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. Applied Technology Co's annualized net income for the quarter that ended in Dec. 2025 was 円0 Mil. Applied Technology Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was 円6,006 Mil. Therefore, Applied Technology Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 0.00%.
The historical rank and industry rank for Applied Technology Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:4356'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.21 Med: 15.52 Max: 22.18
Current: 6.21
During the past 13 years, Applied Technology Co's highest Return-on-Tangible-Equity was 22.18%. The lowest was 6.21%. And the median was 15.52%.
TSE:4356's Return-on-Tangible-Equity is ranked worse than 54.99% of 2477
companies
in the Software industry
Industry Median: 8.83
vs TSE:4356: 6.21
Applied Technology Co (TSE:4356) 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.
Applied Technology Co Return-on-Tangible-Equity Related Terms
Applied Technology Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Applied Technology 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.
Applied Technology Co Return-on-Tangible-Equity Chart
TSE:4356 vs IBM, ACN, FISV: Return-on-Tangible-Equity Comparison
For the Information Technology Services subindustry, Applied Technology 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.
Applied Technology Co Return-on-Tangible-Equity vs Software Industry
For the Software industry and Technology sector, Applied Technology Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Applied Technology 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 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 0.00% mean?
Applied Technology Co (TSE:4356) has a Return-on-Tangible-Equity of 0.00% 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 Applied Technology Co and its competitors. Over the past decade, Applied Technology Co's Return-on-Tangible-Equity has ranged from 6.21 to 22.18. According to the industry distribution chart, Applied Technology Co ranks #1362 out of 2477 companies in the Software industry, placing it in the top 55%.
Is Applied Technology Co's Return-on-Tangible-Equity too high?
Applied Technology Co's current Return-on-Tangible-Equity is 0.00%. Over the past 10 years, this metric has ranged from a low of 6.21 to a high of 22.18. Based on the distribution chart, Applied Technology Co ranks #1362 out of 2477 companies in the Software industry, which is below the industry midpoint. Overall, Applied Technology Co has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Applied Technology Co's Return-on-Tangible-Equity compare to IBM and ACN?
According to the Software industry distribution chart, Applied Technology Co ranks #1362 out of 2477 companies for Return-on-Tangible-Equity. This places Applied Technology Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 8.83. Historically, Applied Technology Co's own Return-on-Tangible-Equity has ranged from 6.21 to 22.18 over the past decade. 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. 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 Applied Technology Co 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. Applied Technology Co'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 Applied Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Applied Technology Co (TSE:4356) is currently considered Fairly Valued. The stock's GF Value™ is 円1,598.96, compared to a current price of 円1,640.00 — trading 2.6% above its estimated fair value. The current Return-on-Tangible-Equity is 0.00%. Applied Technology Co's overall GF Score™ is 82/100 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 Applied Technology Co (TSE:4356), the current Return-on-Tangible-Equity is 0.00% 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 Applied Technology Co (TSE:4356) Overvalued in 2026?
Based on GuruFocus' analysis, Applied Technology Co stock appears to be overvalued.
The current stock price of 円1,640.00 is trading 2.6% above its estimated GF Value™ of 円1,598.96.
GuruFocus considers Applied Technology Co to be Fairly Valued.
Key valuation signals for TSE:4356:
Return-on-Tangible-Equity: 0.00%
GF Value™: 円1,598.96 vs. price of 円1,640.00 (2.6% above fair value)
No single metric tells the full story. See the TSE:4356 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Applied Technology Co Ltd is engaged in the development of various automatic design system based on CAD, development of structural analysis, disaster prevention, environmental evaluation simulation, and providing GIS and asset management solutions.
82GF Score
Get the complete analysis for TSE:4356
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:4356 has been successfully added to your 
