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.
Star Asia InvestmentTSE:3468 -0.36%50 Return-on-Tangible-Equity is 6.88% as of Jan. 2026, which is 7% below its 10-year median of 7.38. GuruFocus rates TSE:3468 with a GF Score™ of 50/100 and a GF Value™ of 円62,802.91 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 931 REITs companies, Star Asia Investment ranks better than 56.18% 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. Star Asia Investment's annualized net income for the quarter that ended in Jan. 2026 was 円9,507 Mil. Star Asia Investment's average shareholder tangible equity for the quarter that ended in Jan. 2026 was 円138,280 Mil. Therefore, Star Asia Investment's annualized Return-on-Tangible-Equity for the quarter that ended in Jan. 2026 was 6.88%.
The historical rank and industry rank for Star Asia Investment's Return-on-Tangible-Equity or its related term are showing as below:
TSE:3468'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.74 Med: 7.38 Max: 24.82
Current: 6.93
During the past 10 years, Star Asia Investment's highest Return-on-Tangible-Equity was 24.82%. The lowest was 5.74%. And the median was 7.38%.
TSE:3468's Return-on-Tangible-Equity is ranked better than 56.18% of 931
companies
in the REITs industry
Industry Median: 6.26
vs TSE:3468: 6.93
Star Asia Investment (TSE:3468) 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.
Star Asia Investment Return-on-Tangible-Equity Related Terms
Star Asia Investment Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Star Asia 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.
Star Asia Investment Return-on-Tangible-Equity Chart
TSE:3468 vs VICI, WPC: Return-on-Tangible-Equity Comparison
For the REIT - Diversified subindustry, Star Asia 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.
Star Asia Investment Return-on-Tangible-Equity vs REITs Industry
For the REITs industry and Real Estate sector, Star Asia Investment's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Star Asia 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 (Jan. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 6.88% mean?
Star Asia Investment (TSE:3468) has a Return-on-Tangible-Equity of 6.88% as of Jan. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Star Asia Investment and its competitors. This is near median its historical median of 7.38. Over the past decade, Star Asia Investment's Return-on-Tangible-Equity has ranged from 5.74 to 24.82. According to the industry distribution chart, Star Asia Investment ranks #408 out of 931 companies in the REITs industry, placing it in the top 43.8%.
Is Star Asia Investment's Return-on-Tangible-Equity too high?
Star Asia Investment's current Return-on-Tangible-Equity of 6.88% is near median its 10-year median of 7.38. Over the past 10 years, this metric has ranged from a low of 5.74 to a high of 24.82. The REITs industry median Return-on-Tangible-Equity is 6.26. Star Asia Investment's value of 6.88% is 9.9% above this industry median. Based on the distribution chart, Star Asia Investment ranks #408 out of 931 companies in the REITs industry, which is above the industry midpoint. Overall, Star Asia Investment has a GF Score™ of 50/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Star Asia Investment's Return-on-Tangible-Equity compare to VICI and WPC?
According to the REITs industry distribution chart, Star Asia Investment ranks #408 out of 931 companies for Return-on-Tangible-Equity. This puts Star Asia Investment in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.26. Star Asia Investment's value of 6.88% is 9.9% above this benchmark. Historically, Star Asia Investment's own Return-on-Tangible-Equity has ranged from 5.74 to 24.82 over the past decade. While the company's 10-year median is 7.38 vs. the industry median of 6.26, Star Asia 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 6.26, based on 931 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. Star Asia Investment's current Return-on-Tangible-Equity of 6.88% is 9.9% 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 Star Asia Investment and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Star Asia Investment's current Return-on-Tangible-Equity is 6.88%, which is near median its own 10-year median of 7.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Star Asia Investment stock overvalued right now?
Based on GuruFocus' analysis, Star Asia Investment (TSE:3468) is currently considered Modestly Undervalued. The stock's GF Value™ is 円62,802.91, compared to a current price of 円55,600.00 — trading 11.5% below its estimated fair value. The current Return-on-Tangible-Equity is 6.88%, which is near median its 10-year median of 7.38 and 9.9% above the REITs industry median of 6.26. Star Asia Investment's overall GF Score™ is 50/100 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 Star Asia Investment (TSE:3468), the current Return-on-Tangible-Equity is 6.88% as of Jan. 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 Star Asia Investment (TSE:3468) Overvalued in 2026?
Based on GuruFocus' analysis, Star Asia Investment stock appears to be undervalued.
The current stock price of 円55,600.00 is trading 11.5% below its estimated GF Value™ of 円62,802.91.
GuruFocus considers Star Asia Investment to be Modestly Undervalued.
Key valuation signals for TSE:3468:
Return-on-Tangible-Equity: 6.88% (near median its 10-year median of 7.38)
GF Value™: 円62,802.91 vs. price of 円55,600.00 (11.5% below fair value)
Industry Position: 9.9% above the REITs median (#408 of 931)
No single metric tells the full story. See the TSE:3468 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Star Asia Investment Corp is a real estate investment trust (REIT). The company mainly invests in real estate properties such as business offices, logistics facilities, residential buildings and hotels. It aims to achieve internal and external growth in asset and maximize investors' profit from mid-term to long-term perspectives.
50GF Score
Get the complete analysis for TSE:3468
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:3468 has been successfully added to your 
