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ChoeiTSE:2993 -1.11%64 Return-on-Tangible-Equity is 8.71% as of Mar. 2026, which is 48% below its 10-year median of 16.75. GuruFocus rates TSE:2993 with a GF Score™ of 64/100 and a GF Value™ of 円2,474.42 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,714 Real Estate companies, Choei ranks better than 66.28% 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. Choei's annualized net income for the quarter that ended in Mar. 2026 was 円1,046 Mil. Choei's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円12,013 Mil. Therefore, Choei's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 8.71%.
The historical rank and industry rank for Choei's Return-on-Tangible-Equity or its related term are showing as below:
TSE:2993'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 8.23 Med: 16.75 Max: 20.94
Current: 8.32
During the past 7 years, Choei's highest Return-on-Tangible-Equity was 20.94%. The lowest was 8.23%. And the median was 16.75%.
TSE:2993's Return-on-Tangible-Equity is ranked better than 66.28% of 1714
companies
in the Real Estate industry
Industry Median: 4.27
vs TSE:2993: 8.32
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.
Choei Return-on-Tangible-Equity Related Terms
Choei Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Choei'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:2993 vs CBRE, BEKE, JLL: Return-on-Tangible-Equity Comparison
For the Real Estate Services subindustry, Choei'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.
Choei Return-on-Tangible-Equity vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Choei's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Choei'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 8.71% mean?
Choei (TSE:2993) has a Return-on-Tangible-Equity of 8.71% 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 Choei and its competitors. This is 48% below median its historical median of 16.75. Over the past decade, Choei's Return-on-Tangible-Equity has ranged from 8.23 to 20.94. According to the industry distribution chart, Choei ranks #578 out of 1714 companies in the Real Estate industry, placing it in the top 33.7%.
Is Choei's Return-on-Tangible-Equity too high?
Choei's current Return-on-Tangible-Equity of 8.71% is 48% below median its 10-year median of 16.75. Over the past 10 years, this metric has ranged from a low of 8.23 to a high of 20.94. The Real Estate industry median Return-on-Tangible-Equity is 4.27. Choei's value of 8.71% is 104% above this industry median. Based on the distribution chart, Choei ranks #578 out of 1714 companies in the Real Estate industry, which is above the industry midpoint. Overall, Choei has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Choei's Return-on-Tangible-Equity compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Choei ranks #578 out of 1714 companies for Return-on-Tangible-Equity. This puts Choei in the upper half of its industry. The industry median Return-on-Tangible-Equity is 4.27. Choei's value of 8.71% is 104% above this benchmark. Historically, Choei's own Return-on-Tangible-Equity has ranged from 8.23 to 20.94 over the past decade. While the company's 10-year median is 16.75 vs. the industry median of 4.27, Choei 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 Real Estate company?
The median Return-on-Tangible-Equity among Real Estate companies is 4.27, based on 1,714 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. Choei's current Return-on-Tangible-Equity of 8.71% is 104% 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 Choei and its competitors. For the Real Estate industry, the median Return-on-Tangible-Equity is 4.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Choei's current Return-on-Tangible-Equity is 8.71%, which is 48% below median its own 10-year median of 16.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Choei stock overvalued right now?
Based on GuruFocus' analysis, Choei (TSE:2993) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,474.42, compared to a current price of 円2,141.00 — trading 13.5% below its estimated fair value. The current Return-on-Tangible-Equity is 8.71%, which is 48% below median its 10-year median of 16.75 and 104% above the Real Estate industry median of 4.27. Choei's overall GF Score™ is 64/100 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 Choei (TSE:2993), the current Return-on-Tangible-Equity is 8.71% 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 Choei (TSE:2993) Overvalued in 2026?
Based on GuruFocus' analysis, Choei stock appears to be undervalued.
The current stock price of 円2,141.00 is trading 13.5% below its estimated GF Value™ of 円2,474.42.
GuruFocus considers Choei to be Modestly Undervalued.
Key valuation signals for TSE:2993:
Return-on-Tangible-Equity: 8.71% (48% below median its 10-year median of 16.75)
GF Value™: 円2,474.42 vs. price of 円2,141.00 (13.5% below fair value)
Industry Position: 104% above the Real Estate median (#578 of 1714)
No single metric tells the full story. See the TSE:2993 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Choei Inc is engaged in the real estate management and real estate rental businesses. The real estate management business provides necessary services for rental property management, such as building maintenance, renovation work, and rental brokerage (leasing), in addition to tenant management, and the real estate rental business mainly handles the rental of its properties and subleased properties. The company's reportable segments are Property Rental Business, which generates the maximum revenue, and the Property Management Business.
64GF Score
Get the complete analysis for TSE:2993
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