Tokio Marine HoldingsMEX:8766N 52 Return-on-Tangible-Equity is 20.05% as of Dec. 2025, which is 63% above its 10-year median of 12.33. GuruFocus rates MEX:8766N with a GF Score™ of 52/100 and a GF Value™ of MXN661.31 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 499 Insurance companies, Tokio Marine Holdings ranks better than 76.95% 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. Tokio Marine Holdings's annualized net income for the quarter that ended in Dec. 2025 was MXN98,132 Mil. Tokio Marine Holdings's average shareholder tangible equity for the quarter that ended in Dec. 2025 was MXN489,360 Mil. Therefore, Tokio Marine Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 20.05%.
The historical rank and industry rank for Tokio Marine Holdings's Return-on-Tangible-Equity or its related term are showing as below:
MEX:8766N'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.62 Med: 12.33 Max: 26.57
Current: 24.46
During the past 13 years, Tokio Marine Holdings's highest Return-on-Tangible-Equity was 26.57%. The lowest was 6.62%. And the median was 12.33%.
MEX:8766N's Return-on-Tangible-Equity is ranked better than 76.95% of 499
companies
in the Insurance industry
Industry Median: 13.52
vs MEX:8766N: 24.46
Tokio Marine Holdings (MEX:8766N) 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.
Tokio Marine Holdings Return-on-Tangible-Equity Related Terms
Tokio Marine Holdings Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Tokio Marine Holdings'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.
Tokio Marine Holdings Return-on-Tangible-Equity Chart
MEX:8766N vs CB, PGR, TRV: Return-on-Tangible-Equity Comparison
For the Insurance - Property & Casualty subindustry, Tokio Marine Holdings'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.
Tokio Marine Holdings Return-on-Tangible-Equity vs Insurance Industry
For the Insurance industry and Financial Services sector, Tokio Marine Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Tokio Marine Holdings'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 (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 20.05% mean?
Tokio Marine Holdings (MEX:8766N) has a Return-on-Tangible-Equity of 20.05% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Tokio Marine Holdings and its competitors. This is 63% above median its historical median of 12.33. Over the past decade, Tokio Marine Holdings' Return-on-Tangible-Equity has ranged from 6.62 to 26.57. According to the industry distribution chart, Tokio Marine Holdings ranks #115 out of 499 companies in the Insurance industry, placing it in the top 23%.
Is Tokio Marine Holdings' Return-on-Tangible-Equity too high?
Tokio Marine Holdings' current Return-on-Tangible-Equity of 20.05% is 63% above median its 10-year median of 12.33. Over the past 10 years, this metric has ranged from a low of 6.62 to a high of 26.57. The Insurance industry median Return-on-Tangible-Equity is 13.52. Tokio Marine Holdings' value of 20.05% is 48.3% above this industry median. Based on the distribution chart, Tokio Marine Holdings ranks #115 out of 499 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, Tokio Marine Holdings has a GF Score™ of 52/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tokio Marine Holdings' Return-on-Tangible-Equity compare to CB and PGR?
According to the Insurance industry distribution chart, Tokio Marine Holdings ranks #115 out of 499 companies for Return-on-Tangible-Equity. This places Tokio Marine Holdings in the top 23% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 13.52. Tokio Marine Holdings' value of 20.05% is 48.3% above this benchmark. Historically, Tokio Marine Holdings' own Return-on-Tangible-Equity has ranged from 6.62 to 26.57 over the past decade. While the company's 10-year median is 12.33 vs. the industry median of 13.52, Tokio Marine Holdings 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 an Insurance company?
The median Return-on-Tangible-Equity among Insurance companies is 13.52, based on 499 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. Tokio Marine Holdings's current Return-on-Tangible-Equity of 20.05% is 48.3% 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 Tokio Marine Holdings and its competitors. For the Insurance industry, the median Return-on-Tangible-Equity is 13.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokio Marine Holdings's current Return-on-Tangible-Equity is 20.05%, which is 63% above median its own 10-year median of 12.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokio Marine Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tokio Marine Holdings (MEX:8766N) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN661.31, compared to a current price of MXN806.49 — trading 22% above its estimated fair value. The current Return-on-Tangible-Equity is 20.05%, which is 63% above median its 10-year median of 12.33 and 48.3% above the Insurance industry median of 13.52. Tokio Marine Holdings' overall GF Score™ is 52/100 with 5 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 Tokio Marine Holdings (MEX:8766N), the current Return-on-Tangible-Equity is 20.05% as of Dec. 2025. 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 Tokio Marine Holdings (MEX:8766N) Overvalued in 2026?
Based on GuruFocus' analysis, Tokio Marine Holdings stock appears to be overvalued.
The current stock price of MXN806.49 is trading 22% above its estimated GF Value™ of MXN661.31.
GuruFocus considers Tokio Marine Holdings to be Modestly Overvalued.
Key valuation signals for MEX:8766N:
Return-on-Tangible-Equity: 20.05% (63% above median its 10-year median of 12.33)
GF Value™: MXN661.31 vs. price of MXN806.49 (22% above fair value)
Industry Position: 48.3% above the Insurance median (#115 of 499)
No single metric tells the full story. See the MEX:8766N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dating back to 1879, Tokio Marine is the oldest insurance company in Japan and operated as its top property and casualty insurer for decades. Following industry consolidation, it now shares domestic dominance with MS and AD and Sompo. However, Tokio Marine remains by far the most valuable listed Japanese insurer by market capitalization. This premium valuation is driven by an aggressive unwinding of domestic cross-shareholdings and a highly profitable overseas portfolio. The majority of its international business is based in the United States, where it has acquired premium specialty insurers since 2008, including Philadelphia Consolidated, Delphi Financial, Tokio Marine HCC, and Privilege Underwriters Reciprocal Exchange, recently fortified by a capital alliance with Berkshire Hathaway.
52GF Score
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