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.
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.
Joyful Honda CoTSE:3191 +1.85%71 Return-on-Tangible-Equity is 12.75% as of Dec. 2025, which is 78% above its 10-year median of 7.18. GuruFocus rates TSE:3191 with a GF Score™ of 71/100 and a GF Value™ of 円2,129.01 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,065 Retail - Cyclical companies, Joyful Honda Co ranks worse than 50.7% 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. Joyful Honda Co's annualized net income for the quarter that ended in Dec. 2025 was 円15,544 Mil. Joyful Honda Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was 円121,867 Mil. Therefore, Joyful Honda Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 12.75%.
The historical rank and industry rank for Joyful Honda Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:3191'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.63 Med: 7.18 Max: 10.54
Current: 8.09
During the past 13 years, Joyful Honda Co's highest Return-on-Tangible-Equity was 10.54%. The lowest was 3.63%. And the median was 7.18%.
TSE:3191's Return-on-Tangible-Equity is ranked worse than 50.7% of 1065
companies
in the Retail - Cyclical industry
Industry Median: 8.45
vs TSE:3191: 8.09
Joyful Honda Co (TSE:3191) 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.
Joyful Honda Co Return-on-Tangible-Equity Related Terms
Joyful Honda Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Joyful Honda 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.
TSE:3191 vs HD, LOW, FND: Return-on-Tangible-Equity Comparison
For the Home Improvement Retail subindustry, Joyful Honda 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.
Joyful Honda Co Return-on-Tangible-Equity vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Joyful Honda Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Joyful Honda 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 four times the quarterly (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 12.75% mean?
Joyful Honda Co (TSE:3191) has a Return-on-Tangible-Equity of 12.75% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Joyful Honda Co and its competitors. This is 78% above median its historical median of 7.18. Over the past decade, Joyful Honda Co's Return-on-Tangible-Equity has ranged from 3.63 to 10.54. According to the industry distribution chart, Joyful Honda Co ranks #540 out of 1065 companies in the Retail - Cyclical industry, placing it in the top 50.7%.
Is Joyful Honda Co's Return-on-Tangible-Equity too high?
Joyful Honda Co's current Return-on-Tangible-Equity of 12.75% is 78% above median its 10-year median of 7.18. Over the past 10 years, this metric has ranged from a low of 3.63 to a high of 10.54. The Retail - Cyclical industry median Return-on-Tangible-Equity is 8.45. Joyful Honda Co's value of 12.75% is 50.9% above this industry median. Based on the distribution chart, Joyful Honda Co ranks #540 out of 1065 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Joyful Honda Co has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Joyful Honda Co's Return-on-Tangible-Equity compare to HD and LOW?
According to the Retail - Cyclical industry distribution chart, Joyful Honda Co ranks #540 out of 1065 companies for Return-on-Tangible-Equity. This places Joyful Honda Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 8.45. Joyful Honda Co's value of 12.75% is 50.9% above this benchmark. Historically, Joyful Honda Co's own Return-on-Tangible-Equity has ranged from 3.63 to 10.54 over the past decade. While the company's 10-year median is 7.18 vs. the industry median of 8.45, Joyful Honda Co 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 Retail - Cyclical company?
The median Return-on-Tangible-Equity among Retail - Cyclical companies is 8.45, based on 1,065 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. Joyful Honda Co's current Return-on-Tangible-Equity of 12.75% is 50.9% 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 Joyful Honda 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. Joyful Honda Co's current Return-on-Tangible-Equity is 12.75%, which is 78% above median its own 10-year median of 7.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Joyful Honda Co stock overvalued right now?
Based on GuruFocus' analysis, Joyful Honda Co (TSE:3191) is currently considered Fairly Valued. The stock's GF Value™ is 円2,129.01, compared to a current price of 円2,315.00 — trading 8.7% above its estimated fair value. The current Return-on-Tangible-Equity is 12.75%, which is 78% above median its 10-year median of 7.18 and 50.9% above the Retail - Cyclical industry median of 8.45. Joyful Honda Co's overall GF Score™ is 71/100 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 Joyful Honda Co (TSE:3191), the current Return-on-Tangible-Equity is 12.75% as of Dec. 2025. 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 Joyful Honda Co (TSE:3191) Overvalued in 2026?
Based on GuruFocus' analysis, Joyful Honda Co stock appears to be overvalued.
The current stock price of 円2,315.00 is trading 8.7% above its estimated GF Value™ of 円2,129.01.
GuruFocus considers Joyful Honda Co to be Fairly Valued.
Key valuation signals for TSE:3191:
Return-on-Tangible-Equity: 12.75% (78% above median its 10-year median of 7.18)
GF Value™: 円2,129.01 vs. price of 円2,315.00 (8.7% above fair value)
Industry Position: 50.9% above the Retail - Cyclical median (#540 of 1065)
No single metric tells the full story. See the TSE:3191 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Joyful Honda Co Ltd is engaged in the home center retail business. Its business operations are grouped into four divisions: Home Center, Garden Center, Pet Center and Exterior Center. Home Centers supplies timber, building materials, paint, tools, hardware, worker essentials, electrical fittings and other materials for home renovation projects. Garden Centers provides an extensive range of flower seedlings, vegetable seedlings, plants, mulch and other soil for horticulture, fertilizers, plant pots and other gardening supplies. Pet Center offers pet-related products, including pet food, cages, and toys. Exterior Centers provide services from sales to construction.
71GF Score
Get the complete analysis for TSE:3191
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:3191 has been successfully added to your 
