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Nippon Ski Resort Development CoTSE:6040 +0.57%80 Return-on-Tangible-Equity is 12.95% as of Jan. 2026, which is 95% above its 10-year median of 6.64. GuruFocus rates TSE:6040 with a GF Score™ of 80/100 and a GF Value™ of 円569.09 (Fairly Valued). The stock has 3 warning signs investors should review. Among 795 Travel & Leisure companies, Nippon Ski Resort Development Co ranks better than 69.81% on this metric.
The historical rank and industry rank for Nippon Ski Resort Development Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:6040'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -9.07 Med: 6.64 Max: 21.41
Current: 16.9
During the past 12 years, Nippon Ski Resort Development Co's highest Return-on-Tangible-Equity was 21.41%. The lowest was -9.07%. And the median was 6.64%.
TSE:6040's Return-on-Tangible-Equity is ranked better than 69.81% of 795
companies
in the Travel & Leisure industry
Industry Median: 7.71
vs TSE:6040: 16.90
Nippon Ski Resort Development Co (TSE:6040) Return-on-Tangible-Equity Explanation
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.
Nippon Ski Resort Development Co Return-on-Tangible-Equity Related Terms
Nippon Ski Resort Development Co Return-on-Tangible-Equity Historical Data
* 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.
Nippon Ski Resort Development Co Return-on-Tangible-Equity Chart
TSE:6040 vs LVS, MGM, WYNN: Return-on-Tangible-Equity Comparison
For the Resorts & Casinos subindustry, Nippon Ski Resort Development Co'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.
Nippon Ski Resort Development Co Return-on-Tangible-Equity vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Nippon Ski Resort Development Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Nippon Ski Resort Development Co'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 (Jan. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 12.95% mean?
Nippon Ski Resort Development Co (TSE:6040) has a Return-on-Tangible-Equity of 12.95% as of Jan. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Nippon Ski Resort Development Co and its competitors. This is 95% above median its historical median of 6.64. According to the industry distribution chart, Nippon Ski Resort Development Co ranks #240 out of 795 companies in the Travel & Leisure industry, placing it in the top 30.2%.
Is Nippon Ski Resort Development Co's Return-on-Tangible-Equity too high?
Nippon Ski Resort Development Co's current Return-on-Tangible-Equity of 12.95% is 95% above median its 10-year median of 6.64. The Travel & Leisure industry median Return-on-Tangible-Equity is 7.71. Nippon Ski Resort Development Co's value of 12.95% is 68% above this industry median. Based on the distribution chart, Nippon Ski Resort Development Co ranks #240 out of 795 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Nippon Ski Resort Development Co has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nippon Ski Resort Development Co's Return-on-Tangible-Equity compare to LVS and MGM?
According to the Travel & Leisure industry distribution chart, Nippon Ski Resort Development Co ranks #240 out of 795 companies for Return-on-Tangible-Equity. This puts Nippon Ski Resort Development Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.71. Nippon Ski Resort Development Co's value of 12.95% is 68% above this benchmark. While the company's 10-year median is 6.64 vs. the industry median of 7.71, Nippon Ski Resort Development 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-Equity for a Travel & Leisure company?
The median Return-on-Tangible-Equity among Travel & Leisure companies is 7.71, based on 795 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. Nippon Ski Resort Development Co's current Return-on-Tangible-Equity of 12.95% is 68% 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 Nippon Ski Resort Development Co and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Equity is 7.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Ski Resort Development Co's current Return-on-Tangible-Equity is 12.95%, which is 95% above median its own 10-year median of 6.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Ski Resort Development Co stock overvalued right now?
Based on GuruFocus' analysis, Nippon Ski Resort Development Co (TSE:6040) is currently considered Fairly Valued. The stock's GF Value™ is 円569.09, compared to a current price of 円526.00 — trading 7.6% below its estimated fair value. The current Return-on-Tangible-Equity is 12.95%, which is 95% above median its 10-year median of 6.64 and 68% above the Travel & Leisure industry median of 7.71. Nippon Ski Resort Development Co's overall GF Score™ is 80/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Nippon Ski Resort Development Co (TSE:6040), the current Return-on-Tangible-Equity is 12.95% as of Jan. 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 Nippon Ski Resort Development Co (TSE:6040) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Ski Resort Development Co stock appears to be undervalued.
The current stock price of 円526.00 is trading 7.6% below its estimated GF Value™ of 円569.09.
GuruFocus considers Nippon Ski Resort Development Co to be Fairly Valued.
Key valuation signals for TSE:6040:
Return-on-Tangible-Equity: 12.95% (95% above median its 10-year median of 6.64)
GF Value™: 円569.09 vs. price of 円526.00 (7.6% below fair value)
Industry Position: 68% above the Travel & Leisure median (#240 of 795)
No single metric tells the full story. See the TSE:6040 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Ski Resort Development Co Business Description
Nippon Ski Resort Development Co Ltd engages in the management and operation of ski resorts, and relevant facilities and services. It also provides consulting and advisory services on ski resorts, including technical support, business support, rental business support, and other services.
80GF Score
Get the complete analysis for TSE:6040
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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