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.
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. Meiji Holdings Co's annualized net income for the quarter that ended in Mar. 2026 was 円-14,972 Mil. Meiji Holdings Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円746,298 Mil. Therefore, Meiji Holdings Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -2.01%.
The historical rank and industry rank for Meiji Holdings Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:2269'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.74 Med: 12.02 Max: 15.14
Current: 4.78
During the past 13 years, Meiji Holdings Co's highest Return-on-Tangible-Equity was 15.14%. The lowest was 4.74%. And the median was 12.02%.
TSE:2269's Return-on-Tangible-Equity is ranked worse than 61.2% of 1879
companies
in the Consumer Packaged Goods industry
Industry Median: 7.78
vs TSE:2269: 4.78
Meiji Holdings Co (TSE:2269) 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.
Meiji Holdings Co Return-on-Tangible-Equity Related Terms
Meiji Holdings Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Meiji 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:2269 vs KHC, GIS: Return-on-Tangible-Equity Comparison
For the Packaged Foods subindustry, Meiji 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.
Meiji Holdings Co Return-on-Tangible-Equity vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Meiji Holdings Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Meiji 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 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 -2.01% mean?
Meiji Holdings Co (TSE:2269) has a Return-on-Tangible-Equity of -2.01% 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 Meiji Holdings Co and its competitors. Over the past decade, Meiji Holdings Co's Return-on-Tangible-Equity has ranged from 4.74 to 15.14. According to the industry distribution chart, Meiji Holdings Co ranks #1150 out of 1879 companies in the Consumer Packaged Goods industry, placing it in the top 61.2%.
Is Meiji Holdings Co's Return-on-Tangible-Equity too high?
Meiji Holdings Co's current Return-on-Tangible-Equity is -2.01%. Over the past 10 years, this metric has ranged from a low of 4.74 to a high of 15.14. Based on the distribution chart, Meiji Holdings Co ranks #1150 out of 1879 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Meiji Holdings Co has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Meiji Holdings Co's Return-on-Tangible-Equity compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Meiji Holdings Co ranks #1150 out of 1879 companies for Return-on-Tangible-Equity. This places Meiji Holdings Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.78. Historically, Meiji Holdings Co's own Return-on-Tangible-Equity has ranged from 4.74 to 15.14 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 Consumer Packaged Goods company?
The median Return-on-Tangible-Equity among Consumer Packaged Goods companies is 7.78, based on 1,879 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 Meiji Holdings Co and its competitors. For the Consumer Packaged Goods industry, the median Return-on-Tangible-Equity is 7.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Meiji Holdings Co's current Return-on-Tangible-Equity is -2.01%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meiji Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Meiji Holdings Co (TSE:2269) is currently considered Fairly Valued. The stock's GF Value™ is 円3,762.19, compared to a current price of 円3,744.00 — trading 0.5% below its estimated fair value. The current Return-on-Tangible-Equity is -2.01%. Meiji Holdings Co's overall GF Score™ is 66/100 with 9 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 Meiji Holdings Co (TSE:2269), the current Return-on-Tangible-Equity is -2.01% 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 Meiji Holdings Co (TSE:2269) Overvalued in 2026?
Based on GuruFocus' analysis, Meiji Holdings Co stock appears to be undervalued.
The current stock price of 円3,744.00 is trading 0.5% below its estimated GF Value™ of 円3,762.19.
GuruFocus considers Meiji Holdings Co to be Fairly Valued.
Key valuation signals for TSE:2269:
Return-on-Tangible-Equity: -2.01%
GF Value™: 円3,762.19 vs. price of 円3,744.00 (0.5% below fair value)
No single metric tells the full story. See the TSE:2269 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Meiji Holdings was established in 2009 as a merged entity of Meiji Dairies, Japan's largest dairy company, and Meiji Seika, the country's number-two confectionery maker. A surge in commodity prices, Japan's aging and shrinking population, and fierce competition propelled the amalgamation. The food business—dairy, cacao, nutrition, and food solutions—represents about 80% of the group's sales and 70% of profits. The rest comes from the pharmaceutical business, specializing in antibacterial and generic drugs, as well as vaccines. Overseas food operations, mainly in China, the US, and Southeast Asia, constitute merely 6.5% of the group's sales, which are in the red due to a surge in investment in China's new factories and fierce price competition initiated by Chinese dairymakers.
66GF Score
Get the complete analysis for TSE:2269
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:2269 has been successfully added to your 
