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AsanumaTSE:1852 +1.52%57 Return-on-Tangible-Equity is 9.18% as of Mar. 2026, which is 18% below its 10-year median of 11.20. GuruFocus rates TSE:1852 with a GF Score™ of 57/100 and a GF Value™ of 円881.74 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,712 Construction companies, Asanuma ranks better than 60.86% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Asanuma's annualized net income for the quarter that ended in Mar. 2026 was 円4,222 Mil. Asanuma's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円45,981 Mil. Therefore, Asanuma's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 9.18%.
The historical rank and industry rank for Asanuma's Return-on-Tangible-Equity or its related term are showing as below:
TSE:1852'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 9.5 Med: 11.2 Max: 29.78
Current: 11.52
During the past 13 years, Asanuma's highest Return-on-Tangible-Equity was 29.78%. The lowest was 9.50%. And the median was 11.20%.
TSE:1852's Return-on-Tangible-Equity is ranked better than 60.86% of 1712
companies
in the Construction industry
Industry Median: 8.21
vs TSE:1852: 11.52
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Asanuma Return-on-Tangible-Equity Related Terms
Asanuma Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Asanuma's Return-on-Tangible-Equity 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:1852 vs PWR, FIX, EME: Return-on-Tangible-Equity Comparison
For the Engineering & Construction subindustry, Asanuma's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
Asanuma Return-on-Tangible-Equity vs Construction Industry
For the Construction industry and Industrials sector, Asanuma's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Asanuma's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 9.18% mean?
Asanuma (TSE:1852) has a Return-on-Tangible-Equity of 9.18% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Asanuma and its competitors. This is 18% below median its historical median of 11.20. Over the past decade, Asanuma's Return-on-Tangible-Equity has ranged from 9.50 to 29.78. According to the industry distribution chart, Asanuma ranks #670 out of 1712 companies in the Construction industry, placing it in the top 39.1%.
Is Asanuma's Return-on-Tangible-Equity too high?
Asanuma's current Return-on-Tangible-Equity of 9.18% is 18% below median its 10-year median of 11.20. Over the past 10 years, this metric has ranged from a low of 9.50 to a high of 29.78. The Construction industry median Return-on-Tangible-Equity is 8.21. Asanuma's value of 9.18% is 11.8% above this industry median. Based on the distribution chart, Asanuma ranks #670 out of 1712 companies in the Construction industry, which is above the industry midpoint. Overall, Asanuma has a GF Score™ of 57/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Asanuma's Return-on-Tangible-Equity compare to PWR and FIX?
According to the Construction industry distribution chart, Asanuma ranks #670 out of 1712 companies for Return-on-Tangible-Equity. This puts Asanuma in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.21. Asanuma's value of 9.18% is 11.8% above this benchmark. Historically, Asanuma's own Return-on-Tangible-Equity has ranged from 9.50 to 29.78 over the past decade. While the company's 10-year median is 11.20 vs. the industry median of 8.21, Asanuma 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-Equity for a Construction company?
The median Return-on-Tangible-Equity among Construction companies is 8.21, based on 1,712 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Asanuma's current Return-on-Tangible-Equity of 9.18% is 11.8% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Asanuma and its competitors. For the Construction industry, the median Return-on-Tangible-Equity is 8.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asanuma's current Return-on-Tangible-Equity is 9.18%, which is 18% below median its own 10-year median of 11.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asanuma stock overvalued right now?
Based on GuruFocus' analysis, Asanuma (TSE:1852) is currently considered Fairly Valued. The stock's GF Value™ is 円881.74, compared to a current price of 円867.00 — trading 1.7% below its estimated fair value. The current Return-on-Tangible-Equity is 9.18%, which is 18% below median its 10-year median of 11.20 and 11.8% above the Construction industry median of 8.21. Asanuma's overall GF Score™ is 57/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Asanuma (TSE:1852), the current Return-on-Tangible-Equity is 9.18% 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 Asanuma (TSE:1852) Overvalued in 2026?
Based on GuruFocus' analysis, Asanuma stock appears to be undervalued.
The current stock price of 円867.00 is trading 1.7% below its estimated GF Value™ of 円881.74.
GuruFocus considers Asanuma to be Fairly Valued.
Key valuation signals for TSE:1852:
Return-on-Tangible-Equity: 9.18% (18% below median its 10-year median of 11.20)
GF Value™: 円881.74 vs. price of 円867.00 (1.7% below fair value)
Industry Position: 11.8% above the Construction median (#670 of 1712)
No single metric tells the full story. See the TSE:1852 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asanuma Corp is a Japan-based company operating in the engineering and construction sector. The firm is mainly engaged in the planning, design, supervision, contracting and consulting work of construction work. It undertakes projects related to regional development, urban development, ocean development, environmental improvement public office buildings, medical and social welfare facilities, education and research facilities, waste disposal facilities, roads, railroads, ports, and airports. The company is also engaged in the design, manufacture, sale, and rental of machine tools and machinery for construction work, and real estate business.
57GF Score
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