J Frontier Co (TSE:2934) Return-on-Tangible-Equity: Negative Tangible Equity% (As of Feb. 2026)

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Director of Data and Quant Analytics at GuruFocus
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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.

TSE:2934 J Frontier Co Ltd TSE:2934
72 GF Score
Price 円1,740.00
GF Value 円1,794.51
Valuation Fairly Valued
! 11 Warning Signs
View Full Analysis

What is J Frontier Co Return-on-Tangible-Equity?

J Frontier Co TSE:2934 -1.64% 72 Return-on-Tangible-Equity is Negative Tangible Equity% as of Feb. 2026. GuruFocus rates TSE:2934 with a GF Score™ of 72/100 and a GF Value™ of 円1,794.51 (Fairly Valued). The stock has 11 warning signs investors should review. Among 580 Healthcare Providers & Services companies, J Frontier Co ranks better than 99.83% 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. J Frontier Co's annualized net income for the quarter that ended in Feb. 2026 was 円1,103 Mil. J Frontier Co's average shareholder tangible equity for the quarter that ended in Feb. 2026 was 円-1,746 Mil. Therefore, J Frontier Co's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2026 was Negative Tangible Equity%.

The historical rank and industry rank for J Frontier Co's Return-on-Tangible-Equity or its related term are showing as below:

During the past 8 years, J Frontier Co's highest Return-on-Tangible-Equity was 41.42%. The lowest was -101.51%. And the median was 12.56%.

TSE:2934's Return-on-Tangible-Equity is not ranked *
in the Healthcare Providers & Services industry.
Industry Median: 10.085
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

J Frontier Co  (TSE:2934) 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.


J Frontier Co Return-on-Tangible-Equity Related Terms


J Frontier Co Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for J Frontier 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.

J Frontier Co Return-on-Tangible-Equity Chart

J Frontier Co Annual Data
Trend May19 May20 May21 May22 May23 May24 May25 May26
Return-on-Tangible-Equity
Get a 7-Day Free Trial 17.97 -101.51 0.00 Negative Tangible Equity 0.00

J Frontier Co Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 Negative Tangible Equity 0.00

J Frontier Co Return-on-Tangible-Equity Competitor Comparison

For the Pharmaceutical Retailers subindustry, J Frontier 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.


J Frontier Co Return-on-Tangible-Equity vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, J Frontier Co's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where J Frontier Co's Return-on-Tangible-Equity falls into.


TSE:2934
72GF Score
J Frontier Co Ltd TSE:2934
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

J Frontier Co Return-on-Tangible-Equity Calculation

J Frontier Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in May. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: May. 2026 )  (A: May. 2025 )(A: May. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: May. 2026 )  (A: May. 2025 )(A: May. 2026 )
=-321.314/( (-1403.417+-1379.015 )/ 2 )
=-321.314/-1391.216
=N/A %

J Frontier Co's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Feb. 2026 )  (Q: Nov. 2025 )(Q: Feb. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Feb. 2026 )  (Q: Nov. 2025 )(Q: Feb. 2026 )
=1103.172/( (-1966.546+-1524.846)/ 2 )
=1103.172/-1745.696
=Negative Tangible Equity %

* 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 (Feb. 2026) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

What does a Return-on-Tangible-Equity of Negative Tangible Equity% mean?
J Frontier Co (TSE:2934) has a Return-on-Tangible-Equity of Negative Tangible Equity% as of Feb. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on J Frontier Co and its competitors. According to the industry distribution chart, J Frontier Co ranks #1 out of 580 companies in the Healthcare Providers & Services industry, placing it in the top 0.2%.
Is J Frontier Co's Return-on-Tangible-Equity too high?
J Frontier Co's current Return-on-Tangible-Equity is Negative Tangible Equity%. Based on the distribution chart, J Frontier Co ranks #1 out of 580 companies in the Healthcare Providers & Services industry, which is in the top quartile — a strong position relative to peers. Overall, J Frontier Co has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does J Frontier Co's Return-on-Tangible-Equity compare to competitors?
According to the Healthcare Providers & Services industry distribution chart, J Frontier Co ranks #1 out of 580 companies for Return-on-Tangible-Equity. This places J Frontier Co in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 10.09. 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 Healthcare Providers & Services company?
The median Return-on-Tangible-Equity among Healthcare Providers & Services companies is 10.09, based on 580 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. 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 J Frontier Co and its competitors. For the Healthcare Providers & Services industry, the median Return-on-Tangible-Equity is 10.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. J Frontier Co's current Return-on-Tangible-Equity is Negative Tangible Equity%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is J Frontier Co stock overvalued right now?
Based on GuruFocus' analysis, J Frontier Co (TSE:2934) is currently considered Fairly Valued. The stock's GF Value™ is 円1,794.51, compared to a current price of 円1,740.00 — trading 3% below its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. J Frontier Co's overall GF Score™ is 72/100 with 11 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 J Frontier Co (TSE:2934), the current Return-on-Tangible-Equity is Negative Tangible Equity% as of Feb. 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 J Frontier Co (TSE:2934) Overvalued in 2026?

Based on GuruFocus' analysis, J Frontier Co stock appears to be undervalued. The current stock price of 円1,740.00 is trading 3% below its estimated GF Value™ of 円1,794.51. GuruFocus considers J Frontier Co to be Fairly Valued.

Key valuation signals for TSE:2934:

  • Return-on-Tangible-Equity: Negative Tangible Equity%
  • GF Value™: 円1,794.51 vs. price of 円1,740.00 (3% below fair value)
  • GF Score™: 72/100 with 11 warning signs

No single metric tells the full story. See the TSE:2934 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


J Frontier Co Business Description

Other Exchanges R0L:Germany
Address 2-9-9 Shibuya, SANWA Aoyama Building, 8th floor, Shibuya-ku, Tokyo, JPN, 150-0002
J Frontier Co Ltd is engaged in the healthcare sales business, medical care sales business and healthcare marketing business.
72GF Score

Get the complete analysis for TSE:2934

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円1,740.00
Price
円1,794.51
GF Value