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Zaoh CoTSE:9986 +0.20%79 Return-on-Tangible-Asset is 6.74% as of Mar. 2026, which is 15% above its 10-year median of 5.84. GuruFocus rates TSE:9986 with a GF Score™ of 79/100 and a GF Value™ of 円2,389.68 (Fairly Valued). The stock has 4 warning signs investors should review. Among 158 Industrial Distribution companies, Zaoh Co ranks better than 54.43% 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. Zaoh Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円1,006 Mil. Zaoh Co's average total tangible assets for the quarter that ended in Mar. 2026 was 円14,914 Mil. Therefore, Zaoh Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 6.74%.
The historical rank and industry rank for Zaoh Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:9986'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.21 Med: 5.84 Max: 8.29
Current: 4.87
During the past 13 years, Zaoh Co's highest Return-on-Tangible-Asset was 8.29%. The lowest was 4.21%. And the median was 5.84%.
TSE:9986's Return-on-Tangible-Asset is ranked better than 54.43% of 158
companies
in the Industrial Distribution industry
Industry Median: 4.2
vs TSE:9986: 4.87
Zaoh Co (TSE:9986) 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.
Zaoh Co Return-on-Tangible-Asset Related Terms
Zaoh Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Zaoh 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:9986 vs GWW, FAST, FERG: Return-on-Tangible-Asset Comparison
For the Industrial Distribution subindustry, Zaoh 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.
Zaoh Co Return-on-Tangible-Asset vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Zaoh Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Zaoh 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 6.74% mean?
Zaoh Co (TSE:9986) has a Return-on-Tangible-Asset of 6.74% 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 Zaoh Co and its competitors. This is 15% above median its historical median of 5.84. Over the past decade, Zaoh Co's Return-on-Tangible-Asset has ranged from 4.21 to 8.29. According to the industry distribution chart, Zaoh Co ranks #72 out of 158 companies in the Industrial Distribution industry, placing it in the top 45.6%.
Is Zaoh Co's Return-on-Tangible-Asset too high?
Zaoh Co's current Return-on-Tangible-Asset of 6.74% is 15% above median its 10-year median of 5.84. Over the past 10 years, this metric has ranged from a low of 4.21 to a high of 8.29. The Industrial Distribution industry median Return-on-Tangible-Asset is 4.20. Zaoh Co's value of 6.74% is 60.5% above this industry median. Based on the distribution chart, Zaoh Co ranks #72 out of 158 companies in the Industrial Distribution industry, which is above the industry midpoint. Overall, Zaoh 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 Zaoh Co's Return-on-Tangible-Asset compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Zaoh Co ranks #72 out of 158 companies for Return-on-Tangible-Asset. This puts Zaoh Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 4.20. Zaoh Co's value of 6.74% is 60.5% above this benchmark. Historically, Zaoh Co's own Return-on-Tangible-Asset has ranged from 4.21 to 8.29 over the past decade. While the company's 10-year median is 5.84 vs. the industry median of 4.20, Zaoh 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 Distribution company?
The median Return-on-Tangible-Asset among Industrial Distribution companies is 4.20, based on 158 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. Zaoh Co's current Return-on-Tangible-Asset of 6.74% is 60.5% 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 Zaoh Co and its competitors. For the Industrial Distribution industry, the median Return-on-Tangible-Asset is 4.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zaoh Co's current Return-on-Tangible-Asset is 6.74%, which is 15% above median its own 10-year median of 5.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zaoh Co stock overvalued right now?
Based on GuruFocus' analysis, Zaoh Co (TSE:9986) is currently considered Fairly Valued. The stock's GF Value™ is 円2,389.68, compared to a current price of 円2,525.00 — trading 5.7% above its estimated fair value. The current Return-on-Tangible-Asset is 6.74%, which is 15% above median its 10-year median of 5.84 and 60.5% above the Industrial Distribution industry median of 4.20. Zaoh Co's overall GF Score™ is 79/100 with 4 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 Zaoh Co (TSE:9986), the current Return-on-Tangible-Asset is 6.74% 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 Zaoh Co (TSE:9986) Overvalued in 2026?
Based on GuruFocus' analysis, Zaoh Co stock appears to be overvalued.
The current stock price of 円2,525.00 is trading 5.7% above its estimated GF Value™ of 円2,389.68.
GuruFocus considers Zaoh Co to be Fairly Valued.
Key valuation signals for TSE:9986:
Return-on-Tangible-Asset: 6.74% (15% above median its 10-year median of 5.84)
GF Value™: 円2,389.68 vs. price of 円2,525.00 (5.7% above fair value)
Industry Position: 60.5% above the Industrial Distribution median (#72 of 158)
No single metric tells the full story. See the TSE:9986 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zaoh Co Ltd is engaged in the business of dealing with industrial and professional cleaning equipment. Its main business activity is to import cleaning and washing equipment for commercial, industrial, and consumer use from various manufacturers, mainly in Europe, the United States, and China, and to sell them throughout Japan. The company's product portfolio comprises power sweepers, vacuum cleaners, carpet cleaners, ironized water generators, water purifiers, steam cleaners, etc.
79GF Score
Get the complete analysis for TSE:9986
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