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Arcs CoTSE:9948 -3.08%80 Return-on-Tangible-Asset is 3.88% as of May. 2026, which is 12% below its 10-year median of 4.41. GuruFocus rates TSE:9948 with a GF Score™ of 80/100 and a GF Value™ of 円3,176.68 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 1,137 Retail - Cyclical companies, Arcs Co ranks better than 58.4% 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. Arcs Co's annualizedNet Income for the quarter that ended in May. 2026 was 円11,524 Mil. Arcs Co's average total tangible assets for the quarter that ended in May. 2026 was 円297,291 Mil. Therefore, Arcs Co's annualized Return-on-Tangible-Asset for the quarter that ended in May. 2026 was 3.88%.
The historical rank and industry rank for Arcs Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:9948'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.16 Med: 4.41 Max: 5.65
Current: 4.3
During the past 13 years, Arcs Co's highest Return-on-Tangible-Asset was 5.65%. The lowest was 3.16%. And the median was 4.41%.
TSE:9948's Return-on-Tangible-Asset is ranked better than 58.4% of 1137
companies
in the Retail - Cyclical industry
Industry Median: 2.93
vs TSE:9948: 4.30
Arcs Co (TSE:9948) 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.
Arcs Co Return-on-Tangible-Asset Related Terms
Arcs Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Arcs 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:9948 vs DDS: Return-on-Tangible-Asset Comparison
For the Department Stores subindustry, Arcs 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.
Arcs Co Return-on-Tangible-Asset vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Arcs Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Arcs 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 (May. 2026) net income data.
What does a Return-on-Tangible-Asset of 3.88% mean?
Arcs Co (TSE:9948) has a Return-on-Tangible-Asset of 3.88% as of May. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Arcs Co and its competitors. This is 12% below median its historical median of 4.41. Over the past decade, Arcs Co's Return-on-Tangible-Asset has ranged from 3.16 to 5.65. According to the industry distribution chart, Arcs Co ranks #473 out of 1137 companies in the Retail - Cyclical industry, placing it in the top 41.6%.
Is Arcs Co's Return-on-Tangible-Asset too high?
Arcs Co's current Return-on-Tangible-Asset of 3.88% is 12% below median its 10-year median of 4.41. Over the past 10 years, this metric has ranged from a low of 3.16 to a high of 5.65. The Retail - Cyclical industry median Return-on-Tangible-Asset is 2.93. Arcs Co's value of 3.88% is 32.4% above this industry median. Based on the distribution chart, Arcs Co ranks #473 out of 1137 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Arcs Co has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Arcs Co's Return-on-Tangible-Asset compare to DDS?
According to the Retail - Cyclical industry distribution chart, Arcs Co ranks #473 out of 1137 companies for Return-on-Tangible-Asset. This puts Arcs Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.93. Arcs Co's value of 3.88% is 32.4% above this benchmark. Historically, Arcs Co's own Return-on-Tangible-Asset has ranged from 3.16 to 5.65 over the past decade. While the company's 10-year median is 4.41 vs. the industry median of 2.93, Arcs 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. Arcs Co's current Return-on-Tangible-Asset of 3.88% is 32.4% 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 Arcs 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. Arcs Co's current Return-on-Tangible-Asset is 3.88%, which is 12% below median its own 10-year median of 4.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arcs Co stock overvalued right now?
Based on GuruFocus' analysis, Arcs Co (TSE:9948) is currently considered Modestly Overvalued. The stock's GF Value™ is 円3,176.68, compared to a current price of 円3,615.00 — trading 13.8% above its estimated fair value. The current Return-on-Tangible-Asset is 3.88%, which is 12% below median its 10-year median of 4.41 and 32.4% above the Retail - Cyclical industry median of 2.93. Arcs Co's overall GF Score™ is 80/100 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 Arcs Co (TSE:9948), the current Return-on-Tangible-Asset is 3.88% as of May. 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 Arcs Co (TSE:9948) Overvalued in 2026?
Based on GuruFocus' analysis, Arcs Co stock appears to be overvalued.
The current stock price of 円3,615.00 is trading 13.8% above its estimated GF Value™ of 円3,176.68.
GuruFocus considers Arcs Co to be Modestly Overvalued.
Key valuation signals for TSE:9948:
Return-on-Tangible-Asset: 3.88% (12% below median its 10-year median of 4.41)
GF Value™: 円3,176.68 vs. price of 円3,615.00 (13.8% above fair value)
Industry Position: 32.4% above the Retail - Cyclical median (#473 of 1137)
No single metric tells the full story. See the TSE:9948 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Arcs Co Ltd is a Japan-based company principally engaged in the supermarket business. The company also operates other businesses through subsidiaries, including tourism, building maintenance, real estate leasing, property and casualty insurance, life insurance agency, wholesale, food manufacturing, industrial and general waste collection, and construction businesses. The group operates in a single segment related to retail.
80GF Score
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