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Altech CoTSE:9972 -0.71%76 Return-on-Tangible-Asset is 3.97% as of May. 2026, which is 54% above its 10-year median of 2.58. GuruFocus rates TSE:9972 with a GF Score™ of 76/100 and a GF Value™ of 円258.44 (Fairly Valued). The stock has 8 warning signs investors should review. Among 3,078 Industrial Products companies, Altech Co ranks worse than 91.59% 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. Altech Co's annualizedNet Income for the quarter that ended in May. 2026 was 円602 Mil. Altech Co's average total tangible assets for the quarter that ended in May. 2026 was 円15,167 Mil. Therefore, Altech Co's annualized Return-on-Tangible-Asset for the quarter that ended in May. 2026 was 3.97%.
The historical rank and industry rank for Altech Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:9972'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -15.33 Med: 2.58 Max: 4.4
Current: -14.46
During the past 13 years, Altech Co's highest Return-on-Tangible-Asset was 4.40%. The lowest was -15.33%. And the median was 2.58%.
TSE:9972's Return-on-Tangible-Asset is ranked worse than 91.59% of 3078
companies
in the Industrial Products industry
Industry Median: 3.26
vs TSE:9972: -14.46
Altech Co (TSE:9972) 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.
Altech Co Return-on-Tangible-Asset Related Terms
Altech Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Altech 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:9972 vs GEV, ETN, PH: Return-on-Tangible-Asset Comparison
For the Specialty Industrial Machinery subindustry, Altech 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.
Altech Co Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Altech Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Altech 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 (May. 2026) net income data.
What does a Return-on-Tangible-Asset of 3.97% mean?
Altech Co (TSE:9972) has a Return-on-Tangible-Asset of 3.97% 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 Altech Co and its competitors. This is 54% above median its historical median of 2.58. According to the industry distribution chart, Altech Co ranks #2819 out of 3078 companies in the Industrial Products industry, placing it in the top 91.6%.
Is Altech Co's Return-on-Tangible-Asset too high?
Altech Co's current Return-on-Tangible-Asset of 3.97% is 54% above median its 10-year median of 2.58. The Industrial Products industry median Return-on-Tangible-Asset is 3.26. Altech Co's value of 3.97% is 21.8% above this industry median. Based on the distribution chart, Altech Co ranks #2819 out of 3078 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Altech Co has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Altech Co's Return-on-Tangible-Asset compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Altech Co ranks #2819 out of 3078 companies for Return-on-Tangible-Asset. This places Altech Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.26. Altech Co's value of 3.97% is 21.8% above this benchmark. While the company's 10-year median is 2.58 vs. the industry median of 3.26, Altech 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 Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.26, based on 3,078 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. Altech Co's current Return-on-Tangible-Asset of 3.97% is 21.8% 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 Altech Co and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Altech Co's current Return-on-Tangible-Asset is 3.97%, which is 54% above median its own 10-year median of 2.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Altech Co stock overvalued right now?
Based on GuruFocus' analysis, Altech Co (TSE:9972) is currently considered Fairly Valued. The stock's GF Value™ is 円258.44, compared to a current price of 円278.00 — trading 7.6% above its estimated fair value. The current Return-on-Tangible-Asset is 3.97%, which is 54% above median its 10-year median of 2.58 and 21.8% above the Industrial Products industry median of 3.26. Altech Co's overall GF Score™ is 76/100 with 8 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 Altech Co (TSE:9972), the current Return-on-Tangible-Asset is 3.97% 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 Altech Co (TSE:9972) Overvalued in 2026?
Based on GuruFocus' analysis, Altech Co stock appears to be overvalued.
The current stock price of 円278.00 is trading 7.6% above its estimated GF Value™ of 円258.44.
GuruFocus considers Altech Co to be Fairly Valued.
Key valuation signals for TSE:9972:
Return-on-Tangible-Asset: 3.97% (54% above median its 10-year median of 2.58)
GF Value™: 円258.44 vs. price of 円278.00 (7.6% above fair value)
Industry Position: 21.8% above the Industrial Products median (#2819 of 3078)
No single metric tells the full story. See the TSE:9972 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Altech Co Ltd is engaged in the trading business, which purchases and sells industrial machinery and equipment, and provides related services. It manufactures and sells preforms for PET bottles and plastic caps, and provides related services. Geographically, it operates in Japan, Asia, Americas, and Europe, of which Japan derives maximum revenue. The company's products include: Automotive-related, AV control systems, Printing, Container & Packaging, 3D Printers, Logistics & Supply Chain, Robotics, IC card/RFID tag systems, 5G/IoT inspection equipment, Plastic processing & extrusion equipment, Composite materials, Next-generation electronics, Nanotechnology, Food manufacturing & processing, Medical & pharmaceutical, Cosmetics, Chemical, Water treatment, and Beverage systems.
76GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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