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.
GAIATSE:154A 27 Return-on-Tangible-Equity is 3.89% as of Dec. 2025, which is 66% below its 10-year median of 11.43. GuruFocus rates TSE:154A with a GF Score™ of 27/100. The stock has 3 warning signs investors should review.
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. GAIA's annualized net income for the quarter that ended in Dec. 2025 was 円10.2 Mil. GAIA's average shareholder tangible equity for the quarter that ended in Dec. 2025 was 円263.4 Mil. Therefore, GAIA's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 3.89%.
The historical rank and industry rank for GAIA's Return-on-Tangible-Equity or its related term are showing as below:
TSE:154A'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 9.18 Med: 11.43 Max: 18.44
Current: 9.18
During the past 5 years, GAIA's highest Return-on-Tangible-Equity was 18.44%. The lowest was 9.18%. And the median was 11.43%.
TSE:154A's Return-on-Tangible-Equity is not ranked
in the Asset Management industry.
Industry Median: 7.21
vs TSE:154A: 9.18
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.
GAIA Return-on-Tangible-Equity Related Terms
GAIA Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for GAIA'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:154A vs : Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, GAIA'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.
GAIA Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, GAIA's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where GAIA'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 (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 3.89% mean?
GAIA (TSE:154A) has a Return-on-Tangible-Equity of 3.89% 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 GAIA and its competitors. This is 66% below median its historical median of 11.43. Over the past decade, GAIA's Return-on-Tangible-Equity has ranged from 9.18 to 18.44.
Is GAIA's Return-on-Tangible-Equity too high?
GAIA's current Return-on-Tangible-Equity of 3.89% is 66% below median its 10-year median of 11.43. Over the past 10 years, this metric has ranged from a low of 9.18 to a high of 18.44. The Asset Management industry median Return-on-Tangible-Equity is 7.21. GAIA's value of 3.89% is 46% below this industry median. Overall, GAIA has a GF Score™ of 27/100, reflecting its overall financial health beyond just this single metric.
How does GAIA's Return-on-Tangible-Equity compare to ?
GAIA's Return-on-Tangible-Equity of 3.89% can be compared against companies in the Asset Management industry. The industry median Return-on-Tangible-Equity is 7.21. GAIA's value of 3.89% is 46% below this benchmark. Historically, GAIA's own Return-on-Tangible-Equity has ranged from 9.18 to 18.44 over the past decade. While the company's 10-year median is 11.43 vs. the industry median of 7.21, GAIA has consistently been below 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 an Asset Management company?
The median Return-on-Tangible-Equity among Asset Management companies is 7.21, based on 1,590 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. GAIA's current Return-on-Tangible-Equity of 3.89% is 46% below 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 GAIA and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GAIA's current Return-on-Tangible-Equity is 3.89%, which is 66% below median its own 10-year median of 11.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GAIA stock overvalued right now?
GAIA (TSE:154A) has a current Return-on-Tangible-Equity of 3.89%. The current Return-on-Tangible-Equity is 3.89%, which is 66% below median its 10-year median of 11.43 and 46% below the Asset Management industry median of 7.21. GAIA's overall GF Score™ is 27/100 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 GAIA (TSE:154A), the current Return-on-Tangible-Equity is 3.89% 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.
GAIA Inc is engaged in asset management design advice business (financial planning business). It business includes financial services related to financial planning business, financial instruments intermediary service, insurance agency business, and bank agency business by fee-based IFA (Independent Financial Advisor).
27GF Score
Get the complete analysis for TSE:154A
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
TSE:154A has been successfully added to your 
