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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. Kodensha Co's annualized net income for the quarter that ended in Mar. 2026 was 円0 Mil. Kodensha Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円23,280 Mil. Therefore, Kodensha Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 0.00%.
The historical rank and industry rank for Kodensha Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:1948'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.71 Med: 8.56 Max: 13.24
Current: 3.03
During the past 13 years, Kodensha Co's highest Return-on-Tangible-Equity was 13.24%. The lowest was 1.71%. And the median was 8.56%.
TSE:1948's Return-on-Tangible-Equity is ranked worse than 67.31% of 1713
companies
in the Construction industry
Industry Median: 8.21
vs TSE:1948: 3.03
Kodensha Co (TSE:1948) 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.
Kodensha Co Return-on-Tangible-Equity Related Terms
Kodensha Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Kodensha 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:1948 vs PWR, FIX, EME: Return-on-Tangible-Equity Comparison
For the Engineering & Construction subindustry, Kodensha 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.
Kodensha Co Return-on-Tangible-Equity vs Construction Industry
For the Construction industry and Industrials sector, Kodensha Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Kodensha 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 0.00% mean?
Kodensha Co (TSE:1948) has a Return-on-Tangible-Equity of 0.00% 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 Kodensha Co and its competitors. Over the past decade, Kodensha Co's Return-on-Tangible-Equity has ranged from 1.71 to 13.24. According to the industry distribution chart, Kodensha Co ranks #1153 out of 1713 companies in the Construction industry, placing it in the top 67.3%.
Is Kodensha Co's Return-on-Tangible-Equity too high?
Kodensha Co's current Return-on-Tangible-Equity is 0.00%. Over the past 10 years, this metric has ranged from a low of 1.71 to a high of 13.24. Based on the distribution chart, Kodensha Co ranks #1153 out of 1713 companies in the Construction industry, which is below the industry midpoint. Overall, Kodensha Co has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kodensha Co's Return-on-Tangible-Equity compare to PWR and FIX?
According to the Construction industry distribution chart, Kodensha Co ranks #1153 out of 1713 companies for Return-on-Tangible-Equity. This places Kodensha Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 8.21. Historically, Kodensha Co's own Return-on-Tangible-Equity has ranged from 1.71 to 13.24 over the past decade. 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 8.21, based on 1,713 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 Kodensha Co and its competitors. For the Construction industry, the median Return-on-Tangible-Equity is 8.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kodensha Co's current Return-on-Tangible-Equity is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kodensha Co stock overvalued right now?
Based on GuruFocus' analysis, Kodensha Co (TSE:1948) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,044.24, compared to a current price of 円11,400.00 — trading 457.7% above its estimated fair value. The current Return-on-Tangible-Equity is 0.00%. Kodensha Co's overall GF Score™ is 60/100 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 Kodensha Co (TSE:1948), the current Return-on-Tangible-Equity is 0.00% 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 Kodensha Co (TSE:1948) Overvalued in 2026?
Based on GuruFocus' analysis, Kodensha Co stock appears to be overvalued.
The current stock price of 円11,400.00 is trading 457.7% above its estimated GF Value™ of 円2,044.24.
GuruFocus considers Kodensha Co to be Significantly Overvalued.
Key valuation signals for TSE:1948:
Return-on-Tangible-Equity: 0.00%
GF Value™: 円2,044.24 vs. price of 円11,400.00 (457.7% above fair value)
No single metric tells the full story. See the TSE:1948 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kodensha Co Ltd is a specialized company of electrical equipment construction. It has diversified its operations into the following segments. The "Electrical Equipment Construction Business" carries out indoor wiring construction, power transmission line construction, power generation and transformation construction, communication construction, and air conditioning construction. The "Product Sales Business" sells electronic control and measurement machinery and equipment, substation equipment and equipment, machine tools and equipment, information and communication machinery and equipment, refrigeration and air conditioning machinery and equipment, elevators and monitoring, and control equipment.
60GF Score
Get the complete analysis for TSE:1948
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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