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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.
True DataTSE:4416 -3.74%65 Return-on-Tangible-Equity is 8.29% as of Mar. 2026, which is 176% above its 10-year median of 3.00. GuruFocus rates TSE:4416 with a GF Score™ of 65/100 and a GF Value™ of 円649.17 (Significantly Undervalued). Among 2,480 Software companies, True Data ranks worse than 51.69% 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. True Data's annualized net income for the quarter that ended in Mar. 2026 was 円87 Mil. True Data's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円1,049 Mil. Therefore, True Data's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 8.29%.
The historical rank and industry rank for True Data's Return-on-Tangible-Equity or its related term are showing as below:
TSE:4416'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -34.79 Med: 3 Max: 7.89
Current: 7.89
During the past 7 years, True Data's highest Return-on-Tangible-Equity was 7.89%. The lowest was -34.79%. And the median was 3.00%.
TSE:4416's Return-on-Tangible-Equity is ranked worse than 51.69% of 2480
companies
in the Software industry
Industry Median: 8.845
vs TSE:4416: 7.89
True Data (TSE:4416) 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.
True Data Return-on-Tangible-Equity Related Terms
True Data Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for True Data'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:4416 vs UBER, SHOP, CRM: Return-on-Tangible-Equity Comparison
For the Software - Application subindustry, True Data'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.
True Data Return-on-Tangible-Equity vs Software Industry
For the Software industry and Technology sector, True Data's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where True Data'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 (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 8.29% mean?
True Data (TSE:4416) has a Return-on-Tangible-Equity of 8.29% 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 True Data and its competitors. This is 176% above median its historical median of 3.00. According to the industry distribution chart, True Data ranks #1282 out of 2480 companies in the Software industry, placing it in the top 51.7%.
Is True Data's Return-on-Tangible-Equity too high?
True Data's current Return-on-Tangible-Equity of 8.29% is 176% above median its 10-year median of 3.00. The Software industry median Return-on-Tangible-Equity is 8.85. True Data's value of 8.29% is 6.3% below this industry median. Based on the distribution chart, True Data ranks #1282 out of 2480 companies in the Software industry, which is below the industry midpoint. Overall, True Data has a GF Score™ of 65/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does True Data's Return-on-Tangible-Equity compare to UBER and SHOP?
According to the Software industry distribution chart, True Data ranks #1282 out of 2480 companies for Return-on-Tangible-Equity. This places True Data in the lower half of its industry. The industry median Return-on-Tangible-Equity is 8.85. True Data's value of 8.29% is 6.3% below this benchmark. While the company's 10-year median is 3.00 vs. the industry median of 8.85, True Data 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 a Software company?
The median Return-on-Tangible-Equity among Software companies is 8.85, based on 2,480 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. True Data's current Return-on-Tangible-Equity of 8.29% is 6.3% 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 True Data and its competitors. For the Software industry, the median Return-on-Tangible-Equity is 8.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. True Data's current Return-on-Tangible-Equity is 8.29%, which is 176% above median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is True Data stock overvalued right now?
Based on GuruFocus' analysis, True Data (TSE:4416) is currently considered Significantly Undervalued. The stock's GF Value™ is 円649.17, compared to a current price of 円438.00 — trading 32.5% below its estimated fair value. The current Return-on-Tangible-Equity is 8.29%, which is 176% above median its 10-year median of 3.00 and 6.3% below the Software industry median of 8.85. True Data's overall GF Score™ is 65/100. 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 True Data (TSE:4416), the current Return-on-Tangible-Equity is 8.29% 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 True Data (TSE:4416) Overvalued in 2026?
Based on GuruFocus' analysis, True Data stock appears to be undervalued.
The current stock price of 円438.00 is trading 32.5% below its estimated GF Value™ of 円649.17.
GuruFocus considers True Data to be Significantly Undervalued.
Key valuation signals for TSE:4416:
Return-on-Tangible-Equity: 8.29% (176% above median its 10-year median of 3.00)
GF Value™: 円649.17 vs. price of 円438.00 (32.5% below fair value)
Industry Position: 6.3% below the Software median (#1282 of 2480)
No single metric tells the full story. See the TSE:4416 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
True Data Inc operates a big data platform based on the data generated daily from consumer purchasing behavior. The company deals with POS data with customer IDs from drug stores, supermarkets, and other retailers, and provides analysis and disclosure support tools using such data, as well as other services related to data marketing. Its services are divided into solutions for manufacturers, retailers, and all industries. In the solutions for manufacturers, it provides services such as Eagle Eye, Dolphin Eye, and POS Analysis Cloud. In the solutions for retailers, it offers services such as Shopping Scan, and for all industries, it provides data and analysis reports related to consumer purchases, data utilization support services such as AI, and other related services.
65GF Score
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Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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