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Kowa CoFRA:49N +5.16%83 Return-on-Tangible-Equity is 11.40% as of Feb. 2026, which is 54% below its 10-year median of 24.60. GuruFocus rates FRA:49N with a GF Score™ of 83/100 and a GF Value™ of €5.42. The stock has 2 warning signs investors should review. Among 421 Furnishings, Fixtures & Appliances companies, Kowa Co ranks better than 77.67% 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. Kowa Co's annualized net income for the quarter that ended in Feb. 2026 was €2.05 Mil. Kowa Co's average shareholder tangible equity for the quarter that ended in Feb. 2026 was €17.99 Mil. Therefore, Kowa Co's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2026 was 11.40%.
The historical rank and industry rank for Kowa Co's Return-on-Tangible-Equity or its related term are showing as below:
FRA:49N'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -42.57 Med: 24.6 Max: 46.5
Current: 13.85
During the past 11 years, Kowa Co's highest Return-on-Tangible-Equity was 46.50%. The lowest was -42.57%. And the median was 24.60%.
FRA:49N's Return-on-Tangible-Equity is ranked better than 77.67% of 421
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 5.08
vs FRA:49N: 13.85
Kowa Co (FRA:49N) 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.
Kowa Co Return-on-Tangible-Equity Related Terms
Kowa Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Kowa 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.
FRA:49N vs SN, SGI, MHK: Return-on-Tangible-Equity Comparison
For the Furnishings, Fixtures & Appliances subindustry, Kowa 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.
Kowa Co Return-on-Tangible-Equity vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Kowa Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Kowa 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 (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 11.40% mean?
Kowa Co (FRA:49N) has a Return-on-Tangible-Equity of 11.40% 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 Kowa Co and its competitors. This is 54% below median its historical median of 24.60. According to the industry distribution chart, Kowa Co ranks #94 out of 421 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 22.3%.
Is Kowa Co's Return-on-Tangible-Equity too high?
Kowa Co's current Return-on-Tangible-Equity of 11.40% is 54% below median its 10-year median of 24.60. The Furnishings, Fixtures & Appliances industry median Return-on-Tangible-Equity is 5.08. Kowa Co's value of 11.40% is 124.4% above this industry median. Based on the distribution chart, Kowa Co ranks #94 out of 421 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, Kowa Co has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does Kowa Co's Return-on-Tangible-Equity compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Kowa Co ranks #94 out of 421 companies for Return-on-Tangible-Equity. This places Kowa Co in the top 22% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.08. Kowa Co's value of 11.40% is 124.4% above this benchmark. While the company's 10-year median is 24.60 vs. the industry median of 5.08, Kowa 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 Furnishings, Fixtures & Appliances company?
The median Return-on-Tangible-Equity among Furnishings, Fixtures & Appliances companies is 5.08, based on 421 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. Kowa Co's current Return-on-Tangible-Equity of 11.40% is 124.4% 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 Kowa Co and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Return-on-Tangible-Equity is 5.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kowa Co's current Return-on-Tangible-Equity is 11.40%, which is 54% below median its own 10-year median of 24.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kowa Co stock overvalued right now?
Kowa Co (FRA:49N) has a current Return-on-Tangible-Equity of 11.40%. The stock's GF Value™ is €5.42, compared to a current price of €4.48 — trading 17.3% below its estimated fair value. The current Return-on-Tangible-Equity is 11.40%, which is 54% below median its 10-year median of 24.60 and 124.4% above the Furnishings, Fixtures & Appliances industry median of 5.08. Kowa Co's overall GF Score™ is 83/100 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 Kowa Co (FRA:49N), the current Return-on-Tangible-Equity is 11.40% 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 Kowa Co (FRA:49N) Overvalued in 2026?
Based on GuruFocus' analysis, Kowa Co stock appears to be undervalued.
The current stock price of €4.48 is trading 17.3% below its estimated GF Value™ of €5.42.
Key valuation signals for FRA:49N:
Return-on-Tangible-Equity: 11.40% (54% below median its 10-year median of 24.60)
GF Value™: €5.42 vs. price of €4.48 (17.3% below fair value)
Industry Position: 124.4% above the Furnishings, Fixtures & Appliances median (#94 of 421)
No single metric tells the full story. See the FRA:49N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kowa Co Ltd is a Japan-based company engaged in manufacture and sale of welfare equipment. The company is involved in the production and sales of welfare nursing care products including walking cars and walking aids or walk assistance carts, silver cars, handrails, walking canes, bath related products, toilet-related products and life-support products. It supplies its products mainly to chain stores, wholesale trading companies for welfare equipment, national welfare equipment lease companies, department stores, mail-order companies and others.
83GF Score
Get the complete analysis for FRA:49N
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