Kusuri No Aoki Holdings (TSE:3549) Return-on-Tangible-Equity: 19.10% (As of Feb. 2026) — 19% Above Median

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TSE:3549 Kusuri No Aoki Holdings TSE:3549
91 GF Score
Price 円3,866.00
GF Value 円4,262.57
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Kusuri No Aoki Holdings Return-on-Tangible-Equity?

Kusuri No Aoki Holdings TSE:3549 +0.91% 91 Return-on-Tangible-Equity is 19.10% as of Feb. 2026, which is 19% above its 10-year median of 16.03. GuruFocus rates TSE:3549 with a GF Score™ of 91/100 and a GF Value™ of 円4,262.57 (Fairly Valued). The stock has 2 warning signs investors should review. Among 580 Healthcare Providers & Services companies, Kusuri No Aoki Holdings ranks better than 58.28% 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. Kusuri No Aoki Holdings's annualized net income for the quarter that ended in Feb. 2026 was 円22,948 Mil. Kusuri No Aoki Holdings's average shareholder tangible equity for the quarter that ended in Feb. 2026 was 円120,145 Mil. Therefore, Kusuri No Aoki Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2026 was 19.10%.

The historical rank and industry rank for Kusuri No Aoki Holdings's Return-on-Tangible-Equity or its related term are showing as below:

TSE:3549' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 12.11   Med: 16.03   Max: 26.35
Current: 13.79

During the past 13 years, Kusuri No Aoki Holdings's highest Return-on-Tangible-Equity was 26.35%. The lowest was 12.11%. And the median was 16.03%.

TSE:3549's Return-on-Tangible-Equity is ranked better than
58.28% of 580 companies
in the Healthcare Providers & Services industry
Industry Median: 10.085 vs TSE:3549: 13.79

Kusuri No Aoki Holdings  (TSE:3549) 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.


Kusuri No Aoki Holdings Return-on-Tangible-Equity Related Terms


Kusuri No Aoki Holdings Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Kusuri No Aoki Holdings'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.

Kusuri No Aoki Holdings Return-on-Tangible-Equity Chart

Kusuri No Aoki Holdings Annual Data
Trend May17 May18 May19 May20 May21 May22 May23 May24 May25 May26
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.54 13.97 12.11 14.72 13.48

Kusuri No Aoki Holdings Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 11.51 15.55 15.10 19.10 5.73

Kusuri No Aoki Holdings Return-on-Tangible-Equity Competitor Comparison

For the Pharmaceutical Retailers subindustry, Kusuri No Aoki Holdings'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.


Kusuri No Aoki Holdings Return-on-Tangible-Equity vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Kusuri No Aoki Holdings's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Kusuri No Aoki Holdings's Return-on-Tangible-Equity falls into.


TSE:3549
91GF Score
Kusuri No Aoki Holdings TSE:3549
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kusuri No Aoki Holdings Return-on-Tangible-Equity Calculation

Kusuri No Aoki Holdings's annualized Return-on-Tangible-Equity for the fiscal year that ended in May. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: May. 2026 )  (A: May. 2025 )(A: May. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: May. 2026 )  (A: May. 2025 )(A: May. 2026 )
=17133/( (132078+122130 )/ 2 )
=17133/127104
=13.48 %

Kusuri No Aoki Holdings'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: Nov. 2025 )(Q: Feb. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Feb. 2026 )  (Q: Nov. 2025 )(Q: Feb. 2026 )
=22948/( (117283+123006)/ 2 )
=22948/120144.5
=19.10 %

