Fujibo Holdings (TSE:3104) Return-on-Tangible-Equity: 10.81% (As of Mar. 2026) — 11% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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:3104 Fujibo Holdings Inc TSE:3104
74 GF Score
Price 円3,680.00
GF Value 円2,132.67
Valuation Significantly Overvalued
View Full Analysis

What is Fujibo Holdings Return-on-Tangible-Equity?

Fujibo Holdings TSE:3104 -5.15% 74 Return-on-Tangible-Equity is 10.81% as of Mar. 2026, which is 11% above its 10-year median of 9.75. GuruFocus rates TSE:3104 with a GF Score™ of 74/100 and a GF Value™ of 円2,132.67 (Significantly Overvalued). Among 1,013 Manufacturing - Apparel & Accessories companies, Fujibo Holdings ranks better than 73.84% 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. Fujibo Holdings's annualized net income for the quarter that ended in Mar. 2026 was 円5,436 Mil. Fujibo Holdings's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円50,299 Mil. Therefore, Fujibo Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 10.81%.

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

TSE:3104' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.02   Med: 9.75   Max: 15.58
Current: 11.6

During the past 13 years, Fujibo Holdings's highest Return-on-Tangible-Equity was 15.58%. The lowest was 5.02%. And the median was 9.75%.

TSE:3104's Return-on-Tangible-Equity is ranked better than
73.84% of 1013 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.43 vs TSE:3104: 11.60

Fujibo Holdings  (TSE:3104) 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.


Fujibo Holdings Return-on-Tangible-Equity Related Terms


Fujibo Holdings Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Fujibo Holdings'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.

Fujibo Holdings Return-on-Tangible-Equity Chart

Fujibo Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.65 8.35 5.02 10.04 11.49

Fujibo Holdings Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26
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 12.74 10.51 12.48 10.81

Fujibo Holdings Return-on-Tangible-Equity Competitor Comparison

For the Textile Manufacturing subindustry, Fujibo Holdings'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.


Fujibo Holdings Return-on-Tangible-Equity vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Fujibo Holdings's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Fujibo Holdings's Return-on-Tangible-Equity falls into.


TSE:3104
74GF Score
Fujibo Holdings Inc TSE:3104
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fujibo Holdings Return-on-Tangible-Equity Calculation

Fujibo Holdings's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=5612/( (46385+51314 )/ 2 )
=5612/48849.5
=11.49 %

Fujibo Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=5436/( (49283+51314)/ 2 )
=5436/50298.5
=10.81 %

* 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 10.81% mean?
Fujibo Holdings (TSE:3104) has a Return-on-Tangible-Equity of 10.81% 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 Fujibo Holdings and its competitors. This is 11% above median its historical median of 9.75. Over the past decade, Fujibo Holdings' Return-on-Tangible-Equity has ranged from 5.02 to 15.58. According to the industry distribution chart, Fujibo Holdings ranks #265 out of 1013 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 26.2%.
Is Fujibo Holdings' Return-on-Tangible-Equity too high?
Fujibo Holdings' current Return-on-Tangible-Equity of 10.81% is 11% above median its 10-year median of 9.75. Over the past 10 years, this metric has ranged from a low of 5.02 to a high of 15.58. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Equity is 4.43. Fujibo Holdings' value of 10.81% is 144% above this industry median. Based on the distribution chart, Fujibo Holdings ranks #265 out of 1013 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Fujibo Holdings has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fujibo Holdings' Return-on-Tangible-Equity compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Fujibo Holdings ranks #265 out of 1013 companies for Return-on-Tangible-Equity. This puts Fujibo Holdings in the upper half of its industry. The industry median Return-on-Tangible-Equity is 4.43. Fujibo Holdings' value of 10.81% is 144% above this benchmark. Historically, Fujibo Holdings' own Return-on-Tangible-Equity has ranged from 5.02 to 15.58 over the past decade. While the company's 10-year median is 9.75 vs. the industry median of 4.43, Fujibo Holdings 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 Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Equity among Manufacturing - Apparel & Accessories companies is 4.43, based on 1,013 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. Fujibo Holdings's current Return-on-Tangible-Equity of 10.81% is 144% 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 Fujibo Holdings and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Equity is 4.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fujibo Holdings's current Return-on-Tangible-Equity is 10.81%, which is 11% above median its own 10-year median of 9.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fujibo Holdings stock overvalued right now?
Based on GuruFocus' analysis, Fujibo Holdings (TSE:3104) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,132.67, compared to a current price of 円3,680.00 — trading 72.6% above its estimated fair value. The current Return-on-Tangible-Equity is 10.81%, which is 11% above median its 10-year median of 9.75 and 144% above the Manufacturing - Apparel & Accessories industry median of 4.43. Fujibo Holdings' overall GF Score™ is 74/100. 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 Fujibo Holdings (TSE:3104), the current Return-on-Tangible-Equity is 10.81% 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 Fujibo Holdings (TSE:3104) Overvalued in 2026?

Based on GuruFocus' analysis, Fujibo Holdings stock appears to be overvalued. The current stock price of 円3,680.00 is trading 72.6% above its estimated GF Value™ of 円2,132.67. GuruFocus considers Fujibo Holdings to be Significantly Overvalued.

Key valuation signals for TSE:3104:

  • Return-on-Tangible-Equity: 10.81% (11% above median its 10-year median of 9.75)
  • GF Value™: 円2,132.67 vs. price of 円3,680.00 (72.6% above fair value)
  • GF Score™: 74/100
  • Industry Position: 144% above the Manufacturing - Apparel & Accessories median (#265 of 1013)

No single metric tells the full story. See the TSE:3104 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fujibo Holdings Business Description

Address 1-18-12, Ningyo-cho Nihonbashi, Chuo-ku, Tokyo, JPN, 103-0013
Fujibo Holdings Inc is a Japan-based abrasive product manufacturing company. It operates in four business divisions. Polishing pad business offers precision polishing of silicon wafers and all types of semiconductor materials, metal, and glass. Chemical industrial business is engaged in the production of raw materials for medicines, agricultural chemicals, electronic materials, and functional chemicals. The textile business manufactures special and functional synthetic fibers, including fibers with adhesive properties, luminous fibers, thermochromic yarn, and photochromic Yarn. Other businesses include the export of vehicles and automotive components, manufacturing, and sale of chemical products, and refining of used solvents.
74GF Score

Get the complete analysis for TSE:3104

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

円3,680.00
Price
円2,132.67
GF Value