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Asukanet CoTSE:2438 -3.39%56 Return-on-Tangible-Equity is 11.05% as of Apr. 2026, which is 57% above its 10-year median of 7.06. GuruFocus rates TSE:2438 with a GF Score™ of 56/100 and a GF Value™ of 円507.83 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 85 Personal Services companies, Asukanet Co ranks worse than 63.53% 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. Asukanet Co's annualized net income for the quarter that ended in Apr. 2026 was 円539 Mil. Asukanet Co's average shareholder tangible equity for the quarter that ended in Apr. 2026 was 円4,876 Mil. Therefore, Asukanet Co's annualized Return-on-Tangible-Equity for the quarter that ended in Apr. 2026 was 11.05%.
The historical rank and industry rank for Asukanet Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:2438'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -4.97 Med: 7.06 Max: 13.65
Current: 5.98
During the past 13 years, Asukanet Co's highest Return-on-Tangible-Equity was 13.65%. The lowest was -4.97%. And the median was 7.06%.
TSE:2438's Return-on-Tangible-Equity is ranked worse than 63.53% of 85
companies
in the Personal Services industry
Industry Median: 13.17
vs TSE:2438: 5.98
Asukanet Co (TSE:2438) 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.
Asukanet Co Return-on-Tangible-Equity Related Terms
Asukanet Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Asukanet 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:2438 vs ROL, SCI, FTDR: Return-on-Tangible-Equity Comparison
For the Personal Services subindustry, Asukanet 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.
Asukanet Co Return-on-Tangible-Equity vs Personal Services Industry
For the Personal Services industry and Consumer Cyclical sector, Asukanet Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Asukanet 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 (Apr. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 11.05% mean?
Asukanet Co (TSE:2438) has a Return-on-Tangible-Equity of 11.05% as of Apr. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Asukanet Co and its competitors. This is 57% above median its historical median of 7.06. According to the industry distribution chart, Asukanet Co ranks #54 out of 85 companies in the Personal Services industry, placing it in the top 63.5%.
Is Asukanet Co's Return-on-Tangible-Equity too high?
Asukanet Co's current Return-on-Tangible-Equity of 11.05% is 57% above median its 10-year median of 7.06. The Personal Services industry median Return-on-Tangible-Equity is 13.17. Asukanet Co's value of 11.05% is 16.1% below this industry median. Based on the distribution chart, Asukanet Co ranks #54 out of 85 companies in the Personal Services industry, which is below the industry midpoint. Overall, Asukanet Co has a GF Score™ of 56/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Asukanet Co's Return-on-Tangible-Equity compare to ROL and SCI?
According to the Personal Services industry distribution chart, Asukanet Co ranks #54 out of 85 companies for Return-on-Tangible-Equity. This places Asukanet Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 13.17. Asukanet Co's value of 11.05% is 16.1% below this benchmark. While the company's 10-year median is 7.06 vs. the industry median of 13.17, Asukanet 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 Personal Services company?
The median Return-on-Tangible-Equity among Personal Services companies is 13.17, based on 85 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. Asukanet Co's current Return-on-Tangible-Equity of 11.05% is 16.1% 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 Asukanet Co and its competitors. For the Personal Services industry, the median Return-on-Tangible-Equity is 13.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asukanet Co's current Return-on-Tangible-Equity is 11.05%, which is 57% above median its own 10-year median of 7.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asukanet Co stock overvalued right now?
Based on GuruFocus' analysis, Asukanet Co (TSE:2438) is currently considered Significantly Undervalued. The stock's GF Value™ is 円507.83, compared to a current price of 円342.00 — trading 32.7% below its estimated fair value. The current Return-on-Tangible-Equity is 11.05%, which is 57% above median its 10-year median of 7.06 and 16.1% below the Personal Services industry median of 13.17. Asukanet Co's overall GF Score™ is 56/100 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 Asukanet Co (TSE:2438), the current Return-on-Tangible-Equity is 11.05% as of Apr. 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 Asukanet Co (TSE:2438) Overvalued in 2026?
Based on GuruFocus' analysis, Asukanet Co stock appears to be undervalued.
The current stock price of 円342.00 is trading 32.7% below its estimated GF Value™ of 円507.83.
GuruFocus considers Asukanet Co to be Significantly Undervalued.
Key valuation signals for TSE:2438:
Return-on-Tangible-Equity: 11.05% (57% above median its 10-year median of 7.06)
GF Value™: 円507.83 vs. price of 円342.00 (32.7% below fair value)
Industry Position: 16.1% below the Personal Services median (#54 of 85)
No single metric tells the full story. See the TSE:2438 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asukanet Co Ltd is engaged in the business of memorial design services which provides digital processing services for portraits of deceased persons, and the provision of funeral-related production services. It is also engaged in the manufacture and sale of individual photo albums. It is also involved in the research and marketing activities related to aerial imaging technology.
56GF Score
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