* 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 (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 19.10% mean?
Kusuri No Aoki Holdings (TSE:3549) has a Return-on-Tangible-Equity of 19.10% 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 Kusuri No Aoki Holdings and its competitors. This is 19% above median its historical median of 16.03. Over the past decade, Kusuri No Aoki Holdings' Return-on-Tangible-Equity has ranged from 12.11 to 26.35. According to the industry distribution chart, Kusuri No Aoki Holdings ranks #242 out of 580 companies in the Healthcare Providers & Services industry, placing it in the top 41.7%.
Is Kusuri No Aoki Holdings' Return-on-Tangible-Equity too high?
Kusuri No Aoki Holdings' current Return-on-Tangible-Equity of 19.10% is 19% above median its 10-year median of 16.03. Over the past 10 years, this metric has ranged from a low of 12.11 to a high of 26.35. The Healthcare Providers & Services industry median Return-on-Tangible-Equity is 10.09. Kusuri No Aoki Holdings' value of 19.10% is 89.4% above this industry median. Based on the distribution chart, Kusuri No Aoki Holdings ranks #242 out of 580 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, Kusuri No Aoki Holdings has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kusuri No Aoki Holdings' Return-on-Tangible-Equity compare to competitors?
According to the Healthcare Providers & Services industry distribution chart, Kusuri No Aoki Holdings ranks #242 out of 580 companies for Return-on-Tangible-Equity. This puts Kusuri No Aoki Holdings in the upper half of its industry. The industry median Return-on-Tangible-Equity is 10.09. Kusuri No Aoki Holdings' value of 19.10% is 89.4% above this benchmark. Historically, Kusuri No Aoki Holdings' own Return-on-Tangible-Equity has ranged from 12.11 to 26.35 over the past decade. While the company's 10-year median is 16.03 vs. the industry median of 10.09, Kusuri No Aoki Holdings 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 Healthcare Providers & Services company?
The median Return-on-Tangible-Equity among Healthcare Providers & Services companies is 10.09, based on 580 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. Kusuri No Aoki Holdings's current Return-on-Tangible-Equity of 19.10% is 89.4% 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 Kusuri No Aoki Holdings and its competitors. For the Healthcare Providers & Services industry, the median Return-on-Tangible-Equity is 10.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kusuri No Aoki Holdings's current Return-on-Tangible-Equity is 19.10%, which is 19% above median its own 10-year median of 16.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kusuri No Aoki Holdings stock overvalued right now?
Based on GuruFocus' analysis, Kusuri No Aoki Holdings (TSE:3549) is currently considered Fairly Valued. The stock's GF Value™ is 円4,262.57, compared to a current price of 円3,866.00 — trading 9.3% below its estimated fair value. The current Return-on-Tangible-Equity is 19.10%, which is 19% above median its 10-year median of 16.03 and 89.4% above the Healthcare Providers & Services industry median of 10.09. Kusuri No Aoki Holdings' overall GF Score™ is 91/100 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 Kusuri No Aoki Holdings (TSE:3549), the current Return-on-Tangible-Equity is 19.10% 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 Kusuri No Aoki Holdings (TSE:3549) Overvalued in 2026?

Based on GuruFocus' analysis, Kusuri No Aoki Holdings stock appears to be undervalued. The current stock price of 円3,866.00 is trading 9.3% below its estimated GF Value™ of 円4,262.57. GuruFocus considers Kusuri No Aoki Holdings to be Fairly Valued.

Key valuation signals for TSE:3549:

  • Return-on-Tangible-Equity: 19.10% (19% above median its 10-year median of 16.03)
  • GF Value™: 円4,262.57 vs. price of 円3,866.00 (9.3% below fair value)
  • GF Score™: 91/100 with 2 warning signs
  • Industry Position: 89.4% above the Healthcare Providers & Services median (#242 of 580)

No single metric tells the full story. See the TSE:3549 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kusuri No Aoki Holdings Business Description

Address 1st Yokoe-cho 4 Block, Ishikawa Prefecture, Hakusan, JPN, 924-8510
Kusuri No Aoki Holdings is a pharmaceutical retail chain that sells health, beauty, and cleaning supplies. The company operates stores that focus primarily on residential areas in Japan. Kusuri's business includes pharmaceutical drugs, and the company also operates a bone-marrow bank. The company breaks out its sales into four different product lines, including health, beauty, life, and dispensing. The vast majority of the company's revenue is derived from its life product category, followed by beauty products. Most of Kusuri's revenue is derived from the Hokuriku region.
91GF Score

Get the complete analysis for TSE:3549

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

円3,866.00
Price
円4,262.57
GF Value