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Keyware SolutionsTSE:3799 +0.18%71 Return-on-Tangible-Equity is 21.62% as of Mar. 2026, which is 182% above its 10-year median of 7.67. GuruFocus rates TSE:3799 with a GF Score™ of 71/100 and a GF Value™ of 円844.02 (Significantly Overvalued). Among 2,485 Software companies, Keyware Solutions ranks worse than 50.66% 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. Keyware Solutions's annualized net income for the quarter that ended in Mar. 2026 was 円1,624 Mil. Keyware Solutions's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円7,512 Mil. Therefore, Keyware Solutions's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 21.62%.
The historical rank and industry rank for Keyware Solutions's Return-on-Tangible-Equity or its related term are showing as below:
TSE:3799'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.85 Med: 7.67 Max: 13.39
Current: 9.35
During the past 13 years, Keyware Solutions's highest Return-on-Tangible-Equity was 13.39%. The lowest was 1.85%. And the median was 7.67%.
TSE:3799's Return-on-Tangible-Equity is ranked worse than 50.66% of 2485
companies
in the Software industry
Industry Median: 9.9
vs TSE:3799: 9.35
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.
Keyware Solutions Return-on-Tangible-Equity Related Terms
Keyware Solutions Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Keyware Solutions'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:3799 vs IBM, ACN, CTSH: Return-on-Tangible-Equity Comparison
For the Information Technology Services subindustry, Keyware Solutions'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.
Keyware Solutions Return-on-Tangible-Equity vs Software Industry
For the Software industry and Technology sector, Keyware Solutions's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Keyware Solutions'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 (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 21.62% mean?
Keyware Solutions (TSE:3799) has a Return-on-Tangible-Equity of 21.62% 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 Keyware Solutions and its competitors. This is 182% above median its historical median of 7.67. Over the past decade, Keyware Solutions' Return-on-Tangible-Equity has ranged from 1.85 to 13.39. According to the industry distribution chart, Keyware Solutions ranks #1259 out of 2485 companies in the Software industry, placing it in the top 50.7%.
Is Keyware Solutions' Return-on-Tangible-Equity too high?
Keyware Solutions' current Return-on-Tangible-Equity of 21.62% is 182% above median its 10-year median of 7.67. Over the past 10 years, this metric has ranged from a low of 1.85 to a high of 13.39. The Software industry median Return-on-Tangible-Equity is 9.90. Keyware Solutions' value of 21.62% is 118.4% above this industry median. Based on the distribution chart, Keyware Solutions ranks #1259 out of 2485 companies in the Software industry, which is below the industry midpoint. Overall, Keyware Solutions has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Keyware Solutions' Return-on-Tangible-Equity compare to IBM and ACN?
According to the Software industry distribution chart, Keyware Solutions ranks #1259 out of 2485 companies for Return-on-Tangible-Equity. This places Keyware Solutions in the lower half of its industry. The industry median Return-on-Tangible-Equity is 9.90. Keyware Solutions' value of 21.62% is 118.4% above this benchmark. Historically, Keyware Solutions' own Return-on-Tangible-Equity has ranged from 1.85 to 13.39 over the past decade. While the company's 10-year median is 7.67 vs. the industry median of 9.90, Keyware Solutions 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 9.90, based on 2,485 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. Keyware Solutions's current Return-on-Tangible-Equity of 21.62% is 118.4% 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 Keyware Solutions and its competitors. For the Software industry, the median Return-on-Tangible-Equity is 9.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Keyware Solutions's current Return-on-Tangible-Equity is 21.62%, which is 182% above median its own 10-year median of 7.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Keyware Solutions stock overvalued right now?
Based on GuruFocus' analysis, Keyware Solutions (TSE:3799) is currently considered Significantly Overvalued. The stock's GF Value™ is 円844.02, compared to a current price of 円1,144.00 — trading 35.5% above its estimated fair value. The current Return-on-Tangible-Equity is 21.62%, which is 182% above median its 10-year median of 7.67 and 118.4% above the Software industry median of 9.90. Keyware Solutions' overall GF Score™ is 71/100. 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 Keyware Solutions (TSE:3799), the current Return-on-Tangible-Equity is 21.62% 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 Keyware Solutions (TSE:3799) Overvalued in 2026?
Based on GuruFocus' analysis, Keyware Solutions stock appears to be overvalued.
The current stock price of 円1,144.00 is trading 35.5% above its estimated GF Value™ of 円844.02.
GuruFocus considers Keyware Solutions to be Significantly Overvalued.
Key valuation signals for TSE:3799:
Return-on-Tangible-Equity: 21.62% (182% above median its 10-year median of 7.67)
GF Value™: 円844.02 vs. price of 円1,144.00 (35.5% above fair value)
Industry Position: 118.4% above the Software median (#1259 of 2485)
No single metric tells the full story. See the TSE:3799 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Keyware Solutions Inc is a Japan-based Information Technology (IT) service management company. It operates in two divisions including system development business and Integrated IT service business. System development business is mainly engaged in the construction and development of applications and systems related to social infrastructure. Integrated IT service division offers packaged software, hardware and support services. The company mainly caters to financial, distribution, manufacturing, communication, transportation, reporting, medical, government agency, and service industries.
71GF Score
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