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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. IN Holdings Co's annualized net income for the quarter that ended in Apr. 2026 was 円193 Mil. IN Holdings Co's average shareholder tangible equity for the quarter that ended in Apr. 2026 was 円1,136 Mil. Therefore, IN Holdings Co's annualized Return-on-Tangible-Equity for the quarter that ended in Apr. 2026 was 16.96%.
The historical rank and industry rank for IN Holdings Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:132A'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.88 Med: 13.82 Max: 25.75
Current: 8.92
During the past 4 years, IN Holdings Co's highest Return-on-Tangible-Equity was 25.75%. The lowest was 3.88%. And the median was 13.82%.
TSE:132A's Return-on-Tangible-Equity is not ranked
in the Transportation industry.
Industry Median: 9.015
vs TSE:132A: 8.92
IN Holdings Co (TSE:132A) 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.
IN Holdings Co Return-on-Tangible-Equity Related Terms
IN Holdings Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for IN 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.
TSE:132A vs : Return-on-Tangible-Equity Comparison
For the Integrated Freight & Logistics subindustry, IN 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.
IN Holdings Co Return-on-Tangible-Equity vs Transportation Industry
For the Transportation industry and Industrials sector, IN Holdings Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where IN 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 (Apr. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 16.96% mean?
IN Holdings Co (TSE:132A) has a Return-on-Tangible-Equity of 16.96% as of Apr. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on IN Holdings Co and its competitors. This is 23% above median its historical median of 13.82. Over the past decade, IN Holdings Co's Return-on-Tangible-Equity has ranged from 3.88 to 25.75.
Is IN Holdings Co's Return-on-Tangible-Equity too high?
IN Holdings Co's current Return-on-Tangible-Equity of 16.96% is 23% above median its 10-year median of 13.82. Over the past 10 years, this metric has ranged from a low of 3.88 to a high of 25.75. The Transportation industry median Return-on-Tangible-Equity is 9.02. IN Holdings Co's value of 16.96% is 88.1% above this industry median. Overall, IN Holdings Co has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does IN Holdings Co's Return-on-Tangible-Equity compare to ?
IN Holdings Co's Return-on-Tangible-Equity of 16.96% can be compared against companies in the Transportation industry. The industry median Return-on-Tangible-Equity is 9.02. IN Holdings Co's value of 16.96% is 88.1% above this benchmark. Historically, IN Holdings Co's own Return-on-Tangible-Equity has ranged from 3.88 to 25.75 over the past decade. While the company's 10-year median is 13.82 vs. the industry median of 9.02, IN 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 Transportation company?
The median Return-on-Tangible-Equity among Transportation companies is 9.02, based on 978 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. IN Holdings Co's current Return-on-Tangible-Equity of 16.96% is 88.1% 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 IN Holdings Co and its competitors. For the Transportation industry, the median Return-on-Tangible-Equity is 9.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IN Holdings Co's current Return-on-Tangible-Equity is 16.96%, which is 23% above median its own 10-year median of 13.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IN Holdings Co stock overvalued right now?
IN Holdings Co (TSE:132A) has a current Return-on-Tangible-Equity of 16.96%. The current Return-on-Tangible-Equity is 16.96%, which is 23% above median its 10-year median of 13.82 and 88.1% above the Transportation industry median of 9.02. IN Holdings Co's overall GF Score™ is 12/100 with 5 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 IN Holdings Co (TSE:132A), the current Return-on-Tangible-Equity is 16.96% as of Apr. 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.
IN Holdings Co Ltd is engaged in logistics business in Japan. It has wide range of operations, including general cargo business, as well as warehousing, packaging, vehicle transportation, and export.
12GF Score
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