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eBASE CoTSE:3835 -0.47%71 Return-on-Tangible-Equity is 18.29% as of Mar. 2026, which is 2% above its 10-year median of 17.86. GuruFocus rates TSE:3835 with a GF Score™ of 71/100 and a GF Value™ of 円647.08 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 2,477 Software companies, eBASE Co ranks better than 59.35% 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. eBASE Co's annualized net income for the quarter that ended in Mar. 2026 was 円1,280 Mil. eBASE Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円6,998 Mil. Therefore, eBASE Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 18.29%.
The historical rank and industry rank for eBASE Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:3835'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 13.4 Med: 17.86 Max: 21.72
Current: 14.58
During the past 13 years, eBASE Co's highest Return-on-Tangible-Equity was 21.72%. The lowest was 13.40%. And the median was 17.86%.
TSE:3835's Return-on-Tangible-Equity is ranked better than 59.35% of 2477
companies
in the Software industry
Industry Median: 8.83
vs TSE:3835: 14.58
eBASE Co (TSE:3835) 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.
eBASE Co Return-on-Tangible-Equity Related Terms
eBASE Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for eBASE 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:3835 vs UBER, SHOP, CRM: Return-on-Tangible-Equity Comparison
For the Software - Application subindustry, eBASE 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.
eBASE Co Return-on-Tangible-Equity vs Software Industry
For the Software industry and Technology sector, eBASE Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where eBASE 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 18.29% mean?
eBASE Co (TSE:3835) has a Return-on-Tangible-Equity of 18.29% 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 eBASE Co and its competitors. This is near median its historical median of 17.86. Over the past decade, eBASE Co's Return-on-Tangible-Equity has ranged from 13.40 to 21.72. According to the industry distribution chart, eBASE Co ranks #1007 out of 2477 companies in the Software industry, placing it in the top 40.7%.
Is eBASE Co's Return-on-Tangible-Equity too high?
eBASE Co's current Return-on-Tangible-Equity of 18.29% is near median its 10-year median of 17.86. Over the past 10 years, this metric has ranged from a low of 13.40 to a high of 21.72. The Software industry median Return-on-Tangible-Equity is 8.83. eBASE Co's value of 18.29% is 107.1% above this industry median. Based on the distribution chart, eBASE Co ranks #1007 out of 2477 companies in the Software industry, which is above the industry midpoint. Overall, eBASE Co has a GF Score™ of 71/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does eBASE Co's Return-on-Tangible-Equity compare to UBER and SHOP?
According to the Software industry distribution chart, eBASE Co ranks #1007 out of 2477 companies for Return-on-Tangible-Equity. This puts eBASE Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.83. eBASE Co's value of 18.29% is 107.1% above this benchmark. Historically, eBASE Co's own Return-on-Tangible-Equity has ranged from 13.40 to 21.72 over the past decade. While the company's 10-year median is 17.86 vs. the industry median of 8.83, eBASE 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 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. eBASE Co's current Return-on-Tangible-Equity of 18.29% is 107.1% 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 eBASE Co 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. eBASE Co's current Return-on-Tangible-Equity is 18.29%, which is near median its own 10-year median of 17.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is eBASE Co stock overvalued right now?
Based on GuruFocus' analysis, eBASE Co (TSE:3835) is currently considered Significantly Undervalued. The stock's GF Value™ is 円647.08, compared to a current price of 円425.00 — trading 34.3% below its estimated fair value. The current Return-on-Tangible-Equity is 18.29%, which is near median its 10-year median of 17.86 and 107.1% above the Software industry median of 8.83. eBASE Co's overall GF Score™ is 71/100 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 eBASE Co (TSE:3835), the current Return-on-Tangible-Equity is 18.29% 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 eBASE Co (TSE:3835) Overvalued in 2026?
Based on GuruFocus' analysis, eBASE Co stock appears to be undervalued.
The current stock price of 円425.00 is trading 34.3% below its estimated GF Value™ of 円647.08.
GuruFocus considers eBASE Co to be Significantly Undervalued.
Key valuation signals for TSE:3835:
Return-on-Tangible-Equity: 18.29% (near median its 10-year median of 17.86)
GF Value™: 円647.08 vs. price of 円425.00 (34.3% below fair value)
Industry Position: 107.1% above the Software median (#1007 of 2477)
No single metric tells the full story. See the TSE:3835 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
eBASE Co Ltd is engaged in the planning, development, sales and maintenance of e BASE series which is a content management software. The solutions provided by the company include food industry solutions, residential industry solutions, printing industry solutions, data pool solution, and sales support solutions.
71GF Score
Get the complete analysis for TSE:3835
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