Baroque Japan (TSE:3548) Return-on-Tangible-Equity: 6.49% (As of Feb. 2026) — 20% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

TSE:3548 Baroque Japan Ltd TSE:3548
62 GF Score
Price 円742.00
GF Value 円699.81
Valuation Fairly Valued
! 9 Warning Signs
View Full Analysis

What is Baroque Japan Return-on-Tangible-Equity?

Baroque Japan TSE:3548 +0.13% 62 Return-on-Tangible-Equity is 6.49% as of Feb. 2026, which is 20% above its 10-year median of 5.40. GuruFocus rates TSE:3548 with a GF Score™ of 62/100 and a GF Value™ of 円699.81 (Fairly Valued). The stock has 9 warning signs investors should review. Among 1,059 Retail - Cyclical companies, Baroque Japan ranks worse than 65.91% 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. Baroque Japan's annualized net income for the quarter that ended in Feb. 2026 was 円710 Mil. Baroque Japan's average shareholder tangible equity for the quarter that ended in Feb. 2026 was 円10,944 Mil. Therefore, Baroque Japan's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2026 was 6.49%.

The historical rank and industry rank for Baroque Japan's Return-on-Tangible-Equity or its related term are showing as below:

TSE:3548' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -17.71   Med: 5.4   Max: 32.48
Current: 3.2

During the past 11 years, Baroque Japan's highest Return-on-Tangible-Equity was 32.48%. The lowest was -17.71%. And the median was 5.40%.

TSE:3548's Return-on-Tangible-Equity is ranked worse than
65.91% of 1059 companies
in the Retail - Cyclical industry
Industry Median: 8.45 vs TSE:3548: 3.20

Baroque Japan  (TSE:3548) 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.


Baroque Japan Return-on-Tangible-Equity Related Terms


Baroque Japan Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Baroque Japan'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.

Baroque Japan Return-on-Tangible-Equity Chart

Baroque Japan Annual Data
Trend Jan16 Jan17 Jan18 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.79 1.29 5.40 -17.71 3.11

Baroque Japan Semi-Annual Data
Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.21 -4.93 -31.96 0.19 6.49

TSE:3548 vs TJX, ROST, BURL: Return-on-Tangible-Equity Comparison

For the Apparel Retail subindustry, Baroque Japan'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.


Baroque Japan Return-on-Tangible-Equity vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Baroque Japan's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Baroque Japan's Return-on-Tangible-Equity falls into.


TSE:3548
62GF Score
Baroque Japan Ltd TSE:3548
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Baroque Japan Return-on-Tangible-Equity Calculation

Baroque Japan's annualized Return-on-Tangible-Equity for the fiscal year that ended in Feb. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Feb. 2026 )  (A: Feb. 2025 )(A: Feb. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Feb. 2026 )  (A: Feb. 2025 )(A: Feb. 2026 )
=366/( (12384+11179 )/ 2 )
=366/11781.5
=3.11 %

Baroque Japan's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Feb. 2026 )  (Q: Aug. 2025 )(Q: Feb. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Feb. 2026 )  (Q: Aug. 2025 )(Q: Feb. 2026 )
=710/( (10708+11179)/ 2 )
=710/10943.5
=6.49 %

* 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 (Feb. 2026) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

What does a Return-on-Tangible-Equity of 6.49% mean?
Baroque Japan (TSE:3548) has a Return-on-Tangible-Equity of 6.49% as of Feb. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Baroque Japan and its competitors. This is 20% above median its historical median of 5.40. According to the industry distribution chart, Baroque Japan ranks #698 out of 1059 companies in the Retail - Cyclical industry, placing it in the top 65.9%.
Is Baroque Japan's Return-on-Tangible-Equity too high?
Baroque Japan's current Return-on-Tangible-Equity of 6.49% is 20% above median its 10-year median of 5.40. The Retail - Cyclical industry median Return-on-Tangible-Equity is 8.45. Baroque Japan's value of 6.49% is 23.2% below this industry median. Based on the distribution chart, Baroque Japan ranks #698 out of 1059 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Baroque Japan has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Baroque Japan's Return-on-Tangible-Equity compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Baroque Japan ranks #698 out of 1059 companies for Return-on-Tangible-Equity. This places Baroque Japan in the lower half of its industry. The industry median Return-on-Tangible-Equity is 8.45. Baroque Japan's value of 6.49% is 23.2% below this benchmark. While the company's 10-year median is 5.40 vs. the industry median of 8.45, Baroque Japan 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 Retail - Cyclical company?
The median Return-on-Tangible-Equity among Retail - Cyclical companies is 8.45, based on 1,059 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. Baroque Japan's current Return-on-Tangible-Equity of 6.49% is 23.2% 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 Baroque Japan and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Equity is 8.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Baroque Japan's current Return-on-Tangible-Equity is 6.49%, which is 20% above median its own 10-year median of 5.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Baroque Japan stock overvalued right now?
Based on GuruFocus' analysis, Baroque Japan (TSE:3548) is currently considered Fairly Valued. The stock's GF Value™ is 円699.81, compared to a current price of 円742.00 — trading 6% above its estimated fair value. The current Return-on-Tangible-Equity is 6.49%, which is 20% above median its 10-year median of 5.40 and 23.2% below the Retail - Cyclical industry median of 8.45. Baroque Japan's overall GF Score™ is 62/100 with 9 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 Baroque Japan (TSE:3548), the current Return-on-Tangible-Equity is 6.49% as of Feb. 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 Baroque Japan (TSE:3548) Overvalued in 2026?

Based on GuruFocus' analysis, Baroque Japan stock appears to be overvalued. The current stock price of 円742.00 is trading 6% above its estimated GF Value™ of 円699.81. GuruFocus considers Baroque Japan to be Fairly Valued.

Key valuation signals for TSE:3548:

  • Return-on-Tangible-Equity: 6.49% (20% above median its 10-year median of 5.40)
  • GF Value™: 円699.81 vs. price of 円742.00 (6% above fair value)
  • GF Score™: 62/100 with 9 warning signs
  • Industry Position: 23.2% below the Retail - Cyclical median (#698 of 1059)

No single metric tells the full story. See the TSE:3548 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Baroque Japan Business Description

Address 4-7-7 Aobadai, Sumitomo Realty & Development Aobadai Hills, Meguro-ku, Tokyo, JPN, 153-0042
Baroque Japan Ltd operates as a holding company which engages in the operation of apparels and accessory franchise stores. The company provides fashion building and train station building apparels, shopping center apparels, department store apparels, non-store (mail order-wholesale), shoes, and own branded stores and online shopping malls.
62GF Score

Get the complete analysis for TSE:3548

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円742.00
Price
円699.81
GF Value