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Forval RealStraightTSE:9423 +0.97%80 Return-on-Tangible-Asset is 22.85% as of Mar. 2026, which is 108% above its 10-year median of 10.97. GuruFocus rates TSE:9423 with a GF Score™ of 80/100 and a GF Value™ of 円163.62 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,802 Real Estate companies, Forval RealStraight ranks better than 94.34% 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. Forval RealStraight's annualizedNet Income for the quarter that ended in Mar. 2026 was 円374 Mil. Forval RealStraight's average total tangible assets for the quarter that ended in Mar. 2026 was 円1,639 Mil. Therefore, Forval RealStraight's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 22.85%.
The historical rank and industry rank for Forval RealStraight's Return-on-Tangible-Asset or its related term are showing as below:
TSE:9423'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 5.9 Med: 10.97 Max: 20.26
Current: 11.69
During the past 13 years, Forval RealStraight's highest Return-on-Tangible-Asset was 20.26%. The lowest was 5.90%. And the median was 10.97%.
TSE:9423's Return-on-Tangible-Asset is ranked better than 94.34% of 1802
companies
in the Real Estate industry
Industry Median: 1.88
vs TSE:9423: 11.69
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.
Forval RealStraight Return-on-Tangible-Asset Related Terms
Forval RealStraight Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Forval RealStraight'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:9423 vs CBRE, BEKE, JLL: Return-on-Tangible-Asset Comparison
For the Real Estate Services subindustry, Forval RealStraight'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.
Forval RealStraight Return-on-Tangible-Asset vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Forval RealStraight's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Forval RealStraight'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 22.85% mean?
Forval RealStraight (TSE:9423) has a Return-on-Tangible-Asset of 22.85% 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 Forval RealStraight and its competitors. This is 108% above median its historical median of 10.97. Over the past decade, Forval RealStraight's Return-on-Tangible-Asset has ranged from 5.90 to 20.26. According to the industry distribution chart, Forval RealStraight ranks #102 out of 1802 companies in the Real Estate industry, placing it in the top 5.7%.
Is Forval RealStraight's Return-on-Tangible-Asset too high?
Forval RealStraight's current Return-on-Tangible-Asset of 22.85% is 108% above median its 10-year median of 10.97. Over the past 10 years, this metric has ranged from a low of 5.90 to a high of 20.26. The Real Estate industry median Return-on-Tangible-Asset is 1.88. Forval RealStraight's value of 22.85% is 1115.4% above this industry median. Based on the distribution chart, Forval RealStraight ranks #102 out of 1802 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Forval RealStraight has a GF Score™ of 80/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Forval RealStraight's Return-on-Tangible-Asset compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Forval RealStraight ranks #102 out of 1802 companies for Return-on-Tangible-Asset. This places Forval RealStraight in the top 6% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.88. Forval RealStraight's value of 22.85% is 1115.4% above this benchmark. Historically, Forval RealStraight's own Return-on-Tangible-Asset has ranged from 5.90 to 20.26 over the past decade. While the company's 10-year median is 10.97 vs. the industry median of 1.88, Forval RealStraight 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 Real Estate company?
The median Return-on-Tangible-Asset among Real Estate companies is 1.88, based on 1,802 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. Forval RealStraight's current Return-on-Tangible-Asset of 22.85% is 1115.4% 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 Forval RealStraight and its competitors. For the Real Estate industry, the median Return-on-Tangible-Asset is 1.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forval RealStraight's current Return-on-Tangible-Asset is 22.85%, which is 108% above median its own 10-year median of 10.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forval RealStraight stock overvalued right now?
Based on GuruFocus' analysis, Forval RealStraight (TSE:9423) is currently considered Significantly Undervalued. The stock's GF Value™ is 円163.62, compared to a current price of 円104.00 — trading 36.4% below its estimated fair value. The current Return-on-Tangible-Asset is 22.85%, which is 108% above median its 10-year median of 10.97 and 1115.4% above the Real Estate industry median of 1.88. Forval RealStraight's overall GF Score™ is 80/100 with 3 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 Forval RealStraight (TSE:9423), the current Return-on-Tangible-Asset is 22.85% 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 Forval RealStraight (TSE:9423) Overvalued in 2026?
Based on GuruFocus' analysis, Forval RealStraight stock appears to be undervalued.
The current stock price of 円104.00 is trading 36.4% below its estimated GF Value™ of 円163.62.
GuruFocus considers Forval RealStraight to be Significantly Undervalued.
Key valuation signals for TSE:9423:
Return-on-Tangible-Asset: 22.85% (108% above median its 10-year median of 10.97)
GF Value™: 円163.62 vs. price of 円104.00 (36.4% below fair value)
Industry Position: 1115.4% above the Real Estate median (#102 of 1802)
No single metric tells the full story. See the TSE:9423 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Forval RealStraight Inc is a real estate service provider. The business of the company includes real estate brokerage, office relocation support services, and sales of OA communication equipment.
80GF Score
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