Elecom CoELCMF 89 Return-on-Tangible-Equity is 17.99% as of Mar. 2026, which is 5% above its 10-year median of 17.12. GuruFocus rates ELCMF with a GF Score™ of 89/100 and a GF Value™ of $11.51. The stock has 3 warning signs investors should review. Among 2,376 Hardware companies, Elecom Co ranks better than 88.64% 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. Elecom Co's annualized net income for the quarter that ended in Mar. 2026 was $117.6 Mil. Elecom Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $654.1 Mil. Therefore, Elecom Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 17.99%.
The historical rank and industry rank for Elecom Co's Return-on-Tangible-Equity or its related term are showing as below:
ELCMF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 10.24 Med: 17.12 Max: 27.35
Current: 22.68
During the past 13 years, Elecom Co's highest Return-on-Tangible-Equity was 27.35%. The lowest was 10.24%. And the median was 17.12%.
ELCMF's Return-on-Tangible-Equity is ranked better than 88.64% of 2376
companies
in the Hardware industry
Industry Median: 5.265
vs ELCMF: 22.68
Elecom Co (OTCPK:ELCMF) 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.
Elecom Co Return-on-Tangible-Equity Related Terms
Elecom Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Elecom Co'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.
ELCMF vs SNDK, DELL, STX: Return-on-Tangible-Equity Comparison
For the Computer Hardware subindustry, Elecom 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.
Elecom Co Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Elecom Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Elecom 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 four times the quarterly (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 17.99% mean?
Elecom Co (ELCMF) has a Return-on-Tangible-Equity of 17.99% 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 Elecom Co and its competitors. This is near median its historical median of 17.12. Over the past decade, Elecom Co's Return-on-Tangible-Equity has ranged from 10.24 to 27.35. According to the industry distribution chart, Elecom Co ranks #270 out of 2376 companies in the Hardware industry, placing it in the top 11.4%.
Is Elecom Co's Return-on-Tangible-Equity too high?
Elecom Co's current Return-on-Tangible-Equity of 17.99% is near median its 10-year median of 17.12. Over the past 10 years, this metric has ranged from a low of 10.24 to a high of 27.35. The Hardware industry median Return-on-Tangible-Equity is 5.27. Elecom Co's value of 17.99% is 241.7% above this industry median. Based on the distribution chart, Elecom Co ranks #270 out of 2376 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Elecom Co has a GF Score™ of 89/100, reflecting its overall financial health beyond just this single metric.
How does Elecom Co's Return-on-Tangible-Equity compare to SNDK and DELL?
According to the Hardware industry distribution chart, Elecom Co ranks #270 out of 2376 companies for Return-on-Tangible-Equity. This places Elecom Co in the top 11% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.27. Elecom Co's value of 17.99% is 241.7% above this benchmark. Historically, Elecom Co's own Return-on-Tangible-Equity has ranged from 10.24 to 27.35 over the past decade. While the company's 10-year median is 17.12 vs. the industry median of 5.27, Elecom 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 Hardware company?
The median Return-on-Tangible-Equity among Hardware companies is 5.27, based on 2,376 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. Elecom Co's current Return-on-Tangible-Equity of 17.99% is 241.7% 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 Elecom Co and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elecom Co's current Return-on-Tangible-Equity is 17.99%, which is near median its own 10-year median of 17.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elecom Co stock overvalued right now?
Elecom Co (ELCMF) has a current Return-on-Tangible-Equity of 17.99%. The stock's GF Value™ is $11.51, compared to a current price of $10.15 — trading 11.8% below its estimated fair value. The current Return-on-Tangible-Equity is 17.99%, which is near median its 10-year median of 17.12 and 241.7% above the Hardware industry median of 5.27. Elecom Co's overall GF Score™ is 89/100 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 Elecom Co (ELCMF), the current Return-on-Tangible-Equity is 17.99% 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 Elecom Co (ELCMF) Overvalued in 2026?
Based on GuruFocus' analysis, Elecom Co stock appears to be undervalued.
The current stock price of $10.15 is trading 11.8% below its estimated GF Value™ of $11.51.
Key valuation signals for ELCMF:
Return-on-Tangible-Equity: 17.99% (near median its 10-year median of 17.12)
GF Value™: $11.51 vs. price of $10.15 (11.8% below fair value)
Industry Position: 241.7% above the Hardware median (#270 of 2376)
No single metric tells the full story. See the ELCMF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Elecom Co Ltd is a Japan-based company which is engaged in the development, manufacture and sale of personal computer- and digital-equipment-related products through its subsidiaries. Its products portfolio includes personal computers, smartphones, televisions, digital photo frames, batteries, weight scales, digital cameras, digital video cameras, electronic dictionaries, speakers, game machines, light-emitting diode (LED) lighting devices, and others. The company also supplies peripherals, I/O devices, and PC accessories, such as mouse pads, mice and keyboards.
89GF Score
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