Kokuyo CoFRA:KOK -0.45%89 Return-on-Tangible-Equity is 16.82% as of Mar. 2026, which is 117% above its 10-year median of 7.76. GuruFocus rates FRA:KOK with a GF Score™ of 89/100 and a GF Value™ of €3.74. The stock has 1 warning sign investors should review. Among 2,973 Industrial Products companies, Kokuyo Co ranks better than 59.37% 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. Kokuyo Co's annualized net income for the quarter that ended in Mar. 2026 was €220 Mil. Kokuyo Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €1,308 Mil. Therefore, Kokuyo Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 16.82%.
The historical rank and industry rank for Kokuyo Co's Return-on-Tangible-Equity or its related term are showing as below:
FRA:KOK'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.87 Med: 7.76 Max: 9.02
Current: 8.88
During the past 13 years, Kokuyo Co's highest Return-on-Tangible-Equity was 9.02%. The lowest was 3.87%. And the median was 7.76%.
FRA:KOK's Return-on-Tangible-Equity is ranked better than 59.37% of 2973
companies
in the Industrial Products industry
Industry Median: 6.72
vs FRA:KOK: 8.88
Kokuyo Co (FRA:KOK) 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.
Kokuyo Co Return-on-Tangible-Equity Related Terms
Kokuyo Co Return-on-Tangible-Equity Historical Data
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The historical data trend for Kokuyo 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.
Kokuyo Co Return-on-Tangible-Equity Competitor Comparison
For the Business Equipment & Supplies subindustry, Kokuyo 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.
Kokuyo Co Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Kokuyo Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Kokuyo 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 16.82% mean?
Kokuyo Co (FRA:KOK) has a Return-on-Tangible-Equity of 16.82% 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 Kokuyo Co and its competitors. This is 117% above median its historical median of 7.76. Over the past decade, Kokuyo Co's Return-on-Tangible-Equity has ranged from 3.87 to 9.02. According to the industry distribution chart, Kokuyo Co ranks #1208 out of 2973 companies in the Industrial Products industry, placing it in the top 40.6%.
Is Kokuyo Co's Return-on-Tangible-Equity too high?
Kokuyo Co's current Return-on-Tangible-Equity of 16.82% is 117% above median its 10-year median of 7.76. Over the past 10 years, this metric has ranged from a low of 3.87 to a high of 9.02. The Industrial Products industry median Return-on-Tangible-Equity is 6.72. Kokuyo Co's value of 16.82% is 150.3% above this industry median. Based on the distribution chart, Kokuyo Co ranks #1208 out of 2973 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Kokuyo Co has a GF Score™ of 89/100, reflecting its overall financial health beyond just this single metric.
How does Kokuyo Co's Return-on-Tangible-Equity compare to competitors?
According to the Industrial Products industry distribution chart, Kokuyo Co ranks #1208 out of 2973 companies for Return-on-Tangible-Equity. This puts Kokuyo Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.72. Kokuyo Co's value of 16.82% is 150.3% above this benchmark. Historically, Kokuyo Co's own Return-on-Tangible-Equity has ranged from 3.87 to 9.02 over the past decade. While the company's 10-year median is 7.76 vs. the industry median of 6.72, Kokuyo 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 an Industrial Products company?
The median Return-on-Tangible-Equity among Industrial Products companies is 6.72, based on 2,973 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. Kokuyo Co's current Return-on-Tangible-Equity of 16.82% is 150.3% 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 Kokuyo Co and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kokuyo Co's current Return-on-Tangible-Equity is 16.82%, which is 117% above median its own 10-year median of 7.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kokuyo Co stock overvalued right now?
Kokuyo Co (FRA:KOK) has a current Return-on-Tangible-Equity of 16.82%. The stock's GF Value™ is €3.74, compared to a current price of €4.42 — trading 18.2% above its estimated fair value. The current Return-on-Tangible-Equity is 16.82%, which is 117% above median its 10-year median of 7.76 and 150.3% above the Industrial Products industry median of 6.72. Kokuyo Co's overall GF Score™ is 89/100 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 Kokuyo Co (FRA:KOK), the current Return-on-Tangible-Equity is 16.82% 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 Kokuyo Co (FRA:KOK) Overvalued in 2026?
Based on GuruFocus' analysis, Kokuyo Co stock appears to be overvalued.
The current stock price of €4.42 is trading 18.2% above its estimated GF Value™ of €3.74.
Key valuation signals for FRA:KOK:
Return-on-Tangible-Equity: 16.82% (117% above median its 10-year median of 7.76)
GF Value™: €3.74 vs. price of €4.42 (18.2% above fair value)
Industry Position: 150.3% above the Industrial Products median (#1208 of 2973)
No single metric tells the full story. See the FRA:KOK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kokuyo Co Ltd is engaged in the manufacture, purchase, and sale of stationery, office furniture, and store utensils for retail businesses, as well as space design and consultation. The company operates through four segments: stationery, furniture, mail-order, and retail. The stationery business supplies stationery in Japan and other regions, including Vietnam, China, and India. The furniture business consists of the production and sale of office furniture, store fixtures, and furniture for public and commercial spaces. The mail-order and retail business provides mail-order services for individuals and retail and wholesale businesses, along with electronic purchasing systems and the operation of information sites.
89GF Score
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