Hamamatsu Photonics KKHPHTY 85 Return-on-Tangible-Equity is 8.96% as of Mar. 2026, which is 12% below its 10-year median of 10.22. GuruFocus rates HPHTY with a GF Score™ of 85/100 and a GF Value™ of $7.33 (Fairly Valued). The stock has 9 warning signs investors should review. Among 2,379 Hardware companies, Hamamatsu Photonics KK ranks worse than 52.25% 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. Hamamatsu Photonics KK's annualized net income for the quarter that ended in Mar. 2026 was $162 Mil. Hamamatsu Photonics KK's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $1,811 Mil. Therefore, Hamamatsu Photonics KK's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 8.96%.
The historical rank and industry rank for Hamamatsu Photonics KK's Return-on-Tangible-Equity or its related term are showing as below:
HPHTY'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.77 Med: 10.22 Max: 16.29
Current: 4.77
During the past 13 years, Hamamatsu Photonics KK's highest Return-on-Tangible-Equity was 16.29%. The lowest was 4.77%. And the median was 10.22%.
HPHTY's Return-on-Tangible-Equity is ranked worse than 52.25% of 2379
companies
in the Hardware industry
Industry Median: 5.26
vs HPHTY: 4.77
Hamamatsu Photonics KK (OTCPK:HPHTY) 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.
Hamamatsu Photonics KK Return-on-Tangible-Equity Related Terms
Hamamatsu Photonics KK Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Hamamatsu Photonics KK'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.
Hamamatsu Photonics KK Return-on-Tangible-Equity Chart
HPHTY vs APH, GLW: Return-on-Tangible-Equity Comparison
For the Electronic Components subindustry, Hamamatsu Photonics KK'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.
Hamamatsu Photonics KK Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Hamamatsu Photonics KK's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Hamamatsu Photonics KK'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 8.96% mean?
Hamamatsu Photonics KK (HPHTY) has a Return-on-Tangible-Equity of 8.96% 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 Hamamatsu Photonics KK and its competitors. This is 12% below median its historical median of 10.22. Over the past decade, Hamamatsu Photonics KK's Return-on-Tangible-Equity has ranged from 4.77 to 16.29. According to the industry distribution chart, Hamamatsu Photonics KK ranks #1243 out of 2379 companies in the Hardware industry, placing it in the top 52.2%.
Is Hamamatsu Photonics KK's Return-on-Tangible-Equity too high?
Hamamatsu Photonics KK's current Return-on-Tangible-Equity of 8.96% is 12% below median its 10-year median of 10.22. Over the past 10 years, this metric has ranged from a low of 4.77 to a high of 16.29. The Hardware industry median Return-on-Tangible-Equity is 5.26. Hamamatsu Photonics KK's value of 8.96% is 70.3% above this industry median. Based on the distribution chart, Hamamatsu Photonics KK ranks #1243 out of 2379 companies in the Hardware industry, which is below the industry midpoint. Overall, Hamamatsu Photonics KK has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hamamatsu Photonics KK's Return-on-Tangible-Equity compare to APH and GLW?
According to the Hardware industry distribution chart, Hamamatsu Photonics KK ranks #1243 out of 2379 companies for Return-on-Tangible-Equity. This places Hamamatsu Photonics KK in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.26. Hamamatsu Photonics KK's value of 8.96% is 70.3% above this benchmark. Historically, Hamamatsu Photonics KK's own Return-on-Tangible-Equity has ranged from 4.77 to 16.29 over the past decade. While the company's 10-year median is 10.22 vs. the industry median of 5.26, Hamamatsu Photonics KK 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 5.26, based on 2,379 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. Hamamatsu Photonics KK's current Return-on-Tangible-Equity of 8.96% is 70.3% 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 Hamamatsu Photonics KK and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hamamatsu Photonics KK's current Return-on-Tangible-Equity is 8.96%, which is 12% below median its own 10-year median of 10.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hamamatsu Photonics KK stock overvalued right now?
Based on GuruFocus' analysis, Hamamatsu Photonics KK (HPHTY) is currently considered Fairly Valued. The stock's GF Value™ is $7.33, compared to a current price of $8.08 — trading 10.2% above its estimated fair value. The current Return-on-Tangible-Equity is 8.96%, which is 12% below median its 10-year median of 10.22 and 70.3% above the Hardware industry median of 5.26. Hamamatsu Photonics KK's overall GF Score™ is 85/100 with 9 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 Hamamatsu Photonics KK (HPHTY), the current Return-on-Tangible-Equity is 8.96% 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 Hamamatsu Photonics KK (HPHTY) Overvalued in 2026?
Based on GuruFocus' analysis, Hamamatsu Photonics KK stock appears to be overvalued.
The current stock price of $8.08 is trading 10.2% above its estimated GF Value™ of $7.33.
GuruFocus considers Hamamatsu Photonics KK to be Fairly Valued.
Key valuation signals for HPHTY:
Return-on-Tangible-Equity: 8.96% (12% below median its 10-year median of 10.22)
GF Value™: $7.33 vs. price of $8.08 (10.2% above fair value)
Industry Position: 70.3% above the Hardware median (#1243 of 2379)
No single metric tells the full story. See the HPHTY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hamamatsu Photonics KK is a Japan-based company engaged in the development, manufacture, and sale of optical and electronic devices. The company operates through four reportable segments: Electron Tube, Optical Semiconductor, Imaging and Measuring Instruments, and Laser Businesses. Its products include photomultiplier tubes, optical semiconductor components, imaging and measuring instruments, and laser-related products.
85GF Score
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