Meiko Electronics CoFRA:MEC -3.40%75 Return-on-Tangible-Equity is 15.74% as of Mar. 2026, which is 11% above its 10-year median of 14.16. GuruFocus rates FRA:MEC with a GF Score™ of 75/100 and a GF Value™ of €47.71 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,378 Hardware companies, Meiko Electronics Co ranks better than 82.63% 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. Meiko Electronics Co's annualized net income for the quarter that ended in Mar. 2026 was €109 Mil. Meiko Electronics Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €693 Mil. Therefore, Meiko Electronics Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 15.74%.
The historical rank and industry rank for Meiko Electronics Co's Return-on-Tangible-Equity or its related term are showing as below:
FRA:MEC'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.27 Med: 14.16 Max: 23.6
Current: 17.4
During the past 13 years, Meiko Electronics Co's highest Return-on-Tangible-Equity was 23.60%. The lowest was 6.27%. And the median was 14.16%.
FRA:MEC's Return-on-Tangible-Equity is ranked better than 82.63% of 2378
companies
in the Hardware industry
Industry Median: 5.265
vs FRA:MEC: 17.40
Meiko Electronics Co (FRA:MEC) 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.
Meiko Electronics Co Return-on-Tangible-Equity Related Terms
Meiko Electronics Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Meiko Electronics 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.
Meiko Electronics Co Return-on-Tangible-Equity Chart
FRA:MEC vs APH, GLW: Return-on-Tangible-Equity Comparison
For the Electronic Components subindustry, Meiko Electronics 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.
Meiko Electronics Co Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Meiko Electronics Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Meiko Electronics 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 15.74% mean?
Meiko Electronics Co (FRA:MEC) has a Return-on-Tangible-Equity of 15.74% 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 Meiko Electronics Co and its competitors. This is 11% above median its historical median of 14.16. Over the past decade, Meiko Electronics Co's Return-on-Tangible-Equity has ranged from 6.27 to 23.60. According to the industry distribution chart, Meiko Electronics Co ranks #413 out of 2378 companies in the Hardware industry, placing it in the top 17.4%.
Is Meiko Electronics Co's Return-on-Tangible-Equity too high?
Meiko Electronics Co's current Return-on-Tangible-Equity of 15.74% is 11% above median its 10-year median of 14.16. Over the past 10 years, this metric has ranged from a low of 6.27 to a high of 23.60. The Hardware industry median Return-on-Tangible-Equity is 5.27. Meiko Electronics Co's value of 15.74% is 199% above this industry median. Based on the distribution chart, Meiko Electronics Co ranks #413 out of 2378 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Meiko Electronics Co has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Meiko Electronics Co's Return-on-Tangible-Equity compare to APH and GLW?
According to the Hardware industry distribution chart, Meiko Electronics Co ranks #413 out of 2378 companies for Return-on-Tangible-Equity. This places Meiko Electronics Co in the top 17% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.27. Meiko Electronics Co's value of 15.74% is 199% above this benchmark. Historically, Meiko Electronics Co's own Return-on-Tangible-Equity has ranged from 6.27 to 23.60 over the past decade. While the company's 10-year median is 14.16 vs. the industry median of 5.27, Meiko Electronics 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 2,378 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. Meiko Electronics Co's current Return-on-Tangible-Equity of 15.74% is 199% 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 Meiko Electronics 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. Meiko Electronics Co's current Return-on-Tangible-Equity is 15.74%, which is 11% above median its own 10-year median of 14.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meiko Electronics Co stock overvalued right now?
Based on GuruFocus' analysis, Meiko Electronics Co (FRA:MEC) is currently considered Significantly Overvalued. The stock's GF Value™ is €47.71, compared to a current price of €142.00 — trading 197.6% above its estimated fair value. The current Return-on-Tangible-Equity is 15.74%, which is 11% above median its 10-year median of 14.16 and 199% above the Hardware industry median of 5.27. Meiko Electronics Co's overall GF Score™ is 75/100 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 Meiko Electronics Co (FRA:MEC), the current Return-on-Tangible-Equity is 15.74% 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 Meiko Electronics Co (FRA:MEC) Overvalued in 2026?
Based on GuruFocus' analysis, Meiko Electronics Co stock appears to be overvalued.
The current stock price of €142.00 is trading 197.6% above its estimated GF Value™ of €47.71.
GuruFocus considers Meiko Electronics Co to be Significantly Overvalued.
Key valuation signals for FRA:MEC:
Return-on-Tangible-Equity: 15.74% (11% above median its 10-year median of 14.16)
GF Value™: €47.71 vs. price of €142.00 (197.6% above fair value)
Industry Position: 199% above the Hardware median (#413 of 2378)
No single metric tells the full story. See the FRA:MEC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Meiko Electronics Co Ltd is a Japan-based company. The company is engaged in manufacturing of anyLayer high density interconnect, high heat dissipation printed circuit boards (PCBs) and high electric current PCBs, solder stencils, electronic manufacturing services, industrial equipment, and imaging equipment. The company operates in one business segment that is Printed Circuit Boards. Geographically the company exports its products to Asia, North America, Europe, and Other regions.
75GF Score
Get the complete analysis for FRA:MEC
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