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.
Aoba-BBTTSE:2464 +2.15%60 Return-on-Tangible-Equity is 10.98% as of Mar. 2026, which is 39% above its 10-year median of 7.92. GuruFocus rates TSE:2464 with a GF Score™ of 60/100 and a GF Value™ of 円369.75 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 246 Education companies, Aoba-BBT ranks worse than 58.13% 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. Aoba-BBT's annualized net income for the quarter that ended in Mar. 2026 was 円347 Mil. Aoba-BBT's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円3,161 Mil. Therefore, Aoba-BBT's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 10.98%.
The historical rank and industry rank for Aoba-BBT's Return-on-Tangible-Equity or its related term are showing as below:
TSE:2464'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.48 Med: 7.92 Max: 26
Current: 8.84
During the past 13 years, Aoba-BBT's highest Return-on-Tangible-Equity was 26.00%. The lowest was 1.48%. And the median was 7.92%.
TSE:2464's Return-on-Tangible-Equity is ranked worse than 58.13% of 246
companies
in the Education industry
Industry Median: 11.685
vs TSE:2464: 8.84
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.
Aoba-BBT Return-on-Tangible-Equity Related Terms
Aoba-BBT Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Aoba-BBT'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:2464 vs EDU, TAL, LAUR: Return-on-Tangible-Equity Comparison
For the Education & Training Services subindustry, Aoba-BBT'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.
Aoba-BBT Return-on-Tangible-Equity vs Education Industry
For the Education industry and Consumer Defensive sector, Aoba-BBT's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Aoba-BBT'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 (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 10.98% mean?
Aoba-BBT (TSE:2464) has a Return-on-Tangible-Equity of 10.98% 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 Aoba-BBT and its competitors. This is 39% above median its historical median of 7.92. Over the past decade, Aoba-BBT's Return-on-Tangible-Equity has ranged from 1.48 to 26.00. According to the industry distribution chart, Aoba-BBT ranks #143 out of 246 companies in the Education industry, placing it in the top 58.1%.
Is Aoba-BBT's Return-on-Tangible-Equity too high?
Aoba-BBT's current Return-on-Tangible-Equity of 10.98% is 39% above median its 10-year median of 7.92. Over the past 10 years, this metric has ranged from a low of 1.48 to a high of 26.00. The Education industry median Return-on-Tangible-Equity is 11.69. Aoba-BBT's value of 10.98% is 6% below this industry median. Based on the distribution chart, Aoba-BBT ranks #143 out of 246 companies in the Education industry, which is below the industry midpoint. Overall, Aoba-BBT has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Aoba-BBT's Return-on-Tangible-Equity compare to EDU and TAL?
According to the Education industry distribution chart, Aoba-BBT ranks #143 out of 246 companies for Return-on-Tangible-Equity. This places Aoba-BBT in the lower half of its industry. The industry median Return-on-Tangible-Equity is 11.69. Aoba-BBT's value of 10.98% is 6% below this benchmark. Historically, Aoba-BBT's own Return-on-Tangible-Equity has ranged from 1.48 to 26.00 over the past decade. While the company's 10-year median is 7.92 vs. the industry median of 11.69, Aoba-BBT 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 an Education company?
The median Return-on-Tangible-Equity among Education companies is 11.69, based on 246 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. Aoba-BBT's current Return-on-Tangible-Equity of 10.98% is 6% 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 Aoba-BBT and its competitors. For the Education industry, the median Return-on-Tangible-Equity is 11.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aoba-BBT's current Return-on-Tangible-Equity is 10.98%, which is 39% above median its own 10-year median of 7.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aoba-BBT stock overvalued right now?
Based on GuruFocus' analysis, Aoba-BBT (TSE:2464) is currently considered Modestly Undervalued. The stock's GF Value™ is 円369.75, compared to a current price of 円332.00 — trading 10.2% below its estimated fair value. The current Return-on-Tangible-Equity is 10.98%, which is 39% above median its 10-year median of 7.92 and 6% below the Education industry median of 11.69. Aoba-BBT's overall GF Score™ is 60/100 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 Aoba-BBT (TSE:2464), the current Return-on-Tangible-Equity is 10.98% 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 Aoba-BBT (TSE:2464) Overvalued in 2026?
Based on GuruFocus' analysis, Aoba-BBT stock appears to be undervalued.
The current stock price of 円332.00 is trading 10.2% below its estimated GF Value™ of 円369.75.
GuruFocus considers Aoba-BBT to be Modestly Undervalued.
Key valuation signals for TSE:2464:
Return-on-Tangible-Equity: 10.98% (39% above median its 10-year median of 7.92)
GF Value™: 円369.75 vs. price of 円332.00 (10.2% below fair value)
Industry Position: 6% below the Education median (#143 of 246)
No single metric tells the full story. See the TSE:2464 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aoba-BBT Inc is engaged in the provision of the education business. The company provides e-learning business and management solutions. It also engages in the management of education business and content business.
60GF Score
Get the complete analysis for TSE:2464
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:2464 has been successfully added to your 
