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.
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.
BizmatesTSE:9345 +1.41%76 Return-on-Tangible-Asset is 10.80% as of Dec. 2025, which is 15% below its 10-year median of 12.78. GuruFocus rates TSE:9345 with a GF Score™ of 76/100 and a GF Value™ of 円1,015.31 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 263 Education companies, Bizmates ranks better than 60.84% 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. Bizmates's annualizedNet Income for the quarter that ended in Dec. 2025 was 円242 Mil. Bizmates's average total tangible assets for the quarter that ended in Dec. 2025 was 円2,244 Mil. Therefore, Bizmates's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 10.80%.
The historical rank and industry rank for Bizmates's Return-on-Tangible-Asset or its related term are showing as below:
TSE:9345'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 6.34 Med: 12.78 Max: 19.8
Current: 6.34
During the past 6 years, Bizmates's highest Return-on-Tangible-Asset was 19.80%. The lowest was 6.34%. And the median was 12.78%.
TSE:9345's Return-on-Tangible-Asset is ranked better than 60.84% of 263
companies
in the Education industry
Industry Median: 4.46
vs TSE:9345: 6.34
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.
Bizmates Return-on-Tangible-Asset Related Terms
Bizmates Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Bizmates'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:9345 vs EDU, TAL, LAUR: Return-on-Tangible-Asset Comparison
For the Education & Training Services subindustry, Bizmates'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.
Bizmates Return-on-Tangible-Asset vs Education Industry
For the Education industry and Consumer Defensive sector, Bizmates's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Bizmates'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 (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 10.80% mean?
Bizmates (TSE:9345) has a Return-on-Tangible-Asset of 10.80% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Bizmates and its competitors. This is 15% below median its historical median of 12.78. Over the past decade, Bizmates' Return-on-Tangible-Asset has ranged from 6.34 to 19.80. According to the industry distribution chart, Bizmates ranks #103 out of 263 companies in the Education industry, placing it in the top 39.2%.
Is Bizmates' Return-on-Tangible-Asset too high?
Bizmates' current Return-on-Tangible-Asset of 10.80% is 15% below median its 10-year median of 12.78. Over the past 10 years, this metric has ranged from a low of 6.34 to a high of 19.80. The Education industry median Return-on-Tangible-Asset is 4.46. Bizmates' value of 10.80% is 142.2% above this industry median. Based on the distribution chart, Bizmates ranks #103 out of 263 companies in the Education industry, which is above the industry midpoint. Overall, Bizmates has a GF Score™ of 76/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bizmates' Return-on-Tangible-Asset compare to EDU and TAL?
According to the Education industry distribution chart, Bizmates ranks #103 out of 263 companies for Return-on-Tangible-Asset. This puts Bizmates in the upper half of its industry. The industry median Return-on-Tangible-Asset is 4.46. Bizmates' value of 10.80% is 142.2% above this benchmark. Historically, Bizmates' own Return-on-Tangible-Asset has ranged from 6.34 to 19.80 over the past decade. While the company's 10-year median is 12.78 vs. the industry median of 4.46, Bizmates 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 an Education company?
The median Return-on-Tangible-Asset among Education companies is 4.46, based on 263 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. Bizmates's current Return-on-Tangible-Asset of 10.80% is 142.2% 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 Bizmates and its competitors. For the Education industry, the median Return-on-Tangible-Asset is 4.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bizmates's current Return-on-Tangible-Asset is 10.80%, which is 15% below median its own 10-year median of 12.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bizmates stock overvalued right now?
Based on GuruFocus' analysis, Bizmates (TSE:9345) is currently considered Significantly Undervalued. The stock's GF Value™ is 円1,015.31, compared to a current price of 円649.00 — trading 36.1% below its estimated fair value. The current Return-on-Tangible-Asset is 10.80%, which is 15% below median its 10-year median of 12.78 and 142.2% above the Education industry median of 4.46. Bizmates' overall GF Score™ is 76/100 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 Bizmates (TSE:9345), the current Return-on-Tangible-Asset is 10.80% as of Dec. 2025. 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 Bizmates (TSE:9345) Overvalued in 2026?
Based on GuruFocus' analysis, Bizmates stock appears to be undervalued.
The current stock price of 円649.00 is trading 36.1% below its estimated GF Value™ of 円1,015.31.
GuruFocus considers Bizmates to be Significantly Undervalued.
Key valuation signals for TSE:9345:
Return-on-Tangible-Asset: 10.80% (15% below median its 10-year median of 12.78)
GF Value™: 円1,015.31 vs. price of 円649.00 (36.1% below fair value)
Industry Position: 142.2% above the Education median (#103 of 263)
No single metric tells the full story. See the TSE:9345 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:9345 has been successfully added to your 
