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.
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. TAC Co's annualized net income for the quarter that ended in Sep. 2025 was 円1,097 Mil. TAC Co's average shareholder tangible equity for the quarter that ended in Sep. 2025 was 円6,099 Mil. Therefore, TAC Co's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2025 was 17.99%.
The historical rank and industry rank for TAC Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:4319'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -3.81 Med: 6.85 Max: 10.93
Current: 7.19
During the past 13 years, TAC Co's highest Return-on-Tangible-Equity was 10.93%. The lowest was -3.81%. And the median was 6.85%.
TSE:4319's Return-on-Tangible-Equity is not ranked
in the Education industry.
Industry Median: 11.685
vs TSE:4319: 7.19
TAC Co (TSE:4319) 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.
TAC Co Return-on-Tangible-Equity Related Terms
TAC Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for TAC Co'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:4319 vs EDU, TAL, LAUR: Return-on-Tangible-Equity Comparison
For the Education & Training Services subindustry, TAC Co'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.
TAC Co Return-on-Tangible-Equity vs Education Industry
For the Education industry and Consumer Defensive sector, TAC Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where TAC Co'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 (Sep. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 17.99% mean?
TAC Co (TSE:4319) has a Return-on-Tangible-Equity of 17.99% as of Sep. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on TAC Co and its competitors. This is 163% above median its historical median of 6.85.
Is TAC Co's Return-on-Tangible-Equity too high?
TAC Co's current Return-on-Tangible-Equity of 17.99% is 163% above median its 10-year median of 6.85. The Education industry median Return-on-Tangible-Equity is 11.69. TAC Co's value of 17.99% is 54% above this industry median. Overall, TAC Co has a GF Score™ of 42/100, reflecting its overall financial health beyond just this single metric.
How does TAC Co's Return-on-Tangible-Equity compare to EDU and TAL?
TAC Co's Return-on-Tangible-Equity of 17.99% can be compared against companies in the Education industry. The industry median Return-on-Tangible-Equity is 11.69. TAC Co's value of 17.99% is 54% above this benchmark. While the company's 10-year median is 6.85 vs. the industry median of 11.69, TAC Co 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 an Education company?
The median Return-on-Tangible-Equity among Education companies is 11.69, based on 246 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. TAC Co's current Return-on-Tangible-Equity of 17.99% is 54% 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 TAC Co and its competitors. For the Education industry, the median Return-on-Tangible-Equity is 11.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TAC Co's current Return-on-Tangible-Equity is 17.99%, which is 163% above median its own 10-year median of 6.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TAC Co stock overvalued right now?
TAC Co (TSE:4319) has a current Return-on-Tangible-Equity of 17.99%. The stock's GF Value™ is 円192.17, compared to a current price of 円347.00 — trading 80.6% above its estimated fair value. The current Return-on-Tangible-Equity is 17.99%, which is 163% above median its 10-year median of 6.85 and 54% above the Education industry median of 11.69. TAC Co's overall GF Score™ is 42/100 with 10 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 TAC Co (TSE:4319), the current Return-on-Tangible-Equity is 17.99% as of Sep. 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 TAC Co (TSE:4319) Overvalued in 2026?
Based on GuruFocus' analysis, TAC Co stock appears to be overvalued.
The current stock price of 円347.00 is trading 80.6% above its estimated GF Value™ of 円192.17.
Key valuation signals for TSE:4319:
Return-on-Tangible-Equity: 17.99% (163% above median its 10-year median of 6.85)
GF Value™: 円192.17 vs. price of 円347.00 (80.6% above fair value)
No single metric tells the full story. See the TSE:4319 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TAC Co Ltd is a Japan-based company engages in providing educational services. The company is engaged in the personal education, corporate training, publishing, and manpower businesses. Its personal education business division offers preparatory courses for qualifications for individual students and provides training for corporations.
42GF Score
Get the complete analysis for TSE:4319
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:4319 has been successfully added to your 
