BANDAI NAMCO HoldingsNCBDF 93 Return-on-Tangible-Equity is 12.23% as of Mar. 2026, which is 22% below its 10-year median of 15.67. GuruFocus rates NCBDF with a GF Score™ of 93/100 and a GF Value™ of $28.73 (Modestly Undervalued). Among 794 Travel & Leisure companies, BANDAI NAMCO Holdings ranks better than 70.78% 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. BANDAI NAMCO Holdings's annualized net income for the quarter that ended in Mar. 2026 was $645 Mil. BANDAI NAMCO Holdings's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $5,277 Mil. Therefore, BANDAI NAMCO Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 12.23%.
The historical rank and industry rank for BANDAI NAMCO Holdings's Return-on-Tangible-Equity or its related term are showing as below:
NCBDF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 10.87 Med: 15.67 Max: 18.1
Current: 17.6
During the past 13 years, BANDAI NAMCO Holdings's highest Return-on-Tangible-Equity was 18.10%. The lowest was 10.87%. And the median was 15.67%.
NCBDF's Return-on-Tangible-Equity is ranked better than 70.78% of 794
companies
in the Travel & Leisure industry
Industry Median: 7.615
vs NCBDF: 17.60
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.
BANDAI NAMCO Holdings Return-on-Tangible-Equity Related Terms
BANDAI NAMCO Holdings Return-on-Tangible-Equity Historical Data
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The historical data trend for BANDAI NAMCO 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.
NCBDF vs AS, HAS, LTH: Return-on-Tangible-Equity Comparison
For the Leisure subindustry, BANDAI NAMCO 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.
BANDAI NAMCO Holdings Return-on-Tangible-Equity vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, BANDAI NAMCO Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where BANDAI NAMCO 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 (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 12.23% mean?
BANDAI NAMCO Holdings (NCBDF) has a Return-on-Tangible-Equity of 12.23% 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 BANDAI NAMCO Holdings and its competitors. This is 22% below median its historical median of 15.67. Over the past decade, BANDAI NAMCO Holdings' Return-on-Tangible-Equity has ranged from 10.87 to 18.10. According to the industry distribution chart, BANDAI NAMCO Holdings ranks #232 out of 794 companies in the Travel & Leisure industry, placing it in the top 29.2%.
Is BANDAI NAMCO Holdings' Return-on-Tangible-Equity too high?
BANDAI NAMCO Holdings' current Return-on-Tangible-Equity of 12.23% is 22% below median its 10-year median of 15.67. Over the past 10 years, this metric has ranged from a low of 10.87 to a high of 18.10. The Travel & Leisure industry median Return-on-Tangible-Equity is 7.62. BANDAI NAMCO Holdings' value of 12.23% is 60.6% above this industry median. Based on the distribution chart, BANDAI NAMCO Holdings ranks #232 out of 794 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, BANDAI NAMCO Holdings has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BANDAI NAMCO Holdings' Return-on-Tangible-Equity compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, BANDAI NAMCO Holdings ranks #232 out of 794 companies for Return-on-Tangible-Equity. This puts BANDAI NAMCO Holdings in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.62. BANDAI NAMCO Holdings' value of 12.23% is 60.6% above this benchmark. Historically, BANDAI NAMCO Holdings' own Return-on-Tangible-Equity has ranged from 10.87 to 18.10 over the past decade. While the company's 10-year median is 15.67 vs. the industry median of 7.62, BANDAI NAMCO 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 a Travel & Leisure company?
The median Return-on-Tangible-Equity among Travel & Leisure companies is 7.62, based on 794 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. BANDAI NAMCO Holdings's current Return-on-Tangible-Equity of 12.23% is 60.6% 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 BANDAI NAMCO Holdings and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Equity is 7.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BANDAI NAMCO Holdings's current Return-on-Tangible-Equity is 12.23%, which is 22% below median its own 10-year median of 15.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BANDAI NAMCO Holdings stock overvalued right now?
Based on GuruFocus' analysis, BANDAI NAMCO Holdings (NCBDF) is currently considered Modestly Undervalued. The stock's GF Value™ is $28.73, compared to a current price of $22.50 — trading 21.7% below its estimated fair value. The current Return-on-Tangible-Equity is 12.23%, which is 22% below median its 10-year median of 15.67 and 60.6% above the Travel & Leisure industry median of 7.62. BANDAI NAMCO Holdings' overall GF Score™ is 93/100. 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 BANDAI NAMCO Holdings (NCBDF), the current Return-on-Tangible-Equity is 12.23% 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 BANDAI NAMCO Holdings (NCBDF) Overvalued in 2026?
Based on GuruFocus' analysis, BANDAI NAMCO Holdings stock appears to be undervalued.
The current stock price of $22.50 is trading 21.7% below its estimated GF Value™ of $28.73.
GuruFocus considers BANDAI NAMCO Holdings to be Modestly Undervalued.
Key valuation signals for NCBDF:
Return-on-Tangible-Equity: 12.23% (22% below median its 10-year median of 15.67)
GF Value™: $28.73 vs. price of $22.50 (21.7% below fair value)
Industry Position: 60.6% above the Travel & Leisure median (#232 of 794)
No single metric tells the full story. See the NCBDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bandai Namco was established in 2005 through the merger of Bandai (established 1950), a toy manufacturer, and Namco (established 1955), a video game developer and arcade operator. Since then, Bandai Namco has emerged as one of the top entertainment companies in Japan, producing and selling games, toys, animation, and music content for a portfolio of over 400 internationally popular intellectual properties. The company's most notable franchises—Gundam, Dragon Ball, and One Piece are among the highest-grossing franchises in the world.
93GF Score
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