Money ForwardMNYFF -9.04%52 Return-on-Tangible-Equity is 129.30% as of Nov. 2025. GuruFocus rates MNYFF with a GF Score™ of 52/100 and a GF Value™ of $57.81 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 2,466 Software companies, Money Forward ranks better than 74.21% 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. Money Forward's annualized net income for the quarter that ended in Nov. 2025 was $128.2 Mil. Money Forward's average shareholder tangible equity for the quarter that ended in Nov. 2025 was $99.1 Mil. Therefore, Money Forward's annualized Return-on-Tangible-Equity for the quarter that ended in Nov. 2025 was 129.30%.
The historical rank and industry rank for Money Forward's Return-on-Tangible-Equity or its related term are showing as below:
MNYFF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -67.07 Med: -34.14 Max: 27.64
Current: 27.64
During the past 11 years, Money Forward's highest Return-on-Tangible-Equity was 27.64%. The lowest was -67.07%. And the median was -34.14%.
MNYFF's Return-on-Tangible-Equity is ranked better than 74.21% of 2466
companies
in the Software industry
Industry Median: 8.67
vs MNYFF: 27.64
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.
Money Forward Return-on-Tangible-Equity Related Terms
Money Forward Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Money Forward'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.
MNYFF vs UBER, SHOP, CRM: Return-on-Tangible-Equity Comparison
For the Software - Application subindustry, Money Forward'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.
Money Forward Return-on-Tangible-Equity vs Software Industry
For the Software industry and Technology sector, Money Forward's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Money Forward'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 (Nov. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 129.30% mean?
Money Forward (MNYFF) has a Return-on-Tangible-Equity of 129.30% as of Nov. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Money Forward and its competitors. According to the industry distribution chart, Money Forward ranks #636 out of 2466 companies in the Software industry, placing it in the top 25.8%.
Is Money Forward's Return-on-Tangible-Equity too high?
Money Forward's current Return-on-Tangible-Equity is 129.30%. The Software industry median Return-on-Tangible-Equity is 8.67. Money Forward's value of 129.30% is 1391.3% above this industry median. Based on the distribution chart, Money Forward ranks #636 out of 2466 companies in the Software industry, which is above the industry midpoint. Overall, Money Forward has a GF Score™ of 52/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Money Forward's Return-on-Tangible-Equity compare to UBER and SHOP?
According to the Software industry distribution chart, Money Forward ranks #636 out of 2466 companies for Return-on-Tangible-Equity. This puts Money Forward in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.67. Money Forward's value of 129.30% is 1391.3% above this benchmark. 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 8.67, based on 2,466 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. Money Forward's current Return-on-Tangible-Equity of 129.30% is 1391.3% 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 Money Forward and its competitors. For the Software industry, the median Return-on-Tangible-Equity is 8.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Money Forward's current Return-on-Tangible-Equity is 129.30%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Money Forward stock overvalued right now?
Based on GuruFocus' analysis, Money Forward (MNYFF) is currently considered Significantly Undervalued. The stock's GF Value™ is $57.81, compared to a current price of $26.76 — trading 53.7% below its estimated fair value. The current Return-on-Tangible-Equity is 129.30% and 1391.3% above the Software industry median of 8.67. Money Forward's overall GF Score™ is 52/100 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 Money Forward (MNYFF), the current Return-on-Tangible-Equity is 129.30% as of Nov. 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 Money Forward (MNYFF) Overvalued in 2026?
Based on GuruFocus' analysis, Money Forward stock appears to be undervalued.
The current stock price of $26.76 is trading 53.7% below its estimated GF Value™ of $57.81.
GuruFocus considers Money Forward to be Significantly Undervalued.
Key valuation signals for MNYFF:
Return-on-Tangible-Equity: 129.30%
GF Value™: $57.81 vs. price of $26.76 (53.7% below fair value)
Industry Position: 1391.3% above the Software median (#636 of 2466)
No single metric tells the full story. See the MNYFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Money Forward Inc provides money-related services for individuals and corporations. Its service portfolio comprises personal financial management services and MF cloud services. Its personal financial management services include economic media that conveys money related themes, automatic savings app and mirai talk channel where customers can resolve their financial concerns together directly with financial planners. Its MF Cloud services comprise cloud accounting software, cloud-based tax return, invoice preparation software, payroll calculation, and cloud-based payment reconciliation.
52GF Score
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