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FFRI SecurityTSE:3692 -2.30%85 Return-on-Tangible-Equity is 39.35% as of Mar. 2026, which is 82% above its 10-year median of 21.64. GuruFocus rates TSE:3692 with a GF Score™ of 85/100 and a GF Value™ of 円4,392.73 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 2,477 Software companies, FFRI Security ranks better than 78.2% 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. FFRI Security's annualized net income for the quarter that ended in Mar. 2026 was 円1,316 Mil. FFRI Security's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円3,345 Mil. Therefore, FFRI Security's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 39.35%.
The historical rank and industry rank for FFRI Security's Return-on-Tangible-Equity or its related term are showing as below:
TSE:3692'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.23 Med: 21.64 Max: 40.4
Current: 35.21
During the past 13 years, FFRI Security's highest Return-on-Tangible-Equity was 40.40%. The lowest was 7.23%. And the median was 21.64%.
TSE:3692's Return-on-Tangible-Equity is ranked better than 78.2% of 2477
companies
in the Software industry
Industry Median: 8.83
vs TSE:3692: 35.21
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.
FFRI Security Return-on-Tangible-Equity Related Terms
FFRI Security Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for FFRI Security'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:3692 vs UBER, SHOP, CRM: Return-on-Tangible-Equity Comparison
For the Software - Application subindustry, FFRI Security'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.
FFRI Security Return-on-Tangible-Equity vs Software Industry
For the Software industry and Technology sector, FFRI Security's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where FFRI Security'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 two times the semi-annual (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 39.35% mean?
FFRI Security (TSE:3692) has a Return-on-Tangible-Equity of 39.35% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on FFRI Security and its competitors. This is 82% above median its historical median of 21.64. Over the past decade, FFRI Security's Return-on-Tangible-Equity has ranged from 7.23 to 40.40. According to the industry distribution chart, FFRI Security ranks #540 out of 2477 companies in the Software industry, placing it in the top 21.8%.
Is FFRI Security's Return-on-Tangible-Equity too high?
FFRI Security's current Return-on-Tangible-Equity of 39.35% is 82% above median its 10-year median of 21.64. Over the past 10 years, this metric has ranged from a low of 7.23 to a high of 40.40. The Software industry median Return-on-Tangible-Equity is 8.83. FFRI Security's value of 39.35% is 345.6% above this industry median. Based on the distribution chart, FFRI Security ranks #540 out of 2477 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, FFRI Security has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does FFRI Security's Return-on-Tangible-Equity compare to UBER and SHOP?
According to the Software industry distribution chart, FFRI Security ranks #540 out of 2477 companies for Return-on-Tangible-Equity. This places FFRI Security in the top 22% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.83. FFRI Security's value of 39.35% is 345.6% above this benchmark. Historically, FFRI Security's own Return-on-Tangible-Equity has ranged from 7.23 to 40.40 over the past decade. While the company's 10-year median is 21.64 vs. the industry median of 8.83, FFRI Security 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 Software company?
The median Return-on-Tangible-Equity among Software companies is 8.83, based on 2,477 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. FFRI Security's current Return-on-Tangible-Equity of 39.35% is 345.6% 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 FFRI Security and its competitors. For the Software industry, the median Return-on-Tangible-Equity is 8.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FFRI Security's current Return-on-Tangible-Equity is 39.35%, which is 82% above median its own 10-year median of 21.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FFRI Security stock overvalued right now?
Based on GuruFocus' analysis, FFRI Security (TSE:3692) is currently considered Modestly Overvalued. The stock's GF Value™ is 円4,392.73, compared to a current price of 円5,520.00 — trading 25.7% above its estimated fair value. The current Return-on-Tangible-Equity is 39.35%, which is 82% above median its 10-year median of 21.64 and 345.6% above the Software industry median of 8.83. FFRI Security's overall GF Score™ is 85/100 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 FFRI Security (TSE:3692), the current Return-on-Tangible-Equity is 39.35% as of Mar. 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 FFRI Security (TSE:3692) Overvalued in 2026?
Based on GuruFocus' analysis, FFRI Security stock appears to be overvalued.
The current stock price of 円5,520.00 is trading 25.7% above its estimated GF Value™ of 円4,392.73.
GuruFocus considers FFRI Security to be Modestly Overvalued.
Key valuation signals for TSE:3692:
Return-on-Tangible-Equity: 39.35% (82% above median its 10-year median of 21.64)
GF Value™: 円4,392.73 vs. price of 円5,520.00 (25.7% above fair value)
Industry Position: 345.6% above the Software median (#540 of 2477)
No single metric tells the full story. See the TSE:3692 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FFRI Security Inc is engaged in providing computer security research, consulting, information provision, education, network system research, computer software and computer program planning, development, sales, leasing, maintenance, management, operation, and the acquisition, transfer, lending, and management of related property right such as copyrights, patent rights, utility model rights, trademark rights, and design rights.
85GF Score
Get the complete analysis for TSE:3692
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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