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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. Toyo Tec Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円-720 Mil. Toyo Tec Co's average total tangible assets for the quarter that ended in Mar. 2026 was 円36,851 Mil. Therefore, Toyo Tec Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -1.95%.
The historical rank and industry rank for Toyo Tec Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:9686'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.52 Med: 2.11 Max: 5.54
Current: 5.43
During the past 13 years, Toyo Tec Co's highest Return-on-Tangible-Asset was 5.54%. The lowest was 1.52%. And the median was 2.11%.
TSE:9686's Return-on-Tangible-Asset is ranked better than 58.2% of 1098
companies
in the Business Services industry
Industry Median: 3.975
vs TSE:9686: 5.43
Toyo Tec Co (TSE:9686) 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.
Toyo Tec Co Return-on-Tangible-Asset Related Terms
Toyo Tec Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Toyo Tec 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:9686 vs ALLE, MSA, ADT: Return-on-Tangible-Asset Comparison
For the Security & Protection Services subindustry, Toyo Tec 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.
Toyo Tec Co Return-on-Tangible-Asset vs Business Services Industry
For the Business Services industry and Industrials sector, Toyo Tec Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Toyo Tec 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 -1.95% mean?
Toyo Tec Co (TSE:9686) has a Return-on-Tangible-Asset of -1.95% 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 Toyo Tec Co and its competitors. Over the past decade, Toyo Tec Co's Return-on-Tangible-Asset has ranged from 1.52 to 5.54. According to the industry distribution chart, Toyo Tec Co ranks #459 out of 1098 companies in the Business Services industry, placing it in the top 41.8%.
Is Toyo Tec Co's Return-on-Tangible-Asset too high?
Toyo Tec Co's current Return-on-Tangible-Asset is -1.95%. Over the past 10 years, this metric has ranged from a low of 1.52 to a high of 5.54. Based on the distribution chart, Toyo Tec Co ranks #459 out of 1098 companies in the Business Services industry, which is above the industry midpoint. Overall, Toyo Tec Co has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Toyo Tec Co's Return-on-Tangible-Asset compare to ALLE and MSA?
According to the Business Services industry distribution chart, Toyo Tec Co ranks #459 out of 1098 companies for Return-on-Tangible-Asset. This puts Toyo Tec Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.98. Historically, Toyo Tec Co's own Return-on-Tangible-Asset has ranged from 1.52 to 5.54 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 a Business Services company?
The median Return-on-Tangible-Asset among Business Services companies is 3.98, based on 1,098 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 Toyo Tec Co and its competitors. For the Business Services industry, the median Return-on-Tangible-Asset is 3.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toyo Tec Co's current Return-on-Tangible-Asset is -1.95%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toyo Tec Co stock overvalued right now?
Based on GuruFocus' analysis, Toyo Tec Co (TSE:9686) is currently considered Fairly Valued. The stock's GF Value™ is 円1,735.09, compared to a current price of 円1,624.00 — trading 6.4% below its estimated fair value. The current Return-on-Tangible-Asset is -1.95%. Toyo Tec Co's overall GF Score™ is 78/100 with 2 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 Toyo Tec Co (TSE:9686), the current Return-on-Tangible-Asset is -1.95% 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 Toyo Tec Co (TSE:9686) Overvalued in 2026?
Based on GuruFocus' analysis, Toyo Tec Co stock appears to be undervalued.
The current stock price of 円1,624.00 is trading 6.4% below its estimated GF Value™ of 円1,735.09.
GuruFocus considers Toyo Tec Co to be Fairly Valued.
Key valuation signals for TSE:9686:
Return-on-Tangible-Asset: -1.95%
GF Value™: 円1,735.09 vs. price of 円1,624.00 (6.4% below fair value)
No single metric tells the full story. See the TSE:9686 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toyo Tec Co Ltd is engaged in security and protection services. The product line includes, Online security TEC alert system, Image monitoring service, TEC-G premier, Surveillance camera system, Entering and leaving management system, Facility security services, Transport security service, ATM management work, Crowd guard, and Face authentication system.
78GF Score
Get the complete analysis for TSE:9686
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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