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Step CoTSE:9795 +1.90%79 Return-on-Tangible-Asset is 6.89% as of Mar. 2026, which is 22% below its 10-year median of 8.82. GuruFocus rates TSE:9795 with a GF Score™ of 79/100 and a GF Value™ of 円2,364.95 (Fairly Valued). Among 265 Education companies, Step Co ranks better than 69.43% 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. Step Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円2,116 Mil. Step Co's average total tangible assets for the quarter that ended in Mar. 2026 was 円30,690 Mil. Therefore, Step Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 6.89%.
The historical rank and industry rank for Step Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:9795'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 5.5 Med: 8.82 Max: 9.44
Current: 9.09
During the past 13 years, Step Co's highest Return-on-Tangible-Asset was 9.44%. The lowest was 5.50%. And the median was 8.82%.
TSE:9795's Return-on-Tangible-Asset is ranked better than 69.43% of 265
companies
in the Education industry
Industry Median: 4.49
vs TSE:9795: 9.09
Step Co (TSE:9795) 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.
Step Co Return-on-Tangible-Asset Related Terms
Step Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Step 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:9795 vs EDU, TAL, LAUR: Return-on-Tangible-Asset Comparison
For the Education & Training Services subindustry, Step 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.
Step Co Return-on-Tangible-Asset vs Education Industry
For the Education industry and Consumer Defensive sector, Step Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Step 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 6.89% mean?
Step Co (TSE:9795) has a Return-on-Tangible-Asset of 6.89% 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 Step Co and its competitors. This is 22% below median its historical median of 8.82. Over the past decade, Step Co's Return-on-Tangible-Asset has ranged from 5.50 to 9.44. According to the industry distribution chart, Step Co ranks #81 out of 265 companies in the Education industry, placing it in the top 30.6%.
Is Step Co's Return-on-Tangible-Asset too high?
Step Co's current Return-on-Tangible-Asset of 6.89% is 22% below median its 10-year median of 8.82. Over the past 10 years, this metric has ranged from a low of 5.50 to a high of 9.44. The Education industry median Return-on-Tangible-Asset is 4.49. Step Co's value of 6.89% is 53.5% above this industry median. Based on the distribution chart, Step Co ranks #81 out of 265 companies in the Education industry, which is above the industry midpoint. Overall, Step Co has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Step Co's Return-on-Tangible-Asset compare to EDU and TAL?
According to the Education industry distribution chart, Step Co ranks #81 out of 265 companies for Return-on-Tangible-Asset. This puts Step Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 4.49. Step Co's value of 6.89% is 53.5% above this benchmark. Historically, Step Co's own Return-on-Tangible-Asset has ranged from 5.50 to 9.44 over the past decade. While the company's 10-year median is 8.82 vs. the industry median of 4.49, Step 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 an Education company?
The median Return-on-Tangible-Asset among Education companies is 4.49, based on 265 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. Step Co's current Return-on-Tangible-Asset of 6.89% is 53.5% 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 Step Co and its competitors. For the Education industry, the median Return-on-Tangible-Asset is 4.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Step Co's current Return-on-Tangible-Asset is 6.89%, which is 22% below median its own 10-year median of 8.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Step Co stock overvalued right now?
Based on GuruFocus' analysis, Step Co (TSE:9795) is currently considered Fairly Valued. The stock's GF Value™ is 円2,364.95, compared to a current price of 円2,250.00 — trading 4.9% below its estimated fair value. The current Return-on-Tangible-Asset is 6.89%, which is 22% below median its 10-year median of 8.82 and 53.5% above the Education industry median of 4.49. Step Co's overall GF Score™ is 79/100. 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 Step Co (TSE:9795), the current Return-on-Tangible-Asset is 6.89% 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 Step Co (TSE:9795) Overvalued in 2026?
Based on GuruFocus' analysis, Step Co stock appears to be undervalued.
The current stock price of 円2,250.00 is trading 4.9% below its estimated GF Value™ of 円2,364.95.
GuruFocus considers Step Co to be Fairly Valued.
Key valuation signals for TSE:9795:
Return-on-Tangible-Asset: 6.89% (22% below median its 10-year median of 8.82)
GF Value™: 円2,364.95 vs. price of 円2,250.00 (4.9% below fair value)
Industry Position: 53.5% above the Education median (#81 of 265)
No single metric tells the full story. See the TSE:9795 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Step Co Ltd is a Japan-based company engaged in the operation of private preparatory schools. The company operates cram schools and after-school care facilities, and produces and edits educational materials, as well as prints and binds books. The company is engaged in providing high school entrance exam preparation courses, Teaching Materials Research Division produces manuscripts and original plates for teaching materials, academic programs, physical education, and shogi (Japanese chess), and other activities.
79GF Score
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