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Saibu Gas Holdings CoTSE:9536 -1.57%42 Return-on-Tangible-Asset is 1.03% as of Mar. 2026, which is 30% below its 10-year median of 1.47. GuruFocus rates TSE:9536 with a GF Score™ of 42/100. The stock has 8 warning signs investors should review. Among 510 Utilities - Regulated companies, Saibu Gas Holdings Co ranks worse than 74.31% 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. Saibu Gas Holdings Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円4,636 Mil. Saibu Gas Holdings Co's average total tangible assets for the quarter that ended in Mar. 2026 was 円448,352 Mil. Therefore, Saibu Gas Holdings Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 1.03%.
The historical rank and industry rank for Saibu Gas Holdings Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:9536'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.13 Med: 1.47 Max: 3.29
Current: 1.98
During the past 13 years, Saibu Gas Holdings Co's highest Return-on-Tangible-Asset was 3.29%. The lowest was 0.13%. And the median was 1.47%.
TSE:9536's Return-on-Tangible-Asset is ranked worse than 74.31% of 510
companies
in the Utilities - Regulated industry
Industry Median: 3.315
vs TSE:9536: 1.98
Saibu Gas Holdings Co (TSE:9536) 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.
Saibu Gas Holdings Co Return-on-Tangible-Asset Related Terms
Saibu Gas Holdings Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Saibu Gas Holdings 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.
Saibu Gas Holdings Co Return-on-Tangible-Asset Chart
TSE:9536 vs ATO, NI: Return-on-Tangible-Asset Comparison
For the Utilities - Regulated Gas subindustry, Saibu Gas Holdings 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.
Saibu Gas Holdings Co Return-on-Tangible-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Saibu Gas Holdings Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Saibu Gas Holdings 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 1.03% mean?
Saibu Gas Holdings Co (TSE:9536) has a Return-on-Tangible-Asset of 1.03% 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 Saibu Gas Holdings Co and its competitors. This is 30% below median its historical median of 1.47. Over the past decade, Saibu Gas Holdings Co's Return-on-Tangible-Asset has ranged from 0.13 to 3.29. According to the industry distribution chart, Saibu Gas Holdings Co ranks #379 out of 510 companies in the Utilities - Regulated industry, placing it in the top 74.3%.
Is Saibu Gas Holdings Co's Return-on-Tangible-Asset too high?
Saibu Gas Holdings Co's current Return-on-Tangible-Asset of 1.03% is 30% below median its 10-year median of 1.47. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 3.29. The Utilities - Regulated industry median Return-on-Tangible-Asset is 3.32. Saibu Gas Holdings Co's value of 1.03% is 68.9% below this industry median. Based on the distribution chart, Saibu Gas Holdings Co ranks #379 out of 510 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Saibu Gas Holdings Co has a GF Score™ of 42/100, reflecting its overall financial health beyond just this single metric.
How does Saibu Gas Holdings Co's Return-on-Tangible-Asset compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Saibu Gas Holdings Co ranks #379 out of 510 companies for Return-on-Tangible-Asset. This places Saibu Gas Holdings Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.32. Saibu Gas Holdings Co's value of 1.03% is 68.9% below this benchmark. Historically, Saibu Gas Holdings Co's own Return-on-Tangible-Asset has ranged from 0.13 to 3.29 over the past decade. While the company's 10-year median is 1.47 vs. the industry median of 3.32, Saibu Gas Holdings Co 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 an Utilities - Regulated company?
The median Return-on-Tangible-Asset among Utilities - Regulated companies is 3.32, based on 510 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. Saibu Gas Holdings Co's current Return-on-Tangible-Asset of 1.03% is 68.9% 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 Saibu Gas Holdings Co and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Asset is 3.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Saibu Gas Holdings Co's current Return-on-Tangible-Asset is 1.03%, which is 30% below median its own 10-year median of 1.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saibu Gas Holdings Co stock overvalued right now?
Saibu Gas Holdings Co (TSE:9536) has a current Return-on-Tangible-Asset of 1.03%. The current Return-on-Tangible-Asset is 1.03%, which is 30% below median its 10-year median of 1.47 and 68.9% below the Utilities - Regulated industry median of 3.32. Saibu Gas Holdings Co's overall GF Score™ is 42/100 with 8 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 Saibu Gas Holdings Co (TSE:9536), the current Return-on-Tangible-Asset is 1.03% 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.
Saibu Gas Holdings Co Ltd is a Japanese natural gas utility that produces, supplies, and sells natural gas and petroleum products. The company segments its operations into gas, liquefied petroleum gas, real estate, and "other" business units. The company primarily distributes and sells natural gas and LPG in the Fukuoka and Kitakyushu areas in the northern part of the Japanese island of Kyushu. Saibu sells gas and liquefied natural gas products to a variety of utility and industrial customers through long-term agreements. The company also is involved in the heating, gas equipment, and photovoltaic power generation business through its other activities.
42GF Score
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