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OBIC CoFRA:OBL -3.51%92 Return-on-Tangible-Equity is 14.84% as of Mar. 2026, which is 4% below its 10-year median of 15.52. GuruFocus rates FRA:OBL with a GF Score™ of 92/100 and a GF Value™ of €31.17 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 2,477 Software companies, OBIC Co ranks better than 62.17% 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. OBIC Co's annualized net income for the quarter that ended in Mar. 2026 was €405.0 Mil. OBIC Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €2,729.2 Mil. Therefore, OBIC Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 14.84%.
The historical rank and industry rank for OBIC Co's Return-on-Tangible-Equity or its related term are showing as below:
FRA:OBL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 13.83 Med: 15.52 Max: 16.14
Current: 15.87
During the past 13 years, OBIC Co's highest Return-on-Tangible-Equity was 16.14%. The lowest was 13.83%. And the median was 15.52%.
FRA:OBL's Return-on-Tangible-Equity is ranked better than 62.17% of 2477
companies
in the Software industry
Industry Median: 8.83
vs FRA:OBL: 15.87
OBIC Co (FRA:OBL) 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.
OBIC Co Return-on-Tangible-Equity Related Terms
OBIC Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for OBIC 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:OBL vs UBER, SHOP, CRM: Return-on-Tangible-Equity Comparison
For the Software - Application subindustry, OBIC 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.
OBIC Co Return-on-Tangible-Equity vs Software Industry
For the Software industry and Technology sector, OBIC Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where OBIC 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 14.84% mean?
OBIC Co (FRA:OBL) has a Return-on-Tangible-Equity of 14.84% 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 OBIC Co and its competitors. This is near median its historical median of 15.52. Over the past decade, OBIC Co's Return-on-Tangible-Equity has ranged from 13.83 to 16.14. According to the industry distribution chart, OBIC Co ranks #937 out of 2477 companies in the Software industry, placing it in the top 37.8%.
Is OBIC Co's Return-on-Tangible-Equity too high?
OBIC Co's current Return-on-Tangible-Equity of 14.84% is near median its 10-year median of 15.52. Over the past 10 years, this metric has ranged from a low of 13.83 to a high of 16.14. The Software industry median Return-on-Tangible-Equity is 8.83. OBIC Co's value of 14.84% is 68.1% above this industry median. Based on the distribution chart, OBIC Co ranks #937 out of 2477 companies in the Software industry, which is above the industry midpoint. Overall, OBIC Co has a GF Score™ of 92/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does OBIC Co's Return-on-Tangible-Equity compare to UBER and SHOP?
According to the Software industry distribution chart, OBIC Co ranks #937 out of 2477 companies for Return-on-Tangible-Equity. This puts OBIC Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.83. OBIC Co's value of 14.84% is 68.1% above this benchmark. Historically, OBIC Co's own Return-on-Tangible-Equity has ranged from 13.83 to 16.14 over the past decade. While the company's 10-year median is 15.52 vs. the industry median of 8.83, OBIC 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 Software company?
The median Return-on-Tangible-Equity among Software companies is 8.83, based on 2,477 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. OBIC Co's current Return-on-Tangible-Equity of 14.84% is 68.1% 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 OBIC Co and its competitors. For the Software industry, the median Return-on-Tangible-Equity is 8.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. OBIC Co's current Return-on-Tangible-Equity is 14.84%, which is near median its own 10-year median of 15.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OBIC Co stock overvalued right now?
Based on GuruFocus' analysis, OBIC Co (FRA:OBL) is currently considered Significantly Undervalued. The stock's GF Value™ is €31.17, compared to a current price of €22.00 — trading 29.4% below its estimated fair value. The current Return-on-Tangible-Equity is 14.84%, which is near median its 10-year median of 15.52 and 68.1% above the Software industry median of 8.83. OBIC Co's overall GF Score™ is 92/100 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 OBIC Co (FRA:OBL), the current Return-on-Tangible-Equity is 14.84% 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 OBIC Co (FRA:OBL) Overvalued in 2026?
Based on GuruFocus' analysis, OBIC Co stock appears to be undervalued.
The current stock price of €22.00 is trading 29.4% below its estimated GF Value™ of €31.17.
GuruFocus considers OBIC Co to be Significantly Undervalued.
Key valuation signals for FRA:OBL:
Return-on-Tangible-Equity: 14.84% (near median its 10-year median of 15.52)
GF Value™: €31.17 vs. price of €22.00 (29.4% below fair value)
Industry Position: 68.1% above the Software median (#937 of 2477)
No single metric tells the full story. See the FRA:OBL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Obic is one of Japan's largest enterprise resource planning service providers with a dominant share of the Japanese midsize corporate market. Obic has three main business lines: system integration, system support, and office automation, and, thus, offers one-stop construction and operation of information systems centered on its proprietary ERP suite. The company, which has a 57-year history, reported fiscal 2026 revenue of JPY 135.2 billion, with system integration contributing 40.9%, system support 52.9%, and office automation 6.2%.
92GF Score
Get the complete analysis for FRA:OBL
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