Tokaido REITFRA:AI70 +0.94%48 Return-on-Tangible-Equity is 6.54% as of Jan. 2026, which is 5% below its 10-year median of 6.87. GuruFocus rates FRA:AI70 with a GF Score™ of 48/100 and a GF Value™ of €667.92. The stock has 4 warning signs investors should review. Among 935 REITs companies, Tokaido REIT ranks better than 57.22% 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. Tokaido REIT's annualized net income for the quarter that ended in Jan. 2026 was €11.45 Mil. Tokaido REIT's average shareholder tangible equity for the quarter that ended in Jan. 2026 was €175.10 Mil. Therefore, Tokaido REIT's annualized Return-on-Tangible-Equity for the quarter that ended in Jan. 2026 was 6.54%.
The historical rank and industry rank for Tokaido REIT's Return-on-Tangible-Equity or its related term are showing as below:
FRA:AI70'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.87 Med: 6.87 Max: 7.19
Current: 7.12
During the past 5 years, Tokaido REIT's highest Return-on-Tangible-Equity was 7.19%. The lowest was 2.87%. And the median was 6.87%.
FRA:AI70's Return-on-Tangible-Equity is ranked better than 57.22% of 935
companies
in the REITs industry
Industry Median: 6.23
vs FRA:AI70: 7.12
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.
Tokaido REIT Return-on-Tangible-Equity Related Terms
Tokaido REIT Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Tokaido REIT'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:AI70 vs VICI, WPC: Return-on-Tangible-Equity Comparison
For the REIT - Diversified subindustry, Tokaido REIT'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.
Tokaido REIT Return-on-Tangible-Equity vs REITs Industry
For the REITs industry and Real Estate sector, Tokaido REIT's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Tokaido REIT'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 (Jan. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 6.54% mean?
Tokaido REIT (FRA:AI70) has a Return-on-Tangible-Equity of 6.54% as of Jan. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Tokaido REIT and its competitors. This is near median its historical median of 6.87. Over the past decade, Tokaido REIT's Return-on-Tangible-Equity has ranged from 2.87 to 7.19. According to the industry distribution chart, Tokaido REIT ranks #400 out of 935 companies in the REITs industry, placing it in the top 42.8%.
Is Tokaido REIT's Return-on-Tangible-Equity too high?
Tokaido REIT's current Return-on-Tangible-Equity of 6.54% is near median its 10-year median of 6.87. Over the past 10 years, this metric has ranged from a low of 2.87 to a high of 7.19. The REITs industry median Return-on-Tangible-Equity is 6.23. Tokaido REIT's value of 6.54% is 5% above this industry median. Based on the distribution chart, Tokaido REIT ranks #400 out of 935 companies in the REITs industry, which is above the industry midpoint. Overall, Tokaido REIT has a GF Score™ of 48/100, reflecting its overall financial health beyond just this single metric.
How does Tokaido REIT's Return-on-Tangible-Equity compare to VICI and WPC?
According to the REITs industry distribution chart, Tokaido REIT ranks #400 out of 935 companies for Return-on-Tangible-Equity. This puts Tokaido REIT in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.23. Tokaido REIT's value of 6.54% is 5% above this benchmark. Historically, Tokaido REIT's own Return-on-Tangible-Equity has ranged from 2.87 to 7.19 over the past decade. While the company's 10-year median is 6.87 vs. the industry median of 6.23, Tokaido REIT 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 REITs company?
The median Return-on-Tangible-Equity among REITs companies is 6.23, based on 935 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. Tokaido REIT's current Return-on-Tangible-Equity of 6.54% is 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 Tokaido REIT and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokaido REIT's current Return-on-Tangible-Equity is 6.54%, which is near median its own 10-year median of 6.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokaido REIT stock overvalued right now?
Tokaido REIT (FRA:AI70) has a current Return-on-Tangible-Equity of 6.54%. The stock's GF Value™ is €667.92, compared to a current price of €535.00 — trading 19.9% below its estimated fair value. The current Return-on-Tangible-Equity is 6.54%, which is near median its 10-year median of 6.87 and 5% above the REITs industry median of 6.23. Tokaido REIT's overall GF Score™ is 48/100 with 4 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 Tokaido REIT (FRA:AI70), the current Return-on-Tangible-Equity is 6.54% as of Jan. 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 Tokaido REIT (FRA:AI70) Overvalued in 2026?
Based on GuruFocus' analysis, Tokaido REIT stock appears to be undervalued.
The current stock price of €535.00 is trading 19.9% below its estimated GF Value™ of €667.92.
Key valuation signals for FRA:AI70:
Return-on-Tangible-Equity: 6.54% (near median its 10-year median of 6.87)
GF Value™: €667.92 vs. price of €535.00 (19.9% below fair value)
Industry Position: 5% above the REITs median (#400 of 935)
No single metric tells the full story. See the FRA:AI70 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tokaido REIT Inc is a real estate investment trust that focuses on the Tokaido area, mainly Shizuoka, Aichi, and Mie prefectures. Its Investment targets are divided into two types including "Industrial infrastructure assets" targeting logistics facilities and office buildings, and "Living infrastructure assets" for residential and commercial facilities.
48GF Score
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