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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. Happiness and D Co's annualized net income for the quarter that ended in Feb. 2026 was 円-72 Mil. Happiness and D Co's average shareholder tangible equity for the quarter that ended in Feb. 2026 was 円269 Mil. Therefore, Happiness and D Co's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2026 was -26.80%.
The historical rank and industry rank for Happiness and D Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:3174'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -154.37 Med: -6.65 Max: 12.28
Current: -153
During the past 13 years, Happiness and D Co's highest Return-on-Tangible-Equity was 12.28%. The lowest was -154.37%. And the median was -6.65%.
TSE:3174's Return-on-Tangible-Equity is ranked worse than 97.83% of 1059
companies
in the Retail - Cyclical industry
Industry Median: 8.45
vs TSE:3174: -153.00
Happiness and D Co (TSE:3174) 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.
Happiness and D Co Return-on-Tangible-Equity Related Terms
Happiness and D Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Happiness and D 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.
Happiness and D Co Return-on-Tangible-Equity Chart
TSE:3174 vs CASY, WSM, DKS: Return-on-Tangible-Equity Comparison
For the Specialty Retail subindustry, Happiness and D 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.
Happiness and D Co Return-on-Tangible-Equity vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Happiness and D Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Happiness and D 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 two times the semi-annual (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 -26.80% mean?
Happiness and D Co (TSE:3174) has a Return-on-Tangible-Equity of -26.80% 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 Happiness and D Co and its competitors. According to the industry distribution chart, Happiness and D Co ranks #1036 out of 1059 companies in the Retail - Cyclical industry, placing it in the top 97.8%.
Is Happiness and D Co's Return-on-Tangible-Equity too high?
Happiness and D Co's current Return-on-Tangible-Equity is -26.80%. Based on the distribution chart, Happiness and D Co ranks #1036 out of 1059 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Happiness and D Co has a GF Score™ of 46/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Happiness and D Co's Return-on-Tangible-Equity compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Happiness and D Co ranks #1036 out of 1059 companies for Return-on-Tangible-Equity. This places Happiness and D Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 8.45. 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 Retail - Cyclical company?
The median Return-on-Tangible-Equity among Retail - Cyclical companies is 8.45, based on 1,059 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 Happiness and D Co and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Equity is 8.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Happiness and D Co's current Return-on-Tangible-Equity is -26.80%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Happiness and D Co stock overvalued right now?
Based on GuruFocus' analysis, Happiness and D Co (TSE:3174) is currently considered Modestly Undervalued. The stock's GF Value™ is 円554.84, compared to a current price of 円415.00 — trading 25.2% below its estimated fair value. The current Return-on-Tangible-Equity is -26.80%. Happiness and D Co's overall GF Score™ is 46/100 with 3 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 Happiness and D Co (TSE:3174), the current Return-on-Tangible-Equity is -26.80% 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 Happiness and D Co (TSE:3174) Overvalued in 2026?
Based on GuruFocus' analysis, Happiness and D Co stock appears to be undervalued.
The current stock price of 円415.00 is trading 25.2% below its estimated GF Value™ of 円554.84.
GuruFocus considers Happiness and D Co to be Modestly Undervalued.
Key valuation signals for TSE:3174:
Return-on-Tangible-Equity: -26.80%
GF Value™: 円554.84 vs. price of 円415.00 (25.2% below fair value)
No single metric tells the full story. See the TSE:3174 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Happiness and D Co Ltd manages branded gift stores in Japan. It is engaged in sales of imported brand products, including jewelry, such as imported brand jewelry and diamond jewelry consisting of rings, necklaces, earrings, and bracelets; as well as watches, handbags, and accessories. The company has stores located in Hokkaido, Tohoku, Kanto, Chubu and Chugoku among other locations.
46GF Score
Get the complete analysis for TSE:3174
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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