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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. The Why How Do Co's annualized net income for the quarter that ended in Feb. 2026 was 円-1,080 Mil. The Why How Do Co's average shareholder tangible equity for the quarter that ended in Feb. 2026 was 円1,090 Mil. Therefore, The Why How Do Co's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2026 was -99.03%.
The historical rank and industry rank for The Why How Do Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:3823'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -201.54 Med: -56.25 Max: 15.96
Current: -46.76
During the past 13 years, The Why How Do Co's highest Return-on-Tangible-Equity was 15.96%. The lowest was -201.54%. And the median was -56.25%.
TSE:3823's Return-on-Tangible-Equity is ranked worse than 86.45% of 2480
companies
in the Software industry
Industry Median: 8.845
vs TSE:3823: -46.76
The Why How Do Co (TSE:3823) 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.
The Why How Do Co Return-on-Tangible-Equity Related Terms
The Why How Do Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for The Why How Do 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:3823 vs UBER, SHOP, CRM: Return-on-Tangible-Equity Comparison
For the Software - Application subindustry, The Why How Do 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.
The Why How Do Co Return-on-Tangible-Equity vs Software Industry
For the Software industry and Technology sector, The Why How Do Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where The Why How Do 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 (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 -99.03% mean?
The Why How Do Co (TSE:3823) has a Return-on-Tangible-Equity of -99.03% 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 The Why How Do Co and its competitors. According to the industry distribution chart, The Why How Do Co ranks #2144 out of 2480 companies in the Software industry, placing it in the top 86.5%.
Is The Why How Do Co's Return-on-Tangible-Equity too high?
The Why How Do Co's current Return-on-Tangible-Equity is -99.03%. Based on the distribution chart, The Why How Do Co ranks #2144 out of 2480 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, The Why How Do Co has a GF Score™ of 44/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does The Why How Do Co's Return-on-Tangible-Equity compare to UBER and SHOP?
According to the Software industry distribution chart, The Why How Do Co ranks #2144 out of 2480 companies for Return-on-Tangible-Equity. This places The Why How Do Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 8.85. 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 8.85, based on 2,480 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. 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 The Why How Do Co and its competitors. For the Software industry, the median Return-on-Tangible-Equity is 8.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Why How Do Co's current Return-on-Tangible-Equity is -99.03%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Why How Do Co stock overvalued right now?
Based on GuruFocus' analysis, The Why How Do Co (TSE:3823) is currently considered Possible Value Trap. The stock's GF Value™ is 円58.73, compared to a current price of 円32.00 — trading 45.5% below its estimated fair value. The current Return-on-Tangible-Equity is -99.03%. The Why How Do Co's overall GF Score™ is 44/100 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 The Why How Do Co (TSE:3823), the current Return-on-Tangible-Equity is -99.03% 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 The Why How Do Co (TSE:3823) Overvalued in 2026?
Based on GuruFocus' analysis, The Why How Do Co stock appears to be undervalued.
The current stock price of 円32.00 is trading 45.5% below its estimated GF Value™ of 円58.73.
GuruFocus considers The Why How Do Co to be Possible Value Trap.
Key valuation signals for TSE:3823:
Return-on-Tangible-Equity: -99.03%
GF Value™: 円58.73 vs. price of 円32.00 (45.5% below fair value)
No single metric tells the full story. See the TSE:3823 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Why How Do Co Inc formerly Acrodea Inc is a software company. It is mainly engaged in the development of platform services for smartphones and IoT related solutions. In addition, the company provides social game and application related development and services.
44GF Score
Get the complete analysis for TSE:3823
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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