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Hard Off CoTSE:2674 -0.15%76 Return-on-Tangible-Equity is 17.74% as of Mar. 2026, which is 132% above its 10-year median of 7.65. GuruFocus rates TSE:2674 with a GF Score™ of 76/100 and a GF Value™ of 円2,366.47 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,060 Retail - Cyclical companies, Hard Off Co ranks better than 63.21% 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. Hard Off Co's annualized net income for the quarter that ended in Mar. 2026 was 円3,188 Mil. Hard Off Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円17,966 Mil. Therefore, Hard Off Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 17.74%.
The historical rank and industry rank for Hard Off Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:2674'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.8 Med: 7.65 Max: 14.15
Current: 14.15
During the past 13 years, Hard Off Co's highest Return-on-Tangible-Equity was 14.15%. The lowest was 2.80%. And the median was 7.65%.
TSE:2674's Return-on-Tangible-Equity is ranked better than 63.21% of 1060
companies
in the Retail - Cyclical industry
Industry Median: 8.455
vs TSE:2674: 14.15
Hard Off Co (TSE:2674) 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.
Hard Off Co Return-on-Tangible-Equity Related Terms
Hard Off Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Hard Off 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:2674 vs CASY, WSM, DKS: Return-on-Tangible-Equity Comparison
For the Specialty Retail subindustry, Hard Off 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.
Hard Off Co Return-on-Tangible-Equity vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Hard Off Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Hard Off 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 (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 17.74% mean?
Hard Off Co (TSE:2674) has a Return-on-Tangible-Equity of 17.74% 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 Hard Off Co and its competitors. This is 132% above median its historical median of 7.65. Over the past decade, Hard Off Co's Return-on-Tangible-Equity has ranged from 2.80 to 14.15. According to the industry distribution chart, Hard Off Co ranks #390 out of 1060 companies in the Retail - Cyclical industry, placing it in the top 36.8%.
Is Hard Off Co's Return-on-Tangible-Equity too high?
Hard Off Co's current Return-on-Tangible-Equity of 17.74% is 132% above median its 10-year median of 7.65. Over the past 10 years, this metric has ranged from a low of 2.80 to a high of 14.15. The Retail - Cyclical industry median Return-on-Tangible-Equity is 8.46. Hard Off Co's value of 17.74% is 109.8% above this industry median. Based on the distribution chart, Hard Off Co ranks #390 out of 1060 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Hard Off Co has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hard Off Co's Return-on-Tangible-Equity compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Hard Off Co ranks #390 out of 1060 companies for Return-on-Tangible-Equity. This puts Hard Off Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.46. Hard Off Co's value of 17.74% is 109.8% above this benchmark. Historically, Hard Off Co's own Return-on-Tangible-Equity has ranged from 2.80 to 14.15 over the past decade. While the company's 10-year median is 7.65 vs. the industry median of 8.46, Hard Off Co 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. Hard Off Co's current Return-on-Tangible-Equity of 17.74% is 109.8% 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 Hard Off Co 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. Hard Off Co's current Return-on-Tangible-Equity is 17.74%, which is 132% above median its own 10-year median of 7.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hard Off Co stock overvalued right now?
Based on GuruFocus' analysis, Hard Off Co (TSE:2674) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,366.47, compared to a current price of 円2,747.00 — trading 16.1% above its estimated fair value. The current Return-on-Tangible-Equity is 17.74%, which is 132% above median its 10-year median of 7.65 and 109.8% above the Retail - Cyclical industry median of 8.46. Hard Off Co's overall GF Score™ is 76/100 with 7 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 Hard Off Co (TSE:2674), the current Return-on-Tangible-Equity is 17.74% 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 Hard Off Co (TSE:2674) Overvalued in 2026?
Based on GuruFocus' analysis, Hard Off Co stock appears to be overvalued.
The current stock price of 円2,747.00 is trading 16.1% above its estimated GF Value™ of 円2,366.47.
GuruFocus considers Hard Off Co to be Modestly Overvalued.
Key valuation signals for TSE:2674:
Return-on-Tangible-Equity: 17.74% (132% above median its 10-year median of 7.65)
GF Value™: 円2,366.47 vs. price of 円2,747.00 (16.1% above fair value)
Industry Position: 109.8% above the Retail - Cyclical median (#390 of 1060)
No single metric tells the full story. See the TSE:2674 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hard Off Corporation Co Ltd is a Japan-based company engaged in the reuse business. Its business activities include the purchase of used and unnecessary items from the customers, carry out repair, maintenance, inspection, and cleaning and sell to the customers. Products offered by the Hard Off Corporation include a personal computer, musical instruments, furniture, clothing for men; women; and children, trading cards, game, plastic model, toy, car supplies, bags and accessories, books, wine, champagne, beer, sake and shochu.
76GF Score
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