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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. A-Zenith Home Furnishings Co's annualized net income for the quarter that ended in Mar. 2026 was ¥-59.1 Mil. A-Zenith Home Furnishings Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥155.5 Mil. Therefore, A-Zenith Home Furnishings Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -38.04%.
The historical rank and industry rank for A-Zenith Home Furnishings Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:603389'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -44.92 Med: -14.76 Max: 12.8
Current: -29.93
During the past 13 years, A-Zenith Home Furnishings Co's highest Return-on-Tangible-Equity was 12.80%. The lowest was -44.92%. And the median was -14.76%.
SHSE:603389's Return-on-Tangible-Equity is ranked worse than 90.97% of 421
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 5.07
vs SHSE:603389: -29.93
A-Zenith Home Furnishings Co (SHSE:603389) 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.
A-Zenith Home Furnishings Co Return-on-Tangible-Equity Related Terms
A-Zenith Home Furnishings Co Return-on-Tangible-Equity Historical Data
* 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.
A-Zenith Home Furnishings Co Return-on-Tangible-Equity Chart
SHSE:603389 vs SN, SGI, MHK: Return-on-Tangible-Equity Comparison
For the Furnishings, Fixtures & Appliances subindustry, A-Zenith Home Furnishings 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.
A-Zenith Home Furnishings Co Return-on-Tangible-Equity vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, A-Zenith Home Furnishings Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where A-Zenith Home Furnishings 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 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 -38.04% mean?
A-Zenith Home Furnishings Co (SHSE:603389) has a Return-on-Tangible-Equity of -38.04% 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 A-Zenith Home Furnishings Co and its competitors. According to the industry distribution chart, A-Zenith Home Furnishings Co ranks #383 out of 421 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 91%.
Is A-Zenith Home Furnishings Co's Return-on-Tangible-Equity too high?
A-Zenith Home Furnishings Co's current Return-on-Tangible-Equity is -38.04%. Based on the distribution chart, A-Zenith Home Furnishings Co ranks #383 out of 421 companies in the Furnishings, Fixtures & Appliances industry, which is in the bottom quartile relative to peers. Overall, A-Zenith Home Furnishings Co has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does A-Zenith Home Furnishings Co's Return-on-Tangible-Equity compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, A-Zenith Home Furnishings Co ranks #383 out of 421 companies for Return-on-Tangible-Equity. This places A-Zenith Home Furnishings Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.07. 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. 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 A-Zenith Home Furnishings 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. A-Zenith Home Furnishings Co's current Return-on-Tangible-Equity is -38.04%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is A-Zenith Home Furnishings Co stock overvalued right now?
Based on GuruFocus' analysis, A-Zenith Home Furnishings Co (SHSE:603389) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥21.27, compared to a current price of ¥46.08 — trading 116.6% above its estimated fair value. The current Return-on-Tangible-Equity is -38.04%. A-Zenith Home Furnishings Co's overall GF Score™ is 52/100 with 3 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 A-Zenith Home Furnishings Co (SHSE:603389), the current Return-on-Tangible-Equity is -38.04% 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 A-Zenith Home Furnishings Co (SHSE:603389) Overvalued in 2026?
Based on GuruFocus' analysis, A-Zenith Home Furnishings Co stock appears to be overvalued.
The current stock price of ¥46.08 is trading 116.6% above its estimated GF Value™ of ¥21.27.
GuruFocus considers A-Zenith Home Furnishings Co to be Significantly Overvalued.
Key valuation signals for SHSE:603389:
Return-on-Tangible-Equity: -38.04%
GF Value™: ¥21.27 vs. price of ¥46.08 (116.6% above fair value)
No single metric tells the full story. See the SHSE:603389 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
A-Zenith Home Furnishings Co Ltd is engaged in designing, manufacturing and selling of furniture. Its products include bedroom furniture, study furniture, restaurant furniture, and parlor furniture.
52GF Score
Get the complete analysis for SHSE:603389
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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