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Kandal M VentureFMFC -1.00%21 Return-on-Tangible-Equity is 8.09% as of Sep. 2025, which is 89% below its 10-year median of 76.92. GuruFocus rates FMFC with a GF Score™ of 21/100. The stock has 2 warning signs investors should review. Among 1,014 Manufacturing - Apparel & Accessories companies, Kandal M Venture ranks worse than 85.01% 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. Kandal M Venture's annualized net income for the quarter that ended in Sep. 2025 was $0.34 Mil. Kandal M Venture's average shareholder tangible equity for the quarter that ended in Sep. 2025 was $4.18 Mil. Therefore, Kandal M Venture's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2025 was 8.09%.
The historical rank and industry rank for Kandal M Venture's Return-on-Tangible-Equity or its related term are showing as below:
FMFC'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -8.92 Med: 76.92 Max: 76.92
Current: -8.92
During the past 3 years, Kandal M Venture's highest Return-on-Tangible-Equity was 76.92%. The lowest was -8.92%. And the median was 76.92%.
FMFC's Return-on-Tangible-Equity is ranked worse than 85.01% of 1014
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.43
vs FMFC: -8.92
Kandal M Venture (NAS:FMFC) 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.
Kandal M Venture Return-on-Tangible-Equity Related Terms
Kandal M Venture Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Kandal M Venture'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.
FMFC vs AREB, NKE, DECK: Return-on-Tangible-Equity Comparison
For the Footwear & Accessories subindustry, Kandal M Venture'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.
Kandal M Venture Return-on-Tangible-Equity vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Kandal M Venture's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Kandal M Venture'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 (Sep. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 8.09% mean?
Kandal M Venture (FMFC) has a Return-on-Tangible-Equity of 8.09% as of Sep. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Kandal M Venture and its competitors. This is 89% below median its historical median of 76.92. According to the industry distribution chart, Kandal M Venture ranks #862 out of 1014 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 85%.
Is Kandal M Venture's Return-on-Tangible-Equity too high?
Kandal M Venture's current Return-on-Tangible-Equity of 8.09% is 89% below median its 10-year median of 76.92. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Equity is 4.43. Kandal M Venture's value of 8.09% is 82.6% above this industry median. Based on the distribution chart, Kandal M Venture ranks #862 out of 1014 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Kandal M Venture has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Kandal M Venture's Return-on-Tangible-Equity compare to AREB and NKE?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Kandal M Venture ranks #862 out of 1014 companies for Return-on-Tangible-Equity. This places Kandal M Venture in the lower half of its industry. The industry median Return-on-Tangible-Equity is 4.43. Kandal M Venture's value of 8.09% is 82.6% above this benchmark. While the company's 10-year median is 76.92 vs. the industry median of 4.43, Kandal M Venture 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 Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Equity among Manufacturing - Apparel & Accessories companies is 4.43, based on 1,014 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. Kandal M Venture's current Return-on-Tangible-Equity of 8.09% is 82.6% 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 Kandal M Venture and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Equity is 4.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kandal M Venture's current Return-on-Tangible-Equity is 8.09%, which is 89% below median its own 10-year median of 76.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kandal M Venture stock overvalued right now?
Kandal M Venture (FMFC) has a current Return-on-Tangible-Equity of 8.09%. The current Return-on-Tangible-Equity is 8.09%, which is 89% below median its 10-year median of 76.92 and 82.6% above the Manufacturing - Apparel & Accessories industry median of 4.43. Kandal M Venture's overall GF Score™ is 21/100 with 2 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 Kandal M Venture (FMFC), the current Return-on-Tangible-Equity is 8.09% as of Sep. 2025. 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.
Kandal M Venture Ltd is engaged in manufacturing affordable luxury leather goods. The company manufactures handbags, such as shoulder bags, crossbody bags, tote bags, backpacks, top-handle handbags, satchels, and other smaller leather goods, such as wallets. Geographically, the company derives maximum revenue from the United States, and it also has its presence in Europe, Canada, Japan, and Other countries.
21GF Score
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