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Nishio Holdings CoTSE:9699 +1.28%78 Return-on-Tangible-Asset is 8.69% as of Mar. 2026, which is 109% above its 10-year median of 4.16. GuruFocus rates TSE:9699 with a GF Score™ of 78/100 and a GF Value™ of 円4,789.71 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,094 Business Services companies, Nishio Holdings Co ranks better than 55.3% 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. Nishio Holdings Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円26,892 Mil. Nishio Holdings Co's average total tangible assets for the quarter that ended in Mar. 2026 was 円309,600 Mil. Therefore, Nishio Holdings Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 8.69%.
The historical rank and industry rank for Nishio Holdings Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:9699'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.98 Med: 4.16 Max: 5.43
Current: 4.98
During the past 13 years, Nishio Holdings Co's highest Return-on-Tangible-Asset was 5.43%. The lowest was 2.98%. And the median was 4.16%.
TSE:9699's Return-on-Tangible-Asset is ranked better than 55.3% of 1094
companies
in the Business Services industry
Industry Median: 3.98
vs TSE:9699: 4.98
Nishio Holdings Co (TSE:9699) 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.
Nishio Holdings Co Return-on-Tangible-Asset Related Terms
Nishio Holdings Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Nishio 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.
TSE:9699 vs URI, SUNB, AER: Return-on-Tangible-Asset Comparison
For the Rental & Leasing Services subindustry, Nishio 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.
Nishio Holdings Co Return-on-Tangible-Asset vs Business Services Industry
For the Business Services industry and Industrials sector, Nishio Holdings Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Nishio 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 8.69% mean?
Nishio Holdings Co (TSE:9699) has a Return-on-Tangible-Asset of 8.69% 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 Nishio Holdings Co and its competitors. This is 109% above median its historical median of 4.16. Over the past decade, Nishio Holdings Co's Return-on-Tangible-Asset has ranged from 2.98 to 5.43. According to the industry distribution chart, Nishio Holdings Co ranks #489 out of 1094 companies in the Business Services industry, placing it in the top 44.7%.
Is Nishio Holdings Co's Return-on-Tangible-Asset too high?
Nishio Holdings Co's current Return-on-Tangible-Asset of 8.69% is 109% above median its 10-year median of 4.16. Over the past 10 years, this metric has ranged from a low of 2.98 to a high of 5.43. The Business Services industry median Return-on-Tangible-Asset is 3.98. Nishio Holdings Co's value of 8.69% is 118.3% above this industry median. Based on the distribution chart, Nishio Holdings Co ranks #489 out of 1094 companies in the Business Services industry, which is above the industry midpoint. Overall, Nishio Holdings 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 Nishio Holdings Co's Return-on-Tangible-Asset compare to URI and SUNB?
According to the Business Services industry distribution chart, Nishio Holdings Co ranks #489 out of 1094 companies for Return-on-Tangible-Asset. This puts Nishio Holdings Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.98. Nishio Holdings Co's value of 8.69% is 118.3% above this benchmark. Historically, Nishio Holdings Co's own Return-on-Tangible-Asset has ranged from 2.98 to 5.43 over the past decade. While the company's 10-year median is 4.16 vs. the industry median of 3.98, Nishio Holdings 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 a Business Services company?
The median Return-on-Tangible-Asset among Business Services companies is 3.98, based on 1,094 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. Nishio Holdings Co's current Return-on-Tangible-Asset of 8.69% is 118.3% 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 Nishio Holdings 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. Nishio Holdings Co's current Return-on-Tangible-Asset is 8.69%, which is 109% above median its own 10-year median of 4.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nishio Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Nishio Holdings Co (TSE:9699) is currently considered Fairly Valued. The stock's GF Value™ is 円4,789.71, compared to a current price of 円4,350.00 — trading 9.2% below its estimated fair value. The current Return-on-Tangible-Asset is 8.69%, which is 109% above median its 10-year median of 4.16 and 118.3% above the Business Services industry median of 3.98. Nishio Holdings Co's overall GF Score™ is 78/100 with 1 warning sign 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 Nishio Holdings Co (TSE:9699), the current Return-on-Tangible-Asset is 8.69% 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 Nishio Holdings Co (TSE:9699) Overvalued in 2026?
Based on GuruFocus' analysis, Nishio Holdings Co stock appears to be undervalued.
The current stock price of 円4,350.00 is trading 9.2% below its estimated GF Value™ of 円4,789.71.
GuruFocus considers Nishio Holdings Co to be Fairly Valued.
Key valuation signals for TSE:9699:
Return-on-Tangible-Asset: 8.69% (109% above median its 10-year median of 4.16)
GF Value™: 円4,789.71 vs. price of 円4,350.00 (9.2% below fair value)
Industry Position: 118.3% above the Business Services median (#489 of 1094)
No single metric tells the full story. See the TSE:9699 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nishio Holdings Co Ltd is a provider of rental construction and industrial machinery. The company offers rental solutions for construction and industrial machinery, mounting and tunnelling machines for mining operations, and water purification and recycling equipment. The company, through its subsidiaries, also designs, manufactures, and repairs tunnelling machines and other special vehicles, such as special transfer locomotives and battery-driven vehicles at construction sites. The company operates in Asia.
78GF Score
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