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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. Tosei Reit Investment's annualized net income for the quarter that ended in Apr. 2026 was 円2,956 Mil. Tosei Reit Investment's average shareholder tangible equity for the quarter that ended in Apr. 2026 was 円42,169 Mil. Therefore, Tosei Reit Investment's annualized Return-on-Tangible-Equity for the quarter that ended in Apr. 2026 was 7.01%.
The historical rank and industry rank for Tosei Reit Investment's Return-on-Tangible-Equity or its related term are showing as below:
TSE:3451'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.68 Med: 7 Max: 8.32
Current: 6.97
During the past 11 years, Tosei Reit Investment's highest Return-on-Tangible-Equity was 8.32%. The lowest was 6.68%. And the median was 7.00%.
TSE:3451's Return-on-Tangible-Equity is ranked better than 55.89% of 934
companies
in the REITs industry
Industry Median: 6.275
vs TSE:3451: 6.97
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.
Tosei Reit Investment Return-on-Tangible-Equity Related Terms
Tosei Reit Investment Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Tosei Reit Investment'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:3451 vs VICI, WPC: Return-on-Tangible-Equity Comparison
For the REIT - Diversified subindustry, Tosei Reit Investment'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.
Tosei Reit Investment Return-on-Tangible-Equity vs REITs Industry
For the REITs industry and Real Estate sector, Tosei Reit Investment's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Tosei Reit Investment'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 7.01% mean?
Tosei Reit Investment (TSE:3451) has a Return-on-Tangible-Equity of 7.01% 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 Tosei Reit Investment and its competitors. This is near median its historical median of 7.00. Over the past decade, Tosei Reit Investment's Return-on-Tangible-Equity has ranged from 6.68 to 8.32. According to the industry distribution chart, Tosei Reit Investment ranks #412 out of 934 companies in the REITs industry, placing it in the top 44.1%.
Is Tosei Reit Investment's Return-on-Tangible-Equity too high?
Tosei Reit Investment's current Return-on-Tangible-Equity of 7.01% is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 6.68 to a high of 8.32. The REITs industry median Return-on-Tangible-Equity is 6.28. Tosei Reit Investment's value of 7.01% is 11.7% above this industry median. Based on the distribution chart, Tosei Reit Investment ranks #412 out of 934 companies in the REITs industry, which is above the industry midpoint. Overall, Tosei Reit Investment has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tosei Reit Investment's Return-on-Tangible-Equity compare to VICI and WPC?
According to the REITs industry distribution chart, Tosei Reit Investment ranks #412 out of 934 companies for Return-on-Tangible-Equity. This puts Tosei Reit Investment in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.28. Tosei Reit Investment's value of 7.01% is 11.7% above this benchmark. Historically, Tosei Reit Investment's own Return-on-Tangible-Equity has ranged from 6.68 to 8.32 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 6.28, Tosei Reit Investment 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 REITs company?
The median Return-on-Tangible-Equity among REITs companies is 6.28, based on 934 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. Tosei Reit Investment's current Return-on-Tangible-Equity of 7.01% is 11.7% 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 Tosei Reit Investment 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. Tosei Reit Investment's current Return-on-Tangible-Equity is 7.01%, which is near median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tosei Reit Investment stock overvalued right now?
Based on GuruFocus' analysis, Tosei Reit Investment (TSE:3451) is currently considered Fairly Valued. The stock's GF Value™ is 円142,652.38, compared to a current price of 円133,500.00 — trading 6.4% below its estimated fair value. The current Return-on-Tangible-Equity is 7.01%, which is near median its 10-year median of 7.00 and 11.7% above the REITs industry median of 6.28. Tosei Reit Investment's overall GF Score™ is 62/100 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 Tosei Reit Investment (TSE:3451), the current Return-on-Tangible-Equity is 7.01% 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 Tosei Reit Investment (TSE:3451) Overvalued in 2026?
Based on GuruFocus' analysis, Tosei Reit Investment stock appears to be undervalued.
The current stock price of 円133,500.00 is trading 6.4% below its estimated GF Value™ of 円142,652.38.
GuruFocus considers Tosei Reit Investment to be Fairly Valued.
Key valuation signals for TSE:3451:
Return-on-Tangible-Equity: 7.01% (near median its 10-year median of 7.00)
GF Value™: 円142,652.38 vs. price of 円133,500.00 (6.4% below fair value)
Industry Position: 11.7% above the REITs median (#412 of 934)
No single metric tells the full story. See the TSE:3451 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tosei Reit Investment Corp is a Japanese company operating in the real estate industry. The company invests in real estate and other assets and the investments are spread across Offices, Commercial facility and Housing.
62GF Score
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