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Hiroshima Gas CoTSE:9535 +0.23%62 Return-on-Tangible-Asset is 4.97% as of Mar. 2026, which is 120% above its 10-year median of 2.26. GuruFocus rates TSE:9535 with a GF Score™ of 62/100 and a GF Value™ of 円351.46 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,027 Oil & Gas companies, Hiroshima Gas Co ranks worse than 52.97% 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. Hiroshima Gas Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円6,420 Mil. Hiroshima Gas Co's average total tangible assets for the quarter that ended in Mar. 2026 was 円129,275 Mil. Therefore, Hiroshima Gas Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 4.97%.
The historical rank and industry rank for Hiroshima Gas Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:9535'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.26 Med: 2.26 Max: 5.48
Current: 1.66
During the past 13 years, Hiroshima Gas Co's highest Return-on-Tangible-Asset was 5.48%. The lowest was 1.26%. And the median was 2.26%.
TSE:9535's Return-on-Tangible-Asset is ranked worse than 52.97% of 1027
companies
in the Oil & Gas industry
Industry Median: 2.07
vs TSE:9535: 1.66
Hiroshima Gas Co (TSE:9535) 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.
Hiroshima Gas Co Return-on-Tangible-Asset Related Terms
Hiroshima Gas Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Hiroshima Gas 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.
TSE:9535 vs XOM, CVX: Return-on-Tangible-Asset Comparison
For the Oil & Gas Integrated subindustry, Hiroshima Gas 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.
Hiroshima Gas Co Return-on-Tangible-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Hiroshima Gas Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Hiroshima Gas 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 4.97% mean?
Hiroshima Gas Co (TSE:9535) has a Return-on-Tangible-Asset of 4.97% 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 Hiroshima Gas Co and its competitors. This is 120% above median its historical median of 2.26. Over the past decade, Hiroshima Gas Co's Return-on-Tangible-Asset has ranged from 1.26 to 5.48. According to the industry distribution chart, Hiroshima Gas Co ranks #544 out of 1027 companies in the Oil & Gas industry, placing it in the top 53%.
Is Hiroshima Gas Co's Return-on-Tangible-Asset too high?
Hiroshima Gas Co's current Return-on-Tangible-Asset of 4.97% is 120% above median its 10-year median of 2.26. Over the past 10 years, this metric has ranged from a low of 1.26 to a high of 5.48. The Oil & Gas industry median Return-on-Tangible-Asset is 2.07. Hiroshima Gas Co's value of 4.97% is 140.1% above this industry median. Based on the distribution chart, Hiroshima Gas Co ranks #544 out of 1027 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Hiroshima Gas 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 Hiroshima Gas Co's Return-on-Tangible-Asset compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Hiroshima Gas Co ranks #544 out of 1027 companies for Return-on-Tangible-Asset. This places Hiroshima Gas Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.07. Hiroshima Gas Co's value of 4.97% is 140.1% above this benchmark. Historically, Hiroshima Gas Co's own Return-on-Tangible-Asset has ranged from 1.26 to 5.48 over the past decade. While the company's 10-year median is 2.26 vs. the industry median of 2.07, Hiroshima Gas 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 an Oil & Gas company?
The median Return-on-Tangible-Asset among Oil & Gas companies is 2.07, based on 1,027 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. Hiroshima Gas Co's current Return-on-Tangible-Asset of 4.97% is 140.1% 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 Hiroshima Gas Co and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Asset is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hiroshima Gas Co's current Return-on-Tangible-Asset is 4.97%, which is 120% above median its own 10-year median of 2.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hiroshima Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Hiroshima Gas Co (TSE:9535) is currently considered Modestly Overvalued. The stock's GF Value™ is 円351.46, compared to a current price of 円428.00 — trading 21.8% above its estimated fair value. The current Return-on-Tangible-Asset is 4.97%, which is 120% above median its 10-year median of 2.26 and 140.1% above the Oil & Gas industry median of 2.07. Hiroshima Gas 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 Hiroshima Gas Co (TSE:9535), the current Return-on-Tangible-Asset is 4.97% 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 Hiroshima Gas Co (TSE:9535) Overvalued in 2026?
Based on GuruFocus' analysis, Hiroshima Gas Co stock appears to be overvalued.
The current stock price of 円428.00 is trading 21.8% above its estimated GF Value™ of 円351.46.
GuruFocus considers Hiroshima Gas Co to be Modestly Overvalued.
Key valuation signals for TSE:9535:
Return-on-Tangible-Asset: 4.97% (120% above median its 10-year median of 2.26)
GF Value™: 円351.46 vs. price of 円428.00 (21.8% above fair value)
Industry Position: 140.1% above the Oil & Gas median (#544 of 1027)
No single metric tells the full story. See the TSE:9535 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hiroshima Gas Co Ltd is a provider of gas in the Chugoku region of Japan. It engages in supply of gas business, sale of gas appliances, sales of liquefied natural gas, and electricity business. Its business segments include Gas business which includes production, supply and sale of city gas, wholesale supply of gas to other gas companies; LPG business includes sale of LPG, refilling of LPG tanks, sale of LPG devices and installation of LPG pipes, and Other activities include construction, engineering, installation of machinery, and information distribution.
62GF Score
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