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Shinden HightexTSE:3131 -3.71%62 Return-on-Tangible-Equity is 4.91% as of Mar. 2026, which is 45% below its 10-year median of 8.94. GuruFocus rates TSE:3131 with a GF Score™ of 62/100 and a GF Value™ of 円2,880.20 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 2,385 Hardware companies, Shinden Hightex ranks worse than 52.29% 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. Shinden Hightex's annualized net income for the quarter that ended in Mar. 2026 was 円359 Mil. Shinden Hightex's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円7,315 Mil. Therefore, Shinden Hightex's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 4.91%.
The historical rank and industry rank for Shinden Hightex's Return-on-Tangible-Equity or its related term are showing as below:
TSE:3131'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.53 Med: 8.94 Max: 13.82
Current: 4.79
During the past 13 years, Shinden Hightex's highest Return-on-Tangible-Equity was 13.82%. The lowest was 3.53%. And the median was 8.94%.
TSE:3131's Return-on-Tangible-Equity is ranked worse than 52.29% of 2385
companies
in the Hardware industry
Industry Median: 5.32
vs TSE:3131: 4.79
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.
Shinden Hightex Return-on-Tangible-Equity Related Terms
Shinden Hightex Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Shinden Hightex'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:3131 vs SNX, ARW, AVT: Return-on-Tangible-Equity Comparison
For the Electronics & Computer Distribution subindustry, Shinden Hightex'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.
Shinden Hightex Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Shinden Hightex's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Shinden Hightex'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 4.91% mean?
Shinden Hightex (TSE:3131) has a Return-on-Tangible-Equity of 4.91% 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 Shinden Hightex and its competitors. This is 45% below median its historical median of 8.94. Over the past decade, Shinden Hightex's Return-on-Tangible-Equity has ranged from 3.53 to 13.82. According to the industry distribution chart, Shinden Hightex ranks #1247 out of 2385 companies in the Hardware industry, placing it in the top 52.3%.
Is Shinden Hightex's Return-on-Tangible-Equity too high?
Shinden Hightex's current Return-on-Tangible-Equity of 4.91% is 45% below median its 10-year median of 8.94. Over the past 10 years, this metric has ranged from a low of 3.53 to a high of 13.82. The Hardware industry median Return-on-Tangible-Equity is 5.32. Shinden Hightex's value of 4.91% is 7.7% below this industry median. Based on the distribution chart, Shinden Hightex ranks #1247 out of 2385 companies in the Hardware industry, which is below the industry midpoint. Overall, Shinden Hightex has a GF Score™ of 62/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shinden Hightex's Return-on-Tangible-Equity compare to SNX and ARW?
According to the Hardware industry distribution chart, Shinden Hightex ranks #1247 out of 2385 companies for Return-on-Tangible-Equity. This places Shinden Hightex in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.32. Shinden Hightex's value of 4.91% is 7.7% below this benchmark. Historically, Shinden Hightex's own Return-on-Tangible-Equity has ranged from 3.53 to 13.82 over the past decade. While the company's 10-year median is 8.94 vs. the industry median of 5.32, Shinden Hightex has consistently been below 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 Hardware company?
The median Return-on-Tangible-Equity among Hardware companies is 5.32, based on 2,385 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. Shinden Hightex's current Return-on-Tangible-Equity of 4.91% is 7.7% below 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 Shinden Hightex and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shinden Hightex's current Return-on-Tangible-Equity is 4.91%, which is 45% below median its own 10-year median of 8.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shinden Hightex stock overvalued right now?
Based on GuruFocus' analysis, Shinden Hightex (TSE:3131) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,880.20, compared to a current price of 円3,375.00 — trading 17.2% above its estimated fair value. The current Return-on-Tangible-Equity is 4.91%, which is 45% below median its 10-year median of 8.94 and 7.7% below the Hardware industry median of 5.32. Shinden Hightex's overall GF Score™ is 62/100 with 4 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 Shinden Hightex (TSE:3131), the current Return-on-Tangible-Equity is 4.91% 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 Shinden Hightex (TSE:3131) Overvalued in 2026?
Based on GuruFocus' analysis, Shinden Hightex stock appears to be overvalued.
The current stock price of 円3,375.00 is trading 17.2% above its estimated GF Value™ of 円2,880.20.
GuruFocus considers Shinden Hightex to be Modestly Overvalued.
Key valuation signals for TSE:3131:
Return-on-Tangible-Equity: 4.91% (45% below median its 10-year median of 8.94)
GF Value™: 円2,880.20 vs. price of 円3,375.00 (17.2% above fair value)
Industry Position: 7.7% below the Hardware median (#1247 of 2385)
No single metric tells the full story. See the TSE:3131 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shinden Hightex Corp is involved in selling various electronic components in Japan. The company offers ICs, liquid crystal displays, memory cards and boards, system products, batteries, and semiconductor components.
62GF Score
Get the complete analysis for TSE:3131
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