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JM Holdings CoTSE:3539 +1.63%77 Return-on-Tangible-Equity is 17.97% as of Jan. 2026, which is 22% above its 10-year median of 14.67. GuruFocus rates TSE:3539 with a GF Score™ of 77/100 and a GF Value™ of 円1,454.46 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 301 Retail - Defensive companies, JM Holdings Co ranks better than 57.48% 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. JM Holdings Co's annualized net income for the quarter that ended in Jan. 2026 was 円7,852 Mil. JM Holdings Co's average shareholder tangible equity for the quarter that ended in Jan. 2026 was 円43,703 Mil. Therefore, JM Holdings Co's annualized Return-on-Tangible-Equity for the quarter that ended in Jan. 2026 was 17.97%.
The historical rank and industry rank for JM Holdings Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:3539'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 12.51 Med: 14.67 Max: 19.09
Current: 14.14
During the past 11 years, JM Holdings Co's highest Return-on-Tangible-Equity was 19.09%. The lowest was 12.51%. And the median was 14.67%.
TSE:3539's Return-on-Tangible-Equity is ranked better than 57.48% of 301
companies
in the Retail - Defensive industry
Industry Median: 10.96
vs TSE:3539: 14.14
JM Holdings Co (TSE:3539) 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.
JM Holdings Co Return-on-Tangible-Equity Related Terms
JM Holdings Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for JM Holdings 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:3539 vs KR: Return-on-Tangible-Equity Comparison
For the Grocery Stores subindustry, JM Holdings 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.
JM Holdings Co Return-on-Tangible-Equity vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, JM Holdings Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where JM Holdings 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 (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 17.97% mean?
JM Holdings Co (TSE:3539) has a Return-on-Tangible-Equity of 17.97% 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 JM Holdings Co and its competitors. This is 22% above median its historical median of 14.67. Over the past decade, JM Holdings Co's Return-on-Tangible-Equity has ranged from 12.51 to 19.09. According to the industry distribution chart, JM Holdings Co ranks #128 out of 301 companies in the Retail - Defensive industry, placing it in the top 42.5%.
Is JM Holdings Co's Return-on-Tangible-Equity too high?
JM Holdings Co's current Return-on-Tangible-Equity of 17.97% is 22% above median its 10-year median of 14.67. Over the past 10 years, this metric has ranged from a low of 12.51 to a high of 19.09. The Retail - Defensive industry median Return-on-Tangible-Equity is 10.96. JM Holdings Co's value of 17.97% is 64% above this industry median. Based on the distribution chart, JM Holdings Co ranks #128 out of 301 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, JM Holdings Co has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does JM Holdings Co's Return-on-Tangible-Equity compare to KR?
According to the Retail - Defensive industry distribution chart, JM Holdings Co ranks #128 out of 301 companies for Return-on-Tangible-Equity. This puts JM Holdings Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 10.96. JM Holdings Co's value of 17.97% is 64% above this benchmark. Historically, JM Holdings Co's own Return-on-Tangible-Equity has ranged from 12.51 to 19.09 over the past decade. While the company's 10-year median is 14.67 vs. the industry median of 10.96, JM Holdings 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 - Defensive company?
The median Return-on-Tangible-Equity among Retail - Defensive companies is 10.96, based on 301 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. JM Holdings Co's current Return-on-Tangible-Equity of 17.97% is 64% 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 JM Holdings Co and its competitors. For the Retail - Defensive industry, the median Return-on-Tangible-Equity is 10.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JM Holdings Co's current Return-on-Tangible-Equity is 17.97%, which is 22% above median its own 10-year median of 14.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JM Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, JM Holdings Co (TSE:3539) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,454.46, compared to a current price of 円1,312.00 — trading 9.8% below its estimated fair value. The current Return-on-Tangible-Equity is 17.97%, which is 22% above median its 10-year median of 14.67 and 64% above the Retail - Defensive industry median of 10.96. JM Holdings Co's overall GF Score™ is 77/100 with 2 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 JM Holdings Co (TSE:3539), the current Return-on-Tangible-Equity is 17.97% 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 JM Holdings Co (TSE:3539) Overvalued in 2026?
Based on GuruFocus' analysis, JM Holdings Co stock appears to be undervalued.
The current stock price of 円1,312.00 is trading 9.8% below its estimated GF Value™ of 円1,454.46.
GuruFocus considers JM Holdings Co to be Modestly Undervalued.
Key valuation signals for TSE:3539:
Return-on-Tangible-Equity: 17.97% (22% above median its 10-year median of 14.67)
GF Value™: 円1,454.46 vs. price of 円1,312.00 (9.8% below fair value)
Industry Position: 64% above the Retail - Defensive median (#128 of 301)
No single metric tells the full story. See the TSE:3539 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
JM Holdings Co Ltd operates food supermarkets that retail meat products, fresh vegetables, fishes and other daily food products. The company also manages beef barbecue restaurants. It offers meat products, including meat processed goods, and frozen and refrigerated processed products, as well as meat of cow, chicken, and ham, as well as pork; food products comprising seasonings, processed foods, rice, bread, sake, noodles, eggs, dairy products; and vegetables, fruits, vegetables and fruits processed products, fresh juices, and cakes. It also provides fish products, sushi, dried fish, seaweed, shellfish, crustaceans, marine processing; and prepared foods, including lunch and fried foods, and tonkatsu, as well as salads, boiled foods, pottery, steamed foods.
77GF Score
Get the complete analysis for TSE:3539
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