ShimanoSHMDF 67 Return-on-Tangible-Equity is 8.52% as of Dec. 2025, which is 29% below its 10-year median of 12.00. GuruFocus rates SHMDF with a GF Score™ of 67/100 and a GF Value™ of $118.61 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 797 Travel & Leisure companies, Shimano ranks worse than 58.72% 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. Shimano's annualized net income for the quarter that ended in Dec. 2025 was $459 Mil. Shimano's average shareholder tangible equity for the quarter that ended in Dec. 2025 was $5,385 Mil. Therefore, Shimano's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 8.52%.
The historical rank and industry rank for Shimano's Return-on-Tangible-Equity or its related term are showing as below:
SHMDF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.01 Med: 12 Max: 20.82
Current: 4.53
During the past 13 years, Shimano's highest Return-on-Tangible-Equity was 20.82%. The lowest was 4.01%. And the median was 12.00%.
SHMDF's Return-on-Tangible-Equity is ranked worse than 58.72% of 797
companies
in the Travel & Leisure industry
Industry Median: 7.54
vs SHMDF: 4.53
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.
Shimano Return-on-Tangible-Equity Related Terms
Shimano Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Shimano'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.
SHMDF vs AS, HAS, LTH: Return-on-Tangible-Equity Comparison
For the Leisure subindustry, Shimano'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.
Shimano Return-on-Tangible-Equity vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Shimano's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Shimano'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 8.52% mean?
Shimano (SHMDF) has a Return-on-Tangible-Equity of 8.52% 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 Shimano and its competitors. This is 29% below median its historical median of 12.00. Over the past decade, Shimano's Return-on-Tangible-Equity has ranged from 4.01 to 20.82. According to the industry distribution chart, Shimano ranks #468 out of 797 companies in the Travel & Leisure industry, placing it in the top 58.7%.
Is Shimano's Return-on-Tangible-Equity too high?
Shimano's current Return-on-Tangible-Equity of 8.52% is 29% below median its 10-year median of 12.00. Over the past 10 years, this metric has ranged from a low of 4.01 to a high of 20.82. The Travel & Leisure industry median Return-on-Tangible-Equity is 7.54. Shimano's value of 8.52% is 13% above this industry median. Based on the distribution chart, Shimano ranks #468 out of 797 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Shimano has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shimano's Return-on-Tangible-Equity compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Shimano ranks #468 out of 797 companies for Return-on-Tangible-Equity. This places Shimano in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.54. Shimano's value of 8.52% is 13% above this benchmark. Historically, Shimano's own Return-on-Tangible-Equity has ranged from 4.01 to 20.82 over the past decade. While the company's 10-year median is 12.00 vs. the industry median of 7.54, Shimano 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 7.54, based on 797 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. Shimano's current Return-on-Tangible-Equity of 8.52% is 13% 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 Shimano and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Equity is 7.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shimano's current Return-on-Tangible-Equity is 8.52%, which is 29% below median its own 10-year median of 12.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shimano stock overvalued right now?
Based on GuruFocus' analysis, Shimano (SHMDF) is currently considered Modestly Undervalued. The stock's GF Value™ is $118.61, compared to a current price of $102.74 — trading 13.4% below its estimated fair value. The current Return-on-Tangible-Equity is 8.52%, which is 29% below median its 10-year median of 12.00 and 13% above the Travel & Leisure industry median of 7.54. Shimano's overall GF Score™ is 67/100 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 Shimano (SHMDF), the current Return-on-Tangible-Equity is 8.52% 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 Shimano (SHMDF) Overvalued in 2026?
Based on GuruFocus' analysis, Shimano stock appears to be undervalued.
The current stock price of $102.74 is trading 13.4% below its estimated GF Value™ of $118.61.
GuruFocus considers Shimano to be Modestly Undervalued.
Key valuation signals for SHMDF:
Return-on-Tangible-Equity: 8.52% (29% below median its 10-year median of 12.00)
GF Value™: $118.61 vs. price of $102.74 (13.4% below fair value)
Industry Position: 13% above the Travel & Leisure median (#468 of 797)
No single metric tells the full story. See the SHMDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shimano, founded in 1921 and headquartered in Osaka, Japan, is a global leader in the development, production, and distribution of bicycle components, fishing tackle, and rowing equipment. The company also offers lifestyle gear, including apparel, shoes, and bags. With a strong international presence across Japan, Asia, Europe, the Americas, and Oceania, Shimano serves a diverse range of recreational and sporting markets worldwide.
67GF Score
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