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Avant GroupTSE:3836 +1.77%85 Return-on-Tangible-Equity is 21.20% as of Mar. 2026, which is 12% below its 10-year median of 23.99. GuruFocus rates TSE:3836 with a GF Score™ of 85/100 and a GF Value™ of 円1,964.81 (Significantly Undervalued). Among 2,477 Software companies, Avant Group ranks better than 71.98% 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. Avant Group's annualized net income for the quarter that ended in Mar. 2026 was 円3,191 Mil. Avant Group's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円15,051 Mil. Therefore, Avant Group's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 21.20%.
The historical rank and industry rank for Avant Group's Return-on-Tangible-Equity or its related term are showing as below:
TSE:3836'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 19.29 Med: 23.99 Max: 25.44
Current: 24.82
During the past 13 years, Avant Group's highest Return-on-Tangible-Equity was 25.44%. The lowest was 19.29%. And the median was 23.99%.
TSE:3836's Return-on-Tangible-Equity is ranked better than 71.98% of 2477
companies
in the Software industry
Industry Median: 8.83
vs TSE:3836: 24.82
Avant Group (TSE:3836) 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.
Avant Group Return-on-Tangible-Equity Related Terms
Avant Group Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Avant Group'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:3836 vs UBER, SHOP, CRM: Return-on-Tangible-Equity Comparison
For the Software - Application subindustry, Avant Group'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.
Avant Group Return-on-Tangible-Equity vs Software Industry
For the Software industry and Technology sector, Avant Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Avant Group'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 21.20% mean?
Avant Group (TSE:3836) has a Return-on-Tangible-Equity of 21.20% 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 Avant Group and its competitors. This is 12% below median its historical median of 23.99. Over the past decade, Avant Group's Return-on-Tangible-Equity has ranged from 19.29 to 25.44. According to the industry distribution chart, Avant Group ranks #694 out of 2477 companies in the Software industry, placing it in the top 28%.
Is Avant Group's Return-on-Tangible-Equity too high?
Avant Group's current Return-on-Tangible-Equity of 21.20% is 12% below median its 10-year median of 23.99. Over the past 10 years, this metric has ranged from a low of 19.29 to a high of 25.44. The Software industry median Return-on-Tangible-Equity is 8.83. Avant Group's value of 21.20% is 140.1% above this industry median. Based on the distribution chart, Avant Group ranks #694 out of 2477 companies in the Software industry, which is above the industry midpoint. Overall, Avant Group has a GF Score™ of 85/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Avant Group's Return-on-Tangible-Equity compare to UBER and SHOP?
According to the Software industry distribution chart, Avant Group ranks #694 out of 2477 companies for Return-on-Tangible-Equity. This puts Avant Group in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.83. Avant Group's value of 21.20% is 140.1% above this benchmark. Historically, Avant Group's own Return-on-Tangible-Equity has ranged from 19.29 to 25.44 over the past decade. While the company's 10-year median is 23.99 vs. the industry median of 8.83, Avant Group 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. Avant Group's current Return-on-Tangible-Equity of 21.20% is 140.1% 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 Avant Group 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. Avant Group's current Return-on-Tangible-Equity is 21.20%, which is 12% below median its own 10-year median of 23.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Avant Group stock overvalued right now?
Based on GuruFocus' analysis, Avant Group (TSE:3836) is currently considered Significantly Undervalued. The stock's GF Value™ is 円1,964.81, compared to a current price of 円1,210.00 — trading 38.4% below its estimated fair value. The current Return-on-Tangible-Equity is 21.20%, which is 12% below median its 10-year median of 23.99 and 140.1% above the Software industry median of 8.83. Avant Group's overall GF Score™ is 85/100. 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 Avant Group (TSE:3836), the current Return-on-Tangible-Equity is 21.20% 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 Avant Group (TSE:3836) Overvalued in 2026?
Based on GuruFocus' analysis, Avant Group stock appears to be undervalued.
The current stock price of 円1,210.00 is trading 38.4% below its estimated GF Value™ of 円1,964.81.
GuruFocus considers Avant Group to be Significantly Undervalued.
Key valuation signals for TSE:3836:
Return-on-Tangible-Equity: 21.20% (12% below median its 10-year median of 23.99)
GF Value™: 円1,964.81 vs. price of 円1,210.00 (38.4% below fair value)
Industry Position: 140.1% above the Software median (#694 of 2477)
No single metric tells the full story. See the TSE:3836 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Avant Group Corp Develops, sells, and maintains software to help customers make timely and appropriate management decisions and promote management reforms based on a variety of information, both financial and non-financial, and provides software-based consulting and BPO services, thereby contributing to DX of Management.
85GF Score
Get the complete analysis for TSE:3836
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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