Furuno Electric CoFNOEF 78 Return-on-Tangible-Equity is 17.31% as of Feb. 2026, which is 107% above its 10-year median of 8.37. GuruFocus rates FNOEF with a GF Score™ of 78/100 and a GF Value™ of $19.11. The stock has 1 warning sign investors should review. Among 2,377 Hardware companies, Furuno Electric Co ranks better than 88.98% 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. Furuno Electric Co's annualized net income for the quarter that ended in Feb. 2026 was $88.3 Mil. Furuno Electric Co's average shareholder tangible equity for the quarter that ended in Feb. 2026 was $510.3 Mil. Therefore, Furuno Electric Co's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2026 was 17.31%.
The historical rank and industry rank for Furuno Electric Co's Return-on-Tangible-Equity or its related term are showing as below:
FNOEF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.94 Med: 8.37 Max: 22.95
Current: 22.95
During the past 13 years, Furuno Electric Co's highest Return-on-Tangible-Equity was 22.95%. The lowest was 2.94%. And the median was 8.37%.
FNOEF's Return-on-Tangible-Equity is ranked better than 88.98% of 2377
companies
in the Hardware industry
Industry Median: 5.27
vs FNOEF: 22.95
Furuno Electric Co (OTCPK:FNOEF) 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.
Furuno Electric Co Return-on-Tangible-Equity Related Terms
Furuno Electric Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Furuno Electric 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.
Furuno Electric Co Return-on-Tangible-Equity Chart
FNOEF vs COHR, KEYS, GRMN: Return-on-Tangible-Equity Comparison
For the Scientific & Technical Instruments subindustry, Furuno Electric 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.
Furuno Electric Co Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Furuno Electric Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Furuno Electric 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 (Feb. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 17.31% mean?
Furuno Electric Co (FNOEF) has a Return-on-Tangible-Equity of 17.31% as of Feb. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Furuno Electric Co and its competitors. This is 107% above median its historical median of 8.37. Over the past decade, Furuno Electric Co's Return-on-Tangible-Equity has ranged from 2.94 to 22.95. According to the industry distribution chart, Furuno Electric Co ranks #262 out of 2377 companies in the Hardware industry, placing it in the top 11%.
Is Furuno Electric Co's Return-on-Tangible-Equity too high?
Furuno Electric Co's current Return-on-Tangible-Equity of 17.31% is 107% above median its 10-year median of 8.37. Over the past 10 years, this metric has ranged from a low of 2.94 to a high of 22.95. The Hardware industry median Return-on-Tangible-Equity is 5.27. Furuno Electric Co's value of 17.31% is 228.5% above this industry median. Based on the distribution chart, Furuno Electric Co ranks #262 out of 2377 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Furuno Electric Co has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does Furuno Electric Co's Return-on-Tangible-Equity compare to COHR and KEYS?
According to the Hardware industry distribution chart, Furuno Electric Co ranks #262 out of 2377 companies for Return-on-Tangible-Equity. This places Furuno Electric Co in the top 11% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.27. Furuno Electric Co's value of 17.31% is 228.5% above this benchmark. Historically, Furuno Electric Co's own Return-on-Tangible-Equity has ranged from 2.94 to 22.95 over the past decade. While the company's 10-year median is 8.37 vs. the industry median of 5.27, Furuno Electric 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 2,377 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. Furuno Electric Co's current Return-on-Tangible-Equity of 17.31% is 228.5% 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 Furuno Electric 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. Furuno Electric Co's current Return-on-Tangible-Equity is 17.31%, which is 107% above median its own 10-year median of 8.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Furuno Electric Co stock overvalued right now?
Furuno Electric Co (FNOEF) has a current Return-on-Tangible-Equity of 17.31%. The stock's GF Value™ is $19.11, compared to a current price of $41.99 — trading 119.7% above its estimated fair value. The current Return-on-Tangible-Equity is 17.31%, which is 107% above median its 10-year median of 8.37 and 228.5% above the Hardware industry median of 5.27. Furuno Electric Co's overall GF Score™ is 78/100 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 Furuno Electric Co (FNOEF), the current Return-on-Tangible-Equity is 17.31% as of Feb. 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 Furuno Electric Co (FNOEF) Overvalued in 2026?
Based on GuruFocus' analysis, Furuno Electric Co stock appears to be overvalued.
The current stock price of $41.99 is trading 119.7% above its estimated GF Value™ of $19.11.
Key valuation signals for FNOEF:
Return-on-Tangible-Equity: 17.31% (107% above median its 10-year median of 8.37)
GF Value™: $19.11 vs. price of $41.99 (119.7% above fair value)
Industry Position: 228.5% above the Hardware median (#262 of 2377)
No single metric tells the full story. See the FNOEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Furuno Electric Co Ltd is engaged in the business of producing marine related electronic equipment. The products portfolio includes fish sonar, GPS, Radar, Coastal monitoring system, Automatic identification system, Voyage data recorder, and satellite communications equipment.
78GF Score
Get the complete analysis for FNOEF
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FNOEF has been successfully added to your 
