Totetsu Kogyo Co (TSE:1835) Return-on-Tangible-Equity: 14.22% (As of Mar. 2026) — 36% Above Median

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TSE:1835 Totetsu Kogyo Co Ltd TSE:1835
75 GF Score
Price 円4,000.00
GF Value 円3,741.11
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Totetsu Kogyo Co Return-on-Tangible-Equity?

Totetsu Kogyo Co TSE:1835 -0.50% 75 Return-on-Tangible-Equity is 14.22% as of Mar. 2026, which is 36% above its 10-year median of 10.43. GuruFocus rates TSE:1835 with a GF Score™ of 75/100 and a GF Value™ of 円3,741.11 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,710 Construction companies, Totetsu Kogyo Co ranks better than 55.73% 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. Totetsu Kogyo Co's annualized net income for the quarter that ended in Mar. 2026 was 円18,321 Mil. Totetsu Kogyo Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円128,877 Mil. Therefore, Totetsu Kogyo Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 14.22%.

The historical rank and industry rank for Totetsu Kogyo Co's Return-on-Tangible-Equity or its related term are showing as below:

TSE:1835' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.56   Med: 10.43   Max: 14.65
Current: 10.17

During the past 13 years, Totetsu Kogyo Co's highest Return-on-Tangible-Equity was 14.65%. The lowest was 5.56%. And the median was 10.43%.

TSE:1835's Return-on-Tangible-Equity is ranked better than
55.73% of 1710 companies
in the Construction industry
Industry Median: 8.23 vs TSE:1835: 10.17

Totetsu Kogyo Co  (TSE:1835) 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.


Totetsu Kogyo Co Return-on-Tangible-Equity Related Terms


Totetsu Kogyo Co Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Totetsu Kogyo 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.

Totetsu Kogyo Co Return-on-Tangible-Equity Chart

Totetsu Kogyo Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.56 7.96 7.83 10.10 10.23

Totetsu Kogyo Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.81 9.14 12.23 14.22 5.08

TSE:1835 vs PWR, FIX, EME: Return-on-Tangible-Equity Comparison

For the Engineering & Construction subindustry, Totetsu Kogyo 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.


Totetsu Kogyo Co Return-on-Tangible-Equity vs Construction Industry

For the Construction industry and Industrials sector, Totetsu Kogyo Co's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Totetsu Kogyo Co's Return-on-Tangible-Equity falls into.


TSE:1835
75GF Score
Totetsu Kogyo Co Ltd TSE:1835
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Totetsu Kogyo Co Return-on-Tangible-Equity Calculation

Totetsu Kogyo Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=12845.281/( (118964.071+132247.047 )/ 2 )
=12845.281/125605.559
=10.23 %

Totetsu Kogyo Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=18320.676/( (125507.463+132247.047)/ 2 )
=18320.676/128877.255
=14.22 %

* 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 14.22% mean?
Totetsu Kogyo Co (TSE:1835) has a Return-on-Tangible-Equity of 14.22% 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 Totetsu Kogyo Co and its competitors. This is 36% above median its historical median of 10.43. Over the past decade, Totetsu Kogyo Co's Return-on-Tangible-Equity has ranged from 5.56 to 14.65. According to the industry distribution chart, Totetsu Kogyo Co ranks #757 out of 1710 companies in the Construction industry, placing it in the top 44.3%.
Is Totetsu Kogyo Co's Return-on-Tangible-Equity too high?
Totetsu Kogyo Co's current Return-on-Tangible-Equity of 14.22% is 36% above median its 10-year median of 10.43. Over the past 10 years, this metric has ranged from a low of 5.56 to a high of 14.65. The Construction industry median Return-on-Tangible-Equity is 8.23. Totetsu Kogyo Co's value of 14.22% is 72.8% above this industry median. Based on the distribution chart, Totetsu Kogyo Co ranks #757 out of 1710 companies in the Construction industry, which is above the industry midpoint. Overall, Totetsu Kogyo Co has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Totetsu Kogyo Co's Return-on-Tangible-Equity compare to PWR and FIX?
According to the Construction industry distribution chart, Totetsu Kogyo Co ranks #757 out of 1710 companies for Return-on-Tangible-Equity. This puts Totetsu Kogyo Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.23. Totetsu Kogyo Co's value of 14.22% is 72.8% above this benchmark. Historically, Totetsu Kogyo Co's own Return-on-Tangible-Equity has ranged from 5.56 to 14.65 over the past decade. While the company's 10-year median is 10.43 vs. the industry median of 8.23, Totetsu Kogyo 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 Construction company?
The median Return-on-Tangible-Equity among Construction companies is 8.23, based on 1,710 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. Totetsu Kogyo Co's current Return-on-Tangible-Equity of 14.22% is 72.8% 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 Totetsu Kogyo Co and its competitors. For the Construction industry, the median Return-on-Tangible-Equity is 8.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Totetsu Kogyo Co's current Return-on-Tangible-Equity is 14.22%, which is 36% above median its own 10-year median of 10.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Totetsu Kogyo Co stock overvalued right now?
Based on GuruFocus' analysis, Totetsu Kogyo Co (TSE:1835) is currently considered Fairly Valued. The stock's GF Value™ is 円3,741.11, compared to a current price of 円4,000.00 — trading 6.9% above its estimated fair value. The current Return-on-Tangible-Equity is 14.22%, which is 36% above median its 10-year median of 10.43 and 72.8% above the Construction industry median of 8.23. Totetsu Kogyo Co's overall GF Score™ is 75/100 with 2 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 Totetsu Kogyo Co (TSE:1835), the current Return-on-Tangible-Equity is 14.22% 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 Totetsu Kogyo Co (TSE:1835) Overvalued in 2026?

Based on GuruFocus' analysis, Totetsu Kogyo Co stock appears to be overvalued. The current stock price of 円4,000.00 is trading 6.9% above its estimated GF Value™ of 円3,741.11. GuruFocus considers Totetsu Kogyo Co to be Fairly Valued.

Key valuation signals for TSE:1835:

  • Return-on-Tangible-Equity: 14.22% (36% above median its 10-year median of 10.43)
  • GF Value™: 円3,741.11 vs. price of 円4,000.00 (6.9% above fair value)
  • GF Score™: 75/100 with 2 warning signs
  • Industry Position: 72.8% above the Construction median (#757 of 1710)

No single metric tells the full story. See the TSE:1835 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Totetsu Kogyo Co Business Description

Address 4th Floor, JR Shinanomachi Building, 34 Shinanomachi, Shinjuku-ku, Tokyo, JPN, 160-8589
Totetsu Kogyo Co Ltd is a construction company. Its operating segments are Civil Engineering, Railway track maintenance, Architectural and Environmental segment. It undertakes various projects such as construction, renovation, reinforcement of elevated bridges and railway platform edge doors for passenger protection along with building new railway tracks for the Shinkansen, public and private sectors. The company is also engaged in construction and maintenance of station buildings for railway lines, apartment houses, office buildings, hotels, shops, and schools. Additionally, it also provides environmental technology and services, like construction of solar power generation systems, greening of buildings, and implementing energy conservation systems for air conditioning.
75GF Score

Get the complete analysis for TSE:1835

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円4,000.00
Price
円3,741.11
GF Value