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Ecomic CoTSE:3802 -1.01%79 Return-on-Tangible-Equity is 36.90% as of Mar. 2026, which is 174% above its 10-year median of 13.49. GuruFocus rates TSE:3802 with a GF Score™ of 79/100 and a GF Value™ of 円475.19 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,009 Business Services companies, Ecomic Co ranks worse than 59.17% 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. Ecomic Co's annualized net income for the quarter that ended in Mar. 2026 was 円480 Mil. Ecomic Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円1,301 Mil. Therefore, Ecomic Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 36.90%.
The historical rank and industry rank for Ecomic Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:3802'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.73 Med: 13.49 Max: 17.49
Current: 7.84
During the past 13 years, Ecomic Co's highest Return-on-Tangible-Equity was 17.49%. The lowest was 2.73%. And the median was 13.49%.
TSE:3802's Return-on-Tangible-Equity is ranked worse than 59.17% of 1009
companies
in the Business Services industry
Industry Median: 10.71
vs TSE:3802: 7.84
Ecomic Co (TSE:3802) 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.
Ecomic Co Return-on-Tangible-Equity Related Terms
Ecomic Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Ecomic 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.
TSE:3802 vs CTAS, CPRT, ULS: Return-on-Tangible-Equity Comparison
For the Specialty Business Services subindustry, Ecomic 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.
Ecomic Co Return-on-Tangible-Equity vs Business Services Industry
For the Business Services industry and Industrials sector, Ecomic Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Ecomic Co'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 36.90% mean?
Ecomic Co (TSE:3802) has a Return-on-Tangible-Equity of 36.90% 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 Ecomic Co and its competitors. This is 174% above median its historical median of 13.49. Over the past decade, Ecomic Co's Return-on-Tangible-Equity has ranged from 2.73 to 17.49. According to the industry distribution chart, Ecomic Co ranks #597 out of 1009 companies in the Business Services industry, placing it in the top 59.2%.
Is Ecomic Co's Return-on-Tangible-Equity too high?
Ecomic Co's current Return-on-Tangible-Equity of 36.90% is 174% above median its 10-year median of 13.49. Over the past 10 years, this metric has ranged from a low of 2.73 to a high of 17.49. The Business Services industry median Return-on-Tangible-Equity is 10.71. Ecomic Co's value of 36.90% is 244.5% above this industry median. Based on the distribution chart, Ecomic Co ranks #597 out of 1009 companies in the Business Services industry, which is below the industry midpoint. Overall, Ecomic Co has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ecomic Co's Return-on-Tangible-Equity compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Ecomic Co ranks #597 out of 1009 companies for Return-on-Tangible-Equity. This places Ecomic Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 10.71. Ecomic Co's value of 36.90% is 244.5% above this benchmark. Historically, Ecomic Co's own Return-on-Tangible-Equity has ranged from 2.73 to 17.49 over the past decade. While the company's 10-year median is 13.49 vs. the industry median of 10.71, Ecomic 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 Business Services company?
The median Return-on-Tangible-Equity among Business Services companies is 10.71, based on 1,009 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. Ecomic Co's current Return-on-Tangible-Equity of 36.90% is 244.5% 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 Ecomic Co and its competitors. For the Business Services industry, the median Return-on-Tangible-Equity is 10.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ecomic Co's current Return-on-Tangible-Equity is 36.90%, which is 174% above median its own 10-year median of 13.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ecomic Co stock overvalued right now?
Based on GuruFocus' analysis, Ecomic Co (TSE:3802) is currently considered Fairly Valued. The stock's GF Value™ is 円475.19, compared to a current price of 円488.00 — trading 2.7% above its estimated fair value. The current Return-on-Tangible-Equity is 36.90%, which is 174% above median its 10-year median of 13.49 and 244.5% above the Business Services industry median of 10.71. Ecomic Co's overall GF Score™ is 79/100 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 Ecomic Co (TSE:3802), the current Return-on-Tangible-Equity is 36.90% 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 Ecomic Co (TSE:3802) Overvalued in 2026?
Based on GuruFocus' analysis, Ecomic Co stock appears to be overvalued.
The current stock price of 円488.00 is trading 2.7% above its estimated GF Value™ of 円475.19.
GuruFocus considers Ecomic Co to be Fairly Valued.
Key valuation signals for TSE:3802:
Return-on-Tangible-Equity: 36.90% (174% above median its 10-year median of 13.49)
GF Value™: 円475.19 vs. price of 円488.00 (2.7% above fair value)
Industry Position: 244.5% above the Business Services median (#597 of 1009)
No single metric tells the full story. See the TSE:3802 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ecomic Co Ltd is a Japanese firm. It provides payroll outsourcing services. The Company develops and sells payroll calculation systems and provides salary consulting services throughout Japan. It also develops and maintains computer software and sells and operates personnel management systems.
79GF Score
Get the complete analysis for TSE:3802
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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