Enex Infrastructure Investment (TSE:9286) Return-on-Tangible-Asset: 2.40% (As of May. 2026) — 52% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

TSE:9286 Enex Infrastructure Investment Corp TSE:9286
70 GF Score
Price 円46,850.00
GF Value 円60,125.31
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Enex Infrastructure Investment Return-on-Tangible-Asset?

Enex Infrastructure Investment TSE:9286 70 Return-on-Tangible-Asset is 2.40% as of May. 2026, which is 52% above its 10-year median of 1.58. GuruFocus rates TSE:9286 with a GF Score™ of 70/100 and a GF Value™ of 円60,125.31 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 933 REITs companies, Enex Infrastructure Investment ranks worse than 61.95% 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. Enex Infrastructure Investment's annualized Net Income for the quarter that ended in May. 2026 was 円2,229 Mil. Enex Infrastructure Investment's average total tangible assets for the quarter that ended in May. 2026 was 円92,778 Mil. Therefore, Enex Infrastructure Investment's annualized Return-on-Tangible-Asset for the quarter that ended in May. 2026 was 2.40%.

The historical rank and industry rank for Enex Infrastructure Investment's Return-on-Tangible-Asset or its related term are showing as below:

TSE:9286' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.35   Med: 1.58   Max: 240.26
Current: 2.11

During the past 7 years, Enex Infrastructure Investment's highest Return-on-Tangible-Asset was 240.26%. The lowest was 1.35%. And the median was 1.58%.

TSE:9286's Return-on-Tangible-Asset is ranked worse than
61.95% of 933 companies
in the REITs industry
Industry Median: 3.29 vs TSE:9286: 2.11

Enex Infrastructure Investment  (TSE:9286) 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 company’s 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 company’s 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.


Enex Infrastructure Investment Return-on-Tangible-Asset Related Terms


Enex Infrastructure Investment Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Enex Infrastructure Investment'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.

Enex Infrastructure Investment Return-on-Tangible-Asset Chart

Enex Infrastructure Investment Annual Data
Trend Nov18 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Return-on-Tangible-Asset
Get a 7-Day Free Trial 1.35 2.26 1.60 1.51 1.55

Enex Infrastructure Investment Semi-Annual Data
Nov18 May19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25 May26
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.55 1.46 1.27 1.85 2.40

TSE:9286 vs EQIX, AMT, DLR: Return-on-Tangible-Asset Comparison

For the REIT - Specialty subindustry, Enex Infrastructure Investment'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.


Enex Infrastructure Investment Return-on-Tangible-Asset vs REITs Industry

For the REITs industry and Real Estate sector, Enex Infrastructure Investment's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Enex Infrastructure Investment's Return-on-Tangible-Asset falls into.


TSE:9286
70GF Score
Enex Infrastructure Investment Corp TSE:9286
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Enex Infrastructure Investment Return-on-Tangible-Asset Calculation

Enex Infrastructure Investment's annualized Return-on-Tangible-Asset for the fiscal year that ended in Nov. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Nov. 2025 )  (A: Nov. 2024 )(A: Nov. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Nov. 2025 )  (A: Nov. 2024 )(A: Nov. 2025 )
=1461.632/( (97274.431+91091.416)/ 2 )
=1461.632/94182.9235
=1.55 %

Enex Infrastructure Investment's annualized Return-on-Tangible-Asset for the quarter that ended in May. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: May. 2026 )  (Q: Nov. 2025 )(Q: May. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: May. 2026 )  (Q: Nov. 2025 )(Q: May. 2026 )
=2229.186/( (91091.416+94464.718)/ 2 )
=2229.186/92778.067
=2.40 %

* 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 (May. 2026) net income data.

What does a Return-on-Tangible-Asset of 2.40% mean?
Enex Infrastructure Investment (TSE:9286) has a Return-on-Tangible-Asset of 2.40% as of May. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Enex Infrastructure Investment and its competitors. This is 52% above median its historical median of 1.58. Over the past decade, Enex Infrastructure Investment's Return-on-Tangible-Asset has ranged from 1.35 to 240.26. According to the industry distribution chart, Enex Infrastructure Investment ranks #578 out of 933 companies in the REITs industry, placing it in the top 62%.
Is Enex Infrastructure Investment's Return-on-Tangible-Asset too high?
Enex Infrastructure Investment's current Return-on-Tangible-Asset of 2.40% is 52% above median its 10-year median of 1.58. Over the past 10 years, this metric has ranged from a low of 1.35 to a high of 240.26. The REITs industry median Return-on-Tangible-Asset is 3.29. Enex Infrastructure Investment's value of 2.40% is 27.1% below this industry median. Based on the distribution chart, Enex Infrastructure Investment ranks #578 out of 933 companies in the REITs industry, which is below the industry midpoint. Overall, Enex Infrastructure Investment has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Enex Infrastructure Investment's Return-on-Tangible-Asset compare to EQIX and AMT?
According to the REITs industry distribution chart, Enex Infrastructure Investment ranks #578 out of 933 companies for Return-on-Tangible-Asset. This places Enex Infrastructure Investment in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.29. Enex Infrastructure Investment's value of 2.40% is 27.1% below this benchmark. Historically, Enex Infrastructure Investment's own Return-on-Tangible-Asset has ranged from 1.35 to 240.26 over the past decade. While the company's 10-year median is 1.58 vs. the industry median of 3.29, Enex Infrastructure Investment has consistently been below 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 REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.29, based on 933 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. Enex Infrastructure Investment's current Return-on-Tangible-Asset of 2.40% is 27.1% below 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 Enex Infrastructure Investment and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Enex Infrastructure Investment's current Return-on-Tangible-Asset is 2.40%, which is 52% above median its own 10-year median of 1.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Enex Infrastructure Investment stock overvalued right now?
Based on GuruFocus' analysis, Enex Infrastructure Investment (TSE:9286) is currently considered Modestly Undervalued. The stock's GF Value™ is 円60,125.31, compared to a current price of 円46,850.00 — trading 22.1% below its estimated fair value. The current Return-on-Tangible-Asset is 2.40%, which is 52% above median its 10-year median of 1.58 and 27.1% below the REITs industry median of 3.29. Enex Infrastructure Investment's overall GF Score™ is 70/100 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 Enex Infrastructure Investment (TSE:9286), the current Return-on-Tangible-Asset is 2.40% as of May. 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 Enex Infrastructure Investment (TSE:9286) Overvalued in 2026?

Based on GuruFocus' analysis, Enex Infrastructure Investment stock appears to be undervalued. The current stock price of 円46,850.00 is trading 22.1% below its estimated GF Value™ of 円60,125.31. GuruFocus considers Enex Infrastructure Investment to be Modestly Undervalued.

Key valuation signals for TSE:9286:

  • Return-on-Tangible-Asset: 2.40% (52% above median its 10-year median of 1.58)
  • GF Value™: 円60,125.31 vs. price of 円46,850.00 (22.1% below fair value)
  • GF Score™: 70/100 with 6 warning signs
  • Industry Position: 27.1% below the REITs median (#578 of 933)

No single metric tells the full story. See the TSE:9286 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Enex Infrastructure Investment Business Description

Industry Real EstateREITs
Address 3-2-5 Kasumigasek, 29th floor, Kasumigaseki Building, Chiyoda-ku, Tokyo, JPN
Enex Infrastructure Investment Corp is involved in maximizing investor's value by offering investment opportunities to renewable energy power generation facilities that are expected to expand as a social infrastructure.
70GF Score

Get the complete analysis for TSE:9286

Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円46,850.00
Price
円60,125.31
GF Value