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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Value GolfTSE:3931 -1.07%50 Return-on-Tangible-Equity is 0.00% as of Jan. 2026. GuruFocus rates TSE:3931 with a GF Score™ of 50/100 and a GF Value™ of 円1,280.87 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 863 Media - Diversified companies, Value Golf ranks worse than 52.95% 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. Value Golf's annualized net income for the quarter that ended in Jan. 2026 was 円0 Mil. Value Golf's average shareholder tangible equity for the quarter that ended in Jan. 2026 was 円952 Mil. Therefore, Value Golf's annualized Return-on-Tangible-Equity for the quarter that ended in Jan. 2026 was 0.00%.
The historical rank and industry rank for Value Golf's Return-on-Tangible-Equity or its related term are showing as below:
TSE:3931'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -3.43 Med: 9.01 Max: 21.73
Current: 4.24
During the past 12 years, Value Golf's highest Return-on-Tangible-Equity was 21.73%. The lowest was -3.43%. And the median was 9.01%.
TSE:3931's Return-on-Tangible-Equity is ranked worse than 52.95% of 863
companies
in the Media - Diversified industry
Industry Median: 5.46
vs TSE:3931: 4.24
Value Golf (TSE:3931) 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.
Value Golf Return-on-Tangible-Equity Related Terms
Value Golf Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Value Golf'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:3931 vs NYT, WLY: Return-on-Tangible-Equity Comparison
For the Publishing subindustry, Value Golf'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.
Value Golf Return-on-Tangible-Equity vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Value Golf's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Value Golf'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 (Jan. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 0.00% mean?
Value Golf (TSE:3931) has a Return-on-Tangible-Equity of 0.00% as of Jan. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Value Golf and its competitors. According to the industry distribution chart, Value Golf ranks #457 out of 863 companies in the Media - Diversified industry, placing it in the top 53%.
Is Value Golf's Return-on-Tangible-Equity too high?
Value Golf's current Return-on-Tangible-Equity is 0.00%. Based on the distribution chart, Value Golf ranks #457 out of 863 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, Value Golf has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Value Golf's Return-on-Tangible-Equity compare to NYT and WLY?
According to the Media - Diversified industry distribution chart, Value Golf ranks #457 out of 863 companies for Return-on-Tangible-Equity. This places Value Golf in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.46. 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 Media - Diversified company?
The median Return-on-Tangible-Equity among Media - Diversified companies is 5.46, based on 863 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. 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 Value Golf and its competitors. For the Media - Diversified industry, the median Return-on-Tangible-Equity is 5.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Value Golf's current Return-on-Tangible-Equity is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Value Golf stock overvalued right now?
Based on GuruFocus' analysis, Value Golf (TSE:3931) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,280.87, compared to a current price of 円1,855.00 — trading 44.8% above its estimated fair value. The current Return-on-Tangible-Equity is 0.00%. Value Golf's overall GF Score™ is 50/100 with 7 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 Value Golf (TSE:3931), the current Return-on-Tangible-Equity is 0.00% as of Jan. 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 Value Golf (TSE:3931) Overvalued in 2026?
Based on GuruFocus' analysis, Value Golf stock appears to be overvalued.
The current stock price of 円1,855.00 is trading 44.8% above its estimated GF Value™ of 円1,280.87.
GuruFocus considers Value Golf to be Significantly Overvalued.
Key valuation signals for TSE:3931:
Return-on-Tangible-Equity: 0.00%
GF Value™: 円1,280.87 vs. price of 円1,855.00 (44.8% above fair value)
No single metric tells the full story. See the TSE:3931 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Value Golf Inc is engaged in the management of golf-related media, issues Golf magazines, and manages WEB services, develops systems and provides ASP services related to golf. It offers value service in both real and WEB. It also has advertisement media production business and medical business which include publication, service management for medical institutions.
50GF Score
Get the complete analysis for TSE:3931
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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