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Nihon Denkei CoTSE:9908 +2.06%82 Return-on-Tangible-Asset is 8.45% as of Mar. 2026, which is 99% above its 10-year median of 4.24. GuruFocus rates TSE:9908 with a GF Score™ of 82/100 and a GF Value™ of 円2,543.98 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,092 Business Services companies, Nihon Denkei Co ranks better than 59.8% 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. Nihon Denkei Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円6,250 Mil. Nihon Denkei Co's average total tangible assets for the quarter that ended in Mar. 2026 was 円73,984 Mil. Therefore, Nihon Denkei Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 8.45%.
The historical rank and industry rank for Nihon Denkei Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:9908'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.86 Med: 4.24 Max: 6.01
Current: 6.01
During the past 13 years, Nihon Denkei Co's highest Return-on-Tangible-Asset was 6.01%. The lowest was 2.86%. And the median was 4.24%.
TSE:9908's Return-on-Tangible-Asset is ranked better than 59.8% of 1092
companies
in the Business Services industry
Industry Median: 4.295
vs TSE:9908: 6.01
Nihon Denkei Co (TSE:9908) 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.
Nihon Denkei Co Return-on-Tangible-Asset Related Terms
Nihon Denkei Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Nihon Denkei 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:9908 vs URI, SUNB, AER: Return-on-Tangible-Asset Comparison
For the Rental & Leasing Services subindustry, Nihon Denkei 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.
Nihon Denkei Co Return-on-Tangible-Asset vs Business Services Industry
For the Business Services industry and Industrials sector, Nihon Denkei Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Nihon Denkei 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 8.45% mean?
Nihon Denkei Co (TSE:9908) has a Return-on-Tangible-Asset of 8.45% 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 Nihon Denkei Co and its competitors. This is 99% above median its historical median of 4.24. Over the past decade, Nihon Denkei Co's Return-on-Tangible-Asset has ranged from 2.86 to 6.01. According to the industry distribution chart, Nihon Denkei Co ranks #439 out of 1092 companies in the Business Services industry, placing it in the top 40.2%.
Is Nihon Denkei Co's Return-on-Tangible-Asset too high?
Nihon Denkei Co's current Return-on-Tangible-Asset of 8.45% is 99% above median its 10-year median of 4.24. Over the past 10 years, this metric has ranged from a low of 2.86 to a high of 6.01. The Business Services industry median Return-on-Tangible-Asset is 4.30. Nihon Denkei Co's value of 8.45% is 96.7% above this industry median. Based on the distribution chart, Nihon Denkei Co ranks #439 out of 1092 companies in the Business Services industry, which is above the industry midpoint. Overall, Nihon Denkei Co has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nihon Denkei Co's Return-on-Tangible-Asset compare to URI and SUNB?
According to the Business Services industry distribution chart, Nihon Denkei Co ranks #439 out of 1092 companies for Return-on-Tangible-Asset. This puts Nihon Denkei Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 4.30. Nihon Denkei Co's value of 8.45% is 96.7% above this benchmark. Historically, Nihon Denkei Co's own Return-on-Tangible-Asset has ranged from 2.86 to 6.01 over the past decade. While the company's 10-year median is 4.24 vs. the industry median of 4.30, Nihon Denkei 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 4.30, based on 1,092 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. Nihon Denkei Co's current Return-on-Tangible-Asset of 8.45% is 96.7% 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 Nihon Denkei Co and its competitors. For the Business Services industry, the median Return-on-Tangible-Asset is 4.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nihon Denkei Co's current Return-on-Tangible-Asset is 8.45%, which is 99% above median its own 10-year median of 4.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nihon Denkei Co stock overvalued right now?
Based on GuruFocus' analysis, Nihon Denkei Co (TSE:9908) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,543.98, compared to a current price of 円2,871.00 — trading 12.9% above its estimated fair value. The current Return-on-Tangible-Asset is 8.45%, which is 99% above median its 10-year median of 4.24 and 96.7% above the Business Services industry median of 4.30. Nihon Denkei Co's overall GF Score™ is 82/100 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 Nihon Denkei Co (TSE:9908), the current Return-on-Tangible-Asset is 8.45% 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 Nihon Denkei Co (TSE:9908) Overvalued in 2026?
Based on GuruFocus' analysis, Nihon Denkei Co stock appears to be overvalued.
The current stock price of 円2,871.00 is trading 12.9% above its estimated GF Value™ of 円2,543.98.
GuruFocus considers Nihon Denkei Co to be Modestly Overvalued.
Key valuation signals for TSE:9908:
Return-on-Tangible-Asset: 8.45% (99% above median its 10-year median of 4.24)
GF Value™: 円2,543.98 vs. price of 円2,871.00 (12.9% above fair value)
Industry Position: 96.7% above the Business Services median (#439 of 1092)
No single metric tells the full story. See the TSE:9908 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nihon Denkei Co Ltd is engaged in the leasing and rental business of electronic measuring instruments, system equipment, electronic parts, and others. Its three reportable segments being Japan, China, and Other, including Southeast Asia. It derives maximum revenue from Japan.
82GF Score
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