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Medical NetTSE:3645 +3.15%61 Return-on-Tangible-Equity is 9.04% as of Feb. 2026, which is 30% above its 10-year median of 6.94. GuruFocus rates TSE:3645 with a GF Score™ of 61/100 and a GF Value™ of 円414.17 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 490 Interactive Media companies, Medical Net ranks better than 55.1% 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. Medical Net's annualized net income for the quarter that ended in Feb. 2026 was 円139 Mil. Medical Net's average shareholder tangible equity for the quarter that ended in Feb. 2026 was 円1,532 Mil. Therefore, Medical Net's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2026 was 9.04%.
The historical rank and industry rank for Medical Net's Return-on-Tangible-Equity or its related term are showing as below:
TSE:3645'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -4.98 Med: 6.94 Max: 33.5
Current: 3.17
During the past 13 years, Medical Net's highest Return-on-Tangible-Equity was 33.50%. The lowest was -4.98%. And the median was 6.94%.
TSE:3645's Return-on-Tangible-Equity is ranked better than 55.1% of 490
companies
in the Interactive Media industry
Industry Median: 5.51
vs TSE:3645: 3.17
Medical Net (TSE:3645) 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.
Medical Net Return-on-Tangible-Equity Related Terms
Medical Net Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Medical Net'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:3645 vs GOOGL, META, SPOT: Return-on-Tangible-Equity Comparison
For the Internet Content & Information subindustry, Medical Net'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.
Medical Net Return-on-Tangible-Equity vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Medical Net's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Medical Net'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 (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 9.04% mean?
Medical Net (TSE:3645) has a Return-on-Tangible-Equity of 9.04% 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 Medical Net and its competitors. This is 30% above median its historical median of 6.94. According to the industry distribution chart, Medical Net ranks #220 out of 490 companies in the Interactive Media industry, placing it in the top 44.9%.
Is Medical Net's Return-on-Tangible-Equity too high?
Medical Net's current Return-on-Tangible-Equity of 9.04% is 30% above median its 10-year median of 6.94. The Interactive Media industry median Return-on-Tangible-Equity is 5.51. Medical Net's value of 9.04% is 64.1% above this industry median. Based on the distribution chart, Medical Net ranks #220 out of 490 companies in the Interactive Media industry, which is above the industry midpoint. Overall, Medical Net has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Medical Net's Return-on-Tangible-Equity compare to GOOGL and META?
According to the Interactive Media industry distribution chart, Medical Net ranks #220 out of 490 companies for Return-on-Tangible-Equity. This puts Medical Net in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.51. Medical Net's value of 9.04% is 64.1% above this benchmark. While the company's 10-year median is 6.94 vs. the industry median of 5.51, Medical Net 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 an Interactive Media company?
The median Return-on-Tangible-Equity among Interactive Media companies is 5.51, based on 490 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. Medical Net's current Return-on-Tangible-Equity of 9.04% is 64.1% 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 Medical Net and its competitors. For the Interactive Media industry, the median Return-on-Tangible-Equity is 5.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Medical Net's current Return-on-Tangible-Equity is 9.04%, which is 30% above median its own 10-year median of 6.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Medical Net stock overvalued right now?
Based on GuruFocus' analysis, Medical Net (TSE:3645) is currently considered Possible Value Trap. The stock's GF Value™ is 円414.17, compared to a current price of 円262.00 — trading 36.7% below its estimated fair value. The current Return-on-Tangible-Equity is 9.04%, which is 30% above median its 10-year median of 6.94 and 64.1% above the Interactive Media industry median of 5.51. Medical Net's overall GF Score™ is 61/100 with 5 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 Medical Net (TSE:3645), the current Return-on-Tangible-Equity is 9.04% 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 Medical Net (TSE:3645) Overvalued in 2026?
Based on GuruFocus' analysis, Medical Net stock appears to be undervalued.
The current stock price of 円262.00 is trading 36.7% below its estimated GF Value™ of 円414.17.
GuruFocus considers Medical Net to be Possible Value Trap.
Key valuation signals for TSE:3645:
Return-on-Tangible-Equity: 9.04% (30% above median its 10-year median of 6.94)
GF Value™: 円414.17 vs. price of 円262.00 (36.7% below fair value)
Industry Position: 64.1% above the Interactive Media median (#220 of 490)
No single metric tells the full story. See the TSE:3645 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Medical Net Inc operates as a service-based holding company engaged in various healthcare-related businesses. It manages four main reporting segments: Media Platform, Medical Institution Management Support, Medical BtoB, and Cloud Integration. The Media Platform segment runs specialized portal websites focused on dentistry, beauty, and health. The Medical Institution Management Support segment offers SEO and listing advertisement services, website production and maintenance, and sales and operational support to dental clinics. The Medical BtoB segment manages member-based dental industry portals and provides research and marketing services. The Cloud Integration segment develops and maintains POS systems for retailers, manufacturers, and hospitals, primarily in Thailand.
61GF Score
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