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Watt Mann CoTSE:9927 68 Return-on-Tangible-Asset is 9.44% as of Mar. 2026, which is 33% above its 10-year median of 7.08. GuruFocus rates TSE:9927 with a GF Score™ of 68/100 and a GF Value™ of 円870.06 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,137 Retail - Cyclical companies, Watt Mann Co ranks better than 76.52% 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. Watt Mann Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円452 Mil. Watt Mann Co's average total tangible assets for the quarter that ended in Mar. 2026 was 円4,787 Mil. Therefore, Watt Mann Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 9.44%.
The historical rank and industry rank for Watt Mann Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:9927'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2.98 Med: 7.08 Max: 10.05
Current: 8.07
During the past 13 years, Watt Mann Co's highest Return-on-Tangible-Asset was 10.05%. The lowest was -2.98%. And the median was 7.08%.
TSE:9927's Return-on-Tangible-Asset is ranked better than 76.52% of 1137
companies
in the Retail - Cyclical industry
Industry Median: 2.93
vs TSE:9927: 8.07
Watt Mann Co (TSE:9927) 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.
Watt Mann Co Return-on-Tangible-Asset Related Terms
Watt Mann Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Watt Mann 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:9927 vs CASY, WSM, DKS: Return-on-Tangible-Asset Comparison
For the Specialty Retail subindustry, Watt Mann 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.
Watt Mann Co Return-on-Tangible-Asset vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Watt Mann Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Watt Mann 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 9.44% mean?
Watt Mann Co (TSE:9927) has a Return-on-Tangible-Asset of 9.44% 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 Watt Mann Co and its competitors. This is 33% above median its historical median of 7.08. According to the industry distribution chart, Watt Mann Co ranks #267 out of 1137 companies in the Retail - Cyclical industry, placing it in the top 23.5%.
Is Watt Mann Co's Return-on-Tangible-Asset too high?
Watt Mann Co's current Return-on-Tangible-Asset of 9.44% is 33% above median its 10-year median of 7.08. The Retail - Cyclical industry median Return-on-Tangible-Asset is 2.93. Watt Mann Co's value of 9.44% is 222.2% above this industry median. Based on the distribution chart, Watt Mann Co ranks #267 out of 1137 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Watt Mann Co has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Watt Mann Co's Return-on-Tangible-Asset compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Watt Mann Co ranks #267 out of 1137 companies for Return-on-Tangible-Asset. This places Watt Mann Co in the top 24% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.93. Watt Mann Co's value of 9.44% is 222.2% above this benchmark. While the company's 10-year median is 7.08 vs. the industry median of 2.93, Watt Mann 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 Retail - Cyclical company?
The median Return-on-Tangible-Asset among Retail - Cyclical companies is 2.93, based on 1,137 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. Watt Mann Co's current Return-on-Tangible-Asset of 9.44% is 222.2% 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 Watt Mann Co and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Asset is 2.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Watt Mann Co's current Return-on-Tangible-Asset is 9.44%, which is 33% above median its own 10-year median of 7.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Watt Mann Co stock overvalued right now?
Based on GuruFocus' analysis, Watt Mann Co (TSE:9927) is currently considered Modestly Overvalued. The stock's GF Value™ is 円870.06, compared to a current price of 円963.00 — trading 10.7% above its estimated fair value. The current Return-on-Tangible-Asset is 9.44%, which is 33% above median its 10-year median of 7.08 and 222.2% above the Retail - Cyclical industry median of 2.93. Watt Mann Co's overall GF Score™ is 68/100 with 5 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 Watt Mann Co (TSE:9927), the current Return-on-Tangible-Asset is 9.44% 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 Watt Mann Co (TSE:9927) Overvalued in 2026?
Based on GuruFocus' analysis, Watt Mann Co stock appears to be overvalued.
The current stock price of 円963.00 is trading 10.7% above its estimated GF Value™ of 円870.06.
GuruFocus considers Watt Mann Co to be Modestly Overvalued.
Key valuation signals for TSE:9927:
Return-on-Tangible-Asset: 9.44% (33% above median its 10-year median of 7.08)
GF Value™: 円870.06 vs. price of 円963.00 (10.7% above fair value)
Industry Position: 222.2% above the Retail - Cyclical median (#267 of 1137)
No single metric tells the full story. See the TSE:9927 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Watt Mann Co Ltd is a Japanese company engaged in operating a chain of retail stores offering second-hand products. It is engaged in the sale and purchase of brand products and accessories, furniture, interior products, clothing, sports products CDs, DVDs, videos and game software, among others. The company deals in three product categories, including clothing, consumer electronics and books.
68GF Score
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