Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Maruhachi Holdings CoNGO:3504 -0.37%61 Return-on-Tangible-Equity is 9.27% as of Mar. 2026, which is 209% above its 10-year median of 3.00. GuruFocus rates NGO:3504 with a GF Score™ of 61/100 and a GF Value™ of 円907.42 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 421 Furnishings, Fixtures & Appliances companies, Maruhachi Holdings Co ranks better than 56.06% 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. Maruhachi Holdings Co's annualized net income for the quarter that ended in Mar. 2026 was 円5,273 Mil. Maruhachi Holdings Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円56,904 Mil. Therefore, Maruhachi Holdings Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 9.27%.
The historical rank and industry rank for Maruhachi Holdings Co's Return-on-Tangible-Equity or its related term are showing as below:
NGO:3504'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.09 Med: 3 Max: 6.58
Current: 6.58
During the past 12 years, Maruhachi Holdings Co's highest Return-on-Tangible-Equity was 6.58%. The lowest was 1.09%. And the median was 3.00%.
NGO:3504's Return-on-Tangible-Equity is ranked better than 56.06% of 421
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 5.07
vs NGO:3504: 6.58
Maruhachi Holdings Co (NGO:3504) 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.
Maruhachi Holdings Co Return-on-Tangible-Equity Related Terms
Maruhachi Holdings Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Maruhachi Holdings 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.
Maruhachi Holdings Co Return-on-Tangible-Equity Chart
NGO:3504 vs SN, SGI, MHK: Return-on-Tangible-Equity Comparison
For the Furnishings, Fixtures & Appliances subindustry, Maruhachi Holdings 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.
Maruhachi Holdings Co Return-on-Tangible-Equity vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Maruhachi Holdings Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Maruhachi Holdings 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 two times the semi-annual (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 9.27% mean?
Maruhachi Holdings Co (NGO:3504) has a Return-on-Tangible-Equity of 9.27% 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 Maruhachi Holdings Co and its competitors. This is 209% above median its historical median of 3.00. Over the past decade, Maruhachi Holdings Co's Return-on-Tangible-Equity has ranged from 1.09 to 6.58. According to the industry distribution chart, Maruhachi Holdings Co ranks #185 out of 421 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 43.9%.
Is Maruhachi Holdings Co's Return-on-Tangible-Equity too high?
Maruhachi Holdings Co's current Return-on-Tangible-Equity of 9.27% is 209% above median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 1.09 to a high of 6.58. The Furnishings, Fixtures & Appliances industry median Return-on-Tangible-Equity is 5.07. Maruhachi Holdings Co's value of 9.27% is 82.8% above this industry median. Based on the distribution chart, Maruhachi Holdings Co ranks #185 out of 421 companies in the Furnishings, Fixtures & Appliances industry, which is above the industry midpoint. Overall, Maruhachi Holdings Co has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Maruhachi Holdings Co's Return-on-Tangible-Equity compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Maruhachi Holdings Co ranks #185 out of 421 companies for Return-on-Tangible-Equity. This puts Maruhachi Holdings Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.07. Maruhachi Holdings Co's value of 9.27% is 82.8% above this benchmark. Historically, Maruhachi Holdings Co's own Return-on-Tangible-Equity has ranged from 1.09 to 6.58 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.07, Maruhachi Holdings Co 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 Furnishings, Fixtures & Appliances company?
The median Return-on-Tangible-Equity among Furnishings, Fixtures & Appliances companies is 5.07, based on 421 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. Maruhachi Holdings Co's current Return-on-Tangible-Equity of 9.27% is 82.8% 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 Maruhachi Holdings Co and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Return-on-Tangible-Equity is 5.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maruhachi Holdings Co's current Return-on-Tangible-Equity is 9.27%, which is 209% above median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maruhachi Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Maruhachi Holdings Co (NGO:3504) is currently considered Significantly Overvalued. The stock's GF Value™ is 円907.42, compared to a current price of 円1,335.00 — trading 47.1% above its estimated fair value. The current Return-on-Tangible-Equity is 9.27%, which is 209% above median its 10-year median of 3.00 and 82.8% above the Furnishings, Fixtures & Appliances industry median of 5.07. Maruhachi Holdings Co's overall GF Score™ is 61/100 with 7 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 Maruhachi Holdings Co (NGO:3504), the current Return-on-Tangible-Equity is 9.27% 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 Maruhachi Holdings Co (NGO:3504) Overvalued in 2026?
Based on GuruFocus' analysis, Maruhachi Holdings Co stock appears to be overvalued.
The current stock price of 円1,335.00 is trading 47.1% above its estimated GF Value™ of 円907.42.
GuruFocus considers Maruhachi Holdings Co to be Significantly Overvalued.
Key valuation signals for NGO:3504:
Return-on-Tangible-Equity: 9.27% (209% above median its 10-year median of 3.00)
GF Value™: 円907.42 vs. price of 円1,335.00 (47.1% above fair value)
Industry Position: 82.8% above the Furnishings, Fixtures & Appliances median (#185 of 421)
No single metric tells the full story. See the NGO:3504 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Maruhachi Holdings Co Ltd manufactures and sells bedding products including bedding feathers, wool bedding, & fur bedding; and also offers curtains. It is also engaged in real estate leasing business.
61GF Score
Get the complete analysis for NGO:3504
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NGO:3504 has been successfully added to your 
