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As Partners CoTSE:160A +0.29%9 Return-on-Tangible-Equity is 3.68% as of Mar. 2026, which is 87% below its 10-year median of 27.83. GuruFocus rates TSE:160A with a GF Score™ of 9/100. The stock has 3 warning signs investors should review. Among 550 Conglomerates companies, As Partners Co ranks better than 85.64% 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. As Partners Co's annualized net income for the quarter that ended in Mar. 2026 was 円185 Mil. As Partners Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円5,039 Mil. Therefore, As Partners Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 3.68%.
The historical rank and industry rank for As Partners Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:160A'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 13.75 Med: 27.83 Max: 30.7
Current: 25.1
During the past 5 years, As Partners Co's highest Return-on-Tangible-Equity was 30.70%. The lowest was 13.75%. And the median was 27.83%.
TSE:160A's Return-on-Tangible-Equity is ranked better than 85.64% of 550
companies
in the Conglomerates industry
Industry Median: 7.465
vs TSE:160A: 25.10
As Partners Co (TSE:160A) 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.
As Partners Co Return-on-Tangible-Equity Related Terms
As Partners Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for As Partners 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:160A vs HON, MMM: Return-on-Tangible-Equity Comparison
For the Conglomerates subindustry, As Partners 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.
As Partners Co Return-on-Tangible-Equity vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, As Partners Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where As Partners 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 3.68% mean?
As Partners Co (TSE:160A) has a Return-on-Tangible-Equity of 3.68% 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 As Partners Co and its competitors. This is 87% below median its historical median of 27.83. Over the past decade, As Partners Co's Return-on-Tangible-Equity has ranged from 13.75 to 30.70. According to the industry distribution chart, As Partners Co ranks #79 out of 550 companies in the Conglomerates industry, placing it in the top 14.4%.
Is As Partners Co's Return-on-Tangible-Equity too high?
As Partners Co's current Return-on-Tangible-Equity of 3.68% is 87% below median its 10-year median of 27.83. Over the past 10 years, this metric has ranged from a low of 13.75 to a high of 30.70. The Conglomerates industry median Return-on-Tangible-Equity is 7.47. As Partners Co's value of 3.68% is 50.7% below this industry median. Based on the distribution chart, As Partners Co ranks #79 out of 550 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, As Partners Co has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does As Partners Co's Return-on-Tangible-Equity compare to HON and MMM?
According to the Conglomerates industry distribution chart, As Partners Co ranks #79 out of 550 companies for Return-on-Tangible-Equity. This places As Partners Co in the top 14% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.47. As Partners Co's value of 3.68% is 50.7% below this benchmark. Historically, As Partners Co's own Return-on-Tangible-Equity has ranged from 13.75 to 30.70 over the past decade. While the company's 10-year median is 27.83 vs. the industry median of 7.47, As Partners Co 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 a Conglomerates company?
The median Return-on-Tangible-Equity among Conglomerates companies is 7.47, based on 550 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. As Partners Co's current Return-on-Tangible-Equity of 3.68% is 50.7% 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 As Partners Co and its competitors. For the Conglomerates industry, the median Return-on-Tangible-Equity is 7.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. As Partners Co's current Return-on-Tangible-Equity is 3.68%, which is 87% below median its own 10-year median of 27.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is As Partners Co stock overvalued right now?
As Partners Co (TSE:160A) has a current Return-on-Tangible-Equity of 3.68%. The current Return-on-Tangible-Equity is 3.68%, which is 87% below median its 10-year median of 27.83 and 50.7% below the Conglomerates industry median of 7.47. As Partners Co's overall GF Score™ is 9/100 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 As Partners Co (TSE:160A), the current Return-on-Tangible-Equity is 3.68% 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.
As Partners Co Ltd is engaged in two business Senior business and Real estate business. Senior business includes management of nursing homes (paid nursing homes with nursing care) (life care for residents of general specified facilities), day services, and short stays. Real estate business includes real estate ownership, residential lot sales, real estate revitalization consulting, etc.
9GF Score
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