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First Brothers CoTSE:3454 +0.08%65 Return-on-Tangible-Equity is 29.75% as of May. 2026, which is 106% above its 10-year median of 14.42. GuruFocus rates TSE:3454 with a GF Score™ of 65/100 and a GF Value™ of 円1,541.44 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,589 Asset Management companies, First Brothers Co ranks better than 71.87% 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. First Brothers Co's annualized net income for the quarter that ended in May. 2026 was 円7,785 Mil. First Brothers Co's average shareholder tangible equity for the quarter that ended in May. 2026 was 円26,166 Mil. Therefore, First Brothers Co's annualized Return-on-Tangible-Equity for the quarter that ended in May. 2026 was 29.75%.
The historical rank and industry rank for First Brothers Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:3454'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.8 Med: 14.42 Max: 25.74
Current: 15.84
During the past 13 years, First Brothers Co's highest Return-on-Tangible-Equity was 25.74%. The lowest was 5.80%. And the median was 14.42%.
TSE:3454's Return-on-Tangible-Equity is ranked better than 71.87% of 1589
companies
in the Asset Management industry
Industry Median: 7.21
vs TSE:3454: 15.84
First Brothers Co (TSE:3454) 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.
First Brothers Co Return-on-Tangible-Equity Related Terms
First Brothers Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for First Brothers 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:3454 vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, First Brothers 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.
First Brothers Co Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, First Brothers Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where First Brothers 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 (May. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 29.75% mean?
First Brothers Co (TSE:3454) has a Return-on-Tangible-Equity of 29.75% as of May. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on First Brothers Co and its competitors. This is 106% above median its historical median of 14.42. Over the past decade, First Brothers Co's Return-on-Tangible-Equity has ranged from 5.80 to 25.74. According to the industry distribution chart, First Brothers Co ranks #447 out of 1589 companies in the Asset Management industry, placing it in the top 28.1%.
Is First Brothers Co's Return-on-Tangible-Equity too high?
First Brothers Co's current Return-on-Tangible-Equity of 29.75% is 106% above median its 10-year median of 14.42. Over the past 10 years, this metric has ranged from a low of 5.80 to a high of 25.74. The Asset Management industry median Return-on-Tangible-Equity is 7.21. First Brothers Co's value of 29.75% is 312.6% above this industry median. Based on the distribution chart, First Brothers Co ranks #447 out of 1589 companies in the Asset Management industry, which is above the industry midpoint. Overall, First Brothers Co has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does First Brothers Co's Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, First Brothers Co ranks #447 out of 1589 companies for Return-on-Tangible-Equity. This puts First Brothers Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.21. First Brothers Co's value of 29.75% is 312.6% above this benchmark. Historically, First Brothers Co's own Return-on-Tangible-Equity has ranged from 5.80 to 25.74 over the past decade. While the company's 10-year median is 14.42 vs. the industry median of 7.21, First Brothers 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 an Asset Management company?
The median Return-on-Tangible-Equity among Asset Management companies is 7.21, based on 1,589 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. First Brothers Co's current Return-on-Tangible-Equity of 29.75% is 312.6% 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 First Brothers Co and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Brothers Co's current Return-on-Tangible-Equity is 29.75%, which is 106% above median its own 10-year median of 14.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Brothers Co stock overvalued right now?
Based on GuruFocus' analysis, First Brothers Co (TSE:3454) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,541.44, compared to a current price of 円1,277.00 — trading 17.2% below its estimated fair value. The current Return-on-Tangible-Equity is 29.75%, which is 106% above median its 10-year median of 14.42 and 312.6% above the Asset Management industry median of 7.21. First Brothers Co's overall GF Score™ is 65/100 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 First Brothers Co (TSE:3454), the current Return-on-Tangible-Equity is 29.75% as of May. 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 First Brothers Co (TSE:3454) Overvalued in 2026?
Based on GuruFocus' analysis, First Brothers Co stock appears to be undervalued.
The current stock price of 円1,277.00 is trading 17.2% below its estimated GF Value™ of 円1,541.44.
GuruFocus considers First Brothers Co to be Modestly Undervalued.
Key valuation signals for TSE:3454:
Return-on-Tangible-Equity: 29.75% (106% above median its 10-year median of 14.42)
GF Value™: 円1,541.44 vs. price of 円1,277.00 (17.2% below fair value)
Industry Position: 312.6% above the Asset Management median (#447 of 1589)
No single metric tells the full story. See the TSE:3454 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Brothers Co Ltd engages in the investment management business. It operates through the Investment Management, Investment Banking, and Facility Management divisions. The Investment Management division invests in real estate or real estate trust beneficiary rights by performing asset management in a private fund format. The Investment Banking division provides various advisory services for real estate and other investments. The Facility Management operates accommodation facilities to provide hospitality services from a medium-to long-term perspective.
65GF Score
Get the complete analysis for TSE:3454
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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