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.
Forside CoTSE:2330 -5.06%53 Return-on-Tangible-Equity is 0.00% as of Dec. 2025. GuruFocus rates TSE:2330 with a GF Score™ of 53/100 and a GF Value™ of 円265.46 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 794 Travel & Leisure companies, Forside Co ranks worse than 53.65% 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. Forside Co's annualized net income for the quarter that ended in Dec. 2025 was 円0 Mil. Forside Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was 円2,745 Mil. Therefore, Forside Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 0.00%.
The historical rank and industry rank for Forside Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:2330'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -46.87 Med: 3.08 Max: 16.7
Current: 5.83
During the past 13 years, Forside Co's highest Return-on-Tangible-Equity was 16.70%. The lowest was -46.87%. And the median was 3.08%.
TSE:2330's Return-on-Tangible-Equity is ranked worse than 53.65% of 794
companies
in the Travel & Leisure industry
Industry Median: 7.7
vs TSE:2330: 5.83
Forside Co (TSE:2330) 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.
Forside Co Return-on-Tangible-Equity Related Terms
Forside Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Forside 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:2330 vs AS, HAS, LTH: Return-on-Tangible-Equity Comparison
For the Leisure subindustry, Forside 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.
Forside Co Return-on-Tangible-Equity vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Forside Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Forside 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 (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 0.00% mean?
Forside Co (TSE:2330) has a Return-on-Tangible-Equity of 0.00% 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 Forside Co and its competitors. According to the industry distribution chart, Forside Co ranks #426 out of 794 companies in the Travel & Leisure industry, placing it in the top 53.7%.
Is Forside Co's Return-on-Tangible-Equity too high?
Forside Co's current Return-on-Tangible-Equity is 0.00%. Based on the distribution chart, Forside Co ranks #426 out of 794 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Forside Co has a GF Score™ of 53/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Forside Co's Return-on-Tangible-Equity compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Forside Co ranks #426 out of 794 companies for Return-on-Tangible-Equity. This places Forside Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.70. 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 Travel & Leisure company?
The median Return-on-Tangible-Equity among Travel & Leisure companies is 7.70, based on 794 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 Forside Co and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Equity is 7.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forside 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 Forside Co stock overvalued right now?
Based on GuruFocus' analysis, Forside Co (TSE:2330) is currently considered Significantly Undervalued. The stock's GF Value™ is 円265.46, compared to a current price of 円75.00 — trading 71.7% below its estimated fair value. The current Return-on-Tangible-Equity is 0.00%. Forside Co's overall GF Score™ is 53/100 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 Forside Co (TSE:2330), the current Return-on-Tangible-Equity is 0.00% 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.
Is Forside Co (TSE:2330) Overvalued in 2026?
Based on GuruFocus' analysis, Forside Co stock appears to be undervalued.
The current stock price of 円75.00 is trading 71.7% below its estimated GF Value™ of 円265.46.
GuruFocus considers Forside Co to be Significantly Undervalued.
Key valuation signals for TSE:2330:
Return-on-Tangible-Equity: 0.00%
GF Value™: 円265.46 vs. price of 円75.00 (71.7% below fair value)
No single metric tells the full story. See the TSE:2330 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Forside Co Ltd is a Japan-based company engaged in the content business. The company provides guidance in the areas concerning investment banking, merger and acquisition, financing and other related financial services. Its reportable segments are Prize Business, Real Estate-Related Business, Content Business, Event Business, Master Rights Business, AI-Related Business, and Logistics-Related Business.
53GF Score
Get the complete analysis for TSE:2330
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:2330 has been successfully added to your 
