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Keiyo Gas CoTSE:9539 -3.08%68 Return-on-Tangible-Asset is 0.00% as of Dec. 2025. GuruFocus rates TSE:9539 with a GF Score™ of 68/100 and a GF Value™ of 円889.47 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 510 Utilities - Regulated companies, Keiyo Gas Co ranks worse than 59.8% 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. Keiyo Gas Co's annualizedNet Income for the quarter that ended in Dec. 2025 was 円0 Mil. Keiyo Gas Co's average total tangible assets for the quarter that ended in Dec. 2025 was 円165,566 Mil. Therefore, Keiyo Gas Co's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 0.00%.
The historical rank and industry rank for Keiyo Gas Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:9539'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.16 Med: 2.67 Max: 4.42
Current: 2.73
During the past 13 years, Keiyo Gas Co's highest Return-on-Tangible-Asset was 4.42%. The lowest was 0.16%. And the median was 2.67%.
TSE:9539's Return-on-Tangible-Asset is ranked worse than 59.8% of 510
companies
in the Utilities - Regulated industry
Industry Median: 3.33
vs TSE:9539: 2.73
Keiyo Gas Co (TSE:9539) 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.
Keiyo Gas Co Return-on-Tangible-Asset Related Terms
Keiyo Gas Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Keiyo 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:9539 vs ATO, NI: Return-on-Tangible-Asset Comparison
For the Utilities - Regulated Gas subindustry, Keiyo 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.
Keiyo Gas Co Return-on-Tangible-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Keiyo Gas Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Keiyo 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 (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 0.00% mean?
Keiyo Gas Co (TSE:9539) has a Return-on-Tangible-Asset of 0.00% 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 Keiyo Gas Co and its competitors. Over the past decade, Keiyo Gas Co's Return-on-Tangible-Asset has ranged from 0.16 to 4.42. According to the industry distribution chart, Keiyo Gas Co ranks #305 out of 510 companies in the Utilities - Regulated industry, placing it in the top 59.8%.
Is Keiyo Gas Co's Return-on-Tangible-Asset too high?
Keiyo Gas Co's current Return-on-Tangible-Asset is 0.00%. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 4.42. Based on the distribution chart, Keiyo Gas Co ranks #305 out of 510 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Keiyo Gas Co has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Keiyo Gas Co's Return-on-Tangible-Asset compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Keiyo Gas Co ranks #305 out of 510 companies for Return-on-Tangible-Asset. This places Keiyo Gas Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.33. Historically, Keiyo Gas Co's own Return-on-Tangible-Asset has ranged from 0.16 to 4.42 over the past decade. 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 3.33, 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. 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 Keiyo Gas Co and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Asset is 3.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Keiyo Gas Co's current Return-on-Tangible-Asset is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Keiyo Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Keiyo Gas Co (TSE:9539) is currently considered Significantly Overvalued. The stock's GF Value™ is 円889.47, compared to a current price of 円1,385.00 — trading 55.7% above its estimated fair value. The current Return-on-Tangible-Asset is 0.00%. Keiyo Gas Co's overall GF Score™ is 68/100 with 7 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 Keiyo Gas Co (TSE:9539), the current Return-on-Tangible-Asset is 0.00% 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 Keiyo Gas Co (TSE:9539) Overvalued in 2026?
Based on GuruFocus' analysis, Keiyo Gas Co stock appears to be overvalued.
The current stock price of 円1,385.00 is trading 55.7% above its estimated GF Value™ of 円889.47.
GuruFocus considers Keiyo Gas Co to be Significantly Overvalued.
Key valuation signals for TSE:9539:
Return-on-Tangible-Asset: 0.00%
GF Value™: 円889.47 vs. price of 円1,385.00 (55.7% above fair value)
No single metric tells the full story. See the TSE:9539 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Keiyo Gas Co Ltd is engaged in gas business. The company produces, process and sells gas byproducts. It is also engaged in production, sales, rental, installation, repair, maintenance and management of gas appliances, kitchen equipment, water supply, and drainage equipment, air conditioning equipment and housing equipment.
68GF Score
Get the complete analysis for TSE:9539
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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