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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Nintendo CoWBO:NTO +1.59%66 Return-on-Tangible-Asset is 6.86% as of Mar. 2026, which is 48% below its 10-year median of 13.14. GuruFocus rates WBO:NTO with a GF Score™ of 66/100 and a GF Value™ of €67.57 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 568 Interactive Media companies, Nintendo Co ranks better than 79.58% 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. Nintendo Co's annualizedNet Income for the quarter that ended in Mar. 2026 was €1,422 Mil. Nintendo Co's average total tangible assets for the quarter that ended in Mar. 2026 was €20,733 Mil. Therefore, Nintendo Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 6.86%.
The historical rank and industry rank for Nintendo Co's Return-on-Tangible-Asset or its related term are showing as below:
WBO:NTO'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 7.48 Med: 13.14 Max: 22.08
Current: 11.77
During the past 13 years, Nintendo Co's highest Return-on-Tangible-Asset was 22.08%. The lowest was 7.48%. And the median was 13.14%.
WBO:NTO's Return-on-Tangible-Asset is ranked better than 79.58% of 568
companies
in the Interactive Media industry
Industry Median: 0.735
vs WBO:NTO: 11.77
Nintendo Co (WBO:NTO) 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.
Nintendo Co Return-on-Tangible-Asset Related Terms
Nintendo Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Nintendo 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.
WBO:NTO vs NTES, EA, TTWO: Return-on-Tangible-Asset Comparison
For the Electronic Gaming & Multimedia subindustry, Nintendo 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.
Nintendo Co Return-on-Tangible-Asset vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Nintendo Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Nintendo 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 6.86% mean?
Nintendo Co (WBO:NTO) has a Return-on-Tangible-Asset of 6.86% 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 Nintendo Co and its competitors. This is 48% below median its historical median of 13.14. Over the past decade, Nintendo Co's Return-on-Tangible-Asset has ranged from 7.48 to 22.08. According to the industry distribution chart, Nintendo Co ranks #116 out of 568 companies in the Interactive Media industry, placing it in the top 20.4%.
Is Nintendo Co's Return-on-Tangible-Asset too high?
Nintendo Co's current Return-on-Tangible-Asset of 6.86% is 48% below median its 10-year median of 13.14. Over the past 10 years, this metric has ranged from a low of 7.48 to a high of 22.08. The Interactive Media industry median Return-on-Tangible-Asset is 0.74. Nintendo Co's value of 6.86% is 833.3% above this industry median. Based on the distribution chart, Nintendo Co ranks #116 out of 568 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, Nintendo Co has a GF Score™ of 66/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Nintendo Co's Return-on-Tangible-Asset compare to NTES and EA?
According to the Interactive Media industry distribution chart, Nintendo Co ranks #116 out of 568 companies for Return-on-Tangible-Asset. This places Nintendo Co in the top 20% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 0.74. Nintendo Co's value of 6.86% is 833.3% above this benchmark. Historically, Nintendo Co's own Return-on-Tangible-Asset has ranged from 7.48 to 22.08 over the past decade. While the company's 10-year median is 13.14 vs. the industry median of 0.74, Nintendo 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 Interactive Media company?
The median Return-on-Tangible-Asset among Interactive Media companies is 0.74, based on 568 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. Nintendo Co's current Return-on-Tangible-Asset of 6.86% is 833.3% 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 Nintendo Co and its competitors. For the Interactive Media industry, the median Return-on-Tangible-Asset is 0.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nintendo Co's current Return-on-Tangible-Asset is 6.86%, which is 48% below median its own 10-year median of 13.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nintendo Co stock overvalued right now?
Based on GuruFocus' analysis, Nintendo Co (WBO:NTO) is currently considered Possible Value Trap. The stock's GF Value™ is €67.57, compared to a current price of €38.22 — trading 43.4% below its estimated fair value. The current Return-on-Tangible-Asset is 6.86%, which is 48% below median its 10-year median of 13.14 and 833.3% above the Interactive Media industry median of 0.74. Nintendo Co's overall GF Score™ is 66/100 with 3 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 Nintendo Co (WBO:NTO), the current Return-on-Tangible-Asset is 6.86% 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 Nintendo Co (WBO:NTO) Overvalued in 2026?
Based on GuruFocus' analysis, Nintendo Co stock appears to be undervalued.
The current stock price of €38.22 is trading 43.4% below its estimated GF Value™ of €67.57.
GuruFocus considers Nintendo Co to be Possible Value Trap.
Key valuation signals for WBO:NTO:
Return-on-Tangible-Asset: 6.86% (48% below median its 10-year median of 13.14)
GF Value™: €67.57 vs. price of €38.22 (43.4% below fair value)
Industry Position: 833.3% above the Interactive Media median (#116 of 568)
No single metric tells the full story. See the WBO:NTO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nintendo started its video game console business in 1983 by launching the NES, and started its portable console business in 1989 by launching the Game Boy. Since then, the firm has focused on expanding the gaming population by delivering unique entertainment experiences on its original console systems. However, Nintendo not only makes game consoles, but also owns world-renowned IPs such as Super Mario, Pokemon, and Zelda, which have been a source of cash flow for 40 years.
66GF Score
Get the complete analysis for WBO:NTO
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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