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Nikken Kogaku CoTSE:9767 +0.60%72 Return-on-Tangible-Asset is 7.41% as of Mar. 2026, which is 85% above its 10-year median of 4.00. GuruFocus rates TSE:9767 with a GF Score™ of 72/100 and a GF Value™ of 円1,572.95 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,781 Construction companies, Nikken Kogaku Co ranks better than 58.79% 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. Nikken Kogaku Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円468 Mil. Nikken Kogaku Co's average total tangible assets for the quarter that ended in Mar. 2026 was 円6,316 Mil. Therefore, Nikken Kogaku Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 7.41%.
The historical rank and industry rank for Nikken Kogaku Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:9767'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -3.86 Med: 4 Max: 14.2
Current: 4.4
During the past 13 years, Nikken Kogaku Co's highest Return-on-Tangible-Asset was 14.20%. The lowest was -3.86%. And the median was 4.00%.
TSE:9767's Return-on-Tangible-Asset is ranked better than 58.79% of 1781
companies
in the Construction industry
Industry Median: 3.04
vs TSE:9767: 4.40
Nikken Kogaku Co (TSE:9767) 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.
Nikken Kogaku Co Return-on-Tangible-Asset Related Terms
Nikken Kogaku Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Nikken Kogaku 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:9767 vs TT, JCI, CARR: Return-on-Tangible-Asset Comparison
For the Building Products & Equipment subindustry, Nikken Kogaku 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.
Nikken Kogaku Co Return-on-Tangible-Asset vs Construction Industry
For the Construction industry and Industrials sector, Nikken Kogaku Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Nikken Kogaku 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 two times the semi-annual (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 7.41% mean?
Nikken Kogaku Co (TSE:9767) has a Return-on-Tangible-Asset of 7.41% 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 Nikken Kogaku Co and its competitors. This is 85% above median its historical median of 4.00. According to the industry distribution chart, Nikken Kogaku Co ranks #734 out of 1781 companies in the Construction industry, placing it in the top 41.2%.
Is Nikken Kogaku Co's Return-on-Tangible-Asset too high?
Nikken Kogaku Co's current Return-on-Tangible-Asset of 7.41% is 85% above median its 10-year median of 4.00. The Construction industry median Return-on-Tangible-Asset is 3.04. Nikken Kogaku Co's value of 7.41% is 143.8% above this industry median. Based on the distribution chart, Nikken Kogaku Co ranks #734 out of 1781 companies in the Construction industry, which is above the industry midpoint. Overall, Nikken Kogaku Co has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nikken Kogaku Co's Return-on-Tangible-Asset compare to TT and JCI?
According to the Construction industry distribution chart, Nikken Kogaku Co ranks #734 out of 1781 companies for Return-on-Tangible-Asset. This puts Nikken Kogaku Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.04. Nikken Kogaku Co's value of 7.41% is 143.8% above this benchmark. While the company's 10-year median is 4.00 vs. the industry median of 3.04, Nikken Kogaku 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 Construction company?
The median Return-on-Tangible-Asset among Construction companies is 3.04, based on 1,781 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. Nikken Kogaku Co's current Return-on-Tangible-Asset of 7.41% is 143.8% 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 Nikken Kogaku Co and its competitors. For the Construction industry, the median Return-on-Tangible-Asset is 3.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nikken Kogaku Co's current Return-on-Tangible-Asset is 7.41%, which is 85% above median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nikken Kogaku Co stock overvalued right now?
Based on GuruFocus' analysis, Nikken Kogaku Co (TSE:9767) is currently considered Fairly Valued. The stock's GF Value™ is 円1,572.95, compared to a current price of 円1,519.00 — trading 3.4% below its estimated fair value. The current Return-on-Tangible-Asset is 7.41%, which is 85% above median its 10-year median of 4.00 and 143.8% above the Construction industry median of 3.04. Nikken Kogaku Co's overall GF Score™ is 72/100 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 Nikken Kogaku Co (TSE:9767), the current Return-on-Tangible-Asset is 7.41% 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 Nikken Kogaku Co (TSE:9767) Overvalued in 2026?
Based on GuruFocus' analysis, Nikken Kogaku Co stock appears to be undervalued.
The current stock price of 円1,519.00 is trading 3.4% below its estimated GF Value™ of 円1,572.95.
GuruFocus considers Nikken Kogaku Co to be Fairly Valued.
Key valuation signals for TSE:9767:
Return-on-Tangible-Asset: 7.41% (85% above median its 10-year median of 4.00)
GF Value™: 円1,572.95 vs. price of 円1,519.00 (3.4% below fair value)
Industry Position: 143.8% above the Construction median (#734 of 1781)
No single metric tells the full story. See the TSE:9767 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nikken Kogaku Co Ltd develops a wide range of products and construction methods such as wave-blocking block, revetment block, natural stone construction method, and other civil engineering products. It primarily serves to the ministry of land, infrastructure, transport and tourism; local governments, construction companies, and construction consultants across Japan.
72GF Score
Get the complete analysis for TSE:9767
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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