Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Hokkaido Electric Power CoFRA:5IE +2.86%71 Return-on-Tangible-Equity is -4.27% as of Mar. 2026. GuruFocus rates FRA:5IE with a GF Score™ of 71/100 and a GF Value™ of €4.16 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 427 Utilities - Independent Power Producers companies, Hokkaido Electric Power Co ranks better than 66.04% 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. Hokkaido Electric Power Co's annualized net income for the quarter that ended in Mar. 2026 was €-105 Mil. Hokkaido Electric Power Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €2,462 Mil. Therefore, Hokkaido Electric Power Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -4.27%.
The historical rank and industry rank for Hokkaido Electric Power Co's Return-on-Tangible-Equity or its related term are showing as below:
FRA:5IE'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -8.58 Med: 10.53 Max: 23.47
Current: 10.18
During the past 13 years, Hokkaido Electric Power Co's highest Return-on-Tangible-Equity was 23.47%. The lowest was -8.58%. And the median was 10.53%.
FRA:5IE's Return-on-Tangible-Equity is ranked better than 66.04% of 427
companies
in the Utilities - Independent Power Producers industry
Industry Median: 4.68
vs FRA:5IE: 10.18
Hokkaido Electric Power Co (FRA:5IE) 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.
Hokkaido Electric Power Co Return-on-Tangible-Equity Related Terms
Hokkaido Electric Power 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.
Hokkaido Electric Power Co Return-on-Tangible-Equity Chart
Hokkaido Electric Power Co Return-on-Tangible-Equity Competitor Comparison
For the Utilities - Renewable subindustry, Hokkaido Electric Power 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.
Hokkaido Electric Power Co Return-on-Tangible-Equity vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Hokkaido Electric Power Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Hokkaido Electric Power 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 -4.27% mean?
Hokkaido Electric Power Co (FRA:5IE) has a Return-on-Tangible-Equity of -4.27% 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 Hokkaido Electric Power Co and its competitors. According to the industry distribution chart, Hokkaido Electric Power Co ranks #145 out of 427 companies in the Utilities - Independent Power Producers industry, placing it in the top 34%.
Is Hokkaido Electric Power Co's Return-on-Tangible-Equity too high?
Hokkaido Electric Power Co's current Return-on-Tangible-Equity is -4.27%. Based on the distribution chart, Hokkaido Electric Power Co ranks #145 out of 427 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Hokkaido Electric Power Co has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hokkaido Electric Power Co's Return-on-Tangible-Equity compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Hokkaido Electric Power Co ranks #145 out of 427 companies for Return-on-Tangible-Equity. This puts Hokkaido Electric Power Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 4.68. 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 an Utilities - Independent Power Producers company?
The median Return-on-Tangible-Equity among Utilities - Independent Power Producers companies is 4.68, based on 427 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. 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 Hokkaido Electric Power Co and its competitors. For the Utilities - Independent Power Producers industry, the median Return-on-Tangible-Equity is 4.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hokkaido Electric Power Co's current Return-on-Tangible-Equity is -4.27%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hokkaido Electric Power Co stock overvalued right now?
Based on GuruFocus' analysis, Hokkaido Electric Power Co (FRA:5IE) is currently considered Modestly Overvalued. The stock's GF Value™ is €4.16, compared to a current price of €5.40 — trading 29.8% above its estimated fair value. The current Return-on-Tangible-Equity is -4.27%. Hokkaido Electric Power Co's overall GF Score™ is 71/100 with 5 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 Hokkaido Electric Power Co (FRA:5IE), the current Return-on-Tangible-Equity is -4.27% 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 Hokkaido Electric Power Co (FRA:5IE) Overvalued in 2026?
Based on GuruFocus' analysis, Hokkaido Electric Power Co stock appears to be overvalued.
The current stock price of €5.40 is trading 29.8% above its estimated GF Value™ of €4.16.
GuruFocus considers Hokkaido Electric Power Co to be Modestly Overvalued.
Key valuation signals for FRA:5IE:
Return-on-Tangible-Equity: -4.27%
GF Value™: €4.16 vs. price of €5.40 (29.8% above fair value)
No single metric tells the full story. See the FRA:5IE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hokkaido Electric Power Co Inc is a Japanese electric utility that serves the northernmost island of Hokkaido. HEPCO is involved in the generation, transmission, and distribution of electric energy on the island. The company utilizes a portfolio of hydroelectric, steam, gas, internal combustion, nuclear, geothermal, and solar power plants to do this. While majority of HEPCO's sites are hydroelectric, the company's fossil fuel facilities represent the vast majority of its total energy production and production capacity. Hokkaido Electric Power's electric utility business is responsible for nearly all of its revenue with sales split mainly between residential and commercial/industrial customer groups. Electrical output, however, is transmitted to residential customers.
71GF Score
Get the complete analysis for FRA:5IE
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
FRA:5IE has been successfully added to your 
