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San HoldingsTSE:9628 -3.06%79 Return-on-Tangible-Asset is 3.66% as of Sep. 2025, which is 39% below its 10-year median of 6.04. GuruFocus rates TSE:9628 with a GF Score™ of 79/100 and a GF Value™ of 円2,115.30 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 96 Personal Services companies, San Holdings ranks better than 72.92% 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. San Holdings's annualizedNet Income for the quarter that ended in Sep. 2025 was 円1,780 Mil. San Holdings's average total tangible assets for the quarter that ended in Sep. 2025 was 円48,581 Mil. Therefore, San Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2025 was 3.66%.
The historical rank and industry rank for San Holdings's Return-on-Tangible-Asset or its related term are showing as below:
TSE:9628'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.38 Med: 6.04 Max: 10.86
Current: 8.38
During the past 13 years, San Holdings's highest Return-on-Tangible-Asset was 10.86%. The lowest was 1.38%. And the median was 6.04%.
TSE:9628's Return-on-Tangible-Asset is ranked better than 72.92% of 96
companies
in the Personal Services industry
Industry Median: 2.48
vs TSE:9628: 8.38
San Holdings (TSE:9628) 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.
San Holdings Return-on-Tangible-Asset Related Terms
San Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for San Holdings'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:9628 vs ROL, SCI, HRB: Return-on-Tangible-Asset Comparison
For the Personal Services subindustry, San Holdings'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.
San Holdings Return-on-Tangible-Asset vs Personal Services Industry
For the Personal Services industry and Consumer Cyclical sector, San Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where San Holdings'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 two times the semi-annual (Sep. 2025) net income data.
What does a Return-on-Tangible-Asset of 3.66% mean?
San Holdings (TSE:9628) has a Return-on-Tangible-Asset of 3.66% as of Sep. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on San Holdings and its competitors. This is 39% below median its historical median of 6.04. Over the past decade, San Holdings' Return-on-Tangible-Asset has ranged from 1.38 to 10.86. According to the industry distribution chart, San Holdings ranks #26 out of 96 companies in the Personal Services industry, placing it in the top 27.1%.
Is San Holdings' Return-on-Tangible-Asset too high?
San Holdings' current Return-on-Tangible-Asset of 3.66% is 39% below median its 10-year median of 6.04. Over the past 10 years, this metric has ranged from a low of 1.38 to a high of 10.86. The Personal Services industry median Return-on-Tangible-Asset is 2.48. San Holdings' value of 3.66% is 47.6% above this industry median. Based on the distribution chart, San Holdings ranks #26 out of 96 companies in the Personal Services industry, which is above the industry midpoint. Overall, San Holdings has a GF Score™ of 79/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does San Holdings' Return-on-Tangible-Asset compare to ROL and SCI?
According to the Personal Services industry distribution chart, San Holdings ranks #26 out of 96 companies for Return-on-Tangible-Asset. This puts San Holdings in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.48. San Holdings' value of 3.66% is 47.6% above this benchmark. Historically, San Holdings' own Return-on-Tangible-Asset has ranged from 1.38 to 10.86 over the past decade. While the company's 10-year median is 6.04 vs. the industry median of 2.48, San Holdings 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 Personal Services company?
The median Return-on-Tangible-Asset among Personal Services companies is 2.48, based on 96 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. San Holdings's current Return-on-Tangible-Asset of 3.66% is 47.6% 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 San Holdings and its competitors. For the Personal Services industry, the median Return-on-Tangible-Asset is 2.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. San Holdings's current Return-on-Tangible-Asset is 3.66%, which is 39% below median its own 10-year median of 6.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is San Holdings stock overvalued right now?
Based on GuruFocus' analysis, San Holdings (TSE:9628) is currently considered Significantly Undervalued. The stock's GF Value™ is 円2,115.30, compared to a current price of 円1,364.00 — trading 35.5% below its estimated fair value. The current Return-on-Tangible-Asset is 3.66%, which is 39% below median its 10-year median of 6.04 and 47.6% above the Personal Services industry median of 2.48. San Holdings' overall GF Score™ is 79/100 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 San Holdings (TSE:9628), the current Return-on-Tangible-Asset is 3.66% as of Sep. 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 San Holdings (TSE:9628) Overvalued in 2026?
Based on GuruFocus' analysis, San Holdings stock appears to be undervalued.
The current stock price of 円1,364.00 is trading 35.5% below its estimated GF Value™ of 円2,115.30.
GuruFocus considers San Holdings to be Significantly Undervalued.
Key valuation signals for TSE:9628:
Return-on-Tangible-Asset: 3.66% (39% below median its 10-year median of 6.04)
GF Value™: 円2,115.30 vs. price of 円1,364.00 (35.5% below fair value)
Industry Position: 47.6% above the Personal Services median (#26 of 96)
No single metric tells the full story. See the TSE:9628 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
San Holdings Inc is a Japan-based holding company along with its subsidiaries the firm is engaged in funerary business. It arranges funerals and provides funerary services according to individual customers.
79GF Score
Get the complete analysis for TSE:9628
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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