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FullerTSE:387A -0.92%19 Return-on-Tangible-Equity is 16.05% as of Dec. 2025, which is 28% below its 10-year median of 22.43. GuruFocus rates TSE:387A with a GF Score™ of 19/100. The stock has 2 warning signs investors should review. Among 2,480 Software companies, Fuller ranks better than 61.17% 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. Fuller's annualized net income for the quarter that ended in Dec. 2025 was 円171 Mil. Fuller's average shareholder tangible equity for the quarter that ended in Dec. 2025 was 円1,067 Mil. Therefore, Fuller's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 16.05%.
The historical rank and industry rank for Fuller's Return-on-Tangible-Equity or its related term are showing as below:
TSE:387A'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.82 Med: 22.43 Max: 53.51
Current: 15.35
During the past 5 years, Fuller's highest Return-on-Tangible-Equity was 53.51%. The lowest was 3.82%. And the median was 22.43%.
TSE:387A's Return-on-Tangible-Equity is ranked better than 61.17% of 2480
companies
in the Software industry
Industry Median: 8.845
vs TSE:387A: 15.35
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.
Fuller Return-on-Tangible-Equity Related Terms
Fuller Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Fuller'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:387A vs UBER, SHOP, CRM: Return-on-Tangible-Equity Comparison
For the Software - Application subindustry, Fuller'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.
Fuller Return-on-Tangible-Equity vs Software Industry
For the Software industry and Technology sector, Fuller's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Fuller'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 (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 16.05% mean?
Fuller (TSE:387A) has a Return-on-Tangible-Equity of 16.05% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Fuller and its competitors. This is 28% below median its historical median of 22.43. Over the past decade, Fuller's Return-on-Tangible-Equity has ranged from 3.82 to 53.51. According to the industry distribution chart, Fuller ranks #963 out of 2480 companies in the Software industry, placing it in the top 38.8%.
Is Fuller's Return-on-Tangible-Equity too high?
Fuller's current Return-on-Tangible-Equity of 16.05% is 28% below median its 10-year median of 22.43. Over the past 10 years, this metric has ranged from a low of 3.82 to a high of 53.51. The Software industry median Return-on-Tangible-Equity is 8.85. Fuller's value of 16.05% is 81.5% above this industry median. Based on the distribution chart, Fuller ranks #963 out of 2480 companies in the Software industry, which is above the industry midpoint. Overall, Fuller has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Fuller's Return-on-Tangible-Equity compare to UBER and SHOP?
According to the Software industry distribution chart, Fuller ranks #963 out of 2480 companies for Return-on-Tangible-Equity. This puts Fuller in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.85. Fuller's value of 16.05% is 81.5% above this benchmark. Historically, Fuller's own Return-on-Tangible-Equity has ranged from 3.82 to 53.51 over the past decade. While the company's 10-year median is 22.43 vs. the industry median of 8.85, Fuller 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 8.85, 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. Fuller's current Return-on-Tangible-Equity of 16.05% is 81.5% 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 Fuller 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. Fuller's current Return-on-Tangible-Equity is 16.05%, which is 28% below median its own 10-year median of 22.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fuller stock overvalued right now?
Fuller (TSE:387A) has a current Return-on-Tangible-Equity of 16.05%. The current Return-on-Tangible-Equity is 16.05%, which is 28% below median its 10-year median of 22.43 and 81.5% above the Software industry median of 8.85. Fuller's overall GF Score™ is 19/100 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 Fuller (TSE:387A), the current Return-on-Tangible-Equity is 16.05% as of Dec. 2025. 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.
Fuller Inc has been growing its business with its base set in mobile. Fuller, with its core business centered around what smartphones are used for and analyzing data, operates by giving a great deal of consideration to its clients. In order to increase the value of its clients, the company comprehensively supports the success of mobile businesses of its clients through planning business models, researching competitors, developing and operating applications, analyzing usage data, and compiling tailored reports. The company develops apps by planning new business plans for the mobile generation and shifting existing services to mobile devices.
19GF Score
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