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Hoshino Resorts REITTSE:3287 +3.29%71 Return-on-Tangible-Equity is 5.96% as of Apr. 2026, which is 19% above its 10-year median of 5.01. GuruFocus rates TSE:3287 with a GF Score™ of 71/100 and a GF Value™ of 円310,114.03 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 928 REITs companies, Hoshino Resorts REIT ranks worse than 56.03% 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. Hoshino Resorts REIT's annualized net income for the quarter that ended in Apr. 2026 was 円7,995 Mil. Hoshino Resorts REIT's average shareholder tangible equity for the quarter that ended in Apr. 2026 was 円134,206 Mil. Therefore, Hoshino Resorts REIT's annualized Return-on-Tangible-Equity for the quarter that ended in Apr. 2026 was 5.96%.
The historical rank and industry rank for Hoshino Resorts REIT's Return-on-Tangible-Equity or its related term are showing as below:
TSE:3287'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.82 Med: 5.01 Max: 6.2
Current: 5.64
During the past 13 years, Hoshino Resorts REIT's highest Return-on-Tangible-Equity was 6.20%. The lowest was 2.82%. And the median was 5.01%.
TSE:3287's Return-on-Tangible-Equity is ranked worse than 56.03% of 928
companies
in the REITs industry
Industry Median: 6.275
vs TSE:3287: 5.64
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.
Hoshino Resorts REIT Return-on-Tangible-Equity Related Terms
Hoshino Resorts REIT Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Hoshino Resorts REIT'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:3287 vs HST, RHP, APLE: Return-on-Tangible-Equity Comparison
For the REIT - Hotel & Motel subindustry, Hoshino Resorts REIT'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.
Hoshino Resorts REIT Return-on-Tangible-Equity vs REITs Industry
For the REITs industry and Real Estate sector, Hoshino Resorts REIT's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Hoshino Resorts REIT'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 (Apr. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 5.96% mean?
Hoshino Resorts REIT (TSE:3287) has a Return-on-Tangible-Equity of 5.96% as of Apr. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Hoshino Resorts REIT and its competitors. This is 19% above median its historical median of 5.01. Over the past decade, Hoshino Resorts REIT's Return-on-Tangible-Equity has ranged from 2.82 to 6.20. According to the industry distribution chart, Hoshino Resorts REIT ranks #520 out of 928 companies in the REITs industry, placing it in the top 56%.
Is Hoshino Resorts REIT's Return-on-Tangible-Equity too high?
Hoshino Resorts REIT's current Return-on-Tangible-Equity of 5.96% is 19% above median its 10-year median of 5.01. Over the past 10 years, this metric has ranged from a low of 2.82 to a high of 6.20. The REITs industry median Return-on-Tangible-Equity is 6.28. Hoshino Resorts REIT's value of 5.96% is 5% below this industry median. Based on the distribution chart, Hoshino Resorts REIT ranks #520 out of 928 companies in the REITs industry, which is below the industry midpoint. Overall, Hoshino Resorts REIT has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hoshino Resorts REIT's Return-on-Tangible-Equity compare to HST and RHP?
According to the REITs industry distribution chart, Hoshino Resorts REIT ranks #520 out of 928 companies for Return-on-Tangible-Equity. This places Hoshino Resorts REIT in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.28. Hoshino Resorts REIT's value of 5.96% is 5% below this benchmark. Historically, Hoshino Resorts REIT's own Return-on-Tangible-Equity has ranged from 2.82 to 6.20 over the past decade. While the company's 10-year median is 5.01 vs. the industry median of 6.28, Hoshino Resorts REIT 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 REITs company?
The median Return-on-Tangible-Equity among REITs companies is 6.28, based on 928 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. Hoshino Resorts REIT's current Return-on-Tangible-Equity of 5.96% is 5% 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 Hoshino Resorts REIT and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hoshino Resorts REIT's current Return-on-Tangible-Equity is 5.96%, which is 19% above median its own 10-year median of 5.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hoshino Resorts REIT stock overvalued right now?
Based on GuruFocus' analysis, Hoshino Resorts REIT (TSE:3287) is currently considered Modestly Undervalued. The stock's GF Value™ is 円310,114.03, compared to a current price of 円244,900.00 — trading 21% below its estimated fair value. The current Return-on-Tangible-Equity is 5.96%, which is 19% above median its 10-year median of 5.01 and 5% below the REITs industry median of 6.28. Hoshino Resorts REIT's overall GF Score™ is 71/100 with 5 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 Hoshino Resorts REIT (TSE:3287), the current Return-on-Tangible-Equity is 5.96% as of Apr. 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 Hoshino Resorts REIT (TSE:3287) Overvalued in 2026?
Based on GuruFocus' analysis, Hoshino Resorts REIT stock appears to be undervalued.
The current stock price of 円244,900.00 is trading 21% below its estimated GF Value™ of 円310,114.03.
GuruFocus considers Hoshino Resorts REIT to be Modestly Undervalued.
Key valuation signals for TSE:3287:
Return-on-Tangible-Equity: 5.96% (19% above median its 10-year median of 5.01)
GF Value™: 円310,114.03 vs. price of 円244,900.00 (21% below fair value)
Industry Position: 5% below the REITs median (#520 of 928)
No single metric tells the full story. See the TSE:3287 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hoshino Resorts REIT Inc is a closed-end real estate investment trust company. It aims to achieve stable earnings and sustainable growth of its investment assets, by investing in hotels, Japanese-Style Inns, and related facilities.
71GF Score
Get the complete analysis for TSE:3287
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