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TOC CoFRA:T3O -2.12%80 Return-on-Tangible-Equity is 2.28% as of Mar. 2026, which is 56% below its 10-year median of 5.19. GuruFocus rates FRA:T3O with a GF Score™ of 80/100 and a GF Value™ of €4.16. The stock has 4 warning signs investors should review. Among 1,717 Real Estate companies, TOC Co ranks worse than 59.11% 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. TOC Co's annualized net income for the quarter that ended in Mar. 2026 was €12.04 Mil. TOC Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €527.04 Mil. Therefore, TOC Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 2.28%.
The historical rank and industry rank for TOC Co's Return-on-Tangible-Equity or its related term are showing as below:
FRA:T3O'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.9 Med: 5.19 Max: 32.6
Current: 2.44
During the past 13 years, TOC Co's highest Return-on-Tangible-Equity was 32.60%. The lowest was 1.90%. And the median was 5.19%.
FRA:T3O's Return-on-Tangible-Equity is ranked worse than 59.11% of 1717
companies
in the Real Estate industry
Industry Median: 4.27
vs FRA:T3O: 2.44
TOC Co (FRA:T3O) 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.
TOC Co Return-on-Tangible-Equity Related Terms
TOC Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for TOC 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:T3O vs CBRE, BEKE, JLL: Return-on-Tangible-Equity Comparison
For the Real Estate Services subindustry, TOC 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.
TOC Co Return-on-Tangible-Equity vs Real Estate Industry
For the Real Estate industry and Real Estate sector, TOC Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where TOC 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 2.28% mean?
TOC Co (FRA:T3O) has a Return-on-Tangible-Equity of 2.28% 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 TOC Co and its competitors. This is 56% below median its historical median of 5.19. Over the past decade, TOC Co's Return-on-Tangible-Equity has ranged from 1.90 to 32.60. According to the industry distribution chart, TOC Co ranks #1015 out of 1717 companies in the Real Estate industry, placing it in the top 59.1%.
Is TOC Co's Return-on-Tangible-Equity too high?
TOC Co's current Return-on-Tangible-Equity of 2.28% is 56% below median its 10-year median of 5.19. Over the past 10 years, this metric has ranged from a low of 1.90 to a high of 32.60. The Real Estate industry median Return-on-Tangible-Equity is 4.27. TOC Co's value of 2.28% is 46.6% below this industry median. Based on the distribution chart, TOC Co ranks #1015 out of 1717 companies in the Real Estate industry, which is below the industry midpoint. Overall, TOC Co has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does TOC Co's Return-on-Tangible-Equity compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, TOC Co ranks #1015 out of 1717 companies for Return-on-Tangible-Equity. This places TOC Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 4.27. TOC Co's value of 2.28% is 46.6% below this benchmark. Historically, TOC Co's own Return-on-Tangible-Equity has ranged from 1.90 to 32.60 over the past decade. While the company's 10-year median is 5.19 vs. the industry median of 4.27, TOC Co has consistently been below 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 Real Estate company?
The median Return-on-Tangible-Equity among Real Estate companies is 4.27, based on 1,717 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. TOC Co's current Return-on-Tangible-Equity of 2.28% is 46.6% below 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 TOC Co and its competitors. For the Real Estate industry, the median Return-on-Tangible-Equity is 4.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOC Co's current Return-on-Tangible-Equity is 2.28%, which is 56% below median its own 10-year median of 5.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOC Co stock overvalued right now?
TOC Co (FRA:T3O) has a current Return-on-Tangible-Equity of 2.28%. The stock's GF Value™ is €4.16, compared to a current price of €4.62 — trading 11.1% above its estimated fair value. The current Return-on-Tangible-Equity is 2.28%, which is 56% below median its 10-year median of 5.19 and 46.6% below the Real Estate industry median of 4.27. TOC Co's overall GF Score™ is 80/100 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 TOC Co (FRA:T3O), the current Return-on-Tangible-Equity is 2.28% 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 TOC Co (FRA:T3O) Overvalued in 2026?
Based on GuruFocus' analysis, TOC Co stock appears to be overvalued.
The current stock price of €4.62 is trading 11.1% above its estimated GF Value™ of €4.16.
Key valuation signals for FRA:T3O:
Return-on-Tangible-Equity: 2.28% (56% below median its 10-year median of 5.19)
GF Value™: €4.16 vs. price of €4.62 (11.1% above fair value)
Industry Position: 46.6% below the Real Estate median (#1015 of 1717)
No single metric tells the full story. See the FRA:T3O stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TOC Co Ltd is a Japan-based company with three business segments: real estate, linen supply and laundry, and other. The real estate segment is engaged in planning, execution, and management of urban development projects. The linen supply and laundry segment is engaged in supplying various linens used in hotels and restaurants, and offering dry cleaning services. The other segment contains a pharmaceuticals business, operates a sports club and a bathing facility, includes retail and restaurant businesses, and engages in building maintenance services. The company generates most of its revenue from the real estate segment.
80GF Score
Get the complete analysis for FRA:T3O
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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