Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
Needs WellTSE:3992 -1.56%91 Return-on-Tangible-Equity is 13.70% as of Mar. 2026, which is 38% below its 10-year median of 21.97. GuruFocus rates TSE:3992 with a GF Score™ of 91/100 and a GF Value™ of 円500.17 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,477 Software companies, Needs Well ranks better than 67.22% 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. Needs Well's annualized net income for the quarter that ended in Mar. 2026 was 円557 Mil. Needs Well's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円4,063 Mil. Therefore, Needs Well's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 13.70%.
The historical rank and industry rank for Needs Well's Return-on-Tangible-Equity or its related term are showing as below:
TSE:3992'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 14.47 Med: 21.97 Max: 37.39
Current: 20.13
During the past 11 years, Needs Well's highest Return-on-Tangible-Equity was 37.39%. The lowest was 14.47%. And the median was 21.97%.
TSE:3992's Return-on-Tangible-Equity is ranked better than 67.22% of 2477
companies
in the Software industry
Industry Median: 8.83
vs TSE:3992: 20.13
Needs Well (TSE:3992) 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.
Needs Well Return-on-Tangible-Equity Related Terms
Needs Well Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Needs Well'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:3992 vs MSFT, ORCL, PLTR: Return-on-Tangible-Equity Comparison
For the Software - Infrastructure subindustry, Needs Well'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.
Needs Well Return-on-Tangible-Equity vs Software Industry
For the Software industry and Technology sector, Needs Well's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Needs Well'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 13.70% mean?
Needs Well (TSE:3992) has a Return-on-Tangible-Equity of 13.70% 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 Needs Well and its competitors. This is 38% below median its historical median of 21.97. Over the past decade, Needs Well's Return-on-Tangible-Equity has ranged from 14.47 to 37.39. According to the industry distribution chart, Needs Well ranks #812 out of 2477 companies in the Software industry, placing it in the top 32.8%.
Is Needs Well's Return-on-Tangible-Equity too high?
Needs Well's current Return-on-Tangible-Equity of 13.70% is 38% below median its 10-year median of 21.97. Over the past 10 years, this metric has ranged from a low of 14.47 to a high of 37.39. The Software industry median Return-on-Tangible-Equity is 8.83. Needs Well's value of 13.70% is 55.2% above this industry median. Based on the distribution chart, Needs Well ranks #812 out of 2477 companies in the Software industry, which is above the industry midpoint. Overall, Needs Well has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Needs Well's Return-on-Tangible-Equity compare to MSFT and ORCL?
According to the Software industry distribution chart, Needs Well ranks #812 out of 2477 companies for Return-on-Tangible-Equity. This puts Needs Well in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.83. Needs Well's value of 13.70% is 55.2% above this benchmark. Historically, Needs Well's own Return-on-Tangible-Equity has ranged from 14.47 to 37.39 over the past decade. While the company's 10-year median is 21.97 vs. the industry median of 8.83, Needs Well 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. Needs Well's current Return-on-Tangible-Equity of 13.70% is 55.2% 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 Needs Well 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. Needs Well's current Return-on-Tangible-Equity is 13.70%, which is 38% below median its own 10-year median of 21.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Needs Well stock overvalued right now?
Based on GuruFocus' analysis, Needs Well (TSE:3992) is currently considered Modestly Undervalued. The stock's GF Value™ is 円500.17, compared to a current price of 円443.00 — trading 11.4% below its estimated fair value. The current Return-on-Tangible-Equity is 13.70%, which is 38% below median its 10-year median of 21.97 and 55.2% above the Software industry median of 8.83. Needs Well's overall GF Score™ is 91/100 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 Needs Well (TSE:3992), the current Return-on-Tangible-Equity is 13.70% 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 Needs Well (TSE:3992) Overvalued in 2026?
Based on GuruFocus' analysis, Needs Well stock appears to be undervalued.
The current stock price of 円443.00 is trading 11.4% below its estimated GF Value™ of 円500.17.
GuruFocus considers Needs Well to be Modestly Undervalued.
Key valuation signals for TSE:3992:
Return-on-Tangible-Equity: 13.70% (38% below median its 10-year median of 21.97)
GF Value™: 円500.17 vs. price of 円443.00 (11.4% below fair value)
Industry Position: 55.2% above the Software median (#812 of 2477)
No single metric tells the full story. See the TSE:3992 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Needs Well Inc provides application development, cloud solutions, IT related products and services, system infrastructure service and IT outsourcing services. Its services support to the development of BtoC / BtoB systems, digital marketing related system, business system, and CMS using web technology.
91GF Score
Get the complete analysis for TSE:3992
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:3992 has been successfully added to your 
