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MandarakeTSE:2652 -1.52%76 Return-on-Tangible-Equity is 16.57% as of Mar. 2026, which is 136% above its 10-year median of 7.01. GuruFocus rates TSE:2652 with a GF Score™ of 76/100 and a GF Value™ of 円407.42 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,060 Retail - Cyclical companies, Mandarake ranks better than 58.21% 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. Mandarake's annualized net income for the quarter that ended in Mar. 2026 was 円2,053 Mil. Mandarake's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円12,388 Mil. Therefore, Mandarake's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 16.57%.
The historical rank and industry rank for Mandarake's Return-on-Tangible-Equity or its related term are showing as below:
TSE:2652'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.89 Med: 7.01 Max: 13.93
Current: 12.06
During the past 13 years, Mandarake's highest Return-on-Tangible-Equity was 13.93%. The lowest was 1.89%. And the median was 7.01%.
TSE:2652's Return-on-Tangible-Equity is ranked better than 58.21% of 1060
companies
in the Retail - Cyclical industry
Industry Median: 8.455
vs TSE:2652: 12.06
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.
Mandarake Return-on-Tangible-Equity Related Terms
Mandarake Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Mandarake'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:2652 vs AMZN, BABA, PDD: Return-on-Tangible-Equity Comparison
For the Internet Retail subindustry, Mandarake'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.
Mandarake Return-on-Tangible-Equity vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Mandarake's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Mandarake'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 16.57% mean?
Mandarake (TSE:2652) has a Return-on-Tangible-Equity of 16.57% 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 Mandarake and its competitors. This is 136% above median its historical median of 7.01. Over the past decade, Mandarake's Return-on-Tangible-Equity has ranged from 1.89 to 13.93. According to the industry distribution chart, Mandarake ranks #443 out of 1060 companies in the Retail - Cyclical industry, placing it in the top 41.8%.
Is Mandarake's Return-on-Tangible-Equity too high?
Mandarake's current Return-on-Tangible-Equity of 16.57% is 136% above median its 10-year median of 7.01. Over the past 10 years, this metric has ranged from a low of 1.89 to a high of 13.93. The Retail - Cyclical industry median Return-on-Tangible-Equity is 8.46. Mandarake's value of 16.57% is 96% above this industry median. Based on the distribution chart, Mandarake ranks #443 out of 1060 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Mandarake has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mandarake's Return-on-Tangible-Equity compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, Mandarake ranks #443 out of 1060 companies for Return-on-Tangible-Equity. This puts Mandarake in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.46. Mandarake's value of 16.57% is 96% above this benchmark. Historically, Mandarake's own Return-on-Tangible-Equity has ranged from 1.89 to 13.93 over the past decade. While the company's 10-year median is 7.01 vs. the industry median of 8.46, Mandarake has consistently been above 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 Retail - Cyclical company?
The median Return-on-Tangible-Equity among Retail - Cyclical companies is 8.46, based on 1,060 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. Mandarake's current Return-on-Tangible-Equity of 16.57% is 96% above 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 Mandarake and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Equity is 8.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mandarake's current Return-on-Tangible-Equity is 16.57%, which is 136% above median its own 10-year median of 7.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mandarake stock overvalued right now?
Based on GuruFocus' analysis, Mandarake (TSE:2652) is currently considered Modestly Overvalued. The stock's GF Value™ is 円407.42, compared to a current price of 円455.00 — trading 11.7% above its estimated fair value. The current Return-on-Tangible-Equity is 16.57%, which is 136% above median its 10-year median of 7.01 and 96% above the Retail - Cyclical industry median of 8.46. Mandarake's overall GF Score™ is 76/100 with 6 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 Mandarake (TSE:2652), the current Return-on-Tangible-Equity is 16.57% 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 Mandarake (TSE:2652) Overvalued in 2026?
Based on GuruFocus' analysis, Mandarake stock appears to be overvalued.
The current stock price of 円455.00 is trading 11.7% above its estimated GF Value™ of 円407.42.
GuruFocus considers Mandarake to be Modestly Overvalued.
Key valuation signals for TSE:2652:
Return-on-Tangible-Equity: 16.57% (136% above median its 10-year median of 7.01)
GF Value™: 円407.42 vs. price of 円455.00 (11.7% above fair value)
Industry Position: 96% above the Retail - Cyclical median (#443 of 1060)
No single metric tells the full story. See the TSE:2652 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mandarake Inc is a Japan-based company engaged in the purchase and sale of Japanese cartoon-related secondhand books, goods, and animation-related products.
76GF Score
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