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Ajinomoto CoTSE:2802 -2.02%79 Return-on-Tangible-Equity is 33.15% as of Mar. 2026, which is 143% above its 10-year median of 13.64. GuruFocus rates TSE:2802 with a GF Score™ of 79/100 and a GF Value™ of 円3,700.98 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,878 Consumer Packaged Goods companies, Ajinomoto Co ranks better than 85.2% 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. Ajinomoto Co's annualized net income for the quarter that ended in Mar. 2026 was 円179,704 Mil. Ajinomoto Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円542,080 Mil. Therefore, Ajinomoto Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 33.15%.
The historical rank and industry rank for Ajinomoto Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:2802'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.52 Med: 13.64 Max: 25.65
Current: 25.65
During the past 13 years, Ajinomoto Co's highest Return-on-Tangible-Equity was 25.65%. The lowest was 4.52%. And the median was 13.64%.
TSE:2802's Return-on-Tangible-Equity is ranked better than 85.2% of 1878
companies
in the Consumer Packaged Goods industry
Industry Median: 7.78
vs TSE:2802: 25.65
Ajinomoto Co (TSE:2802) 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.
Ajinomoto Co Return-on-Tangible-Equity Related Terms
Ajinomoto Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Ajinomoto 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:2802 vs KHC, GIS: Return-on-Tangible-Equity Comparison
For the Packaged Foods subindustry, Ajinomoto 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.
Ajinomoto Co Return-on-Tangible-Equity vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Ajinomoto Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Ajinomoto 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 (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 33.15% mean?
Ajinomoto Co (TSE:2802) has a Return-on-Tangible-Equity of 33.15% 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 Ajinomoto Co and its competitors. This is 143% above median its historical median of 13.64. Over the past decade, Ajinomoto Co's Return-on-Tangible-Equity has ranged from 4.52 to 25.65. According to the industry distribution chart, Ajinomoto Co ranks #278 out of 1878 companies in the Consumer Packaged Goods industry, placing it in the top 14.8%.
Is Ajinomoto Co's Return-on-Tangible-Equity too high?
Ajinomoto Co's current Return-on-Tangible-Equity of 33.15% is 143% above median its 10-year median of 13.64. Over the past 10 years, this metric has ranged from a low of 4.52 to a high of 25.65. The Consumer Packaged Goods industry median Return-on-Tangible-Equity is 7.78. Ajinomoto Co's value of 33.15% is 326.1% above this industry median. Based on the distribution chart, Ajinomoto Co ranks #278 out of 1878 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Ajinomoto Co has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ajinomoto Co's Return-on-Tangible-Equity compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Ajinomoto Co ranks #278 out of 1878 companies for Return-on-Tangible-Equity. This places Ajinomoto Co in the top 15% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.78. Ajinomoto Co's value of 33.15% is 326.1% above this benchmark. Historically, Ajinomoto Co's own Return-on-Tangible-Equity has ranged from 4.52 to 25.65 over the past decade. While the company's 10-year median is 13.64 vs. the industry median of 7.78, Ajinomoto 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 Consumer Packaged Goods company?
The median Return-on-Tangible-Equity among Consumer Packaged Goods companies is 7.78, based on 1,878 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. Ajinomoto Co's current Return-on-Tangible-Equity of 33.15% is 326.1% 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 Ajinomoto Co and its competitors. For the Consumer Packaged Goods industry, the median Return-on-Tangible-Equity is 7.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ajinomoto Co's current Return-on-Tangible-Equity is 33.15%, which is 143% above median its own 10-year median of 13.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ajinomoto Co stock overvalued right now?
Based on GuruFocus' analysis, Ajinomoto Co (TSE:2802) is currently considered Significantly Overvalued. The stock's GF Value™ is 円3,700.98, compared to a current price of 円5,615.00 — trading 51.7% above its estimated fair value. The current Return-on-Tangible-Equity is 33.15%, which is 143% above median its 10-year median of 13.64 and 326.1% above the Consumer Packaged Goods industry median of 7.78. Ajinomoto Co's overall GF Score™ is 79/100 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 Ajinomoto Co (TSE:2802), the current Return-on-Tangible-Equity is 33.15% 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 Ajinomoto Co (TSE:2802) Overvalued in 2026?
Based on GuruFocus' analysis, Ajinomoto Co stock appears to be overvalued.
The current stock price of 円5,615.00 is trading 51.7% above its estimated GF Value™ of 円3,700.98.
GuruFocus considers Ajinomoto Co to be Significantly Overvalued.
Key valuation signals for TSE:2802:
Return-on-Tangible-Equity: 33.15% (143% above median its 10-year median of 13.64)
GF Value™: 円3,700.98 vs. price of 円5,615.00 (51.7% above fair value)
Industry Position: 326.1% above the Consumer Packaged Goods median (#278 of 1878)
No single metric tells the full story. See the TSE:2802 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ajinomoto was founded in 1909, and it began manufacturing the world's first umami seasoning, MSG, made from amino acids. It has since grown to be one of the top manufacturers of sauces and seasonings and has diversified into frozen foods and the manufacture of other amino acid-based materials. Its sauces and seasonings are sold across Southeast Asia, Europe, and the Americas and are found in most supermarkets, making up approximately 60% of its revenue. The remaining 40% is roughly divided into the healthcare and others segment and the frozen food segment. Its healthcare and others segment also includes functional materials, which include an organic resin material, Ajinomoto Build-up Film, which is currently the industry standard for ABF substrates for semiconductors.
79GF Score
Get the complete analysis for TSE:2802
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