Hobonichi Co (TSE:3560) Return-on-Tangible-Equity: 53.22% (As of Feb. 2026) — 370% 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:3560 Hobonichi Co Ltd TSE:3560
90 GF Score
Price 円4,255.00
GF Value 円4,452.82
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Hobonichi Co Return-on-Tangible-Equity?

Hobonichi Co TSE:3560 +1.92% 90 Return-on-Tangible-Equity is 53.22% as of Feb. 2026, which is 370% above its 10-year median of 11.33. GuruFocus rates TSE:3560 with a GF Score™ of 90/100 and a GF Value™ of 円4,452.82 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,060 Retail - Cyclical companies, Hobonichi Co ranks better than 73.21% 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. Hobonichi Co's annualized net income for the quarter that ended in Feb. 2026 was 円2,421 Mil. Hobonichi Co's average shareholder tangible equity for the quarter that ended in Feb. 2026 was 円4,549 Mil. Therefore, Hobonichi Co's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2026 was 53.22%.

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

TSE:3560' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.21   Med: 11.33   Max: 20.62
Current: 20.62

During the past 11 years, Hobonichi Co's highest Return-on-Tangible-Equity was 20.62%. The lowest was 4.21%. And the median was 11.33%.

TSE:3560's Return-on-Tangible-Equity is ranked better than
73.21% of 1060 companies
in the Retail - Cyclical industry
Industry Median: 8.455 vs TSE:3560: 20.62

Hobonichi Co  (TSE:3560) 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.


Hobonichi Co Return-on-Tangible-Equity Related Terms


Hobonichi Co Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Hobonichi 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.

Hobonichi Co Return-on-Tangible-Equity Chart

Hobonichi Co Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.47 5.81 11.24 10.48 11.41

Hobonichi Co Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 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 36.55 -16.89 35.58 -13.47 53.22

TSE:3560 vs CASY, WSM, DKS: Return-on-Tangible-Equity Comparison

For the Specialty Retail subindustry, Hobonichi 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.


Hobonichi Co Return-on-Tangible-Equity vs Retail - Cyclical Industry

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

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


TSE:3560
90GF Score
Hobonichi Co Ltd TSE:3560
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hobonichi Co Return-on-Tangible-Equity Calculation

Hobonichi Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Aug. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Aug. 2025 )  (A: Aug. 2024 )(A: Aug. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Aug. 2025 )  (A: Aug. 2024 )(A: Aug. 2025 )
=448.354/( (3835.905+4022.132 )/ 2 )
=448.354/3929.0185
=11.41 %

Hobonichi Co'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 )
=2420.928/( (4022.132+5075.641)/ 2 )
=2420.928/4548.8865
=53.22 %

* 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 53.22% mean?
Hobonichi Co (TSE:3560) has a Return-on-Tangible-Equity of 53.22% 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 Hobonichi Co and its competitors. This is 370% above median its historical median of 11.33. Over the past decade, Hobonichi Co's Return-on-Tangible-Equity has ranged from 4.21 to 20.62. According to the industry distribution chart, Hobonichi Co ranks #284 out of 1060 companies in the Retail - Cyclical industry, placing it in the top 26.8%.
Is Hobonichi Co's Return-on-Tangible-Equity too high?
Hobonichi Co's current Return-on-Tangible-Equity of 53.22% is 370% above median its 10-year median of 11.33. Over the past 10 years, this metric has ranged from a low of 4.21 to a high of 20.62. The Retail - Cyclical industry median Return-on-Tangible-Equity is 8.46. Hobonichi Co's value of 53.22% is 529.5% above this industry median. Based on the distribution chart, Hobonichi Co ranks #284 out of 1060 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Hobonichi Co has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hobonichi Co's Return-on-Tangible-Equity compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Hobonichi Co ranks #284 out of 1060 companies for Return-on-Tangible-Equity. This puts Hobonichi Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.46. Hobonichi Co's value of 53.22% is 529.5% above this benchmark. Historically, Hobonichi Co's own Return-on-Tangible-Equity has ranged from 4.21 to 20.62 over the past decade. While the company's 10-year median is 11.33 vs. the industry median of 8.46, Hobonichi 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 - Cyclical company?
The median Return-on-Tangible-Equity among Retail - Cyclical companies is 8.46, based on 1,060 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. Hobonichi Co's current Return-on-Tangible-Equity of 53.22% is 529.5% 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 Hobonichi Co and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Equity is 8.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hobonichi Co's current Return-on-Tangible-Equity is 53.22%, which is 370% above median its own 10-year median of 11.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hobonichi Co stock overvalued right now?
Based on GuruFocus' analysis, Hobonichi Co (TSE:3560) is currently considered Fairly Valued. The stock's GF Value™ is 円4,452.82, compared to a current price of 円4,255.00 — trading 4.4% below its estimated fair value. The current Return-on-Tangible-Equity is 53.22%, which is 370% above median its 10-year median of 11.33 and 529.5% above the Retail - Cyclical industry median of 8.46. Hobonichi Co's overall GF Score™ is 90/100 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 Hobonichi Co (TSE:3560), the current Return-on-Tangible-Equity is 53.22% 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 Hobonichi Co (TSE:3560) Overvalued in 2026?

Based on GuruFocus' analysis, Hobonichi Co stock appears to be undervalued. The current stock price of 円4,255.00 is trading 4.4% below its estimated GF Value™ of 円4,452.82. GuruFocus considers Hobonichi Co to be Fairly Valued.

Key valuation signals for TSE:3560:

  • Return-on-Tangible-Equity: 53.22% (370% above median its 10-year median of 11.33)
  • GF Value™: 円4,452.82 vs. price of 円4,255.00 (4.4% below fair value)
  • GF Score™: 90/100 with 4 warning signs
  • Industry Position: 529.5% above the Retail - Cyclical median (#284 of 1060)

No single metric tells the full story. See the TSE:3560 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hobonichi Co Business Description

Address 18-3 Kanda Nishikicho, Chiyoda-ku, Tokyo, JPN, 107-0061
Hobonichi Co Ltd is an internet based content development and delivery company. It also provides product development and sales.
90GF Score

Get the complete analysis for TSE:3560

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

円4,255.00
Price
円4,452.82
GF Value