Tsuzuki Denki CoFRA:Q73 +1.87%59 Return-on-Tangible-Equity is 28.11% as of Mar. 2026, which is 167% above its 10-year median of 10.52. GuruFocus rates FRA:Q73 with a GF Score™ of 59/100 and a GF Value™ of €11.63. The stock has 4 warning signs investors should review. Among 553 Conglomerates companies, Tsuzuki Denki Co ranks better than 75.41% 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. Tsuzuki Denki Co's annualized net income for the quarter that ended in Mar. 2026 was €68.6 Mil. Tsuzuki Denki Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €244.0 Mil. Therefore, Tsuzuki Denki Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 28.11%.
The historical rank and industry rank for Tsuzuki Denki Co's Return-on-Tangible-Equity or its related term are showing as below:
FRA:Q73'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.29 Med: 10.52 Max: 15.55
Current: 15.08
During the past 13 years, Tsuzuki Denki Co's highest Return-on-Tangible-Equity was 15.55%. The lowest was 6.29%. And the median was 10.52%.
FRA:Q73's Return-on-Tangible-Equity is ranked better than 75.41% of 553
companies
in the Conglomerates industry
Industry Median: 7.44
vs FRA:Q73: 15.08
Tsuzuki Denki Co (FRA:Q73) 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.
Tsuzuki Denki Co Return-on-Tangible-Equity Related Terms
Tsuzuki Denki Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Tsuzuki Denki 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:Q73 vs HON, MMM: Return-on-Tangible-Equity Comparison
For the Conglomerates subindustry, Tsuzuki Denki 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.
Tsuzuki Denki Co Return-on-Tangible-Equity vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Tsuzuki Denki Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Tsuzuki Denki 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 28.11% mean?
Tsuzuki Denki Co (FRA:Q73) has a Return-on-Tangible-Equity of 28.11% 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 Tsuzuki Denki Co and its competitors. This is 167% above median its historical median of 10.52. Over the past decade, Tsuzuki Denki Co's Return-on-Tangible-Equity has ranged from 6.29 to 15.55. According to the industry distribution chart, Tsuzuki Denki Co ranks #136 out of 553 companies in the Conglomerates industry, placing it in the top 24.6%.
Is Tsuzuki Denki Co's Return-on-Tangible-Equity too high?
Tsuzuki Denki Co's current Return-on-Tangible-Equity of 28.11% is 167% above median its 10-year median of 10.52. Over the past 10 years, this metric has ranged from a low of 6.29 to a high of 15.55. The Conglomerates industry median Return-on-Tangible-Equity is 7.44. Tsuzuki Denki Co's value of 28.11% is 277.8% above this industry median. Based on the distribution chart, Tsuzuki Denki Co ranks #136 out of 553 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Tsuzuki Denki Co has a GF Score™ of 59/100, reflecting its overall financial health beyond just this single metric.
How does Tsuzuki Denki Co's Return-on-Tangible-Equity compare to HON and MMM?
According to the Conglomerates industry distribution chart, Tsuzuki Denki Co ranks #136 out of 553 companies for Return-on-Tangible-Equity. This places Tsuzuki Denki Co in the top 25% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.44. Tsuzuki Denki Co's value of 28.11% is 277.8% above this benchmark. Historically, Tsuzuki Denki Co's own Return-on-Tangible-Equity has ranged from 6.29 to 15.55 over the past decade. While the company's 10-year median is 10.52 vs. the industry median of 7.44, Tsuzuki Denki 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 Conglomerates company?
The median Return-on-Tangible-Equity among Conglomerates companies is 7.44, based on 553 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. Tsuzuki Denki Co's current Return-on-Tangible-Equity of 28.11% is 277.8% 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 Tsuzuki Denki Co and its competitors. For the Conglomerates industry, the median Return-on-Tangible-Equity is 7.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tsuzuki Denki Co's current Return-on-Tangible-Equity is 28.11%, which is 167% above median its own 10-year median of 10.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tsuzuki Denki Co stock overvalued right now?
Tsuzuki Denki Co (FRA:Q73) has a current Return-on-Tangible-Equity of 28.11%. The stock's GF Value™ is €11.63, compared to a current price of €21.80 — trading 87.4% above its estimated fair value. The current Return-on-Tangible-Equity is 28.11%, which is 167% above median its 10-year median of 10.52 and 277.8% above the Conglomerates industry median of 7.44. Tsuzuki Denki Co's overall GF Score™ is 59/100 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 Tsuzuki Denki Co (FRA:Q73), the current Return-on-Tangible-Equity is 28.11% 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 Tsuzuki Denki Co (FRA:Q73) Overvalued in 2026?
Based on GuruFocus' analysis, Tsuzuki Denki Co stock appears to be overvalued.
The current stock price of €21.80 is trading 87.4% above its estimated GF Value™ of €11.63.
Key valuation signals for FRA:Q73:
Return-on-Tangible-Equity: 28.11% (167% above median its 10-year median of 10.52)
GF Value™: €11.63 vs. price of €21.80 (87.4% above fair value)
Industry Position: 277.8% above the Conglomerates median (#136 of 553)
No single metric tells the full story. See the FRA:Q73 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tsuzuki Denki Co Ltd engages in provision of information network system solution services. Its electronic devices comprise logic ICs, memory ICs, discrete semiconductors, compound semiconductors, relays, connectors, mouse, display panels, circuit boards, communication modules, and other components. The company's information equipment includes hard disks, PC/servers, printers, and other electronic devices; computer supplies, such as toners, ink ribbons, papers, and data media; computer-related products consisting of PC peripherals and network equipment; stationary/office supplies; and office solutions comprising interior design/construction. The company serves customers in the fields of manufacturing, distribution and services, medical and welfare, public and education, and financial.
59GF Score
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