chemicals company?
The median Return-on-Tangible-Asset among Chemicals companies is 3.39, based on 1,616 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 Microwave Chemical Co and its competitors. For the Chemicals industry, the median Return-on-Tangible-Asset is 3.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Microwave Chemical Co's current Return-on-Tangible-Asset is -27.97%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Microwave Chemical Co stock overvalued right now?
Based on GuruFocus' analysis, Microwave Chemical Co (TSE:9227) is currently considered Significantly Overvalued. The stock's GF Value™ is 円251.46, compared to a current price of 円914.00 — trading 263.5% above its estimated fair value. The current Return-on-Tangible-Asset is -27.97%. Microwave Chemical Co's overall GF Score™ is 55/100 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 Microwave Chemical Co (TSE:9227), the current Return-on-Tangible-Asset is -27.97% 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 Microwave Chemical Co (TSE:9227) Overvalued in 2026?
Based on GuruFocus' analysis, Microwave Chemical Co stock appears to be overvalued.
The current stock price of 円914.00 is trading 263.5% above its estimated GF Value™ of 円251.46.
GuruFocus considers Microwave Chemical Co to be Significantly Overvalued.
Key valuation signals for TSE:9227:
Return-on-Tangible-Asset: -27.97%
GF Value™: 円251.46 vs. price of 円914.00 (263.5% above fair value)
No single metric tells the full story. See the TSE:9227 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Microwave Chemical Co Ltd is engaged in providing solutions from research and development to engineering, utilizing a microwave chemistry technology platform.
55GF Score
Get the complete analysis for TSE:9227
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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