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KayacTSE:3904 +2.36%61 Return-on-Tangible-Equity is 2.88% as of Dec. 2025, which is 85% below its 10-year median of 18.88. GuruFocus rates TSE:3904 with a GF Score™ of 61/100 and a GF Value™ of 円783.90 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 485 Interactive Media companies, Kayac ranks better than 55.05% 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. Kayac's annualized net income for the quarter that ended in Dec. 2025 was 円148 Mil. Kayac's average shareholder tangible equity for the quarter that ended in Dec. 2025 was 円5,130 Mil. Therefore, Kayac's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 2.88%.
The historical rank and industry rank for Kayac's Return-on-Tangible-Equity or its related term are showing as below:
TSE:3904'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -16.62 Med: 18.88 Max: 36.27
Current: 8.99
During the past 13 years, Kayac's highest Return-on-Tangible-Equity was 36.27%. The lowest was -16.62%. And the median was 18.88%.
TSE:3904's Return-on-Tangible-Equity is ranked better than 55.05% of 485
companies
in the Interactive Media industry
Industry Median: 5.8
vs TSE:3904: 8.99
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.
Kayac Return-on-Tangible-Equity Related Terms
Kayac Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Kayac'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:3904 vs NTES, EA, TTWO: Return-on-Tangible-Equity Comparison
For the Electronic Gaming & Multimedia subindustry, Kayac'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.
Kayac Return-on-Tangible-Equity vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Kayac's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Kayac'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 (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 2.88% mean?
Kayac (TSE:3904) has a Return-on-Tangible-Equity of 2.88% 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 Kayac and its competitors. This is 85% below median its historical median of 18.88. According to the industry distribution chart, Kayac ranks #218 out of 485 companies in the Interactive Media industry, placing it in the top 44.9%.
Is Kayac's Return-on-Tangible-Equity too high?
Kayac's current Return-on-Tangible-Equity of 2.88% is 85% below median its 10-year median of 18.88. The Interactive Media industry median Return-on-Tangible-Equity is 5.80. Kayac's value of 2.88% is 50.3% below this industry median. Based on the distribution chart, Kayac ranks #218 out of 485 companies in the Interactive Media industry, which is above the industry midpoint. Overall, Kayac has a GF Score™ of 61/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kayac's Return-on-Tangible-Equity compare to NTES and EA?
According to the Interactive Media industry distribution chart, Kayac ranks #218 out of 485 companies for Return-on-Tangible-Equity. This puts Kayac in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.80. Kayac's value of 2.88% is 50.3% below this benchmark. While the company's 10-year median is 18.88 vs. the industry median of 5.80, Kayac 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 an Interactive Media company?
The median Return-on-Tangible-Equity among Interactive Media companies is 5.80, based on 485 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. Kayac's current Return-on-Tangible-Equity of 2.88% is 50.3% 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 Kayac and its competitors. For the Interactive Media industry, the median Return-on-Tangible-Equity is 5.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kayac's current Return-on-Tangible-Equity is 2.88%, which is 85% below median its own 10-year median of 18.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kayac stock overvalued right now?
Based on GuruFocus' analysis, Kayac (TSE:3904) is currently considered Significantly Undervalued. The stock's GF Value™ is 円783.90, compared to a current price of 円433.00 — trading 44.8% below its estimated fair value. The current Return-on-Tangible-Equity is 2.88%, which is 85% below median its 10-year median of 18.88 and 50.3% below the Interactive Media industry median of 5.80. Kayac's overall GF Score™ is 61/100 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 Kayac (TSE:3904), the current Return-on-Tangible-Equity is 2.88% 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.
Is Kayac (TSE:3904) Overvalued in 2026?
Based on GuruFocus' analysis, Kayac stock appears to be undervalued.
The current stock price of 円433.00 is trading 44.8% below its estimated GF Value™ of 円783.90.
GuruFocus considers Kayac to be Significantly Undervalued.
Key valuation signals for TSE:3904:
Return-on-Tangible-Equity: 2.88% (85% below median its 10-year median of 18.88)
GF Value™: 円783.90 vs. price of 円433.00 (44.8% below fair value)
Industry Position: 50.3% below the Interactive Media median (#218 of 485)
No single metric tells the full story. See the TSE:3904 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kayac Inc is a Japanese entertainment content business. The group operates a digital platform, a publishing business, and develops and invests in area-specific content in key regions. It provides services of Regional capitalism, Game Entertainment, Interesting Production, e-sports, and Others.
61GF Score
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