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ASAHI NetTSE:3834 +0.32%75 Return-on-Tangible-Equity is 10.53% as of Mar. 2026, which is 13% below its 10-year median of 12.12. GuruFocus rates TSE:3834 with a GF Score™ of 75/100 and a GF Value™ of 円754.40 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 326 Telecommunication Services companies, ASAHI Net ranks worse than 52.45% 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. ASAHI Net's annualized net income for the quarter that ended in Mar. 2026 was 円928 Mil. ASAHI Net's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円8,813 Mil. Therefore, ASAHI Net's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 10.53%.
The historical rank and industry rank for ASAHI Net's Return-on-Tangible-Equity or its related term are showing as below:
TSE:3834'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.2 Med: 12.12 Max: 16.97
Current: 14.03
During the past 13 years, ASAHI Net's highest Return-on-Tangible-Equity was 16.97%. The lowest was 6.20%. And the median was 12.12%.
TSE:3834's Return-on-Tangible-Equity is ranked worse than 52.45% of 326
companies
in the Telecommunication Services industry
Industry Median: 15.605
vs TSE:3834: 14.03
ASAHI Net (TSE:3834) 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.
ASAHI Net Return-on-Tangible-Equity Related Terms
ASAHI Net Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for ASAHI 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:3834 vs VZ, TMUS, T: Return-on-Tangible-Equity Comparison
For the Telecom Services subindustry, ASAHI 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.
ASAHI Net Return-on-Tangible-Equity vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, ASAHI Net's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where ASAHI 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 (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 10.53% mean?
ASAHI Net (TSE:3834) has a Return-on-Tangible-Equity of 10.53% 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 ASAHI Net and its competitors. This is 13% below median its historical median of 12.12. Over the past decade, ASAHI Net's Return-on-Tangible-Equity has ranged from 6.20 to 16.97. According to the industry distribution chart, ASAHI Net ranks #171 out of 326 companies in the Telecommunication Services industry, placing it in the top 52.5%.
Is ASAHI Net's Return-on-Tangible-Equity too high?
ASAHI Net's current Return-on-Tangible-Equity of 10.53% is 13% below median its 10-year median of 12.12. Over the past 10 years, this metric has ranged from a low of 6.20 to a high of 16.97. The Telecommunication Services industry median Return-on-Tangible-Equity is 15.61. ASAHI Net's value of 10.53% is 32.5% below this industry median. Based on the distribution chart, ASAHI Net ranks #171 out of 326 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, ASAHI Net has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ASAHI Net's Return-on-Tangible-Equity compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, ASAHI Net ranks #171 out of 326 companies for Return-on-Tangible-Equity. This places ASAHI Net in the lower half of its industry. The industry median Return-on-Tangible-Equity is 15.61. ASAHI Net's value of 10.53% is 32.5% below this benchmark. Historically, ASAHI Net's own Return-on-Tangible-Equity has ranged from 6.20 to 16.97 over the past decade. While the company's 10-year median is 12.12 vs. the industry median of 15.61, ASAHI Net has consistently been below 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 Telecommunication Services company?
The median Return-on-Tangible-Equity among Telecommunication Services companies is 15.61, based on 326 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. ASAHI Net's current Return-on-Tangible-Equity of 10.53% is 32.5% below 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 ASAHI Net and its competitors. For the Telecommunication Services industry, the median Return-on-Tangible-Equity is 15.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASAHI Net's current Return-on-Tangible-Equity is 10.53%, which is 13% below median its own 10-year median of 12.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASAHI Net stock overvalued right now?
Based on GuruFocus' analysis, ASAHI Net (TSE:3834) is currently considered Modestly Undervalued. The stock's GF Value™ is 円754.40, compared to a current price of 円625.00 — trading 17.2% below its estimated fair value. The current Return-on-Tangible-Equity is 10.53%, which is 13% below median its 10-year median of 12.12 and 32.5% below the Telecommunication Services industry median of 15.61. ASAHI Net's overall GF Score™ is 75/100 with 1 warning sign 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 ASAHI Net (TSE:3834), the current Return-on-Tangible-Equity is 10.53% 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 ASAHI Net (TSE:3834) Overvalued in 2026?
Based on GuruFocus' analysis, ASAHI Net stock appears to be undervalued.
The current stock price of 円625.00 is trading 17.2% below its estimated GF Value™ of 円754.40.
GuruFocus considers ASAHI Net to be Modestly Undervalued.
Key valuation signals for TSE:3834:
Return-on-Tangible-Equity: 10.53% (13% below median its 10-year median of 12.12)
GF Value™: 円754.40 vs. price of 円625.00 (17.2% below fair value)
Industry Position: 32.5% below the Telecommunication Services median (#171 of 326)
No single metric tells the full story. See the TSE:3834 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ASAHI Net Inc is a Japan-based internet service provider. The company mainly offers internet connection services using fiber-optic technology and mobile networks, live survey system respon, system maintenance, and manufacturer maintenance. The company also provides learning management system named manaba.
75GF Score
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