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Base CoTSE:4481 -0.59%96 Return-on-Tangible-Equity is 24.20% as of Jun. 2026, which is 16% below its 10-year median of 28.89. GuruFocus rates TSE:4481 with a GF Score™ of 96/100 and a GF Value™ of 円3,598.23 (Fairly Valued). The stock has 3 warning signs investors should review. Among 2,486 Software companies, Base Co ranks better than 74.62% 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. Base Co's annualized net income for the quarter that ended in Jun. 2026 was 円3,551 Mil. Base Co's average shareholder tangible equity for the quarter that ended in Jun. 2026 was 円14,678 Mil. Therefore, Base Co's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was 24.20%.
The historical rank and industry rank for Base Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:4481'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 22.2 Med: 28.89 Max: 30.73
Current: 28.42
During the past 9 years, Base Co's highest Return-on-Tangible-Equity was 30.73%. The lowest was 22.20%. And the median was 28.89%.
TSE:4481's Return-on-Tangible-Equity is ranked better than 74.62% of 2486
companies
in the Software industry
Industry Median: 9.81
vs TSE:4481: 28.42
Base Co (TSE:4481) 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.
Base Co Return-on-Tangible-Equity Related Terms
Base Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Base 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:4481 vs QH, SHOP, UBER: Return-on-Tangible-Equity Comparison
For the Software - Application subindustry, Base 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.
Base Co Return-on-Tangible-Equity vs Software Industry
For the Software industry and Technology sector, Base Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Base 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 (Jun. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 24.20% mean?
Base Co (TSE:4481) has a Return-on-Tangible-Equity of 24.20% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Base Co and its competitors. This is 16% below median its historical median of 28.89. Over the past decade, Base Co's Return-on-Tangible-Equity has ranged from 22.20 to 30.73. According to the industry distribution chart, Base Co ranks #631 out of 2486 companies in the Software industry, placing it in the top 25.4%.
Is Base Co's Return-on-Tangible-Equity too high?
Base Co's current Return-on-Tangible-Equity of 24.20% is 16% below median its 10-year median of 28.89. Over the past 10 years, this metric has ranged from a low of 22.20 to a high of 30.73. The Software industry median Return-on-Tangible-Equity is 9.81. Base Co's value of 24.20% is 146.7% above this industry median. Based on the distribution chart, Base Co ranks #631 out of 2486 companies in the Software industry, which is above the industry midpoint. Overall, Base Co has a GF Score™ of 96/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Base Co's Return-on-Tangible-Equity compare to QH and SHOP?
According to the Software industry distribution chart, Base Co ranks #631 out of 2486 companies for Return-on-Tangible-Equity. This puts Base Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 9.81. Base Co's value of 24.20% is 146.7% above this benchmark. Historically, Base Co's own Return-on-Tangible-Equity has ranged from 22.20 to 30.73 over the past decade. While the company's 10-year median is 28.89 vs. the industry median of 9.81, Base 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 a Software company?
The median Return-on-Tangible-Equity among Software companies is 9.81, based on 2,486 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. Base Co's current Return-on-Tangible-Equity of 24.20% is 146.7% 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 Base Co and its competitors. For the Software industry, the median Return-on-Tangible-Equity is 9.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Base Co's current Return-on-Tangible-Equity is 24.20%, which is 16% below median its own 10-year median of 28.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Base Co stock overvalued right now?
Based on GuruFocus' analysis, Base Co (TSE:4481) is currently considered Fairly Valued. The stock's GF Value™ is 円3,598.23, compared to a current price of 円3,360.00 — trading 6.6% below its estimated fair value. The current Return-on-Tangible-Equity is 24.20%, which is 16% below median its 10-year median of 28.89 and 146.7% above the Software industry median of 9.81. Base Co's overall GF Score™ is 96/100 with 3 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 Base Co (TSE:4481), the current Return-on-Tangible-Equity is 24.20% as of Jun. 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 Base Co (TSE:4481) Overvalued in 2026?
Based on GuruFocus' analysis, Base Co stock appears to be undervalued.
The current stock price of 円3,360.00 is trading 6.6% below its estimated GF Value™ of 円3,598.23.
GuruFocus considers Base Co to be Fairly Valued.
Key valuation signals for TSE:4481:
Return-on-Tangible-Equity: 24.20% (16% below median its 10-year median of 28.89)
GF Value™: 円3,598.23 vs. price of 円3,360.00 (6.6% below fair value)
Industry Position: 146.7% above the Software median (#631 of 2486)
No single metric tells the full story. See the TSE:4481 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Base Co Ltd is engaged in providing computer software development and related activities. The company's activities include System development, System operation and maintenance, SAP implementation and maintenance support, e-KYC / Online identity verification service, BPO support using ICT, among others.
96GF Score
Get the complete analysis for TSE:4481
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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